RELIANCE AND BPCL CALL GIVEN ON 23 AUG 2018:UPDATE

RELIANCE buy call given in last post achieved first target(1274) and BPCL sell call given in last post achieved both the targets.(351).Hope you have booked profit.The benchmark indices settled marginally lower on Friday, weighed by financials and consumer stocks amid caution in global marketsThe S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty50 index settled at 11,557, down 26 points.Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5 per cent and 2 per cent, respectively. On the National Stock Exchange (NSE), the Nifty Bank index settled 0.7 per cent lower weighed by Yes Bank, Bank of Baroda and ICICI Bank. Shares of Hexaware Technologies dipped 19% to Rs 401 on the National Stock Exchange (NSE) in early morning trade after more than 10% of equity of the information technology firm changed hands on the counter via block deals.The stock has slipped 17% at Rs 415 on the BSE in intra-day trade so far.A combined 40.06 million equity shares representing 13.5% of total equity of Hexaware Technologies changed hands on the NSE and BSE, the exchanges data shows.The name of the buyers and sellers were not ascertained immediately.

According to media reports, the private equity major Baring Private Equity Partners Asia will sell about 8.4% stake of the Hexaware Technologies through block deals for about Rs 11.20 billion. The floor price of the stake sale fixed at around Rs 447.5 per share.As of June 30, 2018, Baring PE Asia, the promoter of Hexaware Technologies holds a 71.22% stake in the IT Company, through an entity called HT Global IT Solutions Holdings Ltd.Hexaware Technologies had outperformed the market by surging 81% in past one year, against 21.3% rise in the benchmark index till Thursday.Currently, the stock was trading 14% lower at Rs 426 on the NSE, as compared to 0.04% rise in the Nifty 50 index.

TOP GAINERS:VEDL,ONGC,GRASIM

MAJORLOOSERS: YESBANK,TATAMOTORS,TITAN