INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Logging its biggest weekly fall since October 2018, equity benchmark Sensex extended its losing streak into the seventh session
and ended the week 1,166 points, or 3.15 per cent, lower
Domestic stocks tanked on Friday amid fresh concerns over global economic slowdown after China's producer prices data for January showed
a downward trend for the seventh successive month and the US retail sales recorded its biggest drop since 2009
Weakness in the rupee following a surge in global crude oil prices further dampened the mood
Uninspiring December quarter earnings, anxiety over political uncertainty in the run-up to the general elections and scepticism around the
health of NBFCs and PSU banks have made investors stay away from the market
Every rise in the market is meeting with a fresh spell of profit booking
After falling some 365 points earlier in the day, Sensex pared much of the losses on support from shares of NTPC (up 4.13 per cent),
Reliance Industries (up 1.47 per cent) and Larsen Toubro (up 1.31 per cent) and closed the day 67 points, or 0.19 per cent, down at 35,808
Nifty finished 22 points, or 0.20 per cent, lower at 10,724
Midcaps and smallcaps suffered more, as their sectoral indices on BSE fell up to 1.18 per cent
Let's take a look at the highlights of Friday's session: Jet Airways settles 3% higherShares of Jet Airways (India) ended the day 2.99
per cent higher at Rs 232 on BSE after the company's board on Thursday approved a bank-led resolution plan (BLRP), entailing conversion of
Separately, a report said the company was planning to raise about Rs 6,000 crore from a government fund and through a rights issue
GMR Infra posts loss, but stock upGMR Infrastructure reported Rs 561.04 crore loss in December quarter earnings against Rs 578.40 crore
loss posted for the same quarter in FY18
The company attributed the loss to subdued show by its energy and highway verticals and lower credit ratings for some of its borrowings
Shares of the company closed 0.68 per cent higher at Rs 14.85
ONGC gains on Q3 earningsShares of ONGC climbed 2.27 per cent to end the session at Rs 135.10 after the company posted 64.77 per cent
year-on-year rise in December quarter profit at Rs 8,262 crore in post-market hours on Thursday
Revenue of the company increased by 20.43 per cent YoY to Rs 27,694.09 crore in Q3FY19
Dr Reddy's pares lossesAfter plunging 30 per cent on NSE, shares of Dr Reddy's Laboratories pared much losses to close 4.17 per cent
On the BSE, the stock closed 4.21 per cent down at Rs 2,556.90
A Reuters report said the company was issued Form 483 by USFDA on February 8, which notifies a company's management of objectionable
Alembic Pharma climbs 1% Shares of Alembic Pharmaceuticals settled with a gain of 1.09 per cent at Rs 541 apiece after it received approval
from the US health regulator, USFDA, for Moxifloxacin Ophthalmic Solution, used for the treatment of bacterial conjunctivitis caused by
susceptible strains of certain organisms
Sugar stocks get sweeterA day after the government hiked the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31 to help millers
clear farmers' dues, some sugar stocks climbed
Piccadilly Sugar and Allied Industries rose 10 per cent, Dhampure Speciality Sugars gained 4.93 per cent, Rajshree Sugars Chemicals 4.72
per cent, Parvati Sweetners and Power 4.65 per cent and Gayatri Sugars 4.59 per cent
Metals, healthcare stocks bleedBSE Metal and Healthcare indices lost 2.32 per cent and 2.27 per cent, respectively, finishing as the top
losers among the sectoral indices
On the other hand, BSE Utilities index jumped 2.63 per cent to emerge as top gainer among the sectoral indices, followed by BSE Power Index
400 stocks hit 52-week lowsAs many as 385 stocks, including Hindalco Industries, Grasim Industries, Bharat Forge, Arvind, Mahindra
Mahindra, Tata Chemicals and Vedanta, hit 52-week lows on BSE
On the other hand, Apoorva Leasing Finance and Investment Company, Balrampur Chini Mills, Kratos Energy Infrastructure, Aditya Birla
Fashion and Retail and Phosphate Company were among the 27 stocks that touched 52-week highs on BSE
78 stocks signal fallMomentum indicator moving average convergence divergence, or MACD showed bearish crossovers on 78 counters on BSE,
signalling that these stocks may see a fall in the coming sessions
Among them were NMDC, Hindustan Unilever, Wipro, Bharat Forge, TVS Motor, Tata Elxsi and Cox Kings
On the other hand, Jain Irrigation, ITC, DHFL, Aditya Birla Capital, Kwality and Max Financial were among the 68 stocks that showed bullish
HDFC, OBC below 200-DMAsHDFC, Karnataka Bank, Jubilant Foodworks, Biocon, Oriental Bank of Commerce (OBC) and Abbott India were among the
stocks that traded below their 200-DMAs today
Meanwhile, Oberoi Realty, Arman Financial and Coffee Day Enterprises were among those stocks that traded above their 200-DMAS
