Sensex falls 289 points to 57925 after volatility of 1500 points

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Mumbai: US Futures and Options (F&O) indices ended the March trend in Indian stock markets today with the Federal Reserve raising interest rates by 0.25 per cent despite the recent banking crisis in the US and easing global markets signaling higher interest rates. A softening was observed at the end of the based major upheaval. Funds, experts today traded bullish on two-way extraordinary volatility away from fresh buying in stocks as US-based short seller Hindenburg Research announced a new explosive report by US-based short-seller Hindenburg Research, which sent a major shock to Indian stock markets in the past few days with an explosive negative report on Adani Group by the Federal Reserve. was eased. Big offloading in IT, software services, Reliance followed banking-finance stocks on cue from the Federal Reserve. While the FMCG, automobile stocks saw an attractive recovery. Sensex initially fell by 375.74 points to reach a low of 57838.85 in a quick recovery, recovered 557.32 points from the top to reach a high of 58396.17 and then rebounded by 525 points from the top to close at 57875 at a low of 289.31 points to close at 57925.28. had been Thus, volatility of 1500 points was seen in Sensex today. While Nifty also fluctuated between 17045 and 17205 in volatility of more than 400 points and finally closed down by 75 points at 17076.90.

Bankex lost 417 points: Bank of Baroda, AU Bank, State Bank, Kotak Bank, IndusInd, Federal declined

Funds in banking-finance stocks today in the U.S. The sell-off was on the back of the Federal Reserve's interest rate hike. Bank of Baroda fell by Rs.4.75 to Rs.162.70, AU Small Finance Bank fell by Rs.10.50 to Rs.569.10, State Bank of India fell by Rs.8.80 to Rs.512.70, Federal Bank fell by Rs. .1.95 down to Rs.127.05, Kotak Mahindra Bank down by Rs.25.45 to Rs.1679.15, IndusInd Bank down by Rs.13.15 to Rs.1018.10, HDFC Bank down by Rs.12.65 to Rs. 1562.65, ICICI Bank fell by Rs.4 to Rs.855.90. The BSE Bankex index closed down 416.95 points at 44907.17.

US sell-off in IT stocks: Black Box, Signity, Imudra, Calton, Latent View tumbled

IT-Software Services, technology stocks were again selling behind America today. Funds moderated bullish trade on expectations of weak March-end results from IT companies. Black Box fell by Rs.6.45 to Rs.87.70, Signity Tech fell by Rs.31.65 to Rs.755, Imudra fell by Rs.9.10 to Rs.223.05, Kelton Tech fell by Rs.1.33 to Rs.48. .14, Latent View fell by Rs.8.30 to Rs.342.50, Tanla Platforms fell by Rs.12 to Rs.555.80, Mastech fell by Rs.32.55 to Rs.1543.05, HCL Technology fell by Rs.15.15 Rs.1066.05, Wipro fell by Rs.4.90 to Rs.361.55, Infosys fell by Rs.14.95 to Rs.1374.50. The BSE IT index fell by 226.20 points to close at 27820.99.

Selective rally in auto stocks as vehicle prices rise: Cummins, Maruti Suzuki, Tata Motors, Hero rise

Funds were being taken in stocks of automobile companies today. Maruti Suzuki, Tata Motors, Hero MotoCorp among others were attracted by the estimates of increased profitability due to increase in vehicle prices. Maruti Suzuki increased by Rs.87.95 to Rs.8339.65, Tata Motors increased by Rs.3.05 to Rs.419.10, Hero Motocorp increased by Rs.7.50 to Rs.2361.60, Cummins India increased by Rs.20.80 It was Rs.1633.15.

Small, mid-cap, funds in cash stocks, broad selling of players: 2137 stocks closed negative

Sensex, Nifty based again fell with small, mid cap, funds in cash stocks, high net worth investors again selling, market breadth turned negative again from positive. Out of the total 3634 scrips traded in BSE, the number of gainers decreased to 1379 and the number of decliners increased to 2137.

Net sales of Rs.995 crore in cash of Khainj/Khainain : Net purchase of Rs.1669 crore in Ghana

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold net shares worth Rs.995.01 crore in cash segment today-Thursday. A total of Rs.6934.88 crore was sold against a total purchase of Rs.5939.87 crore. While DII-domestic institutional investors made a net purchase of Rs.1668.85 crore. A total of Rs.4516.26 crore was sold against a total purchase of Rs.6185.11 crore.

The wealth of investors in stocks fell by Rs.85 thousand crores to Rs.257.12 lakh crores in a single day

Sensex, Nifty based weakness along with many small, mid cap, funds in cash stocks, large selling again by players, investor wealth in BSE listed companies i.e. aggregate market capitalization fell by Rs.85 thousand crore to Rs.257.12 lakh crore in a single day today. was


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