Sensex jumped 446 points to 58075

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Mumbai: Funds rose again today on the back of recovery in global markets. As a result of the collapse of 11 banks in the last 11 days in America, Europe, after the big crisis created behind the shares of banking and finance companies in the global stock markets, investors bet to withdraw their investments due to this whirlwind, with the big upheaval in the bond market. Banking stocks led the rally as foreign funds short covered and local funds bought heavily. In the European markets, Deutsche Bank, Commerzbank, etc. led by the stocks of the banks rose, with the recovery in the American markets yesterday, the markets of the Asian countries showed a rapid improvement today. After the improvement of 382 points of Dow Jones in the American markets, there was a universal boom in the markets of Asia and Europe today. Banking, finance stocks along with consumer durables, capital goods stocks saw the Sensex touch the 58,000 level again, rising by 445.73 points to 58,074.68 and the Nifty spot by 119.10 points to 17,107.50.

Bankex rises 582 points: BOB, Axis Bank, ICICI, HDFC Bank rise

In banking-finance stocks, global markets took off today with short covering of funds. The BSE Bankex index rose 581.79 points to close at 45258.38. Bank of Baroda increased by Rs.4.35 to Rs.163.05, Axis Bank increased by Rs.17.95 to Rs.855.15, IndusInd Bank increased by Rs.19.40 to Rs.1021.75, ICICI Bank increased by Rs.15.85 increased by Rs.852.35, HDFC Bank increased by Rs.18.30 to Rs.1579.40, Kotak Mahindra Bank increased by Rs.10.55 to Rs.1710, State Bank of India increased by Rs.2.65 to Rs.521.75 were

CSB Bank rose by Rs.20 to Rs.245: Caffeine rose by Rs.20, Prudent rose by Rs.50, UTI AMC rose by Rs.32.

Funds in finance and other banking stocks were bullish. CSB Bank rose by Rs.20.25 to Rs.245.55, Caffeine Tech by Rs.19.80 to Rs.292.40, Prudent Advisor by Rs.49.55 to Rs.831.50, Ujjivan Small by Rs.1.17 24.25, UTI AMC increased by Rs.31.75 to Rs.669.25, HDFC AMC increased by Rs.81.80 to Rs.1764.80, New India Assurance increased by Rs.4.80 to Rs.104.60, One 97 Paytm increased by Rs.25.15 to Rs.584.40, Credit Access increased by Rs.37.70 to Rs.950.15, HDFC Life increased by Rs.17.40 to Rs.482.70, DCB Bank increased by Rs.3.70 104.95, Bajaj Finance increased by Rs.163.40 to Rs.5714, SBI Life Insurance increased by Rs.22.45 to Rs.1096.15.

Reliance bounces back from 52-week low at Jeffery's target of Rs 3,100: up by Rs 68 to Rs 2,270

Shares of Reliance Industries rebounded from its 52-week low of Rs 2,180, gaining Rs 68.45 to Rs 2,269.70 amid valuing buying reports by funds, broking houses. Valuing has indicated a target of Rs 3,100 for the stock with foreign broking giant Jeffery citing the company's new business.

Consumer index rises 587 points: CG Consumer, Havells, Titan, Bajaj Electrical rise

The BSE Consumer Durables Index jumped 587.81 points to close at 38062.89 as funds rose again in the stocks of consumer durables companies today. CG Consumer increased by Rs.11 to Rs.292.15, Havells India increased by Rs.28.15 to Rs.1200.50, Titan Company increased by Rs.52.85 to Rs.2514, Aditya Birla Fashion increased by Rs.2.20 to Rs.217 .80, Whirlpool rose by Rs.9.90 to Rs.1342.05.

Stocks wash down as IT companies hit US, banking business in Europe

Funds booked profits due to short-term challenges of IT-software services, technology companies getting new IT business from the banking crisis in America, Europe. L&T Technology fell by Rs.95.45 to Rs.3425.65, Tanla Platforms fell by Rs.10.25 to Rs.563.60, Emphases rose by Rs.31.80 to Rs.1792.60, Persistent Systems by Rs.58.60 It fell to Rs.4489.35, Oracle Finserv fell by Rs.41.75 to Rs.3188, TCS fell by Rs.35.30 to Rs.3105.90, Infosys fell by Rs.12.75 to Rs.1391.05.

Widespread valuing of funds on reduced attractiveness in small, mid-cap stocks: 1978 stocks close positive

Market breadth turned from negative to positive as Sensex, Nifty based bullish with small, mid cap, funds in cash stocks, high net worth investors again becoming buyers due to improvement in global markets. Out of total 3648 scrips traded in BSE, the number of gainers was 1978 and decliners were 1550.

Net sale of Rs.1454 crore in cash of Khainj/Khainain : Net purchase of Rs.1946 crore of Khainain

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold net shares worth Rs.1454.63 crore in the cash segment today-Tuesday. A total of Rs.7355.27 crore was sold against a total purchase of Rs.5900.64 crore. While DII-local institutional investors made a net purchase of Rs.1946.06 crore. A total of Rs.5682.16 crore was sold against a total purchase of Rs.7628.22 crore.

Investors' wealth increased by Rs 1.46 lakh crore to Rs 256.89 lakh crore in a single day

With the end of Sensex, Nifty based corrections today, there was widespread valuation of funds in many small, mid cap, cash stocks, the investor wealth in BSE listed companies i.e. aggregate market capitalization increased by Rs 1.46 lakh crore to Rs 256.89 lakh crore in a single day today. was gone


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