Sensex tumbled 879 points to 61799

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Banking, IT, consumer, capital goods stocks rally on signs of US interest rates to remain high

Mumbai: In America yesterday, the US With the Federal Reserve raising interest rates by half a percentage point, signaling the continuation of high interest rate policy for the long term, and the alarming rise in the number of corona cases in China, Hong Kong, including the threat of a global recession, former Governor of the Reserve Bank of India, Raghuram Rajan, has predicted the future for the global economy, including India. A negative impact on the stock market led to a general tizzy over the announcement of a weak year. Along with this, the calendar year 2022 is about to end, in preparation for the Christmas vacation, as a sign of the decrease in activity of foreign funds, today the players, maharathis eased the overbought position in the stocks in a big way and the expected gap fell. After offloading in Banking-Finance, IT-Software Services, Technology, Consumer Durables, Metal-Mining, Capital Goods, Automobile, FMCG stocks, the Sensex fell by more than 925 points and finally closed at 61799.03 by 878.88 points. While the Nifty spot fell by 275 points and finally closed at 18414.90 after losing 245.40 points.

Bankex falls 592 points: Profit booking in Bank of Baroda, HDFC Bank, State Bank

The BSE Bankex index fell 592.10 points to close at 49439.97 as funds, players eased overbought positions in banking-finance stocks today amid signs of continued US interest rate hike as investors booked profits. Bank of Baroda fell by Rs.7 to Rs.184.60, HDFC Bank fell by Rs.30.90 to Rs.1630.70, State Bank of India fell by Rs.10.05 to Rs.615.50, ICICI Bank fell by Rs.12.40 fell to Rs.908.60, IndusInd Bank fell by Rs.14 to Rs.1239.20, Kotak Mahindra Bank fell by Rs.8.55 to Rs.1864.50, Bank of India fell by Rs.5.20 to Rs.94.30, Union Bank of India fell by Rs.4.15 to Rs.90.10, Poonawalla Fin fell by Rs.12.40 to Rs.289.70.

IT index falls by 613 points: Tech Mahindra falls by Rs.42 to Rs.1022: Ramco, Sonata decline

There was a big offloading today behind America in IT-software services, technology stocks as well. The BSE IT index fell 613.24 points to close at 29155.38. Tech Mahindra fell by Rs.42.35 to Rs.1022.70, Subex fell by Rs.1.05 to Rs.33.65, Sonata fell by Rs.19.30 to Rs.541.50, Ramco System fell by Rs.7.65 to Rs. 265.75, Coforge fell by Rs.108.50 to Rs.3875.95, Infosys fell by Rs.40.85 to Rs.1539.40, Mastec fell by Rs.43.90 to Rs.1764, Persistent fell by Rs.101.10 to Rs. 4095.05, TCS fell by Rs.60.15 to Rs.3304.55, Oracle Finserv fell by Rs.53.55 to Rs.3041.

Consumer index falls to 557: Titan falls by Rs.66 to Rs.2523: CG Consumer, Blue Star fall

BSE Consumer Durables Index fell 557.76 points to close at 40121.36 due to profit booking in consumer durables companies. Titan Company decreased by Rs.66.50 to Rs.2523.35, Aditya Birla Fashion decreased by Rs.7.60 to Rs.308.70, CG Consumer decreased by Rs.6.05 to Rs.350.05, Blue Star decreased by Rs.18.60 It fell to Rs.1257.05, Dixon Technology fell by Rs.41.70 to Rs.4082, Whirlpool fell by Rs.11.70 to Rs.1498, Voltas fell by Rs.3.75 to Rs.847.

Wide Gaps in Small, Mid Cap, Cash Stocks: Market Breadth Worse Again: 2227 Stocks Close Negative

In small, mid-cap, cash stocks today, funds, players again sold massively, market breadth became extremely bad. Out of the total 3680 scrips traded in BSE, the number of gainers was only 1325 and the number of decliners was 2227.

FPI/FII's net sale of Rs.711 crore in cash : DII's net purchase of Rs.261 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs had a net sale of Rs.710.74 crore shares in cash segment today-Thursday. A total of Rs.8098.56 crore was sold against a total purchase of Rs.7387.82 crore. While DII-domestic institutional investors made net purchases of Rs.260.92 crore in the cash segment today. A total of Rs.4657.35 crore was sold against a total purchase of Rs.4918.27 crore.

The asset-market capitalization of investors in stocks fell by Rs.2.78 lakh crore to Rs.288.47 lakh crore.

In the stocks today, Sensex, Nifty based Kadaka along with small, mid cap stocks were widely sold, the wealth of investors i.e. the aggregate market capitalization of companies listed in BSE today decreased by Rs.2.78 lakh crore to Rs.288.47 lakh crore in a day.

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