Sensex tumbled 954 points to 57145

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Massive sale of Rs.8000 crores of foreign funds in two days

Mumbai: Amidst the global financial crisis, the stocks took a beating today. Foreign Funds - FPIs, FIIs in the Indian stock markets have sold over Rs.8000 crore worth of shares in two days along with massive net selling of more than Rs.5100 crore shares today. The US Funds sparked a global rout in stocks today as the Federal Reserve raised interest rates by 0.75 percent last week in an exercise to curb inflation, pushing the global economy deeper into recession and sending several countries' currencies lower against the dollar, and amid reports of a coup in China. The Indian rupee is also continuously falling against the US dollar, now the negative factor of the rupee along with the inflation has hammered the stocks with the possibility that the Reserve Bank of India will also increase the interest rate from 0.50 percent to 0.75 percent in the next credit policy review. Automobile, metal-mining, capital goods, consumer durables, FMCG, oil-gas stocks were hit with panic selling in banking-finance stocks. Of course, IT-software services stocks turned out to be the preferred valuing of funds. At the end, the Sensex fell by 953.70 points to close at 57145.22 and the Nifty spot fell by 311.05 points to close at 17016.30. Small, mid-cap stocks saw a bullish overshoot in the past few days, with several stocks falling on low volume amid reports of scams, leading to a major bear market. The Indian rupee today fell 63 paise to a new all-time low of 81.62 against the US dollar against a modest fall in crude oil prices. Among other global currencies, the pound also hit new historic lows against the US dollar.

Bankex lost 1037 points: AU Bank Rs.42, Bandhan Bank Rs.17, Axis Rs.26, Federal Rs.6

In banking-finance stocks, BSE Bankex index fell by 1037.22 points to close at 44243.68 as all-round funds, investors panicked. AU Small Finance Bank fell by Rs.41.75 to Rs.596, Bandhan Bank fell by Rs.16.60 to Rs.261.50, Federal Bank fell by Rs.5.75 to Rs.111, Axis Bank fell by Rs.26.15 to Rs. 742.45, Bank of Baroda fell by Rs.3.80 to Rs.128.60, ICICI Bank fell by Rs.21.65 to Rs.861.10, Kotak Mahindra Bank fell by Rs.33.35 to Rs.1829.05, HDFC Bank Rs.21.30 decreased to Rs.1425.20, IndusInd Bank decreased by Rs.33.70 to Rs.1149.50.

Bad market boosts IT stocks: Emphases, Coforge, HCL, Infosys, TCS rise

The BSE IT index rose by 36.73 points to close at 27171.97 today as funds in IT-software services, technology stocks preferred valuing in the bad market today. Emphasis increased by Rs.28.50 to Rs.2046.80, Coforge increased by Rs.42.80 to Rs.3384.45, L&T Technology increased by Rs.41.65 to Rs.3489, Persistent increased by Rs.34.10 to Rs.3180. , Infosys rose by Rs.14.50 to Rs.1379.75, TCS rose by Rs.11.95 to Rs.2994.75.

Auto stocks hit a slump: Tata Motors falls by Rs.25, Maruti by Rs.513, MRF by Rs.3717

Automobile companies' stocks suffered a major setback today. The BSE Auto Index fell 1,157.98 points to close at 28,867.65 as funds sold heavily in auto stocks amid fears of a global recession. Tata Motors fell by Rs.25.40 to Rs.397.65, Maruti Suzuki fell by Rs.513.30 to Rs.8830, Eicher Motors fell by Rs.174.50 to Rs.3514.40, MRF fell by Rs.3717.05 to Rs.78882. .50, Bajaj Auto fell by Rs.117 to Rs.3581.30, Mahindra & Mahindra fell by Rs.36.30 to Rs.1235, Escorts Kubota fell by Rs.79.15 to Rs.1997.55.

Bearish, bearish, bearish: Small, mid-cap stocks have extraordinary gaps: 2925 stocks close negative

Today, there was a major food shortage amid fears of a major global economic crisis. Foreign fund index Sensex, Nifty based heavy selling followed by small, mid cap stocks were seen falling in low volume. Market breadth was extremely poor. Out of the total 3707 scrips traded in BSE, the number of gainers was only 660 and the number of decliners was 2925.

Investors' wealth in stocks is Rs. 6.53 lakh crore reduced to Rs.270.11 lakh crore

As small, mid-cap, cash stocks fell today and frontline, heavyweight stocks rallied for the second day in a row, investors' wealth i.e. aggregate market capitalization of BSE-listed companies fell by Rs 6.53 lakh crore to Rs 276.64 lakh crore today. was In the last two trading days, Rs 11.43 lakh crore has been washed away.

FPI/FIIs' massive net selling of Rs.5101 crore in cash : DIIs' net buying of Rs.3532 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs had massive net selling of shares worth Rs.5101.30 crore in cash segment today-Monday. A total of Rs.11,333.34 crore was sold against a total purchase of Rs.6232.04 crore. Thus, there has been a massive net sale of Rs.8000 crore by FPI-FIIs in two days. While DII-domestic institutional investors made a net purchase of Rs.3532.18 crore in the cash segment today. A total of Rs.7147.92 crore was sold against a total purchase of Rs.10,680.10 crore.

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