ETMarkets After Hours: Over 20 stocks hit fresh 52-week high, Bharti Infratel surges 6%
NEW DEHI: The benchmark equity indices ended a dull session with meagre losses on Friday following weakness in Asian markets. The 30-share BSE Sensex closed 7.34 points, or 0.03 per cent, down at 28,832, while NSE’s Nifty50 index settled 7.34 points, or 0.03 per cent, down at 28,832.
The market was also cautious on the news of the GST Council fixing peak goods and services tax (GST) rate at 40 per cent in the legislation instead of 28 per cent as it offers enough space to change its structure in future without Parliament’s approval.
Here’s a look at the stocks and sectors that hogged limelight on Friday:
Left in the lurch: Shares of Apollo Hospitals declined over 5 per cent on NSE after Malaysian fund Integrated Healthcare Holdings sold more than 6 per cent stake in the healthcare company. The scrip closed 5.31 per cent down at Rs 1,246.
Foreign push: Global brokerages such as CLSA and BofA-ML raised Reliance Industries (RIL) 12-month target price by 10-14 per cent when compared with their previous price target after the analyst meet. The scrip closed 2.04 per cent up at Rs 1,258.
Time to buy: Shares of Bharti Infratel surged over 6 per cent on Friday after the global brokerage house CLSA upgraded the stock to ‘buy’ from ‘outperform’ with a target price of Rs 356.
New 52-week highs: Over 20 stocks on NSE hit their fresh 52-week in Friday’s trade. The list includes stocks such as Kwality Limited, Mawana Sugars, Reliance Industries, Rain Industries, Sundaram Fasteners, VKS Projects and Trident.
Sectorwise: Among the sectoral indices on BSE, the BSE Telecom index advanced 1.21 per cent, followed by Oil & Gas (up 1.12 per cent), Realty (up 0.86 per cent), TECk (up 0.74 per cent) and Metal (up 0.69 per cent) indices. On the other hand, FMCG, Bankex and Auto indices dipped 0.39 per cent, 0.26 per cent and 0.23 per cent, respectively.
Midcaps and smallcaps outperformed: Midcap and smallcap stocks outpaced the benchmark equity index. The BSE Smallcap and Midcap indices closed higher 0.33 per cent and 0.27 per cent, respectively, on Friday. In the smallcap space, Dhampur Sugar advanced 12.28 per cent, followed by ITI (up 11.21 per cent) and Dalmia Bharat Sugar (9.41 per cent). Central Bank (up 4.24 per cent) and Biocon (up 3.88 per cent) stood among top gainers in the BSE Midcap index.
Spurt in OI: Stock futures of Apollo Hospitals saw the biggest jump in open interest (OI) at 57.57 per cent. It was followed by Sintex (up 25.66 per cent) and BPCL (up 24.85 per cent).
Most active securities: JP Associates emerged as the most active stock in terms of traded volume on NSE on Friday. It was followed by Hindalco, GMR Infra, Unitech and Suzlon.
The market was also cautious on the news of the GST Council fixing peak goods and services tax (GST) rate at 40 per cent in the legislation instead of 28 per cent as it offers enough space to change its structure in future without Parliament’s approval.
Here’s a look at the stocks and sectors that hogged limelight on Friday:
Left in the lurch: Shares of Apollo Hospitals declined over 5 per cent on NSE after Malaysian fund Integrated Healthcare Holdings sold more than 6 per cent stake in the healthcare company. The scrip closed 5.31 per cent down at Rs 1,246.
Foreign push: Global brokerages such as CLSA and BofA-ML raised Reliance Industries (RIL) 12-month target price by 10-14 per cent when compared with their previous price target after the analyst meet. The scrip closed 2.04 per cent up at Rs 1,258.
Time to buy: Shares of Bharti Infratel surged over 6 per cent on Friday after the global brokerage house CLSA upgraded the stock to ‘buy’ from ‘outperform’ with a target price of Rs 356.
New 52-week highs: Over 20 stocks on NSE hit their fresh 52-week in Friday’s trade. The list includes stocks such as Kwality Limited, Mawana Sugars, Reliance Industries, Rain Industries, Sundaram Fasteners, VKS Projects and Trident.
Sectorwise: Among the sectoral indices on BSE, the BSE Telecom index advanced 1.21 per cent, followed by Oil & Gas (up 1.12 per cent), Realty (up 0.86 per cent), TECk (up 0.74 per cent) and Metal (up 0.69 per cent) indices. On the other hand, FMCG, Bankex and Auto indices dipped 0.39 per cent, 0.26 per cent and 0.23 per cent, respectively.
Midcaps and smallcaps outperformed: Midcap and smallcap stocks outpaced the benchmark equity index. The BSE Smallcap and Midcap indices closed higher 0.33 per cent and 0.27 per cent, respectively, on Friday. In the smallcap space, Dhampur Sugar advanced 12.28 per cent, followed by ITI (up 11.21 per cent) and Dalmia Bharat Sugar (9.41 per cent). Central Bank (up 4.24 per cent) and Biocon (up 3.88 per cent) stood among top gainers in the BSE Midcap index.
Spurt in OI: Stock futures of Apollo Hospitals saw the biggest jump in open interest (OI) at 57.57 per cent. It was followed by Sintex (up 25.66 per cent) and BPCL (up 24.85 per cent).
Most active securities: JP Associates emerged as the most active stock in terms of traded volume on NSE on Friday. It was followed by Hindalco, GMR Infra, Unitech and Suzlon.
