INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic equity benchmarks remained in the positive territory on Monday, treading the lines of Asian peers that made merry after
Hang Seng of Hong Kong jumped over 2 per cent each
Oil prices jumped over 5 per cent after the US-China truce, and ahead of an Opec meeting this week, where oil producers are expected to cut
supplies, Reuters reported.
Investors are holding their bets with an eye on RBI policy meet on December 5 and the assembly election outcome
With a tepid gain of 47 points or 0.13 per cent, Sensex closed at 36,241, with 21 stocks in the green and 10 in the red
Nifty settled at 10,883 with a nominal gain of 7 points, or 0.06 per cent
Among the 50 stocks in the index, 30 advanced and 20 declined.
Midcaps and smallcaps outperformed Sensex as the BSE Midcap index and
Smallcap index each closed 0.46 per cent higher
Let's walk you through the highlights of Monday's session:Sensex movers shakersYES Bank, Hindustan Unilever, Vedanta, NTPC and Bharti
Airtel emerged top gainers in the Sensex pack, rising between 2.98 per cent to 4.92 per cent
On the flip side, Sun Pharma, Mahindra Mahindra, ITC, Hero MotoCorp and Reliance Industries finished as top losers.
YES Bank jumps 5%Shares
of YES Bank closed 4.92 per cent higher at Rs 178 after the bank appointed TS Vijayan as an additional director
The appointment is subject to the approval of shareholders in the next general meeting of the bank.
Sun Pharma plunges 7%Shares of Sun
Pharma closed at Rs 455.30, down 7.52 per cent after reports that Sebi is likely to reopen an insider trading case against the company
Media reports suggested that a senior company executive had submitted a 150-page document to Sebi in September alleging insider trading by
the company through several foreign entities
Prabhat Dairy reboundsAfter plunging 17 per cent to plumb a 52-week low of Rs 77, shares of Prabhat Dairy rebounded and closed the day 0.86
Shares of the company had plunged on reports that Tata Sons had rejected a proposal for Tata Global Beverages to buy Prabhat Dairy for about
Rs 400 crore.
Jet Airways ends flatAfter climbing 3.34 per cent intraday on reports of revival steps, shares of the aviation company settled
absolutely flat at Rs 305.80 on BSE
Jet Airways, as pr an ET report, is reworking its international network, cutting down unviable flights and adding new ones where it hopes to
make money as the cash-strapped carrier tries to revive its fortunes while simultaneously seeking a cash infusion to keep itself afloat.
149
stocks touch 52-week lowsGeneral Insurance Corporation of India, ILFS Transportation Networks, Navkar Corporation, Rallis India, Shankara
Building Products, Sun Pharma Advanced Research Company and Time Technoplast featured among the 149 stocks that plumbed their 52-week lows
On the other hand, 42 stocks, including Adani Power, Apollo Hospitals Enterprise, Dr Reddy's Laboratories and Hindustan Unilever, hit
52-week highs on BSE.
233 stocks hit lower circuitAs many as 233 stocks, including Shankara Building Products, Kwality, ILFS Transportation
Networks, Powerhouse Gym Wellness, Gujarat Hy-Spin and Chemcrux Enterprises, hit their lower circuit on BSE
However, Edelweiss Financial Services, Vakrangee, 8K Miles Software Services, Intrasoft Technologies and Hind Syntex featured among the 173
stocks that hit their upper circuit on BSE.
Overbought oversold stocksMomentum oscillator Relative Strength Index, or RSI, showed 52 stocks
in the oversold zone on BSE
Among the oversold stocks were Jindal Stainless, Arvind, Punj Lloyd, Alchemist and Regency Investments
However, 37 stocks, including Adani Power, Dolat Investment, Electrosteel Steels, Innovative Ideals and Maestros Electronics appeared in the
overbought zone on BSE, as per the RSI.
77 stocks bullish on MACDTata Power, Reliance Communications, Wipro, NIIT and PTC India featured
among 77 stocks that showed bullish crossovers on BSE as per the momentum indicator moving average convergence divergence, or MACD
On the flip side, Canara Bank, Larsen Toubro, Century Textiles, Kriti Industries and Welspun Corp appeared among the 72 stocks that showed
bearish crossovers on BSE
Nifty forms small-bodied negative candleThe Nifty50 showed signs of fatigue as it formed a small bearish candle on the daily chart for the
Analysts have neutral to positive stance on the index, for now
A small bodied negative candle was formed on Monday at the new swing high of 10,940, which indicates a choppy trend for the market, said
Nagaraj Shetti, Technical Research Analyst at HDFC Securities.
GAIL, Hindalco above 200-DMAsGAIL, Hindalco, Adani Ports, NIIT Tech, Tata
Power, Jubilant Foodworks and V-Guard Industries were among the stocks that witnessed positive breakouts and traded above their 200-DMAs
On the other hand, HIL, Welspun India, Biocon, Deepak Nitrite and Page Industries featured among the stocks that traded below their
200-DMAs.
Call/put optionOn the options front, maximum Put open interest was at 10,000 followed by 10,500 while maximum Call OI was at
11,000 followed by 11,500
There was Call writing at 11,100 followed 11,500 while Put writing was seen at 10,500 followed by 11,000
The options band signified a broader trading range between 10,750 and 11,000 levels.
