Suspense Crime Sach Ka Dam
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Mumbai: The confidence of the Biden government to resolve the issue of raising the debt ceiling in the United States and the Hindenburg case on the Adani Group, the Supreme Court-appointed probe panel said there was no evidence of any wrongdoing by the group. Today, the Adani group has got a clean chit in the Indian stock markets. In the afternoon, the market took a U-turn led by the shares of the Adani group.
Spot Nifty closed 69.55 points down at 18,060.40 due to selling in Banking-Finance, Power-Capital Goods, Consumer, FMCG stocks. On top of fall in global markets, IT-software services, technology stocks, especially the US, rallied and in the afternoon, wealth stocks led by Adani Group rallied after the Supreme Court-appointed panel report. Rahi and auto, Akarshan in other banking stocks took a U-turn and finally closed at 18203.40 with a gain of 73.45 points. Similarly, the Sensex initially fell 180.04 points to 61251.70. It finally took a U-turn and closed at 61729.68, up 297.94 points.
IT stocks rally behind Nasdaq: IT index rises 391: Ramco, Mastec, Tech Mahindra gain
IT-software services, technology stocks gained today, followed by US funds. The fund was the gainer since the beginning of the day with Nasdaq rallying 188 points in US equity markets yesterday. Tech Mahindra rose by Rs 24.15 to Rs 1072, Infosys by Rs 22.95 to Rs 1268.85, Amphase by Rs 51.95 to Rs 1911, HCL Technology by Rs 14.20 to Rs 1094.05, Wipro by Rs .3.35 to Rs.386, Mastec by Rs 108.40. 1889.95, Ramco System Rs.11.05. 228.45, currency Rs.15.90. 402.10 to Rs. Orionpro Solution Rs.59.35. 652.85, Cybertec rose by Rs 7.60 to Rs 130.15, Datamatics by Rs 22.55 to Rs 492.65, RateGain Travel by Rs 11.75 to Rs 412.95. The BSE IT index closed at 28228.37, up 390.74 points.
Small, midcap, cash stocks continue to sell amid sluggishness in the weekend: 1819 shares close to negative
Sensex, Nifty based take a U-turn over the weekend today led by gains in IT and Adani stocks but opening losses in small, mid-cap, cash stocks, market breadth negative as players, funds sell continued. Out of total 3595 scrips traded on BSE, 1629 were gainers and 1819 were decliners.
Selective rally in banking-finance stocks: Axis Bank, ICICI Bank, Kotak Bank up
Funds were picking in banking-finance stocks today with recovery in global markets on the back of US equities following confidence of a positive resolution to the debt ceiling issue in the US. Axis Bank rose by Rs 9.85 to Rs 924.50, ICICI Bank by Rs 8.55 to Rs 954.60, Bank of Baroda by Rs 1.45 to Rs 181.90, Kotak Mahindra Bank by Rs 15.25 to Rs 1943, IndusInd Bank by Rs 9.30 to Rs 1248.30. The BSE Bankex index closed at 49922.25, up 279.70 points. Along with this, Ugro Capital advanced by Rs 14.45 to Rs 213.60, Monarch Net Worth by Rs 8.10 to Rs 209.05, Credit Access by Rs 39.10 to Rs 1221.25, Tata Investment Corp by Rs 68.70. 2009.20, JM Financial rose by Rs 2.04 to Rs 68.13, UTI AMC rose by Rs 15.40 to Rs 663.45.
Fund boom behind Jaguar Land Rover at Tata Motors: Motherson Sumi, Mahindra, Maruti Suzuki interested
In Tata Motors, the scrip rose by Rs 16.35 to Rs 524.75 on recent fund outflows on rising Jaguar Land Rover sales and good results of the company. Motherson rose by Rs 1.46 to Rs 80.12, Ashok Leyland up Rs 1.85 to Rs 154.55, Mahindra & Mahindra up Rs 12.90 to Rs 1258.20, Maruti Suzuki up Rs 59.25 to Rs 9111, Tube Investments up Rs 7.90 to Rs 2698.65.BSE Auto Index 159.44 points more than Closes at 31881.24. International crude prices continued to consolidate today, with Brent rising 95 cents to $76.81 and Nymax crude up 88 cents to $72.74.
Gland Pharma falls by Rs 268 to Rs 1070 on weak note: NGL Fine, Sequent Scientific decline
Among healthcare-pharmaceuticals companies, Gland Pharma’s quarterly net profit fell 28.79 per cent to Rs 785.32 crore, resulting in a weaker stock, falling Rs 267.70 to Rs 1,070.80. NGL Fine Cam fell by Rs 89.35 to Rs 1517.60, Sequence fell by Rs 2.05 to Rs 78.30. On the other hand, Glenmark rose by Rs 23.20 to Rs 626.30, Stride Pharma by Rs 8.15 to Rs 367.55, Ajanta Pharma by Rs 28.55 to Rs 1297.75, Krishna Diagnostics by Rs 21 to Rs 556.80.
Net sale of Khainj/Khainain for Rs.113 crore in cash : Net purchase of Khainain for Rs.1071 crore in cash
Foreign portfolio investors (FPIs), foreign institutional investors (FIIs) sold shares worth a net Rs 113.46 crore in the cash segment today-Friday. Total sales were Rs 7438.86 crore against total purchase of Rs 7325.40 crore. While DII-domestic institutional investors made net purchases of Rs 1071.35 crore. Total sales were Rs 5356.45 crore against total purchase of Rs 6427.80 crore.
Global markets boom: Japan’s Nikkei jumps 234 points to 33-year high at 30808
Recovery was seen behind the US markets in the global markets today. Japan’s Nikkei 225 index rose 234.42 points to 30,808.35 today, hitting a 33-year high in 1990. While Hong Kong’s Hang Seng closed at 19,450.56, down 276.68 points. In the markets of European countries, London’s Footsie showed an improvement of 40 points, Germany’s Dex 100 points and France’s Keck 40 index showed an improvement of 53 points.
