NEW DELHI: A no-confidence motion against the Modi government gave a 147-point jolt to the Sensex on Wednesday.A weaker rupee and mixed Asian markets also weighed on investor sentiment.
NSEs Nifty50 lost 28 points to settle at 10,980 while the 30-share pack of BSE shut shop at 36,373.Volatility index India Vix advanced 7 per cent to 13.68.Before you prepare for the next day, heres a quick recap of top movers and shakers of Wednesday's session - Cabinet hikes sugarcane FRPThe government has increased the sugarcane floor price for 2018-19 season by Rs 20 per quintal to Rs 275.
ALL tanks on new load normShares of the CV maker tanked 14 per cent on BSE following a weak demand commentary by the management in the wake of new axle load norms.
The company on Tuesday reported over three-fold jump in net profit at Rs 370.10 crore for June quarter.
The stock closed at Rs 110.60 apiece.
Bandhan Bank hits record highThe stock hit a record high of Rs 607.55 apiece on BSE after it reported a 47.5 per cent YoY growth in net profit at Rs 481.7 crore for the June quarter.
Net interest income (NII) went up 39 per cent to Rs 1,037 crore against Rs 743.48 crore in the year-ago period.
Shares settled at Rs 600.15 apiece.
Block deals fire up Future ConsumerShares of City Union Bank ended nearly 1 per cent lower after 14.1 lakh shares changed hands in a block deal.
ICICI Bank shed 1 per cent after 32.1 lakh shares traded in a block deal.
This apart, About 58 lakh shares of Future Consumer changed hands in six block deals.
The stock spurted 7 per cent to Rs 44.40 apiece on BSE.
Look, who moved my SensexHindustan Unilever (HUL), Axis Bank, Tata Steel, MM and ICICI Bank were the major contributors that dragged the index lower.
On the contrary, HDFC, ONGC and YES Bank batted for the bulls.
TCNS Clothing IPO moves at snails paceThe initial public offering (IPO) of the apparel company received a cold response from the investors as the issue was subscribed only 9 per cent till 3:30 pm.
The issue of 15,714,038 shares are being offered in the Rs 714-716 price band.
It aims to raise Rs 1,125-crore from the offer.
Spurt in open interestAshok Leyland witnessed the biggest spurt in open interest at 41.22 per cent, followed by NIIT Tech (29.71 per cent), Bharti Infratel (25.53 per cent) and Mindtree (21.25 per cent).
24 stocks in oversold zoneAs many as 24 stocks, including PC Jeweller, Kwality, Shree Renuka Sugars, Inox Leisure, Den Networks and Titagarh Wagons, have slipped into the oversold zone.
On the other hand, Cigniti Technologies and Excel Crop Care have entered the overbought territory, showed technical indicator RSI (relative strength index).