Sensex tumbled 774 points as banking stocks rallied at the end of the January trend

-


Following the negative report of Hidenburg's short position in Adani Group...

Nifty down 226 points to 17892 : Bankex down 1172 points : FII/FPIs net selling at Rs 2393 crore

MUMBAI: Ahead of Adani Enterprises Ltd's Rs 20,000-crore follow-on public offer (FPO) of shares to the general public on Friday, January 27, in a so-called attempt to tarnish the Adani Group's image, the US The U.S. said it was concerned about the mounting debt of the Adani Group of Companies itself through Hidenburg. Banking stocks as well as Adani Group stocks took a beating today as investors sputtered in the banking sector on the negative impact of reports of short positions in traded bonds and non-Indian traded derivatives instruments. As stated in the report by Hindenburg, due to sky-high valuations in seven listed companies of Adani Group, due to the estimation of 85 percent fundamental decline, small to big investors in the market, funds panicked and began to balance bullish open positions at the end of today's January trend in derivatives. Of course, there was talk of the end of the January trend in derivatives and the F&O players being played big by global giant funds by issuing such a report even before the FPO of Adani Enterprises. With offloading in banking-finance stocks, consumer durables, capital goods, IT stocks, the Sensex at one stage fell by 897.39 points and fell to 60081.36 and finally closed by 773.69 points at 60205.06. While the Nifty spot at one point fell by 272.15 points and fell to 17846.15 and finally closed by 226.35 points at 17891.95.

Bankex 1172 collapses: State Bank collapses by Rs.26 to Rs.568: BOB, IndusInd, HDFC Bank collapses

Panic selling gapped banking stocks today amid concerns over Adani Group's mounting debt and valuation and rumors that banks that have given huge loans to the group may be in jeopardy following a report of short positions. The BSE Bankex index fell by 1171.73 points to close at 47199.53. Bank of Baroda fell by Rs.8.15 to Rs.169.80, State Bank of India fell by Rs.25.55 to Rs.568.80, IndusInd Bank fell by Rs.51.65 to Rs.1160.70, AU Small Finance fell by Rs. 19.20 fell to Rs.615.20, HDFC Bank fell by Rs.47.10 to Rs.1648.20, Axis Bank fell by Rs.18.35 to Rs.891.70.

Consumer durables index falls 495 points: CG Consumer, Dixon, Voltas, Havells, Titan decline

The BSE Consumer Durables Index closed down 495.98 points to close at 37799.48 due to heavy selling of funds in the stocks of consumer durables companies today. CG Consumer fell by Rs.11.35 to Rs.327.90, Dixon Technology fell by Rs.113.25 to Rs.3364.65, Voltas fell by Rs.20.90 to Rs.756.95, Aditya Birla Fashion fell by Rs.4.90 Rs.255.95, Havells India decreased by Rs.11.95 to Rs.1181.15, Titan Company decreased by Rs.15.10 to Rs.2356.45.

Oil-gas index falls to 369: Adani Gas falls by Rs.140 to Rs.3745: Reliance falls by Rs.32

Oil-gas stocks were hammered today due to negative report on Adani Group. Adani Total Gas fell by Rs.140.45 to Rs.3745, Reliance Industries fell by Rs.32.20 to Rs.2382.95, Gujarat Gas fell by Rs.5.40 to Rs.464.50, Indraprastha Gas fell by Rs.8.95 to Rs. 414.95, GAIL fell by Rs.1 to Rs.101. The BSE Oil-Gas Index fell 369.24 points to close at 20668.64.

Universal shock in stocks: Wide gaps in small, mid-cap stocks: 2492 stocks close negative

The report on the Adani Group led to a general gap in the stocks as the sentiment worsened. In small, mid-cap, funds in cash stocks, the market breadth became extremely poor as players sold out on a whim. Out of the total 3646 scrips traded in BSE, the number of gainers was only 1037 and the number of decliners was 2492.

FPIs/FIIs net sale of Rs.2393 crore in cash : DIIs' net purchase of Rs.1378 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs did massive net selling of stocks worth Rs.2393.93 crore in cash segment today on Wednesday. A total of Rs.8253.09 crore was sold against a total purchase of Rs.5859.15 crore. While DII-domestic institutional investors made a net purchase of Rs.1378.49 crore in the cash segment today. A total of Rs.6733.12 crore was sold against a total purchase of Rs.8111.61 crore.

The asset-market capitalization of investors in stocks fell by Rs.3.90 lakh crore to Rs.276.49 lakh crore.

Funds with Sensex, Nifty based Kadaka, panicked investors sold small, mid-cap, cash stocks in panic. Aggregate market capitalization of companies listed in BSE, i.e. investors' wealth in a single day, washed away Rs. 3.90 lakh crore to Rs. 276.49 lakh crore. was left


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more