Markets

After Market: Jet sees its best day ever; 13 stocks giving bullish signals

Domestic equity indices ended higher on Thursday on supportive global cues and a strengthening rupee. BSE Sensex closed 118.55 points, or 0.34 per cent, up at 35,260 while Nifty settled 40.40 points, or 0.38 per cent, up at 10,616.

“After a subdued start, the market gained momentum supported by a strong rupee and positive Asian peers. A drop in US 10-year bond yield followed by gradual pickup in FII flow to domestic market and a slide in oil prices eased liquidity concerns,” said Vinod Nair, Head of Research, Geojit Financial Services.

Heres a quick look at the movers and shakers of Thursdays session:

Jet Airways flies high
With a 24 per cent rally, shares of Jet Airways witnessed their best day ever on Dalal Street. The scrip closed 24.52 per cent higher at Rs 320 on BSE. The scrip rallied amid reports that the Tata Group was in talks to buy a controlling stake in the cash-strapped airline. However, Jet informed the bourses that the news was purely speculative. Prior to this, the stocks best show was on November 3, 2008, when it had rallied 22.57 per cent.

Block deal lifts Kotak Bank
Shares of Kotak Mahindra Bank rallied over nearly 3 per cent to Rs 1,162.65 after a block deal on the National Stock Exchange. Around 1.27 crore shares changed hands in pre-open trade at Rs 1,130, according to reports.

Who moved my Sensex
Kotak Mahindra Bank, HDFC Bank, HDFC, Axis Bank and ICICI Bank contributed the most to Sensex gains. However, some selling in YES Bank, ITC, TCS and NTPC proved a drag on the index.

Spurt in open interest
Apollo Hospitals witnessed the biggest jump in open interest at 124.96 per cent, followed by Motherson Sumi (29.37 per cent), Adani Enterprises (27.66 per cent) and NBCC (24.42 per cent).

Most active stocks
Vishesh Infotecnics, YES Bank, Idea Cellular, Uttam Value Steels and Jet Airways were the most active stocks in terms of volume, while Jet Airways and YES Bank were also among the most active scrips in terms of value. They were followed by ICICI Bank, Maruti Suzuki and Reliance Industries.

Call/Put writing
On option front, maximum Put open interest (OI) was seen at 10,000 followed by 10,200 strikes while maximum Call OI was seen at 11,000 followed by 10,800. Put writing was seen at 10,400 and 10,600 while minor Call writing was seen at 10,700 and 10,800. The Option band signified an immediate trading range between 10,450 and 10,700 levels, said Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal Financial Services.

@fresh 52-week highs/lows
As many as 47 companies scaled fresh 52-week lows on National Stock Exchange (NSE) on Thursday. Some of the stocks on the list included Indo Rama, Hotel Leela Venture, Empee Distilleries, Blue Coast, Alchemist and Deepak Fertilizers. On the other hand, Aarti Industries, Apollo Hospitals, Atul, ICICI Bank and Birla Cable scaled fresh 52-week highs.

Sectoral update: Consumer index up
The BSE Consumer Durables index gained the most at 1.60 per cent, followed by Realty (up 1.58 per cent), Bankex (up 0.79 per cent) and Capital Goods (up 0.66 per cent). On the other hand, BSE Telecom, FMCG and Power indices dipped 1.16 per cent, 0.21 per cent and 0.17 per cent, respectively.

Bullish crossover in 13 stocks
Technical indicator momentum indicator moving average convergence divergence, or MACD, signalled a bullish crossover on 13 counters on NSE. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement, and vice versa. The list included stocks such as Siemens, Hindustan Zinc, Bharat Gears, MCX, TV Today, Merck and Cantabil Retail.

Top Nifty gainers
Adani Ports (up 4.28 per cent), Titan (up 3.29 per cent), Eicher Motors (up 2.93 per cent), Kotak Mahindra Bank (up 2.77 per cent) and Hero MotoCorp (up 2.53 per cent) were among the top gainers in the 50-share pack, while Grasim, Yes Bank, Indiabulls Housing Finance, NTPC and Bharti Infratel declined between 2 per cent and 8 per cent.

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