Mumbai: On the global front, while on one hand concerns regarding weak consumer prices and deflation have increased in China, on the other hand, there is a possibility of increasing challenges in global trade amid preparations for the coronation of Donald Trump in America. Indian stock markets continued to be in widespread volatility as foreign funds continued to sell stocks as geopolitical tensions escalated. The market witnessed panic selling as investors continued to lose capital in small, mid-cap stocks and now days of negative returns are in sight. Despite an overall good performance by IT giant TCS today, the corporate results season saw a sharp decline in IT stocks and fresh losses in oil-gas, banking-finance, capital goods-power, healthcare stocks. Sensex fell 528.28 points to 77620.21 and Nifty Spot fell 162.45 points to 23526.50. Due to this continuous decline, market analysts have started seeing the possibility of Nifty going to the low level of 22,500 and Sensex to 74,500 in bad conditions.
TCS profit increased by 12%, shares fell by Rs 71 to Rs 4036: Signity, D-Link, Datamatics fell.
TCS’s quarterly profit in IT-software services, technology shares increased by 12 percent today, but the share fell by Rs 70.85 to Rs 4036.65. Cigniti fell by Rs 67.80 to Rs 1667.50, D-Link India fell by Rs 18.55 to Rs 531.05, Datamatics fell by Rs 21.65 to Rs 661.90, Zegal fell by Rs 16 to Rs 516.25. Coforge fell by Rs 271.20 to Rs 9276.80, Imudra fell by Rs 21.85 to Rs 923.60, Oracle Finserv fell by Rs 264.15 to Rs 11,719.75, Ramco Systems fell by Rs 9.20 to Rs 404.75, Wipro fell by Rs 5.35 to Rs 292.15. Remained. BSE IT index fell 479.83 points to close at 42992.44.
Capital goods index falls by 1020 points: Suzlon, Inox Wind, Larsen, Keynes fall
Today, due to selling in capital goods shares including Larsen & Toubro, BSE Capital Goods Index fell 1019.62 points and closed at 65355.69. Suzlon NG fell by Rs 2.13 to Rs 57.91, Inox Wind fell by Rs 5.95 to Rs 163, Keynes fell by Rs 235.70 to Rs 6728.25, ABB India fell by Rs 177.75 to Rs 6482.30. BHEL fell by Rs 5.65 to Rs 216.40, NBCC fell by Rs 2.17 to Rs 87.72, Larsen & Toubro fell by Rs 67.50 to Rs 3528.65, Cummins India fell by Rs 56.85 to Rs 3107.10.
Oil India falls by Rs 25 to Rs 467 due to fall in crude oil prices: Profit booking in ONGC, GAIL, ONGC
Crude oil prices fell as gasoline stocks in the United States rose to $76.53 for Brent crude and $73.66 for Nymax crude, with funds also trading in gains today. Oil India fell by Rs 24.75 to Rs 466.80, GAIL India fell by Rs 7.45 to Rs 183.10, Adani Total Gas fell by Rs 22.25 to Rs 681.95, ONGC fell by Rs 8.15 to Rs 263.10, BPCL fell by Rs 6.65 to Rs 280.15, Indian Oil Corporation this HPCL fell by Rs 2.40 to Rs 132.25, HPCL fell by Rs 6.15 to Rs 384.95.
HDFC Bank falls by Rs 26 to Rs 1667: Profit booking in Dhani Services, Spandana, State Bank, Canara
Funds also booked profits in banking-finance frontline stocks. HDFC Bank fell by Rs 26.40 to Rs 1667.75, Yash Bank fell by Rs 18.50, State Bank of India fell by Rs 10.85 to Rs 760.35, Canara Bank fell by Rs 1.35 to Rs 95, Axis Bank fell by Rs 1.35 to Rs 760.35, Dhani Services fell by Rs 1.35 to Rs 1061.55. It fell by Rs 6.54 to Rs 95.74, Spandana Spurthi fell by Rs 25.20 to Rs 450.80, HUDCO fell by Rs 11.20 to Rs 227.20, Policy Bazaar fell by Rs 83.90 to Rs 1919, JSW Holding fell by Rs 852.55 to Rs 18,124.05.
Selling in realty stocks: Signature, Phoenix, Shobha Developers, Lodha Developers, Prestige declined
Along with the slowdown in shares, there was a fresh gap seen in the shares of realty companies due to the fear of decrease in demand in the realty sector. BSE Realty Index fell 232.80 points to close at 7795.36. Signature fell by Rs 53.35 to Rs 1308.80, Phoenix fell by Rs 59.50 to Rs 1637.05, Shobha Developers fell by Rs 49.70 to Rs 1383.70, Lodha Developers fell by Rs 43.60 to Rs 1307.90, Prestige fell by Rs 46.05 to Rs 1520.50. DLF fell by Rs 22.25 to Rs 780, Brigade Enterprises fell by Rs 33.30 to Rs 1184.10.
Panic selling by funds, small, mid-cap stocks as well as retail investors wide gap: 2826 stocks negative
The market remained volatile today due to panic selling by funds of players, retail investors as well as small, mid cap, cash stocks and Sensex, Nifty based Kadaka declined. Out of total 4067 shares traded on BSE, the number of gainers was only 1144 and the number of decliners was 2826.
The asset-market capitalization of investors declined by Rs 4.10 lakh crore to Rs 435.49 lakh crore.
As a result of the fall of Sensex, Nifty as well as fall in prices in many stocks, the total wealth of investors, i.e. the total market capitalization of BSE listed companies fell to Rs 2.16 lakh crore in a day. 439.59 lakh crore.
Huge net selling of Rs 7171 crore in cash by FPI/FII: Net buying of DII Rs 7640 crore
Foreign portfolio investors – FPIs, FIIs – made huge net selling of shares worth Rs 7170.87 crore in cash on Thursday. There were sales of Rs 15,707.92 crore against total purchases of Rs 8537.05 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 7639.63 crore in cash today. There were sales of Rs 9088 crore against total purchases of Rs 16,727.63 crore.
