Indian stock markets made a new history today. In a short span of time, the Sensex surged 93 percent from the bottom seen in the March 2020 crash in global stock markets, Sensex Created a History of 50184 today, jumping above 50,000 today. The frontline stocks of funds led by Reliance Industries were bullish today. Along with Bajaj Auto’s results for the quarter ending December 2020, the funds also rallied.
Finance stocks, including Bajaj Finance and Bajaj Finserv, were up. Amid the challenge of corona transition on the global front, the vaccination program is also gaining momentum and the new government led by Joey Biden in the US has seen a positive impact in global markets today.
Even at home now amid preparations for the central budget, the funds had a big rally in stocks early today. However, the market entered the negative zone in the last hour as funds started booking huge profits at the level of Rs 50,000. Along with profit-booking in banking and finance stocks, weakness in other frontline stocks ended the day with a fall of 167.36 points to 49624.76 and the Nifty spot fell by 54.35 points to close at 14590.35.
The Sensex Created a History of 50184 in the initial rally, came back to 49398, and finally fell 167 points to 49625.
Sensex Created a History of 50184
Trading started strong today. Reliance Industries and Futures Group’s deal was approved by the capital markets regulator Sebi after the Sensex opened at 50096.57 against the previous close of 49792. Fundraisers and banking with Hindustan Unilever, Nestle India Attractions in ICICI Bank, Axis Bank and after the quarterly results of Bajaj Auto and the acquisitions of funds including Infosys, Ultratech Cement at one time rose to a new history of 50148. In the last hour, ONGC, State Bank of India, Sun Pharma, ITC, NTPC, Bharti Airtel, IndusInd Bank, Sun Pharma, Mahindra & Mahindra, TCS, among others, saw a sell-off in the fund. It had lost 167 points to close at 49624.
Nifty spot 14754, made new history, came back down to 14517, and finally dropped 54 points to 14590.
NSE’s Nifty spot opened at 14730 against the previous close of 14644, with auto giants Tata Motors, Reliance Industries, Eicher Motors booming and Bajaj Auto’s gains as well as finance stocks Bajaj Finance, Bajaj Finance, Bajaj Finance, Bajaj Finance, Asian Paints, Hindustan Unilever, Nestle India, ICICI Bank, among others, rose sharply to a new high of 14753. ONGC, Tata Steel, Gail India, Coal India, State Bank of India, India, India At the end of the sell-off, it fell 54 points to close at 14590.
Bank Nifty January futures fall from 32584 to 32320 Nifty January futures fall from 14645 to 14639.
Nifty-based derivatives today saw profit booking of funds following new records. The Bank Nifty January futures opened at 32749 against 32584, fell to 32899 at the top, and fell to 32001. The Nifty January futures opened at 14711 against 14645, reached a high of 14765, bounced back to a low of 14508, and finally closed at 14639.
Consumer Durables jumps 463 points: CG Conz. rises Rs 33 to Rs 438 Whirlpool rises Rs 144, Voltas jumps Rs 45.
The BSE Consumer Durables Index jumped 462 points to close at 31488 on sustained gains in consumer durables stocks. CG Consumer increased by Rs 33 to Rs 438.35, Whirlpool of India increased by Rs 143 to Rs 2682.70, Voltas increased by Rs 44.60 to Rs 955.75, Bajaj Electricals increased by Rs 35.70 At Rs 773.40, TTK Prestige rose by Rs 32.95 to Rs 614.40. While Dixon Technology fell by Rs 431 to Rs 14679, Rajesh Exports fell by Rs 5.80 to Rs 479.50, VIP Industries fell by Rs 4.10 to Rs 354.90, Amber Enterprises fell by Rs 22.60 was down to 2511.
Metal stocks saw Profit booking: Tata Steel down Rs 23, Hindustan Zinc down Rs 13: NMDC, Coal, Sail saw selling pressure.
Even in metal-mining stocks, the BSE Metal Index was down 296.38 points at 11997, with funds booking higher today. Hindustan Zinc fell by Rs 13.25 to Rs 283.20, Tata Steel by Rs 23.35 to Rs 666.90, NMDC by Rs 4 to Rs 117.15, Coal India by Rs 3.95 to Rs 137.50 Sail fell by Rs 1.80 to Rs 64.95, Vedanta fell by Rs 4.55 to Rs 169.05, JSW Steel fell by Rs 8.05 to Rs 392.75, Jindal Steel fell by Rs 3.85. It was down to Rs 301.10.
Shares of Reliance Industries rose by Rs 43 to Rs 2097.85 today after the Sebi cleared an acquisition deal in the retail sector with Reliance Industries and the future group. Oil-gas stocks among others had profit booking today. ONGC fell by Rs 3.95 to Rs 94.90, Gail India by Rs 4.20 to Rs 133.80, Castrol India by Rs 2.85 to Rs 125.45, IOC by Rs 1.65 to Rs. 96.65, BPCL fell by Rs. 5.35 to Rs. 408.30, HPCL fell by Rs. 2.45 to Rs. 228.55.
Profit booking in healthcare-pharma stocks: FDC, Glaxo, Newland, Alembic, Apollo Hospital, Dishman Carbogen down
The BSE Healthcare Index fell 298.57 points to close at 21584 today on broad profit-booking of funds in stocks of healthcare-pharmaceuticals companies. Tech Solutions down Rs 2.50 to Rs 59.50, FDC down Rs 13.05 to Rs 311.45, Apollo Hospital down Rs 90.05 to Rs 2585.25, GlaxoSmithKline down Rs 51.95 to 1520, Dishman Carbogen fell by Rs.4.55 to Rs.136.10, Vimta Labs fell by Rs.5.45 to Rs.170.15, Newland Lab fell by Rs.43.10 to Rs.1367.90, Alembic Pharma fell by Rs.29. AstraZeneca fell by Rs 100.35 to Rs 3825.95, Cadila Health fell by Rs 14.10 to Rs 471.85, Ipka Lab fell by Rs 49.90 to Rs 2054.25, Glenmark to Rs. 11.20, Jubilant Life to Rs. 968.85, While Solara Active increased by Rs 42.95 to Rs 1290.40, Healthcare Global increased by Rs 5 to Rs 161.05, Procter & Gamble increased by Rs 207.35 to Rs 7135, RPG Life increased by Rs 11.05 to Rs. 417.20, Sanofi was up by Rs. 105.30 to Rs. 8415, JB Chemicals was up by Rs. 11.95 to Rs. 1010.
Bajaj Auto’s quarterly profit rises 23.4 percent to Rs 1556 crore: Shares rise by Rs 59: Tata Motors rises Rs 16 to Rs 290.
Finally, funds in small, mid-cap stocks, players’ profit bookings 1916 stocks closed negative: 216 stocks bearish circuit
Finally, with the Sensex crossing the 50,000 level today, the market breadth was negative with new record-breaking funds, players’ small, mid-cap, funds in cash stocks, players making extensive profit bookings. Out of the total 3188 scrips traded on the BSE, the number of gainers was 1108 and the number of losers was 1912. The only seller in 314 stocks was the lower circuit against the bullish circuit of 337 for only buyers.
FPIs / FIIs net purchase of Rs 1615 crore in cash: DII cash net sales of Rs 1039 crores.
FIIs – Foreign Institutional Investors – Foreign Portfolio Investors – FPIs made a net purchase of Rs 1614.66 crore in cash on Thursday. Of this, a total of Rs 9104.25 crore was sold against a total purchase of Rs 7489.59 crore. On the other hand, DIIs-domestic institutional investors had a net sale of Rs 1039.48 crore in cash today. A total of Rs 6093.05 crore was sold against a total purchase of Rs 5053.57 crore.
Investors’ asset-market capitalization fell by Rs 1.11 lakh crore to Rs 196.51 lakh crores.
The market capitalization of stocks traded on the BSE fell by Rs 1.11 lakh crore in a single day to Rs 196.51 lakh crore from Rs 197.70 lakh crores on the previous day.