INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Healthy buying in late afternoon trade fuelled by a stronger rupee helped domestic equities finish in the green zone on Tuesday
The market remained subdued for most part of the day, but started to build up gains, underpinned by improved global sentiment, while hopes
Q4FY19 results, which kick in this week
Positive global peers also aided market mood," said Vinod Nair, Head of Research, Geojit Financial Services
Benchmarks Sensex and Nifty gained 0.62 per cent and 0.58 per cent, respectively
Let's take a quick look at key movers and shakers of Tuesday's session:FSL shares jump 6%Shares of Firstsource Solutions (FSL) extended
winning streak into the third successive session as they jumped 5.66 per cent to Rs 51.30
Billionaire investor Rakesh Jhunjhunwala increased his stake in the business process outsourcing services provider during the March quarter
from 2.89 per cent to 3.26 per cent.
Asian Paints shares fall 4%Shares of Asian Paints fell for the third successive session, closing 3.54
per cent down at Rs 1,443.50
In last three session, the stock has come off by 5 per cent
Global brokerage CLSA has downgraded the stock to 'Sell' from 'Outperform' while reducing the target price to Rs 1,400 from Rs 1,565
The brokerage has cut the EPS estimate by 2-5 per cent, led by revenue cuts
TechM logs nominal gainsTech Mahindra said it would acquire 18.1 per cent stake each in Infotek Software and Systems (ISS) and Vitaran
Electronics for a consideration of up to Rs 13 crore
However, news of the company's stake acquisition failed to cheer market as the stock closed with a nominal gain of 0.24 per cent at Rs
788.95 in an otherwise bullish market
JSW Steel settles in the greenAfter trading in the red for most part of the day, the scrip eventually managed to close 0.41 per cent up at
In a BSE filing on Tuesday, the company said its crude steel production declined 3 per cent to 4.17 million tonnes in March quarter from
4.31 million tonnes in the corresponding quarter in 2018.
Delta Corp shares decline 1%Shares of Delta Corp settled 0.82 per cent lower at Rs
261.55 after the company reported a 25 per cent jump in March quarter consolidated net profit
For the January-March period, the company's consolidated net profit stood at Rs 56.72 crore against Rs 45.26 crore in the corresponding
IndusInd Bank climbs 1%A day after the private lender revealed its plans of raising funds, shares of the company closed 0.94 per cent up at
On Monday, the company said in a BSE filing that it was planning to raise around Rs 2,700 crore through medium-term notes programme.
ITI
jumps 5%Shares of ITI closed 5.46 per cent up at Rs 103.25 after it said its annual turnover jumped 20 per cent to Rs 2,051.59 crore in the
financial year 2019 from Rs 1,703 crore in the previous year.
Polycab IPO subscribed 52 times on Day 3Polycab India's Rs 1,345 crore
initial public offering (IPO) received bids for over 51.71 times the issue size on Day 3 of the bidding process on Tuesday
By 4:45 pm, the issue received bids for 91,19,62,152 shares against the total issue size of 1,76,37,777, data available with NSE showed
100 stocks signal potential fallMomentum indicator moving average convergence divergence, or MACD, showed bearish crossovers on 100
counters on BSE, signalling potential fall for them in the coming sessions
Among the stocks that saw bullish crossovers were SBI, BHEL, Adani Enterprises, Syndicate Bank, Asian Paints, Usha Martin and Apollo Tyres
On the other hand, Indiabulls Real Estate, Orient Paper, Cipla, Hindustan Unilever, SBI Life Insurance and Prestige Estates Projects were
among the 66 stocks that showed bullish crossovers on BSE
