INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Falling for the third day in a row, equity barometer Sensex closed in the negative territory on Tuesday as banking, financials
and auto stocks proved to be the top drags.
Analysts said rising crude oil prices and a falling rupee were main reasons behind the fall
There was also caution amid the ongoing elections and fourth quarter earnings.
"Crude oil is creating havoc in the market
This move has mainly affected a few Asian countries, including India, which are major importers of Iranian oil and they will now have to
lower at 38,564 while Nifty settled 19 points, or 0.16 per cent, down at 11,575.
In the last three sessions, both the indices have come off
by nearly 2 per cent.
Here is a quick look on the key highlights of Tuesday's session:Lupin shares jump 4%Shares of drug maker Lupin got a
shot in arm after Morgan Stanley upgraded it to overweight from equal-weight and raised the target price by nearly 40 per cent to Rs 1,094
The scrip closed 3.94 per cent higher at Rs 864.30.
Capacite rises after two-day lossesBreaking their two-day losing run, shares of Capacite
Infraprojects closed with a tepid gain of 0.24 per cent at Rs 229.45 after it bagged two orders worth Rs 342.38 crore from private sector
clients for construction of commercial and residential buildings at Mumbai
HDFC Bank extends fallShares of the private lender fell for the third consecutive session, sliding 1 per cent on Tuesday to close at Rs
company reported better-than-expected fourth quarter earnings on Saturday.
RIL shares climb 1%Shares of heavyweight Reliance Industries
(RIL) closed 1.38 per cent higher, gaining on the buzz that the company was in active discussions with Tokyo-headquartered SoftBank for an
equity participation in its telecom business.
Essel Propack extends gainsRising for the second consecutive session, shares of Essel Propack
closed 0.64 per cent higher at Rs 133 after reports that Blackstone has agreed to buy 51 per cent of promoter stake in the company for Rs
The transaction will trigger a mandatory open offer for purchase of an additional 26 per cent stake
Jet shares zoom 10%Shares of Jet Airways surged 9.90 per cent to Rs 169.90, snapping the losing streak of last three sessions, during which
the stock came off 41 per cent
The stock has caught the attention of high-risk investors as a solution to the financial troubles of the company looks remote
"The stock has got into a zone where risk-reward has become favourable for high-risk investors," said Sameer Kalra, Founder, Target
RCap surges after 3-day slideAfter losing for three successive sessions, shares of Reliance Capital closed 6.13 per cent higher at Rs
Axis Trustee Services sold 51.81 lakh shares, or nearly 2 per cent of equity of Reliance Capital worth Rs 71 crore on Monday through bulk
deals, NSE data showed.
121 stocks signal potential fallMomentum indicator moving average convergence divergence, or MACD, showed bearish
crossovers on 121 counters on BSE, signalling that these stocks may fall in coming sessions
Among the stocks were Indiabulls Real Estate, JSW Steel, Biocon, NIIT, Adani Transmission and Bombay Burmah
On the other hand, ONGC, DCB Bank, Linde India and Vardhman Holdings were among the 30 stocks that showed bullish crossovers on BSE