Reuters Market Eye - Jet Airways Ltd(JET.NS) extends gains for a sixth day, up 1.5 percent, while Kingfisher Airlines Ltd(KING.NS) is up 2.7 percent as Etihad Airways enters in the final stages of talks to buy a stake in either of them.
Buying into Jet is seen as more lucrative for Etihad as the two carriers already have a code-sharing agreement and could target the market share of state-owned Air India and Dubai-based Emirates Airline.
But a stake in Kingfisher would be cheaper, analysts say.
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article