After Market: Yes Bank, Dabur rally; Titan loses shine, 59 stocks hit 52-week highs

‘Big Bull’ Rakesh Jhunjhunwala’s stake buy lifted YES Bank on Tuesday, while Titan saw a rare slip of over a per cent ahead of its Q2 earnings. FMCG powerhouse Dabur jumped nearly 5 per cent after an impressive show in September quarter earnings.

The 30-share Sensex snapped a seven-day winning streak to end 53 points lower at 40,248. Its NSE counterpart Nifty shed 24 points to close at 11,917. Nifty Midcap fell over a per cent and Nifty Smallcap 0.84 per cent.

“The market has taken a breather. This happens whenever we see profit taking in auto stocks. However, the breather is not going to last long. We can again expect activity in the sector. Excitement is missing in the market, as the majority of index constituents have announce their Q2 numbers and traders will now wait for either domestic developments or global development on trade war front. Technically, the buying zone for Nifty is around the 11,800 mark,” said Shrikant Chouhan, Senior Vice-President, Equity Technical Research, Kotak Securities.


Here is a lowdown of the movers and shakers of Tuesday’s session on Dalal Street:

Titan slips ahead of Q2
Shares of the jewellery and watchmaker skid 1.2 per cent to Rs 1,283.85 on BSE ahead of its Q2 earnings. Post market hours, the company posted a 1.83 per cent year-on-year rise in standalone profit at Rs 320.16 crore for September quarter

YES Bank’s ‘Big Bull’ ride
YES Bank jumped 3.4 per cent to Rs 68.35 after the ‘Big Bull’ of D-Street Rakesh Jhunjhunwala picked a stake in the private lender. The ace investor bought 0.5 per cent stake in the liquidity-stressed lender for Rs 87 crore on Monday.

Dabur’s Q2 nourishment
Dabur share prices jumped 5 per cent to Rs 481 on BSE after the company bettered its Q2 earnings. The homegrown FMCG major reported a 6.91 per cent increase in consolidated net profit at Rs 403.64 crore for the second quarter ended September 30.

FMCG index sole gainer
FMCG index on NSE was the sole sectoral gainer thanks to gains in the shares of Dabur and Jubilant Foodworks. Dabur jumped nearly 5 per cent to Rs 482.90 while Jubilant Foodworks rose 1.3 per cent to Rs 1,584.50. The Nifty FMCG index added 0.33 per cent to 32,361.

Key Sensex movers
IT giant Infosys proved the biggest drag on Sensex, bleeding 48 points, followed by Reliance Industries (30 points) and IndusInd Bank (19 points). The efforts of Bajaj Finance and ITC that added 47 points together went in vain, as Sensex ended the day in the red.

Broader market bleeds
The broader market underperformed their headline peers and closed with major cuts. Nifty Midcap index closed 1.08 per cent down at 16,681, while Nifty Smallcap index shed 0.84 per cent to 5,748.

59 stocks hit 52-week highs
As many as 50 stocks hit their 52-week highs on BSE. They included Adani Transmission, Akem Labs, Bajaj twins, Dabur, Deepak Nitrate, Trent and VBL.

90 stocks give bearish signal
As many as 90 stocks crossed below their 50-day exponential moving average (EMA) generating bearish trend for the stocks. They included Rail Vikas Nigam, Graphite India, Cadila Healthcare, Torrent Power, Chalet Hotels, Eveready Industries and Godrej Properties, among others. EMAs are trend indicators used in technical analysis