NEW DELHI: Domestic shares posted their first weekly loss in six weeks as the bears got better of the bulls on Dalal Street. On Friday, the S&P BSE Sensex shed 188 points, or 0.53 per cent, while the broader Nifty50 index of the National Stock Exchange (NSE) lost 61.40 points, or 0.57 per cent, to close at 10,618.
Here are the 10 quick notes from Fridays market you need to know:
Wipro hits 10-month low
Shares of the IT firm fell as much as 2.73 per cent to Rs 264.05, their lowest since July 14, 2017. The stock's 50-day exponential moving average (EMA) cuts below its 200-day EMA, which is seen as a bearish signal for the near-to-medium term. It also broke below a support at Rs 269, the 50 per cent Fibonacci retracement level of the uptrend from Nov 9, 2016 low to Jan 16, 2018 high, Reuters reported. The stock, eventually shut shop at Rs 270.20, down 0.46 per cent on NSE.
PC Jeweller bounces back
Now, that's called a smart comeback! PC Jeweller spiralled a good 44 per cent in the trade to close the session at 174.55 apiece. The stock picked up momentum on Thursday after the company said the news report about arrest of PC Jeweller owner is factually incorrect. READ MORE
Spurt in open interest
Hexaware witnessed the biggest spike in open interest at 109.82 per cent, followed by NIIT Tech (70.22 per cent) and ICICI Pru Life (31.83 per cent).
BSE profit grows 6%
Leading stock exchange BSE on Friday posted 5.81 per cent quarter-on-quarter rise in consolidated profit at Rs 62.08 crore for the quarter ended March 31, 2018. It had posted a net profit of Rs 58.67 crore in the sequential quarter ended December 31, 2017. Consolidated revenue of the exchange increased 8.70 per cent to Rs 136.57 crore in Q4FY18 over Rs 125.70 crore in Q3FY18. The stock ended flat at Rs 817.30 apiece, down just 0.01 per cent. READ MORE
F&O trading till midnight
Markets regulator Securities Exchange Board of India (Sebi) has allowed domestic stock exchanges to extend their timing for equity derivatives trading till 11.55 pm with effect from October 1, 2018. The move is seen as a bid to integrate various segments of securities markets at the exchanges level, the markets watchdog said. READ MORE
HDFC MF IPO is on hold
Sebi has put HDFC Asset Management Company's proposed IPO in abeyance "for examination of past violations," the latest update with the markets regulator showed. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The fund house had filed preliminary papers with Sebi in March, seeking approval to float an initial public offering. READ MORE
PVR slips on Q4 numbers
Multiplex chain operator PVR on Friday reported a consolidated net profit of Rs 26.20 crore for the fourth quarter ended March 2018. The company had reported a net loss of Rs 5 lakh for the January-March quarter of the previous fiscal. The stock settled 2 per cent lower at Rs 1,422.05 apiece on BSE. READ MORE
Flipkart-Walmart deal done?
The board of Flipkart Online Services has approved an agreement to sell about 75 per cent of the company to a Walmart-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the American retailer on international expansion. READ MORE
Services activity improves
Indias service sector continued to improve at the start of 2018-19 with business activity rising at a faster pace, supported by new order growth, a private survey showed on Friday. The Nikkei Services Purchasing Managers' Index, compiled by IHS Markit, rose to 51.4 last month from March's 50.3, above the 50-point mark that separates growth from contraction. READ MORE
Tweet of the day
SEBI allows extension of market hours to 11:55 PM for equity derivatives. No extension of timings for Equity market… https://t.co/g8TwAmll8J
— Jimeet Modi (@jimeetm) 1525429573000
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