The Sensex rose 139 points to 46099 at the end of heavy volatility The Sensex rose 139 points to 46099 at the end of heavy volatility - Top 9 Business news

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Saturday, December 12, 2020

The Sensex rose 139 points to 46099 at the end of heavy volatility

Nifty spot rises 36 points to 13643: Small, mid-cap, cash stocks surge
FPIs / FIIs bought for Rs 4195 crore in cash, DIIs sold for Rs 2359 crore 




After the index-based market broke a record high yesterday, the funds rebounded on the last day of the week and brought the market back into the bullish zone after heavy volatility. Reports of good progress in the development of the corona vaccine and the US approval of the Pfizer vaccine in the vaccination program with the resurgence of the coronavirus and the rise in international crude oil prices also saw global crude markets jump to જતાં 50 a barrel. Shares of foreign funds-foreign portfolio investors in Indian stock markets continued to buy in the soft market yesterday, maintaining the buying today brought the Sensex-Nifty to a new intra-day high. Funds rose in consumer durables, metal, oil-gas, banking stocks. Of course, IT-software services stocks, as well as automobile frontline stocks as well as healthcare-pharmaceuticals stocks, saw profit booking. Even small, mid-cap stocks re-funded, high net worth investors rallied broadly. The Sensex was up 139.13 points at 46,099.01 and the Nifty spot was up 31.50 points at 13,643.32. The US dollar was steady at Rs 73.65 against the rupee today.


Sensex down 45,706 intra-day highs to 46,309 new record highs


Trading started strong today. The Sensex opened higher at 46,060.32 against the previous close of 45,959.88. Attractions including Bajaj Auto, Ultratech Cement, Hindustan Unilever, Sun Pharma, Larsen & Toubro, HDFC Ltd., Nestle India rose to a record high of 46,309.63 at one time. Sales in HDFC Bank, Asian Paints, Infosys, and others fell to 45,706.22. The stock rose 139.13 points to close at 16,099.01.


Nifty spot intra-day 13,579 made new history, came down to 13,402, finally rising 36 points to 13,514


NSE's Nifty spot opened higher at 13,512.30 against the previous close of 13,478.30. Attractions including Tubro, Shree Cements, Power Grid Corp, Nestle India rose to 13,579.35, setting a new record and returning to Diviz Lab. The rally was up 35.55 points to close at 13,513.85.


Nifty 13,600 calls down from 72.60 to 63.95:

 

Nifty futures down 13,524 to 13,517 Nifty-based funds were bullish on derivatives today. In various call-put options of Nifty 17, December expiry, the call of Nifty 13,600 opened at 82.10 against 72.60 and fell to 95.55 from 40.65 to 63.95. The Nifty 13,400 put opened at 69.15 against 69.35, fell to 41.75, and closed at 115.95, ending at 62. The Nifty December futures opened at 13,530.10 against 13,524.35, fell to 13,414.45 and reached 13,599, ending at 13,517. Bank Nifty December futures opened at 30,674.95 against 30,621.75, fell to 30,337 and reached 30,865, ending at 30,624.95.


Technically Nifty spot uptrend:


13026 closing stop loss bullish focus Technically the Nifty spot is showing a near-trend rally. The closing stop loss of 13026 in the Nifty spot is seen to be bullish.


Oil and gas stocks rise: ONGC rises to nine-month high:


 Crude crosses $ 50: Gail, Petronet rises With international crude oil prices soaring, Brent crude jumped to $ 50 yesterday and Nymex crude approached $ 47. ONGC jumped Rs 5.20 to a nine-month high of Rs 96.80. Gail India rose by Rs 5.90 to Rs 125.90, Petronet LNG by Rs 6.70 to Rs 261.65, IOC by Rs 1.35 to Rs 93.85, and HPCL by Rs 1.65 to Rs 217.25. While BPCL fell by Rs 2.05 to Rs 397.25, Castrol India fell by Rs 1.70 to Rs 130.30, and Reliance Industries fell by Rs 1.60 to Rs 2005.60.


FMCG stocks rise for the second day in a row: 


Vishwaraj Sugar, Heritage Foods, VST, Emami, Gillette, ITC, Nestle The BSE FMCG index closed 100.47 points higher at 12,685.47 for the second day in a row today. Waterbase rose by Rs 14.50 to Rs 124.25, Vishwaraj Sugar by Rs 6.30 to Rs 126.95, Heritage Foods by Rs 11.10 to Rs 318.60, Gujarat Ambuja Exports by Rs 4 to Rs 121.10, Avanti Feeds by Rs 17.45 to Rs 544.60 VST increased by Rs.114.45 to Rs.3990, Emami by Rs.10.05 to Rs.428.60, Marico by Rs.9.70 to Rs.414, Balrampur Chinese by Rs.3.80 to Rs.172.65, Gillette India by Rs.125 to Rs.5914.50, ITC by Rs. 1.70 to Rs 117.45, Parag Milk to Rs 1.70 to Rs 117.45, Hindustan Unilever to Rs 22.30 to Rs 2373.70, Nestle India


The attraction of funds in metal-mining stocks:


 SAIL, NMDC, Coal India, Tata Steel, Vedanta, Nalco, Hindalco rise The BSE Metal Index rose 136.06 points to close at 11,159.60 on buying in metal-mining stocks today. Sail rose by Rs 2 to Rs 57.75, NMDC by Rs 3.05 to Rs 110.85, Coal India by Rs 3.40 to Rs 138.25, Nalco by Rs 42.75, Tata Steel by Rs 11.60 to Rs 621.75, Vedanta by Rs 2.35. 146.50, Hindustan Zinc rose by Rs 1.90 to Rs 241.30, Hindalco by Rs 243.55, and Jindal Steel by Rs 259.95.


Profit booking in auto frontline stocks:


TVs, Mahindra, Eicher, Maruti decline: MRF, Exide, Bajaj rise Profit booking of funds was done in frontline stocks today in automobile stocks. Despite reports of a good response to auto companies' sales during the festive season and the industry recovering sharply, TVS Motor's sales fell by Rs 13.65 to Rs 484.10, Mahindra & Mahindra by Rs 8.65 to Rs 727.35, and Eicher Motors by Rs 235.55. Hero MotoCorp fell by Rs 19.35 to Rs 31175, Maruti Suzuki by Rs 23.15 to Rs 7711.15, Motherson Sumi by Rs 154.30, Exide by Rs 2.30 to Rs 193.65, Bajaj Auto by Rs 36.60 to Rs 3327, Tata Motors rose by Rs 1.20 to Rs 178.80 and MRF by Rs 453.75 to Rs 77,990.


Funds, players' small, mid-cap stocks rebound: 

1750 stocks close positive: only buyers circuit in 381 stocks Small, mid-cap, cash stocks again rallied broadly to become market breadth positive. Out of the total 3118 scrips traded on the BSE, 1750 were up and 1220 were down. The only seller in 169 stocks had a bearish lower circuit against the bullish circuit of 442 stocks.


Shares rise in JSW NGO as promoters get back mortgage shares:


Bharat Gears, Hind Oil, Jindal show surges Shares of JSW Ng: Ltd. rose by Rs 2.85 to Rs 68 on reports that promoter Glebe Trading had issued 1.53 crore mortgage shares. The promoters have released 11 lakh shares on December 4, 2020, 7, 98.50 lakh shares on December 2020 and 44,247.79 shares on December 8, 2020. Global Trading holds 8.85% i.e. 14.53 crore shares are mortgaged as of September 30, 2020. Along with this, the big buyers in Bharat Gears jumped by Rs 11.10 to Rs 84.15, Hindustan Oil Exploration by Rs 9.25, Inox Wind by Rs 4.65 to Rs 55.70, Kalpataru Power by Rs 20.15 to Rs. 106.15, Persistent increased by Rs. 80.35 to Rs. 1316.25, Apollo Tire increased by Rs. 11.70 to Rs.


Net purchase of Rs 4195 crore in FPIs / FII cash:


 Net sale of Rs 2359 crore shares in DII cash FIIs-Foreign Institutional Investors-Foreign Portfolio Investors-FPIs made a net purchase of Rs 4195.43 crore in cash today-Friday. Of this, a total of Rs 6206.66 crore was sold against a total purchase of Rs 10,402.09 crore. DII-domestic institutional investors had a net sale of Rs 2,359 crore in cash today. A total of Rs 6085.16 crore was sold against a total purchase of Rs 3726.16 crore.


Market capitalization: Investors' wealth rises by Rs 58,000 crore to Rs 182.87 lakh crore

The accumulated market capitalization of listed companies on the BSE rose to Rs 182.78 lakh crore from Rs 182.20 lakh crore in a single day.

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