INSUBCONTINENT EXCLUSIVE:
NEW DELHI: It wasn’t an easy ride for the bulls on Friday, as the bears appeared to be overpowering during intraday trade
But IT majors Infosys and TCS came to their rescue, thus aiding the equity benchmarks settle in the green
Pharma stocks hit a six, whereas RIL scaled fresh lifetime high in an otherwise bearish market
The 30-share Sensex ended at 35,622, up 22 points, while NSE’s Nifty50 index closed 10 points higher at 10,817.
Here is your debrief on
the key events and developments that drove the market all through Friday
Check them out :- Put/Call writingOn the options front, maximum Put open interest (OI) was at 10,700 and 10,600 while maximum Call OI was at
11,000, followed by 10,800
There was Put writing at 10,700 followed by 10,800, while Call writing was seen at 10,800 and 11,000
What do these numbers mean, really
Well, they just show the limits of possible Nifty movement at both ends, as long as there is no major disruption
Chandan Taparia of Motilal Oswal Securities says these options data signals that Nifty will move in a trading range between 10,700 and
10,900 for sometime.
TCS approves Rs 16,000 crore buybackThe board of India’s IT major Tata Consultancy Services (TCS) on Friday approved
a Rs 16,000 crore share buyback plan, in an attempt to distribute available cash among shareholders
The company will buy back some 7.6 crore shares under the scheme at a price of Rs 2,100 per share, a 15 per cent premium to Friday’s price
The stock ended nearly 3 per cent higher at Rs 1,841 apiece on BSE
READ MOREInsider trading: Piramals were at itBSE data showed Nandini Piramal, the promoter of the Piramal Enterprises, sold 1,01,665 shares
on June 12 whereas Anand Piramal Trust, the promoter group of the company acquired 1,01,665 shares
SR Deo, director at NOCIL, acquired 1,75,375 equity shares on June 12, 2018.
MACD shows 56 stocks set to riseTechnical indicator MACD showed
upward crossovers for 56 stocks on NSE
They included UPL, KPIT Technologies, Tata Communications, Venky’s (India) and 8K Miles Software
On the other hand, 25 stocks had bearish crossovers such as Indian Oil, Tata Steel, NHPC and JSW Steel.
Spurt in open interestUnited Spirits
witnessed the biggest spurt in open interest at a staggering 403 per cent, followed by Ajanta Pharma (47.40 per cent) and MRPL (43.87 per
Avanti Feeds announces stock split bonusThe company's board on Friday approved the stock split in the ratio of 1:2 and bonus issue in the
The stock shut shop at Rs 1,841.35 apiece, down 1.28 per cent.
Block deals: Ambuja took a hitAmbuja Cements ended half a per cent lower at
Rs 204.90 apiece on BSE after 10 lakh shares changed hands in a single block deal
