INSUBCONTINENT EXCLUSIVE:
offset by losses in HUL, Tata Steel, HDFC and MM
Benchmarks Sensex and Nifty cooled off after hitting fresh record highs of 38,402 and 11,581 in early trade, buoyed by positive sentiment
currency manipulation by China and Europe
Sensex eventually settled at a record high of 38,285 and Nifty at 11,570, although by slight margins of 0.02 per cent and 0.17 per cent,
The broader BSE midcap and smallcap indices outperformed the Sensex
The stock hit a fresh high of Rs 1,251 before settling 0.94 per cent higher at Rs 1,246
Headwinds for Jet AirwaysShares of the beleaguered airline fell 3 per cent after reports that the Ministry of Corporate Affairs had opened
an inquiry into allegation of fund siphoning
SpiceJet, IndiGo fallOfficial data on Tuesday showed 21 per cent growth in air passenger traffic in July
Strong July passenger data boosted the share of SpiceJet and InterGlobe Aviation (IndiGo) in early trade on Tuesday, but the gains proved to
SpiceJet ended the day 2.89 per cent lower, whereas InterGlobe fell 1.18 per cent.
Reliance Jio subscriber base up A Trai report on Monday
revealed that Reliance Jio increased its subscriber base most in June, adding over 97 lakh new connections
It was followed by Idea Cellular, which added over 63 lakh new connections
Shares of Idea Cellular fell 1 per cent while Bharti Airtel slipped 0.72 per cent on Tuesday.
Oversold/overbought stocksShares of Sanghvi
Paper, BAG Films Media, Birla Cable, Bata India, Sunteck Realty and Weizmann, entered the overbought territory.
RSI above 80
52-week highs
lowsAs many as 42 stocks, including those of RIL, ITC, Amara Raja Batteries, Bata India, Berger Paints, Britannia Industries and Birla
Cable, hit 52-week highs on NSE while 49 others, including Amtek Auto, Balaji Telefilms, Byke Hospitality, ABG Shipyard and Castex
Technologies hit 52-week lows
stocks on NSE, meaning the possibility of more upside on these counters
Among the stocks with upward crossovers were IDBI Bank, India Cements, Ambuja Cements and ONGC
Meanwhile, Infosys, Minda Industries, GTPL Hathway and Mahindra CIE Automotive were among the 47 stocks that saw bearish crossovers on NSE,
