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Aviation stocks and IDBI Bank among top stocks that trended on New Year's Day trade

Shares of IDBI Bank gained 1.12 per cent after the government gave its go-ahead to the bank to raise Rs 3,771 crore during the year, by way of Qualified Institutional Placement (QIP).

Photo: Reuters Photo: Reuters

The S&P BSE Sensex kicked off year 2016 on a flat note and ended the day 46 points higher, while broader CNX Nifty settled above its key support level of 7,950.

Participation in the domestic markets remained weak on Day 1 of January F&O series as most of global equity markets stayed closed to observe New Year's Day. 

The 30-share index ended the day at 26,160.90, up 43.36 points, while broad-based 50-share index quoted 7,963.20, up 16.85 points at close.

Market breadth remained positive with 17 of the 30 Sensex components ending the day in green.

 

Here are top stocks that remained in focus today:

  1. Aviation stocks: Shares of aviation companies such as SpiceJet, Jet Airways and InterGlobe Aviation rallied up to 14 per cent on New Year's day after the oil companies cut aviation turbine fuel (ATF) prices by 10 per cent on Thursday on account of low crude oil prices globally.
  2. Petronet LNG: Shares of Petronet LNG climbed 1.63 per cent after the company announced that it has entered into a binding sale and purchase agreement (SPA) with Qatar's RasGas for supply of an additional 1 MTA of LNG to India starting in 2016 for onward sale to IOC, BPCL, GAIL and Gujarat State Petroleum Corporation.
  3. IDBI Bank: Shares of IDBI Bank gained 1.12 per cent after the government gave its go-ahead to the bank to raise Rs 3,771 crore during the year, by way of Qualified Institutional Placement (QIP).
  4. KEC International: Shares of KEC International surged about 6 per cent in Friday's trade after the company bagged an order worth Rs 1,001 crore for transfer and distribution cables and for solar business. The scrip ended 1.16 per cent up.
  5. HDFC: HDFC shares fell as much as 1 per cent after the company announced that profit on sale of investments for the December quarter fell to Rs 57 crore from Rs 113 crore during the same period last year. The stock ended 0.42 per cent lower.