Nifty regains 19000 level on short covering: Sensex rises 635 points to 63783

MUMBAI: Funds stepped up short-covering over the weekend after a universally large correction in stocks as foreign funds largely eased long-standing overbought positions in Indian stock markets amid global negative factors, with major operators on the downside. In the Israel-Hamas war, attacks on Israel's Gaza Strip increased, and the risk of the war spreading to other countries in the Middle East increased, despite softening in European and US stock markets and crude oil prices rebounded in Indian stock markets today, with funds short-covering and expectations of corporate results, announcements in heavyweight stocks. Levali saw a quick recovery. Sensex jumped 634.65 points to close at 63782.80 and Nifty 50 spot index rose 190 points to close at 19047.25 led by banking stocks and funds led by State Bank of India, Axis Bank and Reliance Industries, HCL Technology, Infosys, Tata Motors, Nestlé India. . Out of the total 3799 scrips traded in BSE, the number of gainers was 2801 and the number of decliners was 866.

Bankex jumped 653 points

In banking-finance stocks today, BSE Bankex index jumped 653.38 points to close at 48345.74 due to short covering. Canara Bank increased by Rs.20.90 to Rs.380.75, Bank of Baroda increased by Rs.7.30 to Rs.196.60, Axis Bank increased by Rs.29.65 to Rs.1001.60, State Bank of India increased by Rs.14 .35 increased to Rs.561.50, IndusInd Bank increased by Rs.28.15 to Rs.1442.30, HDFC Bank increased by Rs.7.45 to Rs.1470.95.

Auto stocks cut sales

In automobile stocks today, the results of fund companies were picking up with partial short covering. Tata Motors increased by Rs.14.25 to Rs.640.70, Eicher Motors increased by Rs.71 to Rs.3396.30, Tube Investment increased by Rs.139.20 to Rs.3065.20, Bajaj Auto increased by Rs.109.95 to Rs. 5373.70, Maruti Suzuki's quarterly results increased by Rs.126.45 to Rs.10,552.90, Bosch by Rs.192.50 to Rs.19,814.95, Balakrishna Industries by Rs.40.60 to Rs.2598. There were 95. The BSE Auto Index rose 484.31 points to close at 36717.99.

Capital goods index increased by 634 points

In capital goods stocks too, BSE Capital Goods Index rose by 633.95 points to close at 45766.82 as funds picked up with short covering today. Praj Industries increased by Rs.24.20 to Rs.540.65, Grindwell Nottern increased by Rs.79.10 to Rs.2088, Lakshmi Machine Works increased by Rs.441.10 to Rs.13,600.20, Polycab increased by Rs.103.20. Rs.4975.40, Hindustan Aeronautics increased by Rs.33.5 to Rs.1853.05, Larsen & Toubro increased by Rs.34.80 to Rs.2899.15.

Reliance Industries jumped ahead of results

Oil-gas stocks were the pick of funds buying today. Reliance Industries rose by Rs 40.25 to Rs 2,266.45 on heavy fund buying pre-results. ONGC rose by Rs.3.40 to Rs.184.40, IOC rose by Rs.86.83, HPCL rose by Rs.1.20 to Rs.243.45. The BSE Oil-Gas Index rose 205.87 points to close at 18055.68.

313 crore purchase of DII shares

Foreign Portfolio Investors - FPIs, FIIs had a net sale of stocks worth Rs.1500.13 crore more in cash today-Friday. A total of Rs.10,860.38 crore was sold against a total purchase of Rs.9360.25 crore. While DII-domestic institutional investors had a net purchase of Rs.313.69 crore shares. A total of Rs.6822.30 crore was sold against a total purchase of Rs.7135.99 crore.

Investors' wealth increased by Rs.4.41 lakh crore

Over the weekend Sensex, Nifty based quick recovery with funds being taken in small, mid cap stocks, the wealth of investors i.e. aggregate market capitalization of listed companies in BSE increased by Rs 4.41 lakh crore to Rs 310.45 lakh crore in a day today.