Strong rise in local funds: Sensex jumps 657 points to 58,466

Investors' wealth increased by Rs 2.31 lakh crore in one day to Rs 4.5 lakh crore

(Gujarat News Correspondent) MUMBAI: Global stock markets rallied yesterday, with the US Dow Jones and Nasdaq index rebounding and Indian stock markets rallied again today. Deloitte predicts a sharp rise in petrol and diesel prices in March, following the recent sharp rise in international crude oil prices, despite the continued risk of inflation as the global economy returns to normal as the Coro transition draws to a close. The possibility of an interest rate hike by the RBI has led to an aggressive rise in funds in stocks. Along with banking-finance stocks, IT-Software Services, Consumer Durables, Power-Capital Goods and Healthcare stocks, the Sensex jumped 3.6 points to close at 4.5 and the Nifty spot closed at 16.05 points. The US dollar had gained 3 paise to Rs 5.31 against the rupee.

Bankex rises 6 points: Federal Bank, IndusInd Bank, HDFC, AU Small Bank, ICICI

Banking-finance stocks were shortlisted amid speculation that the reverse repo rate would be raised and the repo rate maintained, ahead of the Reserve Bank of India's lending policy review tomorrow, February 10. The BSE Bankex Index jumped 3.01 points to close at 206.31. Federal Bank rose by Rs 4.5 to Rs 105.15, IndusInd Bank rose by Rs 2.50 to Rs 4.5, HDFC Bank rose by Rs 2.50 to Rs 19.50, AU Small Bank rose by Rs 2.50 ICICI Bank rose by Rs 10 to Rs 205.50, Kotak Mahindra Bank rose by Rs 15 to Rs 19.10, State Bank of India rose by Rs 4.05 to Rs 4.15.

IT stocks rise behind Nasdaq: Persistent rises by Rs 301, Oracle by Rs 15, Coforge by Rs 15, MindTree by Rs 105

US-based Nasdaq stock market rebounded in local IT-software services stocks today, the Big Bull Fund's all-round taker. The BSE IT index jumped 3.4 points to close at 314.5. Persistent system jumps up by Rs 301.50 to Rs 30.9, Oracle Finserv rises by Rs 15.5 to Rs 5, Coforge rises by Rs 19.50 to Rs 5, L&T technology rises by Rs 151.5 to Rs 200 , Larsen & Toubro Infotech increased by Rs 19.50 to Rs 310, MindTree increased by Rs 104.5 to Rs 4.5, Indiamart increased by Rs 15 to Rs 2140, Wipro increased by Rs 3.10 to Rs 4.10, Tech Mahindra rose by Rs 21.5 to Rs 19.10, HCCL Technology by Rs 13.5 to Rs 1131.5, Infosys by Rs 20.5 to Rs 19.50.

Adani Wilmer's second day of stormy bullish 50% circuit: 2% rise in two days

Shares of Adani Wilmer Ltd rose 12 per cent after it was listed at a discount on Tuesday. The stock rose by Rs 4, or 20 per cent, to close at Rs 219.50 in the upper circuit today. In two days, investors are getting a huge return of 7% on Adani Wilmer's stock. In the last upper circuit of NSE, there were buyers of 215 stocks in BSE and more than 21.10 lakh buyers in BSE. The market capitalization of Adani Wilmer Ltd rose to Rs 21,6.5 crore today with an aggressive rally in the stock.

Auto Index jumps 3 points: Maruti jumps Rs 5 to Rs 21: Bajaj jumps Rs 110, Cummins jumps Rs 5

International crude oil prices stopped rising and funds fell in automobile stocks today. The BSE Auto Index jumped 4.5 points to close at 7.5. Maruti Suzuki jumped by Rs 4.5 to Rs 31.8, Bajaj Auto by Rs 110.5 to Rs 4.5, Cummins India by Rs 3.05 to Rs 4.5, Ashok Leyland by Rs 3.5. 16.5, Hero MotoCorp was up Rs.

Russia-Ukraine dispute calms down, crude supply rises, Brent falls to 70.50

International crude oil prices fell on the positive side of Iran's growing supply of crude oil to the world, a sign of a US-Iran agreement, as the dispute calmed down as Russia sought to negotiate a solution to Ukraine and negotiate a solution. Crude oil Brent was down 15 cents at ૬ 20.50 an ounce and Nymex crude was down 20 cents at ૬ 6.15 an ounce. Oil-gas stocks saw a mixed trend today. Indian Oil Corp rose by Rs 2.50 to Rs 131.05, HPCL by Rs 2.50 to Rs 4.5, Reliance Industries by Rs 4.5 to Rs 4.5. While in the case of acquisition of BPSL, reports including bid to run the company on a joint basis instead of gaining management control over the company without using the company's own financial resources by Vedanta, BPCL fell by Rs 1.50 to Rs 2.50, Gujarat Gas by Rs 2.50 to Rs. 30.50, ONGC was down by Rs. 2.50 to Rs. 12.10.

Healthcare stocks rise: Abbott jumps Rs 1,050 to Rs 12: TTK Healthcare rises Rs 5, Apollo Hospital rises Rs 15

The BSE Healthcare Index rose by 316.5 points to close at 7.5 as stocks of healthcare and pharmaceuticals companies were re-selected today. Abbott India jumped Rs 105.50 to Rs 19.50, TTK Healthcare jumped Rs 2.50 to Rs 205, Apollo Hospital jumped Rs 15.5 to Rs 21.5, Unichem Labs rose Rs 4.5 to Rs. 2.90, Glenmark Pharma rose by Rs. 17.5 to Rs.

Small, mid-cap stocks reduce funds, HNI rebound: 121 stocks close positive: 5 stocks bearish circuit

Sensex, Nifty based today again with a tumultuous rise in experts, funds, high networth investors, small, mid-cap, cash stocks improved market breadth. Of course, the market breadth was negative as the number of declining stocks remained high. Out of the total 9 scrips-shares traded on the BSE, the number of gainers today was 161 and the number of declines was 16. Only 30 stocks had a bullish upper circuit. The only seller in 6 stocks was the lower circuit.

Net sale of Rs 3 crore shares in FPI / FII cash: Net purchase of DII shares worth Rs 15 crore

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs had a net sale of Rs 2.5 crore in cash on Wednesday. A total of Rs 303.04 crore was sold against a total purchase of Rs 216.5 crore. A total of Rs 3.04 crore was sold against a total purchase of Rs 2061.5 crore.