Sensex jumps 1181 points to 61795 on foreign fund rally

-


Mumbai: In America yesterday, the inflation figure for the month of October fell more than expected to 7.7 percent. Expected gains in global markets today came amid reports of China easing quarantine restrictions, with the Dow Jones rallied 1201 points and the Nasdaq 760 points in US stock markets as the Federal Reserve signaled a pause in interest rate hikes, as well as a sharp rise in the value of other countries' currencies against the US dollar. A storm was seen. Indian stock markets today saw HDFC group stocks and IT-software services, technology stocks led by funds, giants expected aggressive rally in large-cap stocks, with Sensex jumping 1,181.34 points to 61,795.02 and Nifty spot fresh 52-week high at 18,362. After making 30, 321.50 points rose and closed at 18349.70. Funds, giants in large cap stocks continued to sell heavily while small, mid cap, cash stocks continued to exit massively. In IT stocks HDFC Bank, HDFC Ltd along with Infosys, TCS, HCL Technology, Wipro along with Reliance Industries, Tata Steel, Funds including Larsen & Toubro had a stormy rally. The Indian rupee rose sharply by Rs.1.01 to 80.80 against the US dollar today.

HDFC Ltd. Rs.146 up to Rs.2651 : HDFC Bank up by Rs.86 to Rs.1611

In banking-finance stocks today, the funds rode a bullish storm ahead of the merger in HDFC twins stocks. Amid reports of HDFC's weightage in the MSCI index doubling from 5.78 to 13 post-merger, funds bought into the stock. HDFC Limited increased by Rs.146.40 to Rs.2651.25, HDFC Bank increased by Rs.85.70 to Rs.1610.95. Along with this, HDFC Life increased by Rs.14.40 to Rs.542.65, HDFC AMC increased by Rs.18.25 to Rs.2102.35. Along with this, among other banking-finance stocks, Bandhan Bank increased by Rs.4.25 to Rs.226.30, IndusInd Bank increased by Rs.11.95 to Rs.1139.70. The BSE Bankex index rose 473.13 points to close at 48101.36.

IT Index jumps 1061: Infosys rose by Rs.68, TCS rose by Rs.110, Tech Mahindra rose by Rs.37

Funds in IT-Software Services, Technology stocks led the US stock market Nasdaq today, with the BSE IT index surging 1060.72 points to close at 29719.48. TCS increased by Rs.110.10 to Rs.3316.10, Coforge increased by Rs.221.45 to Rs.3898, Mindtree increased by Rs.180.85 to Rs.3663.40, Emphases increased by Rs.99.80 to Rs.2028.15, Infosys increased by Rs.67.80 to Rs.1570.05, Tech Mahindra increased by Rs.37.15 to Rs.1058.60, Wipro increased by Rs.10.90 to Rs.399.75.

Metal stocks Jindal Steel up Rs 24 to Rs 499 as China eases curbs: Hindalco, Nalco rise

Funds were in metal-mining stocks today on reports of an easing of Covid-related quarantine restrictions in China and a possible break in sharp interest rate hikes as inflation in the US fell more than expected. Jindal Steel rose by Rs 24.05 to Rs 499.20, Hindalco rose by Rs 14.65 to Rs 429.75 despite quarterly profit decline, Nalco rose by Rs 2.10 to Rs 74.55, Tata Steel rose to Rs. 2.85 up to Rs 107.50, JSW Steel up by Rs 17.75 to Rs 718.85, Vedanta up by Rs 5.25 to Rs 312.35.

Reliance Industries gains Rs 57 to Rs 2,631 amid race to acquire Future Retail's assets

Funds in Reliance Industries were heavily bought today. With reports that the company is in the running to buy the assets of Future Retail and has filed a Letter of Intent, the share gained Rs 56.90 to Rs 2,631.35 on the back of the company's continued acquisitions in different segments. BPCL increased by Rs.3.15 to Rs.308.50, Adani Total Gas increased by Rs.35.50 to Rs.3744.50.

Turbulent rally in large-cap stocks: Widespread selling in small-cap stocks: 1690 stocks close negative

It was said from here only yesterday that it is clear that the stocks have turned upside down and in order to protect their capital, veteran investors, funds, experts have started withdrawing investment from small, mid cap stocks and started turning to large cap stocks by continuously selling them. According to which, selling continued in small, mid cap, many cash stocks even today. However, the market breadth was moderately positive. Out of the total 3601 scrips traded in BSE, the number of gainers was 1756 and the number of decliners was 1690.

FII/FPI's net purchase of Rs.3958 crore in cash : DII's net purchase of Rs.615 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs again bought Rs.3958.23 crore worth of shares in cash segment today-Friday. A total of Rs.8575.75 crore was sold against a total purchase of Rs.12,533.98 crore. While DII-domestic institutional investors made net purchases of Rs.615.54 crore in the cash segment today. A total of Rs.9233.57 crore was sold against a total purchase of Rs.9849.11 crore.

The asset-market capitalization of investors in stocks increased by Rs.2.97 lakh crore to Rs.284.56 lakh crore.

Investors' wealth i.e. aggregate market capitalization of BSE listed companies increased by Rs 2.97 lakh crore to Rs 284.56 lakh crore in a single day today due to reduction in preferred stocks.

Nikkei rose 547 points, Hang Seng rose 1245 points

Global markets saw a universally tumultuous rally today as US inflation fell more than expected in October. In the markets of Asian countries, Japan's Nikkei 225 index rose 547.14 points to 28263.57, Hong Kong's Hang Seng index rose 1244.62 points to 17325.66, China's CSI 300 index rose 102.75 points to 3788.44. In the markets of European countries, the current market was strong this evening.

Comments

Post a Comment

Popular posts from this blog

Covid-19 effect: Significant increase in demand for second hand cars in the country

-
Image
Mumbai, May 26, 2020, Tuesday As lockdowns are being phased out across the country, the use of private vehicles using public transport to reach their destinations is on the rise. The increasing use of private vehicles has also increased the demand for cars, especially secondhand cars. Demand for second-hand cars is unprecedented. Inquiries for second-hand cars have almost doubled during the lockdown period compared to the time before the lockdown, according to a survey of about 100 dealers and car buyers. Demand for used cars at dealers has been strong in the last few weeks, and is expected to grow as the lockdown eases. Consumers are increasingly interested in buying second-hand cars, especially smaller ones, due to lower income levels and health-related safety, said an organized second-hand car dealer. Inquiries for a particular vehicle, which used to be around 15 per cent before the lockdown, have now doubled to 5 per cent. Inquiries for new vehicles have fallen from 21 per cen...
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

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