Nifty rose 26 points to 18691 at the end of a narrow range

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Mumbai: Despite a fortnight's delay in the monsoon, local fund index-based stocks saw a halt in selling and covering after a good start to rains in many parts of the country today. On the international front, despite a good start to the monsoon, funds refrained from big buying due to a cautious mood in global markets as a confidence crisis weakened consumer spending figures despite a stimulus effort amid reports of a slowdown in Europe and challenges to economic growth in China, signs of rising geopolitical tensions amid a coup attempt in Russia. At the end of index-based narrow fluctuations, Nifty remained in positive zone while Sensex remained in moderate negative zone. Sensex closed 9.37 points lower at 62970 at the end of narrow two-way fluctuations. While the Nifty spot closed by 25.70 points at 18,691.20. Out of the total 3818 scrips traded in BSE, the number of gainers was 1860 and the number of decliners was 1783.

Auto stocks rally on good start to monsoon

Funds in automobile companies resumed trading lower today on expectations of a pick-up in vehicle purchases as risks to the rural-agri-economy recede as the monsoon gets off to a good start after a delay in the monsoon. Motherson rose by Rs.2.05 to Rs.85, Hero Motocorp rose by Rs.67.30 to Rs.2846.85, Ashok Leyland rose by Rs.2.70 to Rs.164.30, Maruti Suzuki rose by Rs.155.80 to Rs.9479. .35, Tata Motors rose by Rs.8.60 to Rs.567.85. The BSE Auto Index rose 349.72 points to close at 33,985.62.

Funds rebound in consumer durables stocks

A selection of funds in the stocks were also bullish on expectations that demand for consumer durables would pick up in the coming days due to the onset of monsoon. Bajaj Electric increased by Rs.38.05 to Rs.1340.95, Dixon Technology increased by Rs.118.90 to Rs.4446.10. The BSE Consumer Durables Index rose 408.75 points to close at 42324.56.

Investors' wealth increased by Rs.1.20 lakh crore

Despite narrow index-based fluctuations in the stocks today, due to heavy buying in the stocks of companies from sectors including small, mid-cap, auto, consumer, healthcare, the wealth of investors in the stocks i.e. the aggregate market capitalization of the companies listed in BSE increased by Rs. 1.20 lakh crore in a day to Rs. 290. 67 lakh crore had been reached.

DII's net purchase of Rs.250 crore

FIIs sold shares worth Rs.409.43 crore in cash today-Monday. A total of Rs.8306.08 crore was sold against a total purchase of Rs.7896.65 crore. While DII-domestic institutional investors had a net purchase of shares worth Rs.250.12 crore in cash today.


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