
The National Stock Exchange of India building at Bandra Kurla Complex, Mumbai. (Source: NSE’s verified twitter handle)
Live: Sensex, Nifty Off Day’s High; Titan, TCS Down 2%
Stock Update: Hexaware Technologies
- Top gainer on the Nifty I.T. index
- Gains for the second day in a row
- Up 15 percent in the last two sessions
- Volumes are 1.4 times higher than its 30-day average
- Trades at 11 times estimated forward earnings per share as against 13 times for peers
- Up 25 percent from 52-week low of Rs 202 made on March 23, 2020
- 14 out of the 26 analysts tracking the stock have a buy recommendation, two have a sell rating
- Return potential for the stock as per Bloomberg data is 33 percent.
Stock Update: Bharat Forge
- Gained as much as 20 percent to Rs 261 in today's trade
- Snaps six-day losing streak
- Fell 23 percent during the six-day losing streak
- Gains on heavy volumes
- Volumes at 3.9 times higher than its 30-day average
- Trades at 16x estimated forward earnings per shares
- 13 out of the 32 analysts tracking the stock have a buy recommendation while 10 have a sell call
- Return potential for the stock as per Bloomberg data is 65 percent
- Currently trades 53 percent below its 52-week high of Rs 533.9 made on January 16, 2020
Stock Update: DCM Shriram
In a notification to the exchanges, the company has informed that the production at its Caustic Soda plant at Bharuch will begin on April 9, 2020 at 10 percent of their full capacity.
The filing also adds that the company's Fertiliser plant at Kota will be operational starting today. Production will gradually be increased depending on the market situation and government directives, the company said.
Shares rose for the second straight day, rising as much as 9.9 percent to Rs 228.20.
Stock Update: Bandhan Bank
- Gains as much as 16 percent to Rs 193.90
- Snaps five-day losing streak
- Had fallen 33 percent in the last five sessions
- Top gainer on the Nifty Bank index
- Gains on heavy volumes
- Volumes at 4.1 times higher than its 30-day average
- 15 out of the 20 analysts tracking the stock have a 'buy' recommendation
- Return potential of the stock as per Bloomberg data at 137 percent
- Has rebounded 29 percent from 52-week low of Rs 152.2 made on March 25, 2020
F&O Snapshot: Active Options Contracts
- Nifty April futures add 9.9 percent in open interest and 9.5 lakh shares
- Nifty Bank April futures add 9 percent in open interest and 89,260 shares
Nifty: April 9 Expiry
- 9,000 Call: Premium rises 112.5 percent to Rs 179.85. The contract has added 25,650 shares in open interest.
- 8,500 Put: Premium falls 52.34 percent to Rs 28. The contract has added 5.4 lakh shares in open interest.
- 9,200 Call: Premium rises 210.4 percent to Rs 106. The contract has added 3 lakh shares in open interest.
Nifty Bank: April 9 Expiry
- 20,000 Call: Premium rises 247 percent to Rs 493. The contract has added 24,760 shares in open interest.
- 19,500 Call: Premium rises 152 percent to Rs 737. The contract has shed 21,720 shares in open interest.
- 18,000 Put: Premium falls 65 percent to Rs 59.20. The contract has added 1.2 lakh shares in open interest.