FIRSTPOST YOUSPEAK
Wednesday, May 22nd 07:55 PM IST
Gallery
BSE Sensex GALLERY.
The Sensex ended flat on Monday, rebounding from two-month lows in an absolutely lackluster trading session despite positive vibes from the US and the Asian markets. Even strong start to the European market was unable to lift the sentiment on Dalal Street. BSE Sensex closed at 18339, up 29 points over the previous close, snapping six previous consecutive sessions of falls that saw the benchmark index retreat a total of 3.1 percent. However, the Nifty ended down 0.05 percent. Vibhav Kapoor of IL&FS ,told emCNBC-TV18 t/emhat if the parliament session India and the fiscal cliff in the US turn out to be positive, then the market could push back to 5,800 levels by end of December. [caption id=attachment_528138 align=alignleft width=435 The Sensex ended flat on Monday, re
Investment bank Morgan Stanley today joined the bandwagon and set a new target of 23,069 points by the end of December 2013 for the 30-share index BSE Sensex. The new target implies an index trading at 14.9 times estimated 2014 earnings. Earlier Deutsche Bank and Citigroup also raised their targets for Sensex after the government announced reforms last week, including opening up the country's multi-brand retail sector to foreign direct investment. [caption id=attachment_458664 align=alignleft width=380 Investment bank Morgan Stanley toda
The stock markets have edged into the green post the inflation data coming in at 7.25 percent for the month of June against the emCNBC Tv-18/em poll of 7.61 percent. The BSE Sensex is up 26 points to 17,239.75 points, also up 77 points from the day's low. The S&P CNX Nifty is also up 10 points to 5,237. The market breadth is positive. On the BSE, 1,312 stocks have advanced while 1,209 declined. [caption id=attachment_378658 align=alignleft width=380 The stock markets have edged into t
Indian markets ended on a positive note with the Nifty closing above 6,000 and the BSE Sensex touching a new two-year high even as global markets saw bouts of profit-booking. However, Mohammed Apabhai, Asia Pacific Trading Strategies Group of Citi has advised maintaining a cautious stance on equities after the recent rally in the fourth quarter of 2012. In an interview with emCNBC-TV18/em, he said equity markets have hit targets in November, adding that a Nifty fall to 5,400-5500 will not be surprising. BSE index provisionally gained 0.02 percent, while the 50-share NSE index ended up 0.11 percent, both marking their highest closes since January 2011. Oil marketing companies such as ONGC rose on hopes a proposed change in the government's pricing formulas would boost gas prices, while IT stocks rose on expectations for a better 2013. Shares of gold loan firms such asstrong Manappuram Finance/strong and strongMuthoot Finance/strong continued to surge after the Reserve Bank of India proposed increasing the loan-to-value or LTV ratio to 75 percent from 60 per cent currently. [caption id=attachment_578342 align=alignleft width=380 Indian markets ended on a positive
After falling by almost 300 points yesterday, the markets managed to close just about in the green. Both the Sensex and the Nifty gained 0.2-0.24 percent. The BSE Sensex, the barometer of the Indian economy gained 40.7 points to close at 16,918 while the S&P CNX Nifty closed at 5,128. The advance-decline ratio was neck to neck with one share falling for every one share rising. Globally every market is watching development in the Eurozone as Spain wants a partial bailout from its European partners to meet its immediate financing needs to avoid an imminent collapse. Locally the market is expecting diesel price hike, but sources told emCNBC-TV18/em that a price hike would be possible after vice-president election. [caption id=attachment_389251 align=alignleft width=380 After falling by almost 300 points
It's a strong start to the markets with the Sensex up more than 100 points in trade and the Nifty up 30 points at around 5224 levels after falling in the past four trading sessions. Asian markets have shrugged off the overnight losses on Wall Street amid growing speculation of fresh stimulus from China to USA. The US stock markets ended lower while the European markets managed slender gains. All BSE sectoral indexes are trading in green with ICICI Bank and HDFC Bank pulling the Sensex higher. Dr Reddy's, up 1.7 percent, Hindalco ( up 1.2 percent) and Sun Pharma ( up 1.2 percent) are the big Nifty gainers. Kingfisher is trading flat but it is the top traded counter on NSE. The rupee too opened higher as Asian shares and other risk assets gained as investors covered short positions while awaiting US Federal Reserve Chairman Ben Bernanke's view on the US economy later in the day. At 9.06 a.m., the partially convertible rupee was at 55.00/01 to the dollar versus its 55.31/32 close on Monday. Auto,Bankex, PSU, FMCG,Oil and Gas, HC, FMCG,Teck, Metal, Realty, Power, Consumer Durables and Capital Goods indices are the gainers. The undercurrent has been buoyed by a positive trend across Asian markets, as global investors continue to bet on more stimulus out of the US and China. [caption id=attachment_379684 align=alignleft width=435 It's a strong start to the markets
The Sensex fell again today as lenders such as ICICI Bank faltered on worries quarterly economic growth data at the end of the week would be weak. The markets traded in the blues throughout the session in the absence of any positive trigger, both in domestic as well global markets. BSE Sensex ended at 17,678 down 0.6% while the NSE Nifty at 5,350, down 0.7%. All the sectoral indices barring Oil&Gas and FMCG were in the red which rose 0.3% and 0.2% respectively. Realty was the biggest decliner to end down 2.4%. Bankex, Capital Goods, Metals, Power, IT, Tech and PSU were the other notable losing indices. [caption id=attachment_432319 align=alignleft width=435 The Sensex fell again today as lend
Its a bad week for the markets as the Sensex crashed by 281 points to close at 16,877 points, well below the 17,000 mark. The S&P CNX Nifty also fell 87 points and closed at 5,117.95 points. The 1.6 percent provisional fall in the Sensex makes it one of the biggest percentage fall since May 16, as investors booked profits in recently outperforming sectors such as banks as global risk aversion hammered Asian shares. The markets hit their lowest level in almost the last four weeks over debt related concerns in countries like Spain. The market breadth was negative. On the BSE, 1,795 stocks declined while 991 advanced. All the sectoral indices closed in the red led by a steep fall in metals (-3.35 percent), realty (-2.87 percent) and power (-2.7 percent). [caption id=attachment_387776 align=alignleft width=435 Its a bad week for the markets as t
strongMumbai:/strong Leading foreign brokerage Deutsche Equities India today joined counterparts in giving an overweight call on Indian markets and said BSE benchmark Sensex is poised to touch 22,500 points by 2013-end. Deutsche Equities India said the recent government actions have completely changed their views on Asia's third largest economy and this is reflected in the bullish target. The 30-share BSE benchmark may rise to 22,500 points by December, led by financial, energy, industrial, material and information technology stocks, said Abhay Laijawala and Abhishek Saraf, strategists at the brokerage arm of Germany's Deutsche Bank, while releasing a report here. [caption id=attachment_592372 align=alignleft width=380 strongMumbai:/strong Leading foreig
The Indian equity markets rebounded with a steep rise, accelerated by global investor sentiment and a strong rate-cut hope. According to Reuters, BSE Sensex posted the biggest single day gains since 29 November and the benchmark indices closed at a three month high. Sensex closed at 19126.28, up 1.32 percent and the Nifty closed at 5784.25, up 1.50 percent. [caption id=attachment_649097 align=alignleft width=380 The Indian equity markets rebounded
It's a flat start for markets but retail stocks are on fire after India's foreign investment board cleared Swedish furniture maker Ikea's Rs 10,000 crore proposal to set up stores in India yesterday. Meanwhile, result-specific stocks will continue to dominate the headlines and today would be the turn of HUL among others. Cairn India rose 2.55 percent eyed after it announced a 48 percent rise in its net profit to Rs Rs3345 crore on Monday. At 9:30 am, the BSE Sensex was trading 11 points higher at 20,113, while the NSE Nifty was up 3 points at 6086. RIL, Wipro, NTPC, Bajaj Auto, Sun Pharma Coal India, Maruti Suzuki, L&T, M&M, Tata Steel are among gainers in Sensex and Nifty. [caption id=attachment_597271 align=alignleft width=435 It's a flat start for markets but r
Not much action on the Indian bourses today as both the Nifty and the Sensex opened flat as global cues are not very supportive. The BSE Sensex was trading at 18,774, up 12 points and the NSE Nifty was quoting at 5,696, down 6 points over the previous close. The rupee falls to 52.92/94 versus last close at 52.85/86, tracking weaker Asian FX. The euro fell to a three-week low on Monday, after an independent audit of Spain's banks failed to quell concerns about the country's progress towards a bailout. [caption id=attachment_474660 align=alignleft width=380 Not much action on the Indian bours
strongNew Delhi:/strong The number of PSU stocks in the country's three stock indices-Sensex, Nifty and SX 40-are few and far between, indicating a growing clout of private peers. At the 30-share BSE benchmark Sensex, the number of PSU stocks is the lowest at just six. Similar is the case with the newly launched MCX SX's SX 40 index, where there are only seven state-run entities.[caption id=attachment_621265 align=alignleft width=380 strongNew Delhi:/strong The number
Mukesh-Ambani owned Reliance Industries is the biggest market mover today and has surged nearly 5.5 percent to top the 50-share Nifty index. On BSE, 7.33 lakh RIL shares were traded in the counter as against an average daily volume of 3.96 lakh shares in the past one quarter. The stock is currently trading at a three-month high on the Bombay Stock Exchange, up 4.90 percent at Rs 777. Meanwhile, the BSE Sensex is up 1.26 percent to 17,414.46. The stock surged after reports that benchmark Singapore gross refining (GRM) have strengthened from the second week of July 2012 to average at $8 a barrel from $6.7 a barrel in the quarter ended June 2012. [caption id=attachment_406895 align=alignleft width=380 Mukesh-Ambani owned Reliance Indust
Digital Domain Media Group Inc said a joint venture led by Galloping Horse America LLC and the US unit of India's Reliance MediaWorks has submitted the winning bid to acquire some of its businesses and assets for $30.2 million. Shares of Reliance MediaWorks jumped 7.81 percent on BSE to Rs 74 in a negative Mumbai market. The BSE Sensex is down 25 points at 18726. Digital Domain, a Hollywood special effects company started in 1993 by superstar director James Cameron and the late special effects guru Stan Winston, had filed for bankruptcy protection on Sept. 11. The sale of its visual effects and some other businesses and assets is subject to execution of an asset purchase agreement and Bankruptcy Court approval, Digital Domain said in a statement. [caption id=attachment_466227 align=alignleft width=380 Digital Domain Media Group Inc said
It was a volatile start for the markets as they closed in the red after a slight revival post inflation numbers. Both the Sensex and the Nifty fell 0.64 percent and 0.57 percent, respectively. The BSE Sensex fell 110.39 points to close at 17,103 while the Nifty fell 30 points and closed below 5,200 at 5,197.25. The fall in markets could be attributed to two reasons. First is over doubt that whether RBI will cut rates and the second, after Met department said that the monsoon may miss forecast in July and may be deficient in September. [caption id=attachment_379039 align=alignleft width=380 It was a volatile start for the mar
It's a weak start to the Indian markets on sluggish global cues. The Asian markets are in the red. Besides the US market fall, the Asian markets have to deal with a drop in Japan's exports too. Both the Sensex and the Nifty are in the red. While BSE Sensex is down 40 points at 18637, the NSE Nifty is down by around 30 points. Technical analysts Sudarshan Sukhani of s2analytics.com cautioned that the Nifty may slide below 5,650 mark today. The momentum of the market remains on the downside, so bias remains on the short side, he said in an interview to CNBC-TV18. [caption id=attachment_498055 align=alignleft width=380 It's a weak start to the Indian mar
Coal India rose in morning tradeafter the company revised its fuel supply pact with power units commissioned after December 2009 to include new clauses that include higher penalty for short supply. The stock is currently trading 1.69 percent higher at Rs 351.30 on BSE, with the stock gaining for the second straight day. Meanwhile, the BSE Sensex was up 48.54 points, or 0.28%, to 17,649.10. The company made the announcement after trading hours on Tuesday. The stock has risen 1.87% in two consecutive sessions . [caption id=attachment_411877 align=alignleft width=380 Coal India rose in morning tradeaft
Wipro, India's third-largest software services provider, will demerge its consumer care and medical diagnostics units, the company said in a statement to the stock exchanges on Thursday. The separation of the IT services and consumer businesses would help command a better valuation for the software business, say analysts. The company's stock surged 3.35 percent to Rs 363 on BSE following the announcement, while the BSE Sensex is down 0.03 percent at 18499 levels. Creating a technology-focused company will allow us to better serve the needs of our customers, and accelerate investments necessary to capitalize on market growth opportunities said TK Kurien, CEO, IT Business and Executive Director, Wipro in a statement today. [caption id=attachment_510563 align=alignleft width=380 Wipro, India's third-largest softwa
The government's reform drive has failed to lift investor spirits with the Indian markets again opening flat. After last week's gains, the Sensex has lost around 1 percent this week. November inflation data is awaited which will guide the RBI's policy stand next week. While the BSE Sensex is up 0.06 percent at 19240, the NSE Nifty is up 0.04 percent at5854. The government is back in action with initiating a host of reforms. Expediting approvals for projects and a new law for land acquisition are among them. A Cabinet Committee on Investments headed by the prime minister is being set up to improve clearances of projects of over Rs1000 crore and of course cut red tape. [caption id=attachment_556956 align=alignleft width=380 The government's reform drive has f
After a sharp rally on Friday, Indian markets have been relatively flat this week. The Sensex has hardly moved so far this month and was up a mere 0,08 percent in June Today too the markets open flat, with the Sensex down 11 points at 17449 levels and the Nifty down 4 points, just below the 5300 mark as the regional peers are trading mostly in red and the monsoon concern continue to weigh. 18 components are trading in red. The BSE bankex is down 0.4 percent in opening trade, auto index is down marginally; rate-sensitive sectors are leading losers this morning. Shares of ICICI Bank, Bajaj Auto, L&T, ONGC, TCS, SBI, Tata Steel, Dr Reddy's Labs, Wipro and GAIL were under pressure. However, ITC, Tata Motors, HUL, Sterlite, JSPL, Hindalco, M&M and BHEL gained. [caption id=attachment_367833 align=alignleft width=380 After a sharp rally on Friday, Indi
IT sector funds were the top performers in August among Indian mutual funds that focus on domestic stocks as lower valuations of the sector's shares after their sharp declines in July revived investor interest. The BSE Sensex gained 1.1 percent in August, but IT stocks outperformed as the BSE IT index surged 8.3 percent after falling 7.3 percent in July, with shares in India's top software services firm TCS rising 8 percent, and rival Infosys gaining 6 percent. IT is now fast becoming a stock-specific scenario, said Waqar Naqvi, chief executive of Taurus Mutual Fund, adding that the outlook for the sector will be neutral in the coming months. [caption id=attachment_442744 align=alignleft width=380 IT sector funds were the top perfor
It's a subdued start to the Indian markets despite the cheer around Diwali, as as global financial woes and fiscal-cliff of the US issues are likely to dominate investment sentiments. The 30-share BSE Sensex rose 32.41 points to 18,716.09 and the 50-share NSE Nifty was up 11.5 points at 5,697.75 in opening trade. Sensex is likely to be volatile, with a weakish bias, but because of Diwali sentiments are likely to be little better. But global problems and fiscal cliff issues would dominate investor sentiment, Ashika Stock Brokers research Head Paras Bothra said. [caption id=attachment_522545 align=alignleft width=380 It's a subdued start to the Indian
The BSE Sensex ended flat on Friday as gains in software service exporters such as Infosys on hopes for a revival in demand were offset by declines in State Bank of India and Tata Motors after both disappointed with their quarterly earnings. Sentiment also weakened as Asian shares snapped a four-day rally on Friday after China's July trade data fell far short of expectations, casting doubts on whether the sputtering global economy will regain traction any time soon. Despite the improvement in demand for risk assets evidenced this week, developments in the eurozone as well as economic indicators from major global economies will remain near-term drivers for Indian stocks. [caption id=attachment_414173 align=alignleft width=435 The BSE Sensex ended flat on Friday
Indian markets today retreated from their 19-month high on worries over the Parliament's impending vote on FDI in multi-brand retail and after rating agency Fitch confirmed slowdown in the economy. The BSE Sensex ended0.17 percent lower at 19305 , while Nifty also ended down 0.15 percent at 5870. But despite today's fall, Sandeep Bhatia, ED & Head of Sales, Kotak Institutional Equities is hopeful to see a decent year-end rally in Indian equities. [caption id=attachment_543516 align=alignleft width=380 Indian markets today retreated from
It is a clear signal of victory. The Sensex and Nifty have managed to outperform the monkeys and brokers in the last 11 months and one week as the benchmark indices rose 6.3 percent and 7.4 percent, respectively. However, monkey 1, a href=http://www.firstpost.com/investing/introducing-two-monkey-portfolios-for-investors-65083.html target=_blankconsisting of 10 randomly picked stocks from the BSE 100/a, did not do too bad as he managed to outperform the experts and his brother, Monkey 2, as the index gained 3.9 percent since inception. Specific stocks like Grasim (26.5 percent), Tata Global (35.5 percent) and Yes Bank (35 percent) are some of the top gainers helping the index rise ( a href=http://www.firstpost.com/wp-content/uploads/2012/07/monjey1_23.jpg target=_blanksee table/a). [caption id=attachment_387044 align=alignleft width=380 It is a clear signal of victory. Th
The BSE Sensex provisionally fell on Thursday on profit-taking, led by declines in banking stocks as hopes of a rate cut by the central bank faded while cigarette maker ITC dropped on regulatory worries. ICICI Bank ended 1.27 percnet down while HDFC Bank fell 1.28 percent. They had earlier gained after the unexpected fall in July inflation boosted hopes for monetary easing by the Reserve Bank of India. [caption id=attachment_420118 align=alignleft width=380 The BSE Sensex provisionally fell o
Despite opening in the red, the Indian markets closed in the green led by gains in auto stocks on higher-than-expected October vehicle sales while tech firm Wipro rose after it said it will separate its non-IT units to focus on outsourcing. The BSE Sensex ended up 0.30 percent at 18561.70, while the NSE Nifty closed 0.41 percent higher at 5642.50 [caption id=attachment_511361 align=alignleft width=380 Despite opening in the red, the Ind
Absence of positive trigger, both from domestic and international front resulted in the Indian markets ending in the red. While BSE Sensex fell 0.8 percent to 17313 levels, the NSE Nifty ended the day at 5,226, down 48 points or 0.9 percent. The Indian rupee too depreciated by 23 paise to 55.88 against the US dollar. Market participants continued to tread cautiously amid overnight losses in the US and Asian markets in the wake of disappointing economic reports. Today's decline was seen despite the HSBC services PMI for August rising to a six month high. [caption id=attachment_444829 align=alignleft width=380 Absence of positive trigger, both f
strongMumbai/strong: The BSE benchmark Sensex today rose over 41 points in early trade on sustained buying by participants on hopes Reserve Bank of India will cut interest rate tomorrow and better-than-expected corporate earnings. The 30-share barometer, which had gained 179.75 points in the previous session on Friday, rose by 41.10 points, or 0.20 per cent, to 20,144.63, with realty, banking and auto sector stocks leading the rise. [caption id=attachment_603994 align=alignleft width=380 strongMumbai/strong: The BSE benchm