Markets

After Hours: Indostars dream debut, 278 [email protected] lows and other stories

NEW DELHI: Karnatakas political situation and rising crude prices continued to spook investor sentiment for the fifth session in a row on Monday. The S&P BSE Sensex slipped 232 points, or 0.67 per cent, to close at 34,616 while the broader Nifty50 index of the National Stock Exchange (NSE) lost 80 points, or 0.75 per cent, to settle at 10,516.

Here's a look at the top movers & shakers of the session:

Key Sensex movers
HDFC (down 2 per cent), HDFC Bank (down 1 per cent) and Kotak Mahindra Bank (down 1.57 per cent) contributed the most to the index fall.

278 [email protected] lows
As many as 278 securities hit their fresh 52-week lows in today's trade. Notable among them included Aditya Birla Capital, ABG Shipyard and Alok Industries. On the contrary, 12 stocks hit 52-week high.

52-week-lows (2)

New kid on the block
Non-banking finance company Indostar Capital Finance got listed at Rs 600, a 5 per cent premium to the issue price of Rs 572. On BSE too, the scrip was listed at Rs 600. At close, the stock stood at Rs 585 apiece, up 2.27 per cent.

IndoStar

Overbought/oversold stocks
Technical indicator RSI (Relative Strength Index) showed Jet Airways (down 4 per cent), Strides Shasun (down 12 per cent) and Kitex Garments (down 19 per cent) have slipped into oversold zone while Orient Press (up 1.46 per cent) remains in overbought territory.

RSI (2)

Spurt in open interest
Colgate (Palmolive) India witnessed the biggest spurt in open interest at 81.39 per cent, followed by Strides Shasun (29.61 per cent) and Ashok Leyland (29.13 per cent).

Open-Interest (21)


Most active stocks
Reliance Communications (down 13 per cent), JP Associates (down 19 per cent) and Ashok Leyland (down 9.50 per cent) were the most active stocks in terms of volume. Maruti Suzuki (down 1 per cent), ICICI Bank (up 1.12 per cent) and TCS (up 1.56 per cent) were most active in terms of value.

Most-active-stocks (2)

NSE to delist Kingfisher from May 30
Leading stock exchange NSE has decided to delist Vijay Mallya-promoted Kingfisher Airlines and Plethico Pharmaceuticals and 16 other companies from May 30. READ MORE

Colgate slips post Q4 nos
Colgate Palmolive on Monday posted 32.36 per cent year-on-year rise in profit at Rs 188.77 crore for the quarter ended March 31. It had reported a profit of Rs 142.58 crore in the corresponding quarter last year. However, the stock ended 1.30 per cent lower at Rs 1,207.50 apiece on BSE. READ MORE

Colgate-Palm

Moody's junks PNB ratings
Global rating agency Moody's Investors Service has downgraded the local and foreign currency deposit rating of Punjab National Bank to junk. With this, the rating has been slashed to Ba1/NP from Baa3/P-3. Also, it has downgraded the bank's baseline credit assessment (BCA) and Adjusted BCA to b1 from ba3. READ MORE

PNB--

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