Sensex rose 351 points to 66707

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Global markets cautious ahead of Federal Reserve's interest rate hike decision

Mumbai: Before the meeting of the central banks of the global leaders, the US Anticipation of a 0.25 per cent interest rate hike by the Federal Reserve, on the back of caution in global markets, ended a three-day slide in Indian stock markets today. In Reliance Industries, the value unlocking of various businesses followed by the financial services business followed by retail and Jio Telecom businesses and the mega buyback of shares in Larsen & Toubro as well as the demerger of the hotel business in ITC, the funds were currently valuing the funds. With these three key frontline-heavyweight stocks, the funds were valuing Axis Bank's performance in banking-finance stocks and stocks including State Bank of India, Kotak Mahindra Bank, IndusInd Bank, and Ansan Pharma Industries, Infosys, among others. After reaching up to 66707.20, it closed by 351.49 points. While the Nifty spot went up to 19825.60 and finally increased by 97.70 points to close at 19778.30.

Funds, HNIs lower in small, mid-cap stocks, re-valuing gains: 1909 stocks close positive

Funds, high net worth investors today reduced with Sensex, Nifty based bullish and again took in small, mid cap, cash stocks, market breadth became positive. Out of the total 3697 scrips traded in BSE, the number of gainers was 1909 and the number of decliners was 1630.

Refunding in ITC after easing uncertainty after demerger of hotel business: Shares rise by Rs.10 to Rs.472

After the announcement of demerger of hotel business by ITC Limited, questions regarding the provision of funding for the capital expenditure of the new company led to a sell-off in the stock, which closed by Rs 9.90 to Rs 472.10. The company anticipates that it will diversify away from its hospitality sector and raise funds going forward through debt or equity.

Preparation for demerger of retail business in Reliance now? Qatar's sovereign fund will buy the holding

Among the frontline stocks of Sensex, after the start of value unlocking with the demerger of financial services business in Reliance Industries to Jio Financial Services, now the possibility of demerger, value unlocking of retail business and telecom-digital business started to be discussed, the shares increased by Rs.40.40 to Rs.2526 as the attraction of funds and investors in the stock increased. was .20. Funds, investors in the stock were on a report that Qatar's sovereign fund Qatar Investment Authority is considering buying a holding in Reliance Retail.

Axis Bank's profit increased by 40 percent: Shares increased by Rs.14 to Rs.977: In banking stocks, funds were taken, including State Bank.

The US Ahead of the Federal Reserve's decision on interest rates and funds attracted by the good performance of banks, they bought options with short covering today. Shares of Axis Bank rose by Rs 14.30 to Rs 976.80 before announcing a 40 per cent rise in quarterly net profit to Rs 5,797 crore and a 27 per cent rise in net interest income. State Bank of India increased by Rs.5.25 to Rs.615.05, Canara Bank by Rs.4.35 to Rs.337.15, Federal Bank by Rs.1.30 to Rs.133.95, IndusInd Bank by Rs.11. 30 increased to Rs.1426.10, Bank of Baroda increased by Rs.1.45 to Rs.197.70. The BSE Bankex index rose 303.69 points to close at 51950.60.

Larsen's buyback lure rises Rs 85: BHEL, Siemens, ABB rise: Capital goods index rises 674 points

Larsen & Toubro rose by Rs 84.60 to Rs 2,646.55 after announcing a buyback of 3.33 crore shares worth Rs 10,000 crore up to a maximum of Rs 3,000 per share. The attraction of the buyback announcement led to a large selection of funds in capital goods stocks. BHEL increased by Rs.3.39 to Rs.101.14, Siemens increased by Rs.75.55 to Rs.3765.10. The BSE Capital Goods Index rose 673.76 points to close at 43132.88.

FPI/FII's net purchase of Rs.923 crore in cash : DII's net purchase of Rs.470 crore

Foreign portfolio investors – FPIs and FIIs – had a net purchase of Rs 922.84 crore worth of shares in cash today-Wednesday. A total of Rs.7778.03 crore was sold against a total purchase of Rs.8700.87 crore. While DII-domestic institutional investors had a net purchase of shares worth Rs.470.10 crore in cash today. A total of Rs.7059.32 crore was sold against a total purchase of Rs.7529.42 crore.

Asset-market capitalization of investors in stocks increased by Rs.1.30 lakh crore to Rs.303.93 lakh crore

Widespread buying in the stocks again today saw the prices of many stocks rise and the investors' wealth i.e. the aggregate market capitalization of the companies listed in the BSE increased by Rs.1.30 lakh crore to Rs.303.93 lakh crore. The US A look at the Federal Reserve's meeting and expectations of a 0.25 percent interest rate hike eased caution in global markets this evening.


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