The Sensex jumped 702 points to a new record high of 72038

-


MUMBAI: Local foreign institutional investors, foreign portfolio investors made history today with all-round aggressive buying in large cap stocks as Sensex, Nifty based hit new all-time highs, bringing a Santa rally to Indian stock markets ahead of 2023 farewell. The Sensex finally hit a new record high of 72100 and the Nifty at 21675. Funds, maharathis bought heavily in large cap stocks easing the bullish trade with a surge in small, mid cap stocks. Buying in automobile, metal-mining, healthcare, IT-software services, consumer durables, capital goods stocks along with banking-finance frontline heavyweights kept the market in the bullish zone for the fourth consecutive day today.

Aggressive buying of funds on signs of falling interest rates, strong hopes of BJP coming back to power at the Centre

The US Funds became big buyers of stocks in anticipation of a possible rate cut by the Federal Reserve in 2024, low prevailing crude oil prices, rising optimism that the BJP will return to power at the center in the 2024 Lok Sabha polls, anticipating a pick-up in economic growth. The Sensex made a big jump today at a new high of 72119.85 to close by 701.63 points at a new record high of 72038.43 and Nifty 50 made a new all-time high of 21675.75 to close at a new high of 21654.75 up 213.40 points.

Bankex rises 586 points: Bank of Baroda, IndusInd Bank, State Bank, HDFC Bank rise

Funds bought aggressively in banking-finance stocks today. Bank of Baroda increased by Rs.6.70 to Rs.231.85, IndusInd Bank increased by Rs.20.20 to Rs.1591.55, State Bank of India increased by Rs.5.60 to Rs.643.55, HDFC Bank increased by Rs.14 .55 up to Rs.1697.65, IDFC First Bank stood at Rs.88.96. Along with this, the BSE Bankex index increased by 585.52 points to close at 54437.38.

Boom in auto stocks: Tata Motors rose by Rs.21 to Rs.740: Bajaj Auto rose by Rs.210 to Rs.6673

Funds, maharathis were bullish on auto stocks today, anticipating overall lower crude oil prices and year-on-year purchases of vehicles in the country and a sharp increase in the profitability of automobile companies. Bajaj Auto rose by Rs.209.65 to Rs.6673.30, Tata Motors rose by Rs.20.85 to Rs.740.50, Apollo Tires rose by Rs.7.65 to Rs.438, Tube Investment rose by Rs.50.80 to Rs. 3654.30, Eicher Motors rose by Rs.55.45 to Rs.4097, Mahindra & Mahindra rose by Rs.18.90 to Rs.1680.60, TVS Motor rose by Rs.20.15 to Rs.2016.75, Bosch rose by Rs.150. 10 increased to Rs.22,028.05, MRF increased by Rs.323.65 to Rs.1,20,566. The BSE Auto Index rose 543.45 points to close at 41390.87.

Local funds buying in metal stocks: Hindalco rose by Rs.21 to Rs.601: JSW, SAIL strengthened

While overall economic uncertainty in China persisted, funds bought heavily in select metal stocks in anticipation of a big pick-up in demand for the metal on the back of the government's big spending projects in the infrastructure sector at home. Hindalco rose by Rs.21.15 to Rs.601, JSW Steel by Rs.19.85 to Rs.871.25, SAIL by Rs.2.05 to Rs.115.72, Tata Steel by Rs.1.80 to Rs.137, Vedanta rose by Rs.1.80 to Rs.252.50, Jindal Steel rose by Rs.4.90 to Rs.734.35. The BSE Metal Index rose 348.96 points to close at 26525.17.

Continued buying in healthcare stocks due to rising Corona outbreak: Gujarat Themis, Aarti Pharma, Gland rally

Amidst the continuous increase in Corona cases in the country and reports of deteriorating situation in Gujarat, Karnataka, Kerala, there was selective buying in the stocks of Healthcare-Pharmaceuticals companies today. Gujarat Themis increased by Rs.31.80 to Rs.228.60, Syncom Formulation increased by Rs.1.07 to Rs.15.20, Aarti Pharma increased by Rs.24.25 to Rs.529.75, Mankind Pharma increased by Rs.89.30 2014.95, Poly Medicure increased by Rs.65.80 to Rs.1506.85, Gland increased by Rs.83.20 to Rs.1973.70, Novartis India increased by Rs.24.30 to Rs.745.05, Tarsons Product Rs. .17.35 increased to Rs.551.20, Alchem ​​Lab increased by Rs.109.40 to Rs.5083.15, Sun Pharma Advance increased by Rs.5.70 to Rs.264.45.

Black box in IT stocks rises by Rs.13 to Rs.265: Tanla, Zensar, Infosys, HCL rise

The BSE IT index rose 245 points to close at 36258.84 as funds traded lower in IT-software services, technology stocks today. Black Box increased by Rs.12.60 to Rs.264.65, Tanla Platforms increased by Rs.24.60 to Rs.1109, Zensar Technology increased by Rs.10.90 to Rs.630.25, Rategain Travel increased by Rs.10.65 to Rs. 740.20, Infosys increased by Rs.13.95 to Rs.1558.45, HCL Technology increased by Rs.12.90 to Rs.1470.95, Persistent increased by Rs.55.55 to Rs.7413.50, Oracle Finserv increased by Rs.28. 95 increased to Rs.4187.95.

Small Cap, Mid Cap, Cash Stocks Bounced and Funded in Large Cap Stocks: 1945 Positive Close

With the Sensex, Nifty-based record rally, funds bought heavily in select small, mid-cap stocks today, especially large-cap stocks. Of course many small, mid cap stocks saw offloading on the rise. Market breadth was positive. Out of the total 3914 scrips traded in BSE, the number of gainers was 1945 and the number of decliners was 1859. The BSE Small Cap Index rose 83.80 points to close at 42286.91 and the BSE Mid Cap Index rose 147.16 points to close at 36286.89.

FPI/FII's net purchase of Rs.2926 crore in cash : DII's net sale of Rs.192 crore

Foreign Portfolio Investors - FPIs, FIIs had a net purchase of shares worth Rs.2926.05 crore in cash today-Wednesday. A total of Rs.7728.06 crore worth of shares were sold against a total purchase of Rs.10,654.11 crore. While DII-domestic institutional investors made a net sale of shares worth Rs.192.01 crore today. A total of Rs.9328.76 crore was sold against a total purchase of Rs.9136.75 crore.

Investor's asset-market cap. Rs.2.40 lakh crore increased to a new record high of Rs.361.32 lakh crore

Sensex, Nifty based large cap stocks led by funds led a big rally as buying in frontline stocks remained attractive as investor wealth i.e. aggregate market capitalization of BSE listed companies rose by Rs 2.40 lakh crore to a new historic high of Rs 361.32 lakh crore in a single day today. had arrived.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more