Mapping the market: MFIs made a mark, talk of rains boosted agro, fertiliser stocks

NEW DELHI: The questions over the long-term economic outlook of the euro zone were valid, and so was the cautiousness ahead of the US jobs data scheduled for release later in the day.

The deadlock in the move to cap crude output amid conflict of interest among the Opec nations too put inflows to emerging markets at risk. With so much confusion and concerns around the world, it was too demanding to ask Sensex to hold on to the 27,000 mark on Friday.

More so, when the 30-pack index rose in seven out of the past eight sessions. The index eked out gains to end in the red on Friday. For the market, Rs 100 lakh crore in market capitalisation mark still remained a jinx.

Here is a look at the stocks and sectors that hogged the limelight on Dalal Street during the session:

96 BSE listed stocks@ 52-week highs: As many as 96 BSE-listed stocks hit 52-week highs during the day. They include of 25 BSE A-group stocks such as two-wheeler makers Bajaj Auto and Hero MotoCorp, Kotak Mahindra and IndusInd Bank, power stocks NTPC and NHPC and IT major Infosys. Live chart here

Here’s a look at some of the stocks:




MFI stocks dazzled, Ujjivan led: Microfinance lender Ujjivan Financial Services (up 15.02 per cent), Equitas (up 4.08 per cent), SKS Microfinance (up 2.10 per cent) and M&M Financial Services (2.13 per cent) rallied to their fresh 52-week highs amid strong investor interest on the counter in the light of strong balance sheets, stable asset quality, healthy credit growth and their competent managements. Live chart here



OMCs gained on Opec differences: Three OMC stocks – HPCL, BPCL and IOC – advanced 2.24 per cent, 1.74 per cent and 0.82 per cent, respectively, and outperformed the BSE Oil & Gas index as a rise in crude oil prices halted after the Opec members failed to reach a consensus on capping crude output. Data on the fall in US crude inventory though restricted the upside for the OMC stocks. Live chart here



Idea drops on block deal, volumes rise 55 times: Shares of Idea Cellular slumped 10 per cent to Rs 106.55 after 3.5 per cent of the company’s equity shares changed hands on the counter in five block deals. Volumes surged 55 times to 2.62 crore shares against a two-week average of 4.54 lakh shares. Existing shareholder Providence Equity Partners is believed to have pared stake in the telecom operator. Live chart here



Agri stocks rally up to 11% on IMD forecast: IMD’s second update on monsoon rain this year brought cheer to the agrochemicals and fertiliser stocks, which jumped up to 11 per cent during the day. The Met department said there were zero chances of a drought this year. The weather department said El Nino conditions have turned neutral to negative and La Nina conditions will be favourable in the second half of the season.

Here’s how the stocks performed for the day:




NMDC climbs as board mulls share buyback: It’s a season of share buybacks. The latest company to consider share buyback is NMDC. The stock rose 4.16 per cent to settle at Rs 90.05 on Friday after the company told stock exchanges that it would consider a proposal to buy back company’s shares when its board of directors meets next week. Live chart here