INSUBCONTINENT EXCLUSIVE:
Maruti Suzuki edged up on higher sales during the a festive month.
YES Bank dived 5 per cent ahead of its Q2 earnings scheduled for release
IndianOil, which disappointed the Street on Thursday, continued to fall.
The 30-share Sensex ended 36 points higher at 40,165, as it took
the winning streak into the sixth day
Its NSE counterpart Nifty ended 22 points higher at 11,899.
"Nifty closed the week at 11,899 with 2.3 per cent gain on a weekly basis and
formed a bullish candle on the weekly chart
Nifty has strong resistance near the 12,000 mark, which hinted at some profit booking around that level
Any decisive break above 12,000 can lead in a strong up-move," said Rohit Singre, Senior Technical Analyst at LKP Securities
continued its downward journey, falling 2.83 per cent to Rs 142.65
It reported a disappointing numbers for September quarter as profit tanked 83 per cent
per cent to Rs 4.30 after the company denied reports that Vodafone Group was planning to leave India.
YES Bank dives ahead of Q2 showYES
Bank that saw a spectacular rally on Thursday fell 5.46 per cent on Friday to Rs 66.60 ahead of its Q2 result
Brokerage Edelweiss Securities estimated a net loss of Rs 1,907.30 crore for Q2FY20 over Rs 964.70 crore profit reported for the same period
Prabhudas Lilladher projected 89 per cent year-on-year (YoY) fall in profit.
Maruti edges up on better salesMaruti Suzuki shares ended 0.8
per cent up to Rs 7,616 after the company reported a 4.5 per cent increase in total October sales to 1,53,435 units.
JSW Energy cheers Q2
nosJSW Energy advanced 3.2 per cent to Rs 70.20 after the company reported a 2 per cent rise in consolidated net profit at Rs 353 crore for
the September quarter.
IT, auto stocks loseIT and auto stocks were major losers on bourses
Nifty Auto closed 0.7 per cent lower at 8,389, dragged by losses in TVS Motor (down 3.92 per cent), M-M (2.7 per cent) and Eicher Motors
Among IT stocks, Just Dial (down 5.3 per cent) and TCS (down 2.76 per cent) were the major drags
Nifty It shed 0.5 per cent to 15,483.
Most active stocksYES Bank was the most active stock on NSE in terms of value
It was followed by Zee Entertainment, SBI, Indiabulls Housing Finance and IndusInd Bank
In terms of volume, Vodafone Idea was the most traded security on NSE
YES Bank, Dish TV, Zee Entertainment and Indiabulls Housing Finance completed the top five list.
42 stocks below 50-DEMAAs many as 42 stocks
crossed below 50-DEMA which included Adani Ports, TeamLease Services, FCS Software, SML Isuzu and Madras Fertilisers, among others, The
50-EMA is a short-term gauze, which is used to detect trend in a stock
When a stock crosses above 50-EMA, it is usually considered a bullish signal and vice versa.
