INSUBCONTINENT EXCLUSIVE:
Traders continued to hammer YES Bank for a third straight session, as it plunged further 7 per cent even as the US-based Capital
International committed to pump in $120 million.
Jindal Steel and Power took a beating after Supreme Court refused to give it a favourable
Thanks to their lacklustre performance, Nifty Metal index dived 2.6 per cent.
BSE benchmark Sensex dipped 126.72 points to 40,675 while the
50-share Nifty slipped below the 12,000 mark
It ended the day at 11,994, down 54 points
plunged further 7.10 per cent to end at Rs 59.50 on BSE
Traders shrugged off capital-raising plans that the bank had unveiled on Friday and hammered the stock in last two sessions, causing it to
plunge 12.88 per cent.
JSPL crashes 6%Jindal Steel and Power tanked 6 per cent to Rs 149.55 on BSE after the Supreme Court declined to allow
sale or transport of Rs 2,000 crore worth of iron ore claimed by Jindal Steel and Power from Sarda Mines.
Tata Steel loses lustreShares of
Rs 675 on expectation of a delay in deleveraging due to weak India earnings.
DHFL slides downwardDewan Housing Finance (DHFL) dived 4.82 per
cent to Rs 18.75 and hit the lower circuit placed on BSE
Mumbai bench of the National Company Law Tribunal, which admitted the insolvency resolution plea on Monday.
Media, metals take a plungeNifty
Media, Nifty Metal and NIfty PSU Bank indices each ended over 2 per cent down on NSE
moversPrivate banks proved major drags on Sensex
HDFC Bank and Axis Bank together knocked off 64 points from 30-share pack
Reliance Industries and L-T were the other major drivers of the fall in Sensex, while TCS and HDFC provided some support.
Broader market
bleedsBroader market indices underperformed the benchmark as Nifty Midcap dipped 1.09 per cent to 16,917 while Nifty Smallcap slipped 0.71
Nifty500 shed 0.56 per cent to 9,743.
Most active stocksYES Bank emerged the most active stock on NSE in terms of transaction value
Indiabulls Housing Finance, Bharti Airtel, TCS and Reliance Industries were other most traded securities
On the other hand, in terms of transaction volumes, Vodafone Idea, YES Bank, Dish TV, Indiabulls Housing Finance and Jindal Steel and Power
They include Arvind, Allahabad Bank, Uniply, Reliance Capital, Khadim India, Bajaj Holdings and Investments and Everest Industries, among
In technical analysis, stocks with below 30 on RSI are considered oversold
This implies that stock may rebound