Suspense Crime Sach Ka Dam
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Mumbai: On the global front, the warning of a new wave of Corona in China and the possibility of 6.50 crore cases in a week, and the mistrust between America and China and the deadline for America’s debt limit is drawing near. Uncertainty remains, Asian countries are cautious in European and American markets. Markets saw recovery today. The May trend in derivative futures and options (F&Os) in Indian stock markets ended on Thursday with funds, index-based players reasserting their bullish hold after a cautious start. Funds continued selective buying in frontline stocks as the overall March end of corporate results remained encouraging. With this, the Sensex closed at 61963.68 with a gain of 234 points and the Nifty spot gained 111 points at 18314.40 as funds were taken in IT-software services, technology stocks and metal-mining stocks.
IT index rose 607 points
Funds bought heavily on expectations of increased US business opportunities, including IT-software services, re-banking in technology stocks, insurance and business growth in the IT sector at home. Orionpro Solutions rose by Rs 65.25 to Rs 718.10, Cent by Rs 86.60 to Rs 1386.30, 63 Moons Techno by Rs 9.60 to Rs 175.45, Mastec by Rs 103.95 to Rs 1993.90, LTI Mindtree by Rs 188.35 to Rs 4991.85, Happy St Mind up by Rs 29.20 to Rs 903.55, Emphasis up by Rs 60.60 1968.50, Tech Mahindra up by Rs 32.45 to Rs 1104.45, TCS up by Rs 76.20 to Rs 3297.95, HCL Technologies up by Rs 23.85 to Rs 1119.40, Infosys by Rs 24.20 to Rs 1293.05 happened. The BSE IT index closed at 28835.15, up 606.78 points.
invest in metal stocks
Funds in metal-mining stocks were picking up today. Vedanta is up by Rs 5.35 to Rs 287.35, JSW Steel up by Rs 10.45 to Rs 703.50, APL Apollo up by Rs 8.95 to Rs 1102.60, NALCO up by Rs 81.46, Jindal Steel up by Rs 81.46, Tata Steel up by Rs 70 Speed up. 2.95 to Rs 525.25, Rs 104.95.
Attraction in Capital Goods Shares
Funds remained attracted to capital goods-power stocks. LG Equipment rose by Rs 85.85 to Rs 557.45, Suzlon by 79 paise to Rs 9.29, CG Power by Rs 12.25 to Rs 352.50, AIA Engineering by Rs 59.15 to Rs 2889. 75, Carborundum rose by Rs 23.05 to Rs 1222.45, Thermax by Rs 31.35 to Rs 2250.95, Teamcan by Rs 44.35 to Rs 3232.10, Honeywell Automation by Rs 493.25 to Rs 39,509.90, Larsen & Toubro by Rs. 26.25 from Rs 2216.55, Hindustan Aeronautics gained Rs 28.15 to Rs 3100.90.
Buying has increased in oil-gas stocks
Oil-gas stocks continued to attract money. Adani Total Gas was up by Rs 34.35 to Rs 721.35, Indraprastha Gas up by Rs 8.60 to Rs 479.95, GAIL up by Rs 1.45 to Rs 106.30, IOC up by Rs 1.03 to Rs 87.10, Petronet LNG up by Rs 1.80 to Rs 226.15, Reliance Industries up Rs 11.70 to Rs 24 54.50 to Rs.
Fund rally in auto stocks
Funds were attracted by the good results of the companies in the shares of automobile companies today. Balkrishna Industries rose by Rs 146.75 to Rs 2296.25, Cummins India by Rs 25.30 to Rs 1665.95, Bajaj Auto by Rs 38.10 to Rs 4520, Tube Investments by Rs 21.35 to Rs 2720, Maruti Suzuki by Rs 50.70 to Rs 9157.40.
1901 small, mid cap stocks fall
Market breadth remained negative as participants sold Sensex, Nifty based bullish funds, small, mid cap, stocks and multiple stocks due to foreign fund activity. The gainers were 1719 and the decliners were 1901 out of total 3788 stocks traded on BSE.
FII Rs 923 cr: DII buy Rs 605 cr
Foreign portfolio investors (FPIs), foreign institutional investors (FIIs) made net purchases of shares worth Rs 922.89 crore in the cash segment today-Monday. Total sales were Rs.6033.72 crores against total purchases of Rs.6956.61 crores. While DII-domestic institutional investors made net purchases of Rs 604.57 crore. Total sales were Rs 4882.25 crore against total purchases of Rs 5486.82 crore.
