Sensex, Nifty End Flat Amid Fag-End Selling; SpiceJet Rallies 12%, IndiGo Sheds 5%

Sensex Today: The key benchmark indices ended on a flat note owing to late volatility on account of the weekly Nifty F&O expiry. The NSE Nifty hit a high of 18,135, but dipped into red and touched a low of 18,001 towards the fag end of the day.

The Nifty 50 finally settled 20 points higher at 18,036. In the process, the Nifty has added 264 points in the last three straight trading sessions.

The S&P BSE Sensex scaled a fresh calendar year high at 61,682 in morning deals led by strong gains in IT shares. However, the late sell-off, saw the BSE benchmark forfeit all its gains and slip into red to a low of 61,197 – down 485 points from the day’s high. The Sensex eventually ended 44 points higher at 61,320.

The wife of IndiGo’s co-founder is likely to sell a 4% stake in the Indian carrier’s parent, InterGlobe Aviation Ltd (INGL.NS), for 29.30 billion rupees ($353.8 million) through a block deal, Reuters reported quoting a news report, citing sources. The offer floor price for the sale by Shobha Gangwal, the wife of IndiGo co-founder Rakesh Gangwal, has been set at 1,875 rupees per share, the news channel reported. The price is at a 5.6% discount to InterGlobe’s closing price on Wednesday.