After Market: Goa Carbon, Venky’s hit circuits, insider trade in Blue Star

NEW DELHI: The bears defeated the bulls comprehensively on Thursday, as fresh trade war tensions between the US and China made investors jittery. A 25 bps rate hike by RBI in August policy meet also weighed on investor sentiment. Panic selling in RIL, HDFC twins, Kotak Mahindra Bank and Maruti gave a 356-point jolt to the S&P BSE Sensex, which closed the session at 37,165. The Nifty50 dropped 101 points to end at 11,244.Before you get over a not-so-pleasant Thursday, here’s a quick recap of top newsmakers. Goa Carbon, Venky’s hit upper circuitGoa Carbon stock got locked in the upper circuit limit of 5 per cent at Rs 581 apiece on BSE after it was removed from the additional surveillance measure (ASM) framework. This apart, Venky's India hit its upper circuit limit of 20 per cent at Rs 2,700 apiece on exiting ASM framework.HEG@record highHEG shot up 5 per cent to hit a record high of Rs 4,559 apiece on BSE after the graphite company posted a stellar quarterly number for April-June period. The company reported a net profit of Rs 770.30 crore against a Rs 8.43 crore loss posted for the year-ago period. The stock, however, pared all the gains to end 0.36 per cent lower at Rs 4327.05 apiece on BSE. 27 stocks set to fall, shows MACDTechnical indicator Moving average convergence divergence (MACD) showed 27 stocks are likely to fall in the coming sessions. The list includes names such as M&M, Asian Paints, Bajaj Finance, Berger Paints, Redington (India) and L&T Infotech. On the hand, 21 stocks including Lupin, Max India and Balkrishna Industries are set to rise. Broader market ends in the greenIgnoring the benchmarks, the S&P BSE Midcap index ended 14.48 points or 0.09 per cent higher at Rs 16,057.60 with Aditya Birla Fashion and Retail (up 12.49 per cent) being the top gainer and Adani Power (down 4 per cent) the worst laggard. The S&P BSE Smallcap pack added 11.75 points or 0.07 per cent up at 16,639.81. Q1 numbers lift Manpasand BeveragesThe company reported 1.3 per cent rise in net profit at Rs 36.4 crore against Rs 35.9 crore YoY. EBITDA rose 20.8 per cent to Rs 68 crore against Rs 56.3 crore. The stock settled at Rs 132.90 apiece on NSE, up 4.98 per cent. Insider trade in Blue Star, MaxSam Balsara, the director of Blue Star, acquired 5,000 equity shares via market on Thursday. Liquid Investment and Trading Company, the promoter group of Max Financial Services, revoked 10,00,000 pledged shares. Spurt in open interestPTC witnessed the biggest jump in open interest contracts at 35.66 per cent, followed by Marico (32.48 per cent), ONGC (20.82 per cent) and Torrent Power (17.82 per cent).Call/Put writingOn the options front, maximum Put OI is at 11,000 followed by 11,200 strike while maximum Call OI is at 11,500 followed by 11,400 strike. Call writing was seen at 11,500 followed by 11,300 while Put unwinding was seen at immediate strike prices.

from The Economic Times https://ift.tt/2O6FUSh