- L&T to raise $400 mn in foreign debt
- Food products keep Pepsi fizz going
- SpiceJet posts Q1 loss of Rs 129 cr
- Ranbaxy loses Lipitor patent case in Denmark
- Developers may prune hotel projects, sell assets
- Ratnagiri to triple power output
- Sunil Mittal, others back Tatas
- Govt wants GAIL, NTPC to infuse Rs 950 cr in Dabhol
Saturday, August 30, 2008
Sensex rallies 516pts on August 29; financial, realty stocks lead...
Strong cues from global markets coupled with a dip in inflation, saw the Sensex open on August 29 with a positive gap of 231 points at 14,279.
Aggressive buying in financial and realty stocks saw the index rally to higher levels as the day progressed. The upmove was so strong that the market also discounted the GDP numbers, which indicated a slowdown in economic growth to 7.9% in the June quarter.
The index rallied all the way to a high of 14,586, and finally ended on a firm note at 14,565 - up 516 points.
The BSE Bankex soared 6.3% to 7,010, and the Realty index surged over 5% to 4,995.
The market breadth was fairly positive - out of 2,742 stocks traded, 1,847 declined, 794 advanced and 101 were unchanged.
INDEX MOVERS...
SBI zoomed over 7% to Rs 1,404. ICICI Bank soared 6% to Rs 672. HDFC Bank rallied over 5% to Rs 1,277, and HDFC has gained 4.3% at Rs 2,344.
Reliance Infrastructure surged 6% to Rs 991. DLF and Tata Motors advanced around 5.5% each to Rs 493 and Rs 440, respectively.
Jaiprakash Associates and Tata Steel rallied 5% each to Rs 164 and Rs 600, respectively.
BHEL moved up 4.8% to Rs 1,707, and Wipro added 4.4% to Rs 432.
Bharti Airtel soared over 4% to Rs 837. Larsen & Toubro, Tata Power and Satyam advanced around 3.5% each to Rs 2,590, Rs 1,051 and Rs 420, respectively.
Maruti, Sterlite and Reliance were up over 3% each at Rs 650, Rs 627 and Rs 2,137, respectively.
Infosys, NTPC, ITC, Reliance Communications, TCS and ONGC also finished with smart gains.
VALUE & VOLUME TOPPERS
Bharti Airtel topped the value chart with a turnover of Rs 867.60 crore followed by Reliance Capital (Rs 310 crore), ICICI Bank (Rs 171.10 crore), Reliance (Rs 163.50 crore) and SBI (Rs 161.30 crore).
Reliance Natural Resources led the volume chart with trades of around 1.41 crore shares followed by Bharti Airtel (1.07 crore), Chambal Fertilisers (81 lakh), IFCI (78.20 lakh) and Ispat Industries (75.60 lakh).
News...
- Govt asks PFRDA to make pension scheme universal
- After five-year wait, govt finally approves Companies Bill
- Work at Singur plant halted, indefinitely
- L&T to raise $400 mn in foreign debt
- GDP falls to 7.9%
- Govt approves changes to airport tariff regulator Bill
- RBI optimistic on growth this fiscal
- Insurance companies invest more in government securities
- FM wants FIIs in currency futures
- UTI looking for strategic investors, says Chidambaram
- After five-year wait, govt finally approves Companies Bill
- Work at Singur plant halted, indefinitely
- L&T to raise $400 mn in foreign debt
- GDP falls to 7.9%
- Govt approves changes to airport tariff regulator Bill
- RBI optimistic on growth this fiscal
- Insurance companies invest more in government securities
- FM wants FIIs in currency futures
- UTI looking for strategic investors, says Chidambaram
Tuesday, August 26, 2008
Sensex ends up 43pts at 14,493
The Sensex opened with a negative gap of 112 points at 14,338 on the back of weak cues from the global markets. Buying in technology stocks, however, stemmed the downmove.
The index touched a low of 14,286 and thereafter exhibited steady movement for most part of the trading day. Fresh buying in select auto and banking stocks in late noon trades helped the index recoup its losses and rebound into the positive zone.
The Sensex touched a high of 14,495, and finally ended (provisional) with a gain of 43 points at 14,493.
The index touched a low of 14,286 and thereafter exhibited steady movement for most part of the trading day. Fresh buying in select auto and banking stocks in late noon trades helped the index recoup its losses and rebound into the positive zone.
The Sensex touched a high of 14,495, and finally ended (provisional) with a gain of 43 points at 14,493.
Monday, August 25, 2008
Sensex pares gains on profit-taking; HDFC advances 4%
The Sensex opened with a significant positive gap of 242 points at 14,643, and soon touched a high of 14,673 backed by smart gains in financial and realty stocks. Thereafter the index displayed firm trend in the first half of the trading day.
However, profit-taking towards the close saw the the index pare gains and touch a low of 14,416. The Sensex finally ended with a nominal gain of 49 points at 14,450.
The BSE Realty index surged 2% to 5,044, and the Bankex moved up 1.3% to 6,746. On the other hand, the Metal and Power indices slipped 1% each to 12,243 and 2,573, respectively.
The market breadth was marginally positive - out of 2,722 stocks traded, 1,347 advanced and 1,287 declined today.
INDEX MOVERS...
HDFC soared 3.6% to Rs 2,363. Mahindra & Mahindra surged 2.6% to Rs 564, and DLF gained 2.3% at Rs 495.
Tata Motors rallied 2% to Rs 434. Satyam and ICICI Bank moved up 1.8% each to Rs 393 and Rs 656, respectively.
Grasim moved up 1.5% to Rs 1,958. HDFC Bank was up over 1% at Rs 1,208.
...AND THE SHAKERS
Tata Power and Jaiprakash Associates dropped nearly 3% each to Rs 1,021 and Rs 160, respectively.
Ranbaxy shed 2% at Rs 512. BHEL and Tata Steel slipped around 1.5% each to Rs 1,689 and Rs 586, respectively.
Sterlite declined 1.3% to Rs 618. Maruti was down over 1% at Rs 624.
VALUE & VOLUME TOPPERS
Vishal Info topped the value chart with a turnover of Rs 196.90 crore followed by Reliance Capital (Rs 146.70 crore), Reliance (Rs 119 crore), Reliance Natural Resources (Rs 114.70 crore) and Tata Steel (Rs 90.10 crore).
Reliance Natural Resources led the volume chart with trades of around 1.20 crore shares followed by Vishal Info (62.60 lakh), Kashyap Technologies (59 lakh), Chambal Fertilisers (51.80 lakh) and Ispat Industries (50.80 lakh).
However, profit-taking towards the close saw the the index pare gains and touch a low of 14,416. The Sensex finally ended with a nominal gain of 49 points at 14,450.
The BSE Realty index surged 2% to 5,044, and the Bankex moved up 1.3% to 6,746. On the other hand, the Metal and Power indices slipped 1% each to 12,243 and 2,573, respectively.
The market breadth was marginally positive - out of 2,722 stocks traded, 1,347 advanced and 1,287 declined today.
INDEX MOVERS...
HDFC soared 3.6% to Rs 2,363. Mahindra & Mahindra surged 2.6% to Rs 564, and DLF gained 2.3% at Rs 495.
Tata Motors rallied 2% to Rs 434. Satyam and ICICI Bank moved up 1.8% each to Rs 393 and Rs 656, respectively.
Grasim moved up 1.5% to Rs 1,958. HDFC Bank was up over 1% at Rs 1,208.
...AND THE SHAKERS
Tata Power and Jaiprakash Associates dropped nearly 3% each to Rs 1,021 and Rs 160, respectively.
Ranbaxy shed 2% at Rs 512. BHEL and Tata Steel slipped around 1.5% each to Rs 1,689 and Rs 586, respectively.
Sterlite declined 1.3% to Rs 618. Maruti was down over 1% at Rs 624.
VALUE & VOLUME TOPPERS
Vishal Info topped the value chart with a turnover of Rs 196.90 crore followed by Reliance Capital (Rs 146.70 crore), Reliance (Rs 119 crore), Reliance Natural Resources (Rs 114.70 crore) and Tata Steel (Rs 90.10 crore).
Reliance Natural Resources led the volume chart with trades of around 1.20 crore shares followed by Vishal Info (62.60 lakh), Kashyap Technologies (59 lakh), Chambal Fertilisers (51.80 lakh) and Ispat Industries (50.80 lakh).
Sunday, August 17, 2008
International Business News...
Dollar's Rise Could Damp Inflation
The dollar marched higher again, continuing a development that could ease inflationary pressures but also could slow an export boom. The dollar's rally is a sign of weakness in other economies and closely tied to recent declines in oil and other commodity prices.
Dubai's Anti-'Credit Crunch'
As oil-fueled economic growth in the Persian Gulf surges, banks are finding that they don't have enough cash to meet all the demand from businesses to expand their operations. The development could provide an important brake on how quickly the region can grow.
OPEC May Cut Output Next Month
OPEC could decide to roll over or cut crude oil production from existing levels when the group meets in early September in Vienna, Iran's OPEC governor said.
The Dividends From Far, Far Away
As aging baby-boomers in the U.S. look for ways to get income, a number of mutual funds and ETFs have been launched with a focus on dividend-paying foreign stocks. Of course, high-yielding foreign stocks bring their own risks.
Auction-Rate Blowback Continues
Wachovia will buy back billions of dollars in auction-rate securities it sold to retail clients, as part of an agreement with state and federal regulators. Cuomo said he is preparing to sue Merrill Lynch over the complex instruments.
Cablevision To Issue Quarterly Dividend
Cablevision said will pay its first quarterly dividend of 10 cents a share. The move comes a week after the company's board authorized a review to look at options including issuing dividends, buying back shares and spinning off assets.
Ford To Sell $500 Million In Shares
Ford will sell up to $500 million of its shares to buy back debt from its credit arm, seeking to shore up its finances.
For Amex, A High-Yield Debt Issue
American Express Credit became the latest financial to sell bonds with juicy premiums as investors continue to demand more and more attractive pricing terms on new deals. Treasurys ended in the best shape seen for weeks.
Pershing Taps Blackstone On Longs
Pershing Square hired Blackstone to help the hedge fund drive up the purchase price for Longs Drug Stores.
Reed Sale To Enter Critical Stage
The sale of Reed Elsevier's trade-magazine division will enter a crucial phase as early as Monday, as a second round of offers will be solicited. The auction is being closely watched for clues as to the health of the private-equity market.
China's Growth Likely To Keep Steady
A pickup in China's investment growth in July is likely to help offset the effect of weakening external demand and keep economic growth steady, one of the policy tasks Beijing recently set for itself.
Japanese Snap Up Rand, Turkish Lira
Japanese small investors' appetite for higher returns could be a boon for the high-yielding currencies of South Africa, Turkey and Brazil.
Amerigroup To Settle Medicaid Case
Amerigroup has agreed to pay $225 million to settle claims that it defrauded the Illinois Medicaid program, state and federal prosecutors have said.
CIT Group Stirs Trading Activity
Shares of CIT Group have been in a tailspin for a year, but options traders appeared to be betting on a mild rebound in the commercial finance company.
LBO Comes With Twists
Permira's purchase of NDS isn't the usual leveraged takeover. The $3.7 billion deal may enrich the big European private-equity firm if all goes well, but it projects a bleak image of the buyout industry's prospects.
The dollar marched higher again, continuing a development that could ease inflationary pressures but also could slow an export boom. The dollar's rally is a sign of weakness in other economies and closely tied to recent declines in oil and other commodity prices.
Dubai's Anti-'Credit Crunch'
As oil-fueled economic growth in the Persian Gulf surges, banks are finding that they don't have enough cash to meet all the demand from businesses to expand their operations. The development could provide an important brake on how quickly the region can grow.
OPEC May Cut Output Next Month
OPEC could decide to roll over or cut crude oil production from existing levels when the group meets in early September in Vienna, Iran's OPEC governor said.
The Dividends From Far, Far Away
As aging baby-boomers in the U.S. look for ways to get income, a number of mutual funds and ETFs have been launched with a focus on dividend-paying foreign stocks. Of course, high-yielding foreign stocks bring their own risks.
Auction-Rate Blowback Continues
Wachovia will buy back billions of dollars in auction-rate securities it sold to retail clients, as part of an agreement with state and federal regulators. Cuomo said he is preparing to sue Merrill Lynch over the complex instruments.
Cablevision To Issue Quarterly Dividend
Cablevision said will pay its first quarterly dividend of 10 cents a share. The move comes a week after the company's board authorized a review to look at options including issuing dividends, buying back shares and spinning off assets.
Ford To Sell $500 Million In Shares
Ford will sell up to $500 million of its shares to buy back debt from its credit arm, seeking to shore up its finances.
For Amex, A High-Yield Debt Issue
American Express Credit became the latest financial to sell bonds with juicy premiums as investors continue to demand more and more attractive pricing terms on new deals. Treasurys ended in the best shape seen for weeks.
Pershing Taps Blackstone On Longs
Pershing Square hired Blackstone to help the hedge fund drive up the purchase price for Longs Drug Stores.
Reed Sale To Enter Critical Stage
The sale of Reed Elsevier's trade-magazine division will enter a crucial phase as early as Monday, as a second round of offers will be solicited. The auction is being closely watched for clues as to the health of the private-equity market.
China's Growth Likely To Keep Steady
A pickup in China's investment growth in July is likely to help offset the effect of weakening external demand and keep economic growth steady, one of the policy tasks Beijing recently set for itself.
Japanese Snap Up Rand, Turkish Lira
Japanese small investors' appetite for higher returns could be a boon for the high-yielding currencies of South Africa, Turkey and Brazil.
Amerigroup To Settle Medicaid Case
Amerigroup has agreed to pay $225 million to settle claims that it defrauded the Illinois Medicaid program, state and federal prosecutors have said.
CIT Group Stirs Trading Activity
Shares of CIT Group have been in a tailspin for a year, but options traders appeared to be betting on a mild rebound in the commercial finance company.
LBO Comes With Twists
Permira's purchase of NDS isn't the usual leveraged takeover. The $3.7 billion deal may enrich the big European private-equity firm if all goes well, but it projects a bleak image of the buyout industry's prospects.
Friday, August 15, 2008
Wednesday, August 13, 2008
Sensex ends down 119pts; ICICI, HDFC Bank fall 3.7% each...
Mirroring weak trend in the global markets, the Sensex opened with a negative gap of 182 points at 15,030, and soon touched a low of 15,013. Fresh buying at lower levels helped the index recoup The index and rebound into the positive zone to a high of 15,273 - up 243 points from the day's low.
However, the index could not hold gains, and finally ended with a loss of 119 points at 15,093 today.
The BSE Bankex dropped 2.2% to 7,271, and the Reatly index slipped 1.3% to 5,611. On the other hand, the BSE IT and Healthcare indices moved up over 1% each to 3,814 and 4,280, respectively.
The market breadth was marginally negative - out of 2,749 stocks traded, 1,420 declined, 1,238 advanced and 91 were unchanged today.
The NSE Nifty was down 23 points at 4,529.
INDEX SHAKERS...
ICICI Bank and HDFC Bank dropped 3.7% each to Rs 711 and Rs 1,217, respectively.
DLF shed 3.3% at Rs 549, and Reliance Infrastructure slipped 2.5% to Rs 1,068.
HDFC and Hindalco plunged 2% each to Rs 2,414 and Rs 140, respectively.
Larsen & Toubro, Tata Power and Reliance Communications declined nearly 2% each to Rs 2,796, Rs 1,019 and Rs 440, respectively.
Maruti, BHEL and Jaiprakash Associates were down 1% each at Rs 670, Rs 1,787 and Rs 187, respectively.
AND THE MOVERS...
Sterlite surged 2.7% to Rs 613.
Infosys and TCS advanced over 1% each to Rs 1,625 and Rs 828, respectively. Satyam was up nearly 1% at Rs 406.
VALUE & VOLUME TOPPERS...
Reliance Natural Resources topped the value chart with a turnover of Rs 252.70 crore followed by Reliance Capital (Rs 237.80 crore), Reliance (Rs 214.15 crore), Vishal Info (213.20 crore) and ICICI Bank (Rs 136.90 crore).
Reliance Natural Resources led the volume chart with trades of around 2.45 crore shares followed by Chambal Fertilisers (1.13 crore), Nagarjuna Fertilisers (1.10 crore), Ispat Industries (1 crore) and Vishal Info (93.20 lakh).
Monday, August 11, 2008
Abhinav Bindra bags first Olympic gold for India at Beijing - and first ever Indian invdividual gold medal...
Great news for India - actually "historic" news is the right phrase. Ace shooter Abhinav Bindra has claimed the first ever individual gold for India after winning the men's 10m air rifle event at the Beijing Olympics.
Friday, August 8, 2008
News at 11 am...
- Sensex below 15K; Tata Motors slips 4%
- FIIs net sell Rs 226cr in F&O on Thursday
- Asian markets mixed; Nikkei down 74pts
- Tech View: Markets lacking in follow-up buying
- F&O Outlook: Resistance at 4500-4550
- Wall St slips; ADRs end mixed
- FII-TO-FII: Union Bank traded at 7% premium
- Inflation at 12.01% for first time in 13 years
- Key US lawmaker pushes for conditional NSG waiver for India
- Impeachment motion against Musharraf on August 11
- RIL-RNRL case adjourned till August 12
- FIIs net sell Rs 226cr in F&O on Thursday
- Asian markets mixed; Nikkei down 74pts
- Tech View: Markets lacking in follow-up buying
- F&O Outlook: Resistance at 4500-4550
- Wall St slips; ADRs end mixed
- FII-TO-FII: Union Bank traded at 7% premium
- Inflation at 12.01% for first time in 13 years
- Key US lawmaker pushes for conditional NSG waiver for India
- Impeachment motion against Musharraf on August 11
- RIL-RNRL case adjourned till August 12
Thursday, August 7, 2008
Markets subdued; Sterlite gains 4%, BHEL drops 3%
The Sensex opened 42 points lower at 15,032, and soon touched a low of 14,993. The index, thereafter, rebounded into the positive zone and touched a high of 15,280 - up 287 points from the day's low - amid alternate bouts of buying and selling.
For the second consecutive day, the index eventually pared gains and settled with a marginally higher (44 points) at 15,117.
The market breadth was marginally positive - out of 2,785 stocks traded, 1,412 moved up, 1,280 declined and 93 were unchanged today.
The NSE Nifty moved up six points to end at 4,524.
INDEX MOVERS...
Sterlite soared 4.4% to Rs 614. Tata Motors surged over 4% to Rs 444.
HDFC rallied 3.4% to Rs 2,477, and HDFC Bank added 3% to Rs 1,254.
Grasim, Mahindra & Mahindra and Maruti gained 2.5% each at Rs 2,089, Rs 576 and Rs 669, respectively.
Satyam moved up 2.3% to Rs 417. DLF and NTPC advanced 1.8% each to Rs 555 and Rs 183, respectively.
Infosys, Reliance Infrastructure and Jaiprakash Associates were up over 1% each at Rs 1,721, Rs 1,024 and Rs 187, respectively.
...AND THE SHAKERS
BHEL dropped nearly 3% to Rs 1,775. Bharti Airtel shed 2.3% at Rs 850.
Reliance Communications and Ranbaxy slipped 1.7% each to Rs 439 and Rs 504, respectively.
Hindustan Unilever declined 1.5% to Rs 242. Wipro, Tata Power and Reliance were down over 1% each at Rs 449, Rs 1,050 and Rs 2,271, respectively.
VALUE & VOLUME TOPPERS
Reliance Capital topped the value chart with a turnover of Rs 342.50 crore followed by Reliance Natural Resources (Rs 296 crore), Reliance (Rs 235.80 crore), SEL Manufacturing (Rs 228 crore) and ONGC (Rs 137.80 crore).
Reliance Natural Resources led the volume chart with trades of around 2.92 crore shares followed by Ispat Industries (1.41 crore), Tata Teleservices (1.19 crore), Kashyap Technologies (88.30 lakh) and Chambal Fertilisers (86 lakh).
For the second consecutive day, the index eventually pared gains and settled with a marginally higher (44 points) at 15,117.
The market breadth was marginally positive - out of 2,785 stocks traded, 1,412 moved up, 1,280 declined and 93 were unchanged today.
The NSE Nifty moved up six points to end at 4,524.
INDEX MOVERS...
Sterlite soared 4.4% to Rs 614. Tata Motors surged over 4% to Rs 444.
HDFC rallied 3.4% to Rs 2,477, and HDFC Bank added 3% to Rs 1,254.
Grasim, Mahindra & Mahindra and Maruti gained 2.5% each at Rs 2,089, Rs 576 and Rs 669, respectively.
Satyam moved up 2.3% to Rs 417. DLF and NTPC advanced 1.8% each to Rs 555 and Rs 183, respectively.
Infosys, Reliance Infrastructure and Jaiprakash Associates were up over 1% each at Rs 1,721, Rs 1,024 and Rs 187, respectively.
...AND THE SHAKERS
BHEL dropped nearly 3% to Rs 1,775. Bharti Airtel shed 2.3% at Rs 850.
Reliance Communications and Ranbaxy slipped 1.7% each to Rs 439 and Rs 504, respectively.
Hindustan Unilever declined 1.5% to Rs 242. Wipro, Tata Power and Reliance were down over 1% each at Rs 449, Rs 1,050 and Rs 2,271, respectively.
VALUE & VOLUME TOPPERS
Reliance Capital topped the value chart with a turnover of Rs 342.50 crore followed by Reliance Natural Resources (Rs 296 crore), Reliance (Rs 235.80 crore), SEL Manufacturing (Rs 228 crore) and ONGC (Rs 137.80 crore).
Reliance Natural Resources led the volume chart with trades of around 2.92 crore shares followed by Ispat Industries (1.41 crore), Tata Teleservices (1.19 crore), Kashyap Technologies (88.30 lakh) and Chambal Fertilisers (86 lakh).
Wednesday, August 6, 2008
Sensex pares gains on profit-taking, ends up 113pts...
The Sensex opened with a positive gap of 303 points to 15,264 on the back of positive cues from the global markets. Fresh buying, thereafter, saw the index rally to a high of 15,423 - up 462 points from the previous close.
The markets displayed strength for most part of the trading day. However, aggressive profit-taking in the last one-hour of trades saw the index pare gains and drop to a low of 15,036. The Sensex finally ended with a gain of 113 points at 15,074.
The market breadth turned negative towards the close - out of 2,786 stocks traded, 1,446 declined, 1,265 advanced and the rest were unchanged today.
The NSE Nifty touched a high of 4,616 - up 113 points - in morning trades, but eventually finished with a marginal gain of 15 points at 4,518.
INDEX MOVERS...
Maruti zoomed over 6% to Rs 653. Tata Motors soared 4.3% to Rs 427.
Bharti Airtel and ACC surged 3.5% each to Rs 870 and Rs 638, respectively.
TCS and BHEL rallied over 3% each to Rs 858 and Rs 1,827, respectively.
HDFC Bank advanced 2.7% to Rs 1,217. Mahindra & Mahindra, Larsen & Toubro and Hindustan Unilever gained around 2.5% each at Rs 562, Rs 2,764 and Rs 246, respectively.
ICICI Bank and Satyam added 2% each to Rs 707 and Rs 407, respectively.
ONGC, Wipro and Infosys were up 1.3% each at Rs 1,016, Rs 453 and Rs 1,699, respectively.
...AND THE SHAKERS
Tata Steel plunged 4.5% to Rs 646. Tata Power and SBI tumbled around 3.5% each to Rs 1,061 and Rs 1,524, respectively.
Reliance Infrastructure slipped over 3% to Rs 1,011, while HDFC shed 2.8% at Rs 2,396.
DLF dropped 1.5% to Rs 545. NTPC was down 1% at Rs 180.
VALUE & VOLUME TOPPERS
Reliance Natural Resources topped the value chart with a turnover of Rs 374 crore followed by Reliance Capital (Rs 353 crore), Reliance (Rs 327 crore), Larsen & Toubro (Rs 289.50 crore) and ICICI Bank (Rs 206.35 crore).
Reliance Natural Resources led the volume chart with trades of around 3.60 crore shares followed by Ispat Industries (1.42 crore), Kashyap Technologies (1.28 crore), IFCI (1.10 crore) and IDFC (87.80 lakh).
The markets displayed strength for most part of the trading day. However, aggressive profit-taking in the last one-hour of trades saw the index pare gains and drop to a low of 15,036. The Sensex finally ended with a gain of 113 points at 15,074.
The market breadth turned negative towards the close - out of 2,786 stocks traded, 1,446 declined, 1,265 advanced and the rest were unchanged today.
The NSE Nifty touched a high of 4,616 - up 113 points - in morning trades, but eventually finished with a marginal gain of 15 points at 4,518.
INDEX MOVERS...
Maruti zoomed over 6% to Rs 653. Tata Motors soared 4.3% to Rs 427.
Bharti Airtel and ACC surged 3.5% each to Rs 870 and Rs 638, respectively.
TCS and BHEL rallied over 3% each to Rs 858 and Rs 1,827, respectively.
HDFC Bank advanced 2.7% to Rs 1,217. Mahindra & Mahindra, Larsen & Toubro and Hindustan Unilever gained around 2.5% each at Rs 562, Rs 2,764 and Rs 246, respectively.
ICICI Bank and Satyam added 2% each to Rs 707 and Rs 407, respectively.
ONGC, Wipro and Infosys were up 1.3% each at Rs 1,016, Rs 453 and Rs 1,699, respectively.
...AND THE SHAKERS
Tata Steel plunged 4.5% to Rs 646. Tata Power and SBI tumbled around 3.5% each to Rs 1,061 and Rs 1,524, respectively.
Reliance Infrastructure slipped over 3% to Rs 1,011, while HDFC shed 2.8% at Rs 2,396.
DLF dropped 1.5% to Rs 545. NTPC was down 1% at Rs 180.
VALUE & VOLUME TOPPERS
Reliance Natural Resources topped the value chart with a turnover of Rs 374 crore followed by Reliance Capital (Rs 353 crore), Reliance (Rs 327 crore), Larsen & Toubro (Rs 289.50 crore) and ICICI Bank (Rs 206.35 crore).
Reliance Natural Resources led the volume chart with trades of around 3.60 crore shares followed by Ispat Industries (1.42 crore), Kashyap Technologies (1.28 crore), IFCI (1.10 crore) and IDFC (87.80 lakh).
Monday, August 4, 2008
Today's News...
- Sensex ends down 79pts; TCS, Reliance drag
- Govt puts restrictions on PSU executives joining pvt firms
- JLR will be faster on its feet under Tata: CEO
- India gets new VVIP business jets armed with special suites
- Samsung eyes double-digit mkt share; to launch 4-5 models
- Yamaha to launch 150 cc FZ in October
- Sonia Gandhi sets controlling inflation as the principal task
- Higher economic risks for India, but ratings stable: Moody's
- Inflation may fall below 8%: Rangarajan
- India's sovereign ratings may turn negative: Moody's
- WTO Chief Lamy to visit India next week
- Govt puts restrictions on PSU executives joining pvt firms
- JLR will be faster on its feet under Tata: CEO
- India gets new VVIP business jets armed with special suites
- Samsung eyes double-digit mkt share; to launch 4-5 models
- Yamaha to launch 150 cc FZ in October
- Sonia Gandhi sets controlling inflation as the principal task
- Higher economic risks for India, but ratings stable: Moody's
- Inflation may fall below 8%: Rangarajan
- India's sovereign ratings may turn negative: Moody's
- WTO Chief Lamy to visit India next week
Saturday, August 2, 2008
Today's News
- Wall St ends down on Friday, August 1; ADRs move up
- SBT to raise PLR by 50 bps to 14%
- Century Plyboards net up 8.36% at Rs 30.84 crore
- Union Bank reduces interest rates on FCNR, NRE deposits
- Honda to export vehicles to Sri Lanka
- Lower attendance affects work at Tata Motors' plant in Singur
- UK defence firm BAE plans joint ventures in India
- Olive oil consumption likely to rise 9 times by 2012
- IAEA safeguards not recognition of India as nuke power: Russia
- PM asks Saarc to seek global response to oil price hike
- Jet's Dubai launch from August 23
- SBT to raise PLR by 50 bps to 14%
- Century Plyboards net up 8.36% at Rs 30.84 crore
- Union Bank reduces interest rates on FCNR, NRE deposits
- Honda to export vehicles to Sri Lanka
- Lower attendance affects work at Tata Motors' plant in Singur
- UK defence firm BAE plans joint ventures in India
- Olive oil consumption likely to rise 9 times by 2012
- IAEA safeguards not recognition of India as nuke power: Russia
- PM asks Saarc to seek global response to oil price hike
- Jet's Dubai launch from August 23
Friday, August 1, 2008
Today's news...
- Sensex up 301 points: Jaiprakash Associates zooms 8.8%; RCom drops 12.7%
- HCL Technologies posts loss of Rs 13.5 crore
- Government releases new defence procurement policy
- Patent office witnesses surge in online applications
- India's oil import bill shoots up by 53.4% in June
- Videocon to launch DTH services by mid-September
- Tata Steel in no hurry to raise prices
- Interest rates to moderate in 6-12 months: Chidambaram
- Religare's PAT stands at Rs 3.67 crore for Q1
- Era Infra bags orders worth Rs 137.70 crore
- ArcelorMittal may bid for US coal mine Alpha Natural
- HCL Technologies posts loss of Rs 13.5 crore
- Government releases new defence procurement policy
- Patent office witnesses surge in online applications
- India's oil import bill shoots up by 53.4% in June
- Videocon to launch DTH services by mid-September
- Tata Steel in no hurry to raise prices
- Interest rates to moderate in 6-12 months: Chidambaram
- Religare's PAT stands at Rs 3.67 crore for Q1
- Era Infra bags orders worth Rs 137.70 crore
- ArcelorMittal may bid for US coal mine Alpha Natural
Sensex ends up 301 points: Jaiprakash Associates zooms 8.8%; RCom drops 12.7%
The Sensex plunged 323 points in early trade today on heavy selling by funds in line with weak global markets.
Moderate rise in inflation rates, which rose to 11.98 per cent for the week ended July 19, mainly dampened the trading sentiments of the Sensex, which had gained 564 points in the previous two trading sessions.
The index moved in a range of 646 points between 14,032 (low) and 14,667 (high) before finally settling with a gain of 301 points at 14,657.
The Nifty ended with a gain of 81 points at 4414.
The market breadth was marginally positive - out of 2,732 stocks traded, 1,548 advanced, 1,110 declined and 74 were unchanged today.
THE MOVERS...
Jaiprakash Associates zoomed 8.8% to Rs 170. SBI surged 6.5% to Rs 1,507. HDFC advanced 5.2% at Rs 2,395.
Reliance Industries and Reliance Infra gained 4.9% each at Rs 2,395 and Rs 1,012, respectively. Tata Steel was up 4.5% at Rs 684. Wipro and BHEL advanced around 4.2% each at Rs 434 and Rs 1,750, respectively. Ranbaxy gained 4% at Rs 518. NTPC and Larsen & Toubro were up around 3.8% each at Rs 177 and Rs 2,696, respectively.
Infosys gained 3.3% at Rs 1,636. HDFC Bank and Satyam advanced 2.6% each at Rs 1,124 and Rs 390, respectively.
Bharti Airtel was up 2% at Rs 815. DLF, Grasim, ICICI Bank, TCS and ONGC were the other gainers.
...AND INDEX SHAKERS
Reliance Communications slumped 12.7% to Rs 436. Tata Power dropped 3.8% at Rs 1,116. Maruti tumbled 2.5% to Rs 560.
Hindustan Unilever lost 1.9% at Rs 235. ACC declined 1.3% to Rs 576.
Tata Motors was down 1.2% at Rs 398. Hindalco and ITC lost less than half per cent.
MOST ACTIVE COUNTERS
Reliance Communications topped the value chart with a turnover of Rs 631.04 crore followed by Reliance Natural Resources (Rs 375.37 crore), Reliance Capital (347.75 crore), Reliance (Rs 297.09 crore) and Larsen and Toubro (186.81 crore)
Reliance Natural Resources led the volume chart with trades of around 3.78 crore shares followed by IFCI (2.28 crore shares), Ispat Industries (2.04 crore shares), Cybermate (2.02 crore shares) and Reliance Communications (1.44 crore shares)
Moderate rise in inflation rates, which rose to 11.98 per cent for the week ended July 19, mainly dampened the trading sentiments of the Sensex, which had gained 564 points in the previous two trading sessions.
The index moved in a range of 646 points between 14,032 (low) and 14,667 (high) before finally settling with a gain of 301 points at 14,657.
The Nifty ended with a gain of 81 points at 4414.
The market breadth was marginally positive - out of 2,732 stocks traded, 1,548 advanced, 1,110 declined and 74 were unchanged today.
THE MOVERS...
Jaiprakash Associates zoomed 8.8% to Rs 170. SBI surged 6.5% to Rs 1,507. HDFC advanced 5.2% at Rs 2,395.
Reliance Industries and Reliance Infra gained 4.9% each at Rs 2,395 and Rs 1,012, respectively. Tata Steel was up 4.5% at Rs 684. Wipro and BHEL advanced around 4.2% each at Rs 434 and Rs 1,750, respectively. Ranbaxy gained 4% at Rs 518. NTPC and Larsen & Toubro were up around 3.8% each at Rs 177 and Rs 2,696, respectively.
Infosys gained 3.3% at Rs 1,636. HDFC Bank and Satyam advanced 2.6% each at Rs 1,124 and Rs 390, respectively.
Bharti Airtel was up 2% at Rs 815. DLF, Grasim, ICICI Bank, TCS and ONGC were the other gainers.
...AND INDEX SHAKERS
Reliance Communications slumped 12.7% to Rs 436. Tata Power dropped 3.8% at Rs 1,116. Maruti tumbled 2.5% to Rs 560.
Hindustan Unilever lost 1.9% at Rs 235. ACC declined 1.3% to Rs 576.
Tata Motors was down 1.2% at Rs 398. Hindalco and ITC lost less than half per cent.
MOST ACTIVE COUNTERS
Reliance Communications topped the value chart with a turnover of Rs 631.04 crore followed by Reliance Natural Resources (Rs 375.37 crore), Reliance Capital (347.75 crore), Reliance (Rs 297.09 crore) and Larsen and Toubro (186.81 crore)
Reliance Natural Resources led the volume chart with trades of around 3.78 crore shares followed by IFCI (2.28 crore shares), Ispat Industries (2.04 crore shares), Cybermate (2.02 crore shares) and Reliance Communications (1.44 crore shares)
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