The Sensex jumped 376 points to 40,522 The Sensex jumped 376 points to 40,522 - Top 9 Business news

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Wednesday, October 28, 2020

The Sensex jumped 376 points to 40,522

  • Banking stocks rise on the decision to change MSCI global index: Bankex jumps 967
  • Nifty jumps 121 points to 11889: Buys Rs 3514 crore in FII cash, sells Rs 1570 crore in FII cash

Following the onslaught of funds yesterday before the end of the October trend in derivatives on Thursday, Morgan Stanley's M.Sc.I Banking-finance stocks led an aggressive rally. Global markets saw a softening today as corona cases increased in the United States, with reports of a resurgence of corona cases in the US and a stimulus package scandal. But as the corona cases in India began to decline sharply and industrial-economic activity began to pick up again, the funds had a positive impact as stocks rallied today with short covering. In banking-finance stocks, pharma-healthcare, automobile, power-capital goods, consumer durables, FMCG stocks, Sensex jumped 376.60 points to 40522.10 and Nifty closed at 121.45 points. Funds continued to sell in IT-software services stocks.

After a cautious start, the Sensex led by Kotak Bank surged 376 points in banking stocks to 40,522.

Trading started cautiously today. The Sensex opened at 40199.08 against the previous close of 40145.50, after initial modest gains in IT stocks with heavy offloading in TCS, Infosys and ONGC, HDFC Ltd, State Bank of India, Sun Pharma, Bajaj Finserv, As a result of Kotak Mahindra Bank's rise, Bajaj Finance, Axis Bank, HDFC Bank, ICICI Bank and Nestle India, NTPC, Larsen & Toubro, Titan, Maruti Suzuki, and Reliance Industries have also declined. At the close, it rose 376.60 points to close at 40522.10.

Nifty spot jumps to 11850 again: 11899 to 11889

NSE's Nifty spot opened higher at 11807.10 against the previous close of 11767.75. Pharma stocks with Asian Paints, Larsen & Toubro, Britannia, including Diviz Lab., Cipla, Dr. Reddy's Lab, and NTPC, Tata Motors.

Nifty 12,000 call jumps from 23.75 to 27.30 before end of October trend: Bank Nifty futures rise to 24,757

In the current week of October trend in derivatives, there was talk of a deceptive rally by Nifty-based funds before the end on Thursday. Nifty 29, in various call-put options of the October expiry, the Nifty 11,900 opened at 51.20 against 47, hitting a low of 29.85, reaching 72.80, and closing at 64.35. The Nifty 12,000 call opened at 20 against 23.75, fell to 12.60, reached 32, and ended at 27.30. The Bank Nifty October futures opened at 24,311 against 24,109.15, fell to 23,894.85, and reached 24,797 at 24,757. The Nifty October futures opened at 11,810.90 against 11,778.40, fell to 11,723 and closed at 11,893.70, ending at 11,875.

Kotak Mahindra Bank's profit rises 26% to Rs 1588: Axis Bank, Citibank, HDFC

In banking-finance stocks, funds today led an aggressive rally led by Kotak Mahindra Bank. Kotak Mahindra Bank's net profit rose 26.27% to Rs 2,184.48 crore in the second quarter ended September 2020, while net interest income rose 16.8% to Rs 3,350 crore. Axis Bank rose by Rs 15.20 to Rs 508.445, Citi Union Bank by Rs 4.55 to Rs 155.30, HDFC Bank by Rs 20.30 to Rs 1233.30, and ICICI Bank by Rs 4.90 to Rs 409.85. The BSE Bankex Index jumped 967.29 points to close at 28380.50.


Shriram Transport jumps Rs 46 to Rs 1250 in finance stocks: Muthoot Finance, ICICI CQ, Bajaj Finance, IIFL rise

Finance stocks also rallied again today. Shriram Transport jumped Rs 46.50 to Rs 736.70, Muthoot Finance rose Rs 66.65, ICICI Securities rose Rs 22.35 to Rs 468.05, Bajaj Finance rose Rs 161.15 to Rs 3453.75. , SBI Cards up Rs.20.25 to Rs.814.30, IIFL up Rs1.80 to Rs79.85, L&T Finance Holding up Rs1.15 to Rs66.50, Canfin Home up Rs7 to Rs452.95, PNB Housing up Rs5.20 .351.95 remained.

Power-capital goods stocks rise: Adani Greens jumps Rs 35 to Rs 740: ABB, Thermax, Larsen, Carborendum rise

Funds rebounded all-round today in power-capital goods stocks. Adani Greens jumped by Rs 35.20 to Rs 739.75, ABB by Rs 43.05 to Rs 930.50, Thermax by Rs 28.45 to Rs 784.20, Larsen & Toubro by Rs 30.80 to Rs 982.45, Carborundum Universal by Rs 6.40 to N2P. Rs 3.55 up to Rs 89.45, CESC up Rs 5.30 to Rs 582.15, Power Grid Corp up Rs 1.50 to Rs 173.60.

Reka Lab in Pharma Shares. Rs 247 jumps to Rs 2375: Thyrocare, Indoco Remedies, Diviz Lab., Cipla, Alchem ​​rise

In pharmaceuticals-healthcare stocks today the funds rebounded aggressively in select stocks again. Reka Lab jumped Rs 247.30 to Rs 2375.50, Thyrocare rose Rs 67.65 to Rs 1203.45, Indoco Remedies rose Rs 6.65 to Rs 262.10, Diviz Lab rose Rs 115.30 to Rs 3156.30, Cipla rose Rs 25.40 to Rs 7. 87.65 to Rs. 2683.85, Apollo Hospital by Rs. 68.55 to Rs. 2188.10, Biocon by Rs. 11.50 to Rs.

Bharti Airtel's loss falls to Rs 763 crore: Shares fall: Tata Motors shares rise despite record loss of Rs 314 crore

Bharti Airtel's second-quarter net loss fell to Rs 763.20 crore from Rs 23,045 crore in the year-ago period. Sun Life Sciences' net loss in the second quarter fell to Rs 15.65 crore and the stock rose to Rs 49.05. Tata Motors' quarterly net loss rose to Rs 215.56 crore from Rs 215.56 crore this year, but the stock rose by Rs 2.05 to Rs 135.70.

FMCG stocks storm again: Nestle jumps Rs 977 to Rs 17,233: Colgate, Tata Consumer, Britannia rises

FMCG stocks also saw a resurgence of funds today. As a result of Nestle India's good results, the continuous gainer jumped by Rs 977.05 to Rs 17,233.24, Colgate Palmolive by Rs 85.75 to Rs 1543.50, Tata Consumer by Rs 22.40 to Rs 499.20, BBTC by Rs 47.50 to Rs 1230.55, Harry. .311, Britannia rose by Rs 90 to Rs 3574.10, ATFL rose by Rs 17.85 to Rs 742.95, VST Industries rose by Rs 74.05 to Rs 3437.50 and Marico rose by Rs 6.70 to Rs 356.80.

Auto stocks rebound: MRF jumps Rs 5294 to Rs 68,575: Ashok Leyland, Amar Raja, Bajaj Auto rebound

Bajaj Auto's Rajiv Bajaj's negative statement yesterday led to a rally in auto stocks today amid reports of a good response to the sale of auto companies during the Dussehra festival. Fund-experts rallied all around again today after a rally in automobile stocks yesterday. MRF jumped by Rs 5294.45 to Rs 68,575.15, Ashok Leyland by Rs 3.20 to Rs 81.80, Amarraja Batteries by Rs 30.55 to Rs 789.10, Exide by Rs 3.20 to Rs 162.75, Bajaj Auto by Rs 54.20 to Rs. India rose by Rs 7.10 to Rs 457.45, Tata Motors by Rs 2.05 to Rs 135.70, Maruti Suzuki by Rs 104.15 to Rs 7158.60, Bosch by Rs 112.60 to Rs 11,948.70, and Hero MotoCorp by Rs 14.90 to Rs 2912.70.

 Small, mid-cap stocks sell-off against index rally: 1374 stocks close negative: 223 stocks bearish circuit

Marketbread was negative as small, mid-cap, cash stocks turned bearish today. Out of the total 2835 scrips traded on the BSE, the number of decliners was 1374 and the number of gainers was 1280. The only seller in 223 stocks had a bearish lower circuit, while the only buyer in 209 stocks had a bearish upper circuit.

FPIs / FII's net purchases of Rs 3514 crore in cash: DII's net sales of Rs 1570 crore

FIIs-Foreign Institutional Investors-Foreign Portfolio Investors-FPIs made a net purchase of Rs 3514.89 crore in cash today-Tuesday. A total of Rs 7506.05 crore was sold against a total purchase of Rs 11,020,94 crore. DII-domestic institutional investors had a net sale of Rs 1,570.80 crore in cash today. A total of Rs 5880.88 crore was sold against a total purchase of Rs 4310.08 crore.

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