INSUBCONTINENT EXCLUSIVE:
NEW DELHI: US Federal Reserve’s hawkish tone scared the hell out of investors across the globe on Thursday, making them shun equities and
rush to safer bets such as gold.
Domestic stocks, too, fell prey of investors’ anxiety, which halted the three-day winning streak
The SP BSE Sensex on Thursday lost 139 points to end at 35,599, with Sun Pharma (up 2.57 per cent) leading the pack while ICICI Bank (down
2.11 per cent) ended as the worst laggard.
The broader Nifty50 index of the National Stock Exchange (NSE) shed 49 points to close at
10,808.
Here’s a look at Thursday’s trade in eight points: - Insider trading BSE data showed Ashok Jaipuria, director at HSIL, acquired
4,500 shares, or 0.3 per cent, stake of the company during June 12 13, 2018
Cygnet Industries, the promoter group of Century Enka, sold 8,00,093 shares, or 3.65 per cent, stake in the company between June 12 and
13.
ICICI Pru OFS fully subscribedThe OFS (offer for sale) of ICICI Pru Life Insurance got fully subscribed, including the greenshoe option,
at an average price of Rs 392.50 per share
The stock ended 1.67 per cent lower at Rs 403.40 apiece on BSE
Offer for sale (OFS) is a method of share sale through the exchange platform for listed companies.
RIL ends at fresh all-time highShares of
Mukesh Ambani-led Reliance Industries (RIL) scaled fresh all-time high of Rs 1,011 in intraday trade
The scrip has been on a rising spree since the beginning of the year, rallying over 10 per cent so far
Eventually, the stock ended at a new closing high of Rs 1,007 apiece on BSE.
Block deals spook Bharti InfratelBharti Infratel ended 1.20 per
cent down at Rs 296.10 apiece on BSE after 33.7 lakh shares changed hands in a block deal on the BSE
Stocks in the oversold zoneTechnical indicator RSI (Relative Strength Index) showed KSK Energy Ventures, IVRCL, Manpasand Beverages, Asian
Granito India, LG Balakrishnan Bros and Arrow Greentech slipped into the oversold territory on Thursday.
MACD shows bullish crossover for
NiftyMomentum indicator moving average convergence divergence, or MACD, showed bullish crossover for the Nifty50 index
MACD is known for identifying trend reversals
A nine-day exponential moving average, called the ‘signal line’, is plotted on top of the MACD to reflect ‘buy’ or ‘sell’
opportunities.
New IPOs being lined upHinduja Leyland Finance, the finance arm of Ashok Leyland, has filed for an IPO
The offer comprises fresh issue of shares worth up to Rs 500 crore and OFS of up to 2.19 crore equity shares
Axis Capital, Citi Group Global Markets India and YES Securities are the book running lead managers for the offer.
Volume gainersJP
Associates, Vakrangee, Dish TV India, PC Jeweller, SAIL, PNB, SBI and Kwality were among the most active stocks in terms of volume.
