Benchmark indices BSE Sensex and NSE Nifty rallied on the last day of the week following a firm trend at other Asian markets, tracking overnight gains in the US markets on hints of additional stimulus by central banks and a rise in oil prices from 12-year lows, leading to a strong triple digit rally on Friday.
Sensex closed 473 points, or 1.98 per cent, up at 24,435.66, while Nifty 50 index settled 145.65 points, or 2 per cent, up at 7,422.45.
Below are the top 6 stocks that remained in news today
ITC: ITC Ltd on Friday reported a marginal increase in standalone net profit at Rs 2,652.82 crore for the
third quarter ended December 31. The company posted a net profit of Rs 2,635.00 crore during the same period last fiscal. ITC announced its Q3 result on Friday post market hours. The share price of the company closed 0.63 per cent up at Rs 308.65.
Idea Cellular: Telecom operator Idea Cellular on Thursday reported a marginal decline in consolidated net profit at Rs 764.21 crore for the quarter of 2015-16. The company had posted a net profit of Rs 767.06 crore for the same period a year ago. The net sales of the company increased by 12.37 per cent to Rs 9,009.69 crore during the reported quarter from Rs 8,017.47 crore in corresponding period of 2014-15. Shares of Idea closed 6.19 per cent down at Rs 106.85.
Vedanta: Goa Investment Promotion Board (GIPB) has granted in-principle approval to various proposals by Vedanta Limited for expansion of existing capacities at its pig iron plant. The company had put up a proposal for enhancement of its pig iron, coke, sinter and power plant at Navelim village, about 30 km from here, a senior GIPB member told PTI. Shares of Vedanta settled 3.60 per cent up at Rs 64.75.
InterGlobe Aviation: Shares of InterGlobe Aviation (IndiGo), which operates India’s largest airline IndiGo, on Friday witnessed heaving selling, plummeting nearly 19 per cent on investor concerns over the targeted fleet size by March due to delay in supply of more fuel-efficient planes by Airbus.
Reliance Capital: Reliance Capital shares gained as much as 4 per cent after the company posted 121 per cent rise in its net profit figures to Rs 168 crore for the quarter ended December 2015. The company registered net profit of Rs 76 in the corresponding quarter a year ago. Sensex was up 424 points at 24,387.
Syngene International: Biocon’s contract research arm Syngene International on Thursday reported 31.25 per cent rise in net profit to Rs 58.8 crore for the third quarter of 2015-16 financial year. The company had posted a net profit of Rs 44.8 crore during the October-December period of previous fiscal, Syngene International said in a filing to BSE. Shares of the company closed 7.89 per cent up at Rs 396.60.