INSUBCONTINENT EXCLUSIVE:
Domestic equity markets witnessed severe selling pressure during the past five trading sessions amid escalating trade tensions between China
As a result, BSE Sensex tumbled 1,500 points, or 3.85 per cent to 37,463 for the week ended May 10
Likewise, NSE Nifty declined 433 points, or 3.70 per cent to 11,278.90.
President Donald Trump earlier in the week shocked global markets by
threatening to more than double the tariffs on $200 billion worth of Chinese exports to 25 per cent from current 10 per cent.
Yogesh Mehta,
For the coming week, markets will take cues from the development of US-China trade war as well as earnings, Nifty has supports at
Stocks that rallied up to 26%As many as six stocks on the BSE500 index managed to deliver over 10 per cent returns to investors during the
The list includes Reliance Communications (up 26 per cent), PC Jeweller (16 per cent), PNB Housing Finance (12 per cent), Jet Airways (12
per cent), Edelweiss Financial Services (up 11 per cent) and Welspun Corp (10 per cent)
Stocks that crackedAs many as 416 stocks in the BSE 500 index ended in the deep red during the last five trading sessions
Eveready Industries dipped 20 per cent, followed by Dewan Housing Fianance (18 per cent), Navkar Corporation (15 per cent), Indiabulls Real
Estate (14 per cent) and Reliance Capital (14 per cent)
Vodafone Idea, Jyothy Labs, eClerx Services, The South Indian Bank, Delta Corp, Heritage Foods, Tata Motors, Reliance Industries and
Indiabulls Ventures stood among other firms that went down over 10 per cent during the week
New listingShares of Neogen Chemicals made a robust debut on the bourses on Wednesday, soaring nearly 23 per cent at the close of trade
over the issue price of Rs 215 per share
The scrip was at Rs 261.95 on Friday.
Stocks @fresh all-time high/lowsIn the BSE 500 index, only two stocks PVR and DCB Bank hit their fresh
However, Reliance Infra, Aster DM Healthcare, Vodafone Idea, Navkar Corporation and Thyrocare Technologies touched new lows.
Sectoral
updateSector-wise, BSE Metal index tumbled the most, down 7 per cent, for the week ended May 10
It was followed by Power (down 4.89 per cent), Realty (down 4.78 per cent), Oil Gas (down 4.54 per cent) and Telecom (down 3.57 per cent)
Rest other sectoral indices too ended the week in the red.
Tata SteelWith a fall of 11.14 per cent, Tata Steel stood among the top losers in
hurdles in Europe.
Zee EntertainmentShares of Zee Entertainment declined nearly 10 per cent amid concerns over stake sale by its promoters
and the audit of financial statements
reclaimed the status of the country's most valued firm by market valuation, surpassing Reliance Industries Ltd (RIL)
Shares of oil-to-telecom behemoth RIL declined 11.19 per cent to Rs 1,251.20 on May 10 from Rs 1,408.90 on May 3
TCS, however, ended the week at Rs 2,135.80, up 0.18 per cent against Rs 2,132 on May 3.
Tata MotorsThe auto major emerged as top loser in
the Nifty50 pack last week
Share price of the company declined 11.24 per cent to Rs 185.90 from Rs 209.50 on May 3
Tata Motors-owned Jaguar Land Rover (JLR) reported 13.3 per cent decline in total retail sales at 39,185 units in April
The company on Thursday also denied reports that said it is in the process of selling its British arm JLR to French automotive major PSA