Sensex, Nifty Halt Four-Week Winning Streak; Adani Stocks Pummeled – BloombergQuint

Closing Bell

Indian equity benchmarks snapped a four week winning streak as investors took a break from a record rally amid indications that the U.S. Fed will speed up the pace of policy reversal.

The S&P BSE Sensex fell 0.3% this week and closed little changed at 52,344.45 on Friday, while the NSE Nifty 50 Index slipped 0.1%. State Bank of India was among the biggest drags on both measures. Of 30 shares in the Sensex index, 12 rose and 18 fell. Sixteen of the 19 sector indexes compiled by BSE Ltd. tumbled, led by a gauge of power stocks.

Sensex, Nifty Halt Four-Week Winning Streak; Adani Stocks Pummeled

India’s stocks have risen to records during the week, with the Sensex gaining 9.6% this year compared with an advance of about 4% for the MSCI AC Asia Pacific Index. Foreign buying has buoyed the nation’s gauges, along with an extended period of low interest rates in the U.S. that has diverted inflows into riskier emerging markets like India.

FMCG Stocks Buck The Trend

Sensex, Nifty Halt Four-Week Winning Streak; Adani Stocks Pummeled

Eveready Industries Q4 Net Loss Rs 443 Crore

Eveready Indus reported net loss for the fourth quarter of Rs 443 crore vs. profit Rs 63 crore YoY.

  • Revenue Rs 273 crore, +22% YoY

  • Total costs Rs 250 crore, +14% YoY

  • Q4 Includes Rs 630 crore one-time loss

  • Q4 tax gain Rs 195 crore

Dodla Dairy, KIMS IPO Subscription Updates: Day 3

Krishna Institute of Medical Sciences IPO: Day 3

The maiden offer by the General Atlantic-backed hospital chain subscribed 0.74 times as of 1:40 p.m.

KIMS is selling shares at Rs 815-825 apiece. The company plans to raise up to Rs 2,144 crore through the IPO.

Subscription Details

  • Institutional subscription: 1.16 times.

  • Non-institutional investor subscription: 0.27 times.

  • Retail subscription: 2.46 times.

  • Employees: 0.87 times.

Dodla Dairy IPO: Day 2

The issue was subscribed 6.36 times as of 1:40pm. Dodla Dairy is selling shares at Rs 421-428 in its Rs 520-crore IPO.

Subscription Details:

  • Institutional subscription: 10.14 times.

  • Non-institutional investor subscription: 42.17 times.

  • Retail subscription: 8.83 times.

  • Employees: 0.00 times.

Bajaj Auto, Coal India, NTPC, Power Grid in Focus: Options Watch

  • Power Grid options volume 2.4x the 20-day average, with 19,992 calls changing hands vs 6,232 puts

    • Stock down 3.2%, volume 1.5x the 20-day average for this time of day

  • Bajaj Auto options volume 2.4x the average, with 13,906 calls vs 2,501 puts

    • Stock up 1.6%, volume 0.9x the average

  • Hindustan Unilever options volume 2x the average, with 34,993 calls vs 13,023 puts

    • Stock up 1.6%, volume 1.2x the average

  • NTPC options volume 1.7x the average, with 21,467 calls vs 5,173 puts

    • Stock down 2.8%, volume 0.9x the average

  • Tata Consultancy options volume 1.6x the average, with 51,804 calls vs 17,842 puts

    • Stock up 0.1%, volume 0.8x the average

  • Coal India options volume 1.6x the average, with 25,077 calls vs 7,599 puts

    • Stock down 3.5%, volume 0.8x the average

Market Update: Sensex, Nifty Slide; Broader Market Underperforms

Ashok Leyland Shares Drop As Credit Suisse Downgrades Rating

Rupee Bonds Mixed Ahead Of Rs 32,000 Crore Auction, Minutes

Metal Index Drops The Most In Over A Month

Reliance Power 9.79 Milion Share Block Trades At Rs 15.85

Nazara Technologies Slips After CLSA’s Sell Call

Some Adani Stocks Drop By Daily Limit For Fifth Session

SBI Cards Shares Slump After Large Trades

Opening Bell: Sensex, Nifty Swing Amid Mixed Asia Trading

Rupee Bond Traders Await Sale Of Rs 32,000 Crore Of Debt

India Pesticides Sets Rs 290-296/Share Range For Rs 800 Crore IPO

SGX Nifty Climbs As Asia Stocks Drift; GMR Infra, Natco Pharma In Focus