INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Equity barometer Sensex extended its losing streak into the fourth consecutive session on Tuesday, shrugging off the rally in
global stocks, as banking, financial, auto, IT and FMCG heavyweights suffered losses.
Globally, shares and bonds saw a renewed surge in risk
appetite on Tuesday, as investors showed optimism about US-China trade talks and cheered Washington's deal to avoid another government
shutdown, Reuters reported
Local investors kept their powder dry, awaiting IIP and retail inflation prints due later in the day
Moreover, they avoided fresh bets on Indian equities in the runup to general elections, while muted third quarter earnings have failed to
boost the risk appetite.
Sensex suffered a loss of 241 points, or 0.66 per cent, to close the day at 36,153, while Nifty lost 57 points, or
0.53 per cent, to finish at 10,831.
The BSE Midcap index closed with a nominal loss of 9 points, or 0.06 per cent, at 14,108, while the BSE
Smallcap index ended 58 points, or 0.43 per cent, lower at 13,392.
Let's take a look at highlights of Tuesday's session:Axis Bank OFS
subscribed 2.56 timesThe offer for sale (OFS) of Axis Bank was subscribed 2.56 times on the first day of the issue on Tuesday
The issue received institutional bids for 11.69 crore shares against the total size of 4.56 crore shares, data available with NSE showed
The stock closed 1.04 per cent down at Rs 703.45 on NSE and 0.63 per cent down at Rs 705.85 on BSE
Eicher Motors climbs 2%Shares of Eicher Motors closed 1.73 per cent higher at Rs 21,032 on BSE despite flattish earnings for December
quarter as most global brokerages retained their bullish view on the stock
The foreign brokerage said the structural demand drivers remained intact
HEG surges 9% post Q3Shares of HEG surged 8.68 per cent to close at Rs 2,402 after its December quarter profit jumped more than two-fold to
Rs 866.83 crore from Rs 342.11 crore in the corresponding quarter a year ago
Hindalco's Q3 numbers fail to impressShares of Hindalco Industries closed 0.38 per cent down at Rs 198.60 on BSE after the company
reported a 47 per cent YoY rise in consolidated December quarter profit at Rs 713 crore
The numbers included results for Utkal Alumina
Hotel Leelaventure jumps 5%Shares of Hotel Leelaventure closed 4.53 per cent higher at Rs 13.60 on BSE, rising for the second session in a
row, buoyed by news of a buyout by Brookfield
An ET report suggested Brookfield Asset Management has finalised the terms and conditions to acquire Hotel Leelaventure with lender JM
Financial for around Rs 4,500 crore.
NCC surges 6% on Q3 numbersShares of NCC closed 5.76 per cent up at Rs 83.55 after the company said its
December quarter profit jumped 70 per cent to Rs 166 crore from Rs 97.37 crore in a year-ago period.
Reliance Home Finance plunges post
Q3Shares of Reliance Home Finance suffered a loss of 8.13 per cent to close at Rs 24.30 even as the company posted a 37.5 increase in profit
after tax at Rs 55 crore for the three months ended December 31, 2018.
Sun Pharma, Coal India jump 2% ahead of Q3 numbersShares of Sun
Pharma closed 2 per cent up at Rs 436.75, while those of Coal India settled 1.92 per cent higher at Rs 222.95 on BSE ahead of their December
SBI, Britannia below 200-DMAsState Bank of India (SBI), Jubilant Foodworks, Jubilant Life Sciences, Britannia Industries and Bank of
Maharashtra were among the stocks that witnessed negative breakouts and slipped below their 200-DMAs
Meanwhile, Bajaj Finserv, Berger Paints, Ipca Labs, Sonata Software and Suven Life Sciences were among the stocks that witnessed positive
breakouts and traded above their 200-DMAs.
395 stocks hit 52-week lowsAs many as 395 stocks, including Andhra Bank, India Cements, Indian
Bank, Tata Chemicals, Tamil Nadu Newsprint Papers, Vijaya Bank and Uflex hit 52-week lows on BSE
Meanwhile, AAVAS Financiers, Aar Shyam India Investment Company, G G Engineering, Kratos Energy Infrastructure and Mishtann Foods were
among the 35 stocks that hit 52-week highs, defying the bearish mood of the market
244 stocks hit lower circuitsZenith Exports, Spencers Retail, Mandhana Industries, Palash Securities, SMS Lifesciences India and GPT
Infraprojects were among the 247 stocks that hit lower circuit limits on BSE
On the other hand, Shankara Building Products, Kwality, Pioneer Distilleries, Prabhat Dairy and JBF Industries were among 122 stocks that
78 stocks show potential fallMomentum indicator moving average convergence divergence, or MACD, showed bearish crossovers on 78 counters on
Among them were Infosys, Hindalco Industries, Reliance Industries, ONGC, Dr Reddy's Labs, ACC and United Spirits
On the other hand, NCC, JSW Steel, CanFin Homes, HEG, Balkrishna Industries and Dwarikesh Sugar were among the 70 stocks that showed bullish
