INSUBCONTINENT EXCLUSIVE:
bulls First, signs that the global economy is slowly but surely getting into the pink of health, as indicated by strong US jobs numbers.
At
the same time, slower wage growth in the US lowered the probability of another Fed rate hike in September
Nifty50 settled above 10,850.
Will the optimism last Well, all depends on June quarter earnings
TCS kicks off the season on Tuesday.
And, what else moved the market all through Monday
TCS slips ahead of Q1 resultShares of IT behemoth
Tata Consultancy Services (TCS) dipped over 1 per cent ahead of June quarter earnings tomorrow
The scrip closed at Rs 1,887, down 1.34 per cent against its previous close of Rs 1,913
Majority of the brokerages expect Indian IT companies to start FY19 in a strong note, reporting double-digit growth year on year in
Q1FY19.
Spurt in open interestHexaware witnessed the biggest spurt in open interest at 37.49 per cent, followed by Just Dial (32.53 per
cent) and TCS (30.13 per cent).
Who moved your SensexReliance Industries, Infosys, LT were the major contributors to index gains
YES Bank, Asian Paints and Axis Bank were the other contributors.
132 stocks poised to rallyTechnical indicator MACD showed 132 stocks,
including Bank of Baroda, JSPL, Hexaware, Axis Bank and Karnataka Bank are set to rise in the coming sessions
On the other hand, MACD showed bearish crossovers in 13 stocks, indicating that these scrips may fall in coming sessions.
Dilip Buildcon hit
upper circuitShares of Dilip Buildcon hit upper circuit of 5 per cent on Monday
The scrip jumped by Rs 34.45 to Rs 724.30
more than 100 per cent upside from its close of Rs 689.90 on Friday.
Stocks @ fresh 52-week lowMore than 90 stocks on the National Stock
Exchange (NSE) scaled their fresh 52-week low despite a rally of over half a per cent
Balaji Telefilms, Den Networks, Gammon India, JK Cement, Inox Wind and Kwality Industries stood among some of the stocks that hit their
On the other hand, only 16 stocks hit their fresh 52-week high levels.
Call/Put writingOn the option front, maximum Put open interest (OI)
stood at 10,600 followed by 10,700 strike while maximum Call OI was seen at 11,000 followed by 10,800 strike
Significant Put writing was seen at 10,800 and 10,700 strikes while Call writing stood at strike prices 11,000 and 11,100.
I-T dept sold
sharesThe Income Tax department has sold about 40 per cent of British oil firm Cairn Energy plc's shares in Vedanta to recover a part of
Rs 10,247-crore demanded as retrospective tax
Cairn India earlier merged with its new parent Vedanta, in which Cairn Energy held about 4.95 per cent stake
Shares of Vedanta closed 3.14 per cent up at Rs 226.40.
Wild moves Midcap IT firms including Hexaware Technologies, NIIT Technologies and
Midtree saw major spikes during the session
Hexaware closed 13 per cent higher at Rs 508.95, whereas NIIT Tech and Mindtree rallied up to 4 per cent.
Most active stocksTCS, YES Bank
and Reliance Industries stood among most active stocks in terms of volume, while UVSL, JP Associates and Reliance Communications stood among
most active in terms of value on the NSE.
