Sensex fell 353 points to 72790 on selling pressure in leading stocks

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MUMBAI: Frontline, index heavyweights Asian Paints, Titan started the week on a negative note with funds in IT, metal-mining, banking stocks offloading today. The global markets also broke today after the record boom. Funds became cautious due to the retreat in the markets of Asia and Europe. Inflation figures to be released in the US There was global caution as the possibility of a Federal Reserve interest rate cut hinged on it. In Indian stock markets, funds held Asian Paints, Titan Company, Bharti Airtel along with metal stocks Tata Steel, JSW Steel and IT stocks TCS, Tech Mahindra, Infosys along with banking stocks Axis Bank. , including Kotak Bank was sold. The Sensex finally closed down 352.67 points at 72790.13 and the spot Nifty closed down 90.65 points at 22122.05.

IT Index 409 points, TCS Rs.52, Persistent Rs.220, Tech Mahindra Rs.24

The BSE IT index fell 409.49 points to close at 38218.82 as funds booked big profits in IT-software services, technology stocks today. TCS fell by Rs.51.55 to Rs.4000.40, Tech Mahindra fell by Rs.24 to Rs.1297.80, Persistent fell by Rs.220.30 to Rs.8431.95, 63 Moons Technology fell by Rs.14.85 to Rs.497. .30, Emphases by Rs.48.90 to Rs.2675.90, LTI Mindtree by Rs.78.20 to Rs.5466.05, Infosys by Rs.18.35 to Rs.1658.65, HCL Technology by Rs.17.70 It fell to Rs.1648, Wipro fell by Rs.3.85 to Rs.532.20.

Increasing competition in the paint industry; Asian Paints fell by Rs.116; Sold in Titan, Blue Star

Asian Paints fell by Rs 116.40 to close at Rs 2,868.40 today amid a sell-off amid expectations that Aditya Birla Group's massive entry into the paint industry will intensify competition. While Blue Star decreased by Rs.31.70 to Rs.1261.50, Titan Company decreased by Rs.71.90 to Rs.3621.05, CG Consumer decreased by Rs.5.20 to Rs.288.05, Whirlpool of India decreased by Rs.12. 40 decreased to Rs.1262. The BSE Consumer Durables Index closed down 641.71 points at 50,795.84.

Funds eased bullish trade in metal stocks; SAIL, Hindalco, Tata Steel, Jindal Steel declined

The BSE Metal Index fell 347.30 points to close at 27049.31 as funds eased bullish trade in metal-mining stocks today. SAIL fell by Rs.3.85 to Rs.124.20, Hindalco fell by Rs.13.20 to Rs.505.05, Tata Steel fell by Rs.2.90 to Rs.142.60, NMDC fell by Rs.3.55 to Rs.234. .95, JSW Steel fell by Rs.11.95 to Rs.809, Vedanta fell by Rs.3.15 to Rs.265.25.

Alchem ​​Lab falls Rs 359 on Rs 1,000 crore tax report; Mankind, Dishman tumbled

Funds saw big offloading in healthcare-pharmaceuticals companies stocks today. Alchem ​​Laboratories fell by Rs 359.30 to Rs 5060.30, Mankind Pharma fell by Rs 88.60 to Rs 2064.85, Dishman Carbogen fell by Rs 7.85 to Rs 237 amid reports of Rs 1,000 crore tax related allegations. 75, Metropolis fell by Rs.54.85 to Rs.1691, Morpen Lab fell by Rs.1.57 to Rs.51.83, Sun Pharma Advance fell by Rs.9.15 to Rs.349.10, Novartis India fell by Rs.22.90 995.70, Bliss GVS fell by Rs.2.60 to Rs.129.65.

Profit booking in banking stocks; AU Small Bank, Axis Bank, Kotak Bank, ICICI declined

BSE Bankex index fell 281.57 points to close at 52913.82 due to profit booking in banking-finance stocks today. AU Small Finance fell by Rs.11.60 to Rs.588.10, Axis Bank fell by Rs.13.20 to Rs.1084.30, Kotak Mahindra Bank fell by Rs.15 to Rs.1709.80, Indus Bank fell by Rs.10.85 It was Rs.1470.25. While HDFC Bank increased by Rs.13 to Rs.1433.90. Along with this, New India Assurance decreased by Rs.11 to Rs.268.55, Bandhan Bank decreased by Rs.6.55 to Rs.201.85, General Insurance decreased by Rs.10.25 to Rs.410.85.

Attraction in capital goods stocks; Bharat Forge Rs.43, Larson Rs.80, Grindwell Noten rose Rs.38

In capital goods stocks, the BSE Capital Goods Index rose 475.59 points to close at 57207.70 as funds continued to buy. Bharat Forge increased by Rs.43.35 to Rs.1175.95, Sona BLW increased by Rs.16.35 to Rs.665.25, Larsen & Toubro increased by Rs.80 to Rs.3469.80, Grindwell Noten increased by Rs.37.90 to Rs. .2173.80, Siemens rose by Rs.26.65 to Rs.4564.40, Hindustan Aeronautics rose by Rs.8.70 to Rs.3053.55.

Small, mid-cap, cash stocks surge in profitable broad sell-off; 2268 shares closed negative

Small, mid cap, cash stocks today turned market breadth negative due to widespread profit selling with many stocks rallying. Out of the total 4018 scrips traded in BSE, the number of gainers decreased to 1710 and the number of decliners increased to 2268.

Investor's asset-market cap. Rs.1.02 lakh crore decreased to Rs.392.02 lakh crore

The week started on a dull note today with Sensex, Nifty based falling and large sell off in small, mid cap, A group stocks leading to a decline in the prices of many stocks, investors' wealth i.e. aggregate market capitalization of BSE listed companies fell by Rs.1.02 lakh crore in a single day today to Rs. 392.02 lakh crore remained.

FPI/FII's net sale of shares worth Rs.285 crore; DII's net sales of Rs.5 crores

Foreign Portfolio Investors - FPIs, FIIs had a net sale of Rs.285.15 crore in cash today on Monday. A total of Rs.12,810.46 crore was sold against a total purchase of Rs.12,525.31 crore. While DII-domestic institutional investors saw net selling of shares worth Rs.5.33 crore today. A total of Rs.8532.15 crore was sold against a total purchase of Rs.8526.82 crore.

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