INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Two steps forward, one step backward!
After the SP BSE Sensex logged some 2.5 per cent gain last week, a sudden spike in
followed by realty and healthcare, as all sectoral indices barring IT ended in the red
26 per cent after the company withdrew its May 10 proposal to buy back shares worth Rs 424 crore from shareholders
The stock settled at Rs 89.85 apiece on NSE
in intraday trade after a US district court granted a preliminary injunction against sale of the generic version of suboxone used for
treating opioid dependence
The stock later pare some of the losses to end at Rs 2,089 apiece, down 9.85 per cent
majority stake in the lender, ETNow reported
The stock ended 1.48 per cent lower at Rs 56.45 after sliding to Rs 53.30 apiece at one point of the day
Notable among them were Andhra Bank, Ambuja Cements, Apollo Micro Systems, Bank of India and BF Utilities
Steel stocks dentedTata Steel slumped 7 per cent to Rs 519.30 apiece amid reports that China produced a record 80.2 million tonnes of crude
Steel prices have been on a downward slope globally due to a glut in lieu of impending tariffs to be imposed on steel imports into the US
SAIL tumbled nearly 5 per cent to Rs 71.05 on BSE.
Call/Put writingOn the options front, maximum Put open interest was at 10,600 followed by
10,700, while maximum Call OI was at 11,000 followed by 11,100
Meaningful Call writing was seen at 11,000 followed by 11,100 while Put unwinding was seen at all immediate strike prices
The option band signified an immediate trading range between 10,888 and 11,080 levels.
RSI shows 22 stocks are oversoldTechnical indicator
RSI (relative strength index) showed some 22 stocks have slipped into the oversold territory, which included names like PC Jeweller, Hathway
Cable, Den Networks, NLC India, Kwality and Dhanlaxmi Bank
