MUMBAI: Indian stock markets ended the weekend with losses today as shares touched the Rs 75,000 crore mark in a short span of time following sustained selling by foreign portfolio investors (FPIs), leading to gains in the banking sector. . The rise in funds put a brake on the fall in shares. Ongoing uncertainty over China's stimulus had a positive impact on global markets yesterday with GDP growing 4.6 per cent following some easing measures in anticipation of further decisions. Hyundai Motor India's mega IPO of Rs 27,870 crore came in the Indian stock markets yesterday with the help of QIB investors at the last minute and the liquidity withdrawn from the secondary market started returning to the market and the market showed a bullish trend. Again due to continued buying from local funds-local institutional investors.
Sensex fell 597 points to 80409 intra-day, Nifty spot fell 182 points to 24567.
The market took a U-turn due to the rise in banking-finance and metal stocks compared to profit-booking in IT-software services stocks. Sensex initially fell 597.36 points to a low of 80,409.25 due to selling in FMCG, IT stocks. Which came back from the falling peak and closed at 81224.75 with a gain of 218.14 points due to attraction in banking and metal shares. While Nifty 50 spot index initially closed at 24567.65 with a fall of 182.20 points, then closed at 24854.05 with a fall of 104.20 points. Selective buying also took place in automobile, consumer durables, mid cap stocks.
Bankex up 1072 points: Up Rs 63 on Axis' good results: BOB, Canara Bank gain
Axis Bank led funds in banking-finance stocks today due to the attractiveness of quarterly results. Axis Bank's quarterly net profit increased by 18 percent and the share increased by Rs 63.10 to Rs 1195.25. Bank of Baroda rose by Rs 6.20 to Rs 248, ICICI Bank rose by Rs 30.70 to Rs 1263.20, Canara Bank rose by Rs 2.15 to Rs 104.65, State Bank of India rose by Rs 9.05 to Rs 1263.20. Federal Bank rose by Rs 1.50 to Rs 195.05 at Rs 819.95. BSE Bankex index closed at 59331.76, up 1072.38 points.
Small Caps Decline Against Mid Caps Rise: Market Conditions Remain Weak: Stocks Close 2014 Negative
Sensex, Nifty halted losses at the end of the week, while banking, metal, auto stocks gained strength and midcap stocks gained, while overall selling in smallcap stocks was relatively weak. Out of the total 4043 shares traded on BSE, the number of gainers were 1923 and the number of decliners was 2014.
Among finance stocks, Nalwa Sons rose by Rs 818, Motilal Oswal by Rs 98, Vardhaman Holding by Rs 389.
Funds were also buying heavily in financial services and other banking stocks today. Nalwa Sons increased by Rs 817.95 to Rs 7060, Motilal Oswal increased by Rs 98.60 to Rs 4467, Pilani Investment increased by Rs 502.70 to Rs 4295, Kalyani Investment increased by Rs 354.65. Rs 7448.10, BF Investment It increased by Rs 28.20 to Rs 690, One97 Paytm increased by Rs 28.60 to Rs 724.95, Prudent Investment It increased by Rs 104.95 to Rs 2681.05.
Metal stocks rise on China's stimulus: Jindal, NMDC, Hindalco, Tata Steel rise
Funds held metal-mining stocks in anticipation of further stimulus measures to be announced today as China's GDP growth data came in weaker than expected. Jindal Steel increased by Rs 34.10 to Rs 963, NMDC increased by Rs 7 to Rs 231.45, Hindalco increased by Rs 18.80 to Rs 753.40, Tata Steel increased by Rs 2.95 to Rs 155.30, Vedanta increased by Rs 2.95 to Rs 155.30. .JSW Steel rose by Rs 8.80 to Rs 480.85, JSW Steel rose by Rs 17.25 to Rs 997.35, SAIL rose by Rs 1.40 to Rs 129.15, APL Apollo rose by Rs 10.05 to Rs 1563.15. BSE Metal Index closed 537.54 points higher at 33141.71.
Infosys: Quick Hill, Onward Tech Decline: Wipro, Black Box shares fall to Rs 91 as a result of rally
There was selling in IT-Software Services, Technology stocks today due to Infosys being weaker than expected. Infosys fell by Rs 90.65 to Rs 1878.85, Quick Hill Technology fell by Rs 51.65 to Rs 709, Onward Technology fell by Rs 29.50 to Rs 390.85, Tanla Platform fell by Rs 33.30 to Rs 824.10, Genesis International fell by Rs 27.10 rupees falling At Rs 727.65, Imudra fell by Rs 19.50 to Rs 933.55, L&T Technology fell by Rs 102.50 to Rs 5135.80, Scientist fell by Rs 30.30 to Rs 1827.65. While bonus shares in Wipro increased by Rs 19.90 to Rs 548.70, Black Box increased by Rs 23.95 to Rs 503.80, Netweb increased by Rs 96.60 to Rs 2681.50. BSE IT index fell 746.90 points to close at 42390.64.
Value in auto stocks: Eicher Motors up by Rs 140 to Rs 4765: Tata Motors, Bosch gain
With the completion of Hyundai Motor India's IPO, funds have again moved into other auto stocks. Eicher Motors increased by Rs 139.70 to Rs 4765, Tata Motors increased by Rs 18.35 to Rs 910.05, Ashok Leyland increased by Rs 3.80 to Rs 2716, Bosch increased by Rs 305.50 to Rs 36,794.95, Cummins India increased by Rs 17.95 to Rs 3. 710 rupees Went. BSE Auto Index closed 327.41 points higher at 57109.05.
Net purchase of shares by DIIs Rs.5215 crore: Sale of shares by FPI/FII worth Rs.5486 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 5,485.70 crore in cash today Friday. There were sales of Rs 17,834.65 crore against total purchases of Rs 12,348.95 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 5214.83 crore in cash today. There were total sales of Rs 8635.33 crore against total purchases of Rs 13,850.16 crore.
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