INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic equity benchmarks Sensex and Nifty suffered losses for the third consecutive session on Friday on heavy losses in most
sectors, led by auto, metals, pharma and power stocks
After opening in the green zone, the Sensex traded on the choppy note, swinging between gains and losses, and finally lost steam in late
finished 47 points, or 0.43 per cent, down at 10,930
Axis Bank, HDFC twins, ITC, Wipro and ONGC settled were the top gainers in the Sensex index
Among other index stocks, YES Bank, Hero MotoCorp, Bharti Airtel, Tata Steel and Vedanta suffered major losses and finished at the bottom
On a weekly basis, Sensex logged the fourth consecutive loss, erasing 614 points, or 1.67 per cent
The Nifty50 lost 213 points, or 1.91 per cent, for the week
Both the equity indices plunged over 6 per cent in September
While Sensex lost 2,418 points, or 6.26 per cent, Nifty plunged 750 points, or 6.42 per cent
They included YES Bank, Maruti Suzuki, Hero MotoCorp, Tata Motors and Punjab National Bank, Apollo Tyres, Vodafone Idea, IDFC, Jet Airways
(India), Arvind, Bank of Baroda, BEML, CanFin Homes, Ceat and Castrol India
Only nine stocks, including Monnet Ispat Energy, Gangotri Textiles, Ircon International, Prakash Steelage, Ruchi Infrastructure and United
Breweries, touched 52-week high levels
discount to the issue price of Rs 475, mostly because of weak market sentiment
The scrip closed the day at Rs 416 on BSE, down 12.28 per cent from issue price
YES Bank tanks 10%After touching fresh 52-week low of Rs 166.15, shares of YES Bank settled 9.72 per cent down at Rs 183.45 on BSE
The stock has eroded over 40 per cent investor wealth in a week
The scrip extended losses on Friday after reports that Madhu Kapur, wife of late Yes Bank co-founder Ashok Kapur, sold around 0.04 per cent
of her stake in the bank in open market on September 21
The lender clarified to stock exchanges on Thursday that it had not indulged in any window dressing of its corporate accounts to conceal
non-performing assets (NPAs)
Infibeam Avenues crashes 70%The stock suffered a terrible fall, closing the day at Rs 58.80, down by 70.24 per cent on BSE
Data suggests a 50 per cent drop on the counter was not unusual
The scrip had dropped 23 per cent last Friday when it had an intraday swing (between high and low points) of 73 per cent
On Monday, it swung in a 22 per cent range
On December 29, the scrip had swung some 66 per cent
Midcaps, smallcaps underperformed SensexThe BSE Midcap and Smallcap indices suffered more losses than the benchmark Sensex
While the midcap index closed 1.61 per cent lower, the smallcap index suffered a major loss of 3.41 per cent
Metals, realty, telecom top sectoral laggardsMetal, realty and telecom plunged 5.01 per cent, 4.85 per cent and 4.01 per cent,
respectively, featuring as the top laggards among the sectoral indices on BSE
BSE Basic Materials (down 3.31 per cent), Capital Goods (down 2.67 per cent), Industrials (down 2.56 per cent) and Auto (down 2.32 per cent)
indices tanked in that order
Bearish signals on 33 stocksMomentum indicator moving average convergence divergence, or MACD, showed bearish crossovers on 33 counters on
Among the stocks that showed bearish crossovers included Hindalco, Bajaj Hindusthan Sugar, Divi's Labs, EID Parry and Den Networks
On the flip side, 11 stocks, including HDFC Bank, Asian Paints, Thermax and Kalpataru Power, showed bullish crossovers on NSE.
