On Tuesday, the Indian stock market closed with an increase, although the Nifty failed to cross the 25,000 level. Midcap and smallcap stocks continued better even today. The Sensex rose 371 points to close at 81,644. The Nifty 50 index rose 104 points to 24,981, which crossed the 25,000 level for the second time in the day, but could not retain its lead. The Nifty Bank rose 130 points to close at 55,865.
Region and shares
Reliance Industries has performed brilliantly. RIL rose by 3%. Reason: Brokerage reacted positively to the news of Jio’s new tariff plan. RIL was the biggest contributor to the Nifty’s boom. Auto Share – Tata Motors, Bajaj Auto, Hero MotoCorp, Mother’s Sumi and Sona BLW were the most profitable. Reason: The news of the ban on rare-earth magnets coming from China, which will provide relief to the production of electric vehicles and hybrid vehicles.
Fast in textiles
The government removed the duty on cotton imports. Raymond shares rose by 11%. All -round purchases were observed in the textile sector.
Fast in shares of new times
Both were in the most profitable purchases in the Atternal and Paytm.
FMCG and Durables
In the hope of cutting GST, shares like Tata Consumer, Voltas and Bluestar gained 2-3%.
Other important changes
Jayaswal Neko has a 10% increase, volume strong. PNB Housing out of F&O ban, 4% gained from short covering. Gayle increased by 1% due to the news of PNGRB approved in September. Astral and Supreme Industries increased by 2-4%, DGTR recommended imposing anti-dumping duty on import of PVC resin. Last month, after the cancer deal, the entire pace of Glenmark Pharma slowed down.
What are the indications from global markets?
Asian markets declined on Tuesday. South Korea’s cospy index was 0.33 percent, Hong Kong’s Hang Seng 0.04 percent and Japan’s Nikkei 225 index was 0.08 percent. The US stock market remained stable on Monday. Investors are waiting for the report of retail companies and the statement of Federal Reserve President Jerome Powell at the Jackson Hole Summit. The S&P 500 almost stabilized, while Dow Jones Industrial Average fell 0.07%.
IPO update
The IPO of the main board will include petal retail, Vikram Solar, Gem Aromatics and IPOs of Shreeji Shipping. At the same time, Bluestone Jewelery and Lifestyle will be listed on the exchange for the first time. The IPO of LGT business connections will open on SME IPO and the IPO of Studio LSD will continue on the second day. In addition, iCodex publishing solutions will be listed on the BSE SME platform.
