Foreign funds rally led by banking-finance, power stocks: Sensex gains 213 points to 65433

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- Before the success of Mission Moon, foreign funds again poured dollars into India

- Spot Nifty up 48 points to 19444 : Bankex jumps 591 points : Attractiveness in automobile, metal stocks : FPIs/FIIs net buying Rs.614 crore

MUMBAI: Markets were on a bullish path today as Foreign Portfolio Investors (FPIs) bought stocks again led by banking-finance stocks ahead of the historic success of India's Moon mission. The Indian rupee also strengthened against the US dollar today with funds buying into stocks. Despite the expectation that the Chinese government will announce a mega stimulus against China's economic situation, the Indian markets were supported by the strength in the markets of Asia and Europe amid the softness of the Chinese markets. Sensex rose by 213.27 points to 65433.30 and Nifty spot rose by 47.55 points to close at 19444 as banking-finance stocks, automobile frontline stocks and capital goods-power, metal-mining stocks remained attractive. The Indian rupee strengthened by 25 paise to 82.68 against the US dollar. With this, the rupee also strengthened against currencies including the British pound.

Bankex rises 591 points: Federal Bank, Axis Bank, Canara Bank, BOB, State Bank, Axis rise

BSE Bankex rose 591.07 points to close at 49,957.60 as funds in banking-finance stocks eased again today with short covering buying. Federal Bank increased by Rs.5.60 to Rs.141.65, Axis Bank increased by Rs.21.35 to Rs.978.80, Canara Bank increased by Rs.6.20 to Rs.332.25, Bank of Baroda increased by Rs.3.10 rose to Rs.193.35, State Bank of India rose by Rs.8.60 to Rs.576.90, ICICI Bank rose by Rs.14.15 to Rs.966.25, Kotak Mahindra Bank rose by Rs.16.30 to Rs.1779. There were 90.

Attraction in UCO Bank, One97 Paytm, South Indian Bank, RBL Bank, Central Bank, Muthut Cape

The fund today was exposed to select finance stocks along with other PSU banking and small, mid private bank stocks. UCO Bank rose by Rs.2.20 to Rs.33.19, One 97 Paytm rose by Rs.48.45 to Rs.905.60 on the attraction of its entry into artificial intelligence, South Indian Bank rose by Rs.1.12 to Rs.24.66. , RBL Bank increased by Rs.8.95 to Rs.230.25, Bank of Maharashtra increased by Rs.1.48 to Rs.39.65, Central Bank of India increased by Rs.1.33 to Rs.35.74, Muthut Cap increased by Rs. 13.75 up to Rs.384.95, CSB Bank up by Rs.9.70 to Rs.327.75, Mahindra Financial up by Rs.9.10 to Rs.297.65, Prudent Advisor up by Rs.28.10 to Rs.1205. There were 40.

Suzlon NG up 5% to Rs 22: Hindustan Aeronautics, Bharat Forge, Polycab, Larsen rise

Funds in capital goods-power stocks were also attractive in the stocks of capital goods companies that play an important role in making Chandrayaan-3 to reach the moon today. Suzlon NG rose by five percent or Rs.1.04 to Rs.21.93, Hindustan Aeronautics rose by Rs.139 to Rs.4030, Polycab rose by Rs.134.05 to Rs.5132.40, GMR Airports rose by Rs.1.39 to Rs. .59.32, Lakshmi Machine Works increased by Rs.291.25 to Rs.13,622, Larsen & Toubro increased by Rs.37.95 to Rs.2717.45, Siemens increased by Rs.51.30 to Rs.3713.20. The BSE Capital Goods Index rose 513.94 points to close at 44700.88.

Hindalco up Rs 11 to Rs 461 amid China report Metal stocks: Nalco, Vedanta rise

Select metal-mining stocks, particularly aluminum stocks, were attractive today amid reports of China's economic woes and stimulus preparations. The stock gained Rs 10.90 to Rs 461.10 amid news of Hindalco acquiring foreign technology for railways. APL Apollo rose by Rs 22.05 to Rs 1585, Vedanta rose by Rs 2.95 to Rs 238.10, NMDC rose by Rs 1.45 to Rs 122.35, Jindal Steel rose by Rs 4.50 to Rs 659. 80, Tata Steel rose by Rs.1.35 to Rs.118.90. The BSE Metal Index rose 225.17 points to close at 21593.69.

In automobile stocks, Maruti Suzuki rose by Rs.104 to Rs.9598: Bajaj Auto, Eicher rose.

Stocks of automobile companies were heavily bought by select funds today. Maruti Suzuki increased by Rs.104.30 to Rs.9597.75, Bajaj Auto increased by Rs.30.90 to Rs.4658.25, Eicher Motors increased by Rs.10.10 to Rs.3356. While Uno Minda decreased by Rs.16.35 to Rs.619, Tata Motors decreased by Rs.6.25 to Rs.613.60, Tube Investment decreased by Rs.21 to Rs.2789.45.

Third Consecutive Only Seller's Circuit in Jio Financial Services: Market Cap Rs.1.45 Lakh Crore

The shares of Jio Financial Services Limited, which was demerged from Reliance Industries and listed on the stock markets on August 21, fell for the third day in a row to the lower circuit of the only seller of crores of shares. The stock fell by Rs. 11.80 or five percent to close at Rs. 224.65 on the NSE. Trading volume of 42,89,046 shares was recorded on NSE today. While on BSE, the stock closed by Rs.11.95 to Rs.227.25 with a trading volume of 3.79 lakh shares. Shares of Reliance Industries rose by Rs.2.80 to close at Rs.2522.20. Along with this, the market capitalization of the company has also continued to decrease from the listing price of Rs.265 to Rs.1,44,379 crore, a decrease of 15 percent from Rs.1.45 lakh crore.

Sensex, Nifty rise with rising attraction in small, mid-cap stocks: 2014 Stocks close positive

Market breadth remained positive amid narrow volatility in Sensex, Nifty based small, mid cap, cash stocks today as funds, high net worth investors reduced continued broad valuations. Out of the total 3783 scrips traded in BSE, the number of decliners was 1616 and the number of gainers increased to 2014.

FPIs/FIIs' net purchase of Rs.614 crore in cash : DIIs' net purchase of Rs.534 crore in shares

Foreign Portfolio Investors - FPIs, FIIs had a net purchase of Rs.614.32 crore worth of shares in cash today-Wednesday. A total of Rs.8805.05 crore was sold against a total purchase of Rs.9419.37 crore. While DII-domestic institutional investors had a net purchase of Rs.125.03 crore shares. A total of Rs.7103.74 crore was sold against a total purchase of Rs.7228.77 crore.

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