Sensex jumped 401 points to 60056

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MUMBAI: After IT companies in the quarter ending March 2023 season of corporate results, with encouraging results from Reliance Industries and ICICI Bank last weekend, the buyback season for stocks has now begun. IT giant Wipro's decision to consider a buyback led local funds to rally today, led by IT, Reliance, banking stocks. China's controversial statement on the autonomy of former Soviet Union countries amid fears of rising geopolitical tension, domestically Wipro decided to consider buyback with April 27 results against caution in global markets, funds rose today, buying IT, banking, Reliance Industries stocks and consumer stocks including Titan. Sensex rose 401.04 points to close at 60056.10 and Nifty spot rose 119.35 points to close at 17743.40 amid gains in durables and metal-mining stocks. The Indian rupee also strengthened by 19 paise to 81.90 against the US dollar as the investment flow of funds resumed. International crude oil prices remained soft in the evening with Brent crude at $81.38 per barrel and Nymax-New York crude at $77.70.

Wipro buyback on 27th shares up by Rs.10: Persistent up by Rs.173, Oracle up by Rs.96, Birlasoft up by Rs.9

In IT-software services, technology stocks today, funds resumed buying led by Wipro. Shares rose by Rs 9.90 to Rs 377.90 after Wipro Ltd announced that it is considering a share buyback proposal with its quarterly results on April 27. Persistent System increased by Rs.173.55 to Rs.4472, Birlasoft increased by Rs.8.75 to Rs.265.40, Sasken Tech increased by Rs.26.10 to Rs.829.50, Oracle Finserv increased by Rs.96.20 to Rs.3407. .35, Tanla Platforms rose by Rs.11.60 to Rs.637.05, Coforge rose by Rs.65.55 to Rs.3893.20, Tech Mahindra rose by Rs.7.55 to Rs.1005.85, TCS rose by Rs.12.50 increased to Rs.3174.15.

Bankex rises 629: ICICI results up Rs 20 to Rs 905: BOB, State Bank rise

In banking-finance stocks today, funds gained by Rs 20.45 to Rs 904.65 on the back of ICICI Bank's encouraging quarter. Bank of Baroda increased by Rs.3.85 to Rs.180.20, Axis Bank increased by Rs.18.70 to Rs.882.45, State Bank of India increased by Rs.11.60 to Rs.554.55, HDFC Bank increased by Rs.14 .65 increased to Rs.1688.45. The BSE Bankex index rose 628.90 points to close at 48400.81. While Max Ventures increased by Rs 16.90 to Rs 188.05, Bank of Maharashtra's quarterly net profit increased by 135 percent to Rs 340 crore, shares rose by Rs 2.27 to Rs 30.08, Nahar Capital rose by Rs 21.20. 296.70, HDFC Life increased by Rs.34.20 to Rs.547.50, Caffeine Tech increased by Rs.12.85 to Rs.309.95, Indian Bank increased by Rs.10.55 to Rs.312.30, Crisil Rs. .107.25 increased to Rs.3378.50.

Consumer Index jumps by 367 points: Titan rises by Rs.59: Blue Star rises by Rs.33 to Rs.1514

Consumer durables stocks were the pickiest pick today especially jewelery stocks. Titan Company rose by Rs 59.30 to Rs 2,627.65 on reports of good response to jewelery demand from the Gulf region. Blue Star rose by Rs.33.05 to Rs.1513.60, Aditya Birla Fashion rose by Rs.3.40 to Rs.223.05, Amber Enterprises rose by Rs.27.60 to Rs.1869.95. BSE Consumer Durables Index 366 .70 points increased to close at 38758.42.

Net sale of Rs.412 crore in cash of Khainj/Khainain : Net purchase of Rs.1177 crore in Khainain

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold net shares worth Rs.412.27 crore in cash segment today-Monday. A total of Rs.6631.07 crore was sold against a total purchase of Rs.6218.80 crore. While DII-domestic institutional investors made a net purchase of Rs.1177.18 crore. A total of Rs.4961.46 crore was sold against a total purchase of Rs.6138.64 crore.

Investors' asset-market capitalization increased by Rs.1.35 lakh crore to Rs.266.32 lakh crore.

Investors' wealth i.e. aggregate market capitalization of BSE listed companies increased by Rs 1.35 lakh crore to Rs 266.32 lakh crore in a single day today due to extensive buying in stocks.


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