Funds rally in auto, metal, capital goods stocks: Sensex up 79 points to 65076

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- Last minute recovery after index based initial precautions

- Nifty up 37 points to 19343 : Sustained attraction in small, mid cap stocks : FIIs buy Rs 62 crore, DIIs buy Rs 305 crore

Mumbai: Markets in Asia, Europe saw a modest recovery today, despite strong signs of further stimulus measures in China and incentives to bring about a quick recovery in the stock market. Indian stock markets closed in the positive zone after a narrow two-way swing today as funds increased their buying in metal stocks in the last minute and picked cement, IT stocks along with capital goods-power stocks. Reliance Industries' 46th AGM announced several ambitious plans yesterday, along with Jio Financial Services' entry into the insurance sector and reports of promoters' purchase of 50 million shares in JioFi's shares. Sensex rose 79.22 points to 65075.82 and Nifty spot rose 36.60 points to close at 19342.65.

Funds rally in capital goods stocks: Suzlon, BHEL, Laxmi Machines, Thermax, Bharat Forge, Larsen rose

Funds in capital goods-power stocks were broadly bullish today as fresh big purchases continued. Suzlon Ng rose by Rs.1.17 to Rs.24.66, BHEL rose by Rs.5.10 to Rs.114.65, Laxmi Machine Works rose by Rs.452.10 to Rs.13,805, Thermax rose by Rs.81 to Rs.2797. .45, Bharat Forge increased by Rs.20.90 to Rs.1069.30, LG Equipment increased by Rs.6.70 to Rs.470.35, Larsen & Toubro increased by Rs.22.05 to Rs.2716.55, Grindwell Noten increased by Rs. 13.20 increased to Rs.2222.15, Siemens increased by Rs.19.05 to Rs.3865.15, ABB India increased by Rs.52.60 to Rs.4317.40. The BSE Capital Goods Index rose 347.84 points to close at 44941.

Shares rise with five crore shares changing hands in Jio Financial: Reliance falls by Rs.22 to Rs.2420

After CMD Mukesh Ambani's announcement of Jio Financial Services' entry into the insurance sector and reports that around five crore shares of the company changed hands in the open market today and these shares were bought by promoters, the stock rose by Rs 10 to close at Rs 221.65. While Reliance Industries closed at Rs.2420.25 after falling by Rs.22.30 for the fourth consecutive day.

Growing attraction in auto stocks: TVS Motor up Rs 32: Hero Corp, Bajaj Auto, Cummins rise

Funds saw selective buying in auto stocks in anticipation of a pick-up in vehicle purchases now that the festive season has begun despite the slowing progress of the monsoon. TVS Motor increased by Rs.31.65 to Rs.1379.90, Hero Motocorp increased by Rs.57.75 to Rs.2988.45, Bajaj Auto increased by Rs.73.75 to Rs.4673, Cummins India increased by Rs.13.50 to Rs. 1730.10 remained. The BSE Auto Index rose 225.44 points to close at 35339.96.

Demand for anti-dumping duty on steel boosts stocks: Jindal, Nalco, Hindalco, Tata Steel rise

Funds continued their selective buying in metal stocks amid further stimulus measures in China and demands by Indian steel companies for imposition of anti-dumping duties on steel imports. Jindal Steel increased by Rs.20.95 to Rs.676.10, Nalco increased by Rs.2.62 to Rs.93.05, Hindalco increased by Rs.9.85 to Rs.456.10, Tata Steel increased by Rs.1.95 to Rs. 119.55, SAIL increased by Rs.1.42 to Rs.88.43, JSW Steel increased by Rs.8.85 to Rs.781.75. The BSE Metal Index rose 238.83 points to close at 21,596.37.

Profit booking in IT stocks: 63 Moons, Orionpro down: Tech Mahindra, Black Box up

IT-software services, technology stocks were the overall sell-off. 63 Moons Technology fell by Rs.17.50 to Rs.332.65, Orionpro Solution fell by Rs.37.90 to Rs.1018.10, Imudra fell by Rs.11.55 to Rs.490.90, Explio Solution fell by Rs.30.50 1375, Zensar Tech fell by Rs.6.95 to Rs.504.50, Nucleus Software fell by Rs.12.90 to Rs.987.10. While Black Box increased by Rs.15 to Rs.219.55, Subex increased by Rs.1.36 to Rs.35.55, Datamatics Global increased by Rs.20.25 to Rs.559.85, Rategain Travel increased by Rs.17.95 to Rs. 596.40, Tech Mahindra rose by Rs.18.95 to Rs.1203.50.

Specialty chemicals stocks rally: Himadri Specialty, TGV, Meghmani, GHCL rise

Specialty Chemicals stocks were aggressively bullish by funds today. Himadri Specialty Chemical rose by Rs.25.50 to Rs.225.75, GHCL rose by Rs.56.90 to Rs.596.20, TGV SRAAC rose by Rs.7.86 to Rs.100.60, Meghmani Finchem rose by Rs.107.25 991.95, Alkaline Amines Chemicals rose by Rs.196.30 to Rs.2515.75, Balaji Amines rose by Rs.145.50 to Rs.2289.85, Finotex Industries rose by Rs.15.95 to Rs.235.95, Thirumlai Chemicals increased by Rs.12.40 to Rs.232.25, Sumitomo Chemical increased by Rs.25.30 to Rs.431.85, Camfab Alkali increased by Rs.31.65 to Rs.375.35.

Continued broad buying in funds, players in small, mid-cap stocks: 2001 stocks close positive

Market breadth remained positive with moderate gains in Sensex, Nifty based funds and small, mid cap, cash stocks continued to be broadly traded today. Out of the total 3748 scrips traded in BSE, the number of gainers was 2001 and the number of decliners was 1595. Small, mid-cap stocks saw a broad rally today, especially specialty chemicals stocks.

FPIs/FIIs' net purchase of Rs.61 crore : DIIs' net purchase of Rs.305 crore in stocks

Foreign Portfolio Investors-FPIs, FIIs had a net purchase of Rs.61.51 crore worth of shares in cash today-Tuesday. A total of Rs.10,453.48 crore was sold against a total purchase of Rs.10,515.48 crore. While DII-domestic institutional investors had a net purchase of Rs.305.09 crore shares. A total of Rs.7826.78 crore was sold against a total purchase of Rs.8131.87 crore.

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