ICICI Bank, SpiceJet among seven stocks that buzzed on Dalal Street today
ICICI Bank, SpiceJet among seven stocks that buzzed on Dalal Street today
Shares of SpiceJet gained over 4 per cent after the airline major said it planned to add at least three Bombardier and four Boeing aircraft to its fleet by the end of the financial year 2016-17.
BusinessToday.In
- Oct 17, 2016,
- Updated Oct 17, 2016 4:08 PM IST
The S&P BSE Sensex on Monday pared all its gains to settle the day 143 points, while the broader Nifty50 ended below its key support level of 8,550.
The headline indices swung between gains and losses as investors braced themselves for a tepid quarterly earnings season, with global equity markets trading lower after Federal Reserve Chair Janet Yellen's comments on the US economy.Yellen, in a speech at a conference of policymakers and academics, laid out the deepening concern at the Fed that U.S. economic potential is slipping - and may need aggressive steps to rebuild.
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The 30-share index ended the day at 27,548, down 124.77 points, while the broad-based 50-share index quoted 8,524, down 58.55 points at close.
Below are seven stocks that buzzed in trade today:
- SpiceJet: Shares of SpiceJet gained 4 per cent after the airline major said it planned to add at least three Bombardier and four Boeing aircraft to its fleet by the end of the financial year 2016-17.
- ICICI Bank, Axis Bank, SBI: Shares of ICICI Bank along with Axis Bank and SBI rose up to 7 per cent after the debt-laden Essar Group confirmed it has agreed to sell an oil unit to a consortium led by Russia's Rosneft. The three banks are the biggest lenders to Essar Group in chronological order.
- Fortis Healthcare: Shares of Fortis Healthcare climbed over 10 per cent intraday after the company said it has completed acquisition of a 51 per cent stake in Fortis Hospotel. It also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.
- NIIT Technologies: Shares of NIIT Technologies declined 6.53 per cent after the company reported 29.69 per cent fall in its net profit at Rs 28.63 crore in the September quarter as compared to Rs 40.72 crore in the corresponding quarter a year ago.
- Granules India: Granules India's Gagillapur facility located at Hyderabad, Telangana, has successfully completed US Food and Drug Administration (USFDA) inspection without any observations. This facility manufactures Finished Dosages (FDs) and Pharmaceutical Formulation Intermediates (PFIs). Reacting to the news, the stock rallied as much as 4.66 per cent, and settled the day over 1 per cent higher.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
The S&P BSE Sensex on Monday pared all its gains to settle the day 143 points, while the broader Nifty50 ended below its key support level of 8,550.
The headline indices swung between gains and losses as investors braced themselves for a tepid quarterly earnings season, with global equity markets trading lower after Federal Reserve Chair Janet Yellen's comments on the US economy.Yellen, in a speech at a conference of policymakers and academics, laid out the deepening concern at the Fed that U.S. economic potential is slipping - and may need aggressive steps to rebuild.
Advertisement
The 30-share index ended the day at 27,548, down 124.77 points, while the broad-based 50-share index quoted 8,524, down 58.55 points at close.
Below are seven stocks that buzzed in trade today:
- SpiceJet: Shares of SpiceJet gained 4 per cent after the airline major said it planned to add at least three Bombardier and four Boeing aircraft to its fleet by the end of the financial year 2016-17.
- ICICI Bank, Axis Bank, SBI: Shares of ICICI Bank along with Axis Bank and SBI rose up to 7 per cent after the debt-laden Essar Group confirmed it has agreed to sell an oil unit to a consortium led by Russia's Rosneft. The three banks are the biggest lenders to Essar Group in chronological order.
- Fortis Healthcare: Shares of Fortis Healthcare climbed over 10 per cent intraday after the company said it has completed acquisition of a 51 per cent stake in Fortis Hospotel. It also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.
- NIIT Technologies: Shares of NIIT Technologies declined 6.53 per cent after the company reported 29.69 per cent fall in its net profit at Rs 28.63 crore in the September quarter as compared to Rs 40.72 crore in the corresponding quarter a year ago.
- Granules India: Granules India's Gagillapur facility located at Hyderabad, Telangana, has successfully completed US Food and Drug Administration (USFDA) inspection without any observations. This facility manufactures Finished Dosages (FDs) and Pharmaceutical Formulation Intermediates (PFIs). Reacting to the news, the stock rallied as much as 4.66 per cent, and settled the day over 1 per cent higher.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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