1053 in Sensex, 333 points gap in Nifty

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Preparation to implement strict beneficiary norms for foreign investors from 1st Feb

MUMBAI: Capital market regulator Securities and Exchange Board of India (SEBI) is preparing to implement stricter norms for identifying foreign investors while investing in Indian stock markets from February 1. Funds rallied in the Indian stock markets as reports of foreign investors selling an estimated Rs.1.5 lakh crore to Rs.2 lakh crore in the coming days and China preparing a $278 billion package to prevent the fall of the stock market have opened the door to recession. had given The initial tumultuous surge in stocks proved deceptive. Even as the preparations for the Lok Sabha elections and the budget fever started in the market, the bullish players eased the massive bullish trade with a quick jump in opportunities.

Among the early bulls, Sun Pharma, Bharti Airtel, ICICI Bank, TCS, etc. gained 615.55 points to end at 72039.20 and spot Nifty rose 178.45 points to end at 21750.25. Due to the rise, the funds hammered in particular banking-finance stocks including HDFC Bank, IndusInd Bank, State Bank of India. Along with this, the funds sold capital goods, consumer goods, metal, FMCG, oil-gas stocks and the Sensex plunged by 1189.15 points to 70234.55 and finally closed by 1053.10 points at 70370.55 While the Nifty 50 spot index fell by 379.20 points intra-day to a low of 21192.60 and finally closed by 333 points at 21238.80.

1100 points crash in Bankex

In banking-finance stocks, several stocks fell today as funds sold off on a whim. The BSE Bankex index fell by 1100.70 points to close at 51132.35. IDFC First Bank fell Rs.5.94 to Rs.81.73, IndusInd Bank fell by Rs.82.40 to Rs.1451.65, AU Small Bank fell by Rs.33 to Rs.714.30, Axis Bank fell by Rs.39.20 1081.55, State Bank of India fell by Rs.21 to Rs.610.50, HDFC Bank fell by Rs.40 to Rs.1438.65, Kotak Mahindra Bank fell by Rs.30.30 to Rs.1776.15. While ICICI Bank's good quarterly result increased by Rs.18.05 to Rs.1026.35.

Gaps in PSU stocks

Railways, capital goods, PSU stocks today overturned the boom and there were gaps as players, funds, investors bet to sell massively. Rail Vikas fell by Rs.26.55 to Rs.294.20, BHEL fell by Rs.11.95 to Rs.207.80, Hindustan Aeronautics fell by Rs.95.05 to Rs.2911.45, Bharat Forge fell by Rs.28.75 to Rs. .1195.20, Timken fell by Rs.45.65 to Rs.3380.30. The BSE Capital Goods Index lost 1441.22 points to close at 55860.01.

Pulse in Metal Index

Metal-mining stocks took a hit today amid reports of a $278 billion package to bail out the struggling Chinese economy and a mega-stimulus package in China. In Jindal shares, the selloff saw Jindal Steel fall by Rs.30.10 to Rs.699.25, Jindal Stainless by Rs.22.80 to Rs.552.55, SAIL by Rs.4.40 to Rs.110.55, Hindalco by Rs.14. 55 fell to Rs.546.20, Tata Steel fell by Rs.2.25 to Rs.31.65, JSW Steel fell by Rs.10.95 to Rs.797.25.

Small-Mid Cap Indices Crash

Behind the banking stocks today, Sensex, Nifty were once again in a huge ruckus, funds were sold off in many stocks, recession, recession, recession, market breadth became extremely bad due to wide gaps in small, mid cap, cash stocks. Out of the total 4067 scrips traded in BSE, the number of gainers was only 886 and the number of decliners was 3049. BSE Small Cap Index fell by 1245.11 points to close at 43378.40 and BSE Mid Cap Index fell by 1133.14 points to close at 37247.84.

DII's purchase of Rs.214.40 crore

Foreign Portfolio Investors - FPIs, FIIs had a net sale of Rs.3115.39 crore in cash today-Tuesday. A total of Rs.29,506 crore was sold against a total purchase of Rs.26,390.61 crore. While DII-domestic institutional investors had a net purchase of Rs.214.40 crore worth of shares today. A total of Rs.14,639.47 crore was sold against a total purchase of Rs.14,853.87 crore.

Investors' wealth fell to Rs.365.97 lakh crore

Like last Wednesday, funds hammered the banking stocks and sold off in the stocks of other sectoral companies, and a number of small, mid-cap, A group stocks took a beating. Investors' wealth in the stocks, i.e. the aggregate market capitalization of the companies listed in the BSE, fell in a single day today. .8.43 lakh crore was washed away to Rs.365.97 lakh crore.

Oil-gas stocks tumbled

Oil-gas stocks also witnessed a bullish reversal today after a short-term rally in the past few days. Indian Oil Corp-IOC fell by Rs 7.30 to Rs 140.75, Hindustan Petroleum Corporation-HPCL fell by Rs 21.55 to Rs 447.60, Adani Total Gas fell by Rs 46.10 to Rs 1001.80, BPCL It fell by Rs.18.15 to Rs.464.45, ONGC fell by Rs.8.55 to Rs.233.30, Reliance Industries fell by Rs.54.30 to Rs.2658.90. The BSE Oil-Gas Index fell by 1,000.97 points to close at 24,272.38.

Big wash in consumer durables stocks

BSE Consumer Durables Index fell by 1043.59 points to close at 49929.58 as funds offloaded heavily in the stocks of consumer durables companies. Havells India fell by Rs.65.80 to Rs.1307.30, Rajesh Exports fell by Rs.8.55 to Rs.357.45, CG Consumer fell by Rs.7.15 to Rs.303.15, Whirlpool of India fell by Rs.30.10 Decreased to Rs.1324.30, Titan Company decreased by Rs.72 to Rs.3712.95, Dixon Technology decreased by Rs.104.65 to Rs.5913.40.

Slowdown in auto stocks

Automobile companies also traded in wide gaps today amid talk of funds falling into recession. MRF fell by Rs.3940.65 to Rs.1,41,370, Balkrishna Industries by Rs.116.30 to fall to Rs.2646.90, Tube Investments by Rs.99.85 to fall to Rs.3959.15, Ashok Leyland by Rs.3.90 fell to Rs.170.50, Eicher Motors fell by Rs.53.35 to Rs.3645.05, Mahindra & Mahindra fell by Rs.21.15 to Rs.1602.65, Bosch fell by Rs.271.50 to Rs.22,751.65 were staying

Realty stocks tumbled

In realty companies too, many stocks tumbled as funds began to dent massive bullish trades. Oberoi Realty fell by Rs.136.20 to Rs.1367.65, Macrotech Developers fell by Rs.89.45 to Rs.1039, Shobha Developers fell by Rs.113.35 to Rs.1363.05, Prestige Estate fell by Rs.93.10 to Rs. 1195.30, DLF fell by Rs.25.10 to Rs.750.80, Phoenix Mills fell by Rs.47.20 to Rs.2446.55. The BSE Realty Index fell 371.66 points to close at 6438.63.

Gaps in FMCG stocks

In the FMCG stocks today, the BSE FMCG index fell by 369.60 points to close at 19805.48 due to heavy offloading by funds. Andrew Yule fell by Rs.3.55 to Rs.43.95, Avanti Feeds fell by Rs.27.35 to Rs.516.95, Britannia Industries fell by Rs.233.15 to Rs.4930, Hindustan Unilever fell by Rs.96.80 to Rs. 2372.50, DCM Shriram fell by Rs.6.60 to Rs.183.65.

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