INSUBCONTINENT EXCLUSIVE:
The domestic equity market ended the week in the green on better-than-expected macroeconomic data
The BSE Sensex advanced 289 points, or 0.81 per cent, for the week to end at 35,962 on December 14, and Nifty gained 111 points, or 1.05 per
cent, to 10,805.
The market kicked off the week on a pessimistic note after assembly poll results in five states showed Prime Minister
However, sentiments turned positive after Asian Development Bank (ADB) retained Indian growth forecast at 7.3 per cent for this financial
year and at 7.6 per cent for FY20
On the economic front, industrial production measured by the Index of Industrial Production (IIP) surged to an 11-month high of 8.1 per
cent in October against 4.5 per cent in September 2018 and 1.8 per cent in October 2017
Retail inflation cooled to a 17-month low of 2.33 per cent in November from 4.88 per cent in the same month last year
Here is a look at the stocks and sectors that created buzz in the market through the week
court put its sale to Malaysia's IHH Healthcare on hold
The scrip closed 6.75 per cent down at Rs 141.65 on Friday.
IndianOil: State-owned Indian Oil Corporation on Thursday announced a buyback of
3.06 per cent equity shares at a price of Rs 149 per stock for a consideration not exceeding Rs 4,435 crore
The buyback decision was taken by the company's board meeting held on Thursday
The stock closed nearly 3 per cent higher at Rs 141 on Friday.
YES Bank: The private sector lender remained under pressure as market
participants awaited the outcome of board meeting on Thursday
stipulated timeline given by RBI
The stock advanced 8.58 per cent to Rs 180.35 on BSE for the week ended December 14.
@fresh 52-week highs/lows: In the BSE500 index pack,
PVR, Ipca Labs, Wipro, Colgate-Palmolive, HUL, Muthoot Finance and Line India scaled fresh 52-week highs during the week, while Tejas
Network, ILFS Transportation, Orient Cement, Inox Wind, Bajaj Corp, Va Tech Wabag and Oil India hit 52-week lows.
Bandhan Bank: Shares of
the lender hogged limelight after the Reserve Bank allowed the private bank to open new branches
The scrip jumped nearly 13 per cent to Rs 533 on December 14 from Rs 472 on December 7.
Sectoral update: Among the sectoral indices on BSE,
the BSE Auto index gained 4.50 per cent during the last five sessions, followed by Consumer Durables (3.40 per cent), Oil Gas (3.40 per
cent) and FMCG (2.70 per cent) indices
Other indices also ended the week in the green.
ADAG stocks: Shares of Reliance ADAG companies hogged limelight on Friday after the Supreme
Shares of Reliance Naval and Engineering closed 16.34 per cent higher at Rs 16.59.
Hero MotoCorp: Shares of the two-wheeler major advanced
nearly 10 per cent in last five sessions
Hero MotoCorp gained traction on planning to launch a new fully faired motorcycle
This new motorcycle will be powered by the 200cc motor seen on the Hero Xtreme 200R
Of the four, the Xtreme 200R has already been launched while the XPulse 200 and the XPulse 200T adventure bikes will be launched in early
Moreover, in an interesting possibility, the new bike might carry the Karizma tag.
Bajaj Finserv: The scrip rallied over 5 per cent during
Most of the financial stocks rallied last week on expectations that the new RBI governor would announce steps to ease liquidity, amid
worries that shrinking liquidity will hurt their earnings
According to reports, the new governor could adopt a more lenient stance on liquidity issues the NBFC sector is facing
Besides, possible interest rate cuts and softer monetary policy, both will benefit NBFCs.
