Hemming of funds in banking-finance stocks Sensex fell 1017 points to 54303


MUMBAI: With global markets crashing behind the US, global inflation rising sharply ahead of the release of US inflation figures and the resurgence of Corona cases in China, reports of a resumption of lockdowns, including in Shanghai, have raised eyebrows. Crude oil rose above ૨૪ 15 and the rupee hit a record low against the dollar. Banking-finance stocks fell sharply in the market today on the back of a 0.50 per cent hike in home loan rates by HDFC Ltd. With the 10-year bond yield in the US rising to 5.05 per cent, the Indian rupee depreciated to a record low of 6.5 against the US dollar due to mounting pressure on Asian currencies. The Sensex, Nifty, crashed amid speculation of re-hammering of funds in software services and technology stocks and offloading of foreign funds in Reliance Industries. The Sensex was down 1,013.5 points at 206.5 and the Nifty spot was down 2.50 points at 1,201.60.

The risk of loan default will increase

As central banks around the world raise interest rates to curb inflation, the Reserve Bank of India raises the repo rate by 0.50 per cent. The funds were sold today due to the negative impact. Kotak Mahindra Bank fell by Rs 2.50 to Rs 19.10, Bandhan Bank fell by Rs 10.8 to Rs 4.5, HDFC Bank fell by Rs 2.50 to Rs 120.5, AU Small Finance Bank fell by Rs 11 ICICI Bank fell by Rs.40 to Rs.40.10, State Bank of India fell by Rs.0.05 to Rs.21.20. BSE Bankex was down 30.61 points at 4.5.

Tumble in IT stocks

IT-software services, technology stocks fell behind the global markets today. Firstshore Solutions fell by Rs 4.5 to Rs 107.5, Datametics Global fell by Rs 15.5 to Rs 205.50, Zensar Tech fell by Rs 10.8 to Rs 5, Emphasis fell by Rs 4.5 to Rs 205. .40, Wipro fell by Rs. 12.50 to Rs. 30.50, persistent system tax fell by Rs. 13.15, TCS down Rs. 31.50 to Rs. 3.5, Coforge down Rs. 2.5 to Rs. 3.50, L&T Technology down Rs. 3.05 to Rs.

Selling pressure 3101 stocks closed negative

Market hammering in Sensex, Nifty based funds, banking, finance, IT, oil-gas, metal stocks, funds in small cap stocks today, market breadth again turned negative rather than sell in many stocks against player buying. Out of the total 9 scrips traded on the BSE today, the number of gainers was 161 and the number of losers was 2101.

FII's Rs 5 crore sale

FII-foreign institutional investors, foreign portfolio investors-FPIs, had a net sale of Rs 2.5 crore in cash on Friday. A total of Rs 31.8 crore was sold against a total purchase of Rs 4.5 crore, while DII-domestic institutional investors made a net purchase of Rs 21.08 crore in cash today. A total of Rs 2.8 crore was sold against a total purchase of Rs 4,104.5 crore.

Investors' assets fall by Rs 2.11 lakh crore

Index-based Sensex, Nifty banking-finance, IT, oil-gas, metal stocks crash with small, mid-cap, high-networth investors in cash stocks, players' preferred value-buying in many stocks 6.11 lakh crore to Rs. 31.3 lakh crore.


Comments

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

A new elan in the world of smuggling - Go Digital!

Detailed information about the descalant sulfamic acid