INSUBCONTINENT EXCLUSIVE:
Domestic stocks may have paused to catch their breath, but the weekly reading offers a pretty picture
It turned out to be the third weekly gain.
The upcoming G7 meeting is firmly on investors' radar
Plus, the Trump-Kim summit in Singapore on June 12 is making them play with care
What is eating away their confidence, however, is the US slapping tariffs on a wide range of imports from allies like the EU and
Canada.
Healthcare counters buzzed big time following a string of USFDA approvals for Indian drugmakers.
For the week gone by, the BSE
Sensex rose 0.61 per cent to 35,444 against 35,227.30 on June 1
The NSE Nifty added 0.67 per cent at 10,767.70, from 10,696.20, during the same period.
Here are the stocks and sectors that made
news.
Avanti FeedsShrimp exporter Avanti Feeds rallied 18 per cent during the week to June 8
The scrip jumped to Rs 1,825.60 on Friday, from Rs 1,543.40 on June 1
Managing Director Indra Kumar told ETNow that shrimp demand has normalised and the company has order for the next 6 months
That apparently sparked a turnaround in fortunes
There is nothing to worry about the business side
Top gainers Himachal Futuristic Communications (up 19.68 per cent), Avanti Feeds (18.29 per cent), Unitech (17.19 per cent), Allahabad Bank
(15 per cent) and Caplin Point Labs (11.78 per cent) stole the show
They stood among top gainers in the BSE 500 index this week.
Top losersKwality (down 26.32 per cent), JBF Industries (22.48 per cent),
Manpasand Beverages (16.42 per cent) and HDIL (12.84 per cent) struggled to catch up and were among top laggards of the week.
Sectoral
updateThe BSE Healthcare index jumped 3.70 per cent for the week ended Friday
Metal (up 2.58 per cent), oil (2.13 per cent), IT (1.73 per cent) and technology (1.66 per cent) had a good story to tell
On the other hand, power, capital goods, consumer durables and bankex declined between 0.60-1.75 per cent.
Sun shinesSun Pharmaceuticals had
its sunny side up on Friday as the US health regulator did not recommend any action against the company's Halol plant in Gujarat
The scrip closed 8.13 per cent up at Rs 528.20.
@fresh all-time highAs many as nine stocks on the BSE 500 index scaled fresh life-time high
They included HDFC Bank, Nestle India, KPIT Technologies, Varun Beverages, Biocon, JSW Steel, VIP Industries, Gruh Finance and Bajaj Finance
@fresh all-time lowsNarayana Hrudayalaya, Housing Urban Development Corporation, Advanced Enzyme Technologies, Inox Wind, HDIL, Navkar
Corporation, IDFC Bank, Adani Power and ILFS Transportation plumbed their new lows during the week.
Jindal Steel and PowerJindal Steel and
Power (JSPL) rallied over 6 per cent to Rs 240.80 on June 8 against Rs 227 on June 1
During Q4 FY18, production of pellets increased by 15 per cent YoY to 1.84 mt and the company achieved external sales of pellets of 0.74
which is seen to benefit 5 crore sugarcane farmers
The government fixed minimum selling price for sugar at Rs 29 per kg
The average ex-mill price of sugar is in the range of Rs 25.60-26.22 per kg
That's below cost of production
For the week ended June 8, Bajaj Hindusthan declined 2.71 per cent, followed by Balrampur Chini (down 6.43 per cent) and EID Parry (3.73
Shree Renuka Sugars settled 0.63 per cent higher at Rs 16.10 for the week.
