Sensex and Nifty ended higher in a volatile session.
Sensex and Nifty ended higher in a volatile session.

Nifty reclaims 10,600 mark, Jet Airways shares surge 25%

Shares of Jet Airways climbed 24.52% on reports that Tata Group was in talks to buy a controlling take in the airline.

The BSE benchmark Sensex rose 119 points today while the broader Nifty settled above 10,600 mark on positive investor sentiment amid easing crude oil prices and a firm rupee. The NSE Nifty also closed 40.40 points, or 0.38%, higher at 10,616.70 after trading between 10,646.50 and 10,557.50 in a volatile session.The appreciation in the rupee and higher Asian and European markets lifted the sentiment. Global crude oil prices have fallen nearly 30% to $65 per barrel from over $86 in early October. Brent crude today fell 0.47% to $65.81 per barrel. Meanwhile, the rupee strengthened further by 44 paise to trade at 71.87 against the dollar in late afternoon trade in the forex market.According to analysts, a drop in US 10-year bond yield, followed by gradual pick up in foreign institutional investor (FII) inflow to domestic market and slide in oil prices eased the concerns of liquidity.FIIs bought shares worth a net of Rs 277.38 crore, while domestic institutional investors (DIIs) sold shares to the tune of Rs 272.34 crore on Wednesday, provisional data showed. Uncertainty over the US-China trade deal and next Federal Reserve policy, which is likely to see hike in December, may add volatility in the near term, they added.Shares of Jet Airways climbed 24.52% amid reports that Tata Group was in talks to buy a controlling take in the airline. Adani Ports was among the top gainers among the Sensex stocks by surging 4.19%. Other big gainers included Kotak Bank, Axis Bank, Hero MotoCorp, Tata Motors, Maruti Suzuki and Vedanta Ltd.Shares of private lender Yes Bank fell 7.42%after its non-executive Chairman Ashok Chawla resigned with immediate effect.Other laggards were NTPC, ONGC, Sun Pharma, Coal India, TCS, HUL, ITC, M&M, Asian Paint, Bajaj Auto, Wipro and Tata Steel. Shares of Grasim Industries tumbled 7.91% after the company reported a consolidated loss of nearly Rs 1,300 crore in the September quarter.
15 Nov 2018, 01:48:00 AM IST

Grasim Industries shares drop 8.5%

Shares of Grasim Industries fell 8.5% to Rs 802.50 after the company reported a consolidated net loss of Rs 1,299.86 crore for the quarter ended September 2018 on account of an exception item related to the merger of Vodafone with Idea Cellular. It had posted a net profit of Rs 799.03 crore during the July-September period of last fiscal.

15 Nov 2018, 11:41:00 AM IST

Ujjivan Financial Services swing to profit, shares jump

Shares of Ujjivan Financial Services, the holding company and promoter of its 100% subsidiary Ujjivan Small Finance Bank, jumped 7% today to Rs 233. The company posted a net profit of Rs 44.3 crore in Q2, against net loss of Rs 12 crore in the same period of last year.

15 Nov 2018, 10:11:00 AM IST

Jet Airways shares rise over 5%

Jet Airways India Ltd rose 5.3% to Rs 271.25 after the Economic Times reported that the Tata group and Naresh Goyal-promoted Jet Airways are inching towards a two-step transaction, the first leg of which could see the merger of Jet with Tata SIA Airlines, the joint venture between Tatas and Singapore Airlines that operates Vistara.

15 Nov 2018, 10:08:00 AM IST

Kotak Mahindra Bank shares rise

Kotak Mahindra Bank Ltd rose 1.5% to Rs 1146.75 after the Economic Times reported that ING Group seeks to sell its entire 3.7 percent stake in Kotak Mahindra Bank via block deals, according to two people familiar with the matter. Their stake is valued at $1 billion at current market price.

15 Nov 2018, 10:05:00 AM IST

Yes Bank shares fall 6%

Yes Bank Ltd shares fell 6% to Rs 209.20 after Mint reported that Ashok Chawla, chairman of the bank, resigned from the lender’s board on Wednesday after being named in a corruption chargesheet by the Central Bureau of Investigation (CBI).

15 Nov 2018, 09:43:40 AM IST

Rupee strengthens for third day

Indian rupee strengthened for third consecutive session against US dollar on Thursday, courtesy gains in Asian currencies and slump in crude oil prices. At 9.15am, the home currency was trading at 72.06 a dollar, up 0.38% from its Wednesday’s close of 72.31. The currency opened at 72.06 a dollar. The 10-year government bond yield stood at 7.732% from its previous close of 7.733%. Bond yields and prices move in opposite directions.With Agency Inputs

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