{"id":40571,"date":"2017-12-18T15:03:09","date_gmt":"2017-12-18T15:03:09","guid":{"rendered":"http:\/\/www.bnreport.com\/after-hours-fertilizer-stocks-fly-vix-falls-12-as-bjp-wins-gujarat\/"},"modified":"2017-12-18T15:03:14","modified_gmt":"2017-12-18T15:03:14","slug":"after-hours-fertilizer-stocks-fly-vix-falls-12-as-bjp-wins-gujarat","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/after-hours-fertilizer-stocks-fly-vix-falls-12-as-bjp-wins-gujarat\/","title":{"rendered":"After Hours: Fertilizer stocks fly, VIX falls 12% as BJP wins Gujarat"},"content":{"rendered":"<p>NEW DELHI: Monday turned out to be an action-packed day for investors on <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/Dalal-Street\" rel=\"noreferrer\" target=\"_blank\">Dalal Street<\/a>. After plunging over 2 per cent in opening trade, when vote count trend showed a lead for the Congress in Gujarat, the benchmark indices swung into the green as the trend swung in favour of the BJP.  <\/p>\n<p>Till the time of writing of this report, the BJP was leading in 99 seats while the Congress led in 80 in Gujarat. On similar lines, the BJP appeared a clear winner in Himachal Pradesh, winning 43 out of a total of 68 seats.  <\/p>\n<p>The S&amp;P BSE <a href=\"https:\/\/economictimes.indiatimes.com\/indices\/sensex_30_companies\" rel=\"noreferrer\" target=\"_blank\">Sensex<\/a> witnessed a 1,200-point swing in intraday trade before closing 139 points higher at 33,601 with M&amp;M (up nearly 2 per cent) being the top gainer and <a href=\"https:\/\/economictimes.indiatimes.com\/yes-bank-ltd\/stocks\/companyid-16552.cms\" rel=\"noreferrer\" target=\"_blank\">YES Bank<\/a> (down 1 per cent) the worst laggard.  <\/p>\n<p>The broader Nifty50 index of the National Stock Exchange (NSE) also saw a sharp recovery and climbed above the 10,400 mark. However, it slipped below the crucial level to settle at 10,389, up 56 points, with 35 constituents ending in the green and 14 in the red.  <\/p>\n<p>\u201cThe market recovered from the initial disruption after a clear victory for the <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/BJP-in-Gujarat\" rel=\"noreferrer\" target=\"_blank\">BJP in Gujarat<\/a> and Himachal state elections. Better investor sentiment will attract liquidity in the market, while participants focused on the fulcrum of improvement in fundamentals will strengthen valuations. Triggers like <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/earnings\" rel=\"noreferrer\" target=\"_blank\">earnings<\/a> revival, <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/global-market\" rel=\"noreferrer\" target=\"_blank\">global market<\/a> movement and US tax reforms will decide future market direction,&quot; says Vinod Nair, Head of Research, <a href=\"https:\/\/economictimes.indiatimes.com\/geojit-financial-services-ltd\/stocks\/companyid-6853.cms\" rel=\"noreferrer\" target=\"_blank\">Geojit<\/a> Financial Services.  <\/p>\n<p>Here\u2019s a look at the top stocks and sectors that made headlines during the session:  <\/p>\n<p><strong>New kid on the block<\/strong><br \/>Shares of Future Supply Chain Solutions made a decent debut, as the scrip got listed at Rs 674 on <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/BSE\" rel=\"noreferrer\" target=\"_blank\">BSE<\/a>, up 1.5 per cent over its issue price of Rs 664. The initial public offering (<a href=\"https:\/\/economictimes.indiatimes.com\/topic\/IPO\" rel=\"noreferrer\" target=\"_blank\">IPO<\/a>) of the logistics arm of the Future Group, which was sold between December 5 and December 8, was subscribed 7.56 times. Future Supply Chain Solutions is among India\u2019s largest organised 3PL Service Operators. The scrip settled at Rs 685.80 apiece on BSE, up 3.28 per cent over its issue price.  <\/p>\n<p><strong>Astron IPO gets good demand<\/strong><br \/>The initial public offering of Astron Paper and Board Mills got oversubscribed by 4.36 times on the second day of the bidding process on Monday. The ongoing public offer has received bids for 6,10,94,320 shares against total issue size of 1,40,00,000 shares offered by the company, NSE data showed at around 03.45 pm (IST).  <\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/unnamed-file-18.jpg\"\/><\/p>\n<p><strong>Fertilizer stocks gain<\/strong><br \/>Shares of fertiliser companies gained after the Finance Ministry sought Parliament\u2019s approval for net additional spending of Rs 33,380 crore ($5.21 billion) for 2017-18. This includes Rs 20,532 crore for the fertiliser sector, Reuters reported, quoting a government document. At close, shares of Fertilizers &amp; Chemicals Travancore were up 3.54 per cent at Rs 48 apiece while those of <a href=\"https:\/\/economictimes.indiatimes.com\/rashtriya-chemicals-fertilizers-ltd\/stocks\/companyid-11948.cms\" rel=\"noreferrer\" target=\"_blank\">Rashtriya Chemicals<\/a> ended 1 per cent higher.  <\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/unnamed-file-19.jpg\"\/><\/p>\n<p><strong>Spurt in open interest<\/strong><br \/>Shares of DCB Bank witnessed the biggest spike in open interest at 37.42 per cent, followed by <a href=\"https:\/\/economictimes.indiatimes.com\/page-industries-ltd\/stocks\/companyid-762.cms\" rel=\"noreferrer\" target=\"_blank\">Page Industries<\/a> (35.74 per cent) and <a href=\"https:\/\/economictimes.indiatimes.com\/sun-tv-network-ltd\/stocks\/companyid-17994.cms\" rel=\"noreferrer\" target=\"_blank\">Sun TV Network<\/a> (18.22 per cent).  <\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/unnamed-file-20.jpg\"\/><\/p>\n<p><strong>Realty ends in the red<\/strong><br \/>Real estate stocks were the only sectoral losers on NSE. The <a href=\"https:\/\/economictimes.indiatimes.com\/indices\/nifty_50_companies\" rel=\"noreferrer\" target=\"_blank\">Nifty<\/a> Realty index dropped 0.50 per cent to close at 315.65 with 2 constituents in the green and 6 in the red.  <\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/unnamed-file-21.jpg\"\/><\/p>\n<p><strong>VIX falls<\/strong><br \/>The volatility index India VIX plunged 12.21 per cent to 13.11, signalling low volatility in the market. Volatility is often described as the \u201crate and magnitude of changes in prices&quot; and in finance often referred to as risk. Volatility Index is a measure, of the amount by which an underlying Index is expected to fluctuate, in the near term.  <\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/unnamed-file-22.jpg\"\/><\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\/\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/p>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/news\/after-hours-fertilizer-stocks-fly-vix-falls-12-as-bjp-wins-gujarat\/articleshow\/62120718.cms\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p>[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"http:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/60278104.cms_-138.jpg\"\/><\/p>\n<h5><a href=\"https:\/\/economictimes.indiatimes.com\/\" rel=\"noreferrer\" target=\"_blank\">ET Markets<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n<p>The post <a href=\"http:\/\/newswirenow.co.uk\/2017\/12\/18\/after-hours-fertilizer-stocks-fly-vix-falls-12-as-bjp-wins-gujarat\/\" rel=\"noreferrer\" target=\"_blank\">After Hours: Fertilizer stocks fly, VIX falls 12% as BJP wins Gujarat<\/a> appeared first on <a href=\"http:\/\/newswirenow.co.uk\/\" rel=\"noreferrer\" target=\"_blank\">News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Monday turned out to be an action-packed day for ..<\/p>\n","protected":false},"author":1,"featured_media":40572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-40571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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