Funds gain in capital goods, auto, banking, metal stocks: Sensex up 110 points to 64997


- Amid orders to funds to prevent markets from falling amid China's economic crisis

- Nifty up 40 points to 19306 : Foreign funds profit booking in FMCG, IT stocks : DII's net buying of Rs.1264 crore

MUMBAI: With economic crisis looming in China, stimulus measures are also not working, despite reports of instructions to funds to prevent equity selling-hammering in Chinese markets, index-based Indian stock markets saw a slow recovery today with global markets recovering on expectations of more stimulus measures. Capital goods-power stocks including Larsen & Toubro, Power Grid Corp along with auto stocks including Maruti Suzuki, Mahindra & Mahindra and select banking stocks including HDFC Bank, Axis Bank witnessed a recovery in the market. While there was cautious profit booking in IT-software services, technology stocks and FMCG stocks. The Sensex ended up 110.09 points at 64996.60 and the Nifty spot closed up 40.25 points at 19306.05.

Capital Goods Index up 601 to 44593 : Larsen up by Rs.55 to Rs.2694 : Bharat Forge up

Capital goods stocks were aggressively bought today on the continued attraction of funds following the success of Chandrayaan. The BSE Capital Goods Index rose 601.46 points to close at 44593.16. Suzlon NG rose by Rs 1.11 to Rs 23.49, BHEL rose by Rs 4.25 to Rs 109.55, Bharat Forge rose by Rs 26.55 to Rs 1048.40, Larsen & Toubro rose by Rs 55.05. 2694.50, Polycab rose by Rs.94.40 to Rs.5093.60, Siemens rose by Rs.59.95 to Rs.3844.90, Praj Industries rose by Rs.5.95 to Rs.375.70, Thermax rose by Rs.19 .95 to Rs.2709.70, Bharat Electronics rose by Rs.1.50 to Rs.134.85.

Funds rally in auto stocks despite slow progress of monsoon: Uno Minda, Mahindra, Bosch, Maruti attract

Funds today saw bullish appeal in select automobile stocks in the valuation game despite monsoon progress slowing in August and expected to slow in September as well. Uno Minda increased by Rs.17.65 to Rs.610, Mahindra & Mahindra increased by Rs.29.60 to Rs.1549.65, Bosch increased by Rs.228.60 to Rs.18,500, Maruti Suzuki increased by Rs.82.95 to Rs. 9591.45, Ashok Leyland increased by Rs.1.50 to Rs.187.55, Hero Motocorp increased by Rs.19.45 to Rs.2930.70, Apollo Tires increased by Rs.2.55 to Rs.391.65, TVS Motor rose by Rs. 7.40 increased to Rs.1346.70. The BSE Auto Index rose 227.31 points to close at 35114.52.

Shares fall to Rs 2,442 despite allurements of Reliance AGM, including handing over the reins to a new firm.

In the 46th AGM of Reliance Industries Limited, Chairman and Managing Director Mukesh Ambani took an important initiative to hand over the helm of the company to a new generation, and despite the attraction of announcing many schemes, students, profit booking in the stock decreased by Rs.27.40 to close at Rs.2442.55. Despite Jio Financial announcing plans to enter the insurance sector in a big way, the stock traded higher at Rs 222.85 and finally settled at Rs 211.65.

Select attractiveness in banking stocks: Federal Bank, HDFC Bank, Axis Bank, IndusInd rose

Funds were picked today in Banking-Finance stocks. Federal Bank increased by Rs.3.40 to Rs.144.05, HDFC Bank increased by Rs.15.75 to Rs.1577.70, Axis Bank increased by Rs.6.65 to Rs.989.80, IndusInd Bank increased by Rs.8.15 1409.50, Kotak Mahindra Bank increased by Rs.10.40 to Rs.1790.40, Canara Bank increased by Rs.1.80 to Rs.327.30, State Bank of India increased by Rs.2.55 to Rs.572.80 were staying The BSE Bankex index rose 275.29 points to close at 50,049.78.

Small, mid-cap stocks regain broad appeal with index-based rally: 2026 stocks close positive

Market breadth was positive today with Sensex, Nifty based funds gaining in small, mid cap, cash stocks. Out of the total 3907 scrips traded in BSE, the number of gainers was 2026 and the number of decliners was 1722.

Profit booking in IT stocks: Nugen Software, Digispice, Tanla, Mphasis, Imudra Gabdaya

Funds posted profitable broad selling in IT-Software Services, Technology stocks today. Nugen Software fell by Rs.63.95 to Rs.854.50, Digispice Tech fell by Rs.2.04 to Rs.38.93, Tanla Platforms fell by Rs.33 to Rs.963.85, Emphasis fell by Rs.62.95 to Rs.2328. .85, R Systems fell by Rs.12.90 to Rs.479.60, Imudra fell by Rs.11.50 to Rs.502.05, Persistent fell by Rs.86.30 to Rs.5049, Coforge fell by Rs.83.65 to Rs. 5171.20 remained.

Funds attracted to metal-mining stocks on anti-dumping duty report: Jindal Steel, Nalco rise

Funds bought options today as Indian steel companies demanded the government to impose anti-dumping duty on imports despite China's negative report. Jindal Steel rose by Rs.20.35 to Rs.655.15, Nalco rose by Rs.2.33 to Rs.90.50, NMDC rose by Rs.2.85 to Rs.122.30, Vedanta rose by Rs.4.90 to Rs.238. .25, SAIL increased by Rs.1.32 to Rs.87.01, Coal India increased by Rs.1.65 to Rs.229.40, Tata Steel was at Rs.117.60. The BSE Metal Index rose 100.62 points to close at 21357.54.

Healthcare stocks gain: KMC Specialties, Venus Remedies, Glenmark, RPG Life rise

Funds were selected in stocks of healthcare-pharmaceuticals companies. KMC Specialty increased by Rs.5.99 to Rs.87.50, Nectar Life increased by Rs.1.40 to Rs.27.24, Indraprastha Medi increased by Rs.8.35 to Rs.176.20, Venus Remedies increased by Rs.10.35 243, Glenmark rose by Rs.27.90 to Rs.767.35, RPG Life rose by Rs.44.70 to Rs.1234.10, Bliss GVS rose by Rs.3.08 to Rs.99.13, Lupine rose by Rs.30. 70 increased to Rs.1108.25

FPIs/FIIs' net selling of Rs.1393 crore : DIIs' net buying of Rs.1264 crore in stocks

Foreign Portfolio Investors - FPIs, FIIs had a net sale of Rs.1393.25 crore shares in cash today-Monday. A total of Rs.11,628.66 crore was sold against a total purchase of Rs.10,235.41 crore. While DII-domestic institutional investors had a net purchase of Rs.1264.01 crore of shares. A total of Rs.6447.27 crore was sold against a total purchase of Rs.7711.27 crore.

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