Sensex jumps 460 points to 58926
Investors' wealth increased by Rs 1.15 lakh crore to Rs 4.31 lakh crore
(Gujarat News Correspondent) MUMBAI: The Reserve Bank of India (RBI) today raised the reverse repo rate of the majority and kept the repo rate unchanged, keeping all rates unchanged. And the Nifty had crossed the 1200 level. The rising risk of inflation and international crude oil prices started to rise again this evening, with Brent hitting ૧ 6.10 and Nymex ૩૮ 20.5, and the US dollar crossed the Rs 7 intra-day level against the rupee in the coming days after state elections. Funds led a short-term rally in stocks today, despite expectations of a sharp rise in diesel prices. In banking-finance, IT-software services, metal-mining stocks, the Sensex surged 30.05 points to close at 1.08 and the Nifty spot rose by 16.09 points to close at 1,306.5.
Bankex up 3 points: HDFC Bank up Rs 5, Kotak Bank up Rs 5, State Bank up Rs 5, AU Small Bank up Rs 10
As the Reserve Bank of India (RBI) kept interest rates unchanged, short-covering of funds in banking-finance stocks increased. The BSE Bankex Index jumped 4.15 points to close at 7.5. Federal Bank rose by Rs 3.5 to Rs 105.50, HDFC Bank rose by Rs 4.5 to Rs 19.15, Kotak Mahindra Bank rose by Rs 2.50 to Rs 19.50, State Bank of India rose by Rs 5 30 increased to Rs. 20.5, AU Small Finance Bank increased by Rs. Were living.
UTI AMC up Rs 30, Max Ventures up Rs 5, Repco Home up Rs 15, Housing up Rs 5, LIC Housing up Rs 11
Funds also made extensive gains in finance stocks today. UTI AMC jumps up Rs 20.50 to Rs 2.50, Max Ventures rises by Rs 2.10 to Rs 114.5, Repco Homes rises by Rs 12.5 to Rs 5, Satin Credit rises by Rs 2.50 to Rs. 101.5, Housing Financier increased by Rs. 2.09 to Rs. 2091.50, LIC Housing Finance increased by Rs. 2.2 to Rs. 2.50, Angel One to Rs. 151.50, SBI Life Insurance to Rs. 30.5, Rs. Were.
IT stocks such as Subex, Infibeam Avenue, 3 Moons, Zensar Techno, Firstshore, Emphasis, L&T Tech surged.
Fund-raising in IT stocks has been steadily rising amid strong growth in business by IT-software services, technology companies and a sharp rise in staff recruitment amid expectations of big growth in the coming year. IT stocks were also supported by the continued rally in the US stock market Nasdaq. The BSE IT index rose 2.4 points to close at 314.05. Subex jumps Rs 4.5 to Rs 2.50, Infibeam Avenue rises Rs 4.5 to Rs 2.50, 2 Moons Technology rises Rs 15.50 to Rs 4.50, Zensar Technology rises Rs 16.5 FirstShores Solutions increased by Rs.2.5 to Rs.140.2, Emphasis increased by Rs.2.50 to Rs.2115, Nazara by Rs.21.15 increased to Rs.303.50, L&T Technology by Rs. 105.05 up to Rs 3.50, Celton up Rs 2.50 to Rs 101, Infosys up Rs 21.5 up to Rs 12.5, Mastek up Rs 2.50 up to Rs 5, Indiamart up Rs 31. 20 increased to Rs. 219.50, Wipro increased by Rs. 2.50 to Rs. 2.50, HCL Technology increased by Rs. 2.5 to Rs.
Jindal Steel's sales rise 20% to Rs 5 per share: Hindalco's profit rises 3%
The BSE Metal Index rose 4.5 points to close at 7,175.9 today as funds continued to pick up in metal-mining stocks. Jindal Steel's sale of steel rose by 20 per cent in January 2008, after which the stock rose by Rs 4.5 to Rs 31.05. NMDC rose by Rs 2.50 to Rs 12.5, Tata Steel by Rs 4.5 to Rs 13.5, Hindalco's quarterly net profit rose by 3% to Rs 5 crore, the highest quarterly profit ever. Had risen to Rs. APL Apollo rose by Rs 3.10 to Rs 200.
Crude boils again, crosses ૯૨ 5: ONGC rises by Rs 5 to Rs 16
International crude oil prices rose 3 cents to ૧ 2.10 an ounce and the Nymex an ounce of 5 cents this evening on the back of falling crude and gasoline stocks in the US, following a fall in crude prices as Iran's crude supply soared as the Russia-Ukraine dispute calmed down. Funds were being raised in selected oil and gas stocks today. ONGC rose by Rs 2.10 to Rs 19.50, Adani Total Gas rose by Rs 2.50 to Rs 1,304.50, Petronet LNG rose by Rs 1.50 to Rs 318.50, Indraprastha Gas rose by Rs 2.50. Were Rs.
Small, Mid Cap, Cash Stocks Rise Extensive Profit Booking: 1914 Shares Negative Closure: 203 Stocks Down Circuit
Sensex, Nifty-based today with a tumultuous rise in experts, funds, high networth investors, small, mid-cap, cash stocks were preferred, but profit-booking in many stocks remained negative. Out of the total 9 scripo-stocks traded on the BSE, the number of gainers today was 16 and the number of declines was 1913. Only 7 stocks had a bullish upper circuit. Among 203 stocks, only sellers had a bearish lower circuit.
Investors' asset-market capitalization rises by Rs 1.17 lakh crore in one day to Rs 4.61 lakh crore
Index-based Sensex, Nifty surged small, mid-cap stocks, despite profit-booking in many stocks, frontline stocks and cash-preferred stocks, the value of investors, ie the market capitalization of companies listed on the BSE increased by Rs 1 lakh today. 2.31 lakh crore.
FPI / FII cash net sale of Rs 12 crore shares: DII's massive net purchase of Rs 5 crore shares
FIIs - Foreign institutional investors, foreign portfolio investors - FPIs on Thursday saw a net sale of Rs 12.5 crore in cash. A total of Rs 10,8.18 crore was sold against a total purchase of Rs 20.81 crore, while DII-domestic institutional investors made a net purchase of Rs 4.5 crore in cash today. A total of Rs 216.5 crore was sold against a total purchase of Rs 2.17 crore.
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