INSUBCONTINENT EXCLUSIVE:
ended the truncated week in the green
The NSE index, in fact, summoned courage to hit off a new record in the end.
For the whole week, the 30-share Sensex notched up 79 points,
or 0.21 per cent, closing at 37,948
As for the Nifty, the record high came at 11,471, up 41.25 points, or 0.35 per cent, against a close of 11,430 on August 10.
Overall,
fortunes seesawed the whole week
negative until the banks address their weak core capital positions against mounting bad loans and poor financial performance
But it was the final day of trade that helped markets regain composure and settle the week in positive territory.
But there are top stocks
and sectors that were up and running the whole week
A look.
@fresh all-time high: More than 25 stocks on the BSE 500 index scaled their fresh all-time high during the week gone by
Some of the stocks on the list included Varun Beverages, Jubilant FoodWorks, 3M India, Havells India, Berger Paints, Bajaj Finserv, Exide
Industries, Bata India, Graphite India, Page Industries and Tata Consultancy Services.
Nifty top gainer: Sun Pharma played to the gallery,
gaining the most, on the Nifty50 index
The scrip jumped 12.55 per cent to Rs 623.50 on August 17, from Rs 554 on August 10
The drug major got traction on better-than-expected results for the first quarter to June on the back of stronger sales in the US
It posted consolidated net profit of Rs 982.51 crore for Q1 FY19 against net loss of Rs 424.92 crore for Q1 FY18
In a separate development, the company received approval for CEQUA (cyclosporine ophthalmic solution) 0.09 per cent, from the USFDA
CEQUA is indicated for treatment of patients with keratoconjunctivitis sicca (dry eye).
Booster dose: Most pharma stocks advanced on the
The local currency plunged more than 9 per cent on a year-to-date (YTD) basis and around 2 per cent in August
A weak rupee boosts revenue of pharma firms in rupee terms as the sector derives a major share of revenue from exports
under pressure as the rupee went below 70 per dollar for the first time
Loss in the rupee against the dollar makes oil imports costlier for these companies
The sharp decline in the currency can be attributed to a weak external position with respect to current account deficit as well as an
unstable political and currency environment in Turkey
HPCL, IOC and BPCL declined 4.09 per cent, 5.98 per cent and 6.50 per cent, respectively, during August 10-17.
Top gainers of BSE 500: With
a rally of 47 per cent, Housing Development Infrastructure stood out in the crowd
It was the top gainer on the BSE 500 index for the week ended August 17
It was followed by Apollo Hospitals (up 25 per cent), Kwality (21 per cent), United Breweries (15 per cent) and Rain Industries (13 per
cent).
Top losers of BSE 500: Reliance Naval (down 17 per cent), Sobha (down 12 per cent), ILFS Transportation Networks (down 11 per cent),
Chennai Petroleum Corporation (down 10.76 per cent) and Allahabad Bank (down 10 per cent) ended up being top losers of the index during the
week gone by.
Order boost: Shares of Ion Exchange (India) hit upper circuit of 5 per cent on Friday after the company signed up a job
contract from a Vedanta unit
The company informed bourses that it has signed a contract for engineering, procurement, supply and construction of water treatment plant
worth of Rs 438.84 crore from Cairn Oil Gas, a division of Vedanta Ltd.
Apollo Hospitals: The stock spurted over 25 per cent after the
healthcare company posted 71.02 per cent increase in its standalone PAT at Rs 60.2 crore for the first quarter ended June
Revenues grew by 16 per cent to Rs 1,910.4 crore for the first quarter from Rs 1,650.4 crore in the same period a year ago.
