By Aditya Raghunath
Investing.com -- Indian benchmarks, the BSE Sensex and Nifty traded flat on November 18 as market players booked gains after two weeks of an upsurge. Sensex was down 0.12% while Nifty dropped 0.16% at the time of this report.
Recovery stocks, those in the airlines and hotels space, had gained a lot on November 17. Some of them have built on their momentum while others saw profit booking. Interglobe Aviation Ltd (NS: INGL ) had gained 1.8% on Tuesday and is currently up 1.6%. SpiceJet is up 5.75% today building on its 6% gain on Tuesday.
Indian Hotels Co. Ltd (NS: IHTL ) is down almost 2% after rising 6.5% on November 17. Chalet Hotels Ltd (NS: CHAL ) gained 8.2% yesterday and has now dropped by 1.64%. EIH (NS: EIHO ) is down 2.26% after gaining 6.9% yesterday.
In the travel space, Thomas Cook (NS: THOM ) India has hit the upper circuit (19.99%) for the second day in a row today.
The Bank Nifty is continuing its meteoric rise on the back of a strong rally in public sector banks led by Bank of Baroda Ltd (NS: BOB ) (up 2.21%), Punjab National Bank (NS: PNBK ) (up 2.01%), and State Bank of India (NS: SBI ) (up 1.67%). Bank Nifty is trading up 0.56% as of this report.
Lakshmi Vilas Bank Ltd (NS: LVLS ) stock has hit its lower circuit (down 19.99%) after news emerged that the entire capital of the bank will be written off if its proposed merger with DBS Bank India goes through.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.