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Mumbai: Indian equity markets rallied for the second day today amid caution in global markets amid uncertainty over talks to resolve the issue of raising the debt ceiling and defaulting on payments to save the US from a financial crisis. eased the business of a line. Now for the global economy, with reports of slowing industrial growth in China and growing friction between the G-7 nations against China and Russia, funds have become wary of new large purchases due to the growing risk of an economic slowdown. A stock specific positive, negative impact of corporate results was observed. Of course, the Sensex fell 371.83 points to 61,560.64 and the Nifty spot fell 104.75 points to close at 18,181.75 on the second day due to selling in banking-finance, IT-software services, technology stocks as well as consumer durables, metal-mining, oil-gas stocks. Closed during the day.
IT stocks sell off on US back again: Ramco Systems, Calton, Black Box, Latent View decline
In the US, funds were selling in IT-software services, technology stocks today due to weakness in Nasdaq. Ramco Systems down by Rs 8.95 at Rs 216.25, Black Box down by Rs 4.35 at Rs 139.45, Kelton Techno down by Rs 1.63 at Rs 60.63, Birlasoft down by Rs 7.35 at Rs .321, Latent View at Rs 6.80 324.45 with a gain of Rs. 324.45, Cyber Tech by Rs. 2.60 to Rs. 124.35, Signity Tech by Rs. 14.65 to Rs. 834.05, TCS by Rs. 47.90 to Rs. 3209.10, Infosys by Rs. 1247.45, Wipro closed at Rs 382.50, down Rs 4.30. The BSE IT index closed at 27908.04, down 222.38 points.
Profit-booking in banking-finance stocks: Kotak Mahindra down Rs 35: Watch State Bank results
Funds booked profits in banking-finance stocks today. Kotak Mahindra Bank down Rs 35 to Rs 1909.85, ICICI Bank down Rs 7.25 to Rs 939.40, HDFC Bank down Rs 8.10 to Rs 1638.65, Axis Bank down Rs 2.95 to Rs 914.80, AU Small Finance down Rs 2.15 It fell to Rs 726.50. IndusInd Bank’s scrip held steady at Rs 586.50 amid hopes of encouraging results from State Bank of India.
Jindal Steel metal shares fall Rs 28 to Rs 532 on negative China report: SAIL, Tata Steel decline
Funds, including Jindal’s, were selling metal-mining stocks today on reports of slowing Chinese industrial growth and weak results. Jindal Steel is down Rs 28 to Rs 532.20, SAIL is down Rs 1.19 to Rs 82.85, Tata Steel is down Rs 1.35 to Rs 106, Hindalco is down Rs 4.70 to Rs 407.70, JSW Steel is down Rs. 6.85 to Rs.695.50. The BSE Metal index closed at 19610.60, down 190.05 points.
Funds crunch in consumer durables stocks: Rajesh Exports, Aditya Birla Fashion, Havells decline
The BSE Consumer Durables index closed 250.96 points lower at 39,442.76 as funds traded higher in stocks of consumer durables companies. Rajesh Exports declined by Rs 9.80 to Rs 582.85, Aditya Birla Fashion fell by Rs 3.15 to Rs 195.05, Havells India by Rs 17.80 to Rs 1273, Titan by Rs 28.45 to Rs 2762.50, Blue Star by Rs 14.35 to Rs 1348.75.
Net sale of DII Rs 204 crore
Foreign portfolio investors (FPIs), foreign institutional investors (FIIs) made net purchases of shares worth Rs 149.33 crore in the cash segment today-Wednesday. Total sales were Rs 7328.92 crore against total purchases of Rs 7478.25 crore. While DII-Domestic Institutional Investors made a net sale of Rs 203.87 crore. Total sales were Rs.6250.67 crores against total purchases of Rs.6046.80 crores.
The asset-market capitalization of investors decreased by Rs 94 thousand crore to Rs 277.18 lakh crore.
Along with the decline in index-based stocks, selling in small, mid-cap, cash stocks, investors’ wealth ie the total market capitalization of companies listed on BSE declined by Rs 94 thousand crore to Rs 277.18 lakh crore in a day. ,