INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The domestic equity market witnessed the biggest weekly decline in two years, as benchmarks Sensex and Nifty lurched sharply
plunging domestic currency and rising crude oil prices remained an overhang while dollar strength against its peers and firming bond yields
in the US aggravated FII outflows
The 30-share Sensex plunged 792 points, or 2.25 per cent, to 34,377, with 27 stocks ending in the red
The Nifty50 closed 283 points, or 2.67 per cent, down at 10,316
Among the 50 stocks in the Nifty index, only eight managed to finish in the green.
Midcaps and smallcaps fell in sync with Sensex, declining
For the week, Sensex lost 1,850 points or 5.11 per cent, while Nifty shed 614 points or 5.62 per cent.
Let's walk you through the
highlights of Friday's session:Who dragged the SensexONGC (down 15.93 per cent), Reliance Industries (down 6.31 per cent), Adani Ports
(down 5.36 per cent), State Bank of India (down 4.73 per cent) and Bharti Airtel (down 4.27 per cent) emerged as the top five losers in the
Rupee hits a new lifetime lowThe domestic currency breached the 74-mark for the first time
Sustained capital outflows amid surging US Treasury yields and firm crude oil prices racing mainly impacted forex market sentiment
At the time of writing this report, the rupee was trading 27 paise lower at 73.86
Rs 4 lakh cr investor wealth goneFreaky Friday caused BSE companies to suffer a cumulative loss of Rs 3.79 lakh crore
Since Monday, 3 September 2018, investors have lost Rs 21.96 lakh crore on BSE.
26 stocks cracked over 10%As many as 26 stocks, including
HPCL, BPCL, ONGC, GCM Capital Advisors, Kovilpatti Lakshmi Roller Flour Mills, Indian Oil Corporation, JTL Infra, Jeevan Scientific
Technology, Frontline Securities and Prithvi Exchange (India), plunged over 10 per cent on BSE.
13 stocks surged over 10%Defying the bearish
sentiment of market, 13 stocks including Morarjee Textiles, Kinetic Engineering, SKP Securities, Laffans Petrochemicals, Star Delta
Transformers, CRP Risk Management, Swarnsarita Gems, Prime Urban Development India, Premier Polyfilm, UTI Nifty ETF, NINtec Systems, Yogya
Enterprises and Mangalam Seeds surged over 10 per cent on BSE.
370 stocks at 52-week lows on NSEBajaj Auto, HPCL, BPCL, GAIL (India), ONGC,
Oil India, Hero MotoCorp, Castrol India, Ceat, Central Bank of India, Vodafone Idea, 8K Miles Software Services, Adani Ports, Apollo Micro
Systems, IRB Infrastructure Developers, JBM Auto, JK Tyre, JMT Auto, Kajaria Ceramics and Minda Corporation featured among the 370 stocks
that touched 52-week lows on NSE.
Eight stocks, including Monnet Ispat Energy, Jain Studios, Prakash Steelage, Ruchi Infrastructure,
(FO) segment declined to Rs 7.70 lakh crore on Friday, compared with the turnover of Rs 20.26 lakh crore registered on Thursday
said Chandan Taparia of Motilal Oswal Securities.
MACD bearish on 11 stocksMomentum indicator moving average convergence divergence, or
MACD, on Friday, showed bearish crossovers on 11 counters on NSE
Among the stocks that saw bearish crossovers were BPCL, Oil India, Chennai Petro and Ramco Cements
However, five counters - Bhushan Steel, RS Software (India), Orbit Exports, Banaras Beads and Remsons Industries, showed bullish crossovers
135 stocks oversold on NSERelative Strength Index or RSI showed 135 stocks as oversold
Among the oversold stocks featured, Vodafone Idea, Adani Ports, Bharti Airtel, Reliance Capital, Mahindra Mahindra and Zee Entertainment
