Mumbai: Ahead of Donald Trump’s inauguration on January 20, his ultimatum to make Canada the 51st US state and Hamas to release hostages by January 20 amid renewed global tensions and whispers of the spread of the HPV virus on the one hand, bears Was successful in the attempt. Indian stock markets witnessed extraordinary volatility later today as markets continued to dominate. Bulls and bears have come face to face, with lower bulls lifting the market after opening the universal gap earlier today. Of course, there are reports of widespread malnutrition. Poor performance of mutual funds, negative returns to investors, especially small, mid-cap funds has led to massive redemption pressure and a major correction is expected in the coming days. Foreign funds continued selling in stocks. At the same time, buying by domestic institutional investors slowed down.
Sensex falls 712 points after fall in Nasdaq, TCS recovers after Reliance
In the US stock markets, Nasdaq fell 375 points yesterday, while IT stocks in India continued to fall. Along with this, due to selling in banking, capital goods-electricity, cement shares, Sensex fell by 712.32 points to reach a low of 77486.79 and then reached 783219.45 led by Reliance, ITC, HCL Technology, Maruti. TCS took in till the end it closed at 78148.49, down 50.62 points. While Nifty 50 spot initially fell 211.75 points to hit a low of 23496.15, then went back up to 23751.85 and finally fell 18.95 points to close at 23688.95.
TCS up by Rs 79 to Rs 4107: Reliance up by Rs 24 to Rs 1265: ITC up by Rs 8
Yesterday, TCS rose by Rs 79.30 to Rs 4107.50 on expectations of 6.4 per cent growth in revenue ahead of the release of quarterly results on January 9, among the Sensex stocks which quickly recovered from the fall. Reliance Industries shares increased by Rs 23.80 to Rs 1264.70, ITC Limited shares increased by Rs 8.40 to Rs 449.50, Asian Paints shares increased by Rs 41.30 to Rs 2334.40, HCL Technology shares increased by Rs 15.85 to close at Rs 1930.70, Maruti Suzuki increased by Rs 89.75. Rs 11,818.05, Bharti Airtel rose by Rs 11.50 to Rs 1602.50, Axis Bank rose by Rs 7.40 to Rs 1075.
Capital Goods fell by 902 points: Keynes fell by Rs 278, CG Power by Rs 24, Siemens by Rs 180.
The BSE Capital Goods index fell 902.20 points to close at 66375.31 as funds offloaded capital goods-powered stocks. Keynes fell by Rs 277.65 to Rs 6964, CG Power fell by Rs 23.70 to Rs 693.80, Thermax fell by Rs 123.60 to Rs 3980.35, Siemens fell by Rs 180.45 to Rs 6293, Inox Wind fell by Rs 10.4.10 to Rs 168.95, Power India Falling by Rs 327.50 to Rs 14,395, Finolex Cables fell by Rs 22.70 to Rs 1097.40, Carborendum Universal fell by Rs 26 to Rs 1246.30.
Consumer index falls by 1215 points: Dixon Tech falls by Rs. 1543: Whirlpool, Blue Star fall
Due to heavy selling in shares of consumer durables companies, BSE Consumer Durables Index fell 1215.34 points and closed at 64119.47. Dixon Technology fell by Rs 1542.80 to Rs 16,906.55, Whirlpool of India fell by Rs 52.10 to Rs 1707, Blue Star fell by Rs 48.30 to Rs 2106.80, Kalyan Jewelers fell by Rs 16 to Rs 706.55. Voltas fell by Rs 19.90 to Rs 1758.35. Titan fell by Rs 23.45 to Rs 3484.90.
Strong recovery after fall in IT stocks: Gensar, LTI Mindtree, HCL rise
Yesterday, initial selling was seen in IT-software services, technology stocks on the American stock market Nasdaq. The fund’s company earnings expectations improved during the downturn. Leading the rise in TCS, Zensar Technology rose by Rs 16.25 to Rs 789.10, LTI Mindtree rose by Rs 104.20 to Rs 5859.10, Wipro rose by Rs 5.60 to Rs 439.70, L&T Tech rose by Rs 39.60 to Rs 4915, Tata Technology rose by Rs 4.75 to Rs 886.60. TENLA rose by Rs 2.35 to Rs 701.25. BSE IT index closed at 43472.27, up 144.58 points.
Oil-Gas index up by Rs 417: ONGC up by Rs 8 at Rs 271: Oil India up by Rs 18 at Rs 491
The BSE Oil-Gas index closed 416.75 points higher at 26,772.65 due to buying in Reliance Industries for the second consecutive day and attraction in other stocks. Oil India gained Rs 17.70 to Rs 491.55, ONGC gained Rs 7.75 to Rs 271.25, GAIL India gained Rs 4.30. 190.55, HPCL rose by Rs 4.70 to Rs 391.10, BPCL rose by Rs 3.30 to Rs 286.05.
ITC led rise in FMCG stocks: Parag Milk, Andrew Yule, Dabur rise
ITC led funds were picking up funds in FMCG stocks today. Andrew Yule rose by Rs 2.45 to Rs 41.18, Colgate Palmolive rose by Rs 44.40 to Rs 2791.15, Parag Milk rose by Rs 2.30 to Rs 184, Dabur India rose by Rs 4.55 to Rs 513.70, Tata Consumer Britannia rose by Rs 5.65 to Rs 961.05, Rs 17.90. Increased by Rs 4855.05, Manorama increased by Rs 28.30 to Rs 1049.
Sensex, Nifty return from recovery, small, midcap stocks fall: 2586 stocks negative
Sensex, Nifty-based indices remained among the losers after early losses, but the market condition remained subdued today as small, mid-cap, cash stocks again fell in big gaps. Out of total 4066 shares traded on BSE, the number of gainers was only 1386 and the number of decliners was 2586.
The asset-market capitalization of investors in stocks fell by Rs 2.16 lakh crore to Rs 439.59 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.
FPIs/FIIs made net sales of Rs 3362 crore in cash: DIIs made net purchases of Rs 2716 crore.
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 3362.18 crore in cash today on Wednesday. There were total sales of Rs 13,306.39 crore against total purchases of Rs 9944.21 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 2716.28 crore in cash today. There were sales of Rs 11,535.22 crore against total purchases of Rs 14,251.50 crore.
