Sensex plunges 1024 points to 57621

(Gujarat News Correspondent) MUMBAI: The Reserve Bank of India (RBI) has said it is imperative for the government to curb inflation due to rising crude oil prices and state elections, including in Uttar Pradesh, despite OPEC's decision to increase production. Reports of India's decision to raise interest rates by 0.5 per cent in its February 10 credit policy review sent Indian stock markets into a tailspin on the first day of the week today. Of course, as negotiations between the US and Iran continue, the fire of crude oil has calmed down and prices have been hitting. Brent crude was down 3 cents at ૪ 3.31 and Nymex crude was down ૨૭ 1.3 at ૯ 61.05 in the evening trade. Banking-Finance, FMCG, Capital Goods-Power, IT stocks, pharma auto stocks and offloading of funds, the Sensex fell by 106.5 points to 31.15 and the Nifty spot fell by 206.60 points to close at 1912.50.

Technically Nifty, Bank Nifty close trend down: Nifty 19151 and Bank Nifty 31 close necessary for rally

Technically the Nifty is showing a near trend down. The Nifty spot is now technically required to close above 19121 for a new rally. Bank Nifty is also showing a near trend down on a spot basis. Bank Nifty spot is being shown to be necessary to close above 21 for a new rally.

Will reverse repo rate increase by 0.5%? Bankex down 3 points: HDFC Bank, Kotak Bank, ICICI Bank fell

Banking-finance stocks were offloaded today amid reports that the Reserve Bank of India (RBI) may raise the reverse repo rate by 0.5 per cent this time around in a lending policy review to be held from February 9 to 10. The BSE Bankex Index fell 3 points to close at 7.5. HDFC Bank fell by Rs 4.5 to Rs 19.50, Kotak Mahindra Bank fell by Rs 4.5 to Rs 13.5, IndusInd Bank fell by Rs 3.50 to Rs 4.5, ICICI Bank fell by Rs 15.50. Axis Bank was down by Rs 4.50, AU Small Bank was down by Rs 4.5 to Rs 13.5.

Ujjivan Fi. Rs 12, Indian Bank Rs 10, Poonawala Fincorp Rs 15, Daulat Algotech Rs 3, Nippon Rs 12

The broad-based BSE Finance Index also fell by 14.5 points to close at 7.5 on broad selling in finance stocks. Ujjivan Financial fell by Rs 19.50 to Rs 19.15, Indian Bank by Rs 2.50 to Rs 19.5, Poonawala Fincorp by Rs 19.5 to Rs 21.05, Daulat Algotech by Rs 2.50. Rs 2.50, Nippon fell by Rs 13.5 to Rs 5, HDFC AMC fell by Rs 2.10 to Rs 311.5, Chaula Invest fell by Rs 2.50 to Rs 4.5, Chaula Fin Holding fell by Rs. HDFC Life fell by Rs 4.5 to Rs 5, HDFC Life fell by Rs 21.15 to Rs 206.5, Bajaj Finance fell by Rs 4.5 to Rs 20.5, Bajaj Finserv fell by Rs 4.5 to Rs 12.5, HDFC Ltd fell by Rs 4.5 to Rs 2.50.

Consumer Durables Index down 3 points: Titan down Rs 30, Dixon down Rs 5

The BSE Consumer Durables Index fell by 30 points to close at 7.5 on the back of continued selling by funds and investors in stocks of consumer durables companies. Titan Company fell by Rs 20.5 to Rs 310.5, Dixon Technology by Rs 2.50 to Rs 2.50, Rajesh Exports by Rs 15 to Rs 300, Amber Enterprises by Rs 2.50 to Rs 5, Havells India fell by Rs 15.50 to Rs 1131.5.

Off-loading in power-capital goods stocks: Polycab fell by Rs 5, Larsen by Rs 3, ABB by Rs 4, Team Can by Rs 5

The BSE Capital Goods Index fell by 31.50 points to close at 2031.9 today as funds were also widely sold in power-capital goods stocks. Polycab fell by Rs 2 to Rs 2.50, Gold BLW by Rs 31.50 to Rs 2.50, Larsen & Toubro by Rs 4.5 to Rs 19.50, Timken by Rs 21.5 to Rs 19 , Grindwell Norton fell by Rs 2.50 to Rs 1912.50, Praj Industries fell by Rs 4.5 to Rs 2.50. On the other hand, V-Guard End rose by Rs 4.5 to Rs 2.50, Lakshmi Machine Works by Rs 2.15 to Rs 11,205.50, Thermax by Rs 20.5 to Rs 205.50. , LG Equipment rose by Rs 4.05 to Rs 315, Honeywell Automation fell by Rs 130.50 to Rs 2007.50.

IT-software stocks continue to sell: D-Link, 2 Moons, Firstshore, Kelton, Nazara, Wipro, Mindtree, Persistent broke.

Funds in IT-software services, technology stocks too, experts were constantly selling profitably today. D-Link India fell by Rs 19.10 to Rs 12.5, 2 Moons Technology fell by Rs 13.5 to Rs 2.50, Firstshore Solutions fell by Rs 2.15 to Rs 19.50, Kelton Tech fell by Rs 5. 8 fell to Rs. 106.5, Nazara fell by Rs. 20.5 to Rs. 5 fell to Rs. 2.50, MindTree fell by Rs. 6.05 to Rs. 31.7, L&T Infotech fell by Rs. 18.50 to Rs. 219.50, L&T Technology fell by Rs. 20, Infosys fell by Rs. 3.10 to Rs. The BSE IT index fell 2.10 points to close at 8.30.

Gaps in small, mid-cap stocks: Shares of low-volume stocks: 217 stocks close negative, 216 stocks bullish circuit

With the Sensex, Nifty-based, crashing on the first day of the week, funds, players' small, mid-cap, cash stocks were selling heavily today, with many stocks falling in low volume and market breadth remaining negative. Out of the total 20 scrips-shares traded on the BSE, the number of gainers today was 161 and the number of decliners was Rs 214. Only 212 stocks had a bullish upper circuit. The only seller in 6 stocks was the lower circuit.

Investors' asset-market capitalization fell by Rs 2.5 lakh crore in a single day to Rs 2.5 lakh crore

Index-based Sensex, Nifty erosion, A-group and small, mid-cap profits in some stocks, the accumulated market capitalization of investors' assets, i.e. companies listed on the BSE, fell by Rs 2.5 lakh crore in a single day to Rs 4.5 lakh crore today.

FPI / FII cash net sale of Rs 115 crore shares: DII cash net sale of Rs 12 crore shares

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs today saw a net sale of Rs 114.5 crore in cash. A total of Rs 4.5 crore was sold against a total purchase of Rs 21.5 crore, while DII-domestic institutional investors had a net sale of Rs 12.5 crore in cash today. A total of Rs 4,060.6 crore was sold against a total purchase of Rs 4.5 crore.