INSUBCONTINENT EXCLUSIVE:
NEW DELHI: After a day’s breather, domestic equities once again came under heavy selling pressure on Thursday, which dragged the
benchmark indices to the negative territory
The SP BSE Sensex shed 188 points to settle at 37,664 while the broader Nifty50 index of the National Stock Exchange (NSE) lost 50.05
points, or 0.44 per cent, to end at 11,385
As many as 30 index constituents ended in the red.
Here’s a look at key developments about Thursday’s trade: - Gail India hits over
21-year highState-run gas utility firm GAIL (India) shares rose as much as 5.16 per cent to Rs 399.40, their highest since March 20, 1997
The oil and gas major last week had reported 22.8 per cent year-on-year (YoY) rise in standalone profit at Rs 1,259.25 crore for June
quarter, in line with Rs 1,262 crore PAT projected by analysts in an ETNow poll
The stock shut shop at Rs 393.95 apiece on NSE, up 3.73 per cent.
NBCC rallies after new orderShares of the company ended 4.56 per cent
higher at Rs 75.65 apiece on BSE after the company bagged order from SAIL worth Rs 250 crore in Rourkela, Odisha
Who moved my SensexThe HDFC twins, Kotak Mahindra Bank, Reliance Industries, LT and Vedanta contributed the most to the fall in the index
On the other hand, Infosys, Sun Pharma and ICICI Bank lent the crucial support to the 30-pack
Spurt in open interestBalkrishna Industries witnessed the biggest spike in open interest at 22.97 per cent, followed by Berger Paints
(21.40 per cent), Kotak Mahindra Bank (18.24 per cent) and Jain Irrigation Systems (16.48 per cent)
Earnings impactRain Industries hit an upper circuit limit of 5 per cent of Rs 218.55 apiece on BSE after posting strong quarterly earnings
June quarter profit of the company jumped 95 per cent to Rs 2,948.05 crore against Rs 1,515.31 crore in the year-ago period.
Dilip Buildcon
rose over 5 per cent to Rs 888 apiece after the company posted 109 per cent YoY surge in its net profit at Rs 2,555 crore against Rs 1,222
crore in the year-ago period
The stock, however, later pared all the gains to end at Rs 851.50 apiece on BSE, up 0.87 per cent
Select midcaps, smallcaps fly highAlthough the midcap and smallcap indices ended in the red, a slew of companies from these baskets made
solid advances during the session
UBL, NBCC, Future Retail and Reliance Nippon Life Asset Management were the top gainers in the midcap space while WPIL, HDIL, BF Investment
and Zensar Technologies were among the top gainers in smallcap universe
Rupee continues to bleedThe domestic unit on Thursday hit a fresh record low of 70.39 against the US dollar
The currency on Tuesday breached the 70 level for the first time ever in intraday trade before recovering a mild 4 paise to settle at 69.94
At the time of writing this report, the currency was trading at 70.26 against the greenback
Dow futures strongAt 04:00 pm, the Dow Futures were trading 141 points or 0.56 per cent higher at 25,328, indicating a positive opening for
the US stocks.
Oversold/overbought stocksSkipper, Asian Granito India, Matrimony.com, India Power Corp and Shreyas Shipping were the five
stocks which have entered the oversold zone
On the contrary, 15 stocks entered the overbought territory
Prominent among them included Aditya Birla Fashion, JK Paper, BF Investment, Lincoln Pharmacy, Saksoft and International Paper.
