The Sensex fell 540 points to 40,145 The Sensex fell 540 points to 40,145 - Top 9 Business news

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Tuesday, October 27, 2020

The Sensex fell 540 points to 40,145

- Nifty spot down 163 points 11767: Erosion in banking, metal, oil, IT, pharma stocks
- FII index sells Rs 600 crore net in futures, buys Rs 712 crore in stock futures

Reliance Industries' deal to acquire Future Group's retail business for Rs 24,000 crore was blocked by a Singapore court yesterday. The Sensex-Nifty crashed behind gaps in auto stocks today. As the October trend in derivatives came to an end this week on Thursday, funds began easing their overbought position, and corona cases in the US with European countries began to rise again, with the negative impact on the global economy weighing heavily on the global market today. Corporate India's quarterly results season saw good results in FMCG giant Nestle India. In consumer durables stocks, the Sensex was down 540 points at 40,145.50 and the Nifty spot was down 162.60 points at 11,767.75.

Sensex rebounds to 407,224 after initial softening Auto, metal, oil, IT stocks tumble to 39,948

Trading started today with a cautious softness. The Sensex opened at 40649.76 against the previous close of 40685.50. IT stocks including TCS, HCL Technology and Bharti Airtel, Larsen & Toubro, IndusInd Bank, HDFC Limited, Power Grid Corp. With the rise in auto stocks, Bajaj Automankadaka broke with Mahindra & Mahindra and metal-mining stocks including Tata Steel saw an increase in sales and offloading in Reliance Industries, as well as ICICI Bank, Axis Bank, State Bank of India, And including Titan, Sun Pharma, ITC, ONGC lost a surface of 40,000 at one point and came down to 39948.29 after finally falling 540 points to close at 40145.50

Nifty spot loses 11800 levels: 11942 up to 11711 and finally fell 163 points to 11767

NSE's Nifty spot opened higher at 11937.40 against the previous close of 11930.35. Arrived. After a major offloading in Reliance Industries and auto stocks, Hero MotoCorp, Bajaj Auto, Mahindra & Mahindra, Tata Motors broke down and Tata Steel, JSW Steel, Coal India sold off at 1775. Was closed.

Nifty 12,000 call breaks in the last week of October trend 23.30: Nifty 11,800 jump bounces 106.95

Before the end of the October trend in derivatives this week on Thursday, the funds eased today by easing the Nifty-based overbought position. On the 29th of October, the Nifty 12,000 call opened at 51 against 70.50, fell to 67.65, fell to 19.75, and ended at 23.30. The Nifty 11,900 call opened at 118 against 120.60, fell to 125.15, and ended at 37.45, ending at 46.80. The Nifty 11,800 put opened at 49.75 against 50.40, jumped to 42.70, and reached 156.90, ending at 106.95. The Nifty October futures opened at 11933.05 against 11,934.35 and fell to 11,950.35 from 11,712 at 11,777. The Bank Nifty October futures opened at 24,519.95 against 24,537, fell to 8,40 from 23,850.10, and closed at 24,122.

Shares of Reliance Industries Future Retail traded down by Rs 84 to Rs 2,028

The deal with Reliance Industries, which was struck shortly before Reliance Retail acquired Kishore Biyani's Future Group's retail business for Rs 24,000 crore, is now in jeopardy. Hemming of funds fell by Rs 83.85 to Rs 2,028.70 in Industries.

Bajaj Auto loses Rs 188 to Rajiv Bajaj's negative statement: Hero MotoCorp loses Rs 211: Mahindra, TVS loses

Bajaj Auto's M.D. said that the demand for automobile companies was not as high as expected during the festive season. Shares of special two-wheeler companies crashed in auto stocks today, with Rajiv Bajaj saying that demand for bikes was under constant pressure. Bajaj Auto fell by Rs 188.15 to Rs 2895, Hero MotoCorp by Rs 211.30 to Rs 2897.80, Mahindra & Mahindra by Rs 28.30 to Rs 596.75, Ashok Leyland by Rs 3.25 to Rs 78.60, TVS Motor by Rs 29 to Rs 15. Eicher Motors fell by Rs 74.85 to Rs 2109.20, Bosch by Rs 375.55 to Rs 11,836.10, Balakrishna Industries by Rs 40.30 to Rs 1348.55 and Maruti Suzuki by Rs 54 to Rs 7054.45, MRF. . The BSE Auto Index fell by 598.79 points to close at 17666.90.

Metal stocks crash: Metal index down 292 points: Hindalco, Jindal Steel, JSW, Tata Steel tumble

Extensive offloading in metal-mining stocks was accompanied by a softening in global metal prices, with estimates of a resurgence for the global economy as corona cases in Europe-America forced a further lockdown. The BSE Metal Index fell 291.61 points to close at 8354.32. Hindalco down Rs 9.75 to Rs 172.45, Jindal Steel down Rs 10.85 to Rs 195.75, JSW Steel down Rs 12.90 to Rs 308.15, Sail India down Rs 1.35 to Rs 35.20, Tata Steel down Rs 15.25 to Rs 80 India was down Rs 3.25 at Rs 114.50, NMDC was down Rs 1.55 at Rs 83.30.

Offloading in banking-finance stocks: Federal Bank, State Bank, ICICI, Axis Bank, HDFC Bank fell

Banking-finance stocks saw widespread selling of funds today. The BSE Bankex Index fell by 372.73 points to close at 27413.21. Federal Bank fell by Rs 1.85 to Rs 54.15, State Bank of India by Rs 6 to Rs 196.75, ICICI Bank by Rs 11.90 to Rs 404.95, Axis Bank by Rs 13.90 to Rs 493.25, Bandhan Bank by Rs 8.20. 299.15, HDFC Bank fell by Rs.22.70 to Rs.1213. While Magma fell by Rs 2.40 to Rs 38.95, DHFL by Rs 83.85, Mannapuram by Rs 7.85, AB Capital by Rs 2.80 to Rs 66.05, PNB Housing by Rs 13.65. .1.35 to Rs. 38.75.

Consumer durables stocks erode again: Voltas, Titan, Rajesh Exports, TTK Prestige decline

Consumer durables stocks were also selling amid reports of festive demand. Voltas fell by Rs 16.75 to Rs 688.60, Titan by Rs 25.90 to Rs 1216, Rajesh Exports by Rs 5.90 to Rs 450.50, TTK Prestige by Rs 49.10 to Rs 5727.80, Symphony by Rs 6.65 to Rs 860.80. 10.25 to Rs. 2054.95.

Erosion in pharma-healthcare, IT stocks: Laurus Lab., Aarti Drugs, Biocon, Torrent Pharma, Coforge, Tech Mahindra decline

Shares of healthcare-pharmaceuticals companies as well as IT-software services stocks continued to sell today. Decal fell by Rs 9.90 to Rs 157.85, Laurus Lab by Rs 16.50 to Rs 316, Aarti Drugs by Rs 37.40 to Rs 711.35, Jubilant by Rs 36.75 to Rs 739.60, Biocon by Rs 14.70 to Rs 402. Pharma was down Rs 79.90 at Rs 2654.45, Hester Bio was down Rs 52.55 at Rs 1790.45, Lupine was down Rs 27.50 at Rs 963.25 and Cipla was down Rs 11.45 at Rs 745.05. Among IT stocks, Coforge fell by Rs 173.95 to Rs 173.95, Tech Mahindra by Rs 28.65 to Rs 819.45, L&T Infotech by Rs 65.90 to Rs 299.30, Emphasis by Rs 25 to Rs 1356.70,
and Oracle Finserv by Rs.8. 3253.65 remained.

Profit selling in small, mid-cap stocks: 1678 stocks closed negative: 258 stocks bullish circuit

Marketbread was negative as small, mid-cap, cash stocks turned bearish today. Out of the total 2860 scrips traded on the BSE, 1678 were declining and 1000 were increasing. The only seller in 221 stocks had a bearish lower circuit, while the only buyer in 258 stocks had a bearish upper circuit.

Index of FPIs / FIIs net sales of Rs 600 crore in futures, net purchases of Rs 712 crore in stock futures

Disclaimer :

FIIs today saw net sales of Rs 600 crore in index futures and net purchases of Rs 712 crore in stock futures. FIIs-FPIs had a net sale of Rs 119.42 crore in cash today-Monday. Of this, a total of Rs 5442.63 crore was sold against a total purchase of Rs 5323.21 crore. DIIs-domestic institutional investors had a net sale of Rs 979.16 crore in cash today. A total of Rs 4091.31 crore was sold against a total purchase of Rs 3112.15 crore.

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