Sensex rose 123 points to 62969

-


Mumbai: The Sensex, Nifty based index advanced for the fourth consecutive day on the back of continued heavy buying in stocks by foreign portfolio investors (FPIs) spurred by India's economic growth. With corporate results being encouraging, the biggest positive factor now is the arrival of monsoon on time and expectations of lower inflation in the event of a normal monsoon has seen funds invest in lower stocks. On the international front, the June 6 deadline for raising the US debt ceiling is approaching, despite expectations of a last-minute deal to raise the limit, uncertainty has gripped the US. Global markets were wary of the impending increase in interest rates by the Federal Reserve. The Sensex ended the initial shock by 122.75 points to 62969.13 and the Nifty spot 35.20 points to close at 18,633.85. In small, mid-cap stocks today despite sustained buying attractiveness in select stocks, cash stocks have seen an unexpected bounce over the past two days and a lower circuit of only sellers was seen. So the market breadth became negative. Out of the total 3614 scrips traded in BSE, the number of gainers was 1700 and the number of decliners was 1794.

Preparation of interest rate reduction? Bankex up 179 points: Attraction in Bandhan Bank, Kotak Bank, IndusInd

Funds were picked today in Banking-Finance stocks. With credit growth slowing due to high interest rates, expectations of the Reserve Bank of India's next credit policy review meeting to start cutting interest rates and good quarterly performance of banks, finance companies were picking up in fund stocks. Bandhan Bank increased by Rs.3.10 to Rs.267.05, Kotak Mahindra Bank increased by Rs.20.65 to Rs.1973.55, Axis Bank increased by Rs.8.40 to Rs.937.60, IndusInd Bank increased by Rs.10.15 increased to Rs.1294.80. The BSE Bankex index rose 179.26 points to close at 50442.

Profit booking in metal-mining stocks: Nalco, APL Apollo, Jindal, Hindalco, SAIL decline

The BSE Metal Index fell 263.53 points to close at 19,772.69 today on the back of a rally in metal-mining stocks as funds showed profitable selling. Nalco fell by Rs.1.87 to Rs.84.19, APL Apollo fell by Rs.20.95 to Rs.1115, Jindal Steel fell by Rs.8.75 to Rs.522.85, Hindalco fell by Rs.5.95 to Rs.413. 95, SAIL decreased by Rs.1.05 to Rs.83.29, Coal India decreased by Rs.1.80 to Rs.244.35. While Vedanta rose by Rs.3.70 to Rs.285.55, JSW Steel fell by Rs.4.55 to Rs.706.60.

Net purchase of Rs.2086 crore in cash of Khainj/Khainain, net sale of Rs.439 crore in cash.

Foreign Portfolio Investors-FPIs, FIIs had a net purchase of Rs.2085.62 crore worth of shares in cash today-Tuesday. A total of Rs.7703.85 crore was sold against a total purchase of Rs.9789.47 crore. While DII-domestic institutional investors had a net sale of shares worth Rs.438.93 crore in cash today. A total of Rs.6375.96 crore was sold against a total purchase of Rs.5937.03 crore.

The wealth of investors increased to Rs.283.88 lakh crore

Stocks continued to rise today, the aggregate market capitalization of BSE-listed companies, investor wealth rose by Rs.8 thousand crores to Rs.283.88 lakh crores in a single day today.

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