Mumbai: Despite no provision for tax changes being likely to be announced in the final Union Budget of the current term of the Modi government (interim-vote on account) to be presented tomorrow-Thursday, Indians today expressed positive expectations about the new tax. -Free incentives to salaried class, entrepreneurs and market investors. Stock markets remained bullish. Along with domestic positive factors, America is also in a strong position on the global front. Funds rose today led by banking-finance stocks on signs that interest rate cuts will begin in March ahead of a decision at the Federal Reserve’s late evening meeting. Along with this, the third quarter results of the companies include automobile frontline-heavyweight stocks Maruti Suzuki, Tata Motors, Mahindra & Mahindra as well as banking-finance stocks Bajaj Finserv, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank. Are. Fund placed on Reliance Industries with encouraging results from Sun Pharma. Among other frontline stocks, UltraTech Cement, Wipro, HCL Technology, Power Grid Corp also gained, with Sensex up 612.21 points at 71752.11 and Nifty 50 spot index up 203.60 points at 21725.70.
Maruti Suzuki shares rise to Rs 226, profit up 33%: Eicher, Tata Motors, Mahindra rise
In shares of automobile companies, funds bought heavily today on strong third quarter results of the companies. Maruti Suzuki’s quarterly net profit rose 33 per cent to Rs 3,307 crore and total revenue rose 14.5 per cent to Rs 33,512.8 crore, funds bought shares of Tata Motors from Rs 226.05 to Rs 10,183.30, Eicher Motors from Rs 134.55 to Rs 3840.60. Up by Rs 24.95 to hit new all-time high of Rs 884.20, TVS Motor up by Rs 41.95 at Rs 1999.80, Mahindra & Mahindra up by Rs 33.65 at Rs 1653.85, Cummins India up by Rs 45.55 at Rs 1999.80. .2281.10, Bajaj Auto rose by Rs 97.05 to Rs 7663.55, MRF rose by Rs 1789.05 to Rs 1,42,512.45, Apollo Tires rose by Rs 7.85 to Rs 539.70. BSE Auto Index closed 763.22 points higher at 43995.
Bankex jumps 664 points: Bank of Baroda rises on good results: State Bank, HDFC rise
Funds again bought heavily in banking-finance shares today. Bank of Baroda’s quarterly net profit rose 19 per cent to Rs 4,579 crore and total income rose to Rs 31,416 crore from Rs 27,092 crore, the stock rose Rs 10.40 to Rs 247.70. With this, the price of State Bank of India increased by Rs 14.05 to Rs 640.65, the price of IDFC First Bank increased by Rs 1.62 to Rs 84.26, the price of AU Small Bank increased by Rs 11.40 to Rs 636.70, the price of Axis Bank increased by Rs 1.62 to Rs 636.70. HDFC Bank rose by Rs 13.60 to Rs 1067.45, HDFC Bank rose by Rs 18.05 to Rs 1462.25, ICICI Bank rose by Rs 11.60 to Rs 1027.90. BSE Bankex index closed 663.81 points higher at 51999.08.
Among finance stocks, Daulat Algotech, Paisalo Digital, Angel, IFCI, PB Fintech were among the gainers.
Financial services, other banking stocks also witnessed a widespread bullish storm today. Daulat Algotech rose by Rs 14.87 to Rs 89.24, Paisalo Digital rose by Rs 13.66 to Rs 131.50, IFCI rose by Rs 5.56 to Rs 61.16, PB Fintech rose by Rs 91.20 to Rs 1002.80, ICICI Securities rose by Rs 50.95 to Rs 821.75, Angel One rose by Rs 192.05. Rupee increased to Rs 3284.25, PNB Gilts up Rs 5.60 to Rs 117.58, HUDCO up Rs 8.20 to Rs 172.50, Prudent Advisors up Rs 67.60 to Rs 1444.
Sun Pharma Industries shares rise by Rs 60 to Rs 1432 as profit increases by 16%: Dr. Reddy’s gains Rs 254
Shares of healthcare-pharmaceutical companies rose today due to good quarterly results. Sun Pharma Industries’ quarterly net profit rose 16.5 per cent to Rs 2,524 crore on share buyback by Rs 60.60 to Rs 1,432.20. Dr. Reddy’s Laboratories price increased by Rs 254.25 to Rs 6100, Shilpa’s price increased by Rs 35 to Rs 352. 50, Vimta Labs rose by Rs 33.40 to Rs 455.95, Max Healthcare rose by Rs 44.85 to Rs 781.45, Narayan Hludalya rose by Rs 65.15 to Rs 1316.55, Syngen International rose by Rs 34.25 to Rs 25. .750.70. BSE Healthcare index rose 880.39 points to 33816.
Aggressive fund rally again in IT stocks: Vakrangee, KPIT, Sonata, Apple India, Tanla rise.
BSE IT index closed 323.59 points higher at 37358.72 as IT-software services, technology stocks also gained aggressively today. Vakrangee rose by Rs 5.03 to Rs 30.18, KPIT Technology rose by Rs 94.80 to Rs 1550.85, Sonata rose by Rs 33.15 to Rs 767.75, Affle India rose by Rs 47.50 to Rs 1240.40, Tanla Platforms gained Rs. Rs 29.15 to Rs 1029.25.
Realty stocks Prestige, Brigade, Macrotech, Shobha rise on hopes of stimulus in housing sector
In the housing sector, funds were drawn into realty stocks in anticipation of provisions in the Budget including incentives for affordable housing for economically weaker sections. Prestige Estate rose by Rs 49.30 to Rs 1268.85, Brigade Enterprises rose by Rs 37.30 to Rs 1023.75, Macrotech Developers rose by Rs 37.60 to Rs 1072.60, Shobha Developers rose by Rs 44.40 to Rs 1446.90, DLF rose by Rs 14.45 to Rs 14.45. Rs 802.35
Reliance again up by Rs 38 to Rs 2853: Fund rally in Vedanta, Hindalco, Jindal Steel
Reliance Industries shares rose by Rs 38.35 to Rs 2853.20, ONGC shares rose by Rs 3.25 to Rs 252.45 due to buyback of funds. Funds were also buying metal-mining stocks. Vedanta rose by Rs 7.45 to Rs 273.80, Hindalco rose by Rs 10.10 to Rs 579.35, Jindal Steel rose by Rs 10.40 to Rs 757, SAIL rose by Rs 1.30 to Rs 122.50, Tata Steel rose by Rs 1.20 to Rs 135.90.
Widespread bullish storm in small, mid-cap stocks: Market breadth positive: 2411 shares closed positive
Market conditions remained positive today across small, mid cap, cash stocks as funds, players, high net worth investors once again created a massive bullish storm. Of the total 3914 stocks traded on BSE, the number of gainers was 2411 and the number of decliners was 1411.
FPI/FII net purchase in cash Rs 1661 crore, DII net purchase Rs 2542 crore
Foreign portfolio investors-FPIs, FIIs made net purchases of Rs 1660.72 crore in cash today-Wednesday. There were sales of Rs 24,393.31 crore against total purchases of Rs 26,054.03 crore. While DII-Domestic Institutional Investors made net purchase of shares worth Rs 2542.93 crore today. There were sales of Rs 13,053.96 crore against total purchases of Rs 15,596.89 crore.
The asset-market capitalization of investors in stocks increased by Rs 4.58 lakh crore to Rs 379.78 lakh crore.
Funds in small, mid cap, cash stocks, Sensex, Nifty based are again on the rise with widespread buying by high net worth investors. Investor wealth i.e. total market capitalization of BSE listed companies increased by Rs 4.58 lakh crore in a single day today. It became Rs 379.78 lakh. It was crores.