INSUBCONTINENT EXCLUSIVE:
The domestic equity market rallied more than half a per cent during the week ended July 6
Buying in automobile stocks on better-than-expected car sales in June and demand for FMCG stocks after the hike in MSP by the government on
Wednesday aided market sentiment
BSE Sensex gained 234.40 points, or 0.66 per cent to close at 35,657 on July 6 from 35,423 on June 29
maximum buzz during the week:
YES Bank: The private sector lender advanced more than 3 per cent last week after it received rating upgrades
from CARE Ratings for multiple instruments
During the week, it also received final regulatory approval from the Securities Exchange Board of India (Sebi) to start mutual fund
business.
New listings: Shares of auto component maker Varroc Engineering ended with nearly 8 per cent gains against its issue price of Rs
967 in debut trade on Friday
The stock debuted at Rs 1,032, surging 6.72 per cent over the issue price on BSE
During the day, the stock soared 9.82 per cent to Rs 1,062 and finally ended at Rs 1,040.55, up 7.60 per cent
On NSE, shares of the company settled 6 per cent higher at Rs 1,025.15
RITES and Fine Organic Industries also got listed on the bourses during the week
Sobha: Shares of Sobha advanced over 3 per cent on Friday after the company reported robust sales growth for June quarter, 2018
The Bangalore-based real estate firm said first quarter performance was encouraging vis-a-vis the same quarter last year
New sales increased to 9,60,085 square feet in Q1FY19 over 8,15,230 square feet in Q1FY18
The Bangalore region contributed 64 per cent of total sales volume during Q1FY19
The volumes in other locations increased by 56 per cent as compared to corresponding quarter of last year.
Melting metal: Rising trade woes
between the US and other major economies hurt metal and mining stocks
The BSE Metal index plunged the most 3.40 per cent on the BSE
Consumer durbales, power and realty indices slipped up to 3.08 per cent
On a roll: Shares of auto companies hogged limelight after car sales for June grew faster than the same month last year
As a result, the BSE Auto index rallied more than 3 per cent during the past five trading sessions
The country's largest car maker Maruti Suzuki India (MSI) reported a 36.3 per cent increase in total sales at 1,44,981 units in June as
against 1,06,394 units in the year-ago month
Bajaj Auto, Hero Moto and Maruti Suzuki jumped up to 7 per cent during the week.
Top gainers: Shares of Indo Count Industries (up 17 per
cent) stood as top gainer in the BSE500 index for the week ended July 6
It was followed by Balkrishna Industries (up 15 per cent), V-Mart Retail (up 14 per cent), Motilal Oswal Financial Services (up 13.77 per
cent) and Gruh Finance (up 13 per cent).
Top losers: On the other hand, 8K Miles (down 23 per cent), Vakrangee (down 22 per cent), Kwality
Ltd (down 18 per cent), Shriram Transport Finance (down 14 per cent) and Johnson Controls-Hitachi Air Conditioning (down 13 per cent) stood
among top losers in the BSE500 index during the week gone by.
Stocks @ fresh 52-week high: As many as 15 stocks in the BSE 500 index scaled
fresh 52-week high last week
The list included stocks such as V-Mart Retail, Tata Consultancy Services, Zydus Wellness, Zydus Wellness, HEG, Graphite India, Britannia,
Jubilant FoodWorks, RBL Bank, Tata Elxsi, Infosys, Bata India and GSK Pharma.
