NEW DELHI: The twin euphoria of upbeat quarterly results and tame US inflation readings aided the bulls to fire on all cylinders on Friday. Some brisk buying in index heavyweights such as HDFC, HDFC Bank, ITC and Asian Paints gave a solid 290-point lift to BSE Sensex. The index settled at 35,535.79. Nifty index reclaimed the crucial 10,800 level to end at 10,806.50, up 90 points or 0.84 per cent.
Here are 5 key developments you must know about Friday's trade:
Nestle, Asian Paints hit lifetime high!
FMCG major Nestle India climbed as much as 7.11 per cent to hit an all-time high of Rs 9,619.7 after the company reported a 38.22 per cent increase in net profit for the quarter ended 31 March 2018. At close, the figures stood at Rs 9,482.05 on NSE, up 5.57 per cent. Similarly, Asian Paints shot up 6 per cent in the intraday trade to a record high post March quarter results. Shares of the company settled 5.53 per cent higher at Rs 1,285.05 apiece on NSE.
SpiceJet posts 13th straight profitable quarter
No-frills airline SpiceJet on Friday reported 5 per cent YoY growth in consolidated profit at Rs 40.5 crore for the quarter ended March. The company had posted Rs 38.59 crore profit in the year-ago quarter. The company said that this was the 13th successive profitable quarter for the airline. Shares of the company, however, ended flat at Rs 118.80 apiece on BSE, down just 0.50 per cent.
Most active stocks
PC Jeweller (down 3.88 per cent), Idea Cellular (down 12 per cent) and Reliance Communications (down nearly 2 per cent) were among the most active stocks in terms of volume while those of Bharti Airtel, (down 6 per cent), Asian Paints (up 5.65 per cent) and Titan Company (down nearly 2 per cent) were most active in terms of value.
Spurt in open interest
Asian Paints witnessed the biggest spurt in open interest at 30.15 per cent, followed by Canara Bank (24.33 per cent) and JustDial (18.28 per cent).
Rain Industrieson Friday reported a 324 per cent YoY surge in consolidated profit at Rs 251.16 crore against Rs 59.21 crore in the year-ago period. The company in its press release said that during Q1CY18, it took a foreign exchange loss of Rs 21.2 crore compared with a gain of Rs 14.2 crore in Q1CY17. The stock nosedived 16 per cent to settle at Rs 274.65 on BSE.
Dena Bank's net loss widened to Rs 1,225 crore in the fourth quarter ended March against Rs 575 crore in the year-ago quarter due to huge loan loss provisions. The stock fell 1.6 per cent in the intraday trade before closing at Rs 18.45 apiece, down 0.54 per cent.