Sensex falls 256 points to 64831 at the end of turmoil: Banking stocks wash

- Nifty spot down 94 points to 19254: FIIs sold shares worth Rs 2973 crore in cash, DIIs bought Rs 4383 crore

MUMBAI: Indian stock markets turned sharply lower today amid index-based volatility, in sharp contrast to the recovery in Asian and European markets on the back of rapid new stimulus measures in China and easing of regulations to spur demand growth in the housing sector. The Sensex fell by 255.84 points to 64831.41 as Asian Paints, Reliance, heavyweight FMCG stocks surged in the last hour of heavy offloading in banking-finance frontline stocks as funds bought into automobile stocks along with select stocks including Titan Company, Ultratech Cement and IT stocks. And the spot Nifty closed by 93.65 points at 19253.80. International crude oil prices in the evening were Brent crude up 74 cents at $86.60 a barrel and New York-Nymex crude up 69 cents at $82.32 a barrel. Adani Group shares traded heavily today on news of a new OCCRP allegation report on Adani Group. There was erosion.

Bankex lost 325 points

In banking-finance stocks today, BSE Bankex index fell by 324.46 points to close at 49371.95 due to heavy selling by funds. Bank of Baroda fell by Rs.4.50 to Rs.187.20, Canara Bank by Rs.5 to Rs.320.50, IndusInd Bank by Rs.16.70 to Rs.1376.75, State Bank of India by Rs.6.35 decreased to Rs.561.30, Kotak Bank decreased by Rs.16.15 to Rs.1759.60, Axis Bank decreased by Rs.8.55 to Rs.974, HDFC Bank decreased by Rs.7 to Rs.1571.95.

Consumer durables index jumped 392 points

Shares of consumer durables companies rose by Rs 33.65 to Rs 3112 in the last minute today on heavy buying in Titan. Among other stocks, Havells India rose by Rs.30.35 to Rs.1384.20, Bajaj Electric rose by Rs.24.45 to Rs.1161.80, Voltas rose by Rs.14.25 to Rs.869.90, Dixon Technology rose by Rs.44.85. 5000 to Rs.5000, Rajesh Exports rose to Rs.6.80 to Rs.500. The BSE Consumer Durables Index rose 391.99 points to close at 44564.97.

Big profit booking in FMCG stocks

In FMCG stocks today there was massive profit booking by funds in frontline stocks along with other stocks. DCM Shriram fell by Rs.6.20 to Rs.128.45, Sula Vineyards fell by Rs.19 to Rs.489.70, Parag Milk Food fell by Rs.5.75 to Rs.194.10, Dhampur Sugar fell by Rs.5.30 to Rs. .254, Britannia by Rs.77.85 to Rs.4471.35, Balrampur Chinese by Rs.5.50 to Rs.390, Hindustan Unilever by Rs.27.85 to Rs.2504.20, Nestle India by Rs.231.75 was Rs.21,965. However, Magadh sugar increased by Rs.50.05 to Rs.539, Oudh sugar increased by Rs.26.85 to Rs.577.40, Uttam sugar increased by Rs.16.85 to Rs.384.95.

Maruti Suzuki Rs.10,065 to a new high

Among automobile companies, Maruti Suzuki touched a new high of Rs 10,065 after the company's target of doubling its production capacity by 2031 and the indication of utilization of Rs 45,000 crore reserves for this purpose led to a fresh high of Rs 10,065. 10,003.80 was. While Eicher Motors fell by Rs.69.50 to Rs.3337.55, Ashok Leyland fell by Rs.4.10 to Rs.183.70, Cummins India fell by Rs.26.50 to Rs.1704.25, Bajaj Auto by Rs.64.80 It was reduced to Rs.4613.05.

Profit booking in small, mid cap, cash stocks

Sensex, Nifty based today witnessed a massive upheaval, lastly the banking stocks recorded a decline, while the small, mid cap, cash stocks saw a surge in many stocks today and the market breadth became moderately negative. Out of the total 3768 scrips traded in BSE, the number of gainers decreased from 2230 to 1813 and the number of decliners increased from 1425 to 1819. Foreign Portfolio Investors - FPIs, FIIs had a net sale of shares worth Rs.2973.10 crore in cash today-Thursday. A total of Rs.50,639.21 crore was sold against a total purchase of Rs.47,666.11 crore. While DII-domestic institutional investors had a net purchase of Rs.4382.76 crore shares. A total of Rs.11,853.97 crore was sold against a total purchase of Rs.16,236.73 crore.