Sensex rose 140 points to 58215
MUMBAI: Expectations of no hike in interest rates ahead of the US Federal Reserve's meeting decision and signs of an easing of the crisis following UBS's acquisition of Credit Suisse following the global banking crisis and UBS' offer to buyback credit-risk bonds as credit surges eased investor anxiety today. Along with the global markets, Indian stock markets rose for the second day in a row. Of course, Prime Minister Narendra Modi called an important meeting and started an intensive effort to control the situation regarding the alarming increase in Corona cases in India. Funds rose today, led by healthcare stocks, as a sign of increasing business opportunities in the healthcare-pharmaceuticals sector. Along with this, as the erosion in IT stocks stopped and automobile, FMCG, oil-gas, banking stocks remained attractive, Sensex increased by 139.91 points to 58214.59 and Nifty spot increased by 44.40 points to close at 17151.90. The international prices of crude oil continued to fluctuate narrowly in the evening, with Brent crude hitting $75 and New York-Nymex crude hitting close to $69.45.
Krishna Diagnostics, Gujarat Themis, Haikal, Vimata rise in healthcare stocks as Corona raises its head
With increasing concern over the increase in Corona cases in India, demand in the healthcare sector, expectations of business growth, there was a boom in the stocks of healthcare and pharmaceutical companies today. Krishna Diagnostic rose by Rs.42.10 to Rs.450.75, Gujarat Themis by Rs.60.55 to Rs.721.05, Vimta Labs by Rs.16.45 to Rs.332.40, Hikal by Rs.14.45 to Rs. .308, Venus Remedies by Rs.7.15 to Rs.169.75, Stride Pharma by Rs.11.60 to Rs.284.90, Dishman Carbogen by Rs.5.40 to Rs.138.10, Poly Medicure by Rs.36 .45 increased to Rs.965.05, Healthcare Global increased by Rs.8.05 to Rs.267.20, Alchem Lab increased by Rs.89.05 to Rs.3199.10, Dr. Lal Pathlab increased by Rs.48.80 to Rs.1828 .40, Procter & Gamble rose by Rs.109.05 to Rs.4935. The BSE Healthcare Index rose 178.94 points to close at 21627.94.
Auto stocks rebound: Ashok Leyland, Balakrishnan, MRF, Tata Motors, Mahindra gain
BSE Auto Index rose 111.94 points to close at 28102.38 as funds showed a selective rally in automobile stocks today. Ashok Leyland increased by Rs.3.30 to Rs.138.70, Balakrishna Industries increased by Rs.29.35 to Rs.1995, Uno Minda increased by Rs.4.50 to Rs.455.45, Tata Motors increased by Rs.3.65 to Rs. 416.05, Bajaj Auto increased by Rs.17.55 to Rs.3924, Eicher Motors increased by Rs.12.15 to Rs.2946.50, Maruti Suzuki increased by Rs.23.45 to Rs.8251.70.
Valuing lower in IT stocks: Black Box, Signity, Datamatics, Emudra, KPIT rose
IT-software services, technology companies, despite the estimates of the impact on the business of the banking crisis in America, Europe, this impact was limited despite the reports that the selection of funds was being taken in IT stocks. Black Box rose by Rs.9.60 to Rs.94.05, Brightcom Group rose by Rs.1.18 to Rs.20.26, Signity Tech rose by Rs.37.60 to Rs.782.45, Datamatics Global rose by Rs.7.75. 295.25, Imudra up by Rs.5.95 to Rs.233, KPIT Tech up by Rs.17.05 to Rs.894.10, Sasken Tech up by Rs.13 to Rs.807.40, Ramco System by Rs.3.25 increased by Rs.212.10, TCS increased by Rs.24.80 to Rs.313.70.
Funds, players surge in small, mid-cap stocks before end of March: 1984 stocks positive
As recovery progressed in the global markets, Sensex, Nifty based continued to rise, before the end of March the market breadth remained positive as funds, players continued to increase their purchases in small, mid cap, cash stocks. Out of total 3631 scrips traded in BSE, the number of gainers was 1984 and decliners were 1523.
FPI/FII's net purchase in cash of Rs.62 crore : DII's net purchase in cash of Rs.384 crore
Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs made a net purchase of Rs.61.72 crore worth of shares in the cash segment today-Wednesday. A total of Rs.6097.83 crore was sold against a total purchase of Rs.56159.55 crore. While DII-made a net purchase of Rs.383.51 crore from domestic institutional investors. A total of Rs.4371.88 crore was sold against a total purchase of Rs.4755.39 crore.
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