ETMarkets After Hours: IT falters, Den Networks on a roll, realty bleeds
By Swati Verma
NEW DELHI: The domestic stock market brought up a fresh closing peak on Friday, spurred by heavy buying in banking, energy and auto stocks.
The BSE Sensex today added 89 points to end at 34,592. ICICI Bank was the winner of the day, up 2.63 per cent, and Bharti Airtel fell the most by 1.04 per cent .
Here’s a look at the top stocks/sectors that made headlines on Dalal Street:
IT slips despite positive Q3 nos from TCS
The Nifty IT index ended in the negative zone despite positive Q3 earnings by IT behemoth TCS. Shares of the software giant Infosys also finished flat ahead of its Q3 results, which came after market hours. The company reported a 37.6 per cent sequential rise in net profit at Rs 5,129 crore for the September quarter. The number came in way higher than Rs 3,599 crore as estimated by analysts in an ET Now poll. The stock settled at Rs 1,079, up 0.26 per cent on the NSE.
Dish TV sinks 8%
Dish TV India tanked as much as 8.1 per cent on Friday, hit by concerns arising out of insolvency proceedings against certain entities of the Videocon Group. The direct-to-home operator is assessing the impact on rights and obligations under its merger deal with Videocon d2h following insolvency action against the said entities. The scrip slid to Rs 77, its lowest since November 23. In percentage terms, the intra-day loss was the biggest since July 21. The stock settled at Rs 78, down 6.55 per cent.
Spurt in open interest:
Stock of Jain Irrigation Systems witnessed the biggest spike in open interest contracts at 30.35 per cent, followed by Dish TV (27.79 per cent) and Zee Entertainment Enterprises (17.68 per cent).
Den Networks on fire
Den Networks hit the upper circuit limit of 20 per cent to close at Rs 133.55. There were recent reports that the company has agreed to acquire a 51 per cent stake in cable television distributor VBS Digital Distribution Network for Rs 2.64 crore ($416,600) in cash.
Most active stocks:
Shares of RattanIndia Power (up 18 per cent), Reliance Communications (down 5 per cent) and Subex (up 11 per cent) were the most active stocks in terms of volume while those of Infosys (up 0.25 per cent), RIL (up 1 per cent) and Maruti Suzuki (up 1 per cent) were the most active in terms of value.
Realty bleeds the most:
Real estate stocks took a big hammering, dragging down the Nifty Realty index 1.46 per cent to 367, with 9 out of 10 constituents ending in the red.
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Via:: Economic Times – Stocks