INSUBCONTINENT EXCLUSIVE:
NEW DELHI: A 25 basis points rate cut by the Reserve Bank of India failed to li ft the gloom that has set in on Dalal Street following
further weighed on sentiment
What disappointed the market slightly was the status quo on policy stance
The market was expecting it to be changed to accommodative from neutral," said Pankaj Pandey, Head of Research at ICICI Securities.
Rupee's
plunge against the dollar also spooked investors
Around 4 pm, the domestic unit traded 62 paise down at 69.05 to the US dollar.
Weak global cues offered no hope
Most Asian and European markets suffered losses as investors took money off the table amid fresh concerns over US-China trade talks.
Equity
initial public offering (IPO) was subscribed 21 per cent till 4 pm on the second day of the issue
The issue saw bids for 16,41,588 shares against the total issue size of 76,61,802 units, data available with NSE showed
Investors lose Rs 1.46 lakh cr in 2 daysLosses over two consecutive days made equity investors poorer by Rs 1.46 lakh crore as the total
market capitalisation of BSE-listed companies declined to Rs 1,51,04,506 crore at the end of Thursday from Rs 1,52,50,598 crore on Tuesday
On Thursday alone, investors lost around Rs 58,000 crore.
Jet shares jump over 3%Shares of Jet Airways closed 3.52 per cent higher at Rs
259.95, breaking the losing streak of five consecutive sessions
Indiabulls Housing shares jump 3% Shares of Indiabulls Housing Finance closed 3.29 per cent higher at Rs 898.35 after it announced plans to
raise more funds this financial year
The company on Wednesday said it had raised Rs 17,300 crore in March quarter of 2018-19 and plans to borrow Rs 26,000 crore this financial
year.
YES Bank shares down 2%Shares of YES Bank closed 2.05 per cent down at Rs 268.15 amid buzz that it was planning to sell shares to
An ETNOW report said the lender was aiming to raise about Rs 3,000 crore from a share sale
Wipro falls on losing SAP project Shares of IT major Wipro declined 0.98 per cent to Rs 258.95 after losing a SAP maintenance project from
the sports shoe and apparel maker Nike
The company lost the project after a delay in the implementation of the business software for Nike.
113 stocks signal potential fallMomentum
indicator moving average convergence divergence, or MACD, showed bearish crossovers on 113 counters on BSE, indicating that these stocks may
see downward movement in the coming sessions
Among them were Reliance Industries, IDFC First Bank, Reliance Capital, DLF, LT Finance Holdings and JSW Steel
On the other hand, 67 stocks, including Jaiprakash Associates, Biocon, UltraTech Cement, Hero MotoCorp and Simbhaoli Sugars witnessed
Oversold overbought stocksMomentum oscillator Relative Strength Index, or RSI, showed that 42 stocks, including Indian Acrylics, Yuken
India, Colorchips New Media, Vanta Bioscience and Geetanjali Credit entered the overbought zone on BSE
Vodafone Idea, Bio Green Papers, Oscar Investment, Globe Commercials and Cybele Industries were among the 35 stocks that entered the
oversold zone.
United Bank, Ashoka Buildcon below 200-DMAsRana Sugars, Ashoka Buildcon, Kolte-Patil, Weizmann Forex, United Bank and Indian
Hume Pipe Company were among the stocks that witnessed negative breakouts and traded below their 200-DMAs
On the other hand, Pilani Investment, Ansal Housing, Shriram Transport Finance Corporation, Cigniti Technologies, Poddar Housing and
Development and Lakshmi Vilas Bank were among the stocks that traded above their 200-DMAs
