NEW DELHI: Domestic stocks resumed decline on Thursday after a day of gains, as trade war tensions came back to haunt investors.
The SP BSE Sensex took a 115-point cut to end trading at 35,432, while NSEs Nifty50 slipped 31 points to settle below the 10,750 level at 10,741.Heres a look at the top movers and shakers of Thursdays session -Sebi cuts timeline for IPO price bandSebi chairman Ajay Tyagi on Thursday told a press conference that the timeline for announcement of IPO price band has been reduced to two days from five days earlier.
This apart, shareholding of foreign holding in Market Infrastructure Institutions (MIIs) has been harmonised at 15 per cent, Tyagi said.
READ MOREBulk deals lift Zee sharesShares of ZEE Entertainment ended half a per cent higher at Rs 563.80 apiece on BSE after 22 lakh shares changed hands in a block deal.
Infibeam Incorporation ended flat with a negative bias after 47.7 lakh shares were traded in four block deals on NSE and BSE at Rs 151-Rs 153.45 per share.Jubilant falls as Porinju lowers stakePorinju Veliyath-led Equity Intelligence India sold 98,910 equity shares of Jubilant Industries through open market on June 18, 2018.
Post this sale, the firms stake in the company fell from 3.04 per cent (3,62,662 equity shares) to 2.21 per cent (2,63,752 equity shares).
The stock slipped 4 per cent to close at Rs 171.10 on BSE.
IPO corner: RITES sailsThe initial public offering of RITES was subscribed 2.04 times till 4:45 pm.
Total bids received stood at 5,13,36,160 against the total issue size of 2,52,00,000 shares.
The issue of Fine Organic Industries was subscribed 38 per cent.
Total bids received stood at 20,56,427 shares against total issue size of 53,65,497 shares.
Spurt in open interestJubilant FoodWorks witnessed the biggest spurt in open interest at 146.12 per cent, followed by SRF (26.86 per cent) and Sun TV (19.48 per cent).MACD has bearish signal for NiftyTechnical indicator momentum indicator moving average convergence divergence, or MACD, showed bearish crossover for the Nifty50 index.
The MACD is known for signalling trend reversal in a traded security or index.Most active stocksJP Associates, ICICI Bank, IDFC Bank, CG Power and Punjab National Bank were the most active stocks in terms of volume while those of RIL, HDFC Bank and HDFC were the most active stocks in terms of value.