INSUBCONTINENT EXCLUSIVE:
cut on Monday as investors sold across sectors, barring oil gas, amid concerns over a global economic slowdown
The domestic market danced on the tunes of its global peers that lurched lower after recession fears resurfaced in the US, while lingering
concerns over slowing economic growth remained an overhang.
In sync with most emerging markets, Sensex and Nifty slipped 356 points and 103
Midcap and smallcap indices on BSE fell over 1 per cent
13 per cent after principal promoters Naresh Goyal and his wife Anita Goyal stepped down from the company's board
In a BSE filing, the company said the Goyals and one Etihad nominee have quit the Jet Airways board and Goyal will now cease to be the
Lenders will infuse nearly Rs 1,500 crore into the company via debt instrument against security of its assets
Shares of the airline settled 12.69 per cent higher at Rs 254
Tata Motors extends losing streakExtending its losing streak into the third consecutive session, shares of Tata Motors settled 2.31 per
In the last three sessions, the stock has come down by 6 per cent
Meanwhile, the auto major plans a price increase for its passenger vehicles range by up to Rs 25,000 starting April 2019.
Sun Pharma falls
2% Shares of Sun Pharma declined 1.91 per cent to close at Rs 464 after it said that the USFDA issued a Form 483, with one observation for
its Baska facility in Gujarat
Oil gas stocks gainShares of most oil marketing companies (OMCs) logged gains after crude oil prices eased on concerns that economic
slowdown will hit global oil consumption
Shares of IndianOil jumped 4.72 per cent, whereas those of ONGC logged a gain of 3.90 per cent
The BSE Oil Gas index settled 1.40 per cent higher.
306 stocks ready to fallMomentum indicator moving average convergence divergence, or
MACD, showed bearish crossovers on 306 counters on BSE
Among them were Vodafone Idea, YES Bank, Ashok Leyland, Jain Irrigation, Adani Enterprises, United Spirits and Exide Industries
On the other hand, Jet Airways, Power Finance Corporation, Zenith Fibres, CIAN Agro Industries and Gillette India were among 25 stocks that
showed bearish crossovers
67 stocks enter oversold zoneMomentum oscillator Relative Strength Index, or RSI, showed 67 stocks in the oversold zone on BSE
On Monday, shares of Arnold Holdings, Anupam Finserv, Umiya Tubes, Monnet Ispat, JJ Finance and Global Infratech entered oversold territory,
while 41 stocks including those of Iris Mediaworks, Adhunik Metaliks, Sunteck Realty, Diamond Power, Allsec Technologies and Raghuvansh
Agrofarms entered overbought zone.
276 stocks hit lower circuitsReliance Naval and Engineering, Reliance Communications, Pioneer
Distilleries, Uttam Galva Steels, Mohota Industries, Zee Media Corporation and Jindal Photo were among the 276 stocks that hit lower
On the other hand, Arvind Fashions, BSEL Infrastructure Realty, JMT Auto, Cubex Tubings and SAB Events Governance Now Media were among the
119 stocks that hit upper circuits
Rs 1.20 lakh cr gone in a day!Monday's selloff caused investors a cumulative loss of Rs 1.20 lakh crore as the overall market
capitalisation of BSE-listed firms plunged to Rs 1,47,01,720 crore from Rs 1,48,22,225 crore on Friday.
