The long-awaited overbought position in the Indian stock market has led to a record two-day rally, after a pause by experts, as if a new wave of bullishness seems to be about to start again. After the last two days of an indefinite slump in the market, the funds continued to ease the bullish trade with each rise in the stocks. Even today, the funds in the stocks, the experts continued to ease the bullish trade. Banks-Finance stocks today saw profit-booking in automobile, power-capital goods stocks with profit booking. Funds today raised petrol and diesel prices to new highs. International crude oil prices continued to rise amid rising petrol and diesel prices. The rally in oil-gas stocks today and the attraction in metal-mining stocks and FMCG frontline stocks pushed the market into a positive zone. Shares of Reliance Industries were attacked today after the Delhi High Court lifted the status quo order in Reliance Retail and Futures Deals. The Sensex was up 222.13 points at 51531.52 and the Nifty spot was up 66.80 points at 15173.30. The US dollar had gained two paise to Rs 72.85 against the rupee today. International crude oil prices rose to a 13-month high of $ 61 as OPEC countries saw further declines in production by Saudi Arabia and a significant drop in US crude oil stocks.
Sensex rebounding: a deceptive move or a new rally? Caution required: Increased by 222 points to 215
Trading started softly today. The Sensex opened at 51165.84 against the previous close of 51309.39. Came up to 51157.31. Bajaj Finance, Power Grid Corp, Nestle India, Hindustan Unilever, HCL Techno, Bharti Suzuki, Kotak Mahindra Bank, Axis Bank, among others, rose by 51592.45 points to close at 51531.52, up 222.13 points.
Nifty spot again funds aggressive rise to 15588 and finally rose 67 points to 15173
NSE's Nifty spot opened at 15073.25 against the previous close of 15106.50. The softness fell to a low of 15065.40. Returning to Reliance Industries, Sun Pharma, Adani Ports, Hindalco, Gail India, UPL, Bajaj Finance, BPCL, Power Grid Corp., Nestle India, Hindustan Unilever, HCL Techno, etc. Closed up 15.173.30, up 66.80 points.
February Nifty futures rise from 15119 to 15195: Bank Nifty futures rise to 36067 and fall to 35845
Nifty-based funds in derivatives rebounded today. The Nifty February futures opened at 15090 against 15119.55, reached a low of 15075, and reached 15201.95 at 15195.20. Bank Nifty February futures opened at 35750 against 35875.40, reached a low of 35630, and reached 36067 at the end was 35854.10.
Reliance Industries jumps Rs 81 to Rs 2055 as Delhi High Court lifts Reliance-Future Deal status quo order
The Delhi High Court stayed the acquisition deal between Reliance Industries and Future Retail and lifted the order today.
Petrol, diesel prices at record highs: Oil-gas stocks rise: Gujarat State Petro, Gail, BPCL, Petronet rise
Petrol and diesel prices continued to rise today as oil prices reached new highs and international crude oil prices fell in the US and Saudi Arabia cut production beyond its prescribed limits. . Gujarat State Petro up Rs 6.05 to Rs 232.65, Indraprastha Gas up Rs 12.35 to Rs 569.10, Gail India up to Rs 2.85 to Rs 136.40, BPCL up Rs 6.25 to Rs 421.95, Petronet LNG up Rs 1.90 to Rs 242.85 HPCL rose by Rs 1.75 to Rs 227. The BSE Oil-Gas Index rose by 224.09 points to 15012.65.
Metal stocks rise: Hindalco's profit rises 76% Shares rise by Rs 16 to Rs 295: Nalco, Jindal Steel, Vedanta rise
Metal-mining stocks were bullish on fund selection today. With rising prices of metals, including steel, the profitability of metal companies was on the rise, with fund stocks taking off. Hindalco's quarterly net profit rose 5 percent to Rs 340 crore and revenue rose 11 percent to Rs 11,351 crore, with the stock surging Rs 16 to Rs 295.40. Nalco rose by Rs 1.65 to Rs 50.75, Jindal Steel by Rs 4 to Rs 315.40, Vedanta by Rs 1.65 to Rs 187.80, Tata Steel by Rs 4.25 to Rs 694.50, and Sail by Rs 66.90.
FMCG stocks rise: Hindustan Foods, Tasty Bite, P&G, Bajaj Consumer, Dabur India, ADF Foods rise
FMCG stocks were also the preferred pick of funds today. Hindustan Foods jumped by Rs 170.75 to Rs 1878.55, Tasty Bite by Rs 666.45 to Rs 13810, P&G by Rs 550.40 to Rs 13088, Bajaj Consumer by Rs 5.85 to Rs 264.20, Dabur India by Rs 5.25. , ADF Foods rose by Rs 14.90 to Rs 731.25, Kaveri Seed by Rs 10.45 to Rs 532.20, Tata Consumer Products by Rs 9.75 to Rs 610.40, Varun Beverages by Rs 12.80 to Rs 903.50, Nestle India by Rs 224. 17932, Britannia rose by Rs 43.55 to Rs 3468, Hindustan Unilever rose by Rs 26.50 to Rs 2262.40.
Bharat Electronics, Kalpataru Power, Honeywell Auto, ABB India, Larsen, Adani Green down Timken, Grindwell up
Funds sold profitably in capital goods-power stocks. Bharat Electronics down Rs 4.65 to Rs 135.35, Kalpataru Power down Rs 7.15 to Rs 358.25, Honeywell Automation down Rs 41576.35, ABB India down Rs 23.55 to Larsen & Toubro Rs 65. , SKF India fell by Rs 31.60 to Rs 2360.45, Hindustan Aeronautics by Rs 13 to Rs 994.50, Adani Green by Rs 13.70 to Rs 1950. While Timken rose by Rs 42.30 to Rs 1384.55, Grindwell Norton by Rs 28.40 to Rs 870, V-Guard by Rs 4.95 to Rs 229.95, and Finolex Cables by Rs 5.70 to Rs 375.
Sikh stocks fall by Rs 6,931 to Rs 90,076 despite double profit: Eicher, TVS, Tata Motors
Profit booking continued in automobile stocks today. Despite MRF Ltd's quarterly net profit doubling to Rs 521 crore, the stock fell by Rs 6931.20 to Rs 90,076.20, Eicher Motors by Rs 74.05 to Rs 2825.05, TVS Motor by Rs 12.65 to Rs 639.85. .324.90, escorts fell by Rs.17.35 to Rs.1425. While Motherson Sumi rose by Rs 4.90 to Rs 179.20, Ashok Leyland by Rs 1.10 to Rs 135, Bajaj Auto by Rs 32.85 to Rs 4182.60, Maruti Suzuki by Rs 31.35 to Rs 7655.15.
Sun Pharmaceuticals Industries, promoters raise shares in various cases settled with SEBI: JB Chemicals rises Rs 117
Shares of Sun Pharma rose by Rs 16.55 to Rs 643.65 today amid reports that Sun Pharmaceuticals Industries and promoters had settled various cases against them in Sebi. Sun Pharma Advanced Research was up to Rs 3 at Rs 185.50. While JB Chemicals & Pharma jumped by Rs 117.10 to Rs 1195.50, Solara Active by Rs 91.75 to Rs 1598.05, Morten Lab by Rs 1.60 to Rs 30.65, Poly Medicare by Rs 581.05 to Rs 50. 287 remained.
Small, Mid Cap, Cash Stocks Rise in Attraction of Choice 1682 Shares Positive Close: 309 Stocks Rise Circuit
Market breadth was positive again today as small, mid-cap, cash stocks, funds, players bought again. Out of the total 3126 scrips traded on the BSE, 1682 were up and 1314 were down. The only seller in 205 stocks had a bearish lower circuit against the only buyer’s upper circuit in 309 stocks.
Net purchase of Rs 944 crore in FII / FPI cash: Net sale of Rs 707 crore in DII cash
FIIs-Foreign Institutional Investors-Foreign Portfolio Investors-FPIs made a net purchase of Rs 944.36 crore in cash today-Thursday. A total of Rs 4683.35 crore was sold against a total purchase of Rs 5627.71 crore. DII-domestic institutional investors had a net sale of Rs 707.67 crore in cash today. A total of Rs 4978.79 crore was sold against a total purchase of Rs 4271.11 crore.
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