New history of 22252 in Nifty behind IT stocks

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Mumbai: On the global front, the stock markets of India, Europe, Japan saw a record rise today. Sensex, Nifty rallied to record highs today as Japan's Tokyo stock market's Nikkei 225 index hit its 1989 all-time high and US stock market Nasdaq followed by a record bullish march in Asian and European markets today. had jumped. The Nikkei 225 index of Japan's Tokyo stock market jumped 836.52 points to close at its highest level since 1989 at 39,098.68. In Europe, Germany's dex rose 178 points to 17296, France's Keck 40 index rose 52 points to 7864. Nifty 50 index made a new history at 22252.50. While the Sensex touched 73256.39 near its all-time high of 73427.59.

The US Global markets rally behind Nasdaq despite no sign of Fed interest rate cut

Funds again traded aggressively today in IT-software services, technology frontline stocks with heavy buying on strong outlook with Nvidia's results and select aggressive rally in automobile, FMCG, capital goods stocks. Along with this, the Nifty 50 spot index finally closed at a new record high of 22217.45 after an increase of 162.40 points. While the Sensex increased by 535.15 points to close at 73158.24. Small, mid-cap stocks were also undervalued by funds, which led to a broad rally. In spite of the indication in the minutes of the American Federal Reserve that the interest rate is not likely to be reduced in the short term, the good quarterly results of the chip manufacturer Nvidia and the outlook, the Nasdaq stock market rose by two percent yesterday, there was a record boom in the global markets today, especially in the markets of Japan, India, and Europe.

Nvidia's strong revenue estimates send IT stocks into a storm: Quick Hill, Nelco, HCL rise

Global IT chip maker giant Nvidia Corp. Funds bought heavily in Indian IT stocks along with global IT stocks today as future revenue estimates were presented strong with better-than-expected growth in sales as a result. The BSE IT index rose 695.35 points to close at 38685.69. HCL Technology rose by Rs.51.10 to Rs.1686.75, Oracle Finserv by Rs.190.65 to Rs.7930, TCS by Rs.97.15 to Rs.4086.45, Tech Mahindra by Rs.30.05 to Rs.1327 .30, Wipro by Rs.10.10 to Rs.531.25, Quick Hill Technology by Rs.64.75 to Rs.546.15, Nelco by Rs.47 to Rs.802, 63 Moons Technology by Rs.24.30 to Rs. .510.40, cent rose by Rs.85.05 to Rs.2049.

Auto index up 862 points: Cummins up Rs.158, Bajaj up by Rs.276, Eicher up by Rs.120

The BSE Auto Index rose 861.89 points to close at 47426.83 as funds bought aggressively in the stocks of automobile companies today. Cummins India rose by Rs.158.20 to Rs.2766.05, Bajaj Auto by Rs.276.30 to Rs.8505.30, Eicher Motors by Rs.119.70 to Rs.3954.15, Mahindra & Mahindra by Rs.48.55 increased to Rs.1908.60, Maruti Suzuki increased by Rs.205.80 to Rs.11,675.50, TVS Motor increased by Rs.32.90 to Rs.2126.35, Bosch increased by Rs.431.35 to Rs.28,500, Tata Motors rose by Rs.11.05 to Rs.932.10.

Capital Goods Index rose 993 points: ABB rose by Rs.442, Thermax rose by Rs.175, Siemens rose by Rs.109.

In capital goods stocks today, the BSE Capital Goods Index jumped 992.87 points to close at 56071.10 as funds bought aggressively. ABB India rose by Rs.442.20 to Rs.5431.50, Thermax by Rs.175.05 to Rs.3720.40, Bharat Electronics by Rs.6.35 to Rs.194.95, BHEL by Rs.6.55 to Rs. 228.55, KPIL by Rs.24.50 to Rs.937, Siemens by Rs.108.95 to Rs.4550.65, Laxmi Machine Works by Rs.314.55 to Rs.14,900, Larsen & Toubro by Rs.67. 70 up to Rs.3364.05, Hindustan Aeronautics rose by Rs.55.90 to Rs.3004.50.

ITC rose Rs.11 to Rs.414 : Agro Tech rose by Rs.156 to Rs.1046 : Godfrey, Varun Beverages rose

The BSE FMCG index rose 184.57 points to close at 19622.91 as funds bought heavily in the FMCG stocks today. Agro Tech Foods rose by Rs.156 to Rs.1046.25, Associated Alcohol rose by Rs.39.10 to Rs.507.25, Godfrey Philip rose by Rs.130.45 to Rs.2769.05, ITC rose by Rs.11 to Rs.414. 30, DCM Shriram increased by Rs.5.60 to Rs.217, Varun Beverages increased by Rs.33.45 to Rs.1497.15, Parag Milk increased by Rs.4.70 to Rs.259.75.

Coal India up Rs 12 to Rs 445: NMDC, Hindalco, Jindal Steel, Tata Steel attract

Funds also made selective purchases in metal-mining stocks today on the back of government restrictive measures to prevent erosion in Chinese markets and a record rally in Japan's Tokyo stock market in Europe, Asia on the other hand. Coal India increased by Rs.12.45 to Rs.445.40, NMDC increased by Rs.6.35 to Rs.238.90, Hindalco increased by Rs.9.35 to Rs.521.25, Jindal Steel increased by Rs.11.85 to Rs. 783.50, Tata Steel rose by Rs.2 to Rs.145.85, Jindal Stainless rose by Rs.4.25 to Rs.642.35. The BSE Metal Index rose 358.27 points to close at 27486.80.

Small, mid-cap stocks reduce valuations, again market breadth positive: 2012 stocks close positive

After yesterday's rout in small, mid-cap stocks, the market breadth turned positive again today due to selective buying by small funds, high net worth investors. Out of the total 3933 scrips traded in BSE, the number of gainers was 2012 and the number of decliners was 1815.

Investor's asset-market cap. Rs.3.30 lakh crore increased to a new high of Rs.392.17 lakh crore

Sensex, Nifty based Aggressive rally in the stocks along with small, mid cap, A number of stocks rose, investors' wealth in stocks i.e. aggregate market capitalization of listed companies in BSE increased by Rs.3.30 lakh crore in a single day today to a new high of Rs.392.17 lakh crore. reached a historic high.

FPI/FII's net sale of shares Rs.1410 crore : DII's net purchase of Rs.1824 crore

Foreign Portfolio Investors-FPIs, FIIs had a net sale of Rs.1410.05 crore in cash today Thursday. A total of Rs.15,786.62 crore was sold against a total purchase of Rs.14,376.57 crore. While DII-domestic institutional investors had a net purchase of Rs.1823.68 crore shares today. A total of Rs.8649.41 crore was sold against a total purchase of Rs.10,473.09 crore.

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