INSUBCONTINENT EXCLUSIVE:
But the broader market did not show that much excitement, with 240 scrips, including RBL Bank and LIC Housing Finance, hitting their 52-week
Woes continued to spill over for Indiabulls Housing Finance as Morgan Stanley downgraded its outlook for the company
However, the market pared gains towards close due to tepid outlook on second quarter earnings and expectation of a rise in CPI inflation
strong debut closing the session 129 per cent higher over issue price at Rs 733 on BSE
Over 54 lakh shares changed hands on BSE.
Ind-Ra downgrades Jain IrrigationJain Irrigation tanked over 7.2 per cent to Rs 13.55 after India
to emerge the biggest gainer in the Nifty pack
a decent performance in the Q2, shares of Infosys fell 3.5 per cent to Rs 786.30
The stock had surged over 4 per cent on Friday ahead of Q2 results
Credit Suisse, however, turned underweight with a price target of Rs 690
Woes haunt Indiabulls HousingShares of Indiabulls Housing plunged about 6 per cent to Rs 197.90 after Moody's downgraded the company's
rating to B2 from Ba2 with a negative outlook.
Telecom stocks continue dream runBharti Airtel and Vodafone Idea continued their dream run as
both stocks registered healthy gains
stocks climbed above their MACD signal line on the daily charts, signalling a bullish trend
They included Tata Motors, Rail Vikas Nigam, ONGC, NHPC Stride Pharma and HDFC, among others
MACD is one of the indicators to spot a shift in trend in a stock, but it is seldom used alone.
Most active stocksIRCTC emerged the most
active stock in terms of traded value on NSE
The total transacted value on the counter stood at Rs 3,136 crore
It was followed by Infosys, YES Bank, Tata Motors and Indiabulls Housing Finance
In terms of volume, the most traded securities were YES Bank, Bharat 22 ETF, Vodafone Idea, Tata Motors and IRCTC.
240 stocks hit 52-week
lowAs many as 250 stocks hit their 25-week lows on BSE
Top stocks among them were Indian Bank, LIC Housing Finance, PNB Housing Finance and RBL Bank
