Jet Airways surged further and zoomed to a high of Rs 412, up 25% from the day's low. The scrip finally settled at Rs 398, up 9% from the previous close. The counter clcoked volumes of 1.28 million shares as compared to the two-week daily average traded volumes of 572,048 shares on the BSE.

SpiceJet soared to a high of Rs 38 and finally ened at Rs 37, up 4% from the previous close. The counter clocked volumes of 5.7 million shares as compared to the two-week daily average traded volumes of 3.18 million shares on the BSE.
___________________________________________
(Updated at 1330hrs)

Both the airways have rebounded into the positive zone. Jet Airways has touched a high of Rs 386 - up 16% from the day's low. The stock is now up 4% at Rs 381.

SpiceJet is up 2.5% at Rs 36.85. The stock had managed to gain 18% from the day's low to touch a high of Rs 38.20.
_______________________________________________
(Updated at 1014 hrs)

Jet Airways has dropped in opening trades following a loss in Q2 net profit.

BSE  |  NSE Price

Also Read   Related Stories News Now - SpiceJet reports net loss at Rs 101 crore - Jet Airways sees Rs 407-cr loss - Jet Airways net loss widens 6% to Rs 406 cr - Mumbai airport operations to be hit every Tuesday - Aviation industry sees 20% less aircraft acquisition - Newsmaker: Analjit Singh

Also Read   Related Stories News Now - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15% More

Yesterday the stock had lost 9% and 6% in the last two days taking its total loss in the past week to 22%.Over 47,991 shares have been traded on the BSE so far.

According to a release issued by the company, the loss before tax has decreased 30% to Rs  406.70 crore in the quarter ening September 2009 from a loss of Rs 578.50 crore in the corresponding quarter a year ago. Revenue has decreased 27% to Rs 2,381 crore in Q2FY10.

SpiceJet declared a loss of Rs 101.29 crore in Q2FY10 as against a loss of Rs 197.54 crore in Q2FY09 - trimming of 49%. The total income increased 27% from Rs 366.39 crore in Q2FY09 to Rs 465.29 crore in Q2FY10.

The latter stock opened at Rs 34.70 and touched a low of Rs 33.20. The stock is now trading with a loss of 6.5% at Rs 33.55. It has dropped 15% in the past week. Over 335,400 shares have changed hands at the BSE so far.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

Tags : Jet Airways | Spicejet | stock market | BSE | gainers & losers   Read Business news in  Advertisements -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Journey on, We are by Your Side. Click here to know more -  Help a Child Achieve her. Click to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More