INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Global cues, a free fall in the rupee and weakening macros dragged the domestic equity benchmarks lower on Wednesday
The SP BSE Sensex slipped 0.88 per cent, or 306 points, to 34,345
meltsShares of Vedanta fell to their lowest level since July 5, 2017 in the intraday trade after at least nine people were killed in Tamil
Nadu when police fired at violent protesters calling for the closure of a copper smelter run by Vedanta Resources
The stock ended at Rs 252.70 apiece on BSE, down 6.23 per cent.
Tata Motors disappoints with Q4 nosAuto major Tata Motors reported a 49.20
per cent YoY drop in consolidated profit at Rs 2,176.16 crore for the March quarter, which was way short of the Rs 4,030 crore profit
estimated by analysts in an ET Now poll
Shares of the company ended 0.49 per cent higher at Rs 309.25 apiece on BSE
READ MORESpurt in open interestBPCL witnessed the biggest spurt in open interest at 23.18 per cent, followed by Tata Steel (20.95 per cent)
and Indraprastha Gas (20.70 per cent)
Who moved my SensexHDFC Bank (down 1.22 per cent), Reliance Industries (down 1.58 per cent) and ITC (nearly 2 per cent) contributed the
most to 306-point fall in the index
Other contributors included HDFC (down 1.43 per cent) and Tata Steel (down 7 per cent).
Overbought/oversold stocksTechnical indicator RSI
(Relative Strength Index) showed Vinati Organics (up 0.56 per cent) has entered the overbought zone while KSK Energy Ventures (down 4.60 per
cent), Rural Electrification Corporation (down 0.69 per cent) and IVRCL were among the stocks that slipped into the oversold
territory.
Bearish crossover for NiftyTechnical indicator MACD or moving average convergence divergence showed bearish crossover on Nifty
When the MACD slips below the signal line, it gives a bearish signal on the charts, indicating that the price of the security/index may
experience a downward trend or vice-versa.
Most active stocksReliance Communications (down 1 per cent), SBI (up 4 per cent) and JP
Associates (down 3.54 per cent) were the most active stocks in terms of volume while Strides Shasun (up 3 per cent), Tata Steel (down 6 per
cent) and PC Jeweller (up nearly 3 per cent) were most active in terms of value
