The Sensex fell 37 points to 44,618

FPIs / FIIs buy Rs 357 crore in cash: 

DII sells shares worth Rs 1636 crore

Nifty spot rises five points at 12983

The historic rally in Indian stock markets today took a cautious break again against the trend of narrow fluctuations in global markets. Foreign Funds-Foreign Portfolio Investors digested the sharp decline today, showing intra-day rapid recovery today to mislead the market, with stocks starting to make massive profit bookings with relentless large purchases in stocks. The Reserve Bank of India's lending policy review saw the funds re-profit-booking in banking-finance stocks today after a rally yesterday in anticipation of relief-incentives for PSU banks with interest rates likely to remain unchanged this time. Of course, the Sensex rose by 37.40 points to close at 44,740 points, after the Consumer Durables, IT-Software Services, Automobile, Metal-Mining, Oil-Gas and Power Goods stocks rose. The US dollar had gained 12 paise to Rs 73.80 against the rupee today. International crude oil prices traded narrow today, with Brent crude hovering near $ 47.44 and Nymex crude hovering around ભાવ 44.47.

The Sensex fell sharply by 44 points to 44,729.

Trading started strong today. The Sensex opened higher at 44729.52 against the previous close of 44655.44, initially gaining traction in automobile stocks, metal-mining stocks, and oil-gas stocks topping 44729.64. Sales at Nestle India, including Larsen & Toubro, fell 485.47 points to 44,169.97 at one point. Returning from the downtrend, auto stocks including Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki and FMCG stocks in ITC, Hindustan Unilever as well as IT stocks including TCS, HCL Technology, Infosys, INTERCREET Levali digested most of the decline and reached close to 44644. In the end, it fell 37.40 points and closed at 44618.04.

Nifty spot rises by five points at 13114 between 13128 and 12983

NSE's Nifty spot opened at 13121.40 against the previous close of 13109.05 and initially rose to 13128.50 after massive offloading in banking-finance stocks. Sales, including cement, fell to 12,983.55. Oil-gas stocks like Gail India, ONGC, IOC, metal-mining stocks like Tata Steel, JSW Steel, Coal India, and auto stocks rose by 4.70 points to close at 13,113.75.

Bank Nifty futures fall 29,202 to 29,543:

 

Nifty futures fall 13,017 to 13,148 Nifty-based funds in derivatives today began to soften bullish trading on a rebound. The Bank Nifty December futures opened at 29,865.55 against 29,892.20, fell to 29,912, and closed at 29,543.05. The Nifty December futures opened at 13,144.40 against 13,141.40, fell to 13,177 from 13,017.95 and ended at 13,148.30. In various call-put options of Nifty 3, December expiry, the put of Nifty 13,000 opened at 38.40 against 45.10, fell to 76.40, and closed at 17.20, ending at 18.30. The Nifty 13,100 call opened at 93.90 against 95.75, went up to 94.75, went down to 22.10, and ended at 56.10.

Bankex down 441 points on profit-booking in banking stocks: 

Kotak, HDFC stocks, bond, CSB decline The BSE Bankex Index fell 441.45 points to close at 33,656.25 on profit-booking in banking-finance stocks today. Before the Reserve Bank of India's lending policy review, funds eased their overbought position as a precaution. Kotak Mahindra Bank down Rs 61.55 to Rs 1813.40, HDFC Bank down Rs 26.60 to Rs 1406.95, Bandhan Bank down Rs 4.80 to Rs 372.40, ICICI Bank down Rs 4.80 to Rs 480.45, State Bank of India down Rs 125 .246.80, CSB Bank fell by Rs. 14.40 to Rs. 232.85, Canara Bank fell by Rs. 4.30 to Rs. 105.70, BF Invest fell by Rs. 8.10 to Rs. 64.45, MCX fell by Rs. 23.70 to Rs. 1569.45.

Consumer durables stocks continue to rise: 

Titan, Crompton, Rajesh Exports, Volta's rise In consumer durables stocks, the BSE Consumer Durables Index jumped 538.78 points to close at 27541.77 as funds continued to pick up today. Titan was up to Rs 46.70 to Rs 1388.30, Crompton was up to Rs 7.15 to Rs 328.85, Rajesh Exports was up to Rs 5.20 to Rs 458.65, Voltas was up to Rs 8.10 to Rs 802.30 and SFL was up to Rs 4.40 to Rs 1596.45.

Auto sales continue to attract auto stocks: 

Bajaj Auto, Mahindra, Tata Motors, Maruti Suzuki rise Automobile companies' steady picks in auto stocks led to better overall sales of vehicles in November. The BSE Auto Index rose 227.55 points to close at 20592.93. Bajaj Auto rose by Rs 92.90 to Rs 3337.45, Mahindra & Mahindra by Rs 18.60 to Rs 753.40, Tata Motors by Rs 3.85 to Rs 183.55, Maruti Suzuki by Rs 7203.35, and Balkrishna Industries by Rs 75. , Hero MotoCorp rose by Rs 13.35 to Rs 3112.95.

HFCL rises 18% in IT stocks: 

Infratel, Emphasis, Wipro, L&T, HCL rise The formation of a new government in the US for IT-software services companies and a positive sign for IT companies were taking hold in IT stocks of funds. Along with this, there was an attraction in telecom stocks. HFCL jumped by Rs 3.60 to Rs 23.10, Infratel by Rs 8.85 to Rs 224.80, TV18 Broadcast by Rs 32.15, Emphasis by Rs 27.15 to Rs 1336.90, Wipro by Rs 6.10 to Rs 359, L&T Info by Rs. HCL Technology rose by Rs 9.70 to Rs 843.75, Bharti Airtel by Rs 5.55 to Rs 484.90, Tata Communications by Rs 9.30 to Rs 1051.35, and TCS by Rs 22.20 to Rs 2749.15.

Oil and gas stocks rise on rising petrol, diesel prices: GAIL, ONGC, IOC, HPCL rise

Oil-gas stocks were attracted by the ever-increasing demand for petrol and diesel in India in the face of narrow fluctuations in international crude oil prices. Gail India rose by Rs 5.85 to Rs 116.65, ONGC by Rs 3.35 to Rs 84.85, IOC by Rs 2.55 to Rs 88.35, HPCL by Rs 3.20 to Rs 214.70, BPCL by Rs 5.30 to Rs 384.45, Reliance 3.30 to Rs. 1957.60.

Metal-mining stocks rise: 

Nalco, NMDC, Sail, Tata Steel, JSW The choice of funds in metal-mining stocks were on the rise today amid signs of industrial-economic recovery on the global front. The BSE Metal Index rose 264.53 points to close at 10637.06. Nalco rose by Rs 1.75 to Rs 41.50, NMDC by Rs 3.90 to Rs 103.10, Sail by Rs 1.80 to Rs 51.75, Tata Steel by Rs 18.70 to Rs 604.25, JSW Steel by Rs 10.25 to Rs 368.25, Coal India by Rs .3.30 to Rs. 129.65, Vedanta to Rs. 2.55 to Rs. 124.10, Hindalco to Rs. 2.55 to Rs. 231.75, Hindustan Zinc to Rs. 232.25.

A selective rise in small, mid-cap stocks: 

1693 stocks close positive: 395 stocks bullish circuit Market breadth remained consistently positive as funds, investors continued to pick on small, mid-cap, cash stocks today. Out of the total 3085 scrips traded on the BSE, 1693 were up and 1237 were down. The only seller in 189 stocks had a bearish lower circuit against the bullish circuit of only buyers in 395 stocks.

Net purchase of Rs 357 crore in FPIs / FII cash: Net sale of Rs 1636 crore in DII cash

FIIs-Foreign Institutional Investors-Foreign Portfolio Investors-FPIs made a net purchase of Rs 357.35 crore in cash today-Wednesday. A total of Rs 8938.11 crore was sold against a total purchase of Rs 9295.76 crore. DII-domestic institutional investors today saw a net sale of Rs 1,635.97 crore in cash. A total of Rs 5013.16 crore was sold against a total purchase of Rs 3377.19 crore.