Sensex, Nifty Halt Four-Week Winning Streak; Adani Stocks Pummeled
Indian equity benchmarks snapped a four week winning streak as investors took a break from a record rally amid indications that the U.S. Fed will speed up the pace of policy reversal.
The S&P BSE Sensex fell 0.3% this week and closed little changed at 52,344.45 on Friday, while the NSE Nifty 50 Index slipped 0.1%. State Bank of India was among the biggest drags on both measures. Of 30 shares in the Sensex index, 12 rose and 18 fell. Sixteen of the 19 sector indexes compiled by BSE Ltd. tumbled, led by a gauge of power stocks.
India’s stocks have risen to records during the week, with the Sensex gaining 9.6% this year compared with an advance of about 4% for the MSCI AC Asia Pacific Index. Foreign buying has buoyed the nation’s gauges, along with an extended period of low interest rates in the U.S. that has diverted inflows into riskier emerging markets like India.
FMCG Stocks Buck The Trend
Eveready Industries Q4 Net Loss Rs 443 Crore
Eveready Indus reported net loss for the fourth quarter of Rs 443 crore vs. profit Rs 63 crore YoY.
Revenue Rs 273 crore, +22% YoY
Total costs Rs 250 crore, +14% YoY
Q4 Includes Rs 630 crore one-time loss
Q4 tax gain Rs 195 crore
Dodla Dairy, KIMS IPO Subscription Updates: Day 3
Krishna Institute of Medical Sciences IPO: Day 3
The maiden offer by the General Atlantic-backed hospital chain subscribed 0.74 times as of 1:40 p.m.
KIMS is selling shares at Rs 815-825 apiece. The company plans to raise up to Rs 2,144 crore through the IPO.
Institutional subscription: 1.16 times.
Non-institutional investor subscription: 0.27 times.
Retail subscription: 2.46 times.
Employees: 0.87 times.
Also read: KIMS IPO: All You Need To Know
Dodla Dairy IPO: Day 2
The issue was subscribed 6.36 times as of 1:40pm. Dodla Dairy is selling shares at Rs 421-428 in its Rs 520-crore IPO.
Institutional subscription: 10.14 times.
Non-institutional investor subscription: 42.17 times.
Retail subscription: 8.83 times.
Employees: 0.00 times.
Also read: Dodla Dairy IPO: All You Need To Know
Bajaj Auto, Coal India, NTPC, Power Grid in Focus: Options Watch
Power Grid options volume 2.4x the 20-day average, with 19,992 calls changing hands vs 6,232 puts
Stock down 3.2%, volume 1.5x the 20-day average for this time of day
Bajaj Auto options volume 2.4x the average, with 13,906 calls vs 2,501 puts
Stock up 1.6%, volume 0.9x the average
Hindustan Unilever options volume 2x the average, with 34,993 calls vs 13,023 puts
Stock up 1.6%, volume 1.2x the average
NTPC options volume 1.7x the average, with 21,467 calls vs 5,173 puts
Stock down 2.8%, volume 0.9x the average
Tata Consultancy options volume 1.6x the average, with 51,804 calls vs 17,842 puts
Stock up 0.1%, volume 0.8x the average
Coal India options volume 1.6x the average, with 25,077 calls vs 7,599 puts
Stock down 3.5%, volume 0.8x the average