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After Market: Rupee tumble, most active stocks and Put/Call data

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NEW DELHI: Snapping a two-day fall, the domestic equity market ended with decent gains on Tuesday.

The SP BSE Sensex added 207 points, or 0.55 per cent, to end at 37,852.

The broader Nifty50 index of the National Stock Exchange (NSE) went home 79.35 points, or 0.70 per cent, higher at 11,435.

“The market reversed Monday’s loss led by broadbased buying across sectors, as investors rejoiced a moderation in domestic CPI and WPI inflation despite rupee hitting historic low of Rs 70 against the US dollar.

The broadbased rally is expected to continue as domestic earnings outlook is improving and reversal of FII inflows,” said Vinod Nair, Head of Research, Geojit Financial Services.

Here’s a look at the top newsmakers of Tuesday's session: Rupee breaches 70 for first timeThe rupee breached the crucial 70 level against the US dollar for the first time to hit an all-time low of Rs 70.09 during the day.

This year, the rupee has been among the weakest currencies in Asia and is down 10 per cent on a year-to-date basis.

However, the local unit recovered some lost ground.

At the time of writing of this report, the domestic currency was trading 22 paise higher at 69.87.

READ MORESun Pharma surges post Q1 nosShares of the drug major ended 7 per cent higher at Rs 601.65 apiece on BSE after the company reported a better-than-expected results reported a consolidated net profit of Rs 982.51 crore for the June quarter against a Rs 424.92 crore loss reported for the year-ago period.

Analysts had projected the profit figure at Rs 905 crore.

READ MORESpurt in open interestShares of Allahabad Bank witnessed the biggest spurt in open interest at 58.39 per cent, followed by Balkrishna Industries (31.44 per cent), Cadila Healthcare (26.25 per cent) and Page Industries (26.07 per cent).

Call/Put writingOn the options front, maximum Put open interest was at 11,000 followed by 11,200, while maximum Call OI was at 11,500 followed by 11,600.

There was meaningful Put writing at 11,400 and 11,500 levels, whereas Call writing was seen at 11,700, followed by 10,600. IDBI Bank net loss widensThe lender reported a net loss of Rs 2,410 crore against Rs 853 crore loss reported for the corresponding quarter of last financial year.

The bank provisions for the June quarter stood at Rs 5,236.07 crore against Rs 2,035.96 crore provisions reported for the year-ago period.

The stock ended flat at Rs 60.30 apiece on BSE, down 0.33 per cent.

Bectors Food files for IPOBiscuit maker Mrs Bectors Food Specialities has filed draft papers with markets regulator Sebi to raise an estimated Rs 800 crore through an initial public offering.

The IPO will see sale of shares to the tune of Rs 800 crore by existing shareholders and promoters, according to the draft red herring prospectus (DRHP) filed with Sebi.

“Listing of the equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders,” the company said. Most active stocksReliance Communications, Uttam Value Steels, Vakrangee, HDIL, Adani Power, JP Associates and SBI were the most active stocks in terms of volume.

Sun Pharma, Tata Steel, SBI, TCS and Dewan Housing emerged as the most active stocks in terms of value.




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