The BSE and NSE Nifty on Friday ended the first day of the year 2016 with marginal gains in the absence of any major triggers. Sensex inched up by 43.36 points to close at 26,160.90, while Nifty settled 16.85 points higher at 7,963.20.
Below are top stocks that remained in focus in today’s trade:
Jet Airways (India), InterGlobe Aviation and SpiceJet: Shares of aviations companies like Jet Airways (India), InterGlobe Aviation and SpiceJet hit their new 52-week high on reports that oil marketing companies have reduced aviation turbine fuel (ATF) by 10 per cent. At 12.19 am, shares of Jet Airways, InterGlobe Aviation and SpiceJet were trading 7.70 per cent, 10.45 per cent and 12.03 per cent up at Rs 756.55, Rs 1363 and Rs 84.30, respectively. Later, the scrips of Jet Airways, SpiceJet and InterGlobe Aviation closed with 8.28 per cent, 9.44 per cent and 8.73 per cent gains at Rs 760.60, Rs 82.35 and Rs 1341.75, respectively.
Petronet LNG: Stocks of the company closed 1.63 per cent up at Rs 259.00 after it said that it will buy liquefied natural gas (LNG) from Qatar’s Rasgas at virtually half the original cost, the government said in a statement on Thursday during market hours.
IDBI Bank: Stocks of the bank settled 1.12 per cent up at Rs 89.90 after the government gave its go-ahead to IDBI Bank to raise Rs 3,771 crore during the year, by way of Qualified Institutional Placement (QIP), a move which will dilute its holding in the state-owned lender.
KEC International: Stocks of the company were trading 3.35 per cent at Rs 160.25 in early trade after it informed exchanges that it has secured new orders of Rs 1,001 crore in its Transmission and Distribution, cables and solar business. Later, the share price of the company closed 1.16 per cent up at Rs 156.85.
Atul Auto: Shares of the company closed 2.96 per cent up at Rs 564.50 after the company reported 8.01 per cent growth in sales for the month of December 2015 at 4,005 units as compared to 3,708 units sold in December 2014.
Bank of India: Shares of the public sector lender closed 1.87 per cent up at Rs 117.10 after it said that it has raised Rs 3,000 crore by issuing Basel-III complaint tier-II bonds.
Novartis: Shares of the pharma company ended 0.46 per cent down at 805.25 after the it said that it has completed the transaction to sell its animal health business to Elanco India, an affiliate of Eli Lilly.
Om Metals Infraprojects: Shares of the company closed 6.50 per cent up at Rs 56.55 after it informed BSE that it has received a Hydro mechanical works contract worth Rs 105.91 crores from Uttarakhand Jal Vidyut Nigam.