Traders monitor data on banks of desktop computer monitors on the trading floor in Essen, Germany. (Photographer: Jasper Juinen/Bloomberg)

Sensex, Nifty End Higher For Third Day; Jet Airways Jumps Nearly 9%

Latest First
  • Oldest First

Bloomberg Exclusive: Leela Suitor Is Said To Plan Overseas Expansion For Indian Chain

A consortium including investment firm Trinity White City Ventures is planning to aggressively expand Hotel Leelaventure Ltd. if its bid for the Indian hospitality firm is successful, Bloomberg reported.

The investor group plans to expand Hotel Leelaventure’s business in India, Asia and other parts of the world after fixing its immediate financial issues, according to a letter to the company and its creditors obtained by Bloomberg. The consortium, which is also backed by Thailand’s Minor International Pcl, has earmarked $100 million for growing the Mumbai-based hotel chain, the letter shows.

Closing Bell: Sensex, Nifty End Higher For Third Day

Indian equity benchmarks ended higher for the third day, led by the gains in Tata Consultancy Services Ltd. and Reliance Industries Ltd.

The S&P BSE Sensex Index ended 0.57 percent higher at 35,716.95 and the NSE Nifty 50 Index ended at 10,728.85, up 0.4 percent.

The market breadth, however, was tilted in favour of sellers. About 1,131 stocks declined and 593 shares advanced on NSE.

Six out of 11 sectoral gauges compiled by NSE fell, led by the NSE Nifty PSU abnk Index's 1.9 percent decline. On the flipside, the NSE Nifty IT Index was the top sectoral gainer, up 2.86 percent.

Sensex, Nifty End Higher For Third Day; Jet Airways Jumps Nearly 9%

From Bloomberg: Government To Seek Interim Dividend From RBI This Fiscal Also, Official Says

The practice of interim dividend from the Reserve Bank of India is here to stay, a government official told reporters in New Delhi asking not to be identified citing rules.

Stocks Moving On Heavy Volumes

TTK Prestige

  • Stock rose as much as 5.2 percent to Rs 7,188.
  • Trading volume was quadruple its 20-day average.

Firstsource Solutions

  • Stock rose as much as 9.5 percent to Rs 52.35.
  • Trading volume was almost quadruple its 20-day average.

Aavas Financiers

  • Stock rose as much as 8.2 percent to Rs 784.85.
  • Trading volume was almost quadruple its 20-day average.

REC

  • Stock fell as much as 10.8 percent to Rs 108.85.
  • Trading volume was double the 20-day average.

Yes Bank Extends Decline, Falls Over 10%

Shares of Yes Bank extended declines and fell as much as 10.1 percent. The stock is set for its worst closing since March 2016.

About 11 lakh shares changed hands in a block deal, Bloomberg reported. Buyers and sellers were not known immediately.

Sensex, Nifty End Higher For Third Day; Jet Airways Jumps Nearly 9%