Profit booking in consumer durables, auto, banking stocks: Sensex falls 187 points to 60858

- Nifty down 57 points to 18108: Cautious selling in small, mid-cap stocks: Metal, oil-gas stocks rally: FPIs buy Rs.400 crore

Mumbai

Global markets were soft today with US stock markets tumbling as US retail sales figures for December fell to a one-year low and US global IT giant Microsoft announced plans to cut 10,000 jobs by March 2023 amid growing fears of a recession. Along with this, the overbought position was eased in F&O today as the weekly expiry also remained. Of course foreign funds were again net buyers in stocks today. Amidst the signs of global recession, the international prices of crude oil also fell and Brent lost the level of 85 dollars to 84.25 dollars and Nymax crude oil came close to 78.60 dollars. Indian stock markets also witnessed cautious profit-booking behind global markets today as local funds continued to rally against sell-off following Tuesday's buying by foreign funds. Local funds today made selective purchases in metal-mining, oil-gas stocks while foreign funds booked profits in consumer durables, automobiles, banking stocks. Sensex fell 187.31 points to 60858.43 and Nifty spot closed down 57.50 points to 18107.85.

Consumer index tumbles 308 points: Aditya Birla Fashion, Titan, Voltas, Blue Star fall

Shares of consumer durables companies were selling off today amid reports of a global recession and expectations of a slowdown in sales of consumer durables companies. Aditya Birla Fashion fell by Rs.5.15 to Rs.259.60, Titan Company fell by Rs.38.60 to Rs.2385.35, Voltas fell by Rs.12.25 to Rs.790.50, Blue Star fell by Rs.16.35 Rs.1238.20, Sheila Foam was down by Rs.11.50 to Rs.1241.95. The BSE Consumer Durables Index fell 308.06 points to close at 38330.11.

Profit booking in small, mid-cap stocks by players wary of surge: 2002 stocks close negative

Sensex, Nifty based softened today with market breadth turning negative as cautious retail investors, players profit booking in small, mid cap stocks. Out of the total 3626 scrips traded in BSE, the number of gainers was 1512 and the number of decliners was 2002.

FPIs/FIIs net buying Rs.400 crore in cash: DIIs net selling Rs.129 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs became net buyers in the stocks after many days on Monday, today Thursday again became net buyers in the cash segment and bought net stocks worth Rs.399.98 crore. A total of Rs.7380.89 crore was sold against a total purchase of Rs.7780.87 crore. While DII-domestic institutional investors made a net sale of Rs.128.96 crore in the cash segment today. A total of Rs.4450.49 crore was sold against a total purchase of Rs.4321.53 crore.

IndusInd Bank falls Rs 23 despite good results: Kotak Bank, Bandhan Bank, AU Small Bank, State Bank fall

Profit booking took place in banking-finance stocks today. Shares of IndusInd Bank fell by Rs 23.05 to Rs 1,199.45, Kotak Mahindra Bank by Rs 31.05 to Rs 1,767.90, Bandhan Bank by Rs 3.60 despite IndusInd Bank's quarterly results posting an encouraging 69 per cent growth in net profit. 236.20, AU Small Finance Bank decreased by Rs.7.55 to Rs.622, State Bank of India decreased by Rs.1.50 to Rs.589.90. Along with this, India Bulls Housing decreased by Rs.5.10 to Rs.136.45, Monarch decreased by Rs.12.25 to Rs.367.50, RBL Bank decreased by Rs.5.25 to Rs.167.25, Prudent Advisor decreased by Rs.31 990, Mannapuram Finance fell by Rs.3.50 to Rs.113.55, ICICI Lombard fell by Rs.30.40 to Rs.1169.45. While Muthut Capital increased by Rs.17 to Rs.263, Capri Global increased by Rs.35.80 to Rs.784, Anand Rathi Securities increased by Rs.22.60 to Rs.840.15, Vardhaman Holding increased by Rs.77.55 to Rs.2950. were

Crashes in US stock markets: Dow Jones falls 613 points Europe, Asia wash

In America yesterday, after the negative news of Microsoft, Dow Jones fell 613 points and Nasdaq 138 points in the American stock markets, the markets of Asian and European countries were washed away. In the markets of Asia-Pacific countries, Japan's Nikkei 225 index fell by 385.89 points to 26405.23, Hong Kong's Hang Seng index fell by 27 points to 21650. In the markets of European countries, London's Futsi 100 index fell by 85 points, Germany's Dex by 224 points and France's Keck 40 index by 107 points.

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