Nifty crosses 18000 again: Sensex rises 563 points to end at 60656

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- Nifty up 158 points to 18053: New allocation of foreign funds to India: Stocks rally again

MUMBAI: Stocks were broadly bullish again today amid anticipation of central budget preparations and reliefs from the government this time including income tax, reduction in windfall tax on crude oil and corporate results expected to be good in the corporate results season as foreign portfolio investors started to allocate funds. were Funds led by Siemens, Larsen bought aggressively in capital goods stocks today on the positive impact of Siemens' Rs 26,000 crore contract for manufacturing of 1,200 electric locomotives with Indian Railways along with corporate results. Along with this, the re-opening of China denied the possibility of a global recession by Goldman Sash and UBS, and the attraction of local funds remained in the Indian markets. Today, Nifty touched the level of 18000 again after heavy buying in IT-software services, technology stocks, automobile, oil-gas, FMCG stocks. Nifty jumped 158.45 points to close at 18053.30 and Sensex jumped 562.75 points to close at 60655.72. Today, the rupee weakened by 15 paise to 81.76 against the US dollar. International prices of crude oil rose modestly after falling, with Brent at $85.12 and Nymax-New York crude at $79.82.

- Larsen increased by Rs.75 to Rs.2213

In capital goods stocks, Siemens India's Rs 26,000 crore contract to manufacture and supply 1,200 electric locomotives with Indian Railways saw the stock rise to Rs 3,053.95 and close by Rs 1.75 at Rs 2,945.45. Shares rose by Rs 74.95 to Rs 2,213.15, Polycab by Rs 40.90 to Rs 2,716.25, Timcane by Rs 40.45 after Larsen & Toubro signed an agreement with Norway-based HTuCarrier to develop floating green ammonia projects. 3154.20, CG Power increased by Rs.2.85 to Rs.305.25. The BSE Capital Goods Index rose 548.85 points to close at 34558.30.

- Profit booking of funds in small, mid cap stocks

Market breadth turned negative today as players refrained from fresh big purchases with profit-booking in small, mid-cap stocks against renewed aggressive rally by funds in Sensex, Nifty based frontline stocks. Out of total 3644 scrips traded in BSE, the number of decliners was 1791 and the number of gainers was 1708.

- Purchase of Rs.211 crore in cash by FPIs/FIIs

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs became net buyers in the stocks after many days.Today-Tuesday there was a net purchase of Rs.211.06 crore worth of stocks in the cash segment. A total of Rs.8234.20 crore was sold against a total purchase of Rs.8445.26 crore. While DII-domestic institutional investors made a net purchase of Rs.90.81 crore in the cash segment today. A total of Rs.5148.64 crore was sold against a total purchase of Rs.5239.45 crore.

- Investors' wealth increased by Rs.1.16 lakh crore

In the stocks today, again index based funds led an aggressive rally, despite funds, investors selling in small, mid cap, cash stocks, despite the attractiveness of many stocks, the aggregate market capitalization of the companies listed in BSE means that the wealth of the investors increased by Rs. 1.16 lakh crore in a single day today to Rs. .281.86 lakh crore was reached.


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