F&O Check: Nifty 10,000 Put Option Most Active Contract On NSE
Nifty 10,000 strike price put option was the most active options
contract on the National Stock Exchange. As many as 7.23 lakh shares
were added in open interest which rose to over 39 lakh shares.
On the other hand, Nifty 10,400 strike price call was the most active
call options contract which saw addition of over 4 lakh shares to 21.67
lakh shares.
Kwality Slumps 35% In Three Sessions
Shares of the Delhi-based dairy products maker was locked in a 10
percent lower circuit at Rs 53.15 after the company informed stock
exchanges that a director and investor in the company informed it that a
registered broker F6 Finserve located in Gurugram fraudulently
offloaded some shares of the company.
Meanwhile, the investor is in the process of initiating legal proceedings and police complaint against the broker.
The shares of the company have fallen as much as 35 percent in the
last three trading sessions to hit its lowest level in 21 months.
Dilip Buildcon Surges After BofAML Initiates Coverage
Shares of the Bhopal-based road maker rose as much as 12 percent, the
most in over five months, to record high of Rs 1,124 after
international brokerage Bank of America Merrill Lynch initiated coverage
on the stock with a ‘buy’ for target price of Rs 1,244.
Karda Constructions Makes Weak Stock Market Debut
The Nashik-based construction company listed at a discount of 24.4
percent at Rs 136 per share on the National Stock Exchange, compared to
its issue price of Rs 180 apiece.
The stock fell as much as 28.2 percent to Rs 129.20 thereafter.
The construction company’s Rs 77.4 crore initial public offering was subscribed 2.44 times on the final day of bidding.
Sandhar Technologies Lists At 4% Premium On Stock Market Debut
Shares of the Gurugram-based auto parts maker rose 3.91 percent to
open at Rs 345 compared with its issue price of Rs 332 per share.
The stock rose as much as 5.42 percent to Rs 350.
Sandhar Technologies Ltd.’s Rs 512-crore initial public offering was subscribed 6.12 times on the final day of bidding.
Auto Stocks Gain On March Sales Numbers
Shares of auto makers were trading higher on the back of robust sales
numbers reported in March. Gauge of auto makers on the National stock
Exchange — NSE Nifty Auto index rose 1.2 percent led by Tata Motors and
Maruti Suzuki.
ICICI Bank Falls Most In Over 2 Months As SEBI Begins Enquiry In Loan To Videocon
Shares of the country’s leading private-sector lender fell as much as
4.6 percent, the most in over two months, to Rs 265.55, also its lowest
level since Oct. 2017.
Opening Bell
Indian equity benchmarks rose led by auto stocks like Tata Motors and
Maruti Suzuki after they ended financial year 2017-18 with a
double-digit sales growth.
However, the gains were capped as ICICI Bank fell after reports
alleged quid pro quo between Videocon Group and the bank’s Chief
Executive Officer Chanda Kochhar as well as her family members with
respect to extending a loan worth Rs 3,250 crore
The S&P BSE Sensex rose 0.26 percent or 75 points to 33,041 and
the NSE Nifty 50 index gained 0.4 percent or 42 points to 10,160.
Nine out of 11 sector gauges compiled by the National Stock Exchange
were trading higher led by the NSE Nifty Auto index’s 1.1 percent gain.
On the flipside, the NSE Nifty Private Bank index was the top sectoral
loser, down 0.4 percent.
Bajaj Auto Sales Rise 23% In March
The two-wheeler makers’ sales rose 22.8 percent to 3.34 lakh units versus 2.72 lakh units during the same period last year.
Money Market Heads Up!
Although markets are shut on Monday It will be a fairly big week for
bond traders with the Reserve Bank of India set to announce monetary
policy on Thursday.
The central bank is widely expected to hold rates but what investors
will be on the lookout is whether it retains its hawkish tone towards
inflation. The inflation rates have been edging lower, but that could be
temporary.
India’s benchmark 10-year sovereign bonds complete their first
monthly advance since July in March. Bulk of those gains came in one
day, after the government said it will sell less debt than the market
expected in the first half of the fiscal year starting April 1.
The 10-year yield finished at 7.40 percent on Wednesday, having dropped 33 basis points in March.
source by : bloombergquint
