Jet Airways has said it would deploy a bigger aircraft, a wide-body Airbus A330, on Delhi-Singapore route, offering 50 per cent more seat capacity on the route, from 25th of this month. (Photo: Reuters)

Shares of Jet Airways jumped as much as 1.4 per cent in the early trade on Friday after the airline major on Thursday informed BSE that it will upgrade its daily flights between Delhi and Singapore to an Airbus A330, from 25th of this month. This will enable guests on this high demand sector to experience enhanced cabin comfort on board the wide-body aircraft, while offering convenient connections for those travelling from India to Australia and the ASEAN region over Singapore on code-share and interline partner airlines.

At 9.32 am, Jet Airways share price was up 0.80 per cent at Rs 432.10. The scrip opened at Rs 425 and had touched a high and low of Rs 437.40 and Rs 425, respectively, in trade so far. Sensex was down 0.96 per cent at 25,619.79.

In a BSE filing, the company said, “The upgraded service will offer 50 per cent more seat capacity than the Boeing 737 currently operating on this route.”

The A330 offers guests Jet Airways’ award winning inflight experience with enhanced cabin comfort and a customised two-cabin seating configuration of 18 seats in Premiere and 236 in Economy.

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high of Rs 543.50 on 02-Feb-2015 and a 52 week low of Rs 240.75 on 25-Nov-2014.

Last one week high and low of the scrip stood at Rs 455 and Rs. 390 respectively. The current market capitalisation of the company is Rs 4,921 crore.

The promoters holding in the company stood at 51 per cent while institutions and non-institutions held 14.09 per cent and 34.91 per cent, respectively.

Jet Airways currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.01 years.

The BSE Sensex and NSE Nifty opened in red on Friday tracking weak global markets. (Photo: PTI)

10.19 am: A weak trend in other Asian markets in line with heavy losses in Europe and the US after commodity prices plunged to multi-year lows on worries that softer global growth may exacerbate the supply glut also weighed on the sentiment here. Out of 1,979 stocks traded on the BSE, 1,238 have declined and 633 advanced so far.

10.07 am: Sensex was down 238 points at 25,628. Brokers said market mood took a hit after a government data showed that industrial production fell to a four-month low of 3.6 per cent in September due to subdued performance by manufacturing and non-durable consumer goods segments. Adding to the gloom was inflation, which rose for a third straight month and touched 5 per cent in October.

9.56 am: The rupee appreciated by 11 paise to 66.20 against the US dollar in early trade on Friday on increased selling of the American currency by exporters.

9.30 am: Jet Airways shares gained over 1 per cent in the early trade on Friday after the company on Thursday informed BSE that it will upgrade its daily flights between Delhi and Singapore to an Airbus A330, from 25th of this month.

9.19 am: Sensex was down 227.50 points at 25639.45. Meanwhile, BSE received an update from the promoters of Essar Ports in relation to the proposed delisting of the equity shares of the company. The discovered price pursuant to tendering in the reverse book builiding process in terms of Delisting regulations is Rs 133 per equity share (Exit price). Shares of Essar Ports were trading 1.33 per cent up at Rs 129.35 in the early trade on Friday.

9.15 am: The BSE Sensex and NSE Nifty opened in red on Friday tracking weak global markets. Sensex opened 142.86 points down at 25,724.09. Nifty opened 62.55 points down at 7,762.45.

Asian shares looked vulnerable on Friday after commodity prices plunged to multi-year lows on worries that softer global growth may exacerbate the supply glut, while US Federal Reserve officials kept beating the drum for a rate hike next month.

Wall Street also suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

Back home, metal and oil & gas stocks are likely to be under pressure on Friday due to fall in global commodity prices.

Companies such as Kaveri Seed, BGR Energy, Shipping Corporation, Wockhardt, CESC, Hindustan Dorr-Oliver, GMR Infra, EID Parry, IVRCL, J&K Bank, Jindal Saw, Mcnally Bharat Eng, MMTC and Nectar Lifescience may announce their results on Friday.

The first trading session of Samvat year 2072 ended on a positive note on Wednesday with the benchmark BSE Sensex rising 124 points and the NSE Nifty regaining the 7,800-mark, snapping a five-day long losing streak.

In special Muhurat one-hour trading session, the Sensex recovered by 123.69 points, or 0.48 per cent, to close at 25,866.95. Intra-day, the gauge hit session’s high of 25,944.93 and a low of 25,853.42. The gauge had lost 847.33 points in the past five sessions.

On similar lines, the broad-based National Stock Exchange index Nifty regained the psychological 7,800-mark by rising 41.65 points, or 0.54 per cent, to end at 7,825 after touching the session’s high of 7,847.95 and a low of 7,819.10.

(With inputs from agencies)

The BSE Sensex and NSE Nifty are likely to open in red on Friday tracking SGX Nifty and weak global markets. (Express Photo)

The BSE Sensex and NSE Nifty are likely to open in red on Friday tracking SGX Nifty and weak global markets.

At 8.16 am (IST), SGX Nifty was down 37 points, or 0.48 per cent, at 7,774.50.

Asian shares looked vulnerable on Friday after commodity prices plunged to multi-year lows on worries that softer global growth may exacerbate the supply glut, while US Federal Reserve officials kept beating the drum for a rate hike next month.

Hang Seng, Nikkei and Shanghai were down 2.21 per cent, 0.92 per cent and 1.40 per cent, respectively.

Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

Back home, metal and oil & gas stocks are likely to be under pressure on Friday due to fall in global commodity prices.

Companies such as Kaveri Seed, BGR Energy, Shipping Corporation, Wockhardt, CESC, Hindustan Dorr-Oliver, GMR Infra, EID Parry, IVRCL, J&K Bank, Jindal Saw, Mcnally Bharat Eng, MMTC and Nectar Lifescience may announce their results on Friday.

The first trading session of Samvat year 2072 ended on a positive note on Wednesday with the benchmark BSE Sensex rising 124 points and the NSE Nifty regaining the 7,800-mark, snapping a five-day long losing streak. In special Muhurat one-hour trading session, the Sensex recovered by 123.69 points, or 0.48 per cent, to close at 25,866.95. Intra-day, the gauge hit session’s high of 25,944.93 and a low of 25,853.42. The gauge had lost 847.33 points in the past five sessions.

On similar lines, the broad-based National Stock Exchange index Nifty regained the psychological 7,800-mark by rising 41.65 points, or 0.54 per cent, to end at 7,825 after touching the session’s high of 7,847.95 and a low of 7,819.10.

(With inputs from agencies)

Stocks of Tata Steel will be in focus as it has received green nod for expansion as well as setting up of two units at its Joda plant in Keonjhar district, Odisha, entailing an investment of over Rs 185 crore. (Photo: Reuters)

The auspicious Muhurat trade on the first day of Hindu Samavat 2072 ended on a positive note on Wednesday as equities staged a smart rebound after a five-session slump with the benchmark Sensex surging by 124 points to close at 25,866.95.

Here are few stocks which are likely to remain in focus today:

1) Indiabulls Housing Finance: The company on Thursday said it will acquire a 39.76 per cent stake in the UK’s OakNorth Bank for $100 million (about Rs 661 crore), which will help it chart a roadmap to a deposit-taking franchise.

2) Tata Motors: Tata Motors on November 10 post market hours informed BSE that it has posted 13.31 per cent increase in global sales, including Jaguar Land Rover’s, at 92,949 units in October. The company had sold 82,026 units in the same month last year.

3) Dr Reddy’s Laboratories: In a fresh jolt to Dr Reddy’s Laboratories, a US court has directed the pharma major to temporarily stop selling its generic version of Esomeprazole in the American market. According to a statement issued by the company, the US District Court of Delaware issued the order based on a motion moved by AstraZeneca objecting to the usage of the colour purple in the generic version of Nexium (Esomeprazole).

4) Kokuyo Camlin: The company on November 10 informed BSE that it has received Rs 10,323.66 lakh by way of allotment of equity Shares on Rights basis to the members of the company. In terms of Clause 43 of the Listing Agreement, the utilisation of the aforesaid amount of Rs 10,323.66 lakh for the quarter ended September 30, 2015.

5) CESC: CESC will announce its results for the second quarter ended September 30, 2015 on Friday. For the first quarter ended June 30, 2015, the company posted net profit of Rs 152 crore, up 0.66 per cent, against Rs 151 crore in the corresponding quarter last year.

6) Coal India: The company will also announce its Q2 results on November 13. For the quarter ended, the company posted a consolidated net profit of Rs 3764.34 crore, down 6.67 per cent, against Rs 4033.22 crore in the corresponding quarter a year ago.

7) HCL Technologies: IBM Corp and HCL Technologies on Thursday announced a strategic partnership to jointly build hybrid cloud solutions to help enterprises drive their digital transformations. HCL will use Bluemix, IBM’s Cloud platform to build applications and solutions in the areas of Unified Service Management and Internet of Things (IoT).

8) National Fertilizers: The company on Thursday informed BSE that its has posted a standalone net profit of Rs 5,410 crore for the quarter ended September 30, 2015. It posted net profit of Rs 6,175 crore in the same quarter last year.

9) Indian Overseas Bank: The bank on November 12 informed BSE that the interational credit rating agency Moody’s Investors Service, Singapore, has affiremed the bank’s deposit ratings and downgraded Baseline Credit Assessment to b3; changed outlook to negative from stable.

10) Muthoot Fincorp: The company on Thursday informed BSE that November 16, 2015 has been fixed as the Record Date for the purpose of payment of Interest for NCD.

11) Tata Steel: The company has received green nod for expansion as well as setting up of two units at its Joda plant in Keonjhar district, Odisha, entailing an investment of over Rs 185 crore.

12) Spicejet: The airline on Thursday reported a net profit of Rs 23.77 crore in the three months ended September on the back of a steep fall in fuel costs and other expenses. It had a net loss of Rs 310.45 crore in the year-ago period.

13) Unitech: The realty firm’s bookings remained flat at Rs 524 crore in the first six months of this financial year due to demand slowdwon in the property market. It had sales bookings of Rs 527 crore in the first half of 2014-15 fiscal.

With motorcycle sales during April-October declining 2.57% on a year-on-year basis, market leader Hero MotoCorp has seen its market share come under pressure. The company, which consistently clocked above 50% market share month-on month since November 2014, has seen it coming under 50% to 48.89% this October.

In October 2014, its share had slid to 48.69% after which it had again started to rise, to touch a high of 55.41% in December 2014. In the current fiscal, it maintained market share in the rage of 53% during April-June, after which it started sliding to touch below 50% in October.

However, the trend shows that no major player is gaining at the cost of Hero. Its main competitors, Bajaj Auto and Honda Motorcycle and Scooter have also not seen consistent growth during the period. However, During July-October the two have gained a few percentage points but not consistently. Therefore, it remains to be seen whether in the next few months Hero regains its market share.

Hero MotoCorp’s motorcycle sales have witnessed a month on month decline in four of the seven months this fiscal, including October. In the first seven months, motorcycle sales saw a decline of 2.57% over the same period last year, while scooter sales saw a growth of 13.94%. In October this year, motorcycle sales saw double-digit growth for the first time since March, mainly driven by festive demand for the Navratras and inventory stocking for Diwali sales.

Motorcycle sales have become a worrying factor for Hero MotoCorp as almost half of its sales in the segment come from the rural market. Moreover, while the demand for motorcycles has been low across urban and rural markets, rural markets have been more impacted.

Speaking to analysts after the second quarter financial results, Ashok Bhasin, head of sales and marketing, said that in the first half of the financial year, both urban and rural markets for motorcycles got impacted. “I would say in rural the decline would have been slightly higher maybe more like 8-10% and in urban areas it would have been a lower number of 2-3%, so both have got impacted. Rural of course have got impacted more, so indicated by many other indicators from rural demand,” he said. A recent Icra report on the Indian two-wheeler industry estimates the industry to grow by a meagre 2-4% in volume in the entire 2015-16.

In order to climb back to its dominant position in the overall two-wheeler market, Hero MotoCorp has brought in two new indigenously developed scooters, as the scooter demand has been strong in recent years. The scooter segment, which is dominated by Honda Motorcycle and Scooters with a market share of over 50%, has grown in double digits for over a year, barring a few months.