Sensex fell 263 points to 59456 before US Fed’s decision
Mumbai: Indian stock markets took a wait-and-see approach today on widespread speculation that interest rates could rise by 0.75 per cent to one per cent, along with global markets, ahead of the US Federal Reserve meeting late at night, with stocks softening as players .
, Nidhis adopted a wait and see attitude. Of course, Sensex, Nifty based extreme volatility was seen from the beginning today. Simultaneously, Russia is again experiencing a shortage of military forces on the frontlines of the war in Ukraine, and this is why Russian President Putin has called on civilians to join forces, with whispers of a worsening situation due to the threat of nuclear war. Meanwhile, inflation may also spiral out of control. Sensex 262.96 points on profit-booking of funds in capital goods-power, banking-finance, IT-software services stocks and selling in auto, consumer durables, oil-gas, metal stocks. Fell to 262.
Nifty Spot closed 96 points lower at 59456.78 and 97.90 points down at 17718.35. Whereas today the fund was being selected in FMCG stocks led by ITC. International crude oil prices rose on the development of Russia, Brent crude rose by $2.31 to $92.93 and New York-Nymex crude rose by $2.20 to near $86.14. The Indian rupee today weakened by 22 paise to 79.98 against the US dollar.
Hindustan Unilever ITC, Patanjali Foods rise in FMCG stocks
Today FMCG stocks were raising funds due to good monsoon. Hindustan Unilever rose by Rs 41.30 to Rs 2,623.90, ITC by Rs 5.35 to Rs 341.05, Nestle India by Rs 26.05 to Rs 18,636.95, Patanjali Foods by Rs 69.20 amid reports of opening of four to five new hotels in the hotels division. 1470.65, Tasty Bite rose Rs 514.85 to Rs 12,551.15, Britannia rose Rs 110.50 to Rs 3758.30
FPIs/FIIs sold Rs 461 cr in cash: DII bought Rs 538 cr
Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs) sold net shares worth Rs 461.04 crore in the cash segment today-Wednesday. A total of Rs 7436.93 crore was sold against a total purchase of Rs 6975.89 crore. While DII-Domestic Institutional Investors made net purchases of Rs 538.53 crore in the cash segment today. Total sales were Rs 5263.50 crore as against total purchase of Rs 5802.03 crore.
Small, mid-cap stocks of operators showed a strong rise and retail investors got caught in the throat
Small, midcap, cash stocks have shown a storm in recent times and operators, funds have distributed these shares among retail investors, that is, have embraced the shares. Out of the total 3587 shares traded on BSE, the number of losers was 2176 and the number of gainers was 1282.
Five years after central bank’s exit from PCA framework, stock rises 15%
Late on Tuesday, the Reserve Bank pulled the Central Bank of India out of the PCA framework i.e. Prompt Corrective Action. The bank was in PCA framework since 2017. The Central Bank of India assured the Reserve Bank that it would abide by all the rules. These rules will maintain minimum regulatory capital, net NPA and leverage ratio at reasonable levels. Central Bank of India was the only bank left under the ambit of PCA by the Reserve Bank at that time. The performance of the bank has been reviewed by the Board of Financial Supervision in a report released by the Reserve Bank.
In FY 2022, the bank has duly fulfilled all the conditions and has not neglected any rule. After getting relief to the central bank from RBI, as soon as the market opened on Wednesday, there was a huge jump in the shares of Central Bank of India. Shares in the opening session stood at Rs. Picking up by 23.40 at the end of 6 days. 39% increase from Rs. It was closed at 21.65.