INSUBCONTINENT EXCLUSIVE:
extending gains into the fourth consecutive session
While hopes of a rate cut by RBI seem to have played helped yet again, risk appetite grew in the light of positive global
sentiment.
Positive manufacturing data from US and Chinese brought relief to investors, significantly allaying worries of economic slowdown
Gains in shares of select heavyweights, including HDFC, TCS, Tata Motors and Bharti Airtel, helped flagship Sensex mark its record closing
high at 39,056.
Here is a wrapup of the movers and shakers of the day.TaMo shares surge 8%Shares of Tata Motors closed 8.36 per cent higher
at Rs 202.80, extending the gains into the fourth successive session
The stock got traction on expectation of a financially better fourth quarter for its British luxury car unit Jaguar Land Rover (JLR)
Meanwhile, the company said sales grew 16 per cent to 6,78,486 units during the financial year against 5,86,507 in 2017-18
The company's March sales, however, declined 1 per cent.
SBI gains 2% on MS upgradeShares of State Bank of India (SBI) gained 1.78 per
price to Rs 425 from Rs 375
Lupin shares gain on EIRShares of drug major Lupin logged gains of 1.40 per cent to close at Rs 776.85 after it received the receipt of the
Establishment Inspection Report (EIR) from the USFDA for its Pithampur facility in Madhya Pradesh
RVNL IPO subscribed 45% on Day 3The initial public offering (IPO) of Rail Vikas Nigam (RVNL) was subscribed 45 per cent on the third day of
According to data available on NSE website, the IPO received bids for 11,43,32,400 shares till 4:30 pm against the total issue size of
109 stocks look ready to riseMomentum indicator moving average convergence divergence, or MACD, showed bullish crossovers on 109 counters
on BSE, indicating potential rise in the coming sessions
Among them were Tata Motors, SAIL, BEL, Bharti Airtel, Tata Steel and Wipro
Meanwhile, NBCC (India), NCC, HPCL, Sun Pharma, Ambuja Cements and Indraprastha Gas were among 53 stocks that showed bearish crossovers.
