Live: Sensex, Nifty Gain; Bajaj Finance, Inox Leisure Hit Record Highs
Market Check: Sensex Jumps Over 400 Points; Nifty Above 12,100
Indian equity advanced in today’s trade, halting their two-day losing streak.
The S&P BSE Sensex rose as much as 439 points or 1.07 percent to 41,418.64 and the NSE Nifty 50 rose as much as 1.09 percent to 12,162.05. The broader markets represented by the NSE Nifty 500 Index rose as much as 0.9 percent.
The market breadth was tilted in favour of buyers. About 1,083 stocks advanced and 476 shares declined on National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 2 percent gain.
Sectoral Check: NSE Nifty Metal Index Best Performer
All the 11 sectoral gauges compiled by the NSE traded higher, led by the NSE Nifty Metal Index’s 1.5 percent gain.
Bajaj Finance Hits All-Time High
Shares of Bajaj Finance extended gains for the second consecutive trading session. The stock rose as much as 1.2 percent to hit an all-time high at Rs 4,780.
The Relative Strength Index was above 76, indicating that the stock may be overbought, Bloomberg data showed. The scrip returned 5.5 percent in the past five days and advanced 15 percent in the past 30 days.
Inox Leisure Gains For Fourth Day, Shares Hit Record High
Shares of Inox Leisure extended gains for the fourth consecutive trading session. The stock rose as much as 9.5 percent to hit an all-time high at Rs 486. The company had announced its December quarter results on Friday.
Here are the key earnings highlights (Q3, YoY)
- Revenue up 18.4 percent to Rs 512.9 crore.
- Net profit down 4.1 percent to Rs 35 crore.
- Ebitda up 2x to Rs 168.9 crore.
- Margin at 32.9 percent versus 19.3 percent.
- IND AS 116 impact raises margins.
F&O Check: Nifty 12,200 Call Option Premium Jumps 245%
Nifty’s 12,200 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Feb. 13, rose 245.5 percent to Rs 32.65. About 44,700 shares were removed from the open interest which stood at over 23.67 lakh shares.
Large Trade Alert: Dish TV
About 10 lakh shares of Dish TV India changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.