Suspense Crime Sach Ka Dam
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Mumbai: Indian stock markets continued to rally today as foreign funds and local funds remained buyers, in contrast to an overall weakness in global markets amid caution as the impasse on raising the debt ceiling in the US is yet to be resolved. The positive factor of increased liquidity in the banking system following the Reserve Bank of India’s announced decision to withdraw Rs 2000 notes led to fresh buying in local fund stocks yesterday on hopes that retail prices in the stock markets would rise in the coming days. The share of investors will increase. Day. Along with this, with overall encouraging weather of corporate results ending March 2023 and likely re-rating of stocks in coming days due to positive outlook of many companies, funds have initially put valuations in Adani Group, Finance, Pharma saw an increase in Auto stock. Of course, the initial correction was eventually washed away as funds in capital goods, IT stocks booked profits today. The Sensex initially closed at 61981.79 after a gain of 18.11 points after a gain of 51 points at 281. The spot Nifty opened up 95.55 points and finally closed at 18348, up 33.60 points.
Auto stocks continue to rally
Buying of funds was seen in the shares of the automobile company today. Balakrishnan Industries up by Rs 115.05 to Rs 2405, Motherson Samvardhan up by Rs 1.29 to Rs 56.27, Motherson Sumi up by Rs 1.38 to Rs 81.38, TVS Motor up by Rs 21.15 to Rs 1260.45, Eicher Motors up by Rs 49.45 to Rs 3593.55, Tata Motors up by Rs 6.15 to Rs 52 Rs 8.50, Cummins India It rose by Rs 17.15 to Rs 1684, Hero MotoCorp by Rs 14.95 to Rs 2707, Maruti Suzuki by Rs 43.50 to Rs 9200.90. The BSE Auto index closed at 32185.99, up 204.31 points.
strength of metals
Funds in metal-mining stocks were picking up today. Vedanta yesterday declared its first dividend of Rs 18.50 per share for FY24 and the stock closed at Rs 288.35, up by Rs 293. While APL Apollo rose by Rs 52.45 to Rs 1155.05, SAIL by Rs 82.65 to Rs 105.70, Coal India by Rs 1.55 to Rs 239.90, Hindalco by Rs 2.50 to Rs 410.20. The BSE Metal index closed at 19655.27, up 112.26 points.
Profit booking in capital goods stocks
BSE Capital Goods index closed 232.75 points lower at 36527.57 as funds booked profits in capital goods-power stocks today. LG Equipment declined by Rs 18.90 to Rs 538.55, Grindwell Norton by Rs 60.40 to Rs 2011.45, Carborundum by Rs 29.10 to Rs 1191.05, TeamCan by Rs 52.90 to Rs 3184.20, Hindustan Aeronautics by Rs 50.30 to Rs 3050.60, Polycar Larsen & Toubro fell Rs 45.30 to Rs 3385.65. 19.40 to Rs 2197.15.
Selective buying in healthcare-pharma stocks
The fund pick was today in stocks of Healthcare-Pharmaceuticals companies. Vimta Labs up by Rs 41.20 to Rs 418.40, Gland Pharma up by Rs 46.85 to Rs 940.35, Divis Lab up by Rs 120.35 to Rs 3385.90, Strides Pharma up by Rs 11.45 to Rs 368.95, Lincoln Pharma up Rs .12.90 to Rs 441.95, Panacea Biotech up by Rs 2.80 to Rs 119.70 , Venus Remedies gained Rs 3.90 to Rs 202.50.
Profit-booking in small, mid-caps after initial rally
Sensex, Nifty based funds, small, mid cap, cash stocks of players showed a jump in early profit-booking with cautious movements today, as the market breadth turned negative due to widespread selling. Of course, the attractiveness of select stocks remained. The gainers were 1707 and the decliners were 1813 out of total 3624 stocks traded on BSE.
FII buying Rs 182 crore, DII buying Rs 397 crore
Foreign portfolio investors (FPIs), foreign institutional investors (FIIs) made net purchases of shares worth Rs 182.51 crore in the cash segment today-Tuesday. Total sales were Rs 7647 crore against total purchases of Rs 7829.51 crore. While DII-domestic institutional investors made net purchases of Rs 397.29 crore. Total sales were Rs.5145.80 crores against total purchases of Rs.5543.09 crores.
