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ETMarkets After Hours: Future Retail surges 11%; 90 stocks at 52-week high

Here’s a look at the top stocks/sectors that made news during the session:

, ETMarkets.com|
Updated: Nov 22, 2017, 05.33 PM IST
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More than 25 stocks in the Nifty50 closed in the red, with Tech Mahindra falling 2.28 per cent.
More than 25 stocks in the Nifty50 closed in the red, with Tech Mahindra falling 2.28 per cent.
NEW DELHI: Firm global cues helped equity benchmarks Sensex and Nifty to extend their gains for the fifth consecutive session on Wednesday. The 30-share index closed 83 points, or 0.25 per cent, higher at 33,561, while the 50-share Nifty ended 15.40 points, or 0.15 per cent, up at 10,342.

More than 25 stocks in the Nifty50 closed in the red, with Tech Mahindra falling 2.28 per cent, followed by Bajaj Finance (down 1.99 per cent) and Hindalco (down 1.74 per cent).

On the other hand, ZEEL, Adani Ports, GAIL, Ambuja Cement and UltaTech Cement gained between 1.50 per cent and 4 per cent.

Here’s a look at the top stocks/sectors that made news during the session:

Future - On a high
Shares of Future Retail (FRL), which owns and runs multiple retail formats such as Big Bazaar, Easyday, FBB and EZone, among others, jumped over 11 per cent after the group’s chief executive Kishore Biyani unveiled a 30-year vision, Retail 3.0, under which it aims to become $1 trillion company by 2047. The group is giving a big push to Easyday stores and has plans to open 10,000 such member-only stores to make it a Rs 1.5 lakh crore business opportunity by 2022. The stock settled 11.68 per cent up at Rs 573.75.

ETMarkets After Hours: Future Retail surges 11%; 90 stocks at 52-week high

Stake buying lifts mood
Shares of TeamLease Services soared over 10 per cent after one of the world’s largest asset management firms bought 5 per cent in listed recruitment and staffing company for about Rs 160 crore. The Baltimore, Maryland-headquartered investment management firm, T Rowe Price, which manages about $970 billion assets, purchased the stake from Mumbai-based mid-market private equity firm Gaja Capital, the first risk capital investor in TeamLease, sources aware of developments told ET. The stock closed 10.40 per cent up at Rs 2,089.

ETMarkets After Hours: Future Retail surges 11%; 90 stocks at 52-week high

Gati slips after fund selling
Shares of Gati plunged as much as 6 per cent after NSE data showed that Green India Venture Fund sold on Tuesday sold 9.50 lakh shares in the logistics firm at Rs 134.19 per share. Later, the scrip closed 3.73 per cent down at Rs 127.60.

ETMarkets After Hours: Future Retail surges 11%; 90 stocks at 52-week high

Jyothy Labs surges after bulk deal
Jyothy Laboratories soared over 6 per cent on BSE after a bulk deal of 6 lakh shares was executed at Rs 363.75 per share. On the BSE, 6.44 lakh shares were traded in the counter on Wednesday, compared with average daily volumes of 20,000 shares in the past two weeks.

ETMarkets After Hours: Future Retail surges 11%; 90 stocks at 52-week high
@fresh 52-week high
As many as 90 companies on the National Stock Exchange hit fresh 52-week high. The list includes stock such as 20 Microns, BASF India, Butterfly Gandhimathi Appliances, Control Print, Jai Corp, Jindal Steel & Power, Oberoi Realty and NCC.

ETMarkets After Hours: Future Retail surges 11%; 90 stocks at 52-week high

Spurt in open interest
Bata India witnessed the biggest spurt in open interest at 36.25 per cent, followed by Zee Entertainment, Jet Airways, Sun TV, Motherson Sumi, NCC and Shree Cements.

ETMarkets After Hours: Future Retail surges 11%; 90 stocks at 52-week high

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