Sensex rose 170 points to 60300

-


MUMBAI: Nifty and Sensex based volatility resumed today ahead of the April trend in futures and options (F&O) ending tomorrow on Thursday. After a weak start to trading in the index based market, the market took a U-turn as foreign funds bought into capital goods, power, automobile, banking-finance, FMCG stocks with short covering. In contrast to the softness in the global markets, Indian stock markets moved into the positive zone as foreign funds revalued stocks against profit booking by local funds. The US On the other hand, activity of foreign funds was seen to decrease due to the doldrums overshadowed by the report showing that the Federal Reserve will raise the interest rate at the next meeting and on the other hand the report of global recession. The international prices of crude oil were also in favor of reduction in the evening, Brent crude was close to 80.56 dollars and Nymax-New York crude was close to 77.24 dollars. In the global markets, the Dow Jones index fell by 344 points and the Nasdaq index by 238 points. The rupee strengthened by 15 paise against the US dollar today to close at 81.76.

Siemens rose by Rs.119, ABB rose by Rs.58

In capital goods stocks today, the BSE Capital Goods Index rose 353.74 points to close at 35849.56 as funds continued to buy frontline stocks. The stock gained Rs 27.20 to Rs 2,275 on reports that Larsen & Toubro had emerged as the lowest bidder for the construction of twin tunnels between Thane and Borivali and that the order for the project was worth Rs 15,000 crore. Siemens rose by Rs.119.30 to Rs.3448.80, ABB India rose by Rs.58.60 to Rs.3395.55, Grindwell Norton rose by Rs.28.50 to Rs.1865.30, Bharat Forge rose by Rs.8.95 to Rs. .792.35, AIA Engineering increased by Rs.27.05 to Rs.2717.20, Polycab increased by Rs.25.75 to Rs.3176.95, Teamcan increased by Rs.18.95 to Rs.2939, CG Power increased by Rs.2.05 increased to Rs.308.40. Along with this, NHPC increased by Rs.2.19 to Rs.44.34, Adani Power increased by Rs.5.30 to Rs.211.05, Power Grid Corp increased by Rs.5.80 to Rs.238.55.

Continued attraction in auto stocks

Funds remained attractive with good performance from automobile companies, relief from fall in crude oil prices, good growth in vehicle sales. Maruti Suzuki gained Rs 21.85 to Rs 8,503.15 with dividend of Rs 90 per share, Motherson Samvardhan rose Rs 1.18 to Rs 52.45, TVS Motor rose Rs 16.05 to Rs 1,127.60. , Eicher Motors increased by Rs.33 to Rs.3250.55, Tata Motors increased by Rs.4.75 to Rs.478.05, Bosch increased by Rs.152.60 to Rs.18,939.25, MRF increased by Rs.702.90 to Rs. .87,230.05, Cummins India rose by Rs.9.70 to Rs.1565.15.

Growing attraction in banking stocks

The BSE Bankex index rose 180.88 points to close at 48,602.30 as funds continued to remain a favorite among banking-finance stocks. IndusInd Bank increased by Rs.16.70 to Rs.1138.20, Federal Bank increased by Rs.1.70 to Rs.135, Axis Bank increased by Rs.9.45 to Rs.887.80, State Bank of India increased by Rs.4.65 Rs.566.30, HDFC Bank increased by Rs.8.60 to Rs.1672.20. Along with this, Daulat Algotech increased by Rs.3.75 to Rs.51.45, IIFL Finance increased by Rs.14 to Rs.474.05, Advlaize increased by Rs.1.45 to Rs.58.14, JK Bank increased by Rs.1.16 to Rs. .53.33, Crisil rose by Rs.70.60 to Rs.3467.

DII's net sale in cash was Rs.227.88 crore

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) made a net purchase of Rs.7813.62 crore worth of stocks in the cash segment today on Wednesday. A total of Rs.6556.14 crore was sold against a total purchase of Rs.7813.62 crore. While DII-domestic institutional investors made a net sale of Rs.227.88 crore. A total of Rs.5448.11 crore was sold against a total purchase of Rs.5220.23 crore.


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