Stock Market

After Market: Block deal in Alcargo, Tata Coffee's rebound and new IPOs

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NEW DELHI: Recovery in peer global markets had a rub-off effect on the domestic stocks on Tuesday and lifted SP BSE Sensex 114 points to 35,379, while NSE’s Nifty50 added 42.60 points to close at 10,699.

Volatility index India VIX eased 3.5 per cent to 12.89. “Appreciation in rupee over dollar and a positive rebound in global market provided some stability in the domestic market.

Pharma and IT stocks outperformed owing to the advantage of favorable exchange rate and improving outlook,” said Vinod Nair, Head of Research, Geojit Financial Services. "However, global trade tensions may influence investors to retain a cautious approach to the market in the near term," he added. In today's After Market, we bring you - - Insider trading details; - New DRHP filers; - Block deals; - Scrips that slipped into oversold zone Kwality hits lower circuitShares of the Kwality were locked in the lower circuit limit of 4.82 per cent at Rs 21.70 after its promoter Sanjay Dhingra sold 13 lakh shares, or 0.54 per cent, equity at Rs 22.07 each. Block dealsAllcargo Logistics ended nearly 4 per cent higher at Rs 111 apiece after 24.7 lakh shares changed hands in two block deals.

Smart recoveryTata Coffee recovered 14.16 per cent from the day's low to settle at Rs 126.15.

Amber Enterprises, Adlabs Entertainment and Hindustan Media recovered 14.78 per cent, 8.18 per cent and 11.07 per cent, respectively from day's lows. New IPOsFlemingo Travel Retail, a leading duty-free and travel retail operator, has received Sebi's go ahead to launch a Rs 2,600 crore IPO.

This apart, Noida-based IndiaMART has filed draft papers with market regulator Sebi. Insider tradeBSE data showed Jalgaon Investments, the promoter group of Jain Irrigation Systems, acquired 2,00,000 shares.

Promoter groups of Max Financial Services, Liquid Investment and Trading Company, Max Ventures Investment Holdings and Mohair Investment and Trading Company, have pledged a total of 17,90,000 equity shares.

Call/Put writingOn the options front, maximum Put open interest was seen at 10,600 followed by 10,500, while maximum Call OI was at 11,000 followed by 10,800.

There was Put writing at 10,600 followed by 10,700, while Call unwinding was seen at all immediate strike prices. Spurt in open interestJustDial witnessed the biggest spurt in open interest at 37.41 per cent, followed by KPIT Technologies (28.73 per cent) and Tata Global Beverages (23.03 per cent). Stocks in the oversold zoneTechnical indicator RSI showed as many as 19 stocks have slipped into the oversold territory.

The list includes 8K Miles Software, KSK Energy Ventures, Asian Granito India and Prabhat Dairy.




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Category: Stock Market


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