INSUBCONTINENT EXCLUSIVE:
The stock bulls fought hard and did not let go of control button during week gone by as barometers Sensex and Nifty rose over 1 per cent
The start was not on a positive note though, reflecting jitters that came with factory production numbers
Industrial output growth slipped to a 17-month low of 0.5 per cent in November 2018
From there on, market participants did not look back as retail inflation eased for third straight month
CPI print for December read an 18-month low of 2.19 per cent as against 2.33 per cent in November and 5.21 per cent in December 2017
Trade deficit brought more cheer, which narrowed to 10-month low of $13.08 billion in December as against $14.20 billion a year earlier
Buying in select heavyweights further kept mood upbeat for week to January 18.
The 30-share Sensex gained 376.80 points, or 1.05 per cent,
to 36,386.60 during week, while NSE 50-share Nifty added 112 points, or 1.04 per cent, to 10,907.
Going into next week, economic data from
China and US, corporate earnings, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional
investors (DIIs) would steer trend.
The market will also hang on to guidance and management commentary of companies reporting their Q3
results.
So, what all stocks and sectors that made news during week Let's get in
Reliance IndustriesOil-to-telecom giant Reliance Industries (RIL) became first Indian private company to post a quarterly profit of more
The company on Thursday posted an 8.8 per cent increase in its consolidated net profit to Rs 10,251 crore for quarter ended December 2018
compared to Rs 9,420 crore in same quarter last year
With a rally of 7.89 per cent, Reliance Industries was top gainer in Nifty pack during week gone by
The scrip jumped to Rs 1,184.90 on January 18, from Rs 1,098.10 on January 11.
Sun Pharmaceutical IndustriesShare price of pharmaceutical
player tanked 12 per cent during week amid reports of fresh allegations by a whistleblower against company
However, drugmaker on Friday approached Sebi to look into issues of certain entities and individuals allegedly adopting unfair trade
practices prejudicial to company's shareholders.
Jet AirwaysShares of aviation player rallied 11 per cent to Rs 281.40, from Rs 253.50,
The scrip was in news throughout as Chairman Naresh Goyal offered to invest up to Rs 700 crore in airline as well as pledge all his shares
on condition that his stake does not fall below 25 per cent
The offer was in response to strategic partner Etihad reportedly setting strict conditions, including a demand that Goyal should give up
control, for infusing funds into crisis-hit carrier
The airline on Wednesday said it has been working on various cost cutting measures, debt reduction and funding options
InfosysThe IT major rallied nearly 7 per cent last week after company approved share buyback and raised its revenue growth forecast
The company on January 11 reported a 30 per cent fall in December quarter net profit on higher expenses even as it approved Rs 8,260-crore
share buyback -- second in less than 13 months
Net profit dropped to Rs 3,610 crore in October-December 2018 from Rs 5,129 crore in same period a year ago.
Stocks that rallied up to 17%On
BSE 500, shares of KRBL rallied 17 per cent to Rs 381.30, from Rs 325.60, during week in question
It was followed by Lux Industries (16 per cent), ITI (13.36 per cent), Jet Airways (11 per cent), Coffee Day Enterprises (up 10.47 per cent)
On other hand, Line India, Sun Pharma Advanced Research Company, ICICI Securities, Dish TV and Welspun Corp came off by 12-23 per
cent.
@fresh 52-week highsApollo Hospitals, Wipro, Axis Bank, Muthoot Finance, Info Edge, Aarti Industries, Torrent Pharma, PVR, Godfrey
Phillips, Bata India, Aditya Birla Fashion and Linde India hit their fresh 52-week highs on BSE 500 index.
@fresh 52-week lows
As many as 21
stocks of BSE 500 plumbed their fresh 52-week lows during week
The list includes stocks such as KPR Mill, Tata Steel, Sheela Foam, Force Motors, Lux Industries, Deepak Fertilisers, Sun Pharmaceutical,
Cyient, Lakshmi Machine Works, Ashok Leyland and Nilkamal.
Sectoral updateThe BSE IT index led upside, with a gain of 4.43 per cent, during
past five trading sessions, followed by Teck (up 3.09 per cent), Oil Gas (up 2.97 per cent), Realty (up 0.75 per cent) and Consumer
Durables (up 0.13 per cent)
Telecom, Capital Goods, Healthcare and Power declined more than 1 per cent.
Bonus to shareholdersSoftware exporter Wipro on Friday reported
31.8 per cent year-on-year rise in consolidated net profit at Rs 2,544.5 crore for October-December and announced a 1:3 bonus share offer
Avenue SupermartsShares of D-Mart owner Avenue Supermarts fell 12 per cent during week after its December 2018 quarter earnings failed to
The scrip slipped 11.04 per cent to close at Rs 1,395.75 on BSE on January 14
Avenue Supermarts on January 12 posted 2.1 per cent rise in its net profit at Rs 257 crore for December 2018 quarter
It had reported a net profit of Rs 252 crore in same quarter a year before
According to JM Financial, Q3 FY19 turned out to be another disappointing quarter for DMart
The scrip slipped to Rs 1,380.70 on January 18, from Rs 1569 on January 11.
