Sensex rose 75 points to 60130

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Embarrassment among traders ahead of end of April trend with dullness in global markets

MUMBAI: Despite overall encouraging results in the fourth quarter season of corporate results ending March 2023, the markets have been subdued for several days. Traders were seen feeling jittery ahead of the settlement of the monthly April trend in F&O this week on Thursday. In the banking sector, players wary of the banking crisis in America and Europe were confiding that the boom in banking stocks in Indian stock markets was missed in the panic. The domestic market also saw a marginal improvement at the end of a narrow two-way swing as a result of the uncertain two-way moves currently hitting the global front. After the news of the buyback of Wipro's shares in the Indian stock markets yesterday and ICICI Bank's results in the banking sector saw a boom, today the funds kept the market in the zone of index based bullishness by taking in selected finance sero including Bajaj Finance, Bajaj Finserv and oil-gas, capital goods stocks. International crude oil prices remained in narrow range with Brent crude oil trading at $82.23 per barrel and Nymax crude oil at $78.26 per barrel in the evening. Today, the rupee weakened by 1 paise against the US dollar and was close to 81.91.

In finance stocks, Bajaj Fi. Rs.141, JSW Holding Rs.514, Max Ventures rose Rs.11

In finance stocks, funds bought heavily in choice today. JSW Holdings rose by Rs 514.25 to Rs 4475.10, Max Ventures rose by Rs 11.05 to Rs 197.60, Religare Enterprises rose by Rs 8.45 to Rs 159, Tamil Nadu Mercantile rose by Rs 20.70 on the results. 429, HUDCO increased by Rs.1.88 to Rs.48.72, PNB Housing Finance increased by Rs.15 to Rs.444.30, Bajaj Finance increased by Rs.140.95 to Rs.6074, Bajaj Finserv increased by Rs.26.80. 1345.95, the Muthut cap increased by Rs.6.85 to Rs.283. While HDFC Life fell by Rs.17.40 to Rs.530.10, Prudent Advisors fell by Rs.35.65 to Rs.880.85, UTI AMC fell by Rs.9.70 to Rs.661.25, HDFC Ltd. fell by Rs.32 .05 decreased to Rs.2755.75, HDFC AMC decreased by Rs.13.05 to Rs.1765.90, HDFC Bank decreased by Rs.24.85 to Rs.1663.60. Bank of Baroda rose by Rs.3.95 to Rs.184.15, IndusInd Bank rose by Rs.19.45 to Rs.1121.50, ICICI Bank rose by Rs.8.45 to Rs.913.10, State Bank of India rose by Rs. .7.10 increased to Rs.561.65.

Profit booking in consumer stocks: CG Consumer Rs.35, Blue Star Rs.33, Dixon Rs.32 down

Consumer durables companies stocks were also sold by funds today. CG Consumer fell by Rs.34.65 to Rs.259.70, Blue Star fell by Rs.33 to Rs.1480.60, Amber Enterprises fell by Rs.21.70 to Rs.1840, Dixon Technology fell by Rs.32.45 to Rs.2862. 35, Aditya Birla Fashion fell by Rs.2.25 to Rs.220.80.

ABB jumps Rs 118 to Rs 3337: Funds in Siemens, Carborundum, CG Power, Larsen

Capital goods stocks were also picky today. ABB India rose by Rs.118.30 to Rs.3336.95, Suzlon rose by Rs.8.19, Siemens rose by Rs.61.60 to Rs.3329.50, Carborandum Universal rose by Rs.17.70 to Rs.1063.25, CG Power Rs.3.50 increased to Rs.305.90, Larsen & Toubro increased by Rs.17.90 to Rs.2247.80, Lakshmi Machine Works increased by Rs.47.90 to Rs.10,611.35. While LG Equipment decreased by Rs.8.30 to Rs.474.40, Teamcan decreased by Rs.38.15 to Rs.2920.95, Bharat Forge decreased by Rs.6.25 to Rs.784, Honeywell Automation decreased by Rs.199.05 to Rs. 35,756.95 remained.

Selective buying in oil stocks: Reliance rose by Rs.18 to Rs.2375: HPCL, Indraprastha rose

Selective funds were buying into oil-gas stocks, with international crude oil prices in a narrow range to soften. Reliance Industries rose by Rs 17.95 to Rs 2,375.10 on continued fund buying following good quarterly results. Hindustan Petroleum Corporation-HPCL increased by Rs.3.35 to Rs.246.95, Indraprastha Gas increased by Rs.8 to Rs.493.10, Adani Total Gas increased by Rs.44.25 to Rs.935.10.

Attraction in Automobile stocks: Ashok Leyland, Eicher, TVS Motor, Bosch, Maruti strong

Funds were drawn into select auto stocks amid reports of an overall positive response to vehicle sales by automobile companies. Ashok Leyland increased by Rs.3.90 to Rs.140.30, Eicher Motors increased by Rs.43.50 to Rs.3226.15, TVS Motor increased by Rs.9.30 to Rs.1110.60, Bosch increased by Rs.79.75 to Rs. 18,809.95, Maruti Suzuki increased by Rs.18.90 to Rs.8482, Bajaj Auto increased by Rs.7.10 to Rs.4342.80.

Small, mid-cap stocks picky attraction despite bullish caution: 1823 stocks close positive

Sensex, Nifty based today amid moderate strength in funds across small, mid-cap, cash stocks but also profit booking in many stocks despite continued attractiveness of the market breadth remained positive. Out of the total 3649 scrips traded in BSE, the number of gainers was 1823 and the number of decliners was 1719.

FPI/FII's net sale of Rs.407 crore in cash : DII's net purchase of Rs.564 crore

Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold net shares worth Rs.407.35 crore in cash segment today-Tuesday. A total of Rs.9651.56 crore was sold against a total purchase of Rs.9244.21 crore. While DII-domestic institutional investors made a net purchase of Rs.563.61 crore. A total of Rs.5983.86 crore was sold against a total purchase of Rs.6547.47 crore.

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