INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Risk appetite of investors went up by a few notches on Tuesday who appear to be super bullish in the run-up to the general
FPIs' renewed buying, strong overseas cues, rupee's strength against the dollar, and improved prospects of a stable Narendra Modi-led
government after the elections made sure the bulls stuck to the script.
The Sensex surged 530 points during the day, but settled at 37,536,
up 482 points, or 1.30 per cent
NSE's Nifty closed at 11,301, with a gain of 133 points, or 1.19 per cent.
Midcaps and smallcaps played ball as the BSE Midcap and
Smallcap indices closed 0.65 per cent and 1.07 per cent up, respectively.
We run you through the market highlights of Tuesday
Investors richer by Rs 1.23 lakh croreTuesday's rally created Rs 1.23 lakh crore for BSE investors as the total market capitalisation of
BSE firms jumped to Rs 1,48,17,502.49 crore, from Rs 1,46,93,581.01 crore on Monday
In the last two straight sessions, investors have earned Rs 3.49 lakh crore.
Nifty Bank hits recordThe Nifty Bank index closed at a record
high of 28,443.70, jumping 477 points or 1.71 per cent
Out of 12 components of the index, five logged gains and 7 declined
ICICI Bank (3.42 per cent), IndusInd Bank (3.24 per cent), HDFC Bank (1.86 per cent), Axis Bank (1.10 per cent) and Kotak Mahindra Bank (1
per cent) settled with gains
However, RBL Bank (down 1.46 per cent), Federal Bank (down 1.26 per cent), Punjab National Bank (down 0.87 per cent), Bank of Baroda (down
0.86 per cent), IDFC First Bank (down 0.60 per cent), YES Bank (down 0.51 per cent) and State Bank of India (down 0.02 per cent) were top
254 stocks hit upper circuitsAs many as 254 stocks, including Kwality, Bhartiya International, Asian Star, IG Petrochemicals, Mangalam
Drugs Organics and ESS DEE Aluminium, hit their upper circuits on the BSE today
Punj Lloyd, Soma Textiles Industries, Kaushalya Infrastructure, Cyber Media and Nu Tek India were among the 170 stocks that hit their lower
HDFC Life OFS a big drawThe two-day offer for sale (OFS) by HDFC Life Insurance Company saw a strong response from non-retail investors on
Tuesday as the issue was subscribed 1,83 times on Day 1
The issue received institutional bids for 16.4 crore shares against the non-retail quota of 8.95 crore
Airtel jumps 5%Bharti Airtel shares jumped 5.12 per cent to close at Rs 350.80 after Bharti Infratel said Airtel was to sell some of its
Bharti Airtel will pare its stake in the telecom tower company by more than half to 18.3 per cent
Shares of Bharti Infratel slipped 0.72 per cent to close at Rs 317.05.
ICICI Bank gains tractionShares of ICICI Bank closed 3.27 per cent up
at Rs 388.20, clocking healthy gains for the second consecutive session
Several brokerages appear confident about the prospects of the bank
Reliance Securities has a 'Buy' call on the stock with a target of Rs 470
JM Financial has a buy call too with a target price of Rs 430
Aurobindo Pharma in a sweet spotShares of Aurobindo Pharma closed 3.19 per cent higher at Rs 772.65 on reports that the pharma major had
received Establishment Inspection report (EIR) for Unit-4 facility in which the USFDA has closed issued Form 483
The USFDA had inspected the Unit-4 facility in December and had issued Form 483
Fresh tranche of CPSE ETF coming The government is considering a fresh tranche of CPSE ETF to raise Rs 4,000-5,000 crore this month,
according to a report by ETNow citing sources
However, there is no final call on the fresh tranche
Last month, as much as Rs 10,000 crore came in from Bharat-22 ETF and, another Rs 5,379 crore from the sale of Specified Undertaking of Unit
Trust of India (SUUTI) stake in Axis Bank
55 stocks signal riseMomentum indicator moving average convergence divergence, or MACD, showed bullish crossovers on 55 counters on the
BSE, indicating that these counters may witness a rise in coming sessions
Among them were Bharti Airtel, GTPL Hathway, Titan Company, Biocon, Dabur India, Asian Paints and Future Lifestyle
On the other hand, 21 stocks, including Power Finance Corporation, Dhampur Sugar, Atul and Medinova Diagnostic Services, showed bearish
crossovers.
IT pack lone sectoral loserThe IT index closed 0.22 per cent lower at 14,989.88, emerging as the lone sectoral loser on the BSE
Infosys, Tech Mahindra, Tata Consultancy Services, Mindtree and Larsen Toubro Infotech were the top drag on the index, in that order
