Equity benchmark Sensex and Nifty settled the first week of 2020 on a negative note following an escalation in West Asia tension, a spike in crude oil price and a plunge in the rupee. The 30-share Sensex declined 110 points, or 0.27 per cent, for the week ended January 3 to settle at 41,464. Likewise, the 50-share Nifty settled 19.15 points, or 0.16 per cent, lower at 12,226.

“The government’s plan to accelerate infrastructure investment, positive data like improvement in GST collections and a drop in India factory production to a seven-month high enthused market sentiments,” said Vinod Nair, Head of Research, Geojit Financial Services.

“However, geopolitical concerns, premium valuations and cautiousness ahead of Q3 earnings led investors to book profit following a decent rally,” he said.

Here are the top stocks and sectors that created all the buzz on Dalal Street during the week gone by:-

Top gainers of the week

As many as 47 stocks in the BSE500 index delivered over 10 per cent returns to investors during the week. They included Indiabulls Real Estate (up 39 per cent), Suzlon Energy (38 per cent), Adani Green Energy (28 per cent), Care Ratings (27 per cent) and VA Tech Wabag (27 per cent). Indiabulls Integrated Services, Jindal Saw, eClerx Services, Shankara Building Products and Reliance Infrastructure advanced between 20 and 25 per cent.

Top losers of the week

As many as five stocks on the BSE500 plunged more than 5 per cent. Dishman Carbogen lost 22 per cent, followed by Zee Entertainment (8 per cent), Indian Overseas Bank (7 per cent), Dish TV India (5 per cent) and Bajaj Auto (5 per cent). Delta Corp, Eicher Motors, Astrazeneca Pharma, Piramal Enterprises and Titan fell 4-5 per cent.

IPO update

Apeejay Surrendra Park Hotels: The company has filed draft papers with markets regulator Sebi for its proposed initial public offering (IPO) to raise up to Rs 1,000 crore.

RouteMobile: Market regulator Sebi has given approval to the company’s IPO to raise an estimated Rs 600 crore.

New listing

Prince Pipes made a tepid debut at the bourses on Monday, listing at Rs 160, down 10.11 per cent from the issue price on BSE. Shares of the company settled 2.38 per cent down at Rs 151 on January 3.

Scrips at fresh 52-week highs/lows

In the BSE500 index, Aavas Financiers, Muthoot Finance, Narayana Hrudayalaya, Jubilant FoodWorks, Adani Green Energy and Multi Commodity Exchange were among the 46 stocks that hit new 52-week highs. On the other hand, Dishman Carbogen, Gujarat Narmada Valley Fertilizers, Intellect Design Arena, Indian Bank and Sadbhav Engineering hit new 52-week lows.

Tata Motors – on a fast lane?

Tata Motors emerged top gainer in the Nifty pack for the week ended January 2020, advancing 8.50 per cent to Rs 191.10. Shares of the company drew attention after it entered a partnership with app-based taxi service provider Prakriti E-Mobility to deploy 500 Tigor electric vehicles (EVs) in the national capital. The first batch of over 160 Tigor EVs is expected to hit the road by January 2020. However, Tata Motors reported a 12 per cent drop in December domestic sales at 44,254 units compared with 50,440 units sold in December 2018.

Zee Entertainment dips

Shares of the company dipped over 8 per cent during the week. The scrip came under pressure after Trai revised its regulatory framework for cable and broadcasting services, under which cable operators need to mandatorily provide as many as 200 channels for Rs 153 a month, (including taxes) to their subscribers. It said the decision has been taken to protect the interests of all stakeholders, particularly consumers. Right now, DTH or cable TV operators provide only 100 channels for a fee of Rs 153 (Rs 130 excluding taxes) a month.

Bajaj Auto slips

The two-wheeler major declined over 5 per cent during the week. The scrip came under pressure after the company posted a 3 per cent drop in December sales at 336,055 units against 346,199 units reported for December 2018.

Adani Green rallies 27%

Shares Adani Green Energy gained 27.54 per cent last week after the firm commissioned a 75 MW wind power project. Adani Renewable Energy (GJ), a step-down subsidiary of Adani Green Energy (AGEL), commissioned its 75 MW wind power project after having power purchase agreement (PPA) with Maharashtra State Electricity Distribution Company (MSEDCL) at Rs. 2.85/kWh for a period of 25 years.

VA Tech Wabag also jumps 27%

Shares of the company soared 27 per cent to Rs 217 on January 3 from Rs 168.80 on December 27 after it secured a Rs 1,187 crore order under the Namami Gange Project.

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