INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Marking its longest losing streak since August 2013, domestic equity barometer Sensex fell for the eighth consecutive session on
Monday on unabated selling across sectors
Sensex has decline 4 per cent in last eight sessions
In a similar fall over eight sessions in July-August, the index had come down 5.60 per cent.
Most sectors fell prey to the selling spree and
all sectoral indices closed in the red on BSE, barring telecom and realty
The Sensex closed at 35,498, with a loss of 311 points, or 0.87 per cent
Only eight components ended the day in the green; 23 shed weight
Nifty finished 83 points, or 0.78 per cent, lower at 10,640
Among the 50 Nifty stocks, 13 rose and 37 declined
Midcaps and smallcaps lost more than the Sensex, as BSE Midcap and Smallcap indices closed 1.04 per cent and 1.01 per cent lower.
We walk
you through the highlights of Monday's session: YES Bank falls on RBI warningShares of YES Bank dropped 2.54 per cent to close at Rs
violation of the confidentiality clause
Dilip Buildcon jumps for 10th sessionShares of Dilip Buildcon closed 2.07 per cent higher at Rs 457.70 on BSE, extending its winning streak
into the 10th consecutive session
In last 10 sessions, the stock has risen 44 per cent
For December quarter, the company had reported a 25 per cent year-on-year (YoY) growth in its net profit at Rs 207 crore.
DHFL shares jump
5%Shares of Dewan Housing Finance Corporation (DHFL) settled 4.67 per cent higher at Rs 128.90 on BSE after reports emerged that private
equity firms Barings, Bain and Hero Fincorp were in talks to buy a 10 per cent stake in the company
R-ADAG shares shineShares of Reliance Power (up 11.27 per cent), Reliance Communications (up 10.91 per cent), Reliance Infrastructure (up
7.40 per cent), Reliance Naval and Engineering (up 5.15 per cent) and Reliance Capital (up 2.86 per cent) logged strong gains after the Anil
Ambani-led Reliance Group reached an understanding with 90 per cent of its lenders to avoid selling any pledged shares until September 30 on
account of lower collaterals or reduced margin due to the recent fall in share prices
Varun Beverages gains on acquisition buzzShares of Varun Beverages closed 1.24 per cent higher at Rs 774 after company Chairman Ravi Kant
Jaipuria told ETNow that the company was planning to acquire franchise rights for Pepsico products in south India, Maharashtra and Gujarat
The agreement will be for a national bottling, sales and distribution footprint in seven states and five Union Territories, subject to the
receipt of necessary statutory approvals
84 stocks look upwardMomentum indicator moving average convergence divergence, or MACD, showed bullish crossovers on 84 counters on BSE
Among them were Reliance Capital, NTPC, Delta Corp, JBF Industries, Cyient, SREI Infrastructure, Power Finance Corporation, Edelweiss
Financial Services and Indiabulls Housing Finance
Meanwhile, 73 stocks, including ITC, SJVN, JK Paper, Tata Consultancy Services, HDFC Bank, Titan Company and Divi's Labs, showed bearish
Overbought oversold stocksAs many as 141 stocks, including Unitech, Punj Lloyd, Dena Bank, Karur Vysya Bank, Andhra Bank and Tata
Chemicals entered the oversold zone on BSE as per the momentum oscillator Relative Strength Index, or RSI
On the other hand, Premier Pipes Tube, Virgo Global, Trescon and Colorchips New Media were among the 36 stocks that entered the overbought
zone on BSE.
Stocks above below 200 DMAsBayer CropScience, Varun Beverages, Jubilant Foodworks, DCM Shriram, HeidelbergCement India were
among the stocks that traded above 200-DMAs
On the other hand, Pidilite Industries, Apollo Hospitals Enterprises, Coffee Day Enterprises, Pokarna and Sonata Software were among the
stocks that slipped below their 200-DMAs.
466 stocks plumb 52-week lowsSome 466 stocks, including Mahindra Mahindra, Ashok Leyland, Arvind,
Andhra Bank, Bharat Forge, TVS Motor Company, Tata Elxsi and MRF, hit their 52-week lows on BSE, while 32 stocks, including Bata India, Ipca
Laboratories and Medico Intercontinental, touched their 52-week highs
Over 250 stocks hit lower circuitsKwality, SMS Lifesciences India, Atlas Jewellery India, Intrasoft Technologies and Darshan Orna were
among 253 stocks that hit lower circuits on BSE
Meanwhile, Shankara Building Products, ILFS Transportation Networks, Rolta India and JBF Industries were among 149 stocks that hit their
upper circuit limits.
Insider tradesPromoter group Tata Investment Corporation disposed 25,000 shares in two tranches in Tata Elxsi on
Promoter group Bajaj Auto acquired 1,11,109 shares in Bajaj Holdings Investment on February 15 through open market purchase.
