POST MARKET
The benchmark equity indices Sensex and Nifty snapped their five-session winning streak on Friday, ending lower amid broad-based selling led by information technology shares.
Defensive and utility-linked sectors led the gains. Nifty Pharma rose 0.73 percent, while BSE Healthcare advanced 0.76 percent. BSE Telecom gained 1.59 percent, BSE Capital Goods climbed 1.11 percent and BSE Power added 1.02 percent.
The broader market remained resilient despite weakness in the frontline indices. Nifty Midcap 100 gained 0.22 percent and Nifty Smallcap 100 rose 0.42 percent.
STOCKS IN NEWS
HDFC Bank
HDFC Bank shares fell more than 2 percent in early trade on June 19 after the lender turned ex-dividend for its final dividend of Rs 13 per share. However, adjusted for the dividend payout, the stock was down only about 0.5 percent. The stock declined 2.2 percent to Rs 782 in morning trade, compared with its previous close of Rs 799. Excluding the dividend adjustment, the fall was relatively modest and came after a gain of about 1.5 percent in the previous session.
Rajesh Exports
Shares of Rajesh Exports continued their sharp rebound on Friday, hitting the 5% upper circuit at Rs 97.51 and extending gains to nearly 28% over the last five trading sessions.
Yatra Online
Shares of Yatra Online rose 1.59% on Friday after a CNBC-Awaaz report said that online travel platform Ixigo may acquire a 15-20% stake in the company from its promoters.
New India Assurance Company
New India Assurance Company Ltd (NIACL) shares climbed 11 percent on Friday, extending gains after the National Stock Exchange (NSE) on June 17 filed its draft red herring prospectus (DRHP) with market regulator Sebi for its proposed initial public offering (IPO).