INSUBCONTINENT EXCLUSIVE:
NEW DELHI: After stumbling in the first half of the trade, the bulls roared back with full force in the second half on Tuesday, and lifted
benchmark indices to fresh record highs on a closing basis
Heavy buying in RIL, HUL and Infosys gave SP BSE Sensex a 112-point lift to 37,606
IndiGo crashes post Q1 numbersInterGlobe Aviation plunged nearly 13 per cent in intraday trade after the low-cost airline reported a 97 per
cent plunge in June quarter profit due to adverse impact of foreign exchange, high fuel prices and a competitive fare environment
The stock closed 7.49 per cent lower at Rs 929.05 apiece, wiping out Rs 4,352 crore of investor money
Broader market rises tooThe SP BSE Midcap index gained 0.33 per cent to 16,013 with Adani Power (up 7.92 per cent) being the top gainer and
Bank of India (down 8.75 per cent) the worst laggard
The SP BSE Smallcap pack ended 0.26 per cent higher at 16,584
Earnings impactShares of LG Balakrishnan shot up 12.3 per cent during the day after the company reported a 96 per cent YoY jump in June
quarter profit at Rs 21.6 crore
The stock settled 6.63 per cent higher at Rs 555 piece on BSE
FMCG firm Dabur India on Monday reported 24.59 per cent rise in consolidated profit at Rs 330 crore for the quarter, driven by volume
The stock settled 6.96 per cent high at Rs 420.
Bharat Electronics (BEL) reported 43.4 per cent rise in profit at Rs 179 crore
The stock jumped 7.76 per cent to settle at Rs 115 apiece
BASF gained a solid 10 per cent to Rs 1,938 apiece on BSE after it reported June quarter PAT at Rs 24.4 crore against Rs 68 lakh YoY
Insider tradeMax Ventures Investment Holdings, the promoter group of Max Financial Services, revoked 6,28,000 pledged shares on Tuesday
Another promoter group Mohair Investment and Trading Company revoked 72,000 equity shares
This apart, Y Srinivasa Rao, the director of Everest Industries, disposed of 1,813 shares
Most active stocksAdani Power, Reliance Communications, HDIL, JP Associates, Idea Cellular and Bank of India were the most active stocks in
RIL, Axis Bank, SBI, InterGlobe Aviation, Dabur India and HDFC emerged the most active in terms of value
Eicher skidsShares of Eicher Motors, parent company of motorcycle manufacturer Royal Enfield, fell as much as 2.84 per cent amid reports
that American motorcycle major Harley Davidson is turning aggressive on Asia and hopes to unveil a lightweight motorcycle for India through
an alliance with an Asian manufacturer
The stock settled 2.62 per cent down at Rs 27,820
Brokerages are bullish on RIL post June quarter numbers
Goldman Sachs has the highest target of Rs 1,400 on the scrip while Nomura India's Rs 1,220 is the lowest among major foreign brokerages
Shares of RIL shut shop at Rs 1,185, up 3.14 per cent and those of TCS at Rs 1,941, down 0.19 per cent
D-Mart at new peakAvenue Supermarsts, the parent company of retail chain D-Mart, hit a fresh lifetime peak of Rs 1,663.80 apiece on BSE
after reporting a 43.4 per cent surge in net profit at Rs 251 crore for the June quarter
The stock settled 3.77 per cent higher at Rs 1,652 apiece on BSE, helping the company reclaim the Rs 1 lakh crore market-cap mark
Call/Put writingOn the options front, maximum Put OI was at 11,000 followed by strike price 11,200 while maximum Call OI was at 11,500
Put writing was seen at 11,000 and 11,200 strike whereas call writing was seen at 11,400 followed by 11,700.
Fiscal deficitIndia reported a
fiscal deficit of $62.57 billion for April-June, or 68.7 per cent of the budgeted target, for the financial year compared with 80.8 per cent
Net tax receipts in the first quarter of financial year 2018-19 that ends in March, 2019, were Rs 2.37 lakh crore, government data showed
READ MOREBlock dealsHDIL shares jumped 20 per cent to Rs 24.05 apiece on BSE after 27.8 lakh shares changed hands in two block deals
Inox Leisure settled at Rs 192.50, down 1.69 per cent after 41 lakh shares (4.2 per cent equity) changed hands in a block deal on BSE,
