INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Benchmark equity indices continued to consolidate for a third week with an upward bias, with NSE barometer Nifty50 finally taking
out the crucial 10,650 level, suggesting more upside ahead
There was optimism globally that the US-China trade war would ease, even though developments around the Brexit deal remains an overhang
At home, the earnings season was in its last leg and could only generate stock-specific actions
Macro data released during the week were a mixed bag.
The BSE Sensex ended the week up 298 points, or 0.85 per cent, higher at 35,457, while
Nifty50 added 97 points, or 0.92 per cent to settle at 10,682
that the airline was in preliminary discussions with Tata Sons for a possible merger and acquisition
YES Bank: Shares of this private lender dropped 16 per cent for the week amid back-to-back resignations by senior officials
the week, as MSCI announced inclusion of this scrip in the MSCI Global Small Cap index
The changes in the constituents will take place from November 30.
PC Jeweller: The jewellery maker had a devastating week, as poor earnings
dragged its September quarter profit by 37.76 per cent to Rs 93.72 crore, wiping out its market value by one-fifth in five sessions
The stock fell 19.05 per cent for the week.
Ashok Leyland: It was a week of resignations, it seems
The stock ended 10.72 per cent higher for the week.
Sun Pharmaceuticals: A surprise Rs 218.82 crore loss in September quarter results made
analysts cut earnings estimates for India's top drug maker, leading to a 4-12 per cent cut in price target for the stock
The scrip reacted to the poor numbers and slipped 12.80 per cent for the week.
Zee Entertainment: This stock was in focus during the week
after the Subhash Chandra-led promoters group showed intent to sell or divest up to 50 per cent of equity stake in the company to a
The aim, the company said, is to pursue disruptive technological development and transform the business into a tech-media company
The scrip fell 1.45 per cent for the week.
Kotak Mahindra Bank: The private sector lender pipped Maruti Suzuki to storm into the club of top
10 firms by market capitalisation on BSE
Reliance Industries: The oil-to-telecom major reclaimed the pole position by becoming the most-valued company in terms of market
At Rs 7,14,668.54 crore in market capitalisation, the stock beat salt-to-software maker TCS (Rs 7,06,292.61 crore) in market value by the
end of the week.
ONGC, IOC and Oil India: Shares of IOC (up 1.16 per cent), ONGC (up 0.06 per cent) Oil India (down 0.20 per cent) ended
mixed for the week amid reports that the government was planning to offload shares worth $2 billion in the three companies to help meet this
