Sensex rose 468 points to 61806

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MUMBAI: As the situation worsened due to sharp increase in Corona cases in China, flutter of economic recession and now the calendar year 2022 is coming to an end, the Christmas holiday mood is starting to set in with caution in the overall global markets as against the negative trend in the Asian markets and caution in the European markets, domestic institutional against selling of foreign funds in the Indian stock markets. The market remained in the positive zone due to heavy buying by investors (DIIs) in the stocks. The market rallied unexpectedly, led by a rally in auto stocks and a rally in FMCG stocks on expectations of increased sales as the year-end automobile companies started offering discounts to clear their old stock of 2022 manufacturing dates with the drop in international crude oil prices.

Sensex surged 468.38 points to 61806.19 and Nifty spot rose 151.45 points to close at 18420.45 on the back of profit booking in IT-software services stocks. Funds were buying into auto stocks on the back of discount offers by automobile companies to clear stocks of manufactured vehicles for the year-end 2022 along with a fall in international crude oil prices.

Attractiveness in small, mid cap, cash stocks

In small, mid-cap, cash stocks today, funds, players again bought broadly, market breadth turned positive today. Out of total 3781 scrips traded in BSE, the number of gainers was 2044 and the number of decliners was 1581.

Ghana's net purchase of Rs.687 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs had a net sale of Rs.538.10 crore shares in cash segment today-Monday. A total of Rs.5814.43 crore was sold against a total purchase of Rs.5276.33 crore. While DII-domestic institutional investors made a net purchase of Rs.687.38 crore in the cash segment today. A total of Rs.3928.94 crore was sold against a total purchase of Rs.4616.32 crore.

Investors' wealth increased by Rs.2.44 lakh crore

Sensex, Nifty based rallied with widespread buying in small, mid cap stocks, investor wealth i.e. aggregate market capitalization of BSE listed companies increased by Rs 2.44 lakh crore to Rs 287.90 lakh crore in a single day today.

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