INSUBCONTINENT EXCLUSIVE:
The bulls continued to make their presence felt on Dalal Street amid volatile trade for the fifth session on Wednesday as buying emerged in
select IT, energy and FMCG stocks
Market participants looked cautious ahead of corporate earnings that start later in the week, rising crude oil prices and macro data due on
10,417.
Here's a look at the buzzing stocks and sectors of the day:
Metal stocks shineShares of metal companies including Hindalco and
Hindalco closed 1.67 per cent higher at Rs 234.20, while Nalco ended 3.74 per cent higher at Rs 74.90
The BSE Metal index closed 1.62 per cent up at 14,155.56.
OMCs tumbleOil marketing companies, including Hindustan Petroleum Corporation
(HPCL), IndianOil (IOC) and Bharat Petroleum Corporation (BPCL), plunged up to 8 per cent after reports that the government has asked them
to absorb Rs 1 per litre price hike.
Goa Carbon slips despite robust Q4 showShares of Goa Carbon plunged over 3 per cent despite the company
143 per cent rise in net profit at Rs 11.84 crore for the quarter ended December 31, 2018 against Rs 4.86 crore reported for the
corresponding quarter last year
Total revenue of the company increased 77 per cent to Rs 162.37 crore against Rs 91.74 crore during the same period
The company also informed bourses that the board has recommended a final dividend of Rs 10 per equity share.
Stocks @ fresh 52-week highAs
many as 32 stocks scaled their fresh 52-week high on NSE
The list included Aarti Industries, Ahluwalia Contracts, Dilip Buildcon, GNA Axles, HIL, Jubilant Food and KEI Industries.
Most active
stocksJP Associates (up 2.21 per cent), GMR Infra (down 0.10 per cent) and Reliance Communications (down 0.40 per cent) were the most active
stocks in terms of volume while Mahanagar Gas (down 3.44 per cent), BPCL (down 7.92 per cent) and Vedanta (up 4.59 per cent) were most
active in terms of value.
Spurt in open interestMahanagar Gas witnessed the biggest spike in open interest at 190.62 per cent
BPCL (52.76 per cent) and IRB (42.02 per cent) were the next on the list.
Global markets mixedAsian peers closed mixed on Wednesday
following comments on trade by Chinese President Xi Jinping
Xi's pledge to cut tariffs on imported cars and improve intellectual property protection was seen as a step toward easing trade tensions
Hong Kong's Hang Seng added 0.55 per cent to 30,897 and the Shanghai Composite index jumped 0.56 per cent to 3,208.08.
