Sensex broke the level of 74000 and closed at 73738, up 90 points – ..
Mumbai: Gains in the corporate results season were limited yesterday as funds booked profits in healthcare and metals stocks following Reliance Industries’ weak quarterly results. Vodafone Idea’s mega Rs 18,000 crore follow-on public offer-FPO was subscribed 6.36 times yesterday, led by leading telecom stocks Bharti Airtel, Vodafone Idea and auto stocks Maruti Suzuki, Tata Motors along with FMCG stocks Nestle India, ITC, Hindustan Unilever was also involved. HCL Technology, State Bank of India, Titan and other stocks started trading with strength. Moreover, the surge in profit taking was seen tapering off.
Sensex jumped 411 points to 74059 intra-day: Nifty reached 22447
Sensex initially rose by 411.27 points to reach 74059.89, above the 74000 level. Selling in Sun Pharma, Reliance Industries, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra etc resulted in the rally fading to low of 73688.31 and finally closed 89.83 points higher at 73738.45. The Nifty 50 spot index initially rose 111.15 points to hit a high of 22447.55, then recovered from the highs to close at a low of 22349.45 and finally closed at 22368, up 31.60 points.
Telecom stocks rise on Vodafone Idea: Tejas Network, Avantel, Bharti Airtel rise
Telecom stocks were attractive today as Vodafone Idea’s Rs 18,000 crore FPO got subscribed 6.36 times. Vodafone Idea increased by Rs 1.50 to Rs 14.39, Tejas Network increased by Rs 181.15 to Rs 1086.90, TTML increased by Rs 7.13 to Rs 84.89, MTNL increased by Rs 1.91 to Rs 37.98. , ITI increased by Rs 13.80 Rs 293.40, Bharti Airtel increased by Rs 43.85 to Rs 1342.30, Indus Tower increased by Rs 05 to Rs 359.65, Tata Communication increased by Rs 05 to Rs 359.65, Vindhya Tele increased by Rs 34.35 to Rs 2645.
Realty stocks rise: Shobha Developers up by Rs 97 to Rs 1717: Prestige, Macrotech, Oberoi rise
Shares of real estate companies witnessed a rise today due to large-scale inflow of funds again. Shobha Developers’ price increased by Rs 97.50 to Rs 1717.55, Prestige Estate’s price increased by Rs 45.15 to Rs 1289, Macrotech Developers’ price increased by Rs 39.20 to Rs 1234.25, Oberoi Realty’s price increased by Rs 45.05 to Rs 1470, Rs 25.90 increased to Rs 1001, Phoenix Rs 74.45. It increased by Rs 3174.85, DLF increased by Rs 20.60 to Rs 885.05, Godrej Properties increased by Rs 41.55 to Rs 2545.
Attraction continues in auto stocks: Maruti up by Rs 196 at Rs 12,974: Tata Motors, TI India rise
Funds were also buying shares of automobile companies today. Maruti Suzuki price increased by Rs 195.65 to Rs 12,974.35, Tata Motors price increased by Rs 13.05 to Rs 986.60, TI India price increased by Rs 46.90 to Rs 3595, Apollo Tires price increased by Rs 5.90 to Rs 486, Eicher Motors price increased by Rs 5.90 to Rs 986.60. Went. ₹50.50 up at Rs 4518.80, Hero MotoCorp up Rs 33.10 at Rs 4344.30, Bosch up Rs 147.30 at Rs 29,281.20.
Aditya Birla Group shares rise: Aditya Birla Capital, Money, Grasim, Birla Sun Life rise.
Shares of Aditya Birla Group funds rose on positive news including the success of Vodafone Idea’s FPO and UltraTech Cement’s acquisition of India Cements’ plant in Maharashtra. Aditya Birla Fashion rose by Rs 23.10 to Rs 263.45, Aditya Birla Money rose by Rs 6.12 to Rs 128.65, Aditya Birla Capital rose by Rs 14.10 to Rs 216.70, Aditya Birla Sun Life AMC Grasim Industries rose by Rs. The price of Grasim Industries increased by Rs 20.20 to Rs 530.90, the price of Grasim Industries increased by Rs 81.95 to Rs 2362.90. While Hindalco fell by Rs 6.70 to Rs 612.25, UltraTech Cement fell by Rs 36.05 to Rs 9531.10.
Profit booking down by Rs 42 to Rs 2918 after Reliance results: HPCL, BPCL fall.
Despite good overall results and achieving new milestones in challenging circumstances, the fund fell Rs 42.10 to Rs 2,918.50 in oil-gas stocks yesterday due to profit-booking in Reliance Industries. While HPCL fell by Rs 9.20 to Rs 482.85, BPCL fell by Rs 11 to Rs 592.95, IOC fell by Rs 2.70 to Rs 168.15, Petronet LNG fell by Rs 2.40 to Rs 295. BSE Oil-Gas Index fell 172.48 points to close at 28326.32.
Dodla Dairy up by Rs 88 to Rs 1,002 among FMCG stocks: Bajaj Hindustan, Nestle gain
Funds again made widespread buying in FMCG stocks today. Dodla Dairy rose by Rs 87.85 to Rs 1002.25, Kokuyo Camlin rose by Rs 15.05 to Rs 141.50, Bajaj Hindustan Sugar rose by Rs 1.26 to Rs 33.11, Dalmia Sugar rose by Rs 7.20 to Rs 384.23. Nestle India rose by Rs 43.60 to Rs 2502.75, ITC rose by Rs 3.95 to Rs 429.20, Britannia rose by Rs 43.70 to Rs 4798.90, Hindustan Unilever rose by Rs 20.20 to Rs 2262.75.
Small, mid-cap stocks continue to attract HNIs, players: 2314 stocks closed positive
Market sentiment remained positive as high net worth investors, funds, players bought small, mid-cap stocks for the second consecutive day. Of the total 3934 shares traded on BSE, the number of gainers was 2314 and the number of decliners was 1512.
Investors’ wealth in stock-market cap. Rs 1.78 lakh crore increased to Rs 399.64 lakh crore
Investor wealth i.e. market capitalization of BSE listed companies increased by Rs 1.78 lakh crore in a day to Rs 399.64 lakh crore today due to Sensex, Nifty based strength as well as continuous buying in small, midcap stocks.
FPI/FII net sale of shares Rs.3045 crore: DII net purchase Rs.2919 crore
Foreign portfolio investors-FPIs, FIIs made a net sale of shares worth Rs 3044.54 crore in cash today-Tuesday. There were sales of Rs 17,976.01 crore against total purchases of Rs 14,931.47 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 2918.94 crore in cash today. There were total sales of Rs 9418.87 crore against total purchases of Rs 12,337.81 crore.