Sensex surges 390 points to 61046 on sustained buying of local funds

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- Nifty up 112 points to 18165: Metals, capital goods, banking stocks rally

Mumbai: Foreign Portfolio Investors (FPIs), FIIs again became net buyers in the Indian stock markets on Tuesday after rising on the prospect of new large fund allocation for investment in the Indian markets, today again became net sellers on Wednesday. The surface of 61000 was Kudavi. On the global front, inflationary pressures are waning, against reports of a global economic slowdown, reports including Goldman Sachs, UBS denying the possibility of a recession, and the expectation of rapid re-opening in China after the Covid Zero Policy, the recovery in the global economy is expected to accelerate and with India in a strong position during this period, foreign funds have recently After the correction, with short covering again, local funds took the opportunity of valuing, and the stocks witnessed an aggressive rise. With Corporate India's quarterly results season showing overall good results, funds grabbed the opportunity to buy stocks at attractive valuations. Sensex jumped 390.02 points to close at 61045.74 and spot Nifty rose 112.05 points to close at 18165.35 on the back of capital goods-power stocks and metal-mining, banking, IT stocks. Thus, the Sensex rose by 953 points and the Nifty by 270 points in two days. There has been an increase.

Metal stocks storm on positive China report: SAIL, APL Apollo, Hindalco rise

Funds bought aggressively in shares of steel and other metal companies today, anticipating a big pick-up in demand for the metal with China's rapid re-opening of industrial recovery. The BSE Metal Index rose 519.45 points to close at 21792.07. SAIL increased by Rs.3.55 to Rs.90.65, APL Apollo increased by Rs.46.20 to Rs.1189.25, Hindustan Zinc increased by Rs.12.70 to Rs.361.05, Hindalco increased by Rs.15.10 to Rs. 503.05, Jindal Steel by Rs.15.90 to Rs.601.50, Tata Steel by Rs.3.25 to Rs.122.60, Vedanta by Rs.6.60 to Rs.324.10, Coal India by Rs.3 .80 rose to Rs.216.85, JSW Steel rose by Rs.9.55 to Rs.766.65.

Funds, high net worth investors rebounded in small, mid cap stocks: 1873 stocks closed positive

Aggressive rally of funds in Sensex, Nifty based stocks continued for the second day in a row, market breadth turned from negative to positive today as funds, players in small, mid cap stocks became active. Out of the total 3649 scrips traded in BSE, the number of gainers was 1873 and the number of decliners was 1638.

FPIs/FIIs' net sale of Rs.319 crore in cash : DIIs' net purchase of Rs.1225 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs became net buyers in the stocks after several days on Monday and today on Wednesday net sold stocks worth Rs.319.23 crore in cash segment again. A total of Rs.8705.87 crore was sold against a total purchase of Rs.8386.64 crore. While DII-domestic institutional investors made net purchases of Rs.1225.96 crore in the cash segment today. A total of Rs.5647.19 crore was sold against a total purchase of Rs.6873.15 crore.

Siemens rose by Rs 129 to Rs 3074 on Rs 26,000 crore contract: Larsen rose by Rs 53 to Rs 2266

Capital goods-power stocks saw fund-buying for the second day in a row today. Shares rose by Rs 129.45 to Rs 3,073.55 on aggressive buying today on the positive impact of Siemens India's Rs 26,000 crore manufacturing-supply contract for 1,200 electric locomotives with Indian Railways. Larsen & Toubro increased by Rs.53.30 to Rs.2266.45, Carborundum Universal increased by Rs.16.50 to Rs.920.85, ABB India increased by Rs.47.25 to Rs.2922.95, BHEL increased by Rs.1.10 80.85, Polycab increased by Rs.36.45 to Rs.2752.70, Honeywell Automation increased by Rs.224.55 to Rs.39,525.05. The BSE Capital Goods Index rose 503.16 points to close at 35061.46.

The asset-market capitalization of investors in stocks increased by Rs.89 thousand crore to Rs.282.75 lakh crore.

In stocks today, with index based local funds aggressively rising, funds, investors are valuing small, mid-cap, cash stocks in many stocks, the aggregate market capitalization of companies listed in BSE means the wealth of investors has increased by Rs. 89 thousand crores to Rs. 282.75 lakh crores in a single day. had arrived.

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