Mumbai: Ahead of the calendar year 2024 ending tomorrow, panic selling was seen in many stocks on Monday. Investors in direct shares have started facing huge losses and now the returns of many investors investing in equity schemes of mutual funds have started breaking down. In the next few days, along with retail, high net worth investors will also start getting negative returns. Due to falling prices, investors will stop making new investments today and amid panic selling in shares, mutual funds will also withdraw money from many shares. Many mutual funds were selling many stocks by making changes in their portfolio at the end of the year. Continued selling in equities by foreign portfolio investors and expectations that given the multiple domestic and global challenges in 2025 and the possibility of major reforms ahead, downgrades will limit returns in equities, is also indicating that HNI investors are looking at capital accumulation. Starting to do.
Sensex fell 1015 from its high: Nifty fell to 23650 level: fell 315 from its high.
Sensex opened at 78637.58 and reached 79092.70 as against the previous close of 78699.07 due to selective gains in IT stocks including Tech Mahindra, HSCL Technology, Sun Pharma, Asian Paints, Hindustan Unilever and others. On the upside, there was selling in automobile stocks including Mahindra & Mahindra, Maruti Suzuki, Tata Motors and selling in banking stocks including State Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and selling in Reliance Industries, Titan, NTPC, Adani Ports, UltraTech Cement etc. From rise to decline, it fell to a low of 78077.13 and finally fell 450.94 points to close at 78248.13, thus losing 1015 points from the intra-day Sensex rally. While Nifty 50 spot index opened at 23796.90 against previous closing level of 23813.40 and went up to 23915.35 and came back to 23599.30 and finally fell by 168.5 points to close at 23644.90. Thus, Nifty fell 315 points from the peak in intra-day.
Auto shares fall: TVS Rs 61, Tata Motors Rs 17, Bajaj Auto Rs 150, Mahindra Rs 47
The BSE Auto index fell 711.82 points to close at 51,507.73 with the gap left by funds led by heavy selling in automobile stocks. TVS Motors fell by Rs 61.20 to Rs 2361.90, Tata Motors fell by Rs 16.80 to Rs 733.75, Bajaj Auto fell by Rs 150.80 to Rs 8782.70, Mahindra & Mahindra fell by Rs 47.30 to Rs 3002.80, Hero MotoCorp closed at Rs 3002.80, Rs 51.35. Rs 4188.15, Maruti Suzuki fell Rs 118.55 to Rs 10,819.65, Bosch fell Rs 312.70 to Rs 33,773.70, MRF fell Rs 813.95 to Rs 1,30,643.45.
Capital Goods Index down 1256 points: Thermax down Rs 375 to Rs 4007: BHEL, RVNL down
Capital goods stocks today closed 1255.88 points lower at 66904.27 as funds witnessed heavy losses. Thermax fell by Rs 375.60 to Rs 4007.85, Bharat Dynamics fell by Rs 92.95 to Rs 1108.25, NBCC fell by Rs 5.07 to Rs 88.33, BHEL fell by Rs 9.60 to Rs 225.85, Titagra Wagon fell by Rs 46.70 to Rs 46.70. 1102, RVNL fell by Rs 16.30 to Rs 409.10, Hindustan Aeronautics fell by Rs 157.85 to Rs 4076.75, Carborandum fell by Rs 29.95 to Rs 1254.55.
Bankex down 538 points: Selling in Bank of Baroda, Yash Bank, State Bank, HDFC Bank
Profitable selling was seen increasing in banking-finance stocks today. Bank of Baroda fell by Rs 4.45 to Rs 240.55, Yash Bank fell by Rs 29 paise to Rs 19.53, State Bank of India fell by Rs 11.25 to Rs 788.30, HDFC Bank fell by Rs 19.15 to Rs 1778.70, Canara Bank fell by Rs 1.05 to Rs 99.35, ICICI Bank fell by Rs 13.25. Priced at Rs 1293.90, Kotak Mahindra Bank shares fell by Rs 16.60 to Rs 1742.90. The BSE Bankex index fell 538.33 points to close at 57678.68.
Metal index falls by 551 points: Jindal Stainless falls by Rs 48 to Rs 687: Hindustan Zinc sales decline
There was also huge profitable selling by funds in metal-mining stocks today. Jindal Stainless fell by Rs 48.35 to Rs 687.85, Hindustan Zinc fell by Rs 21 to Rs 433.50, NMDC fell by Rs 2.40 to Rs 66.95, SAIL fell by Rs 3.70 to Rs 80, Vedanta fell by Rs 10.70 to Rs 440.40, Nalco by Rs 4.25. At Rs 209.40, Hindalco fell by Rs 12.15 to Rs 604.95, JSW Steel fell by Rs 15.10 to Rs 898, Tata Steel fell by Rs 2.05 to Rs 136.90. BSE Metal Index fell 551.28 points to close at 28648.14.
Among healthcare stocks, AstraZeneca rises Rs 952 to Rs 7327: Pfizer, Polymed, Fortis rise
In the bear market today, funds bought heavily in shares of healthcare-pharmaceutical companies. AstraZeneca rose by Rs 952.20 to Rs 7327.65, Pfizer rose by Rs 488.25 to Rs 5366.90, Polymed rose by Rs 180.35 to Rs 2706.15, Fortis Healthcare rose by Rs 48.65 to Rs 730.85, Biocon rose by Rs 15.10 to Rs 367.55. PPL Pharma rose by Rs 10.80 to Rs 265.35, Lupine rose by Rs 81.65 to Rs 2309.65, Divi’s Lab rose by Rs 146.55 to Rs 6020.05, Max Health rose by Rs 40.85 to Rs 1167.15, IPCA Lab rose by Rs 34.70 to Rs 1665.25. The BSE Healthcare index closed at 45166.88, up 528.77 points.
IT shares rise on expectations of good results: Happiest Mind up by Rs 49, Coforge up by Rs 385
Funds were selectively bullish on IT-software services, technology stocks today on expectations of better Q3 results from companies due to a strong dollar. Happiest Mind increased by Rs 49.50 to Rs 749.70, Newgen Software increased by Rs 86.65 to Rs 1710.30, Coforge increased by Rs 384.90 to Rs 9834.75, Zensar increased by Rs 29.15 to Rs 765, Persistent increased by Rs 20.5 from Rs 242.35 to Rs 6636.65, Take. Mahindra rose by Rs 34.85 to Rs 1746.65, HCL Technology rose by Rs 37.35 to Rs 1929, L&T Technology rose by Rs 80.60 to Rs 4770, Oracle Finserv rose by Rs 199.50 to Rs 12,850.
Apart from selective buying, selling again in small and midcap stocks: 2636 shares closed negative.
Apart from buying in select stocks, the market conditions remained negative today with continuous selling in many small, mid cap, cash stocks. Out of the total 4267 shares traded on BSE, the number of decliners was 2367 and the number of gainers was 1487.
Net sales by FPIs/FIIs Rs 1893 crore in cash: Net purchases by DIIs Rs 2174 crore
Foreign portfolio investors – FPI, FII made a net sale of shares worth Rs 1893.16 crore in cash today on Monday. There were sales of Rs 17,400.72 crore against total purchases of Rs 15,507.56 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 2173.86 crore in cash today. There were sales of Rs 39,612.76 crore against total purchases of Rs 41,786.62 crore.
The asset-market capitalization of investors in shares fell by Rs 96 thousand crore to Rs 441.35 lakh crore.
Due to selling in Sensex, Nifty based Kadaka as well as small, mid cap, A group shares, the market capitalization of BSE listed companies i.e. the total wealth of investors today declined by Rs 96 thousand crore to Rs 441.35 lakh crore.
