Volumes jump at Muthoot Finance counter

Supreme Industries, Future Consumer Enterprise, Global Offshore Services and SpiceJet are among the other stocks to see a surge in volumes on BSE today, 13 October 2015.

Muthoot Finance clocked volume of 7.56 lakh shares by 12:40 IST on BSE, a 22.32-times surge over two-week average daily volume of 34,000 shares. The stock fell 1.41% to Rs 181.95 after a bulk deal of 7.44 lakh shares was executed on the scrip at Rs 183.50 per share at 11:20 IST on BSE today, 13 October 2015.

Supreme Industries notched up volume of 2.60 lakh shares, a 12.31-fold surge over two-week average daily volume of 21,000 shares. The stock fell 0.58% to Rs 630.40.

Future Consumer Enterprise saw volume of 40.60 lakh shares, a 4.24-fold surge over two-week average daily volume of 9.58 lakh shares. The stock rose 14.44% to Rs 20.60.

Global Offshore Services clocked volume of 1.89 lakh shares, a 3.99-fold surge over two-week average daily volume of 47,000 shares. The stock fell 16.11% to Rs 418.45.

SpiceJet saw volume of 2.24 crore shares, a 3.36-fold rise over two-week average daily volume of 66.65 lakh shares. The stock rose 15.11% to Rs 35.80 after a sharp decline in global crude oil prices yesterday, 12 October 2015.

In global commodities markets, Brent crude prices edged higher after previous trading session's sharp decline. Brent for November settlement was currently up 45 cents at $50.31 a barrel. The contract had slumped $2.79 a barrel or 5.29% to settle at $49.86 a barrel during the previous trading session. Brent for December settlement was currently up 40 cents at $50.65 a barrel.

Lower crude oil prices benefit aviation firms as jet fuel prices, which typically constitute about 50% of airlines' operating costs, are directly linked to international crude oil prices.

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