INSUBCONTINENT EXCLUSIVE:
Market heartbeats Sensex and Nifty slipped for the fourth straight week as they found little solace in rising crude oil prices, fall in the
rupee and heavy selling pressure in the non-banking financial space
The BSE Sensex lost 614 points, or 1.67 per cent, to 36,227 for the week ended September 28 while the NSE Nifty came off by 213 points, or
1.91 per cent, to 10,931.
As many as 42 stocks of the Nifty settled in the red, with Indiabulls Housing Finance tumbling nearly 20 per
cent.YES Bank plunged 19.20 per cent, along with Eicher Motors (down 13.41 per cent), Tata Motors (down 10.69 per cent) and Mahindra
Mahindra (down 10 per cent).
On the other hand, Tata Consultancy Services, Reliance Industries, Infosys, Axis Bank, HDFC Bank, Vedanta,
Titan Company and HCL Technologies jumped 0.30-4 per cent during the week gone by.
Here are the top stocks and sectors that were up and
YES Bank: Rana Kapoor, the embattled co-promoter and CEO of Yes Bank, on Friday said he does not intend to sell his holding in the private
the three years as sought by the board
The scrip plunged to Rs 183.50 on September 28, from Rs 227.10 on September 21.
Aviation stocks: Airline majors, including Jet Airways,
SpiceJet and InterGlobe Aviation, fell up to 21 per cent after the government on Wednesday raised import duty on 19 items, including jet
fuel, to check the widening current account deficit resulting from high crude oil prices and a falling rupee
The government has raised import duty of 5 per cent on aviation turbine fuel (ATF), from nil earlier
Jet Airways faced additional pressure after reports that the company delayed part payment of August salaries to pilots and senior management
personnel.
Top gainers: With gains of 12.47 per cent, ILFS Transportation was among top gainers on the BSE500 index for the week ended
Star Cement (up 10.73 per cent), Thyrocare Technologies (6.94 per cent), The Indian Hotels Company (6.78 per cent), Deepak Nitrite (5.54 per
cent) and Cyient (5.46 per cent) were other smart gainers.
Top losers: Infibeam Avenues plunged 67.58 per cent to Rs 58.80 on Friday, from
Rs 181.40 on September 21
It was followed by Indiabulls Real Estate (down 27.91 per cent), Centrum Capital (down 24.89 per cent), PNB Housing Finance (down 24.24 per
cent), Jain Irrigation (down 23.67 per cent) and Welspun Corp (down 23.55 per cent).
@fresh 52 week low: As many as 178 stocks of the BSE500
index hit their fresh 52-week lows during the week
The list included scrips such as AU Small Finance Bank, Jindal Stainless (Hisar), IDFC Bank, Infibeam Avenues, Gujarat Gas, Orient Cement,
weak debut on D-St: Shares of engineering and construction company Ircon International made a weak debut at the bourses on Friday and ended
13 per cent lower against the issue price of Rs 475
The stock settled at Rs 416.65, a sharp fall of 12.28 per cent against the issue price on the BSE
The stock listed at Rs 410.30, plunging 13.62 per cent from the issue price in the morning trade
On NSE, shares of the company closed 13 per cent lower at Rs 412.95.
IPO update: The initial public offer (IPO) of Dinesh Engineers, a
passive communication infrastructure provider, was subscribed 0.54 per cent on the first day of bidding Friday
The public offer received bids for 5,43,600 shares against 10,00,00,000 offered by the company, according to NSE data
On the other hand, IPO of state-owned Garden Reach Shipbuilders Engineers got fully subscribed on Friday
Another IPO by Aavas Financiers was subscribed 97 per cent on the third day of bidding on Thursday.
NBFCs in a free fall: Shares of most
non-banking financial companies were under pressure as fears of liquidity crisis continued to haunt sentiment
PNB Housing Finance, Dewan Housing Finance Corporation, Edelweiss Financial Services, Indiabulls Housing Finance, Can Fin Homes and Reliance
Capital came down by over 15 per cent during the week gone by.
WhatsApp message that destroyed wealth: Shares of Infibeam Avenues Ltd saw a
