Market closes with declines

Sensex ends down

Mumbai- On the first day of the week, markets were closed down due to the ups and downs of the day. Sensex and Nifty have lost 0.5 percent. In the trading, the Nifty knocks up to 10,408.5 while the Sensex reached level of 34,748.7. BSE’s 30-share index Sensex closed at 181 points i.e. 0.5 percent, at 34,134 level. On the other hand, NSE’s 50-share index Nifty closed at 588, which is 0.6 percent, at 10,245 level.

Selling in banking, realty, metal, media, IT, consumer durables, capital goods and oil and gas stocks has put pressure on the market. The Nifty closed flat at 25,078 level. In today’s turnover the bank nifty reached 25,505. Selling in mid-caps and smallcap stocks has also been seen. The BSE mid-cap index has dropped 0.7 percent, while the Nifty mid-cap index 100 has a weakness of 1.25 percent. BSE’s smallcap index closed 2 percent lower.

IndusInd Bank, BPCL, UltraTech Cement, Reliance Industries, Bajaj Finserv, Yes Bank, ONGC and Asian Paints have been closed down by 8.5-3% in the giants. However, in the giants, Indiabulls Housing, Eicher Motors, ICICI Bank, HCL Tech, NTPC, Bajaj Auto, HDFC Bank and Bharti Airtel climbed 9.1-1.3 per cent.

In mid-cap stocks, RBL Bank, Max Financial, Kansai Nerolac and Crisil have closed down by 7-4.7 per cent. However, in the midcap stocks, Muthoot Finance, Indian Hotels, Oberoi Realty and Torrent Pharma have climbed up to 5.9-3 per cent.

Infibeam, Bhansali Engineering, Persistent, Balaji Amines and Diwan Housing have broken down to 26.5-10.3% in smallcap stocks. However, in the smallcap stocks, Sanghvi Movers, Purvankara, Muthoot Finance, The Bike Hospitality and Galacton Steel have been strengthened by 8.2-5 per cent.

Yas Bank’s MD to be appointed till December

stock market news

 

Mumbai- Yes Bank’s Managing Director is likely to be appointed by the end of December this year. The Reserve Bank of India has not approved the term of the mid-size private sector bank’s head Rana Kapoor.

On the other hand, the board of directors of Yes Bank has recommended withdrawal of bonuses announced for Rana Kapoor in the financial year 2015 and 2016. The Board has recommended that no bonus be given to Kapoor for the financial year 2017 and 2018 and for him no proposal of any dividend for the financial year 2019 is also proposed. The recommendation from the bank’s board will be sent to the Reserve Bank of India. However, it is not yet decided whether Rana Kapoor will remain in the board of the bank even after leaving YES Bank. This is yet to be decided. Yes Bank started with Rana Kapoor in 2004 with Ashok Kapoor.

Let us know that in September this year, the Reserve Bank of India had asked YES Bank to end the tenure of the MD and CEO of Kapoor till January 31, 2019. However, the bank appealed to increase the tenure of Kapoor for three years. The Reserve Bank of India had refused to increase Kapoor’s tenure due to the diversions of Rs 10,531 crore. YES Bank has expressed hope of appointing new MD till December 15. For this, he has appointed American consulting firm Corn Ferry, who can recommend appointment to people outside the bank. However, for this post at Yes Bank, only Rajat Monga is the claimant who is the senior group chairman.

Housing Financers disappointed investors

stock market news

Mumbai-Housing Finance Company Housing Financers’ stock of Jaipur, the issue price of the issue on the National Stock Exchange, was listed at Rs 750 with a fall of 9.46 per cent against Rs 821. On the BSE, the stock was listed at Rs 758 with a 7.67% discount. An IPO of Rs 1,734 crore was open from September 25-27, and its value ranges from 818 to 821 rupees per share.

The company’s IPO was 97 percent filled in three days. The company issued fresh shares of Rs 400 crore in the issue. The existing shareholder of the company had offered to sell shares worth Rs 1,334 crore for its stake. Global Co-ordinators Book Running Lead Managers were Merchant Bankers of ICICI Securities, Citigroup Global Markets India, IDLV Financial Financial Services and Spark Capital Advisors (India) Issues.

The company provides retail housing finance for the semi-urban and rural areas for low and middle income people. The company has 186 branches in 92 districts of 8 states. The company wants to move its number across 300 in the next three years. The company’s headquarter is in Jaipur. Apart from Rajasthan, the company is active in Gujarat, Maharashtra, Haryana, Madhya Pradesh, Uttarakhand and National Capital Region. The company’s asset quality is superb.

Higher Delivery Quantity (05/10/2018)

SingleDataSeriesExample_01
NAME DELV QTY AVG QTY CLOSE
GRINDWELL 269330 14647 497.45
SUNDREAMFAST 1013345 105882 514.80
JYOTHYLAB 693795 85454 195.05
GET&D 205738 26732 258.75
FINPIPE 81270 10848 521.85
TIFIN 325699 55048 517.35
BLUEDART 11126 2067 2892.25
THYROCARE 135868 27039 664.95
OFSS 89061 22335 4019.90

Sensex closes with decline

Sensex

Mumbai- The decline in the market is not taking the name of the stoppage. Sensex and Nifty closed more than 0.5 percent. The BSE 30-share index Sensex has closed 218 points, or 0.6 percent, at 36,324 level. On the other hand, NSE’s 50-share index Nifty closed 76 points, i.e. 0.7 percent at 10,977.5.

Mid-cap and smallcap stocks have seen strong sales. BSE’s mid-cap index closed at a level of 15,005, down by 2.2 percent. Nifty’s mid-caps 100 index dropped 2.3 percent to close at 17,510 levels. BSE’s smallcap index closed at a level of 14,940 with 2% weakness.

Banking, pharma, metal, media, auto, capital goods, consumer durables, power and oil and gas stocks have shown the most pressing pressure. Bank Nifty closed 1.3 percent down at 25,042. However, shopping in IT stocks has been seen.

Yas Bank, Indiabulls Housing, Bajaj Finance, Bajaj Finserv, Maruti Suzuki, Tata Motors, Axis Bank and ONGC were closed down by 9.2-2.5 per cent in the giants. However, Bharti Infratel, TCS, Coal India, UltraTech Cement, Infosys, Adani Ports and Power Grid climbed 2.5-0.9 per cent in the giants.

Among the mid-cap stocks, Reliance Capital, Piramal Enterprises, Max Financial and Indian Bank have slipped down 8-5.8 per cent. However, Adani Enterprises, Apollo Hospital, Aditya Birla Fashions and CG Consumer have been jumping up to 4-2% in mid-cap stocks.

Shrei Infra, Om Metals, Indiabulls Real Estate, Edelweiss and Indo Tech Trans-Crack in Smallcap Shares have been broken by 17-8.8 per cent. However, in smallcap stocks, Likaa Labs, Prestige Estate, Electrosteel, Future Enterprises Dvar and MEP Infra closed up to 9.4-6.9 per cent.

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