INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Geopolitical tensions could not scare investors on Dalal Street on Monday, as the bulls scripted a solid rebound
After opening nearly 300 points down, the headline indices slowly and gradually climbed up to settle with respectable gains.
The SP BSE
Sensex added 113 points to end the session at 34,305, while NSE's Nifty50 closed 48 points higher to end above the crucial 10,500 level at
10,528.
It was an action-packed day
Let's check out key market movers:Kotak Bank 2nd most valued lenderPrivate lender Kotak Mahindra Bank toppled country's biggest lender SBI
in terms of market capitalisation to become the second most valued bank after HDFC Bank
At close, Kotak Bank’s market cap stood at Rs 2,23,342 crore, ahead of SBI’s Rs 2,22,846.95 crore
HDFC Bank's m-cap was at Rs 5,03,097.17
Shares of Kotak Bank ended 2 per cent higher at Rs 1,172 apiece while those of SBI closed nearly 1 per cent lower at Rs 249.30.
IMD
forecasts normal monsoon for 2018India will have normal monsoon this year, IMD said on Monday
Rainfall, the Met department said, will be 97 per cent of the long-term average
“The country won't face deficient monsoon rainfall this year (June-September period),” IMD chief KJ Ramesh said.
Tough road ahead for
Tata MotorsIn the past three months, the Tata Motors stock has lost about 20 per cent
With JLR still to regain its lustre and projected earnings per share at Tata Motors falling 38 per cent since January 2017, reasonable
valuations alone may not be enough to draw long-term investors back to the stock
On Monday, the stock slipped 5 per cent to settle at Rs 339 apiece on BSE
READ MOREBlock deals in IdeaIdea Cellular ended 1.32 per cent lower at Rs 71.25 apiece on BSE after 39 lakh shares of Idea Cellular changed
This apart, 12 lakh shares of ICICI Bank changed hands in a block deal
The stock shut shop at Rs 287.40, down just 0.28 per cent
Shares of Chennai Petro ended nearly 1 per cent higher at Rs 339 after 4.3 lakh shares(0.3 per cent equity) traded in 2 blocks on NSE at Rs
333.15/share.
WPI inflation eases to 2.47% in MarchInflation based on wholesale prices eased marginally to 2.47 per cent in March on cheaper
food articles, especially pulses and vegetables
On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March last year
Inflation of the 'fuel and power' basket, however, rose to 4.70 per cent in March from 3.81 per cent in the previous month
READ MORERupee slips to 5-month lowThe rupee on Monday plunged to 65.45 against the US dollar, its lowest level since November 14, 2017,
during the afternoon trade
Earlier, the domestic currency opened 12 paise lower at 65.32 against the US dollar as rising crude oil prices stoked concerns of widening
current account deficit and renewed inflation fears amid worsening geopolitical environment
READ MOREBig Bull’s unflinching love for JPAAce investor Rakesh Jhunjhunwala’s name again appeared among key individual shareholders in
crisis-hit Jaiprakash Associates, latest shareholding data provided by the company showed on Monday
Jhunjhunwala was holding 3 crore shares, or 1.23 per cent stake, in the company as of March 31, 2018
The stock ended nearly 2 per cent higher at Rs 19.70 apiece
READ MOREUCO Bank hits 12-year lowShares of state-run lender UCO Bank nosedived 18 per cent in the intraday trade to hit its lowest since
The CBI on Saturday booked former UCO Bank CMD Arun Kaul and others for allegedly cheating the bank to the tune of Rs 621 crore
The agency is carrying out searches at 10 locations – eight of them in Delhi and two in Mumbai – in this connection, PTI reported
The stock, however, pared some losses and ended 6.49 per cent lower at Rs 20.90 apiece on BSE.
Spurt in open interestDCB Bank witnessed the
biggest spike in open interest at 44.81 per cent
Pidilite Industries (19.20 per cent) and Mindtree (18.75 per cent) were the next on the list.
