Upheaval before end of September: Sensex tumbles 509 points to 56598

Continued heavy sell-off of foreign funds rattled the bulls

MUMBAI: Ahead of tomorrow's end of the September trend in derivatives, the extraordinary volatility today saw many players who gambled on F&O lose. As the continued heavy sell-off by Foreign Portfolio Investors (FPIs), FIIs in the Indian stock markets, there has been a flutter among the bulls. With the sharp increase in interest rates in the exercise to control inflation in the United States, the erosion of the currencies of the global countries against the US dollar has put the economies of many countries in crisis, but the whispers of the global economic crisis have spread. With the Treasury 10-year yield also reaching a 2008 high of four percent and gas supply crisis looming in Europe, the whispers of recession for the global economy increased. Along with this, sentiment has also been dampened by heavy selling by foreign funds and continued offloading by operators into small, mid-cap stocks, with signs that local funds with long overbought positions are now stuck in the bull market. There was heavy selling of funds in banking, metal stocks along with Reliance, ITC. While there was selective buying in pharma, IT, cement stocks.

Sixth consecutive day of weakness: Sensex recovers 100 points in last minute

Ahead of Reserve Bank of India's credit policy review and September trends in derivatives today, before the end of tomorrow Thursday, Sensex, Nifty based extreme volatility, after losing more than 600 points in the last minute, Palakwar recovered from a loss of 100 points to end at 509.24 points at 56598.80. was closed. While the Nifty spot fell by 148.80 points and closed at 16858.60. Thus, the index based market declined for the sixth consecutive day. The yuan has reached a new low since 2008 as global currencies continued to depreciate against the US dollar. Today, the rupee weakened by 36 paise to close at 81.94 against the US dollar. International crude oil prices strengthened modestly after falling, with Brent at $86.74 and Nymax-New York crude at $78.95 in the evening.

The maharathis will suddenly reverse the market by showing malaise with upheaval

Amidst the extraordinary volatility seen in the market, the call-put players are being discouraged and in the situation of local uncertainty with global factors, the market is discussing the possibility that the experts, funds will suddenly reverse the market after a short period and take a trap by making a big loss in the market for a short period of time. Therefore, it is necessary to be very careful in the gambling of F&Os and the foreign funds, which had invested in the stocks in the beginning of September, have sold Rs.11,000 crore worth of stocks in the last three days. The informants started advising that it should not be done.

Offloading of operators causes continuous gaps in small, mid-cap stocks: 2161 stocks negative

With continuous offloading of funds by operators in small, mid cap, cash stocks, panicked retail investors also rushed to sell and prices of many stocks were seen falling on low volume. So the market breadth became very bad. Out of the total 3532 scrips traded in BSE, the number of decliners was 2161 and the number of gainers was 1277.

2772 Crore Sales of Khainai: Huge Sales of Rs.13,575 Crores in Four Days

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs had a massive net sale of Rs.2772.49 crore worth of shares in cash segment today-Wednesday. A total of Rs.10,502.49 crore was sold against a total purchase of Rs.7729.89 crore. Thus, there has been a massive net sale of Rs.13,575 crore shares of foreign funds in four trading days. While DII-domestic institutional investors made a net purchase of Rs.2544.17 crore in the cash segment today. A total of Rs.5133.85 crore was sold against a total purchase of Rs.7678.02 crore.