Nifty 22126 created a new history and closed at 21854 with a gain of 156 points – News India Live


Mumbai: The Modi government yesterday presented an encouraging interim vote-on-account budget with developmental provisions for each category of the Union Budget, but the markets yesterday did not react as expected. Funds, majors made aggressive buying in oil-gas stocks as well as IT stocks, led by IT-software services giant TCS, and metal-mining stocks. Of course, after a choppy early rally in stocks today, a quarter of the rally has faded as traders sold profits. In early gains, the Nifty 50 spot index jumped 429.35 points to a new all-time high of 22,126.80. Due to the rise, there was selling in HDFC shares as well as FMCG shares and due to partial profit booking due to surge in IT shares, the rise was limited to 156.35 points and closed at 21853.80. While initially the Sensex jumped 1444.10 points to reach 73089.40 points, after losing one-fourth of the jump, it finally closed at 72085.63 points with a rise of 440.33 points.

Reliance up by Rs 62 to Rs 2915: BPCL up by Rs 50 to Rs 558: Oil index up by Rs 1094

Funds bought aggressively in oil-gas stocks today as international crude oil prices fell from higher levels, with a significant increase in the profitability of oil marketing companies. BPCL increased by Rs 49.80 to Rs 558.10, Indian Oil Corporation increased by Rs 13.30 to Rs 163, Hindustan Petroleum Corporation-HPCL increased by Rs 23.40 to Rs 489.15, ONGC increased by Rs 9.60 to Rs 257.25, Reliance Industries increased by Rs 62.05 to Rs 2914.75, GAIL’s price increased by Rs 4. Increase by Rs.50 It became Rs 178.15. BSE Oil-Gas Index jumped 1094.07 points to close at 27005.37.

Fund storm in IT shares: Cynt rises by Rs 168 to Rs 2108: TCS rises by Rs 115 to Rs 3967

Due to the encouragement of the Union Budget, IT-Software Services, Technology Sector Funds made big purchases today. TCS up by Rs 114.90 at Rs 3966.35, Coforge up by Rs 189.35 at Rs 6360.05, Cient up by Rs 168.05 at Rs 2108, Rategain Travel up by Rs 46.25 at Rs 841.30, Wipro up by Rs 100. It increased by Rs 11.85 to Rs 483, Infosys increased by Rs 37.40 to Rs 1693.85, Persistent by Rs 223.55 to Rs 8515, LTI Mindtree increased by Rs 115.45 to Rs 5481, Tech Mahindra increased by Rs 26.70 to Rs 1338.65. BSE IT index closed at 38045.10, up 809.51 points.

Rise in metal stocks: Jindal Stainless, SAIL, NMDC, Jindal, Tata Steel rise.

Funds bought heavily in metal-mining stocks on expectations of a boost in metal demand due to planned new government projects in the infrastructure sector in India amid further uncertainty in China. SAIL rose by Rs 9 to Rs 128.30, Jindal Stainless rose by Rs 31.50 to Rs 596.50, Jindal Steel rose by Rs 33.80 to Rs 776.10, NMDC rose by Rs 10.15 to Rs 235.50, Coal India BSE Metal Index rose by Rs 12.85 to Rs 419.55, Tata Steel rose by Rs 3.90 to Rs 138.70, J SW Steel rose by Rs 22 to Rs 823.80, Hindalco rose by Rs 12.85 to Rs 584. closed at 27275.50, up 780.44 points.

PSU index 17937 new high: Punjab Sindh Bank, NBCC, Engineers, SJVN rise

BSE PSU index rose 495.21 points to hit a new record high of 17936.97 today as funds continued to buy PSU shares. Punjab & Sind Bank rose by Rs 10.82 to Rs 64.93, NBCC India rose by Rs 27.15 to Rs 169.20, SJVN rose by Rs 14.75 to Rs 142.25, Engineers India rose by Rs 24.65 to Rs 261.55, NHPC rose by Rs 9.23 to Rs 100,634, MRPL rose by Rs 12.40 to Rs 19. Rs 1.60, PNB MMTC rose by Rs 6.60 to Rs 125.45, MMTC rose by Rs 4.30 to Rs 83.09.

Profit booking in FMCG stocks: Godrej Agrovet, Hind. Unilever, Dabur, Kaveri Seed fall

Funds booked profits in FMCG shares today. Despite Godrej Agrovet’s quarterly net profit rising by 26.3 per cent to Rs 84.6 crore, the stock fell by Rs 19.60 to Rs 546.10, Kaveri Seed fell by Rs 22.75 to Rs 692.70, CCL Products fell by Rs 20.40 to Rs 649.50, Gokul Agro’s net profit fell by Rs 20.40 to Rs 649.50. Went. ITC fell by Rs 2.80 to Rs 121, Hindustan Unilever fell by Rs 19.20 to Rs 2455, ITC fell by Rs 1.55 to Rs 441.30.

Gain in auto stocks: Hero MotoCorp, TVS Motor, Cummins, Apollo Tyres, Mahindra gained.

Funds again bought heavily in automobile company shares today. Hero MotoCorp price increased by Rs 129 to Rs 4715.90, TVS Motor price increased by Rs 47.55 to Rs 2044.50, Cummins India price increased by Rs 46.40 to Rs 2308.95, Bajaj Auto price increased by Rs 82.95 to Rs 7736.80, Apollo Tires price increased by Rs 82.95 to Rs 7736.80. Went. S&M rose by Rs 5.60 to Rs 539.50, Mahindra & Mahindra rose by Rs 13.55 to Rs 1664.25, Bosch rose by Rs 148.05 to Rs 23,827.05.

Market breadth remained positive due to increased buying in small, mid cap, cash stocks: 2,036 shares closed positive.

Market trend again turned positive today in small, mid cap, cash stocks due to buying by funds, players, high net worth investors. Of the total 3943 shares traded on BSE, the number of gainers were 2036 and the number of decliners was 1811.

The asset-market capitalization of investors in stocks increased by Rs 3.34 lakh crore to Rs 382.76 lakh crore.

Investor wealth i.e. total market capitalization of BSE listed companies increased by Rs 3.34 lakh crore to Rs 382.76 lakh crore in a single day as a result of rally in many small, mid cap, A group stocks as well as index based rally in stocks. Today.

FPI/FII made net purchase of shares worth Rs 71 crore: DII made net purchase of Rs 2463 crore.

Foreign portfolio investors-FPIs, FIIs made net purchases of Rs 70.69 crore in cash today-Friday. There were sales of Rs 15,405.62 crore against total purchases of Rs 15,476.31 crore. While DII-Domestic Institutional Investors made net purchase of shares worth Rs 2463.16 crore today. There were sales of Rs 11,634.42 crore against total purchases of Rs 14,097.58 crore.



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