Sensex fell 139 points to 59605

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Mumbai: US The minutes of the Federal Reserve did not give a clear indication that the interest rate hike would slow down, and at home, the indication given by the Reserve Bank of India that there will be no further major increase in the interest rate, and the deteriorating relations between Russia and the United States over the Ukraine issue and the rapprochement between China and Russia remain geopolitical tensions. Meanwhile, foreign funds continued to moderate bullish trades on a cautious note as stocks rallied. February's trend in derivatives futures and options (F&O) ended on a soft note today in a two-sided rout. Funds in banking, metal-mining and select auto stocks were undervalued. The Sensex fluctuated in the range of 59406 to 59960 and finally fell by 139.18 points to 59605.80 and the Nifty spot fell in the range of 17455 to 17620 and finally closed by 43.05 points to 17511.25. International crude oil prices remained broadly soft in the evening with Brent crude at $81 per barrel and New York-Nymex crude at $74.45 per barrel.

Consumer index decreased by 360

The BSE Consumer Durables index fell 360.46 points to close at 37514.49 today on profit booking by funds in stocks of consumer durables companies. Sheela Foam fell by Rs.30.45 to Rs.1121.05, Rajesh Exports fell by Rs.16 to Rs.689.40, Blue Star fell by Rs.21.45 to Rs.1430.30, Bajaj Electrical fell by Rs.14.95 to Rs. 1111.20, Titan Company fell by Rs.29.85 to Rs.2394.60.

LG Equipment, TeamCan, ABB declined

In capital goods stocks as well, the BSE Capital Goods Index fell 291.20 points to close at 34369.75 due to profit booking by funds. LG Equipment fell by Rs.13.55 to Rs.448.85, Laxmi Machine Works by Rs.268.40 to Rs.10,850, GMR Airports by Rs.37.55, Teamcan by Rs.46 to Rs.2979, ABB India by Rs. 47.65 decreased to Rs.3124.50, Larsen & Toubro decreased by Rs.30.60 to Rs.2159.80, Bharat Forge decreased by Rs.11.80 to Rs.829.90. While Polycab increased by Rs.62.90 to Rs.3076.25, Honeywell Automation increased by Rs.246.20 to Rs.36466.05.

Selective strengthening in banking stocks

There was selective fund buying in banking-finance stocks today. Axis Bank increased by Rs.12 to Rs.845.15, State Bank of India increased by Rs.4.45 to Rs.520.80, Kotak Mahindra Bank increased by Rs.6.40 to Rs.1707.05, ICICI Bank increased by Rs.1.75 up to Rs.840.10, Equitas Bank up by Rs.5.70 to Rs.69.50, Spandana Sphurti up by Rs.23.55 to Rs.575.05, UCO Bank up by Rs.1 to Rs.25.45, J&K Bank increased by Rs.1.45 to Rs.48.65, Tata Investment increased by Rs.40.25 to Rs.2045.40, PSB increased by Rs.1.60 to Rs.26.75.

Persistent gaps in Adani shares

In the case of Adani Group, after Hindenburg, Forbes, Wikipedia also made allegations, the shares of the group companies were seen hammering again in the initial strength today. Adani Enterprises fell by Rs.21.25 to Rs.1383.60, Adani Port & SEZ rose by Rs.5.25 to Rs.552.10, Adani Power fell by Rs.8.10 to Rs.154.50 in the five per cent lower circuit, Adani Transmission In the five percent lower circuit, it fell by Rs.39.40 to Rs.749.35, Adani Green NG fell by Rs.26.95 in the five percent lower circuit to Rs.512.35, Adani Total Gas fell by Rs.41.70 in the five percent lower circuit to Rs. 793.25, Adani Wilmar fell by 3.97 per cent or Rs.15.50 to Rs.374.85, Ambuja Cements rose by Rs.1.45 to Rs.337, ACC fell by Rs.23.35 to Rs.1729, NDTV fell by Rs. 3.15 decreased to Rs.198.75. Along with this, the combined market capitalization of Adani Group companies fell by Rs.19,850 crore to Rs.7,37,951 crore in one day. Thus, in 21 days, the market capitalization of Adani Group has been washed away by Rs.11,81,937 crore.

Metal index increased by 143 points

Funds in metal-mining stocks were picking today. The BSE Metal Index rose 143.27 points to close at 20205.04. Hindalco rose by Rs.7.05 to Rs.436.65, Coal India by Rs.3.05 to Rs.214.85, Jindal Steel by Rs.7.70 to Rs.581.25, Nalco by Rs.81.95, Tata Steel It was Rs.111.90.

Small, mid-cap stocks in a flurry of rising erosion

At the end of the February trend, the Sensex, Nifty based today continued to soften at the end of the chaos, with small, mid cap, funds in cash stocks, high net worth investors continuing to sell, and the market breadth remained negative. Out of the total 3599 scrips traded in BSE, the number of gainers was 1511 and the number of decliners was 1947.

DII's net purchase of Rs.1586 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs were the net sellers today-Thursday, net selling of shares worth Rs.1417.24 crore in cash segment. A total of Rs.8208.59 crore was sold against a total purchase of Rs.6791.35 crore. While DII-domestic institutional investors made a net purchase of Rs.1586.06 crore. A total of Rs.5424.38 crore was sold against a total purchase of Rs.7010.44 crore.


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