The Sensex surged 803 points to a new all-time high of 64,718

-


MUMBAI: Incessant heavy buying by Foreign Portfolio Investors (FPIs) in the Indian stock markets led to a bullish run at the end of the week today. After Nifty took 21 months to cross the level of 18,000 to 19,000, as if it has to cross the level of 19,000 to 20,000 in 21 days, today the index based funds made a bursting boom. As the monsoon is making rapid progress across the country after a delay, foreign funds seem to have put India on a positive re-rating, with India shining, shining, this time expecting a major drop in inflation and economic growth to accelerate through strong growth in the rural-agricultural sector. .

Nifty which took 21 months to cross 18000 to 19000 will reach 20000 within 21 days?

With the July 1 merger of HDFC Twins and HDFC Bank becoming the world's fourth largest bank on the back of banking stocks and IT-software services, US-backed rally in technology stocks and continuous rally of good monsoon in automobile stocks, Sensex made a one-sided stormy run at 64768.58 making a new history. In the end, it rose 803.14 points to close at a new record high of 64718.56. Nifty Spot also made a new all-time high of 19201.70 and finally closed at a new all-time high of 19189.05 with a jump of 216.95 points.

Infosys rose by Rs.42, Sasken by Rs.70, TCS by Rs.86, Ephesus by Rs.50, Persistent by Rs.132

IT-software services, technology stocks had a stormy rally. The BSE IT index jumped 684.54 points to close at 29876.53. Sasken Tech rose by Rs.70.45 to Rs.971.70, Black Box rose by Rs.9.20 to Rs.134.40, Imudra rose by Rs.21.20 to Rs.431.50, Infosys rose by Rs.41.55 to Rs. 1335.20, Emphasis increased by Rs.50.20 to Rs.1898.65, TCS increased by Rs.85.75 to Rs.3300.50, L&T Technology increased by Rs.84.45 to Rs.3930, LTI Mindtree increased by Rs.107.45 increased to Rs.5198.20, Cient increased by Rs.30.95 to Rs.1504.65, Tech Mahindra increased by Rs.21.55 to Rs.1130.55, Wipro increased by Rs.7.35 to Rs.389.05.

Auto stocks surge: Mahindra rises by Rs 58 to Rs 1454: Hero, Maruti, Bajaj Auto rise

Auto stocks were bullish today on expectations of encouraging growth in the agriculture sector as a result of good progress of monsoon, which would boost purchases of vehicles including tractors. Mahindra & Mahindra tractors rose by Rs 57.75 to Rs 1,453.75 on expectations of good demand and the company getting certificate for PLI. Hero Motocorp rose by Rs.80.65 to Rs.2909.40, Maruti Suzuki rose by Rs.244.50 to Rs.9785, Bajaj Auto rose by Rs.109.30 to Rs.4685.60, Bosch rose by Rs.396.05 to Rs.19. ,105, Uno Minda rose by Rs.9.20 to Rs.582, Tata Motors rose by Rs.8.80 to Rs.595.50, Cummins India rose by Rs.28 to Rs.1940.25, Eicher Motors rose by Rs.36.60 to Rs. .3582.45, MRF increased by Rs.858.45 to Rs.1,01,305.60. The BSE Auto Index rose 626.20 points to close at 34,919.74.

Bankex tops 50,500: HDFC Bank Rs.1700 cross before merger takes effect

In the banking-finance sector, funds were drawn with the attraction of reduction in NPAs of banks. Before the merger of HDFC Bank, HDFC Limited took effect on July 1, HDFC Bank crossed Rs.1700 today and finally increased by Rs.25.35 to Rs.1710.75. Federal Bank increased by Rs.3.90 to Rs.126.10, Bank of Baroda increased by Rs.5.80 to Rs.190.35, IndusInd Bank increased by Rs.41.05 to Rs.1375.05. The BSE Bankex today closed at a high of 50,500.57, up 393.47 points.

HDFC AMC jumps Rs 246 to Rs 2296: Karnataka Bank, South Indian Bank, UTI rise

Among finance, other banking stocks, HDFC AMC rose by Rs 246.15 to Rs 2296.35. Karnataka Bank increased by Rs.17.35 to Rs.189.25, South Indian Bank increased by Rs.1.49 to Rs.19.27, UTI AMC increased by Rs.60.06 to Rs.784.80, JK Bank increased by Rs.4.47 Increased by Rs.60.61, Caffeine Tech increased by Rs.25.25 to Rs.371.20, Prudent Advisor increased by Rs.66.80 to Rs.986, DCB Bank increased by Rs.5.60 to Rs.122.15.

Continued rally in small, mid cap stocks: Market breadth positive: 1952 stocks close positive

Market breadth remained positive today with small, mid cap, cash stocks continuing to gain traction with historic index-based gains. Out of the total 3648 scrips traded in BSE, the number of gainers was 1952 and the number of decliners was 1557.

Investors' wealth in stocks increased by Rs 2.37 lakh crore to a new high of Rs 296.48 lakh crore.

Aggressive rally in Sensex, Nifty based funds, continuous heavy buying in stocks of companies from sectors like banking, auto, IT healthcare and sustained investors' wealth in small, mid cap, cash stocks means that the aggregate market capitalization of listed companies in BSE increased by over Rs. .2.37 lakh crore had risen to a new historic high of Rs.296.48 lakh crore.

FIIs buy Rs 19,000 crore in two days, DIIs buy Rs 1197 crore

Foreign Portfolio Investors - FPIs, FIIs made massive net purchases of stocks worth Rs.6397.13 crore in cash today-Friday. A total of Rs.13,042.61 crore was sold against a total purchase of Rs.19,439.74 crore. While DII-domestic institutional investors had a net purchase of shares worth Rs.1197.64 crore in cash today. A total of Rs.9272.17 crore was sold against a total purchase of Rs.10,469.81 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