Volatile markets ended with modest gains on Monday. After starting off at day’s low, markets pulled back smartly in the second half led by gains in the index heavyweights Bharti Airtel, Infosys, ONGC and L&T. Sentiment further got a fillip after European markets started off with smart gains.
The BSE Sensex ended up 20 points at 15,935 after touching a high of 16,061 and a low of 15,651. The Nifty ended flat at 4,760.
Equity markets in Asia ended in the red. The Nikkei in Japan was down 1%, while Australia's S&P/ASX ended flat. The Shanghai SE Composite ended flat and Hang Seng index in Hong Kong was down 0.6%.
In Europe, stocks were trading higher. The DAX in Germany was up 0.7% and the CAC 40 index in France was up 0.9%. The FTSE in the UK was up 0.6%.
Coming back to India, among the BSE sectoral indices, the BSE Capital Goods index was the top gainer, adding 0.6%, followed by Teck index that was up 0.5% and BSE Banking index was up 0.4%. The BSE Mid-Cap and BSE Small-Cap index ended almost unchanged.
Among the 30-components of Sensex 16 ended in the positive terrain and 14 ended in the red. Bharti, Infosys, ONGC, L&T and SBI were among the top gainers. On the other hand, major losers were Tata Steel, Hindalco, TCS and Wipro.
Outside the frontline indices, the big losers in the broader market were Gujarat NRE Coke, REC, Spice Comm and REI Agro. On the other hand, gainers included Chambal Fert, LITL, P&G and Dabur India.
Jubilant Foodworks, running the fast food chain under the Dominos pizza brand ended the day with delicious gains registering 66% rise as against its issue price of Rs145.
The price band of IPO, through which the company expects to raise up to Rs3.29bn, was fixed between Rs135 to Rs145 per equity. The issue closed on January 20.
The company had entered the capital market with an issue size of 2.26crore equity shares of Rs10 each. At the upper end of price band, the offer is valued worth Rs3.29bn.
The company had already roped in several anchor investors that includes Reliance MF, SBI MF, Blackrock, Canara Robeco MF and Fidelity for a total investment of Rs443mn under its pre-IPO placement.
The company earlier reported a surge in Oct-Dec net profit to Rs113.7mn, compared with Rs17.7m a year ago. Its total income grew to Rs1.17bnn from Rs780.3m for the quarter.
The firm also plans to open 65-70 new stores in the current fiscal, of which it has opened 55 as of Dec 31, 2009.
Shares of Madhucon Projects surged by over 3% to end at Rs161 after the company announced that it secured 75MW Hydro Power project from Uttarakhand Jal Vidyut Nigam Limited, Government of Uttarakhand. The scrip opened at Rs160 it touched an intra-day high of Rs167 and a low of Rs157 and recorded volumes of over 82,000 shares on BSE.
Shares of Sobha Developers ended lower by 3.5% at Rs256. The company had nearly 4.1% equity shares changed hands in a single transaction. The transaction was at an average price of Rs265 per share on the BSE. The scrip opened at Rs266 it touched an intra-day high of Rs277 and a low of Rs254 and recorded volumes of over 4.6mn shares on BSE.
Shares of Taneja Aerospace shot up by over 16% to end at Rs48 after ~234,030 equity shares, or 0.9% of its equity, changed hands in seven blocks on the BSE. The trading volume surged over 6x the three-month daily average.
The scrip opened at Rs42 it touched an intra-day high of Rs49 and a low of Rs41.7 and recorded volumes of over 2.2mn shares on BSE.