Sensex tumbled 337 points to 59120

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The US Interest rate hikes, including the Bank of England's, on the back of the Fed roiled global markets

Mumbai: US With the Federal Reserve raising interest rates by 0.75 percent late last night and signaling further hikes, other countries' central banks such as Indonesia and the Bank of England also hiked and global markets became cautious amid fears of a nuclear war by Russia. The Indian rupee opened at a low of 80.86 after breaking the historic 89 paisa value, and the funds continued to ease their overbought positions in the Indian stock markets today. After recovering in the American markets, the Dow Jones fell by 522 points and the Nasdaq by 205 points, causing panic in the global markets as well. However, Indian stock markets saw continued selective valuing of funds in automobile, consumer durables, FMCG stocks. The Sensex fell 337.06 points to 59119.72 and the spot Nifty closed down 88.55 points to 17629.80 as funds eased large overbought positions in particular banking-finance stocks.

Bankex tumbles 680 points: HDFC Bank, Tourism Fin., Axis, Central Bank, BOB decline

Funds booked massive profits in banking-finance stocks today. HDFC Bank fell by Rs.33.05 to Rs.1485.70, Axis Bank fell by Rs.16.85 to Rs.789.10, Bank of Baroda fell by Rs.2.90 to Rs.138.40, ICICI Bank fell by Rs.12.50 fell to Rs.902.85, Kotak Mahindra Bank fell by Rs.20.55 to Rs.1897.60, IndusInd Bank fell by Rs.8.30 to Rs.1215.60, Tourism Finance fell by Rs.4.15 to Rs.70.45, In the Central Bank of India, the reports of the bank exiting the PCA framework caused the offloading of the operators, the shares fell by 40 paise to Rs. 21.30, Karnataka Bank fell by Rs. 1.65 to Rs. 87.55, City Union Bank fell by Rs. 7 to Rs. 179.15, Sriram City fell by Rs.40.55 to Rs.1865.

Boom in auto stocks: Maruti rose by Rs.155 to Rs.9404: Escorts, Eicher, Tata Motors attracted

Amid the expectation of increased vehicle purchases across the country due to the successful monsoon, the selection of funds in automobile stocks was taking place. Escorts Kubota rose by Rs 56.95 to Rs 2140.05, Uno Minda rose by Rs 9.40 to Rs 551.40, Maruti Suzuki rose by Rs 155.15 to Rs 9403.85, Ashok Leyland rose by Rs 2.40 164.55, Eicher Motors rose by Rs.49.30 to Rs.3737.25, Tata Motors rose by Rs.4.60 to Rs.432.30, Hero Motocorp rose by Rs.21.40 to Rs.2797.75, MRF rose by Rs. .287.65 increased to Rs.84,500. The BSE Auto Index rose 222.31 points to close at 30540.55.

FMCG stocks continue to rally: Shree Renuka Sugar, Adani Wilmar, Hind Unilever, ITC rise

Funds were buying extensively in FMCG stocks for the second day in a row today. The BSE FMCG index rose 215.16 points to close at 16465.88. Shares rose by Rs 3.40 to Rs 60.20 on the report of ethanol capacity increase by Sri Renuka Sugar. Adani Wilmar rose by Rs.35.35 to Rs.817.90, Advines Enzyme rose by Rs.11.15 to Rs.308.50, Hindustan Unilever rose by Rs.69.15 to Rs.2693.05, ITC Limited rose by Rs.4 on continued fund buying. .05 to a new five-year high of Rs.345.10.

A big scam will come out in small, mid cap stocks? Continued offloading in stocks: 1764 stocks closed negative

In the name of small, mid-cap stocks, operators, investors were dumping stocks in the market in large numbers and the scams of retail investors were being exposed amid the continuous erosion of the stocks. Out of total 3589 scrips traded in BSE, the number of decliners was 1764 and gainers were 1676.

FPI/FII's net sale of Rs.2510 crore in cash : DII's net purchase of Rs.263 crore

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold net shares worth Rs.2509.55 crore in cash segment today-Thursday. A total of Rs.8449.20 crore was sold against a total purchase of Rs.5939.65 crore. While DII-domestic institutional investors made net purchases of Rs.263.07 crore in the cash segment today. A total of Rs.6171.94 crore was sold against a total purchase of Rs.6435.01 crore.

Softness in global markets: Nikkei 159 points, Hang Seng down 296 points: Strength in crude oil

Global markets were softening behind the US today. Japan's Nikkei 225 index fell by 159 points, Hong Kong's Hang Seng fell by 297 points. European markets were also moderately soft in the evening. Crude oil prices also remained strong in the evening, Brent crude was close to $90.50 and Nymax crude was close to $83.67.

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