Sensex jumped 463 points to 61112

-


Mumbai: Today Nifty again crossed 18000 level and Sensex crossed 61000 level again as Foreign Portfolio Investors (FPIs), FIIs started buying again in the Indian stock markets. On the final day of the week, small, mid-cap stocks led by aggressive buying by index-based funds in capital goods, power, IT-software services, technology stocks as well as healthcare, auto stocks. With the corporate results season, companies are announcing higher dividends to shareholders and share buybacks, there is a broad buying trend in stocks. Along with foreign funds, local funds were also net buyers in the stocks. On the global front, US stock markets rallied yesterday, with signs of focus on economic growth, economic reforms, and recovery in Europe, America, improving sentiments in global markets, boosting the local markets. International prices of crude oil rose again this evening with Brent crude at $78.96 and Nymax-New York crude at $75.01. The Sensex jumped 463.06 points to 61112.44 and the Nifty spot rose 149.95 points to close at 18065.

Buyback in Wipro boosted interest

In the IT-software services, technology stocks today, the results of companies including Coforge, along with the announcement of buyback of Rs 12,000 crore shares in Wipro Ltd at Rs 445 per share saw massive buying by funds. Wipro rose by Rs.10.80 to Rs.385.15, Coforge's revenue crossed the $1 billion mark, shares rose by Rs.119.35 to Rs.4169.75, LTI Mindtree rose by Rs.99 to Rs.4419.30, Datamatics Global rose by Rs.29. .55 up to Rs.345.20, Cybertech up by Rs.7.33 to Rs.126.80, D-Link India up by Rs.13.45 to Rs.273, Sasken Tech up by Rs.33.65 to Rs.899.80, Persistent rose by Rs.138.05 to Rs.4722, Tech Mahindra rose by Rs.19.55 to Rs.1023.75 despite weak results, Oracle Finserv rose by Rs.66.85 to Rs.3563.85, L&T Technology rose by Rs.45. 50 increased to Rs.3774.85, TCS increased by Rs.28.90 to Rs.3216, Tata Alexi increased by Rs.59.85 to Rs.6641.45. The BSE IT index rose 284.02 points to close at 27503.49.

Sustained rally in auto stocks

Stocks of automobile companies continued to attract funds. Overall good results of companies in the March quarter, along with overall low crude oil prices and encouraging data on vehicle purchases, were buying in stocks. Ashok Leyland rose by Rs.3.80 to Rs.145.95, Tube Investment rose by Rs.50.80 to Rs.2580.05, Hero Motocorp rose by Rs.45.80 to Rs.2555.25, MRF rose by Rs.1567.65 to Rs. .88,964, Bosch rose by Rs.233.15 to Rs.19,339.75, Tata Motors rose by Rs.3.65 to Rs.485.15, Maruti Suzuki rose by Rs.48.15 to Rs.8589.90, Bajaj Auto It increased by Rs.22.15 to Rs.4429.45.

Purchase of Rs.3304 Crores in Khainj/Khainain Cash

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs made a net purchase of Rs.3304.32 crore worth of shares in the cash segment today-Friday. A total of Rs.10,272.97 crore was sold against a total purchase of Rs.13,577.29 crore. While DII-domestic institutional investors made a net purchase of Rs.264.27 crore. A total of Rs.6054.94 crore was sold against a total purchase of Rs.6319.21 crore.

Investors' wealth increased by Rs.1.77 lakh crore

In the stocks today, at the end of the week, with the group buying small, mid-cap, cash stocks, the wealth of investors means the aggregate market capitalization of companies listed in BSE has increased by Rs. 1.77 lakh crore to Rs. 271.82 lakh crore in a day.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more