Scan to Download
Nifty’s 12,100 call option contract was among the most active Nifty option contracts on National Stock Exchange.
The premium on the contract, which is set to expire on Feb. 13, rose 73.98 percent to Rs 59.80. About 6.46 lakh shares were added to the open interest which stood at over 23.46 lakh shares.
The Nifty is not expected to go below 11,950 in the near term and there may be another attempt to rally towards 12,150. That’s according to Hemen Kapadia, technical research analyst, KR Chouksey.
“We are set for another 150-point rally once the market reaches 12,150,” said Kapadia in an interview to BloombergQuint. “However, we running into historically strong resistance levels beyond that and market is not set for a big-bang breakout from these levels.”
The stock traded at nine times its estimated earnings per share for the coming year, Bloomberg data showed.
The stock advanced 7.4 percent compared to 12 percent gain in the Sensex Index.
The stock traded at nine times its estimated earnings per share for the coming year, Bloomberg data showed.
Indian equities indices decline dragged down by losses in metal stocks such as Tata Steel and Vedanta Ltd.
The S&P BSE Sensex declined as much as 0.54 percent to 40,917.90 and the NSE Nifty 50 declined 0.68 percent to 12,098.35 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded lower.
The market breadth was tilted in favour of sellers. About 1,120 stocks declined and 648 shares advanced on National Stock Exchange.
All 11 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Metal Index’s 3.1 percent fall.
Shares of the micro-finance lender declined as much as 3.6 percent to Rs 1,029 each.
JM Financial reduced its stake from 6.01 percent to 3.36 percent in the company on Feb. 5, according to an exchange filing.
The stock traded at 17 times its estimated earnings per share for the coming year, Bloomberg data showed.
Tata Steel Q3 Results: Brokerages Maintain Positive Outlook Despite Weak Earnings
Shares of the private lender jumped 5.3 percent to a two-week high of Rs 40.75 each.
Shareholders approved a proposal to raise Rs 10,000 crore through QIP issue, according to an exchange filing. Also, the shareholders approved a plan to raise the lenders authorised capital to Rs 1,100 crore, the filing added.
The stock fell 78 percent in the past 12 months compared with a 13 percent advance on Nifty Index.
Indian equities indices traded lower in the opening trade.
The S&P BSE Sensex declined as much as 0.19 percent to 41,066.95 and the NSE Nifty 50 declined 0.29 percent to 12,065.45 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded lower.
The market breadth was tilted in favour of buyers. About 814 stocks advanced and 656 shares declined on National Stock Exchange.
However, nine out of 11 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Metal Index’s 1.6 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 0.25 percent.
Whirlpool (Q3, YoY)
ACC (Q4, YoY)
KEC International (Q3, YoY)
New India Assurance (Q3, YoY)
Oberoi Realty (Q3, YoY)
Container Corporation of India (Q3, YoY)
Mahanagar Gas (Q3, YoY)
Get your daily fix of global markets here.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
