Sensex fell 107 points to 66160 after missing the intraday level of 66000.

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Impending correction in Nifty in case of break of important level amid concerns over Japanese yen

Mumbai: At the end of the week, the trend of softness continued in the Indian stock markets. Global markets saw a cautious two-way swing today after yesterday's discount after the US hiked interest rates. But funds remained cautious for the second day in a row, with the Indian Nifty 50 index forecasting a major correction-downtrend in the event that the yen loses its key support level of 137-138 against the US dollar as the Japanese yen stalls as the Bank of Japan loosens its grip on global yields. Index based bullish trading eased. The market remained in the negative zone as funds booked profits in FMCG, metal-mining, power, capital goods, healthcare-pharmaceuticals stocks against selective attraction in banking-finance, IT stocks. In particular banking-finance stocks Bajaj Finserv, HDFC Bank, Axis Bank, IndusInd Bank as well as IT stocks HCL Technology, TCS, Infosys, Tech Mahindra sold and Tata Motors offloaded Sensex at one point fell 388.17 points to 65878.65. It closed by 106.62 points to 66160.20. While the spot Nifty fell by 96.80 points to a low of 19563.10 and finally closed by 13.85 points to 19646.05.

Bankex down 230 points: HDFC Bank, Axis Bank, Canara Bank, Mahindra Fi., Prudent Advisors down

Banking-finance stocks edged lower today as funds sold off in frontline stocks. HDFC Bank fell by Rs.28.85 to Rs.1644.80, Axis Bank fell by Rs.9.75 to Rs.950, IndusInd Bank fell by Rs.12.55 to Rs.1403, AU Small Finance fell by Rs.4.55 to Rs.724. .75, Canara Bank fell by Rs.2.05 to Rs.342.75. While Federal Bank increased by Rs.1.50 to Rs.135.40, Bank of Baroda increased by Rs.1.85 to Rs.201.15, ICICI Bank increased by Rs.4.75 to Rs.995.35, Mahindra Financial increased by Rs.12. 35 down to Rs.299.35, Prudent Advisor down by Rs.43.65 to Rs.1124.70, PNB Housing down by Rs.21.45 to Rs.616.65, UTI AMC down by Rs.19 to Rs.785.95, IIFL Finance Rs.13.90 decreased to Rs.568, Capri Global decreased by Rs.29.20 to Rs.765.75.

Mastech collapses by Rs.93 to Rs.2023: Selling in Digispice, HCL Technology, TCS, Infosys

Funds started massive offloading in IT-software services, technology stocks today. TCS fell by Rs.40.80 to Rs.3355.35, HCL Technology fell by Rs.14.20 to Rs.1103.25, Emphases fell by Rs.30.15 to Rs.2249.80, Mastec fell by Rs.92.95 to Rs.2023. , Infosys fell by Rs.12.50 to Rs.1340.35, Tech Mahindra fell by Rs.9.55 to Rs.1090.75, Persistent System fell by Rs.27.30 to Rs.4697.30. .80 increased to Rs.204.30, Intellect Design increased by Rs.114.05 to Rs.690.45, 63 Moons Tech increased by Rs.11.15 to Rs.244.55, Latent View increased by Rs.12.75 to Rs.378, L&T Technology increased by Rs.76.25 to Rs.4014.25, Cient rose by Rs.28.60 to Rs.1463.20. The BSE IT index closed down by 201.24 points to close at 29893.16.

Preparation of acquisition in the dairy industry? Parag milk rises by Rs.16 to Rs.170: Boom in Dodla Dairy, Vadilal

Funds in FMCG stocks again bought heavily in dairy stocks today. Parag Milk Food rose by Rs.16.25 to Rs.169.85, Dodla Dairy rose by Rs.44.95 to Rs.776.10, Vadilal Industries rose by Rs.37.80 to Rs. .2854.20 remained. Along with this, among other stocks, ITC increased by Rs.4 to Rs.468.55, Tasty Bite increased by Rs.718.60 to Rs.14,492.20, Marico increased by Rs.18.80 to Rs.573.30, Pratap Snacks increased by Rs.22 It was Rs.840.60.

Acquisitions to strengthen Reliance retail portfolio? Reliance Industries gained Rs.21 to Rs.2527

After the demerger of financial services to Jio Financial in the wake of value locking of assets in Reliance Industries, now the value locking of retail business, preparation for demerger, with the report of Qatar's sovereign fund buying holding in Reliance Retail, Reliance Retail may make acquisitions including dairy industry to strengthen its business portfolio, returned to the stock today. It increased by Rs.21.30 to Rs.2527.60 due to reduction of funds.

At the end of the week, small, mid-cap stocks reduced attraction, market breadth positive: 1824 stocks closed positive.

Market breadth turned from negative to positive as funds, players, investors reduced in small, mid-cap, cash stocks despite softening at the end of the index-based rout over the weekend. Out of the total 3691 scrips traded in BSE, the number of gainers was 1824 and the number of decliners was 1695.

FPI/FII net selling Rs.1023 crore, DII net buying Rs.1634 crore

Foreign portfolio investors – FPIs and FIIs – had a net sale of Rs.1023.91 crore worth of shares in cash today-Friday. A total of Rs.12,291.33 crore was sold against a total purchase of Rs.9267.42 crore. While DII-domestic institutional investors had a net purchase of shares worth Rs.1634.37 crore in cash today. A total of Rs.7178.67 crore was sold against a total purchase of Rs.8813.04 crore.

Asset-market capitalization of investors in stocks rose by Rs.66 thousand crore to Rs.304.16 lakh crore

Sensex, Nifty based on softening at the end of the two-way rout but digested a big fall in the last hour and reduced buying in select small, mid cap, A group stocks resulted in bullish investor wealth i.e. aggregate market capitalization of BSE listed companies increased by Rs.66 thousand crore to Rs.304 .16 lakh crore was reached.

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