INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic equity benchmarks Sensex and Nifty continued the record-setting run and finished at fresh record highs of 38,896 and
11,738, respectively on healthy gains in metals, energy, financial and IT stocks
The 30-share Sensex added 202 points, or 0.52 per cent, while Nifty climbed 46 points, or 0.40 per cent.
Midcaps failed to perform
The BSE Midcap index settled with a loss of 0.35 per cent at 16,671
The BSE Smallcap index gained a modest 0.36 per cent to settle at 17,043.
Let’s walk you through the day’s proceedings:1
Who moved my SensexHeavyweight Reliance Industries emerged as the top contributor to the rally in Sensex, contributing 86.90 points
The stock hit fresh 52-week high of 1,323 before closing at Rs 1,318.20, with a gain of 2.06 per cent
It was followed by HDFC, HDFC Bank, Maruti Suzuki and Axis Bank in the pack of top contributors
Vedanta, jumping 2.20 per cent, claimed the top seat in the Sensex index, followed by Adani Ports (2.20 per cent), Reliance Industries (2.06
per cent), Maruti Suzuki (1.72 per cent) and Axis Bank (1.62 per cent)
Stocks that lost steamYES Bank plunged 3.07 per cent, leading the pack of Sensex losers
State Bank of India (SBI) (1.07 per cent), Hindustan Unilever (HUL) (1.04 per cent), ONGC (0.94 per cent) and IndusInd Bank (0.77 per cent)
fell prey to profit-booking
The top five drag on the Sensex index were- YES Bank, ITC, HUL, SBI and IndusInd Bank, in that order
Jet’s flight through air pocketShares of Jet Airways settled 4.61 per cent higher at Rs 294.80 despite reporting a whopping Rs 1,323 crore
net loss for June quarter
The loss is mainly due to higher fuel cost and other expenses caused by a falling rupee
The ongoing cash crunch has forced the airline to embark on a Rs 2,000 crore cost cutting drive and stake sale in its loyalty programme –
Jet Privilege – as part of capital infusion
Adani group shares dazzledShares of Gautam Adani-led Adani Group companies, Adani Transmission (15.65 per cent), Adani Enterprises (8.27 per
cent), Adani Green Energy (4.93 per cent), Adani Power (4.33 per cent) and Adani Ports and SEZ (2.20 per cent), witnessed strong traction
Media reports suggested that the BSE has sought clarification from Adani Transmission on an increase in volume
IT giants hit fresh highs Infosys (up 0.67 per cent) and TCS (up 0.68 per cent) hit fresh 52-week highs of 1,438.50 and 2,072, respectively
today amid volatile rupee
OMCs sink on spike in crude pricesMost OMC stocks, including MRPL (down 2.55 per cent), HPCL (1.95 per cent), Oil India (1.09 per cent),
ONGC (0.94 per cent) and BPCL (down 0.73 per cent) suffered losses on Tuesday after oil price rose to its highest since July
The oil price rose towards its highest since early July on Tuesday, thanks to evidence of still-modest increases in output from OPEC and
improving Chinese refining demand, Reuters reported
Global stocks surgedThe US-Mexico trade deal, seen as a step towards averting the possibility of a global trade war, infused positive
sentiment in global stocks
Globally, stocks rose to a six-month high on Tuesday, lifted by investor optimism that a US-Mexico deal to overhaul the North American Free
Trade Agreement will go some way to averting a global trade war, Reuters reported
European shares rallied in opening trade while in Asia, Japan’s Nikkei closed at its highest level since mid-June
The Chinese market, however, took a breather and closed a little lower
