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Barometers trade with modest losses; India VIX slips below 30
(12:23, 29 May 2020)

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Key-barometers-were-trading-with-modest-losses-in-early-afternoon-trade.-At-12:23-IST,-the-barometer-index,-the-S&P-BSE-Sensex,-was-down-137.18-points-or-0.43%-at-32,063.41.-The-Nifty-50-index-was-up-15.85-points-or-0.17%-at-9,474.25.-

Investors-remained-on-the-sidelines-ahead-of-the-release-of-India's-Q4-FY20-GDP-figures-today.-Traders-were-also-cautious-amid-rising-cases-of-coronavirus-in-India.-Locust-attacks-have-also-raised-worries-on-farm-output,-besides-tensions-at-the-India-China-border.-

The-broader-market-was-trading-firm.-The-S&P-BSE-Mid-Cap-index-gained-1.11%-while-the-S&P-BSE-Small-Cap-index-added-1.23%.-

The-market-breadth-was-positive.-On-the-BSE,-1274-shares-rose-and-779-shares-fell.-A-total-of-143-shares-were-unchanged.-In-the-Nifty-50-index,-33-shares-advanced-while-17-stocks-declined.-

Foreign-portfolio-investors-(FPIs)-bought-shares-worth-₹-2,354.14-crore,-while-domestic-institutional-investors-(DIIs),-were-net-buyers-to-the-tune-of-₹-144.83-crore-in-the-Indian-equity-market-on-28-May,-provisional-data-showed.

Covid-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-58,13,997-far-with-3,60,397-deaths.-India-reported-89,987-active-cases-of-COVID-19-infection-and-4,706-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Derivatives:

The-NSE's-India-VIX,-a-gauge-of-market's-expectation-of-volatility-over-the-near-term,-fell-0.89%-to-29.74.-The-Nifty-June-2020-futures-were-trading-at-9,424,-a-discount-of-50.25-points-compared-with-the-spot-at-9,474.25.

On-the-options-front,-the-Nifty-option-chain-for-25-June-2020-expiry-showed-maximum-call-open-interest-(OI)-of-19.35-lakh-contracts-at-the-10,000-strike-price.-Maximum-put-OI-of-23.40-lakh-contracts-was-seen-at-9,000-strike-price.-

-Buzzing-Index:-

The-Nifty-Private-Bank-index-slipped-0.81%-to-10,420.75-on-profit-booking.-The-index-has-added-11.5%-in-the-past-three-sessions-while-the-benchmark-Nifty-50-index-gained-5%-during-the-same-period.-

Bandhan-Bank-(down-3.2%),-Axis-Bank-(down-2.41%),-HDFC-Bank-(down-1.44%),-Kotak-Mahindra-Bank-(down-0.81%),-ICICI-Bank-(down-0.61%)-and-Yes-Bank-(down-0.19%)-declined.

Federal-Bank-(up-3.51%),-City-Union-Bank-(up-1.97%),-IndusInd-Bank-(up-1.12%)-and-RBL-Bank-(up-0.77%)-advanced.

Stocks-in-Spotlight:-

Karnataka-Bank-fell-1.66%-to-₹-35.60.-The-Reserve-Bank-of-India-has-imposed-a-monetary-penalty-of-₹-1.20-crore-on-the-bank-for-divergence-in-respect-of-NPAs-and-non-adherence-to-Income-Recognition-and-Asset-Classification-(IRAC)-norms-with-reference-to-financial-position-as-on-31-March-2017-and-31-March-2018.-The-bank-said-that-it-had-already-made-full-provision,-there-is-no-other-financial-impact-other-than-the-penalty-amount.-

KPIT-Technologies-hit-an-upper-circuit-of-5%-at-₹-49.20,-extending-gains-for-fifth-day.-The-stock-has-added-20.2%-in-five-sessions.-CLS-Investments-bought-19.99-lakh-shares-or-0.73%-stake-in-the-company-yesterday-(on-28-May-2020)-at-an-average-price-of-₹-46.91-per-shares.

Cadila-Healthcare-rose-1.82%-to-₹-344.20.-the-company's-formulations-manufacturing-facility-located-at-Baddi,-Himachal-Pradesh-received-an-establishment-inspection-report-(EIR)-from-the-US-drug-regulator.

The-EIR-report-stated-that-the-classification-of-the-facility-is-'No-Action-Indicated-(NAI)'.-The-United-States-Food-&-Drug-Administration-(US-FDA)-had-conducted-the-inspection-at-the-facility-from-2nd-to-9th-March-2020.-The-audit-had-ended-with-'nil'-observations,-Cadila-said.

Vodafone-Idea-surged-29.38%-to-₹-7.53.-The-media-reported-that-Google-was-looking-to-make-an-investment-in-the-Indian-telecom-company.-Any-such-investment-could-prove-to-be-a-breather-for-Vodafone-Idea-which-has-been-reeling-under-increasing-financial-stress,-the-reports-added.-

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Key-barometers-were-trading-with-modest-losses-in-early-afternoon-trade.-At-12:23-IST,-the-barometer-index,-the-S&P-BSE-Sensex,-was-down-137.18-points-or-0.43%-at-32,063.41.-The-Nifty-50-index-was-up-15.85-points-or-0.17%-at-9,474.25.-

Investors-remained-on-the-sidelines-ahead-of-the-release-of-India's-Q4-FY20-GDP-figures-today.-Traders-were-also-cautious-amid-rising-cases-of-coronavirus-in-India.-Locust-attacks-have-also-raised-worries-on-farm-output,-besides-tensions-at-the-India-China-border.-

The-broader-market-was-trading-firm.-The-S&P-BSE-Mid-Cap-index-gained-1.11%-while-the-S&P-BSE-Small-Cap-index-added-1.23%.-

The-market-breadth-was-positive.-On-the-BSE,-1274-shares-rose-and-779-shares-fell.-A-total-of-143-shares-were-unchanged.-In-the-Nifty-50-index,-33-shares-advanced-while-17-stocks-declined.-

Foreign-portfolio-investors-(FPIs)-bought-shares-worth-₹-2,354.14-crore,-while-domestic-institutional-investors-(DIIs),-were-net-buyers-to-the-tune-of-₹-144.83-crore-in-the-Indian-equity-market-on-28-May,-provisional-data-showed.

Covid-19-Update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-58,13,997-far-with-3,60,397-deaths.-India-reported-89,987-active-cases-of-COVID-19-infection-and-4,706-deaths,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Derivatives:

The-NSE's-India-VIX,-a-gauge-of-market's-expectation-of-volatility-over-the-near-term,-fell-0.89%-to-29.74.-The-Nifty-June-2020-futures-were-trading-at-9,424,-a-discount-of-50.25-points-compared-with-the-spot-at-9,474.25.

On-the-options-front,-the-Nifty-option-chain-for-25-June-2020-expiry-showed-maximum-call-open-interest-(OI)-of-19.35-lakh-contracts-at-the-10,000-strike-price.-Maximum-put-OI-of-23.40-lakh-contracts-was-seen-at-9,000-strike-price.-

-Buzzing-Index:-

The-Nifty-Private-Bank-index-slipped-0.81%-to-10,420.75-on-profit-booking.-The-index-has-added-11.5%-in-the-past-three-sessions-while-the-benchmark-Nifty-50-index-gained-5%-during-the-same-period.-

Bandhan-Bank-(down-3.2%),-Axis-Bank-(down-2.41%),-HDFC-Bank-(down-1.44%),-Kotak-Mahindra-Bank-(down-0.81%),-ICICI-Bank-(down-0.61%)-and-Yes-Bank-(down-0.19%)-declined.

Federal-Bank-(up-3.51%),-City-Union-Bank-(up-1.97%),-IndusInd-Bank-(up-1.12%)-and-RBL-Bank-(up-0.77%)-advanced.

Stocks-in-Spotlight:-

Karnataka-Bank-fell-1.66%-to-₹-35.60.-The-Reserve-Bank-of-India-has-imposed-a-monetary-penalty-of-₹-1.20-crore-on-the-bank-for-divergence-in-respect-of-NPAs-and-non-adherence-to-Income-Recognition-and-Asset-Classification-(IRAC)-norms-with-reference-to-financial-position-as-on-31-March-2017-and-31-March-2018.-The-bank-said-that-it-had-already-made-full-provision,-there-is-no-other-financial-impact-other-than-the-penalty-amount.-

KPIT-Technologies-hit-an-upper-circuit-of-5%-at-₹-49.20,-extending-gains-for-fifth-day.-The-stock-has-added-20.2%-in-five-sessions.-CLS-Investments-bought-19.99-lakh-shares-or-0.73%-stake-in-the-company-yesterday-(on-28-May-2020)-at-an-average-price-of-₹-46.91-per-shares.

Cadila-Healthcare-rose-1.82%-to-₹-344.20.-the-company's-formulations-manufacturing-facility-located-at-Baddi,-Himachal-Pradesh-received-an-establishment-inspection-report-(EIR)-from-the-US-drug-regulator.

The-EIR-report-stated-that-the-classification-of-the-facility-is-'No-Action-Indicated-(NAI)'.-The-United-States-Food-&-Drug-Administration-(US-FDA)-had-conducted-the-inspection-at-the-facility-from-2nd-to-9th-March-2020.-The-audit-had-ended-with-'nil'-observations,-Cadila-said.

Vodafone-Idea-surged-29.38%-to-₹-7.53.-The-media-reported-that-Google-was-looking-to-make-an-investment-in-the-Indian-telecom-company.-Any-such-investment-could-prove-to-be-a-breather-for-Vodafone-Idea-which-has-been-reeling-under-increasing-financial-stress,-the-reports-added.-

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