Jet Airways stock gained 6% on the BSE. As per a media report, the airline company may get the loan from banks led by State Bank of India against shares pledged by founder and Chairman Naresh Goyal and partner Etihad Airways PJSC and backed by their guarantees. The airline company on Thursday posted a net loss of Rs587.8cr for the third quarter ended December 2018 on higher crude oil prices
Shares of ONGC jumped 5% after the company reported a 65% yoy increase in net profit to Rs8,262.70cr.
The Sensex is down 157 points at 35,726, while the Nifty slipped 61 points at 10,685. The market breadth was negative with 611 shares advancing, 917 shares declining, and 510 remaining unchanged.
ONGC, NTPC, Power Grid, IOC, and BPCL are trading higher on the NSE, while Sun Pharma, HPCL, JSW Steel, and HDFC BANK are trading lower.
Volatility index India VIX was up 6.11% at 16.73.
The most active stocks were SBI, Yes Bank, ONGC, and L&T.