Sensex fell 171 points to 61624

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MUMBAI: Global stock markets saw a lull in the bullishness seen last week as inflation in the US came down. Expected to improve relations after the meeting between US President Biden and China's Jingping, with China taking relief measures for the recovery of its industry-economy including property and relaxing the Covid restrictions, despite the recovery in the Chinese markets, funds in the Indian stock markets today faced a bullish trend in metal-mining, IT, pharma stocks. Index-based markets remained in the negative zone with offloading in FMCG, banking-finance stocks. The rupee weakened again against the US dollar after initially strengthening, with international crude oil prices trading in a narrow range. With the erosion in the Asian markets, the Sensex fell by 170.89 points to 61,624.15 and the Nifty spot closed by 20.55 points to 18,329.15, with capital goods-power, consumer durables stocks also selling profitably.

Metal stocks rise on relief from China: Hindalco rises by Rs.26 to Rs.456: Nalco, Jindal rise

Funds jumped into metal-mining stocks today on expectations that demand for the metal would pick up as China announced relief measures to help its industries recover. The BSE Metal Index rose 298.73 points to close at 20,443.68. Hindalco increased by Rs.25.80 to Rs.455.55, Nalco increased by Rs.3.40 to Rs.77.95, APL Apollo increased by Rs.30.60 to Rs.1081, Jindal Steel increased by Rs.14.30 to Rs.513. 50, Tata Steel rose by Rs.1.15 to Rs.108.65, Vedanta rose by Rs.2.35 to Rs.314.70.

Mindtree merger approval up Rs 103 to Rs 3766: L&T Infotech, L&T Techno rise

IT-software services stocks continued to be fund-buying today following a sharp recovery in US stock markets last week. Mindtree rose by Rs 102.95 to Rs 3766.35 after the merger of Mindtree with L&T Infotech was approved. Along with this, L&T Infotech increased by Rs.103.65 to Rs.5161.20, L&T Technology increased by Rs.76.35 to Rs.3794.30 due to the attraction of L&T Infotech becoming the fifth largest company in India by market capitalization. . Persistent increased by Rs.61.80 to Rs.3810.30, Coforge increased by Rs.122.75 to Rs.4020.75, Cient increased by Rs.17.75 to Rs.761.30, Infosys increased by Rs.13.95 to Rs.1584, Oracle Finserv increased by Rs.25.70 to Rs.3106, HCL Technology increased by Rs.8.25 to Rs.1098.50, TCS increased by Rs.17.95 to Rs.3334.05.

ITC falls Rs 9 to Rs 347 in FMCG stocks: DCM Sriram, ADF Foods fall

The BSE FMCG index fell by 208.98 points to close at 15,999.73 on the back of widespread profit booking by funds in FMCG stocks today. ITC fell by Rs.9.15 to Rs.347.25, Gujarat Ambuja Exports fell by Rs.12.50 to Rs.232.85, BCL Industries fell by Rs.26.95 to Rs.290, DCM Shriram fell by Rs.4.10 to Rs. 73.50, Agro Tech Foods fell by Rs.16 to Rs.771.15, Hindustan Unilever fell by Rs.45.85 to Rs.2457.65, IFB Agro fell by Rs.10.80 to Rs.545.15, Vadilal Industries by Rs.34 .75 decreased to Rs.2143.05, ADF Food decreased by Rs.21.25 to Rs.745.30.

Among healthcare stocks, Krishna Institute rose by Rs.130, Stride by Rs.27, NGL by Rs.127, Fortis by Rs.20.

Healthcare-Pharmaceuticals stocks were a selective rally of funds today. Krishna Institute increased by Rs.130.40 to Rs.1578.95, Stride Pharma increased by Rs.26.55 to Rs.345.05, NGL Fine Chem increased by Rs.127.55 to Rs.1739.45, Newland Lab increased by Rs.140.65 Up to Rs.1933.30, Fortis Health up by Rs.19.90 to Rs.302.60, Pfizer up by Rs.185.70 to Rs.4495.60, Glenmark up by Rs.16.50 to Rs.430.65, RPG Life by Rs. .35.20 increased to Rs.986.65.

Funds, sportsmen, small, cap stocks continue to sell off on surge: 1948 stocks close negative

Veteran investors, funds, sportspersons, maharathis continued to withdraw investment from small, mid cap stocks and sold off in a boom. Of course, buying in select stocks was sustained but the market-breadth remained negative due to selling in many stocks. Out of the total 3769 scrips traded in BSE, the number of gainers was 1668 and the number of decliners was 1948.

Net purchase of Rs.1089 crore in cash of Khainj/Khainain : Net purchase of Rs.47 crore of Ghainain

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs again bought net shares worth Rs.1089.41 crore in cash segment today-Monday. A total of Rs.20,679.62 crore was sold against a total purchase of Rs.21,769.03 crore. While DII-domestic institutional investors made a net purchase of Rs.47.18 crore in the cash segment today. A total of Rs.5794 crore was sold against a total purchase of Rs.5841.18 crore.


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