Mumbai: At the end of the week, local funds, high net worth investors made huge profits in the Indian stock markets after breaking the record rally again. While there was a decrease in the purchase of foreign funds. On the global front, with the uncertain economic situation in China and rising risks in US-China relations, take a look at the US and US employment data. Sentiment in global markets turned soft after the Federal Reserve hinted at a 0.25 per cent hike in interest rates. Funds today booked huge profits in banking-finance, IT-software services, FMCG, capital goods stocks, putting brakes on the long-running Sensex, Nifty based historical rally in Indian stock markets. So at the end of the turmoil, the Sensex fell 505.19 points to close at 65280.45 and the Nifty spot closed at 19331.80, down 165.50 points. International crude oil prices remained firm at Brent 76 today.
Bankex down 414 points on profit-booking in private banking stocks: Canara Bank, BOB gain
In banking-finance stocks today, funds made huge profits especially in private sector bank stocks. When PSUs made selective purchases of bank shares. AU Small Finance fell by Rs 28.35 to Rs 761.05, IndusInd Bank fell by Rs 32.45 to Rs 1356.85, ICICI Bank by Rs 12.25 to Rs 947.15, Kotak Mahindra Bank by Rs 23.70 to Rs 1853.55, HDFC Bank by Rs 14 to Rs 1660.75. While Canara Bank rose by Rs 7.55 to Rs 333.55, Bank of Baroda by Rs 3.50 to Rs 208.90, State Bank of India by Rs 1.45 to Rs 593.75, PNB by Rs 1.45 to Rs 593.75. Indian Bank rose by Rs 3 to Rs 60.42, South Indian Bank by Rs 1.32 to Rs 21.68.
Sumit Securities fell Rs 50 to Rs 809: Angel One, Mahindra Finance, Motilal Oswal fell.
Among other financial stocks, Sumit Securities fell by Rs 50.65 to Rs 809, Mahindra & Mahindra Financial by Rs 11.90 to Rs 328.90, Angel One by Rs 50.30 to Rs 1713, Repco Home by Rs 8.50. at Rs 315.35, Motilal Oswal fell Rs 18.65 to Rs 722.35, DCB Bank fell Rs 3.25 to Rs 125.55, One 97 Paytm fell Rs 19.55 to Rs 850.70, LIC Housing fell Rs. 8.70 to Rs 389.50.
Manorama, Dabur, United Spirits, GM Breweries decline on increased profit-booking in FMCG stocks
FMCG stocks also saw a spurt in profit-selling by funds today. Manorama Industries fell Rs 55.05 to Rs 1620.85, Dabur India fell Rs 19.40 to Rs 572.25, United Spirits fell Rs 30.10 to Rs 913.60, CCL Products fell Rs 21.50.705, United Breweries declined. It fell by Rs 40.05 to Rs 1501.40, GM Breweries down by Rs 14.80 to Rs 587.90, Uttam Sugar by Rs 8.10 to Rs 323.10, Hindustan Unilever by Rs 61.45 to Rs 2696.35, Britannia by Rs 8.10 to Rs 2696.35. 106.75 to Rs.5062. The BSE FMCG index closed at 18985.54, down 280.15 points.
Funds sold in healthcare stocks: Sun Pharma Advance, Advance Enzymes, Piramal Pharma, Apollo declined
Fund selling was seen at every rally in the stocks of healthcare-pharmaceuticals comp.es. Sun Pharma Advance fell by Rs 6.35 to Rs 212.40, Advance Enzymes fell by Rs 7.90 to Rs 283.65, Piramal Pharma fell by Rs 2.48 to Rs 91.94, Apollo Hospitals by Rs 124.15 to Rs 5156.95. , Biocon fell by Rs 5.65 to Rs 254, Aurobindo Pharma by Rs 15.10 to Rs 746.45, Natco Pharma by Rs 15.20 to Rs 681.25. While Windlass Biotech gained Rs 30.05 to Rs 335, NGL Fine Cam gained Rs 114.55 to Rs 1992.
Fund selling in IT stocks Tanla Platforms, R Systems, Intellect Design, Latent View, HCL
Funds selling in IT-software services, technology stocks were also seen at the end of the week today. R Systems fell by Rs 19.40 to Rs 418.20, Intellect Design fell by Rs 21.90 to Rs 601.50, Latent View by Rs 10.55 to Rs 369.40, Tanla Platforms fell by Rs 28.55 to Rs 1025.85, Imudra by Rs 102.85. .11.75 down by Rs 457.45, HCL Technology down Rs 23.35 to Rs 1157.05, 63 Moons Technology down Rs 4.65 to Rs 242.45, Tech Mahindra down Rs 20.50 to Rs 1158, Oracle Finserv down Rs 61.05 to Rs 3808.20.
Market breadth negative on weekend selling in small, mid-cap stocks: 1968 stocks closed negative
Funds, players booked huge profits in small, mid cap, cash stocks with index based fall over the weekend, which again turned the market spectrum from positive to negative. Gainers declined to 1495 and losers increased to 1968 out of total 3580 traded stocks on BSE.
The asset-market capitalization of investors in stocks fell by Rs 1.92 lakh crore to Rs 299.78 lakh crore.
Investor wealth i.e. the total market capitalization of BSE-listed comp.es fell by Rs 1.92 lakh crore to Rs 299.78 lakh crore today due to heavy profit-selling by players in funds, stocks over the weekend.
DIIs made huge net sales of Rs 2964 cr: FPIs made net purchases of Rs 790 cr in cash
DIIs – Domestic institutional investors witnessed huge net sale of shares worth Rs 2,964.23 crore in cash today-Friday. Against the total purchase of Rs 6244.19 crore, there was a sale of Rs 9208.42 crore. On the other hand, Foreign Portfolio Investors-FPI, FII made a net purchase of shares worth Rs 790.40 crore in cash today-Friday. Against the total purchase of Rs 9590.27 crore, there was a sale of Rs 8799.87 crore.
