On Friday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 676 stocks advanced, 1,406 declined, and 52 remained unchanged with advance decline ratio of 0.48.
The trend of the major indices on Friday’s trading are given in the table below:
On NSE, only four stocks advanced and closed at new 52 week high whereas a whopping 395 stocks sunk to close at their new 52-week lows. In sectorial indices Nifty Private Bank and Nifty Bank were the biggest gainers whereas Nifty Oil& Gas and Nifty Pharma were the biggest losers. The broader market indices underperformed their larger peers with BSE Midcap and BSE Small cap closing 0.69% and 0.88% down respectively.
Bank of Japan in its Monetary Policy kept the rate unchanged, maintained policy balance rate at -0.1% and 10-year Japan Government Bond yield target at 0%. Swiss National Bank has taken a 50-bps hike for the first time since 2007. RBI has lifted restriction imposed on Mastercard Asia; it will now be able to onboard new customers.
Delta Corp closed 13% higher after the company filed DRHP for IPO of its gaming arm ‘Deltatech Gaming’. Goa Government has notified its planned resort area as ‘investment promotion area’ at Pernem. Around 2.47% (66.4 lakh shares) worth Rs 11.2 crore changed hands at Rs 167.50 crore.
According to news reports Carlyle Group is looking to buy 10% stake in Yes Bank using convertible debt.
PVR expanded its business and opened a 4-screen multiplex in Patiala. The stock closed 2% down.
Ahluwalia Contracts closed in red after winning order worth Rs504 crore. Ratanmani Metals and Tubes closed 4% down after company bagged order worth Rs 203 crore.
HDFC Life closed 3% down after approving fund raise of up to Rs350 crore using NCDs (non-convertible debentures).
Gland Pharma closed 3% down after 0.60% (10 lakh shares) worth Rs 259 crore changed hands.
LIC touched fresh a low down by 2%. Delhivery closed 4.5% down after announcing ‘guaranteed’ same day delivery across 15 cities in India. The stock closed at Rs 470 per share, below its listing price of Rs 495 per share.
PayTM (One 97 Communications) closed 5% higher after its MD Vijay Shekhar purchased shares worth 11 crore in late May. He was not allowed to buy shares for at least six months after IPO as he was one of the selling shareholders.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: