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After Market: Paint stocks@52-week highs; LVB, Amara Raja crack

With a fall of 2.69 per cent, HDFC contributed 100 points fall in the Sensex.

, ETMarkets.com|
Last Updated: Aug 29, 2019, 05.06 PM IST
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Benchmark equity indices BSE Sensex and NSE Nifty ended in the red on F&O expiry on Thursday amid fears of global recession and concerns over US-China trade woes.

The 30-share Sensex closed 382 points, or 1.02 per cent, down at 37,068, while the 50-share Nifty ended 97 points, or 0.89 per cent, down at 10,948.

“The market remained weak on the back of uninterrupted selling by foreign institutional investors in cash market despite the rollback of additional surcharge by the government. F&O expiry also added to the weakness,” said Shrikant Chouhan, Head Technical Research, Kotak Securities.

We walk you through the key highlights of Thursday’s session:

Lakshmi Vilas Bank cracks 5%
Shares of Lakshmi Vilas Bank (LVB) tanked nearly 5 per cent after the lender on Wednesday announced the resignation of its chief executive Parthasarathi Mukherjee. The scrip settled the day at Rs 38.35 against its previous close of Rs 40.35.

CG Power hits upper circuit
Shares of CG Power locked in upper circuit of 5 per cent after the power equipment maker removed its founder tycoon Gautam Thapar as chairman as an investigation unearthed a multi-crore financial scam in the firm.

Amara Raja cracks 5% intraday
Before closing just 0.16 per cent down at Rs 612, shares of Amara Raja Batteries plunged 5 per cent intraday amid reports that Brookfield was reconsidering its investment in the auto equipment company.

Sun Pharma gains 5%
Shares of drug major Sun Pharma advanced over 5 per cent after Business Standard reported that the market regulator Sebi has found no merit in allegation of violation of securities laws against the company.

Block deal in Lemon Tree
Shares of Lemon Tree Hotels cracked nearly 8 per cent amid reports that 6.60 per cent of equity traded in five block deals. The scrip settled at Rs 50.70 against its previous close of Rs 57.10.

Who moved my Sensex
With a fall of 2.69 per cent, HDFC contributed 100 points fall in the Sensex, followed by Reliance Industries (down 1.65 per cent), ICICI Bank (down 2.02 per cent), HDFC Bank (down 0.90 per cent) and Kotak Mahindra Bank (down 2.24 per cent). On the other hand, Sun Pharma (up 5.31 per cent), Infosys (up 0.59 per cent) and NTPC (up 2.63 per cent) helped cushion the downside.

Put/Call Writing
At the start of a new F&O series, maximum put open interest (OI) was seen at 11,000 followed by strike price 10,600, while maximum call OI was at 11,200 followed by 11,700 strike. Put writing was seen at strike prices 10,600 and 10,800 while there was call writing at 11,500 followed by 11,600 levels. The options data suggested a broader trading range between 10,700 and 11,300 levels, according to Chandan Taparia, Associate Vice President, Analyst-Derivatives at Motilal Oswal Financial Services.

Most active stocks
With 18.88 crore shares changing hands, YES Bank emerged as the most traded stock on NSE, followed by Vodafone Idea (number of shares traded: 16.38 crore), Lemon Tree (5.37 crore), Tata Motors (4.80 crore) and Suzlon (3.97 crore). On the other hand, Indiabulls Housing Finance (Rs 1,307 crore) finished as the most active stock in terms of value. ICICI Bank (Rs 1,226 crore), RBL Bank (Rs 1133 crore), HDFC (Rs 1,104 crore) and Reliance Industries (Rs 1,077 crore) ended as most active stocks in value terms.

Spurt in open Interest
With a change of 62.13 per cent, HUL led the pack of stocks in the biggest spurt in open interest on NSE. It was followed by BPCL (47.97 per cent), Tech Mahindra (42.57 per cent) and Amara Raja Batteries (40.81 per cent).

120 stocks hit 52-week lows
As many as 120 stocks on the National Stock Exchange (NSE) scaled their fresh 52-week low. The list included stocks such as Alembic, Asian Hotels, Cox & Kings, JMT Auto, Jaypee Infratech, Inox Wind and Unitech. On the other hand, paint majors including Asian Paints and Berger Paints were among 16 firms that hit fresh record highs. Nestle India, Reliance Nippon Life Asset Management and Tata Global also hit fresh 52-week highs.
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