INSUBCONTINENT EXCLUSIVE:
NEW DELHI: It was complete mayhem on Dalal Street that shocked investors on Friday as BSE benchmark Sensex plunged and then recovered 800
points within minutes.
Sensex swung 1,500 points intraday, Nifty witnessed a movement of 480 points and the volatility index, India VIX,
stood at 9.69 per cent.
Equity benchmarks Sensex and Nifty opened in the positive zone, traded in the green zone during the first half,
plunged sharply in the afternoon session and settled after staging a smart recovery
After falling about 1,128 points intraday, the 30-share Sensex closed at 36,841.60, with a loss of 279.62 points, or 0.75 per cent
Overall, 13 stocks in the index ended the day with gains.
The Nifty50 plunged 368 points intraday and eventually closed at 11,143.10, with a
loss of 91.25 points, or 0.81 per cent
Among the 50 stocks in the index, 23 settled in the positive terrain and 27 in the negative zone.
This was the fourth consecutive fall for
Sensex and Nifty on a daily basis
Sensex lost 1,249 points, or 3.28 per cent even as Nifty pared 372 points or 3.23 per cent in the last four sessions
The BSE Midcap and Smallcap underperformed benchmark Sensex and finished the day with a loss of 1.72 per cent and 3 per cent,
respectively.
On a weekly basis, Sensex and Nifty fell for the third consecutive week
Let's walk you through the highlights of today's session:
Financials guttedMost financial stocks suffered terrible losses on Friday
Among the losers, Dewan Housing Finance Corporation (DHFL) (down 42.43 per cent) led, followed by ILFS Investment Managers (down 16.08 per
cent), Crest Ventures (down 14.34 per cent), Coral India Finance Housing (down 11.62 per cent), The Investment Trust Of India (down 10.61
per cent), Palash Securities (down 10.57 per cent) and SREI Infrastructure Finance (down 10.02 per cent)
Analysts said a tight money market and the lack of clarity regarding ILFS exposure led to the knee-jerk reaction.
YES Bank plungedShares of
YES Bank plunged 28.71 per cent on BSE on Friday, finishing at Rs 227.05
The stock hit its 52-week low of Rs 210.10 today after the RBI asked its managing director and CEO Rana Kapoor to step down after an
extended term till January 31, 2019
The news upset the investors and most top brokerages downgraded the stock after RBI's directive
The market capitalisation of the company plunged by over Rs 22,000 crore today
Who dragged my SensexYES Bank, Kotak Mahindra Bank, Infosys, Maruti and IndusInd Bank stood as the top five drag on Sensex
In terms of percentage fall, YES Bank (28.71 per cent), Kotak Mahindra Bank (3.86 per cent), Adani Ports (2.94 per cent), IndusInd Bank
(2.38 per cent) and Maruti (2.04 per cent) remained the top five losers in the index.
On the flip side, ONGC (up 1.95 per cent), Wipro (up
1.38 per cent), ITC (up 1.37 per cent), TCS (up 1.30 per cent) and Asian Paints (up 1.07 per cent) emerged as the top five gainers in the
index.
400 stocks at 52-week lowsAs many as 400 stocks, including Yes Bank, DHFL, Adani Ports, Jet Airways (India), Apollo Tyres, JK Tyre
Industries and Rane Holdings, hit 52-week lows on NSE
Monnet Ispat Energy, Deepak Nitrite, Dr
Reddy's Laboratories, JSW Steel, Khaitan Electricals, SPL Industries and Wipro stood among 15 stocks that hit 52-week highs on NSE today
Most traded stocksYES Bank (number of shares traded: 29.36 crore) emerged as the most traded stock on NSE, followed by Reliance
Communications (15.16 crore), DHFL (11.53 crore), Suzlon Energy (9.37 crore), JP Associates (7.45 crore), Idea Cellular (5.24 crore), GMR
Infra (5.07 crore), PNB (5.02 crore), Bank of Baroda (4.66 crore) and Vedanta (4.24 crore)
YES Bank (Rs 7,212.56 crore) led the pack of most active stocks in value terms too
Dewan Housing (Rs 4,388.31 crore), Reliance Industries (Rs 2,332.84 crore), Axis Bank (Rs 1,523.64 crore), Tata Steel (Rs 1,443.16 crore),
Bajaj Finance (Rs 1,376.33 crore), Indiabulls Housing Finance (Rs 1,365.03 crore), Maruti Suzuki (Rs 1,334.24 crore), HDFC (Rs 1,180.16
crore) and HDFC Bank (Rs 1,115.10 crore) also featured in the pack of most active stocks in value terms, in that order
127 counters showed bearish signalMomentum indicator Moving Average Convergence Divergence (MACD) showed as many as 127 stocks with bearish
Among them were JSW Steel, NMDC, Apollo Tyres, Aurobindo Pharma, Can Fin Homes and Jindal Saw
On the other hand, only six stocks - ONGC, Bharti Infratel, Gruh Finance, Asahi India Glass, GlaxoSmithKline Consumer Healthcare and
Butterfly Gandhimathi Appliances - showed bullish crossovers on NSE
Global markets jumpWorld shares hit their highest levels in over six months on Friday, as investors gravitated to the view that the latest
exchange of tariffs between the United States and China may be less damaging than initially feared, Reuters reported
Among Asian peers, China's Shanghai SE Composite Index jumped 2.50 per cent
Hang Seng and Nikkei 225 clocked a gain of 1.73 per cent and 0.82 per cent, respectively.
