Nifty Clocks Worst F&O Series In Eight Months
The NSE building. (Photographer: Vishal Patel/ BloombergQuint)

Nifty Clocks Worst F&O Series In Eight Months

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Nifty Clocks Worst F&O Series In Eight Months

Indian equity benchmark NSE Nifty 50 registered its worst F&O series in eight months.

The 50-share index fell 0.87 percent in June series, the worst since October 2018 when it declined 13.3 percent.

Today, the S&P BSE Sensex and the 50-stock gauge ended little changed at 39,586.41 and 11,841 respectively. The broader market index represented by the NSE Nifty 500 Index ended 0.1 percent higher.

The market breadth was tilted in favour of buyers. About 1,014 stocks advanced and 743 shares declined on National Stock exchange.

Six out of 11 sectoral gauges compiled by NSE advanced, led by the NSE Nifty Realty Index’s 1.9 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.68 percent.

 Nifty Clocks Worst F&O Series In Eight Months

Cox & Kings Hits Lower Circuit For Second Day

Share of the travel tour operator was locked in the lower circuit for the second day in a row and third time this week after it declined 10 percent intraday to hit a record low of Rs 40.85.

Also, Brickworks downgraded the rating on non-convertible debentures worth Rs 50 crore to AA- from AA, according to its exchange notification yesterday.

The stock declined 77 percent in the past 12 months compared with a 12 percent gain in the Sensex. Shares of the company currently trade at 2.7 times its estimated earnings per share for the coming year, Bloomberg data showed.

Nifty Sees Resistance At 11,900, Viratech Software Says

The Nifty is witnessing a resistance at 11,900 and the support levels at 11,720, according to Viratech Software’s Director Rahul Mohindar.

“The markets are doing decently well as the Nifty has moved out of 11,850 today and they look very much intact in the medium-to-long term,” Mohindar told BloombergQuint in an interaction.

Fab Four Stocks Of The Day

Kiocl

  • Stock rose as much as 14.2 percent to Rs 138.45.
  • Company signed two pacts for the sale of pellets in the European market.

Coffee Day Enterprises

  • Stock rose as much as 11.6 percent to Rs 249.95.
  • Coca Cola has entered exclusive talks to pick up significant stake, ET reported
  • But Coca Cola said in statement that news is speculative in nature and won’t offer any comment now.

Sunteck Realty

  • Stock rose as much as 3.4 percent to Rs 439.90.
  • To invest Rs 5000 crore in commercial and retail properties over next four years.

Shriram City Union

  • Stock rose as much as 16.5 percent to Rs 1,572.
  • Trading volume was 12 times its 20-day average.

Market Check: Nifty Set For Worst F&O Series In Six Months

Indian equity benchmark NSE Nifty 50 is set to clock its worst F&O series in six months.

The 50-share index has declined over 0.5 percent so far in June series, the worst since December 2018 series when it declined 0.73 percent.

Today, the benchmark indices are set to end higher for the third consecutive trading session. The S&P BSE Sensex and the 50-stock gauge traded little changed at 39,572 and 11,880

Axis bank was in focus as the stock fluctuated between gains and losses to trade 1.2 percent higher at Rs 797.90 after Bloomberg reported that the lender is considering raising at least $1.3 billion through a share sale to institutional investors.

Godrej Family Hire Lawyers After Rift On Land Development, Say Reports

The Godrej family, one of the largest land holders in Mumbai, has hired advisors and law firms to split its land holdings to make way for real estate development, according to a report by Business Standard.

Godrej & Boyce Chairman Jamshyd Godrej has hired JM Financial’s investment banker Nimesh Kampani, and lawyer Zia Mody from AXB Partners, to help in the reorganisation, the report said.

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