Private banks, Reliance Industries help Sensex past 38,000 mark

RIL, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finance, and Asian Paints were up 6% to 20% from their respective September 14, 2018 levels

Banking shares, mainly of private lenders, along with Reliance Industries (RIL), have helped the benchmark S&P BSE Sensex reclaim the crucial 38,000 levels after six months.

The S&P BSE Sensex hit 38,146 on Friday in intra-day trade, its highest level since September 14, 2018, on back of strong buying by the foreign portfolio investors (FPIs).

With today’s gain, the benchmark index has rallied 7.8 per cent, or 2,752 points, from the 2019 low of 35,353 on February 19. FPIs have pumped in net amount of Rs 30,537 crore during the same period, Sebi data shows.

Reliance Industries, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finance, and Asian Paints were up 6 per cent to 20 per cent from their respective September 14, 2018 levels.

Allahabad Bank, Manappuram Finance, Muthoot Finance, Power Finance Corporation, Oriental Bank of Commerce and DCB Bank from the financial and Bata India, Titan Company, TTK Prestige, InterGlobe Aviation, PI Industries, Symphony, Divi’s Laboratories were among 27 stocks from the S&P BSE 500 index surging more than 20 per cent during the same period.

However, more than half, or 347 stocks, from the S&P BSE 500 index are still trading below their September 14 levels.

Reliance Communications (RCom), Reliance Power and Reliance Capital from the Anil Dhirubhai Ambani Group (ADAG) have tanked more than 60 per cent.

RCom hit a new low of Rs 4.37, plunging 73 per cent during the period. The lenders of RCom sold about 4.34 per cent stake of promoters in the telecom firm. With this sale of shares, promoters' stake in the company has come down to 37.57 per cent from earlier 41.91 per cent. The pledged shares belonged to promoters including that of Ambani, his family members and RCom group entities, according to a BSE filing.

Infibeam Avenues, Dewan Housing Finance Corporation (DHFL), Shankara Building Products, Indiabulls Ventures, Graphite India, HEG, Indiabulls Housing Finance, Dish TV India, Deepak Fertilisers and Chemicals and Rain Industries among 21 stocks from the S&P BSE 500 index were slipped more than 40 per cent from their September 14, 2018 levels.

Company	14/09/2018	LTP	% chg
GAINERS
Adani Power	31.00	50.70	63.5
Interglobe Aviat	886.65	1297.15	46.3
Tube Investments	299.45	420.55	40.4
Allahabad Bank	40.60	55.55	36.8
Kalpataru Power	330.30	446.75	35.3
Manappuram Fin.	88.30	119.30	35.1
Inox Leisure	233.50	313.80	34.4
Kajaria Ceramics	429.45	575.10	33.9
Muthoot Finance	454.95	605.25	33.0
Bata India	1040.00	1379.00	32.6
Power Fin.Corpn.	84.85	111.90	31.9
P I Inds.	766.20	1006.95	31.4
Oriental Bank	76.30	100.10	31.2
Titan Company	842.20	1094.85	30.0
Divi's Lab.	1329.55	1702.20	28.0
TTK Prestige	6863.80	8762.80	27.7
Symphony	1042.60	1318.35	26.4
BEML Ltd	766.35	967.95	26.3
REC Ltd	112.40	141.85	26.2
Guj Fluorochem	851.10	1072.40	26.0
LOSERS
Infibeam Avenues	234.95	45.20	-80.8
Dewan Hsg. Fin.	615.10	131.20	-78.7
Rel. Comm.	16.35	4.39	-73.1
Reliance Infra.	451.05	123.10	-72.7
Reliance Power	34.75	10.71	-69.2
Shankara Build.	1201.95	442.00	-63.2
Indiabulls Vent.	744.50	285.65	-61.6
Reliance Capital	418.55	167.75	-59.9
Navkar Corporat.	105.95	44.85	-57.7
Indiabulls Integ	717.30	317.90	-55.7
Graphite India	1001.60	461.40	-53.9
SPARC	399.90	200.00	-50.0
Central Bank	66.90	34.10	-49.0
HEG	4073.05	2198.00	-46.0
Bombay Dyeing	249.90	137.10	-45.1
Dish TV	67.65	38.65	-42.9
Indiabulls Hous.	1226.80	701.65	-42.8
Deepak Fert.	236.65	136.90	-42.2
Rain Industries	186.00	108.00	-41.9
Jindal Stain.	67.60	39.30	-41.9
LTP : Last traded price on BSE in Rs at 02:03 PM