North India Statesman
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Mumbai: An explosive situation of war is being created between Iran and Israel, there is a possibility of a fierce war breaking out at any time and after this explosive situation, America is also supporting Israel and giving the green signal to retaliate against Iran. On the other hand, China announced a mega package of stimulus-relief, Sensex today due to signs of foreign funds exiting the Indian stock markets and turning to China on reports of it coming up with an economic package of $1.4 trillion. Nifty lost 82000 level and intra-day 25000 level. , FPIs traded Rs 40,511 crore in four trading days and made net sales of shares worth over Rs 9897 crore today. Amidst the ups and downs, Nifty rose 50 points to 25485.05 and closed down to 24066.80 and finally fell 235.50 points to close at 25014.60. While the Sensex rose up to 83368.32 and fell down to 81532.68, it closed at 81688.45 after a fall of 808.65 points. Along with this, in the last five days, there was a continuous gap in finance, FMCG, banking, auto, small and midcap stocks compared to the attraction of IT stocks in Sensex and 4148 points in Nifty.
Wide gap in small, mid-cap stocks: FPI/FII sold Rs 9897 crore
Automobile stocks fell sharply today as heavy selling by funds continued. Mahindra & Mahindra fell by Rs 112.15 to Rs 3017.05, Hero MotoCorp fell by Rs 148.55 to Rs 55513.85, Tube Investments fell by Rs 95.95 to Rs 4088, MRF fell by Rs 2545.05 to Rs 1,33,592.55. Maruti Suzuki fell by Rs 50.55 to Rs 12,602.90. Of course, Tata Motors closed at Rs 930.70 down by Rs 4.70, Sundaram rose by Rs 32.30 at Rs 1419. BSE Auto Index fell 893.81 points to close at 58539.51.
gap in consumer stock
Funds also made heavy sales in shares of consumer durables companies. Shares traded higher amid reports that the festive mega sale in e-commerce did not get the expected response. Blue Star fell by Rs 86.30 to Rs 2060.50, Voltas fell by Rs 32.55 to Rs 1813.95, Aditya Birla Fashion fell by Rs 11.95 to Rs 332.75, Havells India fell by Rs 41.05 to Rs 1933, Titan fell. Rs 13.85 to Rs 3663.20. However, the price of VIP Industries increased by Rs 40.80 to Rs 563.85. BSE Consumer Durables index fell 901.82 points to close at 65858.28.
selling money in bank shares
Among banking-finance stocks, many shares fell today as heavy selling by funds continued. HDFC Bank fell by Rs 25.35 to Rs 1656.80, ICICI Bank fell by Rs 17.35 to Rs 1239.05, Kotak Mahindra Bank fell by Rs 13.40 to Rs 1808.50. While Bank of Baroda rose by Rs 5.50 to Rs 250.55, Axis Bank rose by Rs 5.85 to Rs 1181.30, State Bank of India rose by Rs 2.25 to Rs 796.60. The BSE Bankex index closed 367.25 points down at 58394.32. With this, shares of Bajaj Twins were washed away. Mahindra Financial fell by Rs 20.50 to Rs 301.65, Edelweiss fell by Rs 11.55 to Rs 121.35, Caffeine Tech fell by Rs 63.85 to Rs 1015, One97 Paytm fell by Rs 32.15 to Rs 695.20.
selling in oil shares
Among oil-gas stocks, international crude oil prices rose over 5 per cent yesterday amid fears of an Iran-Israel war. HPCL fell by Rs 8.50 to Rs 406.95, Petronet LNG fell by Rs 6.60 to Rs 357.70, IOC fell by Rs 2.60 to Rs 168.65, Reliance Industries fell by Rs 41.45 to Rs 2773.80. While Oil India price rose by Rs 33.40 to Rs 572.25, ONGC price rose by Rs 3.10 to Rs 295.20.
Valuation in IT stocks
IT-Software Services, Technology stocks were undervalued by funds today. Quick Hill Technology rose by Rs 54.90 to Rs 694.20, R Systems rose by Rs 34.20 to Rs 504, Netweb rose by Rs 115.55 to Rs 2513.10, Zegal Prepaid rose by Rs 14 to Rs 460. Infosys price increased by Rs 25.25 to Rs 1918.35, Coforge price increased by Rs 77.70 to Rs 7135, Zensar Technology price increased by Rs 6.95 to Rs 674.45, Tech Mahindra price increased by Rs 13.35 to Rs 1616.50, Wipro price increased by Rs 16.16 from Rs 3.60 to Rs 533.50. .
FPI selling Rs 9897 crore
Foreign portfolio investors – FPI, FII witnessed huge net selling of shares worth Rs 9896.95 crore in cash today. There were sales of Rs 24,421.74 crore against total purchases of Rs 14,524.79 crore. Thus, foreign funds have made a huge net sale of shares worth Rs 40,511 crore in four days this week. Whereas DII-Domestic Institutional Investors made huge net purchases of Rs 8905.08 crore in cash today. There were sales of Rs 11,381.45 crore against total purchases of Rs 20,286.53 crore.
Investors' wealth decreased
Sensex, Nifty based A group along with many midcap funds continued to fall, investors continued to sell investors' assets i.e. the total market capitalization of BSE listed companies also declined from Rs 4.18 lakh crore in a single day to Rs 460.89 lakh crore today. It became Rs. , Thus, in four trading days, investors' wealth has increased from Rs 477.93 lakh crore on September 27 to Rs 17.04 lakh crore.
