INSUBCONTINENT EXCLUSIVE:
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
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
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
