Boom in the stock market: Rs. 4 lakh crore increase in the wealth of investors

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Mumbai: Global markets rallied today on the back of US stock markets as India's quarterly economic growth-GDP growth numbers rose to a surprising 8.4 percent, and US inflation numbers rose with positive news including accelerating industrial growth, discounting this factor and raising the possibility of a cut in interest rates. was done In the Indian stock markets, on the first day of March, local funds rallied aggressively in stocks, overpowering bearers. The bullish storm in Banking-Finance, Automobile, Capital Goods, Metal-Mining, Oil-Gas stocks took the Sensex to a new all-time high of 73819.21 and finally rose 1245.05 points to close at 73745.35. While the Nifty 50 spot made a new record high of 22353.30 and finally closed at a new historical high of 22338.75 by rising 355.95 points.

Back stocks soared

In banking-finance stocks today, the BSE Bankex index rose 1298.68 points to close at 53755.26 as funds bought aggressively in frontline stocks. IndusInd Bank rose by Rs.50.75 to Rs.1526.15, ICICI Bank by Rs.33.45 to Rs.1086.90, State Bank of India by Rs.20 to Rs.769.30, Axis Bank by Rs.23.65 1099.35, Kotak Mahindra Bank increased by Rs.36.45 to Rs.1727.25, HDFC Bank increased by Rs.28.40 to Rs.1431.15, Bank of Baroda increased by Rs.5.35 to Rs.271.10, IDFC First Bank increased by Rs.1.27 to Rs.82.27.

Fi. Service stocks surge

Funds in financial services, among other banking stocks were aggressively buying today. BF Investment rose by Rs.62.70 to Rs.630.70, Kalyani Investment rose by Rs.393.10 to Rs.4381.20, IIFL Finance rose by Rs.32.25 to Rs.621.75, One 97 Paytm rose by Rs.20.25 increased by Rs.425.45, Tata Investment Corp increased by Rs.363.55 to Rs.7635.10, Tourism Finance increased by Rs.11.95 to Rs.251.90, Rane Holdings increased by Rs.50.20 to Rs.1108.95, PNB Housing increased by Rs.32.25 to Rs.726.35, REC increased by Rs.17.35 to Rs.459.65.

Capital goods stocks rose

BSE Capital Goods Index jumped 1427.96 points to close at 58842.59 on aggressive fund buying in capital goods stocks today. LG Equipment increased by Rs.31.75 to Rs.682.25, CG Power increased by Rs.21.10 to Rs.464.95, Larsen & Toubro increased by Rs.152.90 to Rs.3634.50, BHEL increased by Rs.7.75 Rs.235.20, Lakshmi Machine Works increased by Rs.470.15 to Rs.14,935, Bharat Forge increased by Rs.33.85 to Rs.1185.

Auto stocks rally again

The BSE Auto Index rose by 1045.28 points to close at 47864.58 as the stocks of automobile companies also rallied again today. Tube Investment increased by Rs.234.80 to Rs.3717.75, TVS Motor increased by Rs.100.65 to Rs.2242.45, Maruti Suzuki increased by Rs.338.70 to Rs.11,608.05, Tata Motors increased by Rs.26. 40 up to Rs.977.20, Apollo Tires up by Rs.12 to Rs.530.40, Mahindra & Mahindra up by Rs.38.85 to Rs.1972.65, Hero Motocorp up by Rs.77.90 to Rs.4504.40, Bajaj Auto increased by Rs.128.20 to Rs.8039.

The metal index rose by 1032 points

In metal-mining stocks too, funds bought heavily today, with the BSE Metal Index rising 1031.69 points to close at 27,896.94. SAIL rose by Rs.11.85 to Rs.133.15, Tata Steel rose by Rs.9.10 to Rs.150, Jindal Steel rose by Rs.46 to Rs.822.65, JSW Steel rose by Rs.35.70 to Rs.835.85. , Hindalco increased by Rs.16 to Rs.519.10, NMDC increased by Rs.5.20 to Rs.231.15, Jindal Stainless increased by Rs.14.15 to Rs.653.90, Coal India increased by Rs.8.65 to Rs.446 .35 remained.

Consumer durables stocks rally

BSE Consumer Durables Index rose 1136.68 points to close at 52360.97 due to the aggressive rise of funds in the stocks of consumer durables companies today. Dixon Technology increased by Rs.328.15 to Rs.7009.65, Titan Company increased by Rs.135.35 to Rs.3764.70, Blue Star increased by Rs.36.75 to Rs.1307.75, Aditya Birla Fashion increased by Rs.4.20 increased to Rs.229.60.

Extensive buying in oil-gas stocks

In oil-gas stocks today, the BSE Oil-Gas index rose by 591.60 points to close at 28,256.24 as funds bought again. Petronet LNG increased by Rs.9.25 to Rs.282.60, BPCL increased by Rs.19.05 to Rs.623.50, Linde India increased by Rs.161.55 to Rs.5543.25, IOC increased by Rs.4.10 to Rs. 169.70, ONGC increased by Rs.5.75 to Rs.270.65, Reliance Industries increased by Rs.61.25 to Rs.2986, HPCL increased by Rs.7.40 to Rs.516.80.

Funds sold stocks of healthcare-pharmaceuticals companies. In the healthcare sector, pharma-healthcare stocks saw a sell-off today as the government is concerned about exorbitant rates being charged by hospitals for various treatments and the move to fix treatment rates. Max Healthcare decreased by Rs.58.70 to Rs.736.40, Global Health decreased by Rs.65.75 to Rs.1298.60, Healthcare Global decreased by Rs.14.35 to Rs.348, Ajanta Pharma decreased by Rs.77.25 to Rs. 2127.25, Dr. Reddy's Lab decreased by Rs.223 to Rs.6197.40, Narayan Hudalya decreased by Rs.37.65 to Rs.1296.25.

Attractiveness in small, mid cap stocks

The market breadth was positive as funds, high net worth investors took in large numbers in small, mid cap, cash stocks today. Out of the total 3947 scrips traded in BSE, the number of gainers was 2366 and the number of decliners was 1489.

Investors' wealth increased to Rs.392.25 lakh crore

Due to all-round aggressive buying in the stocks today, the wealth of the investors in the stocks i.e. the aggregate market capitalization of the companies listed in the BSE increased by Rs.4.3 lakh crore to Rs.392.25 lakh crore in a day.

FIIs' net purchases of Rs.129 crore

Foreign Portfolio Investors - FPIs, FIIs had a net purchase of Rs.128.94 crore in cash today on Friday. A total of Rs.15,583.68 crore was sold against a total purchase of Rs.15,712.62 crore. While DII-domestic institutional investors had a net purchase of Rs.3814.53 crore shares today. A total of Rs.8173.45 crore was sold against a total purchase of Rs.11,987.98 crore.

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