​Mapping the market: Many high-value stocks settle lower; four PSU stocks hit 52-week highs

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NEW DELHI: Both the bulls and bears were exhausted, too exhausted, on Friday. A 60-point movement in the Nifty50 and a 190-point intraday swing in the Sensex was what the market struggled to break on a day when global cues were unsupportive, while the September quarter numbers from the early birds were anything but satisfactory.

The BSE Sensex shed 45 points to end the lacklustre session at 28,061. The Nifty50 had something to fear about: the index inched 12 points lower to settle below the psychological mark of 8,700 at 8,697.

Many high-value stocks settled lower: Borosil Glass settled 2.63 per cent lower at Rs 6,192. This was 6.8 per cent lower than its intraday high of Rs 6,614. Page Industries ended 2.78 per cent lower at Rs 15,394. Polson settled at Rs 7,500, down 0.66 per cent. This was about 3.8 per cent lower than the intraday high of Rs 7,798 that the stock hit during the session. MRF, Eicher Motors and Shree Cement also ended lower.

Four PSU stocks hit 52-week highs: Shares of four PSU stocks, including oil marketing companies HPCL and IOC, hit their 52-week highs during the day. HPCL hit a 52-week high of Rs 462 while IOC touched its one-year high of Rs 667 during the session. ONGC subsidiary MRPL and miner NMDC also hit their 52-week highs during the session.

Capital goods counter saw brisk selling: While the BSE capital goods index lost mere 0.21 per cent for the day, 19 of the 25 index stocks ended the session in the red. This, even as experts were seeing signs of recovery in the sector. Shares of Mahindra CIE plunged 3.09 per cent to Rs 196. Thermax, ABB, Welspun Corp and Suzlon shed 1.72 per cent, 1.50 per cent, 1.3 per cent and 1.23 per cent, respectively. L&T ended flat at Rs 1,454.02.

Endurance Tech IPO a mega success: At the time of market closing, the IPO was subscribed 33 times the issue size. HNIs and qualified institutional investors were seen bidding aggressively. The issue was to close later on Friday.

GM Breweries tanked 7% on weak Q2 sales: The stock slumped 7.64 per cent to close at Rs 585 after net profit rose 17.9 per cent to Rs 11.12 crore, accompanied by a 6.5 per cent drop in September quarter net sales at Rs 87.67 crore.

Sun TV, Aurobindo saw spurt in OI: Stock futures of Sun TV saw the biggest spurt in open interest (OI) at 27 per cent on NSE. Stock futures of Aurobindo Pharma, Tata Steel and DCB Bank saw open interest rise by up to 22 per cent. Sun TV shares surged 6.57 per cent while Tata Steel ended 4.45 per cent higher for the day. A rise in OI along with a rise in stock price is seen as a positive setup and vice-versa.

Tata group stocks among most active: Aurobindo Pharma was the most actively traded stock on NSE in terms of traded value. The counter witnessed trading worth Rs 1,653 crore during the session. It was followed by Tata group firms Tata Motors (Rs 512 crore) and Tata Steel (Rs 465 crore). Reliance Industries, Vedanta and Infosys were other highly traded stocks of the day.