Advances vs. Declines for 12 Jun 2024
On this day, we observed a significant difference between the stocks that advanced and those that declined, reflecting a potentially optimistic sentiment among investors. Here’s a quick look at the numbers:
| Date | Advance | Decline |
|---|---|---|
| 12 Jun 2024 | 2,518 | 1,376 |
The market showed a strong inclination towards buying, with 2,518 stocks advancing. This substantial number indicates a robust investor confidence, likely spurred by positive news or favorable economic indicators. However, not all was smooth sailing as 1,376 stocks declined, underscoring the market’s inherent volatility and the mix of concerns or profit-taking activities among traders.
FII/FPI & DII trading activity on NSE, BSE and MSEI
| Date | FII/ FPI * | DII ** | ||||
|---|---|---|---|---|---|---|
| Buy Value(₹ Crores) | Sell Value(₹ Crores) | Net Value(₹ Crores) | Buy Value(₹ Crores) | Sell Value(₹ Crores) | Net Value(₹ Crores) | |
| 12 Jun 2024 | 15,273.41 | 14,846.78 | 426.63 | 13,651.65 | 13,417.90 | 233.75 |
| 11 Jun 2024 | 15,527.24 | 15,638.28 | -111.04 | 14,162.60 | 10,969.31 | 3,193.29 |
| 10 Jun 2024 | 13,721.97 | 11,149.59 | 2,572.38 | 16,933.99 | 14,169.53 | 2,764.46 |
| 07 Jun 2024 | 19,943.97 | 15,552.95 | 4,391.02 | 15,564.17 | 16,853.92 | -1,289.75 |
| 06 Jun 2024 | 13,969.51 | 20,837.23 | -6,867.72 | 17,030.30 | 13,311.92 | 3,718.38 |
| This Week | 78,436.10 | 78,024.83 | 411.27 | 77,342.71 | 68,722.58 | 8,620.13 |
| Last Week | 184,816.40 | 197,495.03 | -12,678.63 | 112,419.89 | 103,722.72 | 8,697.17 |
| This Month | 277,414.54 | 295,523.74 | -18,109.20 | 202,716.75 | 180,165.66 | 22,551.09 |
Recent Daily Activity:
- 12 Jun 2024: FIIs showed minimal net gains of ₹426.63 crore, highlighting their tentative participation in the market. DIIs, although net positive, displayed limited enthusiasm with a small net of ₹233.75 crore.
Weekly and Monthly Overview:
- This Week: FIIs had a slight net gain of ₹411.27 crore, suggesting hesitation. DIIs, while bullish with ₹8,620.13 crore, might be overextending amidst market fluctuations.
- Last Week: FIIs pulled back significantly with a net withdrawal of -12,678.63 crore, reflecting major concerns. DIIs, however, countered this with a net addition of ₹8,697.17 crore, potentially overlooking emerging risks.
- This Month: FIIs have withdrawn a considerable -18,109.20 crore, indicating a lack of confidence in current market conditions. In contrast, DIIs invested a robust ₹22,551.09 crore, risking potential overinvestment in an uncertain environment.
These figures suggest a period of caution and possible discord between the strategies of FIIs and DIIs, highlighting underlying market volatility.
Commodity Price (12 Jun 2024)
| Symbol | Unit | Location | Spot Price (Rs.) | % Change |
|---|---|---|---|---|
| ALUMINIUM | 1 KGS | RAIPUR | 236 | -0.06 |
| COPPER | 1 KGS | THANE | 857 | 1.5 |
| COTTONCNDY | 1 CANDY | RAJKOT | 55,880 | -0.07 |
| GOLD | 10 GRMS | AHMEDABAD | 71,318 | -0.04 |
| NATURALGAS | 1 mmBtu | NA | 261 | 7.71 |
| NICKEL | 1 KGS | THANE | 1,507 | -1.06 |
| SILVER | 1 KGS | AHMEDABAD | 87,962 | 0 |
| ZINC | 1 KGS | THANE | 258 | 0.88 |
Recent commodity prices reflect varied market dynamics. In the metals sector, while Aluminium in Raipur slightly decreased to 236 per kg, Copper in Thane rose to ₹857 per kg, indicating robust demand. Meanwhile, Nickel saw a decrease to 1,507 per kg, suggesting a softening in industrial demand.
In textiles and precious metals, Cotton in Rajkot dipped to 55,880 per candy, Gold in Ahmedabad saw a decline to 71,318 for 10 grms, reflecting cautious trading. Silver saw a significant increase at ₹87,962 per kg in Ahmedabad . Zinc prices increased to ₹258 per kg in Thane, likely driven by growing industrial use, whereas Natural Gas surged by 7.71% to ₹261 per mmBtu, indicating significant shifts in energy markets.
These trends provide key insights for stakeholders, highlighting the importance of monitoring these commodities closely in a fluctuating economic landscape.
