Sensex fell 288 points to 59544

-


A recent session's rally in stocks faded on the first full day amid a holiday mood

Mumbai: After a universal rally in stocks in yesterday's Muhurta trading session of Samvat 2079, foreign funds booked profits on the first full trading day of the year today. Foreign funds seized the opportunity to ease the rally in stocks against initial buying in stocks by local funds amid the absence of many investors from the market due to the holiday mood after Diwali.

Finance-banking stocks fell 2.6 percent in Bajaj Finserv, 1.5 percent in Bajaj Finance, 1.5 percent in HDFC Ltd, 2.5 percent in Kotak Mahindra Bank, and 3 percent in FMCG stocks Nestlé India, 2.7 in Hindustan Unilever, with funds selling in Reliance Industries. Sensex fell by 287.70 points to close at 59543.90 at the end of the rout due to selling in stocks including Axis Bank, HDFC Bank, IndusInd Bank, Asian Paints. While the Nifty spot closed down 74.40 points to 17,656.30.

Selective buying by local funds in IT giant Maruti Suzuki, State Bank of India, Infosys, Sun Pharma, Mahindra & Mahindra, Larsen & Toubro, Dr.Reddy's Laboratories, Ultratech Cement, NTPC, along with IT giant Mahindra halted the index-based major erosion.

International crude oil prices dropped due to the possibility of a slowdown in fuel demand amid the global economic recession, with Brent down $1.44 to $91.82 and Nymax down $1.30 to $83.29.

In the global stock markets today, there was an overall softness in the markets of Asia, Europe, the rise in the Indian markets was seen cautiously. Bankex fell 263.30 points to 47116.99 due to selling in banking stocks. BSE Auto Index gained 359 points on the attraction in auto stocks.

BSE Capital Goods Index rose by 400.51 points as BHEL rose by 7.62 percent, LG Equipment by 4 percent, Hindustan Aeronautics by 3.7 percent, Bharat Forge by 2.6 percent. Market breadth turned negative due to extensive profit selling in small, mid cap stocks as well. Out of the total 3529 scrips traded in BSE, the number of decliners was 1974 and the number of gainers was 1444.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more