ETMarkets After Hours: RIL, ONGC make merry, India VIX shoots up 10%
NEW DELHI: The bull run continued on Dalal Street on Monday, as the headline indices soared to fresh lifetime peaks on sustained optimism among investors. However, India VIX rose sharply, suggesting that volatility is going to increase going forward.
The broader Nifty50 index of the National Stock Exchange (NSE) gained 71.50 points, or 0.66 per cent, to settle at 10,966, with 27 constituents ending in the green and 23 in the red.
Here's a look at the top stocks/sectors that hogged limelight in today's session.
RIL hits a 52-week high
Shares of Mukesh Ambani-led Reliance Industries (RIL) hit a 52-week high of Rs 974.50 apiece on BSE on robust Q3 earnings. The oil major on Friday reported a 25.10 per cent year-on-year rise in December quarter net profit at Rs 9,423 crore, compared with Rs 7,533 crore reported for the year-ago quarter. Its telecom arm Reliance Jio turned profitable in just 15 months of its launch. The stock settled at Rs 971 apiece on BSE, up 4.50 per cent on BSE.
Apollo Micro Systems debuts with a bang
Shares of Apollo Micro Systems made a strong debut, as the scrip got listed at Rs 478, a 73.82 per cent premium over its issue price of Rs 275. The IPO, which was sold from January 10 and 12, received strong response from investors and was subscribed 248 times. The scrip settled at Rs 454 apiece on BSE, up 65 per cent from its issue price.
ONGC on fire post HPCL deal
Shares of Oil and Natural Gas Corporation (ONGC) soared over 5 per cent after the company agreed to acquire the government's entire 51.11 per cent stake in Hindustan Petroleum (HPCL) for about Rs 36,915 crore in an all-cash deal that is expected to close by January-end. The company will use a mix of debt, cash reserves and proceeds from a planned sale of stakes in IndianOil and GAIL to fund its acquisition. The stock closed 3.74 per cent higher at Rs 200.95 apiece on NSE.
India VIX soars 10%
India VIX rose 10 per cent to 15.39, signalling rising volatility in the market. India VIX is a volatility index based on the NIFTY Index Option prices. The index measures the market's expectation of volatility over the near term.
Spurt in open interest
Jaiprakash Associates (38.89 per cent) witnessed the biggest spike in open interest at 38.89 per cent, followed by TCS (36.82 per cent) and Havells India (35.64 per cent).
Wipro falters on weak Q3 show
Shares of Wipro slipped over 3 per cent after the third largest IT services firm posted 8.4 per cent fall in consolidated net profit for December quarter. The company's net profit (attributable to shareholders) stood at Rs 2,109 crore in the year-ago period, as per Indian accounting norms (Ind AS). The stock eventually shut shop at Rs 321 apiece, down 2.33 per cent on BSE.