Sensex jumped 355 points to reach 57990

Mumbai: In the US banking crisis, First Republic Bank received a $30 billion bailout yesterday and Europe’s Credit Suisse received a $50 billion liquidity lifeline from the Swiss central bank, as the clouds over the banking crisis began to lift in Europe. , US, Indian stock markets today outperformed global markets. Local funds led by banking-finance stocks were universal buyers as the People’s Bank of China cut CRR by 0.25 per cent to infuse liquidity into the system to boost China’s economy on the international front. Simultaneously, international crude oil prices are also trending at a 15-month low and the positive factor of India getting the benefit of lower prices has also contributed to the fund’s valuation in equities. The Sensex closed up 355.06 points at 57989.90 and the Nifty spot closed up 114.45 points at 17100.05. International crude oil prices strengthened marginally in the evening, with Brent crude trading near $75.58 and Nymax crude near $69.37. The rupee fell 18 paise to 82.55 against the US dollar.

Investor wealth increased by Rs 1.47 lakh crore to Rs 257.52 lakh crore in a single day

Sensex, Nifty based funds in several small, mid-cap, cash stocks, widespread buying by players, investor wealth in BSE listed companies i.e. total market capitalization increased by Rs 1.47 lakh crore to Rs 257.52 lakh during the weekend. Today one day crore rupees had been reached.

Kotak Mahindra Bank rises by Rs 27 to Rs 1691: State Bank, HDFC Bank, ICICI Bank rise

BSE Bankex closed 541.35 points higher at 44898.06 as the banking crisis eased in the US and Europe as funds reduced short-covering in banking-finance stocks. Kotak Mahindra Bank rose by Rs 27.20 to Rs 1691.20, ICICI Bank by Rs 12.90 to Rs 836.45, Bandhan Bank by Rs 3.05 to Rs 207.45, HDFC Bank by Rs 21.10 to Rs 1572.55. State Bank of India rose by Rs 4.75 to Rs 529.20, AU Small Finance rose by Rs 5.05 to Rs 589.70, Federal Bank by Rs 1.10 to Rs 128. There were 40. Shares rose by Rs 2.25 to Rs 46.65, Equitas Bank by Rs 3.76 to Rs 68.17, Angel One by Rs 51.60 to Rs 1,097.05, Bank of India by Rs 2.25 to Rs 1,097.05 after reports of deferment of disinvestment in IDBI Bank. Shares rose by Rs 3.17 to Rs 74.58, Indian Bank by Rs 11.30 to Rs 272.50, CSB Bank by Rs 7.55 to Rs 231.35, AB Capital by Rs 4.75 to Rs 153.55.

IT stocks rally again: KPIT up by Rs 55 to Rs 870: Persistent, Zensar, HCL Tech gain

Funds in IT-software services, technology stocks also increased today after recovery in US and Europe markets. The BSE IT index closed 311.72 points higher at 28,593.78. HCL Technology up by Rs 38.40 to Rs 1110.50, KPIT Tech up by Rs 54.80 to Rs 870.15, Zensar Tech up by Rs 10 to Rs 277.75, LTI Mindtree up by Rs 122.05 to Rs 4674.30, L&T Technology up by Rs 87.70 to Rs 3570, Oracle Finserv up by Rs 28.35 to Rs 355.053 Went.

Small, mid-cap stocks rallied broadly over the weekend: 1993 stocks closed positive

Market breadth changed from negative to positive as Sensex, Nifty based small, mid cap, funds in cash stocks, high net worth investors again turned broad buyers during the weekend. Out of the total 3634 scrips traded on BSE, the gainers were 1993 and the decliners were 1519.

Total sale by FPI/FII is Rs 1767 crore in cash

Foreign portfolio investors (FPIs), foreign institutional investors (FIIs) sold shares worth a net Rs 1766.53 crore in the cash segment today-Friday. Sales totaled Rs 20,500.93 crore against total purchases of Rs 18,734.40 crore. While DII- made net purchases of Rs 1817.14 crore from local institutional investors. Total sales were Rs 7876.32 crore against total purchases of Rs 9693.46 crore.