INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Optimism over in-line earnings of blue-chip companies boosted equity benchmarks Sensex and Nifty for the third consecutive day on
Tuesday.
Healthy buying across sectors in the wake of a fresh rise in the rupee against the dollar and a cool-off in crude oil prices helped
The rupee traded 20 paise higher at 73.62 around 4:10 pm even as oil prices eased on expectations of an increase in US crude
or 0.69 per cent, higher at 10,584.
The BSE Midcap (up 1.14 per cent) and Smallcap (up 1.68 per cent) indices outperformed benchmark Sensex
followed by Adani Ports and ONGC, each rising over 3 per cent
State Bank of India, ICICI Bank, Axis Bank and Reliance Industries rose over 2 per cent each
HDFC Bank, Bajaj Auto, Maruti Suzuki, Infosys and IndusInd Bank were the top five index losers, falling between 0.37 per cent to 0.77 per
New MD gives ICICI Bank big liftShares of private lender ICICI Bank jumped after Reserve Bank of India (RBI) approved the appointment of
Sandeep Bakhshi as MD CEO
ICICI Bank's former MD and CEO Chanda Kochhar quit the post on October 4, six months before her current tenure were to end
Aviation stocks flew highShares of most aviation companies surged amid a fresh fall in global crude oil prices on expectations of an
increase in the US crude inventories
Shares of Jet Airways (up 8.41 per cent), IndiGo (up 5.68 per cent), Global Vectra Helicorp (up 4.93 per cent) and SpiceJet (up 4.24 per
cent) clocked decent gains.
Top 10 gainers on BSERupa Co (up 20 per cent), Sprayking Agro Equipment (up 20 per cent), Ruby Mills (up 20 per
cent), SPML Infra (up 19.96 per cent), GTPL Hathway (up 19.96 per cent), Mindteck (India) (up 19.95 per cent), Mangalam Timber Products (up
19.90 per cent), North Eastern Carrying Corporation (up 19.80 per cent), Choice International (up 19.75 per cent) and Energy Development
Company (up 19.68 per cent) were among the top gainers on BSE.
67 stocks in the oversold zoneMomentum oscillator Relative Strength Index, or
RSI, showed 67 stocks in the oversold zone on BSE
Adlabs Entertainment, Bombay Dyeing, K Miles Software, Indosolar, Amsons Apparels, Jackson Investments and Crescent Leasing entered the
oversold territory, while Ashari Agencies, Jai Mata Glass, Mishtann Foods, Rama Paper Mills, Abans Enterprises and Sportking India were
among the 30 stocks that entered the overbought zone.
371 stocks showed bullish crossoversMomentum indicator moving average convergence
divergence, or MACD, showed 371 stocks had completed a bullish crossover, signalling their readiness to rally
Meanwhile, 15 stocks showed bearish crossovers, which included GRM Overseas, Lesha Industries, Frontline Securities, Bayer Cropscience,
Parnax Lab and Duncan Engineering
100 stocks defied market trendAs many as 117 stocks, including Crisil, Kwality, Rajesh Exports, 8K Miles Software Services, Adlabs
Entertainment, Ashapura Intimates Fashion, Arihant Foundations Housing, Essel Propack and Greenply Industries, defied market sentiment to
dive and touch 52-week lows on BSE
On the other hand, 39 stocks, including Atul, Coastal Corporation, Crown Tours, Dalal Street Investments, HEG and Grandeur Products, hit
