Stocks tumble at the end of the week: Sensex tumbles 366 points to 64887

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Despite new incentives in the housing sector to boost China's economy

Capital Goods Index 574 Falls: GMR, Praj, Thermax, ABB, BHEL, Larsen, Honeywell Falls

Nifty plunges 121 points to 19266: Capital goods, auto, metal, banking stocks wash: FPIs/FIIs sell Rs.4638 crores, DIIs buy Rs.1414 crores

MUMBAI: Indian stock markets took a global hit over the weekend on growing worries about the global economy, with global inflation rising despite China's new stimulus measures, including easing house purchase rules, to rescue its economy from recession. The US Fresh buying in stocks slowed as the Federal Reserve Chairman's speech at the Jackson Hall on inflation, interest rates and minutes of the Reserve Bank of India's Monetary Policy Committee (MPC) also indicated a tight watch on inflation. Funds offloaded in capital goods-power, consumer durables, banking-finance, automobile, IT, metal-mining, FMCG, healthcare-pharmaceuticals shares, with Sensex falling 365.83 points to 64886.51 and Nifty spot 120.90 points to close at 19265.80. were staying

Capital goods-power stocks witnessed widespread profit-taking today after a big rally seen over the past few days. GMR Airports fell by Rs.2.69 to Rs.62.14, Praj Industries fell by Rs.15.45 to Rs.471, Thermax fell by Rs.70.90 to Rs.2693.70, ABB India fell by Rs.94.35 to Rs.4241. .60, BHEL decreased by Rs.2.30 to Rs.105.30, SKF India decreased by Rs.109.60 to Rs.5040, Bharat Forge decreased by Rs.19.90 to Rs.1021.85, Larsen & Toubro decreased by Rs.48.05 It fell to Rs.2639.45, Honeywell Automation fell by Rs.614 to Rs.40,152.55, LG Equipment fell by Rs.5.05 to Rs.465. The BSE Capital Goods Index lost 573.73 points to close at 43991.70.

Metal stocks fall again on China: Jindal Steel, JSW, Vedanta, Hindalco, Nalco fall

Funds eased bullish trade in metal-mining stocks on rising global concerns despite new stimulus measures as China's economy worsened. Jindal Steel fell by Rs.15.35 to Rs.633.65, JSW Steel by Rs.14.80 to Rs.773, Vedanta by Rs.4.20 to Rs.233.35, Hindalco by Rs.6.55 to Rs.449. 90, Nalco fell by Rs.1.27 to Rs.88.43, NMDC fell by Rs.1.55 to Rs.119.45, Tata Steel fell by Rs.1.35 to Rs.116.90. The BSE Metal Index fell by 239.76 points to close at 21256.92.

Funds moderate bullish trade in banking stocks: Canara Bank, IndusInd, AU Bank, State Bank decline

Funds in banking-finance stocks eased bullish trade today. Canara Bank fell by Rs.6.30 to Rs.325.50, IndusInd Bank fell by Rs.26.90 to Rs.1397.80, AU Small Finance fell by Rs.9.35 to Rs.736, State Bank of India fell by Rs.6.45 It fell to Rs.570.25, HDFC Bank fell by Rs.16.85 to Rs.1561.95. Along with this, L&T Finance fell by Rs.4.35 to Rs.121.55, Mahindra Finance fell by Rs.10.20 to Rs.293.90, HUDCO fell by Rs.1.97 to Rs.71.43, CSB Bank by Rs.8 .50 fell to Rs.319.85, Prudent Advisors fell by Rs.29.25 to Rs.1167.20.

Tube Invest rises Rs 111 amid profit booking in auto stocks: Uno Minda, TVS Motor fall

Automobile stocks also saw overall profit booking today on concerns that vehicle sales could take a hit for the automobile industry as the progress of monsoon slowed. Of course, Tube Investment rose by Rs.110.95 to Rs.2881.45. While Uno Minda decreased by Rs.12.70 to Rs.592.35, TVS Motor decreased by Rs.23.60 to Rs.1339.30, Apollo Tires decreased by Rs.6.05 to Rs.389.10, Mahindra & Mahindra Rs.22. 55 fell to Rs.1520.05, Tata Motors fell by Rs.5.40 to Rs.605.45, Hero Motocorp fell by Rs.17.70 to Rs.2908.70, Maruti Suzuki fell by Rs.52.50 to Rs.9517.70, Balakrishna Industries fell by Rs.11.45 to Rs.2372.

Parag Milk rose Rs.28 to Rs.204 : Dodla Dairy, Jyoti Lab rose : Bajaj Hind, KRBL fell

Select stocks remained buoyant amid overall profit booking in FMCG stocks. Parag Milk Food increased by Rs.27.85 to Rs.203.50, Dodla Dairy increased by Rs.28.25 to Rs.739. While Bajaj Hindustan fell by Rs.1.49 to Rs.23.55, LT Foods fell by Rs.10.25 to Rs.166, KRBL fell by Rs.13.95 to Rs.399.65, Dhampur Sugar fell by Rs.6.70 to Rs. 255.65, Shree Renuka Sugar decreased by Rs.1.19 to Rs.45.61, Awadh Sugar decreased by Rs.11.55 to Rs.525.05.

Digispice Tech, Subex, Coforge, Emphasis Declined: Quick Hill, 63 Moons, Mastec, Birlasoft Gained

A mixed trend was observed in IT-software services, technology stocks today. Quick Hill Tech increased by Rs.11.70 to Rs.200.40, continued buying in 63 Moons Technology saw shares increase by Rs.16.30 to Rs.343, Mastec by Rs.90.50 to Rs.2290, Birlasoft by Rs.10.10 to Rs. .485, Signity Tech rose by Rs.14.65 to Rs.781. While Digispice Tech fell by Rs.2.15 to Rs.40.97, Subex fell by Rs.1.19 to Rs.34.25, Emphases fell by Rs.68.50 to Rs.2393.95, Coforge fell by Rs.131.90 to Rs. 5259, the latent view fell by Rs.7.40 to Rs.429.

Reliance's 28th AGM: Erosion stopped in Jio Fi: Shares rose to Rs.202 and finally rose to Rs.215

Demerged from Reliance Industries, the shares of Jio Financial Services Ltd., which was listed on the stock markets on August 21, after losing 20 percent due to heavy selling for four consecutive days, recovered from the low of Rs. 202.80 and finally rose by Rs. 1.05 to Rs. It was 214.50. Ahead of the AGM of Reliance Industries to be held on August 28, 2023, the stock closed at Rs 2468.35, down by Rs 11.45 due to continuous profit booking.

SEBI's surveillance report shows gaps in mid-cap, small-cap stocks: 2200 stocks closed negative

Market breadth turned sour today as operators started shorting several scrips amid reports that the bullish run in small, mid-cap stocks is starting to run out of control and that capital markets regulator SEBI has stepped up surveillance to protect investors in this unbridled storm of bullishness. Out of the total 3763 scrips traded in BSE, the number of decliners was 2200 and gainers were 1444.

FPIs/FIIs' net sale of Rs.4638 crore in cash : DIIs' net purchase of Rs.1414 crore

Foreign Portfolio Investors - FPIs, FIIs had a net sale of Rs.4638.21 crore worth of shares in cash today-Friday. A total of Rs.15,567.82 crore was sold against a total purchase of Rs.10,929.61 crore. While DII-domestic institutional investors had a net purchase of Rs.1414.35 crore shares. A total of Rs.7128.09 crore was sold against a total purchase of Rs.8542.44 crore.

The asset-market capitalization of investors in stocks fell by Rs.1.83 lakh crore to Rs.306.84 lakh crore.

With widespread selling in the stocks today, the prices of many stocks fell, the investors' wealth i.e. the aggregate market capitalization of the companies listed in the BSE fell by Rs.1.83 lakh crore to Rs.306.84 lakh crore in a single day.

Japan's Nikkei Index 663, Hong Kong's Hang Seng 256 points down: Moderate strength in Europe

Asian markets were universally washed out today by China's economic woes. The Nikkei 225 index of Japan's Tokyo stock market fell 6632.93 points to 31624.28, the Hang Seng index of Hong Kong fell 255.79 points to 17,956.38. Markets in European countries were moderately strong in the evening.


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