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ETMarkets After Hours: Melting aluminium hurts markets; Jio touch lifts RIL

NEW DELHI: The domestic equity market ended at over two-month high on Tuesday, driven by solid buying in heavyweight stocks such as Reliance Industries (RIL), HDFC and ICICI Bank.

The S&P BSE Sensex gained 166 points to settle at 34,616, while the broader the Nifty50 index of the National Stock Exchange (NSE) shut shop with 29.65 points gain at 10,614.

Heres a look at the top movers and shakers of the session:

Aluminium stocks melt
Aluminium makers Nalco and Hindalco plunged up to 10 per cent, in line with the steep fall in the metal prices in global markets. Aluminium hit its lowest in nearly two weeks, extending declines from the previous day after Washington gave US companies more time to comply with sanctions on Russian producer Rusal and hinted at further sanctions relief. At close, Hindalco shares stood at Rs 236 apiece on BSE, down 7.41 per cent, while those of Nalco plunged 7.54 per cent to Rs 78.50.

Jio brings RIL alive
Shares of oil-to-telecom behemoth Reliance Industries (RIL) spurted 4 per cent in the intraday trade after its telecom arm Reliance Jio claimed to have added highest monthly users in a year. The telecom firm added a whopping 8.74 million customers in February, taking its market share well past 15 per cent. The RIL stock ended 3.70 per cent higher at Rs 970 apiece on BSE. READ MORE

Spurt in open interest
ICICI Pru Life witnessed the biggest spike in open interest at 52.38 per cent after the private life insurer posted a 16.6 per cent year-on-year drop in standalone profit for March quarter on account of an impact on investment income. It was followed by Piramal Enterprises (43.73 per cent) and Motherson Sumi (43 per cent).

ADAG shares under selling pressure
Anil Ambani-led Reliance Group came under severe selling pressure. Stock of Reliance Communications (down 10.47 per cent) and Reliance Naval and Engineering (13.33 per cent) were among top losers. Reliance Power (down 4.18 per cent), Reliance Infrastructure (1.89 per cent) and Reliance Capital (1.34 per cent), too, suffered significant losses.

GNFC rallies 7%
Shares of state-promoted Gujarat Narmada Valley Fertilizers Company (GNFC) rallied 7.21 per cent to Rs 460.95 after the company reported 38 per cent rise in its net profit at Rs 329 crore versus Rs 238 crore last year. Revenues grew 46.5 per cent at Rs 1,764 crore against Rs 1,204 crore.

Gati hits upper circuit
Shares of GATI hit upper circuit limit of 20 per cent at Rs 120.70 after the company said it was exploring the possibility of inducting a new financial/strategic partner. “The board of directors of the company will meet on April 26 to review, consider and pass the enabling resolution for exploring the possibility of inducting a new financial/strategic partner to augment the future growth of the company,” the company said in a filing.

Hathway Cable slips 8%
Shares of Hathway Cable ended 7.55 per cent lower at Rs 35.50 apiece on BSE after 61.9 lakh shares changed hands in two block deals. IndianOil closed 1 per cent higher at Rs 163.20 per share after 10 lakh shares changed hands in a block deal.

Delta Corp PAT grows 300%
The stock gained 5.6 per cent in the intraday trade after the company reported nearly 300 per cent YoY rise in its net profit at Rs 45.24 crore for March quarter. It had posted profit of Rs 11.35 crore in the corresponding quarter last fiscal. However, the stock erased all the gains later in the day and ended 0.44 per cent lower at Rs 283.90 apiece.

RPP Infra rises on order win
Shares of the infrastructure player ended over 2 per cent higher at Rs 275.20 apiece on BSE after the company bagged order worth Rs 83.7 crore from Kerala Infrastructure and Technology for Education (KITE).

SAIL takes a hit
Shares of SAIL ended nearly 1 per cent lower at Rs 78.95 apiece on BSE after some news agencies reported the company is planning to bids in 2 months to sell its Salem steel plant.

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