Aviation shares in demand; Jet Airways gains over 10%
Shares of aviation companies like Jet Airways (India) and Spicejet have rallied by up to 9% in otherwise weak market on back of heavy volumes on the bourses.Jet Airways (India) has soared nearly 11% to Rs 246 on NSE on back of two-fold jump in trading volumes.Spicejet has surged nearly 9% to Rs 14.99 on BSE. The counter has seen huge trading volumes with 5.1 million shares changed hands till 1510 hours against an average sub 2 million shares that were traded daily on BSE.
Metal shares decline after China coal, iron ore imports drop
Shares of metal companies are trading lower up to 5% on the NSE on the back of swift retreat in Chinese demand for iron ore and coal which in turn led the global iron ore prices to touch near five-year lows and local coal prices to their weakest in six years.
Infosys Q2 results: Should you buy the stock now?
Infosys, which surpassed expectations by announcing a 1:1 bonus issue and its financial performance with a net profit of Rs 3,096 crore in the September quarter, has seen heavy buying at the bourses. In noon deals, the stock is trading nearly 7% higher at Rs 3,900 levels.
Special court to hear Sebi matters likely soon
A special court may be set up soon to fast-track prosecution and investigations initiated by the Securities and Exchange Board of India (Sebi) against defaulters, after the the regulator raised the issue with the government and judiciary.
Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips..