INSUBCONTINENT EXCLUSIVE:
Domestic equity market extended its rally for a second straight session on buying in index heavyweights amid inflows by foreign funds and
strengthening rupee.
The BSE Sensex gained 196.62 points, or 0.56 per cent to 35,457.16, while the NSE Nifty index jumped 65.50 points, or
Broadly, the second quarter earnings were tad below the expectation of 15 per cent YoY (Nifty50) and the market has largely factored a
gradual downgrade in earnings in the second half of FY19
While investors are looking for major triggers for a decisive up move above 10,700 level, stability in rupee and oil prices will provide
2.79 per cent helping the oil-to-telecom behemoth pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market
The m-cap of RIL stood at Rs 7,14,668.54 crore on Friday as against Rs 7,06,292.61 of the IT major.
Jet Airways continues to fly highShares
The scrip rallied 8.07 per cent to Rs 346.85
End of tariff warTelecom players including Bharti Airtel and Vodafone Idea hogged limelight after a media report stating that Reliance Jio
is considering tariff hike for prepaid and postpaid customers
Bharti Airtel zoomed 9.81 per cent to Rs 333.60, while Vodafone Idea soared 16.42 per cent to Rs 42.90.
Who moved my SensexReliance
However, some selling in Yes Bank, Maruti Suzuki, ICICI Bank and Infosys weighed on the index
Spurt in open interestAjanta Pharma witnessed the biggest jump in open interest contracts at 27.20 per cent, followed by SREI Infra (25.72
per cent), Repco Home (24.42 per cent) and Yes Bank (22.80 per cent)
Most active stocksVodafone Idea, Jet Airways, Yes Bank, RCom, Infibeam and PC Jeweller were the most active stocks in terms of volume
On the other hand, Jet Airways, Yes Bank, Reliance Industries and ICICI Bank were among the most active scrips in terms of value
@fresh 52-week high/ lowAs many as 8 companies on the National Stock Exchange (NSE) scaled their fresh 52-week high on Friday
On the other hand, ABG Shipyard, Accelya Kale Solutions, Dixon Technologies, Hotel Leela Venture and Empee Distilleries scaled their fresh
52-week low.
Sectoral updateThe BSE Telecom index soared the most 6.27 per cent, followed by TECk (up 1.07 per cent), Healthcare (up 0.51
per cent), FMCG (up 0.47 per cent) and IT (up 0.31 per cent)
On the other hand, BSE Metal and Oil Gas index slipped 1.59 per cent and 0.50 per cent, respectively.
Ignore the selloff in midcapsIf you
own midcaps just go to sleep, eat some great food and ignore the selloff
If you do not own the midcaps get interested, see what is there, says value investor Guy Spier in an interaction with ETNow.
Put/call
writingOn option front, maximum Put open interest (OI) stood at 10,000 followed by 10,200 strike while maximum Call OI was seen at 10,800
followed by 11,000 strike
Put writing stood at 10,600 followed by 10,700 strike while Call writing was seen at 10,800 followed by 10,700 strike which could restrict
Option band signifies an immediate trading range in between 10,550 to 10,800 zones, according to Chandan Taparia, Analyst-Derivatives,
Motilal Oswal Financial Services.
