Sensex fell 1170 points to 58465
Nifty fell 3 points to 1912
(Gujarat News Correspondent) MUMBAI: The Modi government at the Center has not been able to resolve the farmers' agitation against the agriculture law for the past one year. With the negative impact of the immediate revaluation of the sale deal in assets, last week's listing of shares of Paytm-One2 Communications Ltd. continued in the market as leveraged class stocks began to explode in Indian stock markets today. With the hammering of funds in Reliance Industries stocks following reports of cancellation of Reliance Industries' Aramco deal, funds in long-running overvalued Indian markets, hammering of experts, high networth investors, Banking-Finance, Consumer Durables stocks, IT-Software Services, Automobiles, Power-Capital Goods, Oil-Gas, Funds in Healthcare stocks, Investors' offloading. It fell by 3 points and closed at 1912.8. Foreign funds-FPIs, FIIs today sold a further Rs 4 crore worth of stocks, while last Friday, stocks worth Rs 21 crore were sold out and in two days, a huge net sale of Rs 500 crore stocks was made.
Sensex down 17 points intra-day, down 1130 points in 2011
Trading started today with moderate deceptive strength. The Sensex opened at 210.8 against the previous close of 2.01, initially gaining strength on the back of strong gains by telecom companies Bharti Airtel and its various tariff hikes. The fund is heading for a massive sell-off in Reliance Industries and banking-finance stocks including Bajaj Finserv, Bajaj Finance with Kotak Mahindra Bank, Axis Bank, State Bank of India, HDFC Bank with MITU, EMTL Shares of NTPC, Maruti Suzuki, Bajaj Auto, Mahindra & Mahindra and Larsen & Toubro, Nestle India, Ultratech Cement, Dr. Reddy's Laboratories, Tech Mahindra, Infosys, Tata Steel, Hindustan Univ. At the bottom, it fell by 1,160.17 points to close at 5.5 at the end of 2011.
Nifty spot intra-day fell 4 points to 120 and fell 5 points at the end of the fall
The NSE's Nifty spot opened at 19.50 against the previous close of 19.40, initially gaining strength in telecom stocks including Bharti Airtel and reaching JSW Steel, Power Grid Corp, Asian Paints, Hindalco, Cipla, Britannia, Grasim. With the sale of funds in Reliance Industries, the finance-banking stocks include Bajaj Finance, Bajaj Finserv, State Bank of India, Kotak Mahindra Bank, Axis Bank, SBI Life Insurance, HDFC Life Insurance, Mahoti & Mahindra with Eicher Motors in FMCG stocks including Nestl ઈ India, Tata Consumer Products as well as Titan, ONGC, Pharma stocks in Sun Pharma, Dr. Reddy's Laboratories, Diviz Lab. At one point, the sell-off fell 4.5 points to a low of 120.5, and finally fell 4.5 points to close at 1912.8.
Consumer breaks 13: Dixon falls by Rs 515 to Rs 2021: Titan falls by Rs 5, Whirlpool falls by Rs 115
The BSE Consumer Durables Index fell by 12.5 points to close at 4.5 today as funds and investors began to sell heavily on the back of unusually high stock prices of consumer durables companies in recent months. Dixon Technology fell by Rs 313.5 to Rs 2061.50, Whirlpool of India fell by Rs 115 to Rs 313.50, Voltas fell by Rs 4.5 to Rs 119.50, Titan fell by Rs 4.5 to Rs. 6.50, Vaibhav Global fell by Rs. 2.50 to Rs. 2.50, CG Consumer fell by Rs. 2.50 to Rs. 2.50, Bajaj Electricals fell by Rs. 2.50 to Rs. 4.5 to Rs.
Auto Index down 215: Bosch down Rs 5, Tata Motors down Rs 5, Cummins India down Rs 21, Maruti Suzuki down Rs 5
In the automobile sector, funds' easing of bullish trade today in auto stocks today amid slower-than-expected vehicle purchases in the recent festive season and lower demand in the coming days. Bosch down Rs 2.50 to Rs 19.50, Tata Motors down Rs 4.5 to Rs 2.15, Cummins India down Rs 20.5 to Rs 4.5 15.50, Motherson Sumi fell by Rs. 3.50 to Rs. 2.09, Maruti Suzuki fell by Rs. 2.5 to Rs. 4.5, Bajaj Auto fell by Rs. 104.5 to Rs. .05 down to Rs. 2.15, Mahindra & Mahindra down Rs. 2.5 to Rs. Were living. The BSE Auto Index fell by 314.5 points to close at 2.08.
Paytm shares fall another 15 per cent to Rs 301 to Rs 150
Shares of Paytm-One2Communications Ltd, which was listed with a bang last week, fell 12 per cent for the second day in a row today, with funds and players hammering. Efforts by the company to stem the erosion of the company's stock by announcing that its October 2021 performance was encouraging failed. Shares of the company were listed at a discount of Rs 120 against the issue price of Rs 4,150 last Friday. .20 was closed. Thus, in two days, the stock has fallen by 20%. The time has come for investors to make huge losses by investing in the shares of this company.
Deal valuation decision with Reliance Aramco breaks down to Rs 5: IOC, BPCL, ONGC break down
International crude oil prices plunged to close at મે 5 per share for Nymex Crude and બ્રે 3 per share for Brent. Shares of the stock plunged by Rs 105.5 to Rs 3.10 after a hammering of funds due to the negative impact of announcing the immediate cancellation of the deal due to asset valuation. Among other oil and gas stocks, IOC fell by Rs 4.5 to Rs 12.5, Indraprastha Gas by Rs 19.10 to Rs 4.5, Gail India by Rs 4.5 to Rs 19.50 and Gujarat Gas by Rs. 14.5 down to Rs. 2.15, BPCL down Rs. 2.50 to Rs. 3.50, ONGC down Rs.
Bharti Airtel raises tariff by Rs 5 to Rs 5: Vodafone, Indus Towers
Shares of the company rose by Rs 4.5 to Rs 3.10 on expectations of an improvement in the company's performance in the coming days as telecom giant Bharti Airtel announced tariff hikes for its various calling and data plans. Expecting other companies to raise tariffs as well, Vodafone Idea was up 3 paise at Rs 10.50 and Indus Towers was up Rs 2.50 at Rs 21.5.
Wide gaps in small, mid-cap stocks: 21 stocks close negative: 3 stocks bearish circuit
Sensex, Nifty rebounded today with continuous offloading, massive erosion, small, mid-cap, even funds in cash stocks, market breadth was much worse than operators continued to sell broadly. Out of the total 6 scrips traded on the BSE, the number of gainers was 4 and the number of decliners was 21. The only seller in 4 stocks was the lower circuit against the upper circuit of the only buyer in 5 stocks.
Massive sale of shares worth Rs 5 crore in FPI / FII cash: Purchase of Rs 2061 crore in DII cash
FII-foreign institutional investors, foreign portfolio investors-FPIs, today (Monday) saw a massive net sale of Rs 2.5 crore in cash. A total of Rs 1912.8 crore was sold against a total purchase of Rs 11,606.5 crore. On the other hand, DII-domestic institutional investors made a net purchase of Rs 2,081.12 crore in cash today. A total of Rs 2.50 crore was sold against a total purchase of Rs 4.5 crore.
Historic erosion of investors' wealth in a single day: Rs 4.5 lakh crore down to Rs 20.8 lakh crore
Shares of Index-based Sensex, Nifty slammed into small, mid-cap, cash-strapped stocks today. 3 lakh crore was left.
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