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Shares of the Ludhiana-based textile maker rose as much as 7.94 percent, the most since Oct. 15, to Rs 75.45 after its profit rose 53 percent in December quarter beating Bloomberg consensus estimates.
Key earnings highlights:
Nifty's 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract surged 66 percent to Rs 75.10. Over 6.50 lakh shares were reduced from the open interest which stood at over 42.72 lakh shares.
Shares of the Noida-based news channel operator came off day's highs and traded 0.9 percent higher at Rs 40.25 after it reported loss in December quarter.
Key earnings highlights:
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based television channel operator rose as much as 3.38 percent to Rs 463.25 ahead of its December quarter earnings.
Here is what to expect from Zee Entertainment in December quarter (Consolidated Bloomberg estimates YoY):
Shares of the Delhi-based software developer rose as much as 5.66 percent to Rs 56 after its board approved share buyback proposal.
R Systems will buy back 37 lakh shares at Rs 65 apiece for total consideration of Rs 23.90 crore, the company said in an exchange filing.
Shares of the Delhi-based broadcasting company rose as much as 4.81 percent, the most in over a month to Rs 39.25 after it reported December quarter earnings.
Key earnings highlights:
December quarter numbers are not comparable as Viacom18 Media Private Limited and IndiaCast Media Distribution Private Limited became subsidiaries of TV18 Broadcast with effect from March 2018, the company said in an exchange filing.
Indian equity benchmarks held on to gains paced by a rally in Yes Bank, Infosys, Reliance Industries and TCS.
The S&P BSE Sensex rose 1 percent or 357 points to 36,211 and the NSE Nifty 50 Index climbed 1.02 percent or 109 points to 10,847.
All 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty IT Index's 2.7 percent gain.
Mid- and small-cap shares were also witnessing buying interest as the Nifty Midcap 100 Index rose 0.51 percent and Nifty Smallcap 100 Index advanced 0.72 percent.
Nifty’s 11,000 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract jumped 41.57 percent to Rs 63.85. Over 2.87 lakh shares were removed form the open interest which stood at over 46.34 lakh shares.
About 12 lakh shares of Federal bank changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.
Shares of the construction company halted a two-day decline and rose as much as 1.1 percent to Rs 1,348.
The company’s Hydrocarbon Consortium won EPCI order from Saudi Aramco, according to its statement on the exchanges.
The stock traded at 19 times its estimated forward earnings per share compared to a 22.2 times for the two-year historical average, Bloomberg data showed.
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The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose rose 0.5 percent to 10,823 as of 8:20 a.m.
Asian stocks steadied Tuesday, as markets recovered from the impact of weak economic data in Europe and China Monday that sparked concerns about slowing global growth.
Equities reversed losses in Japan and climbed in Australia and Hong Kong as U.S. futures rebounded. Chinese shares were little changed.
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