INSUBCONTINENT EXCLUSIVE:
The domestic equity market inched lower on Friday amid subdued global cues after the US Federal Reserve left key interest rates unchanged
but hinted at a rate hike in December
concerns about its financial sector
Only 28 stocks in the Nifty pack closed in the green with YES Bank, HPCL, Indiabulls Housing Finance, Adani Ports and Asian Paints gaining
will resume exporting raw sugar to China, as it eyes overseas markets to clear surplus stocks that have muted prices and created financial
Triveni Engineering rallied 7.74 per cent, followed by Dalmia Bharat Sugar (up 5.22 per cent), Ugar Sugar (up 5 per cent) and Dhampur Sugar
on review for a downgrade, following low levels of profitability and expectation of weak cash flow.
Top sectoral gainersAmong the sectoral
indices on BSE, Healthcare, Consumer Durables and Auto indices gained 1.08 per cent, 0.85 per cent and 0.55 per cent, respectively, despite
However, the IT, TECk, Metal and Telecom indices slipped up to 1.20 per cent.
Spurt in open interestIndian Bank witnessed the biggest spike
in open interest at 116.35 per cent, followed by Orient Bank (29.52 per cent), NHPC (24.28 per cent) and Amara Raja Batteries (23.74 per
cent).
Asian markets end in red Most of the Asian peers ended lower after the Federal Reserve maintained its hawkish stance and the populist
Nikkei225 closed 1.06 per cent down at 22,250, while Shanghai and Hang Seng dipped up to 2.44 per cent.
Stocks at fresh 52-week high/lowMore
than 25 stocks scaled fresh 52-week low on the National Stock Exchange
Some of the stocks in the list included ABG Shipyard, Alchemist, Assam Company, Hotel Leela Venture, Indosolar, MVL and Navkar Corporation
gainShares of oil marketing players as well as paint companies moved higher following softening crude oil prices
Shares of HPCL, IOCL and BPCL gained up to 5 per cent, while paint manufacturers Kansai Nerolac, Berger Paints and Asian Paints gained up to
Brent oil price slipped below $70 a barrel in the international market amid rising supply and concerns over demand pressure due to an
US crude is now down 20 per cent since early October.
Titan inched down ahead of resultShares of Titan Company closed 0.37 per cent down at
Rs 848 on the BSE ahead of its financial results later in the day
The company reported flat profit growth for the quarter later in the day.
Most active stocks Reliance Industries, YES Bank, Axis Bank, HDFC,
Maruti Suzuki and PC Jeweller were the most active stocks in terms of volume while Infibeam, PC Jeweller, JP Associates, and YES Bank
emerged as the most active stocks in terms of value.
Who moved my SensexReliance Industries, Infosys, TCS, ITC, and HDFC Bank put maximum
pressure on the index, while HUL, YES Bank, Asian Paints, Maruti Suzuki, Sun Pharma, and Vedanta capped the downside.
