Sensex surged 492 points to end up 127 points at 57654.

Mumbai: The March trend in futures and options (F&O) ended on Wednesday in the current week and the financial year 2023 is about to end today, as funds, investors started a massive exercise of booking losses in book stocks in the last few days, wide gaps were created in small, mid cap stocks. Against this, funds in frontline, index-based stocks led by Reliance Industries made selective purchases in FMCG, pharmaceuticals, metal-mining, banking stocks and other frontline stocks attracted initially Sensex, Nifty-based markets were bullish. The Sensex initially rose 492.45 points to touch 58019.55. But the Sensex ended near 57560, with banking-finance stocks and automobile stocks selling off on heightened caution as reports of a crisis at German giant Deutsche Bank followed by Credit Suisse in Europe, followed by reports of US Silicon Valley bank Lono buying First Citizen Bank. Which finally increased by 126.76 points to close at 57653.86. While the Nifty spot also rose by 105.30 points to reach 17091 at the beginning and then broke down to close to 16950 and finally increased by 40.65 points to close at 16985.70.

Pharma stocks rise on resurgence of Corona: Vijaya Diagnostics, Morpan Lab., Biocon, Lupin rise

As the cases of Corona increased again in the country, as a result of the cases, business opportunities in the healthcare-pharmaceuticals sector were expected to increase. The BSE Healthcare Index rose 158.33 points to close at 21718.35. Vijaya Diagnostic rose by Rs.56.20 to Rs.441.20, Morpen Lab by Rs.1.97 to Rs.26.40, Biocon by Rs.7.60 to Rs.206.40, Lupine by Rs.19.35 to Rs. 659.10, Glenmark up by Rs.12.45 to Rs.438.10, Jagsonpal Pharma up by Rs.7.50 to Rs.300, Alchem ​​Lab up by Rs.73.70 to Rs.3225.10, Indoco Remedies by Rs.7.40 to Rs.335, Nataco Pharma rose by Rs.11.85 to Rs.548.30, Metropolis Lab rose by Rs.26.40 to Rs.1228.05, Cipla rose by Rs.12.45 to Rs.889.45, Abbott India rose by Rs. 271.90 increased to Rs.21,411.35.

Shares gain Rs 34 to Rs 2,238 as Reliance faces stiff competition in soft drink business

Funds were buying shares today as Reliance Industries with its cola brand entered the soft drink business and expected big growth in Reliance Retail, Consumer business in the coming days. The share rose by Rs.34 to Rs.2237.50. Along with this, among other FMCG stocks, Globus Spirits rose by Rs.20.40 to Rs.786.60, Sukhjit Starch rose by Rs.7.15 to Rs.378.80, Godrej Consumer rose by Rs.9.40 to Rs.962, Dabur India rose by Rs.4. .85 increased to Rs.541.10, Hindustan Unilever increased by Rs.16.70 to Rs.2497.20, ITC increased by Rs.1.50 to Rs.380.20.

Automobile stocks retreat: Tube Investments, Ashok Leyland, Balakrishnan Ind., Cummins fall

Shares of automobile companies were soft today amid whispers of a global recession. Tube Investments fell by Rs.65.95 to Rs.2490, Ashok Leyland fell by Rs.3.25 to Rs.134.35, Balkrishna Industries fell by Rs.32.20 to Rs.1933.70, Cummins India fell by Rs.26.20 to Rs. 1595.35, Tata Motors fell by Rs.4.40 to Rs.411.85, Mahindra & Mahindra fell by Rs.10.65 to Rs.1139.55, Eicher Motors fell by Rs.22.80 to Rs.2886.15, Bajaj Auto fell by Rs. .19.55 decreased to Rs.3806.10. The BSE Auto Index closed down 181.49 points at 27724.10.

Capital goods stocks fall: LG Equipment, Thermax, Laxmi Machines, Honeywell Automation decline

Funds in capital goods stocks were also selling today. LG Equipment fell by Rs.23 to Rs.444.85, Praj Industries by Rs.15.30 to Rs.309.15, SKF India by Rs.114.55 to Rs.4079, Thermax by Rs.51.45 to Rs.2189.95. , Lakshmi Machine Works fell by Rs.225.05 to Rs.10,066, Polycab fell by Rs.42.95 to Rs.3291.20, Teamcan fell by Rs.35 to Rs.2759.15, Bharat Forge fell by Rs.8.40 to Rs. 756, Larsen & Toubro fell by Rs.9.45 to Rs.2153.65.

Gaps in small, mid-cap stocks at the end of the year: Offloading to book losses: 2771 stocks closed negative

With the end of the March trend, the financial year 2022-23 is coming to an end and the market breadth was extremely poor with Sensex, Nifty based bullish with shocks, small, mid cap, funds in cash stocks, high net worth investors selling massively to take losses. Out of the total 3788 scrips traded in BSE, the number of gainers decreased to only 881 and the number of decliners increased to 2771.

FPI/FII's net sale of Rs.891 crore in cash : DII's net purchase of Rs.1809 crore

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold net shares worth Rs.890.64 crore in cash segment today-Monday. A total of Rs.5774 crore was sold against a total purchase of Rs.4883.36 crore. While DII-made a net purchase of Rs.1808.94 crore from local institutional investors. A total of Rs.3566.69 crore was sold against a total purchase of Rs.5375.63 crore.

Investors' wealth in stocks fell by Rs 1.04 lakh crore to Rs 253.59 lakh crore in a day.

At the start of the week, Sensex, Nifty based bounced with shocks in many small, mid-cap, funds in cash stocks, investors' wealth in BSE-listed companies i.e. aggregate market capitalization fell by Rs.1.04 lakh crore to Rs.253.59 in a single day. Lakh crore was left.

European markets recover in the evening: Asia softens

European markets saw a recovery today after assurances from the German chancellor sent shockwaves after Credit Suisse's talk of the Deutsche Bank crisis hit a report late last week that the risk of an insurance default on German giant Deutsche Bank hit a five-year high. While Asian markets were softening. In the markets of European countries, the Futsi 100 index of the London stock market showed an improvement of 70 points, the Dex of Germany showed an improvement of 200 points and the Keck 40 index of France showed an improvement of 80 points. While in the markets of Asia-Pacific countries, Japan's Nikkei 225 index improved by 92 points and Hong Kong's Hang Seng showed a decrease of 348 points.