Sensex jumps 504 points to 40261 Sensex jumps 504 points to 40261 - Top 9 Business news

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Wednesday, November 4, 2020

Sensex jumps 504 points to 40261

- Nifty spot rises 144 points to 11813: Global markets rally amid US election
- Net purchase of Rs 2274 crore in FPIs / FII cash, the net sale of Rs 1100 crore in DII cash



In the wake of reports of a clash between Donald Trump and Joe Biden in the final battle in the US presidential election, US markets rallied yesterday, with France killing 30 jihadists in Mali in the wake of a terrorist attack in Austria-Austria. For the second day in a row, banking stocks led by banking-finance stocks rallied in the Indian stock market. Funds strengthened for the second day in a row today on the back of rising credit recovery data and corporate India second-quarter results for the second quarter ending September 2020, with ICICI Bank, HDFC Ltd's results. Of course, after the initial strengthening in Reliance Industries, the resale came out today. But these limited sales did not have a significant impact on the market. In banking-finance stocks, pharmaceuticals, consumer durables, metal-mining, automobile stocks, Sensex jumped 503.55 points to 40261.13 and Nifty spot rose 144.35 points to close at 11813.50.


Sensex jumps to 40,000 again: 40354 at the top


Trading started today at the expected strength. ICICI Bank, State Bank of India, Bank of India, HDFC, Bank of India, HDFC, Bank of India, Attractions including Bajaj Finserv, Kotak Mahindra Bank and Sun Pharma, Power Grid Corp, ITC, Larsen & Toubro, TCS, Tata Steel, Maruti Suzuki, ONGC rose at one point to 40354.73 and closed at 503.55 points.


Nifty spot jumps to 11800 again: 11836 at the top, 144 points higher at 11813


NSE's Nifty spot opened at 11734.45 against the previous close of 11669.15. In Bajaj Auto, Eicher Motors as well as metal stocks, Hindalco, JSW Steel, Tata Steel along Larsen & Toubro, ITC, TCS, Shree Cement, Divis Lab, Cipla, BPCL rose by 11836.20 points to close at 144.35 points. Was.


Bank Nifty November Futures bounced from 24931 to 25679: Nifty 12,000 call bounced from 26.80 to 54.20


Nifty-based funds in derivatives were a consistently aggressive bull today. Bank Nifty November futures opened at 25,110 against 24,931.20, fell to 25,070.45 and reached 25,735, ending at 25,679. The Nifty November futures opened at 11,749.65 against 11,618..55, fell to 11,731.20, and closed at 11,844, ending at 11,824. The Nifty 12,000 call opened at 36.70 against 26.80, fell to 28.55, and reached 55.60, ending at 54.20. The Nifty 11,800 call opened at 90.20 against 80 and rose to 144.85 at 138.15. The Nifty 11,700 put opened at 118.75 against 147.70, hitting a low of 70 at 85.30.


Bankex jumped another 916 points: ICICI Bank, State Bank, HDFC Ltd. Bounced


BSE Bankex closed higher by 916.73 points at 29,447.94 today as funds in banking-finance stocks continued to be aggressive for the second day in a row. Thus Bankex has jumped 2059 points in two days. ICICI Bank's quarterly results showed a six-fold increase in profits. State Bank of India rose by Rs 8.75 to Rs 203.5, HDFC Ltd's quarterly net profit fell by 27%, but demand for loans continued to rise amid a recovery report. HDFC Bank rose by Rs 6.5 to Rs 1248.15, Axis Bank by Rs 11.55 to Rs 534.15, and Kotak Bank by Rs 12.25 to Rs 1593.30.


Bajaj Finance, Bajaj Finserv, PNB Gilt, IIFL, SBI, Shriram City advanced


Bajaj Finance rose by Rs 75.30 to Rs 3490.60, Bajaj Finserv by Rs 41.05 to Rs 5742.90, Magma by Rs 3.05 to Rs 40.10, PNB Gilts by Rs 2.20 to Rs 42.92. Shriram City increased by Rs 2.50 to Rs 4.5, SBI Life increased by Rs 4.5 to Rs 3.50, HDFC Life increased by Rs 11.05 to Rs 2.50, PNB Housing finance rose by Rs 4.5 to Rs 30.50.


Auto stocks rebound: Hero MotoCorp, Eicher Motors, Bajaj Auto, Cummins, Maruti Suzuki


BSE Bankex closed higher by 916.73 points at 29,447.94 today as funds in banking-finance stocks continued to be aggressive for the second day in a row. Thus Bankex has jumped 2059 points in two days. ICICI Bank's quarterly profit increased six-fold, with the stock's share price rising further by Rs 27.15 to Rs 444.25 today. State Bank of India rose Rs 8.75 to Rs 204.75, HDFC Ltd's quarterly net profit fell 27% but demand for loans continued to rise and the stock continued to rise by Rs 88.30 to Rs 2130.95, IndusInd Bank rose Rs 19.60. HDFC Bank rose by Rs 32.65 to Rs 1248.15, Axis Bank by Rs 11.55 to Rs 534.15, and Kotak Bank by Rs 12.25 to Rs 1593.30.


Bajaj Finance, Bajaj Finserv, PNB Gilt, IIFL, SBI, Shriram City advanced


Bajaj Finance rose by Rs 75.30 to Rs 3490.60, Bajaj Finserv by Rs 41.05 to Rs 5742.90, Magma by Rs 3.05 to Rs 40.10, PNB Gilts by Rs 2.20 to Rs 42.95. .79.70, Shriram City increased by Rs. 34.35 to Rs. 856.25, SBI Life increased by Rs. 22.65 to Rs. 788.80, HDFC Life increased by Rs. 11.05 to Rs. 598.20, PNB Housing Finance increased by Rs.


Auto stocks rebound: Hero MotoCorp, Eicher Motors, Bajaj Auto, Cummins, Maruti Suzuki


Automobile companies' recent Dussehra festival saw a good response to vehicle sales at the festival in September, but the stock was re-selected today after selling in recent days amid concerns that the company's future would be challenging. Hero MotoCorp jumped Rs 105.10 to Rs 2939.70, Eicher Motors rose Rs 60.10 to Rs 2089.65, Bajaj Auto rose Rs 76.70 to Rs 2920.20, Ashok Leyland rose Rs 2.05 to Rs 83.85, MRF rose Rs 1520.90 to Rs 1520.90, India rose by Rs 9.65 to Rs 446.65, Bosch by Rs 235.10 to Rs 11,801.10, Maruti Suzuki by Rs 47.95 to Rs 6911.30, Amar Raja Batteries by Rs 7.35 to Rs 782.45, TVS Motor by Rs 5.20 to Rs 433.85. The BSE Auto Index rose 270.31 points to close at 177324.09.


Pharma stocks rise: Newland Lab's profit rises 171%: Sun Pharma's profit rises 71%


Shares of healthcare-pharmaceuticals companies rebounded sharply today. Newland Laboratories' net profit rose to Rs 21.47 crore in the second quarter from Rs 7.92 crore and revenue rose to Rs 241.99 crore from Rs 186.78 crore. . Cadila Healthcare rose by Rs 27.30 to Rs 437.45, Suven Pharma rose by Rs 19.50 to Rs 319.40, Alembic Ltd rose by Rs 5.10 to Rs 94.50, Sequent rose by Rs 5.56 to Rs 143.60. Shares rose by Rs 15.90 to Rs 485.10, APL Ltd by Rs 24.75 to Rs 991.15, Lupine by Rs 24.80 to Rs 936.95, Abbott India by Rs 289.05 to Rs 15799, Apollo Hospital by Rs 37.45 to Rs 108, Torrent Pharma rose by Rs 40.20 to Rs 2584.25, Diviz Lab by Rs 41.15 to Rs 3089. The BSE Healthcare Index rose 233.64 points to close at 19343.75.


Metal stocks rise Hindalco, Jindal Steel, Hind. Zinc rise: Consumer durables stocks rise, including Titan


Metal-mining stocks were also the favorites today. Jindal Steel rose by Rs 10.75 to Rs 201.40, Hindalco won bids for Chakla Coal Block in Jharkhand by Rs 9 to Rs 179.80, Hindustan Zinc by Rs 9.50 to Rs 212.25, and JSW Steel by Rs 14. Rs 1.15 to Rs 85.40, Tata Steel was up to Rs 4 to Rs 406.80. Consumer durables stocks were also preferred. Titan was up to Rs 32.10 at Rs 1,200.90, Crompton was up to Rs 5.15 at Rs 296.80, Orient Electric was up to Rs 2.50 at Rs 215.55 and Symphony was up to Rs 4.55 at Rs 841.90.


Choice attraction in small, mid-cap stocks: 1410 stocks close positive: 216 stocks sell seller circuit


Marketbread remained positive as re-funds in small, mid-cap, cash stocks, high net worth investors preferred. Out of the total 2830 scrips traded on the BSE, the number of decliners was 1410 and the number of gainers was 1229. The only seller in 216 stocks had a bearish lower circuit against the bullish upper circuit in 194 stocks.


Net purchases of Rs 2274 crore in FPIs / FII cash: Net sales of Rs 1100 crore in DII cash


FIIs-Foreign Institutional Investors-Foreign Portfolio Investors-FPIs made a net purchase of Rs 2,274.40 crore in cash today-Wednesday. In which a total of Rs.6207.17 crore was sold against a total purchase of Rs.8481.57 crore. DII-domestic institutional investors had a net sale of Rs 100.92 crore in cash today. A total of Rs 5417.40 crore was sold against a total purchase of Rs 4316.48 crore.

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