After Market: IndiGo crash-landing, earnings booster, insider trade details

NEW DELHI: After stumbling in the first half of the trade, the bulls roared back with full force in the second half on Tuesday, and lifted benchmark indices to fresh record highs on a closing basis. Heavy buying in RIL, HUL and Infosys gave S&P BSE Sensex a 112-point lift to 37,606. NSE’s Nifty50 pack added 37 points to close at 11,356, with 30 constituents ending in the green and 20 in the red. With this, the benchmark indices have gained 6 per cent each this month.Here’s a quick look at Tuesday’s top newsmakers of Dalal Street: - IndiGo crashes post Q1 numbersInterGlobe Aviation plunged nearly 13 per cent in intraday trade after the low-cost airline reported a 97 per cent plunge in June quarter profit due to adverse impact of foreign exchange, high fuel prices and a competitive fare environment. The stock closed 7.49 per cent lower at Rs 929.05 apiece, wiping out Rs 4,352 crore of investor money. Broader market rises tooThe S&P BSE Midcap index gained 0.33 per cent to 16,013 with Adani Power (up 7.92 per cent) being the top gainer and Bank of India (down 8.75 per cent) the worst laggard. The S&P BSE Smallcap pack ended 0.26 per cent higher at 16,584. Earnings impactShares of LG Balakrishnan shot up 12.3 per cent during the day after the company reported a 96 per cent YoY jump in June quarter profit at Rs 21.6 crore. The stock settled 6.63 per cent higher at Rs 555 piece on BSE. FMCG firm Dabur India on Monday reported 24.59 per cent rise in consolidated profit at Rs 330 crore for the quarter, driven by volume growth in key categories. The stock settled 6.96 per cent high at Rs 420.Bharat Electronics (BEL) reported 43.4 per cent rise in profit at Rs 179 crore. The stock jumped 7.76 per cent to settle at Rs 115 apiece. BASF gained a solid 10 per cent to Rs 1,938 apiece on BSE after it reported June quarter PAT at Rs 24.4 crore against Rs 68 lakh YoY. Insider tradeMax Ventures Investment Holdings, the promoter group of Max Financial Services, revoked 6,28,000 pledged shares on Tuesday. Another promoter group Mohair Investment and Trading Company revoked 72,000 equity shares. This apart, Y Srinivasa Rao, the director of Everest Industries, disposed of 1,813 shares. Most active stocksAdani Power, Reliance Communications, HDIL, JP Associates, Idea Cellular and Bank of India were the most active stocks in terms of volume. RIL, Axis Bank, SBI, InterGlobe Aviation, Dabur India and HDFC emerged the most active in terms of value. Eicher skidsShares of Eicher Motors, parent company of motorcycle manufacturer Royal Enfield, fell as much as 2.84 per cent amid reports that American motorcycle major Harley Davidson is turning aggressive on Asia and hopes to unveil a lightweight motorcycle for India through an alliance with an Asian manufacturer. The stock settled 2.62 per cent down at Rs 27,820. READ MORE New milestones!Reliance Industries on Tuesday knocked off TCS as India’s largest company in terms of market capitalisation. Brokerages are bullish on RIL post June quarter numbers. Goldman Sachs has the highest target of Rs 1,400 on the scrip while Nomura India's Rs 1,220 is the lowest among major foreign brokerages. At close, RIL’s m-cap stood at Rs 7,51,415 crore, while that of TCS was Rs 7,43,222 crore. Shares of RIL shut shop at Rs 1,185, up 3.14 per cent and those of TCS at Rs 1,941, down 0.19 per cent. D-Mart at new peakAvenue Supermarsts, the parent company of retail chain D-Mart, hit a fresh lifetime peak of Rs 1,663.80 apiece on BSE after reporting a 43.4 per cent surge in net profit at Rs 251 crore for the June quarter. The stock settled 3.77 per cent higher at Rs 1,652 apiece on BSE, helping the company reclaim the Rs 1 lakh crore market-cap mark. Call/Put writingOn the options front, maximum Put OI was at 11,000 followed by strike price 11,200 while maximum Call OI was at 11,500 followed by 11,400. Put writing was seen at 11,000 and 11,200 strike whereas call writing was seen at 11,400 followed by 11,700.Fiscal deficitIndia reported a fiscal deficit of $62.57 billion for April-June, or 68.7 per cent of the budgeted target, for the financial year compared with 80.8 per cent a year ago. Net tax receipts in the first quarter of financial year 2018-19 that ends in March, 2019, were Rs 2.37 lakh crore, government data showed. READ MORE Block dealsHDIL shares jumped 20 per cent to Rs 24.05 apiece on BSE after 27.8 lakh shares changed hands in two block deals. Inox Leisure settled at Rs 192.50, down 1.69 per cent after 41 lakh shares (4.2 per cent equity) changed hands in a block deal on BSE, Bloomberg reported.

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