Sensex fell 40 points to 57614

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MUMBAI: Indian stock markets today saw a two-way rout as expected on an index-based basis, with the global markets ending the extravagance as the banking crisis eases in the US and Europe. The Sensex, Nifty based fluctuating moves ended with a modest softening in a number of small, mid cap, cash stocks with continuous fresh gaps. Of course, Foreign Portfolio Investors (FPIs) bought net shares worth Rs.1531 crore from net selling in stocks today. While local funds became net sellers. In the cash segment of the financial year 2022-23 in the stock markets, tomorrow i.e. Wednesday, March 29 is the last day, so the investors, funds, to take stock of the stocks which are suffering losses in the last minute, the erosion in the stocks increased than selling today. Against recovery in banking-finance stocks, IT-software services, technology stocks, automobiles, capital goods, oil-gas stocks were selling. Sensex fell in the range of 57950 to 57494 and finally fell by 40.14 points to 57613.72 and Nifty spot fell in the range of 17062 to 16913 and finally fell by 34 points to close at 16951.70.

Markets will be closed on Thursday, March 30 on the occasion of Ram Navami: Chances of major upheaval at the end of the trend today

On a T Plus One basis, tomorrow, Wednesday, will be the last trading day for the financial year 2022-23 in the cash segment. The stock markets will be closed on the festival of Ram Navami on Thursday, March 30. March trend in F&O will also end tomorrow on March 29. So before the end of the trend the funds called the index based expected two-way crash today. The trend is showing the possibility of causing a big upheaval even on the last day. Stocks of Adani group companies were gapped today due to renewed offloading.

IT index falls by 237 points: 3I Infotech, Control Print, Kelton, Black Box fall

Due to the banking instability of America and Europe, there was an offloading of funds in IT stocks today, as the challenge of getting new business in IT-software services, technology sector will increase in the coming days. The BSE IT index lost 237.04 points to close at 27539.93. 3I Infotech fell by Rs.1.85 to Rs.26.45, Control Print by Rs.34.55 to fall to Rs.501.05, Cressanda Solutions by Rs.1.14 to fall to Rs.21.83, Kelton Techno by Rs.2.20 Rs.44.01, Black Box by Rs.4.35 to Rs.90.50, Nucleus Software by Rs.25.50 to Rs.615.45, Mastech by Rs.58.10 to Rs.1484.90, Ramco Systems by Rs. .7.05 down to Rs.196.20, Emphasis down by Rs.54.95 to Rs.1669.10, Tech Mahindra down by Rs.31.95 to Rs.2070.25, Rate Gain Travel down by Rs.9.65 to Rs.3165 , Nelco fell by Rs.14.20 to Rs.489.90, Datamatics Global fell by Rs.7.20 to Rs.273.45, L&T Technology fell by Rs.66.35 to Rs.3310.90, Wipro by Rs.5.05 It fell to Rs.356.30, HCL Technology fell by Rs.13.30 to Rs.1040.40.

Continued widespread erosion in small, mid-cap, cash stocks: Marketbreadth negative: 2560 stocks closed negative

With March trend coming to an end, the financial year 2022-23 is now coming to an end, Wednesday will be the last trading day of the financial year in the cash segment, Sensex, Nifty based rise for the second day in a row with shocks as small, mid cap, funds in cash stocks, high net worth investors sell heavily to take losses. The market breadth was extremely poor. Out of total 3644 scrips traded in BSE, the number of gainers was 991 and decliners were 2560.

FPI/FII's net purchase of Rs.1531 crore in cash : DII's net sale of Rs.156 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs made a net purchase of Rs.1531.13 crore worth of shares in cash segment today-Tuesday. A total of Rs.5524.12 crore was sold against a total purchase of Rs.7055.25 crore. While DII-domestic institutional investors made a net sale of Rs.156.11 crore. A total of Rs.4794.02 crore was sold against a total purchase of Rs.4637.91 crore.

Investors' wealth fell by Rs 1.65 lakh crore to Rs 251.94 lakh crore in a single day

For the second day in a row, the Sensex, Nifty based rose with shocks, many small, mid cap, funds in cash stocks, investors offloading the assets of investors in BSE listed companies i.e. aggregate market capitalization fell by Rs 1.65 lakh crore to Rs 251.94 crore in a single day today. Lakh crore was left.

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