Sensex rose 276 points to 65931

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MUMBAI: In contrast to caution in global markets, funds again rallied led by Reliance, metal-steel stocks after a correction in Indian stock markets today. Despite strength in US stock markets, overall weakness in Asian, European markets today and Indian rupee falling to historic new lows against the US dollar, positive factors including decline in crude oil prices and attractiveness of China's stimulus and acceleration of infrastructure projects at home led to funds in Indian stock markets. The Sensex rose 275.62 points to close at 65930.77. While the Nifty 50 spot index increased by 89.40 points to close at 19783.40. The international price of crude oil Brent was close to 81.98 dollars and New York crude was close to 77.50 dollars.

Reliance P. Will invest more Rs.20,000 crore in Bengal

In oil-gas stocks, BSE Oil-Gas Index fell 136.48 points to close at 19294.24 as funds sold overall today. However, after Reliance Chairman Mukesh Ambani announced that Reliance Industries will invest an additional Rs.20,000 crore in West Bengal and with this the attraction of Reliance's investment of Rs.45,000 crore in West Bengal, funds' buying in the stock increased by Rs.31.60 to Rs.2380. .90 was off.

Funding in metal stocks: Shine in Hindalco, Tata Steel

Funds preferred metal-mining stocks on expectations of China's stimulus measures and an acceleration of infrastructure projects at home, leading to an increase in demand for steel, metal. JSW Steel increased by Rs.14.75 to Rs.776.50, Hindalco increased by Rs.9.05 to Rs.506.40, Tata Steel increased by Rs.1.65 to Rs.126.10, Nalco increased by Rs.1.06 to Rs. 93.65, Jindal Steel rose by Rs.5.15 to Rs.654.75.

Consumer index increased by 614 points

The BSE Consumer Durables Index rose 614.51 points to close at 46,388.64 as selective funds continued to buy heavily in shares of consumer durables companies today. VIP Industries increased by Rs.14.30 to Rs.624, Rajesh Exports increased by Rs.6.40 to Rs.359.20, Voltas increased by Rs.14.95 to Rs.843.60, Titan Company increased by Rs.49.25 to Rs.3395. .10 remained.

Funds continue to value in auto stocks

Funds revalued lower in select stocks today following a profitable sell-off in automobile companies. Ashok Leyland rose by Rs 5.15 to Rs 177.30, Uno Minda rose by Rs 9.55 to Rs 653.10, Tata Motors rose by Rs 7.75 to Rs 681.80, Cummins India rose by Rs 17.95 1870.90, Hero Motocorp increased by Rs.31 to Rs.3381, Bosch increased by Rs.106.05 to Rs.20,700, Mahindra & Mahindra increased by Rs.6.40 to Rs.1560.25. The BSE Auto Index rose 160.60 points to close at 38411.08.

FPI/FII net sale of Rs.456 crore

FIIs sold shares worth Rs.455.59 crore in cash today-Tuesday. A total of Rs.10,927.42 crore was sold against a total purchase of Rs.10,471.83 crore. While DII-domestic institutional investors had a net purchase of Rs.721.52 crore shares.

Investors' wealth increased by Rs.78 thousand crores

Today Sensex, Nifty based bullish with small, mid cap, cash stocks bullish, investor wealth i.e. aggregate market capitalization of companies listed in BSE increased by Rs.78 thousand crores to Rs.328.13 lakh crores in a single day today.

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