FIRSTPOST YOUSPEAK
Thursday, May 23rd 08:26 PM IST
Gallery
BSE Sensex GALLERY.
The Sensex was holding ground in early trade, as investors continued to draw comfort from the broad sentimental boost derived after a change of guard at the finance ministry. The benchmark index- the Sensex had risen up to 0.5 percent earlier. The BSE Mid-cap index was up 0.6 percent, outdoing the Sensex, which was up just 0.2percent. Maruti Suzuki, up 1.8 percent, was the top gainer, while banks were also up. State Bank of India was up 0.6 percent and ICICI Bank 0.3 percent. Among sectoral indices, the BSE metal index was up 1.31 percent. Sesa Goa, up 3 percent, was the top gainer among index constituents. [caption id=attachment_366265 align=alignleft width=380 The Sensex was holding ground in ea
Weakness in global markets trickled onto domestic markets as they closed in the red. Both the Sensex and the Nifty closed down 0.74 and 0.79 percent. The BSE Sensex, the barometer of the Indian economy, closed down 129 points to 17,391 while the S&P CNX Nifty closed below the 5,300 level at 5,275. The market breadth was negative. On the BSE, 1,767 stocks declined while 1,093 advanced. Among sectoral indices, all 13 closed in the red. The biggest loser was the metals index (1.5 percent) followed by power and consumer durables. In the 30-share Sensex pack, only three advanced. TCS, Hindalco and Dr Reddy closed in the green. The top losers were Hero Moto Corp (-2.6 percent), Jindal Steel (-2.56 percent), Bajaj Auto (-2.3 percent). [caption id=attachment_372298 align=alignleft width=380 Weakness in global markets trickled
The Indian markets opened on a negative note this morning as global cues cast a shadow on the Sensex, which has been in consolidation mode for the past couple of days. BSE Sensex was trading at 19693, down 57 points and the Nifty was quoting at 5,962, down 24 points over the previous close. The BSE Small-Cap index and BSE Mid- Cap index was trading down 0.14% and 0.42%. Oil and Gas , HC, PSU, Power, Realty, Metal, Oil and Gas, Consumer Durables, Bankex, Capital Goods, are the gainers.   [caption id=attachment_613863 align=alignleft width=380 The Indian markets opened on a nega
It was a volatile session on the street today with the benchmark indices, the Sensex and the Nifty falling 0.7 percent. The BSE Sensex, the barometer of the Indian economy, fell by 120 points to 17,158.4 while the S&P CNX Nifty managed to closed just five points above the 5,200 level at 5,205. The BSE midcap and the small cap fell at a slower pace of 0.23 percent and 0.11 percent, respectively. The market breadth was negative. On the BSE, 1,655 stock declined while 1,170 advanced. Among sectoral indices, bankex was the biggest loser with a fall of 1.3 percent followed by 1.14 percent and realty (one percent). Banking stocks fell after a Reserve Bank of India committee recommended tightening regulations on loan restructuring, including setting aside higher provisions. ICICI bank fell 1.7 percent, while HDFC Bank fell 1.1 percent. [caption id=attachment_384878 align=alignleft width=380 It was a volatile session on the st
Indian markets opened in the green today as the Reserve Bank of India is likely to cut the repo rate by 25bps considering sustained moderation in core inflation, government's commitment to fiscal consolidation and sharp slowdown in GDP growth to decade-low levels. While the Sensex opened 70 points higher at 19350, the Nifty opened up 13 points at 5848. The BSE Small-Cap index and BSE Mid- Cap index was trading at 0.26 % and 0.26% ICICI Bank, Bajaj Auto, Tata Motors, Maruti Suzuki, Gail India, Tata Steel, Cipla, Sun Pharma, Bharti Airtel, SBI, RIL, L&T, HDFC, NTPC, Jindal Steel are among gainers in Sensex and Nifty. BHEL, Coal India, Dr Reddys Lab, TCS, L &T, Hindustan Unilever, HDFC Bank, ONGC, Tata Power are among losers in Sensex and Nifty. Rate sensitive auto and banking stocks are also trading up ahead of the RBI decision.Maruti is the top Nifty gainer. Shares are up more than 1.5 percent, while ICICI Bank is up 1.6 percent ahead of the RBI decision at 11 am. There will be some support to the markets from Finance Minister P Chidambaram's statement that the government is considering further liberalising foreign investment cap in various sectors. However, the private sector banks are likely to remain under pressure, as widening its probe into alleged money laundering by banks, the RBI has included sale of gold coins and wealth management operations in its scrutiny. [caption id=attachment_666366 align=alignleft width=435 Indian markets opened in the green
The Sensex provisionally closed lower by 0.7 percent, a day after closing at their highest since mid-March, on profit taking in select blue-chip stocks that advanced on Tuesday such as ITC. The BSE Sensex closed down 129 points to 17,489 while the Nifty closed down 39 points to 5,306. The market breadth was negative. On the BSE, 1,617 stocks declined while 1,211 advanced. The BSE midcap and the small cap fell at a lower pace of 0.12 percent and 0.24 percent. Baring capital goods, which just about managed to close 0.37 percent up, all other sectoral indices closed in the red. Autos was the biggest loser with a fall of 1.18 percent. [caption id=attachment_374695 align=alignleft width=435 The Sensex provisionally closed low
An absolutely flat start for markets this Monday morning after Friday's rally. Investors are cautious ahead the US presidential elections, which is scheduled on Tuesday. Reports say an Obama win may help bonds while Romney victory will push the stock market. After a spectacular rally on Dalal Street on Friday, some correction will be seen, CNI Research CMD Kishor Ostwal said. ABSE Sensex was trading at 18743, 11 points over the previous close in opening trade. The NSE Nifty was quoting at 5,699, up 2 points over the previous close. The BSE Small-Cap index and BSE Mid- Cap index was trading flat. HC, Realty, PSU, Consumer Goods, FMCG,Auto indices are the gainers. Oil and Gas , Power, Metal, Oil and Gas, Consumer Durables, Bankex, Capital Goods, are the losers. strongKingfisher Airlines/strong, whose licence to fly is still suspended, is up more than 2 percent in opening trade. Oil & gas index losers include strongCairn India/strong, down 1.3 percent, and strongRIL/strong, down 0.6 percent. strongCipla/strong is up more than 1 percent ahead of second quarter results. It is the top Sensex gainer. strongTCS/strong shares traded 0.2 percent higher in early trade against a 0.1 per cent dip in the broader BSE IT index after CLSA downgraded it to sell with a target price of Rs 1,140. Indian tech is no longer a multiyear investment theme... TCS' scale and valuations should limit its share price, CLSA said in a note on Monday. Equity markets are likely to see stock-specific action this week in view of earnings from a slew of blue chips, including Bharti Airtel, Tata Motors and SBI, amid volatile trading due to global events, analysts say. Investors will also track the US presidential elections, which is scheduled on Tuesday. [caption id=attachment_514295 align=alignleft width=380 An absolutely flat start for market
The Bombay Stock Exchange (BSE) Ltd today announced index-based market-wide circuit breaker for October-December quarter this year. The market-wide circuit breakers would be triggered by movement of either BSE Sensex or the NSE S&P CNX Nifty whichever is breached earlier, a BSE release said. The BSE said that the index-based market-wide circuit breaker system is implemented on a quarterly basis. [caption id=attachment_472991 align=alignleft width=380 The Bombay Stock Exchange (BSE) Ltd
BSE Sensex ended flat today, as investors booked profits on Reliance Industries due to worries about lower refining margins, though software service exporters such as Infosys gained on hopes for more US monetary stimulus. The 30 share index of Bombay Stock Exchange, Sensex, shut shop above the 17850 level. The benchmark lost substantial ground post striking its 23 week's high level, which was above the 17950. Meanwhile, Nifty added 0.05 percent to end at 5415. Earlier, the Sensex came close to the 18,000 milestone while the Nifty almost touched 5,450. The top gainers on the Sensex were Wipro up 2.77%, TCS up 2.40%, Infosys up 1.80%, HUL up 1.80% and Tata Steel up 1.60% while, RIL down 1.74%, M&M down 1.60%, L&T down 1.59%, ONGC down 1.40% and Bajaj Auto down 1.11% were the top losers in the index. (Provisional) [caption id=attachment_427907 align=alignleft width=380 BSE Sensex ended flat today, as inv
After a weak open, the markets moved into the green in early morning trade with the Sensex and the Nifty closing up 0.47 percent. The BSE Sensex closed up 79.7 points to 17,185, up 147 points from the day's low while the S&P CNX Nifty gained 23 points and closed above the 5,200 level at 5,216. The market breadth was positive. On the BSE, 1,409 stocks advanced while 1,373 declined. Among sectoral indices, metals was the top gainer with a 1.5 percent rise followed by capital goods (1.07 percent) and realty (0.93 percent). In the 30-share Sensex pack, 21 stocks advanced led by Bajaj Auto (5.2 percent). [caption id=attachment_381889 align=alignleft width=380 After a weak open, the markets move
It's a bad start for the earnings season and this was reflected in the sharp fall in the markets. Both the BSE Sensex and the Nifty fell by 1.47 percent and 1.34 percent, respectively. The Sensex fell 256.59 points to 17,232.55 points while the Nifty lost 71 points to 5,235. The market breadth was negative. On the BSE, 1,630 stocks declined while 1,174 advanced. The BSE IT index was the biggest loser with a fall of 5.11 percent. Infosys was the top loser as its scrip fell by 8 percent after it said it expects sales to grow by 5 percent to $7.34 billion, below its estimate in April of 8-10 percent growth. TCS fell by 1.8 percent post its results while Wipro fell 4 percent. [caption id=attachment_375856 align=alignleft width=380 It's a bad start for the earnings s
strong10:11 am /strongTax expert HP Ranina told emCNBC TV18/em that securites transaction tax may be reduced and the govenrment's thrust on creating the right environment for investor. He also expects the finance minister to tinker with the sort-term capitla gains tax. The marklet is anyways not doing any great, so this is a viable thing he could do, Ranina said. As far as the roll-out of the Goods and Services Tax is concerned, Chidambaram is liekly to only reiterate the earlier stance that the govenrment is on course to inctroduce it in after the election, said Dinesh Kanabar of KPMG. The sensex, meanwhile, was stable with a 0.5 percent rise. strong9:42 am /strongOf the 30 Sensex consituents, 28 advanced and 2 declined. ONGC, up 2.6 percent, and Coal India up 2.2 percent were the top gainers The BSE Midcap Index, which was on a roallercoster ride over the last few days, was up 0.5 percent. Of the 250 constituents, 170 advanced, 43 declined, one remained unchanged and 36 were not traded, accordign to the data on the BSE website. Pankaj Vaish of Citibank told emCNBC TV18/em that the slowdown is major worry and the need of the hour is a revival in the investment. The only way out for the government is to add capacity massively, he said. He expects the market To consolidate around current levels for now and hit new high before 2014 general elections. The government should also look at providing domestic investors options besides gold. strong9:19 am /strongSensex opens at 19290.32 , up 0.72 percent and the Nifty opened at 5836.45, up 0.68 percent, triggered by positive global cues as Asian shares and other risk assets rose as sentiment improved after US Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus, while a smooth debt sale calmed fears over Italy's political turmoil. The Indian equity markets are likely to open flat with a positive bias as investors await the Budget for taking positions, while global cues provide support. Asian shares and other risk assets rose on Thursday as sentiment improved after US Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus, a Reuters report said. [caption id=attachment_642872 align=alignleft width=380 strong10:11 am /strongTax expert HP
Indian markets started the day on a positive note after the Dow Jones index hit a high of 14,286.37 on Tuesday, surpassing the previous high set in 2007. Sensex opened up 100 points at 19235, while the Nifty was up 34 points at 5818. The BSE Small-Cap index was trading flat, while BSE Mid- Cap index was trading up at 1%. Gautam Chhaochharia of UBS told CNBC-TV18 that post budget interactions of the finance minister and other officials have gone a long way in assuaging the investor sentiment. He sees scope for the market to move up from here over the medium term. The key driver for the markets will be the January-March corporate earnings. On the crash that happened in the mid-cap space recently, he said it is the reflection of weak local sentiment. RIL, Infosys, Wipro, TCS, Sun Pharma, HDFC Bank, Bharti Airtel, Coal India, Bajaj Auto, SBI, ICICI Bank, Tata Steel, BHEL, HDFC, NTPC, Tata Power, ONGC, are among gainers in Sensex and Nifty. [caption id=attachment_649904 align=alignleft width=380 Indian markets started the day on a
In a range-bound session of trade,the BSE Sensex fell on Thursday for the first session in five days as they, like other world markets, await cues from the European Central Bank meeting later today, after the US Federal Reserve refrained from offering fresh stimulus. The Sensex closed at 17,224, down 33 points over the previous close. The broader NSE Nifty closed at 5,227, down 12 points over the previous close. Dipan Mehta, member, BSE and NSE told emCNBC-TV18/em it is more likely that the market continues to trade in a particular range. Although we may have some positive news flow from Europe, it is highly unlikely that the Nifty can sustain and trade significantly above 5,400 levels for an extended period of time, he said. Further lenders also retreated afterstrong State Bank of India/strong cut auto and home loan rates for new borrowers, sparking worries other lenders would follow suit and hit margins in the sector. State Bank of India fell 1 percent, while HDFC Bank lost 0.7 percent. [caption id=attachment_402314 align=alignleft width=380 In a range-bound session of trade,t
The BSE Sensex rose by 0.55 percent while the S&P CNX Nifty gained 0.51 percent in today's trade. The Sensex, the baromter of the Indian economy, closed up 94 points to 17,278 while the Nifty closed above the 5,200 mark at 5,242.7. The market breadth was positive. On the BSE, 1,514 stocks advanced while 1,299 declined. Among sectoral indices, IT was the biggest gainer as it rose by 1.75 percent led by consumer durables (1.38 percent) and oil and gas (1.24 percent). The worst performer was the auto index which fell by 0.47 percent. This is mostly because of the 8.74 percent in the stock price of Maruti to Rs 1,117 per share. This was due to clash between between workers and the managerial staff at the Maruti Suzuki India's Manesar plant. This was Maruti's biggest daily percentage fall since July 26, 2010, after halting production at a factory in north India because of labour unrest. strongReliance Industries/strong rose 1.8 percent ahead of its April-June quarter earnings on Friday, helped after Nomura upgraded the stock to 'outperform', citing valuations and benefits from a weak currency. strongCapital goods stocks/strong were also in demand after Bhel gained on reports the Cabinet is likely to discuss a roposal to impose 21 percent duty on imported power equipments. [caption id=attachment_383380 align=alignleft width=435 The BSE Sensex rose by 0.55 percent
The BSE Sensex and Nifty gained slightly to extend a winning streak to a fourth day but the markets were extremely flat in the absence of domestic or global cues. Clearly P Chidambaram taking over the finance ministry didn't offer any relief for the markets. Perhaps the next big trigger would be the reforms agenda. The 30-share BSE Sensex rose 21.20 points to close at 17,257.38 and the 50-share NSE Nifty went up 11.50 points to 5,240.50. The gains at Dalal Street however remain curbed, with the release of manufacturing activity data, which grew at a slower clip in July. [caption id=attachment_400470 align=alignleft width=380 The BSE Sensex and Nifty gained sli
The Monday blues certainly seem to have hit the stock markets as both the Sensex and the Nifty are down by 1.5 percent. The BSE Sensex has fallen below the 17,000 mark and is now down 250 points to 16,915 while the Nifty is down 76 points to 5,128 points. Global markets also do not seem to be providing any support as France's CAC, Germany's DAX and Britain's FTSE were down 1% each while Spain and Italy tanked nearly 2 percent. The market breadth is negative. On the BSE, 1,714 stocks declined while 876 advanced. [caption id=attachment_387426 align=alignleft width=380 The Monday blues certainly seem to
It was an uneventful day for the markets as the benchmark indices closed in the red, snapping three consecutive sessions of mild gains. The BSE Sensex, the barometer of the Indian economy, closed down marginally by 17 points to 17,521. However, it was up 96 points from the day's low. The S&P CNX Nifty also closed lower by 10 points to 5,317. The market breath was negative. On the BSE, 1,536 stocks declined while 1,360 advanced. Among sectoral indices, realty (-1.35 percent) was the biggest loser followed by consumer durables. In the 30-share Sensex pack, 18 stocks declined led by a sharp fall in Jindal Steel (-3.17 percent), Sterlite Inds (-2 percent) and Tata Power (-2 percent). The top gainers was ICICI Bank (1.55 percent). [caption id=attachment_370083 align=alignleft width=380 It was an uneventful day for the ma
The BSE Sensex rose for a second consecutive session todayas the Banking Amendment Bill got approval in the Lok Sabha. The market seemed to cheer the developments and the indices settled at higher levels, led by gains in IT and banking stocks. The BSE Sensex provisionally gained 0.48 percent, while the 50-share Nifty ended up 0.5 percent. Private banks, which perceived as likely acquisition targets once RBI issues the final guidelines for banking license, were the star performers of the day. Federal Bank, Karnataka Bank and Dhanlaxmi Bank gained 3-6%. Banking license hopefuls like L&T Finance and Bajaj Finance began the day on an upbeat note, but gave up much of their gains towards close of trading. Consistent buying existed among rate-sensitive sectors like Auto and Realty stocks on hopes of policy easing by the Reserve Bank of India in January monetary policy after positive undertone in Tuesday's review supported the mood on the street. Tata Consultancy Services was seen trading in green after Morgan Stanley upgraded the stock to 'overweight' from 'equal-weight' and raised its target price on the stock.The stock closed 1.8 percent higher. [caption id=attachment_563194 align=alignleft width=380 The BSE Sensex rose for a second co
The Indian markets have lost some ground in opening trade, with the BSE Sensex and the NSE Nifty losing 0.5% each on sluggish global cues and concerns over Spain. The broader indices are rather subdued after gaining in the past couple of sessions. Defensives like Pharma, FMCG, IT and Consumer Durables indices are back in vogue as investors return to safe-haven plays. Market analyst Sudarshan Sukhani of s2analytics.com expects the market to remain choppy . Now we are distinctly seeing a small mild downside, which should continue. he told emCNBC-TV18./em Wipro, TCS, M&M, NTPC, ITC, Gail India are among gainers in Sensex and Nifty. RIL, Infosys, ICICI Bank, Tata Steel, BHEL, Bharti Airtel, Sun Pharma, Tata Power, Coal India HDFC Bank, Bajaj Auto, Tata Motors, are among losers in Sensex and Nifty. [caption id=attachment_468651 align=alignleft width=380 The Indian markets have lost some g
The Indian markets opened in green today despite mixed global cues.The rupee, however, is trading higher than the new 5-month high it hit on Monday. It is trading at 52.34/35 versus last close at 52.40/41. It rose to 52.57 in early trade. The current account deficit (CAD), the excess of imports over exports, fell to 3.9% of the gross domestic product in the June quarter, from 4.5% in March. The fall in current account deficit will give support to the rupee, a research report by brokerage firm Nomura said. The narrowing of the current account deficit in Q1 of FY13 highlights the reduced hurdle for rupee to perform. Indeed, given the ongoing strong momentum in domestic reforms, liberalisation, fiscal measures and global policy stimulus, we expect capital inflows to offset the dollar demand, the report said. The BSE Sensex was trading at 18,871, up 47 points and NSE Nifty was quoting at 5,733, up 14 points. The BSE Small-Cap index was trading flat, while BSE Mid- Cap index was trading up at 1%. IT, Teck, ,Capital Goods, Realty, Oil and Gas, FMCG, Bankex,Consumer Durables, Power indices are the gainers. Metal and Auto indices are the losers Technical analyst Sudarshan Sukhani of s2analytics.com sees Nifty heading towards 5,800 level. He recommends shorter term traders to go long. Intermediate traders can book profits in 5,800-5,900, he told CNBC-TV18. [caption id=attachment_477394 align=alignleft width=380 The Indian markets opened in green
BSE Sensex ended flat on Saturday in a special session conducted by the exchange to test a disaster recovery software programme. The benchmark BSE index closed 0.37 percent higher at 17,749.65 points, advancing 2 percent over the week. The 50-share NSE Nifty was 0.31 percent higher at 5,358.70 points on Saturday. The Bombay Stock Exchange (BSE) tested its disaster recovery software with live trading for a brief period. The National Stock Exchange (NSE) also decided to open during those hours. [caption id=attachment_448777 align=alignleft width=435 BSE Sensex ended flat on Saturday i
A quiet opening for the Indian markets due to mixed global cues. The Asian indices are holding steady after Alcoa's results beat estimates and EU finance ministers agreed to agreed to give Spain 30billion by the end of this month. Oil declined after Norway ended a strike by energy workers. In addition, China's trade surplus widened in June as exports jumped and imports fell. US and European markets finished lower on Monday. The Sensex has opened marginally higher, up 54 points at 17444 levels and the Nifty is trading 15 points higher, below the 5300 level at 5288.The rupee was marginally higher today, but weaker global risk assets, including the euro, could be a drag on the local currency after China reported much slower-than-expected growth in imports last month.At 9.01 a.m., the partially convertible rupee was at 55.88/92 to a dollar versus its 55.92/93 close on Monda. India depends on capital inflows to bridge its current account gap, and the high-yielding currency is thus sensitive to global risk sentiment, especially given the country runs a wide current account deficit and is seeing slowing growth. BSE realty index is the top sectoral gainer, up 0.7 percent, followed by the metals index. Infosys, Wipro, TCS, Coal India,Bharti Airtel, Tata Steel, Tata Motors, SBI, Hindalco Inds are among the gainers in Sensex and Nifty. Tata Power, NTPC and ITC are among the losers in Sensex and Nifty. [caption id=attachment_372931 align=alignleft width=380 A quiet opening for the Indian mark
Energy giant Reliance Industries today reclaimed its position as the most influential stock on the BSE benchmark index Sensex, pushing FMCG major ITC to the second slot. At closing today, RIL regained the top slot in terms of Sensex weight, which is measured by the value of a company's free-float or non-promoter shares that can be freely traded in the market. RIL commanded a weight of 9.7 per cent, while ITC has 9.46 percent weight on the Sensex. Shares of RIL closed 2.04 percent higher at Rs 815.05, while ITC was down 3.59 percent at Rs 258.15. [caption id=attachment_420266 align=alignleft width=380 Energy giant Reliance Industries to
strongNew Delhi:/strong BSE index Sensex, which started the New Year on a strong note, is likely to extend the bull- run and touch all time high of 21,700 by this year-end, said a research report by HSBC. Notwithstanding that the premium of Indian markets vis-a -vis other Asian markets have come down lately, HSBC is overweight on emerging markets within a global context. We are neutral on India in the regional context, HSBC Securities & Capital Markets India Head of Research Jitendra Sriram said in the research note, and has set a Sensex target of 21,700 for 2013 -11 percent above the current level. [caption id=attachment_577373 align=alignleft width=380 strongNew Delhi:/strong BSE index S
Indian stock market started off the muhurat trading for Samwat 2069 with negative bias, but hopes of a bounce into the green territory floated.The Sensex opened 0.04 percent lower at 18662 while the Nifty opened 0.12 percent lower at 5578. United Spirits, which had spurted 35 percent on Monday after the Diegeo deal, declined 2 percent on media reports that the capital market regualtor Sebi might be looking to the stock movement. Among other UB group stocks, which were in the news for all wrong reasons all through the Samwat 2068, Kingfisher Airlines rose 1.7 percent to Rs 14.40 and United Breweries Holdings was stuck at the lower circuit at Rs 122.80. Among BSE sectoral indexes, metals rose 0.4 percent and was the topgainer, while the IT index was down 0.2 percent to be top loser. DLF shares are down more than 2 percent after the company reported a drop in profits for the last quarter. Bharti shares are up almost 1 percent in trade, it is the top Sensex gainer. Hero MotoCorp shares are marginally lower in this special trading session.Tata Power, ONGC and HUL are among Sensex gainers. [caption id=attachment_523590 align=alignleft width=450 Indian stock market started off the
It was a lackluster session on the street today as the Sensex closed up 37 points to 17,462.8 points, however, it was down 67 points from the day's high. The S&P CNX Nifty managed to close above the 5,300 level, the first time since 19 April. The market breadth was positive. On the BSE, 1,768 stocks advanced while 1,123 declined. The BSE mid-cap and small cap indices outperformed the benchmark indices as they were up almost 0.9 percent. Among sectoral indices, nine closed in the green. The top gainer was the BSE metals index which closed up 2.12 percent. Metal shares gained on hopes of further monetary policy easing from China. [caption id=attachment_367147 align=alignleft width=435 It was a lackluster session on the
An absolutely sluggish and flat start to the Indian markets with the Sensex up only 3 points in opening trade and 16 components in the green. All eyes will be on Europe today and any positive development in the region will boost the morale of the investors across the globe. At 9:25 am, the BSE Sensex was trading at 17,301, down 12 points over the previous close. The NSE Nifty was quoting at 5,224, down 1 points over the previous close. HDFC Securities sees crucial support for the Nifty at 5208 and stiff resistance at 5300. It expects the market to take cues from Dow Futures & European markets during the latter half of the day. Among the sectoral indices, metals, capital goods & banks look weak, while FMCG & IT could outperform, it said. [caption id=attachment_445680 align=alignleft width=380 An absolutely sluggish and flat sta
The Indian equity markets extended losses to a second straight trading session on Friday on the back of sell-off witnessed in equity markets around the globe. The 30-share BSE Sensex fell 211.92 points to close at 19,242, and Nifty slipped 68.70 points to end below 5,850 level at 5,847.7. This is the biggest Sensex loss since 8 October. Traders preferred to book profit and turn cautious after the US House of Representatives Speaker John Boehner said that a proposal to avert automatic spending cuts and tax increases failed to gather enough support, raising concerns that US may slip into recession, said IIFL in a research note. Meanwhile, Standard and Poor's expects India to grow by 6.5% during 2013. [caption id=attachment_565980 align=alignleft width=380 The Indian equity markets extended
The Indian markets started on a positive note today with the BSE Sensex BSE trading at 18652, up 41 points and the NSE Nifty at 5,671, up 11 points . Globally, European leaders will meet for the fourth time this year to discuss plans for a banking union at a summit today but no real expectations here as complacency is likely to continue. China's GDP data for the third quarter grew by 7.4 percent; its lowest level since early 2009. US stocks ended flat. [caption id=attachment_494601 align=alignleft width=380 The Indian markets started on a pos