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.
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