INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Financial year 2018-19 turned out to be the best in four for domestic equities, despite several headwinds and a crippling bear
hug midway through the year.
Sensex wrapped up the financial year with 17 per cent gains to close at 38,672 on Friday, up 127 points, or
0.33 per cent, for the day, while Nifty settled 54 points, or 0.47 per cent, higher at 11,623.
While positive signals from US-China trade
talks kept the mood upbeat, sustained FPI inflow and hopes of a rate cut by RBI pushed investors to build fresh positions
Here we walk you through the ket highlights of Friday's session:Equity investors make Rs 9L cr in FY19The domestic equity market ended the
best financial year in four on Friday, with Sensex logging 17 per cent gain
Equity investors got richer by around Rs 9 lakh crore for the year, as total market-cap of BSE-listed stocks rose from around Rs 142 lakh
crore to Rs 151 lakh crore
The 30-share index last posted a better show in FY15, when it had risen 24.89 per cent
Spurt in OIVodafone Idea, with a change of 129.62 per cent, led the pack of stocks that witnessed biggest spurt in open interest (OI) on
It was followed by IDBI Bank (59.75 per cent), SRF (44.07 per cent), Reliance Power (32.86 per cent) and GAIL (27.63 per cent)
Vodafone Idea jumps 4%Extending the gains into the second consecutive session, shares of Vodafone Idea closed 3.71 per cent higher at Rs
The stock saw traction after reports that the company was pushing for an equal stake in optic fibre venture with Airtel.
Rs 1.25 lakh cr
wealth created in a dayFriday’s gains in the market made investors richer by Rs 1.25 lakh crore as overall market capitalisation of
BSE-listed firm rose to Rs 1,51,08,711 crore from Rs 1,49,83,159 crore on Thursday
In the last two sessions, the overall m-cap has jumped by Rs 2.78 lakh crore
RVNL IPO subscribed 8% on Day 1The initial public offer (IPO) of Rail Vikas Nigam (RVNL) was subscribed 8 per cent on Day 1 of the bidding
Data on the NSE website available till 4:30 pm on Friday showed the IPO had received bids for 2,10,38,160 shares against the total issue
MSTC makes tepid debutShares of Kolkata-headquartered MSTC made a tepid debut, as the scrip got listed at Rs 111 on BSE, a 7.5 per cent
discount to the issue price of Rs 120
The scrip closed at Rs 114.20, down 4.83 per cent from issue price.
Britannia replaces HPCL in Nifty50Shares of Britannia Industries slipped
0.19 per cent even as the company replaced Hindustan Petroleum Corporation in Nifty50
HPCL shares settled 3.83 per cent higher at Rs 283.
WABCO India jumps 5%Shares of WABCO India jumped 4.71 per cent to close at Rs 6,662 as
the company entered a definitive merger agreement with ZF Friedrichshafen AG, a privately-held global leader in driveline and chassis
PNB sells stake in PNB HousingPunjab National Bank (PNB) in a BSE filing said it will sell its stake in PNB Housing Finance to General
Atlantic and Varde Partners for Rs 1,851 crore
Varde Partners and General Atlantic will buy 1.09 crore shares each at Rs 850 per share, valuing the purchase at Rs 925.80 crore each
The PNB stock closed with a nominal gain of 0.05 per cent at Rs 95.40, while PNB Housing Finance rose 4.36 per cent to Rs 865 on BSE
Jet misses loan payment to HSBCJet Airways missed a $109 million loan repayment due to HSBC Bank this week, Bloomberg reported
The money was due on March 28 and was part of a two-tranche facility totalling $140 million that the company took from HSBC in 2014
Jet shares closed flat at Rs 269.35.
128 stocks signal riseMomentum indicator moving average convergence divergence, or MACD, showed bullish
crossovers on 128 counters on BSE, signalling potential rise in the coming sessions
Among the stocks were Lakshmi Vilas Bank, Adani Enterprises, Central Bank of India, India Cements, United Breweries and Tata Power
On the other hand, SBI Life Insurance, Bombay Dyeing, Escorts and Sunteck Realty were among 65 stocks that showed bearish crossovers on
