Shares of the low-cost carrier snapped its two-day blip and rose as much as 2 percent to Rs 1,674.10 each.

The airline ordered CFM International LEAP1A engines to power 280 Airbus A320neo and A321neo aircraft. The contract, which includes spare engines and an overhaul support agreement, is valued at more than $20 billion. Delivery of the first LEAP-1A-powered A320neo is scheduled in 2020.

The stock traded at 33 times its estimated earnings per share for the coming year, Bloomberg data showed.

Shares of consumer staple companies declined in today’s trade, down 0.38 percent. The sectoral gauge was the only loser among the 11 indices compiled by National Stock Exchange.

The markets are expected to correct 5-10 percent and that cannot be ruled out, due to NBFC crisis.

That's according to Renaissance Investment's Chief Investment Officer Pankaj Murarka. "There is a turbulence being played out in the NBFCs, which is having robust effect in the financial sector and the markets are concerned about the banks that have exposure to the NBFCs," Murarka told BloombergQuint in an interaction.

Shares of the steel pipes maker erased opening losses surged nearly 6 percent to Rs 249.70 apiece.

The New Delhi-based company bagged an order worth Rs 151.8 crore from Bharat Gas Resources Limited to supply pipes, according to its notification to the exchanges.

The shares fell over 29 percent in the past 12 months compared to with a 10 percent gain in the Sensex.

The S&P BSE Sensex advanced nearly 162 points or 0.41 percent to 39,116 and the NSE Nifty 50 traded marginally 11,700, up 0.33 percent.

Shares of Zee Entertainment rose close to 2.6 percent to Rs 346.80 apiece, topping the Nifty Index. HDFC AMC plans to purchase Essel Group companies’ non-convertible debentures of up to Rs 500 crore to rescue the asset management company's fixed maturity plan investors.