NEW DELHI: Heavy selling in financials, FMCG and telecom stocks dragged the market lower on Monday.The 30-share pack of BSE lost 215 points, or 0.61 per cent, to end at 35,011, while NSEs Nifty50 index shed 68 points, or 0.63 per cent, to close at 10,628, with 15 constituents ending in the green and 35 in the red.
Heres a look at the top movers and shakers of Mondays session: - IDBI Bank slips on CEO exitShares of IDBI Bank dropped as much as 6.3 per cent on Monday to Rs 59.70, its lowest since May 21, after the government named IDBI Banks CEO Mahesh Kumar Jain as RBI deputy governor for three years.
Jains exit is negative for the stock, said Yuvraj Choudhary, an analyst at Anand Rathi Securities.
The stock ended 4.38 per cent lower at Rs 61.10 apiece on BSE.10-year bond yield hits 2-week highIndias 10-year benchmark bond yield rose to its highest in two weeks to 7.90 per cent, after NewsRise quoted a senior finance ministry official as saying that RBI might have to raise interest rates to keep inflation in check.
READ MORESpurt in open interestPC Jeweller witnessed the biggest spurt in open interest contracts at 42.01 per cent, followed by HDFC Bank (34.74 per cent) and Just Dial (21.97 per cent).
Most active stocksRCom (down 4.26 per cent), PC Jeweller (down 17 per cent) and GMR Infra (down 2.39 per cent) were the most active stocks in terms of volume while HDFC Bank (down 3 per cent), RIL (up 1 per cent) and YES Bank (up 0.07 per cent).DHFL raises over Rs 10K cr via NCDHousing financier DHFL has raised over Rs 10,944 crore through public issue of bonds which had open for subscription in May.
The public issue of non-convertible debentures (NCDs), which had opened on May 22, had an issue size of Rs 3,000 crore with an option to retain oversubscription of up to Rs 9,000 crore aggregating up to Rs 12,000 crore.
READ MOREStocks in oversold zoneTechnical indicator RSI (Relative Strength Index) signalled Manpasand Beverages, Atlanta and LT Foods are the stocks that have slipped into the oversold zone.Who moved my SensexHDFC Bank (down 3 per cent), ICICI Bank (down 1 per cent) and Hindustan Unilever (down nearly 2 per cent) contributed the most to the index fall.
HDFC, Kotak Mahindra Bank and SBI were the other major contributors.
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