INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Top bank stocks helped Dalal Street fight off weak global cues and end in the green for the sixth straight session
Shares of ICICI Bank, Kotak Bank, SBI and HDFC Bank gained between 0.80 per cent and 1.35 per cent and LT, RIL and MM chipped in to lift
Sensex by 77 points, or 0.21 per cent, to 36,347
Nifty rose 20 points to reclaim the 10,900 mark and close at 10,909
to pare its Rs 91,000 crore debt
On Tuesday, the group announced plans to sell equity stakes in its road assets
Shares of ILFS Investment Managers (up 9.86 per cent), ILFS Transportation Networks (up 5 per cent) and ILFS Engineering Construction
Company (up 4.98 per cent) jumped in that order
Rs 6.80 lakh cr added in six daysThe BSE investors have become richer by nearly Rs 6.80 lakh crore in the last six sessions as the
cumulative market capitalisation of BSE listed firms jumped to Rs 1,44,72,895.47 crore from Rs 1,37,92,970.08 on December 10
On Tuesday alone, investors became richer by Rs 50,000 crore
MIRC jumps on meeting with Big BullShares of MIRC Electronics shot up 20 per cent on Tuesday after it met investors, including Rakesh
In a BSE filing, the company put out the details of the meetings scheduled with the Big Bull and other analysts and fund managers, which had
names of Rare Enterprises, Emkay Global, Florintree Advisors, Akashganga Investments, AUM Advisors, DSP Mutual Fund and Quant Money Managers
Bombay Dyeing rallies 5%Shares of Bombay Dyeing jumped 4.97 per cent to Rs 115.10 after the company's board approved closure of its
loss-making Indonesian subsidiary
Zee falls 8% post BofAML downgradeZee Entertainment shares settled with a loss of 7.97 per cent at Rs 462.60 on BSE after a downgrade by
Power pack lights up, but Teck suffersThe power index emerged as the top gainer among the sectoral indices on BSE, backed by gains in
PowerGrid, NTPC, BHEL, Tata Power and Reliance Infrastructure
On the flip side, the teck pack finished as the top loser index on losses in Infosys, Tech Mahindra, TCS, Wipro and Mindtree
144 stocks signal upsidesMomentum indicator moving average convergence divergence, or MACD, showed bullish sentiment on 144 counters on the
Top among them were Union Bank of India, NBCC, Aditya Birla Capital, Bharti Airtel and Adani Enterprises
On the other hand, 37 stocks, including Zee Entertainment, Indian Hotels, Reliance Communication and Honeywell Autumation, showed bearish
32 stocks in overbought zoneThe Relative Strength Index, or RSI, showed 32 stocks have slipped into the oversold zone on BSE
Among them were Arvind, Vardhman Industry, Jindal Stainless and SV Global Mill
On the other hand, 23 stocks -- Avenue Supermarkets, GBL Industries, Leading Leasing Fin, Usher Agro and Federal-Mogul Goetze -- traded in
Stocks above their 200-DMAsHotel Leela, HCL Tech, Interglobe Aviation, Powergrid and Mahamaya Steel witnessed positive breakouts and traded
above their 200-DMAs on Tuesday
Edelweiss EQ30, Excel Crop Care, EIH Assoc Hotel and Zodiac JRD-MKJ were among the stocks that traded below their 200 DMAs.
Sensex movers
shakersSun Pharma was the biggest gainer in the 30-share index, rising nearly 3 per cent, while other stocks that ended in the green
included Powergrid, MM, Vedant, Asian Paints and LT
ICICI Bank was the top contributor while Infosys was the biggest drag
Nifty forms Bullish candleAfter opening at 10,848, Nifty settled at 10,908 for the day
After a gap-down opening following subdued global cues, the index scaled an intraday low and high of 10,819 and 10,915, respectively
During the process, it formed a bullish candle on the daily chart, said Arun Kumar, Market Strategist, Reliance Securities
