Market Movers: RITES falls as OFS sails, Axis Bank gains; buy signals in 25 stocks

INSUBCONTINENT EXCLUSIVE:
fully subscribed within hours. Axis Bank gained after the lender appointed a new chief financial officer
It was among the biggest gainers on the 30-share pack Sensex
to track developments on coronavirus and exhibit volatility in the near term
The announcement of GDP data on Friday will be a key domestic cue, and will be watched actively by market participants
said it has partnered with Motomundo SA, a business group in Honduras, for sales and service of its products in the Central American nation
Shares of the company closed 0.13 per cent higher at Rs 436
New CFO gives Axis Bank a liftAxis Bank said its board has approved the appointment of Puneet Sharma as Chief Financial Officer (CFO)
Shares of the private lender gained 1.17 per cent to Rs 738.30. Glenmark falls after Hikma pactGlenmark Pharmaceuticals said it has entered
an exclusive licensing agreement with Hikma Pharmaceuticals for commercialising its novel nasal spray Ryaltris in the US
Shares of the drugmaker closed 0.74 per cent lower at Rs 293.80. RITES slumps as OFS opensShares of RITES crashed 5.91 per cent to Rs 299.25
The non-retail quota of the issue got fully subscribed on Day 1
The retail portion will open on Friday. Biocon gets observationsBiocon shares recovered losses to close 0.17 per cent up at Rs 299.20 the US
upper circuitShares of Lasa Supergenerics hit the upper circuit limit to touch a 52-week high after the company announced it has acquired
Harishree Aromatics Chemical
The stock ended the day at Rs 47.50, up 4.97 per cent. Most active stocksReliance Industries was the most active stock in terms of value of
transactions, followed by SBI, ICICI Bank, HDFC Bank and Indiabulls Housing Finance
In terms of volume of transactions, Vodafone Idea topped the table, followed by YES Bank, Tata Motors, SBI and Ashok Leyland. Who moved my
SBI, Infosys and TCS were other major culprits as they together shaved off 62 points. 294 stocks at 52-week lowsNearly 300 stocks kissed
their year-lows during the trade
The include marquee names like ACC, Bandhan Bank, BOB, BHEL, Hero Moto, IndusInd Bank, Indian Oil, L-T, Indian Bank and Hindalco. 25 stocks
They include Power Grid Corporation, NLC India, Max India, BASF India, Sanghi Industries, Heidelberg Cement, TTK Healthcare and Everest
Organics.