Connect with us

Hi, what are you looking for?

Finance

ETMarkets After Hours: Recap plan fires up PSBs, Idea bleeds; VIX rises 11%

Winning is not a sometime thing; it's an all the time t..

Winning is not a sometime thing; it's an all the time thing. You don't win once in a while… you don't do things right once in a while… you do them right all the time. Winning is a habit – Vince Lombardi

The bulls on Dalal Street have got habituated with winning. While the market closed flat on Wednesday, the indices still hit new peaks. The S&P BSE Sensex added 22 points to settle at 36,161, with SBI (up 3.62 per cent) being the top gainer and Bharti Airtel the worst laggard (down 6.51 per cent).

The broader Nifty50 index of the National Stock Exchange (NSE) ended 2 points higher at 11,086, with 28 constituents ending in the green and 22 in the red.

Here's a recap of top newsmakers of Dalal Street:

InterGlobe Aviation flies high post Q3 results
InterGlobe Aviation, the owner of India's biggest airline IndiGo, reported over 56 per cent rise in its Q3 PAT, helped by higher passenger ticket revenue. A Reuters report said net profit for October-December quarter came in at Rs 762 crore compared with Rs 487 crore in the year-ago quarter. The stock jumped nearly 4 per cent to settle at Rs 1,238 apiece on BSE.


Idea falls flat
Shares of the telecom operator took a heavy beating after the company posted a consolidated loss of Rs 1,284.50 crore for December quarter. This compares with a Rs 383.90 crore loss the company has reported for the same quarter last year. Ebitda declined 18.5 per cent to Rs 1,223.3 crore from Rs 1,501.6 crore in Q2. The overall subscriber base stood at 203 million as on December 31, 2017. The stock settled at Rs 94.05 apiece, down 5 per cent.

Idea-Cellular-1

Spurt in open interest
Mahindra & Mahindra Financial Services witnessed the biggest spike in open interest at 44.72 per cent, followed by Amara Raja Batteries (43.60 per cent) and ICICI Pru Life(38.68 per cent).

Open-Interest (14)

NIIT Tech hits 52-week high
Shares of NIIT Tech hit 52-week high of Rs 869.80 apiece on BSE during the trade. The company recently posted NIIT Technologies today posted 21.2 per cent increase in consolidated net profit to Rs 75.6 crore for the December quarter of the current fiscal from Rs 62.4 crore in the October-December quarter of last fiscal. The scrip shut shop at Rs 861.70, up 10 per cent on BSE.

NIIT

PSBs rally on recap plan
Shares of state-run lenders spurted after ahead of recapitalisation details briefed by Finance Ministry. The Nifty PSU Bank index was the top sectoral gainer on NSE with the pack surging over 3.49 per cent to 3,965.60. All the 12 constituents ended in the green. In the plans outlined later in the day, the government announced that SBI will get Rs 8,800 crore while PNB will get Rs 5,470 crore, Bank of Baroda Rs 5,375 crore and IDBI Bank Rs 10,610 crore.

1

VIX spikes over 11%
India VIX shot up 11 per cent to 18.0400, suggesting an increase in volatility in the coming sessions.

India-VIX (8)

Original Article

[contf]
[contfnew]

ET Markets

[contfnewc]
[contfnewc]

Click to comment

Leave a Reply

Your email address will not be published.