INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Healthy buying in energy, FMCG and technology stocks helped domestic equity indices extend gains for the second consecutive
Firming trend in US markets and a dip in crude oil prices amid oversupply concerns boosted investor mood back home
However, a fall in the rupee against the dollar capped the gains
Sensex opened in the positive terrain and stayed in the green throughout the day, before settling 157 points, or 0.44 per cent, higher at
Midcaps and smallcaps rose in line with the Sensex, and BSE Midcap and Smallcap indices finished 0.32 per cent and 0.31 per cent higher,
conglomerate HDFC group, with five listed entities (including Gruh Finance) on BSE, temporarily outpaced the Tata group companies in terms
of market capitalisation on Thursday
Tata Consultancy Services, with a m-cap of over Rs 7 lakh crore, remained the most valued single entity on BSE
IT, FMCG energy stocks boost SensexReliance Industries, Infosys, ITC, TCS and HUL emerged as top five contributors to the rally in the
Sensex kitty, in that order
NTPC, ONGC, Power Grid and HCL Tech, featured among the top gainers of the pack
Some auto and bank counters, including Hero MotoCorp, Tata Motors, Maruti, SBI, HDFC Bank and YES Bank emerged as the top drags on the
In the 31-share pack (including Tata Motors DVR), 18 ended in the green and 13 in the red
BSE Energy top sectoral gainerThe BSE Energy pack, with a 1.54 per cent gain, led the pack of sectoral gainers
RIL, ONGC, Coal India and HPCL were the other top gainers in that basket
Selan Exploration surges 11%Shares of oil exploration production firm Selan Exploration Technology surged 10.56 per cent to settle at Rs
192.15 on BSE after the company's board approved a share buyback at a price not exceeding Rs 300 per share
Max India jumps 4%Shares of Max India settled 3.79 per cent higher at Rs 83.55 after it said it would organise a conference call on Friday,
January 4, for investors and analysts to discuss Radiant Life Care and KKR acquisition of majority stake in Max Healthcare through merger
Infosys climbs 2%Shares of Infosys climbed 1.98 per cent to close at Rs 657.35 on BSE after the IT firm, in a regulatory filing clarified
the news about its share buyback plan
The company said its board has set aside Rs 13,000 crore to be paid to shareholders in the following manner: 1
A special dividend of Rs 10 per share resulting in a payout of approximately Rs 2,600 crore in June 2018; and 2
an amount of up to approximately Rs 10,400 crore to be paid out to shareholders for financial year 2019, in such a manner, to be decided by
the board, subject to applicable laws and requisite approvals, if any
Suven Life Sciences climbs 2%Shares of Suven Life Sciences gained 1.94 per cent after the company said it had secured two product patents
PFC gains after board approves REC stake buyShares of Power Finance Corporation climbed 0.85 per cent after its board gave approval for the
buying of the government's entire 52.63 per cent stake in REC
In a BSE filing, the company said the Government of India intends to conclude the transaction by the end of this financial year and PFC had
Moreover, the funding of transaction is likely to happen through internal sources and/or debt raising and no decision has been taken by PFC
on the potential merger of REC with PFC after the acquisition
Cimmco plunges 9%Shares of Cimmco plunged 9.15 per cent to Rs 38.70 after promoters Titagarh Wagons kicked off a two-day offer-for-sale
The promoters intend to sell 5.64 per cent, or 15,43,090 shares, of the company through he OFS
Only non-retail investors bade for the issue on Thursday, and retail investors will put in bids on Friday
Sun Pharma loses steamThe stock climbed over 2 per cent after DUSA Pharmaceuticals, an arm of the Mumbai-based drug maker, received a
relief from a US court in a patent infringement case
But it retreated later in the day to settle 0.41 per cent down at Rs 412.30 on BSE.
Bearish signal on 99 countersAs many as 99 counters,
including DLF, Indian Oil Corporation, GSFC, Vivimed Labs, Grasim Industries and JK Cement, showed bearish crossovers on the momentum
indicator moving average convergence divergence, or MACD, charts on BSE
Meanwhile, 57 stocks including VMS Industries, Shish Industries, Astral Poly Technik, Jindal Drilling and Karda Constructions witnessed
Infosys, ITC trade above 200-DMAsInfosys, Tata Power, ITC, Gruh Finance, HEG, United Spirits, NIIT Tech and Ajanta Pharma witnessed
positive breakouts and traded above their 200-DMAs while Titan, Welspun Corp, Future Retail and Ambuja Cements were among the stocks that
traded below their 200-DMAs
Most traded stocks on NSEReliance Communications (number of shares traded: 6.91 crore), JP Associates (5.97 crore), Indian Oil Corporation
(4.67 crore), ONGC (4.44 crore), YES Bank (4.43 crore), SAIL (3.81 crore), REC (3.47 crore) and PFC (2.81 crore) were the most traded stocks
in volume terms and RIL (Rs 1,397.15 crore), Infosys (Rs 1,009.20 crore), Ibull Housing Fin (Rs 967.55 crore), TCS (Rs 954.11 crore), YES
Bank (Rs 798.40 crore), Axis Bank (Rs 763.28 crore), ONGC (Rs 662.34 crore), GAIL (Rs 650.65 crore) and Coal India (Rs 647.58 crore) were
most active in value terms
