INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic stocks continued to bleed on Thursday
June FO expiry, a sinking rupee and trade war worries had investors on the edge
plunged 7.8 per cent in intraday trade after reports that Sebi has question the lender why it did not disclose a dispute with Religare
Finvest in its regulatory filing over the rights issue launched in January
The stock settled 4.79 per cent lower at Rs 105.35 apiece on BSE.
Vakrangee rallies for 9th dayShares of the company got locked in the upper
circuit limit of 5 per cent at Rs 63.70 apiece on BSE.
Insider TradesBSE data showed Piramal Corporate Services and Trustee of The Piramal
Welfare Trust, the promoter group of Piramal Enterprises, disposed of a total of 2,97,606 shares between June 25 and 26
Jasmin K Bhavsar, the KMP of Nirlon, disposed 3,000 equity shares on June 27.
Shankar Sharma's take on rupeeBlock dealsGujarat Pipavav
Port ended over a per cent lower after 11 lakh shares or 0.5 per cent equity changed hands in a single block deal on the BSE
On the ICICI Bank counter, 15 lakh shares changed hands in a block deal
The stock ended 2.78 per cent lower at Rs 271.15 apiece on BSE
Stocks in oversold zoneTechnical indicator RSI (Relative Strength Index) showed 64 stocks have slipped into the oversold territory
The list included NHPC, Gati, Vijaya Bank and KNR Constructions.
Call/Put WritingOn the options front, open interest was scattered across
different strike prices at the start of the July series
Maximum Put open interest was at strike price 10,600 followed by 10,500 while maximum Call OI was at 11,000 followed by 10,800
Options data suggested limited upside while downside support is yet to be established in the absence of meaningful open interest inventory
at the beginning of a new series.
