Tuesday, December 22, 2009

Higher dividend from Maruti Suzuki doubtful this time too

Maruti Suzuki, the largest auto maker in India, is doubtful to give higher dividend to its shareholders this time too as against its counterparts in India. The company is earning robust revenues and profits this year but poor distribution of dividend to its shareholders. It is to be mentioned that stock price of the company has trebled since the beginning of the current year. Let's see the dividend data of last year's. Maruti Suzuki paid a total dividend of Rs 101 crore that is less than 10 per cent of its net profit. On the other hand, Mahindra & Mahindra and Tata Motors use to distribute almost a third of their net profits in the form of dividends. The strategy forced Maruti Suzuki's shareholders to depend on the vicissitudes of the stock market to make money from this stock. It is also widely believed that the strategy to give lesser dividends might not change in the near future.

Maruti Suzuki
cars segment. Maruti Suzuki is leading the segment with two-third market share. It also controls over 50 per cent of the home market. Similarly, the company is growing leaps and bounds at the export front and its the leading suppliers of fuel-efficient cars to European markets. Around 15 per cent of its total production accounts for export only. There are two major launches are scheduled in the next few days that is Volkswagen Polo and Ford Figo.

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Wednesday, December 2, 2009

Tata Motors and Maruti Suzuki shares shine in the early trade

Shares of Tata Motors an Maruti Suzuki shone at the early trade on Wednesday. Tata Motors jumped 4 per cent to Rs 730 on the BSE while Maruti Suzuki closed moved up 1.5 per cent at Rs 1,612. On the other hand, Mahindra and Mahindra dipped 1 per cent to Rs 1,066 and traded of 181,871 shares.


Banks and autos lead the rally in the day but continue the trend at the end. India's leading auto makers reported a record 63 per cent sales growth in the last month-November. Among the all leading auto companies, eight firms contributed over 90 per cent of the India's total domestic car sales. The sales figures is expected to do well in the coming days as a couple of international car companies are going to launch new vehicles in India like Volkswagen Beetle and Volkswagen Touareg on 4th December.

Overall, Sensex closed with a loss of 28.36 points at 17,169.91 points due to profit booking at the end of the day. The Sensex moved between 17,329 to 17,142 points during the whole day. A weak European opening added more trouble for the domestic market. On the other hand, the National Stock Exchange index Nifty closed flat with a gain of only 1.25 points at 5,123 points.

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Wednesday, November 11, 2009

BSE closed down 58 points

The Bombay Stock Exchange benchmark Sensex closed down 58.16 points at 16,440.56 on Tuesday.

Sensex Down
It was below Monday's closing. However, the Senesx moved to 16,677.53 points in the afternoon but could not forward it till the trading ended due to selling of stocks by investors. In the same way, the National Stock Exchange index Nifty experienced the same story. It also ended in negative at 4,881.7 points down 0.34 per cent from its previous close.

The market breadth was negative, with 1,463 stocks declining, 1,290 advancing and 56 remaining unchanged.

The top stock in today's trading was Tata Motors. Tata Motors gained 2.6 per cent to Rs 609.1 on account of robust sales in October. Its sales moved to 34 per cent to 132,165 vehicles in October, according to SIAM. Similarly, another auto maker, Mahindra and Mahindra increased 1.5 per cent to Rs 1,017.95. ICICI Bank, Reliance Industries and State Bank of India also registered grwoth while Maruti Suzuki, Hero Honda and Reliance Industries were among the losers in today's trading.

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Friday, November 6, 2009

Sensex gains today

The Asian markets trade well in today morning including the BSE. The Bombay Stock Exchange benchmark Sensex gained 185 points at 16,249. Thanks to the global cues that enable the market to reach the 16K mark. Similarly, the National Stock Exchange index Nifty received the same experience as it gained 63 points at 4828. The stocks who took the market on positive terrain are- Jaiprakash Associates grew by 3 per cent at Rs 224, Tata Steel moved to 3.3 per cent at Rs 500 and DLF increase up 2 per cent at Rs 382.
Senses Up
In the same way, Hindalco and Sterlite gained 2 per cent and 3 per cent respectively. On the other hand, ITC and Hindustan Unilever were big losers in today's morning trading as the former dipped to 1 per cent at Rs 275 and the latter traded flat with a negative bias at Rs 251. Out of 831 stocks traded on the BSE so far, there are 755 advancing stocks as against 65 declines.

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Wednesday, October 28, 2009

Sensex closed down 70 pts

Sensex Down
The Bombay Stock Exchange benchmark Sensex ended in negative zone for the third consecutive day. The BSE closed down 70 points at 16,283 on Wednesday. Earlier, the BSE Sensex started flat at 16, 336 points. But right after it was in negative terrain at 16,144. Overall, the Sensex went up and then down in the day and finally closed with a loss of 70 points at 16,283. Thanks to global markets mixed cues. On the other hand, the National Stock Exchange index Nifty ended with a loss of 21 points at 4,826.

The market breadth was fairly negative. Out of 2,756 stocks traded 1,628 declined while 1,057 advanced. The major market movers were Bharti Airtel who added 3.5% at Rs 317 and Wipro gained 3% to Rs 623. Reliance moved up 2.5 per cent to Rs 562 and Tata Motors gained 2.5% to Rs 2,036. Larsen & Toubro added 2% to Rs 1,588 as well.

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Wednesday, October 21, 2009

Hero Honda posts robust net profit

Hero Honda, the market leader in two-wheeler segment, announced its second quarter results in a filing to BSE. As per its filing, the company registered a growth of 95 per cent for the second quarter ended September 30, 2009. The net profit posted is Rs 597.14 crore as against Rs 306.30 crore in the same month last year.

Hero Honda Splendour Plus

Apart from this, Total income of Hero Honda increased to Rs 4,128.15 crore during the second quarter (July-September) from Rs 3,255.93 crore in the same period the previous year. On the contrary, the shares of the company closed down 2.90 per cent over previous close on the BSE at Rs 1,612.90. Hero Honda Splendour Plus is the major contributor to the company's profit.

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Thursday, October 15, 2009

Tata Manza Launched in india

Tata Motors, the leading auto manufacturer of the country, has launched its much awaited and ambitious Tata Manza in Mumbai. This launch is the new model of Tata Indigo. Tata Motors Chairman Ratan Tata unveiled the festival gift for the customers. The entry-level sedan has been launched in four variants- Aura (ABS), Aqua, Aura and Aura plus. The base petrol version is priced between Rs 4.8 lakh and the high end diesel version has a price tag of Rs 6.75 lakh. It comes in seven stunning shades.

Tata Manza
Tata Motors officials informed the reporters at the launch that existing variants of Tata Indigo, Tata Indigo Marina, Tata Indigo XL and Tata Indigo CS, would be sold side by side. Tata Indigo, launched in December 2002, has seen a great success in the entry-level sedan segment till 2008. Since launch, 275,000 units of the Tata Indigo were sold. Tata Manza is developed on the Tata Indica Vista platform and the company has invested Rs 2,000 crore to make the platform. Company officials denied the idea of developing electric version of the new launch. Tata Manza is available with a 2 years or 75,000 kms, whatever completes first. The sedan is powered by Fiat's 90 hp Quadrajet diesel and saffire petrol engines. The length, width and wheelbase are- 4.4m, 1.7m and 2,520mm, respectively.

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Monday, October 12, 2009

GM's luxury sedan Chevrolet Cruze launched

It's festival time in the country! And auto companies are thronging in with new launches. Clearly, its a move to grab the most of the market share. In this line, General Motors India launched its much-awaited luxury sedan Chevrolet Cruze in India. The company introduced two models of the sedan. Though the engine capacity is same-2.0 diesel engine.

Chevrolet Cruze
This car, Chevrolet Cruze, would give 18.3 kmpl of fuel efficiency. The 1.8 litre petrol version of the car will hit Indian roads in the months to come. The sedan will cost Rs 10.99 lakh to Rs 12.45 lakh in Delhi. Karl Slym, President and MD of GM India, told media persons here that the car is appreciated out side India and the company is hoping the same here.

The car is positioned in the D-segment in the country where likes of Honda Civic, Skoda Octiva and Toyota Corolla is dominating. Tata Manza is also scheduled to be launched on 14 October in the country. GM is also geared to introduce its mini car, Chevrolet Beat, in India by the end of the year. The car is to be priced at Rs 4 lakh. In addition to this, the company is preparing to launch Chevrolet Spark with a 800cc petrol engine in 2010.

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Thursday, October 1, 2009

Sensex just added 7.71 pts

Sensex Up

The Bombay Stock Exchange benchmark Sensex could just added only 7.71 positive points to 17,134.55 at the close of the day on Thursday. On Wednesday, it touched the mark of 17,000 points but today, only mange to add some good points due to buying selling. On the other hand, the wide-based National Stock Exchange index Nifty could not do well and closed lower by 0.55 points at 5,083. It may be noted that Thursday is the last day of trading due to holidays starting from 2 October. Ahead of this long weekend, buying and selling were done in a big way.

Initial gains were also wiped off due to profit selling by foreign funds triggered by reports of increasing inflation, a fall in August month exports and a weak US manufacturing data. Nevertheless, interested buying in heavyweight stocks averted the market from ending in negative terrain. Bharti, the country's largest private telecom operator, jumped 4% to Rs 435.35 after climbing 12% earlier. Infosys surged by 0.75 % to Rs 2,325.75 on expectations. The two stocks carry nearly 15% weightage on the Sensex.

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Wednesday, September 23, 2009

Sensex ended with negative note

The Sensex ended with a negative note on Wednesday. Earlier, the Bombay Stock Exchange benchmark Senesx opened with positive note at 19 points at 16,905. Thereafter, it plunged in negative terrain and finally ended in red. It closed down 170 points at 16,717. On the other hand, the National Stock Exchange index Nifty ended below 5000 mark. It was ended marginally in the red at 4969.95 points, down 1 per cent. Broader market indices also ended in the positive terrain, with the BSE midcap index closing 1.29% lower and the BSE smallcap index down 1.44%.

Bombay Stock Exchange

The markets breadth was negative. Out of 2,864 stocks traded, 1,001 advanced and 1,784 declined. Sterlite increased 1.09% to Rs 769, HDFC Bank gained 1.45% to Rs 1,560 and Sun Pharma surged 0.58% to Rs 1,212. Bharti Airtel shunk 3.43% to Rs 414, Reliance Communications down by 2.9% to Rs 308 and Jaiprakash Associates dipped 6.34% to Rs 235. Reliance Infrastructure, Hindustan Unilever and Mahindra & Mahindra were plunged in red between 1 and 2% each.

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Monday, September 14, 2009

Sensex ended down 0.5%

Sensex Down

The Sensex ended down 0.5 per cent on Monday. Earlier at the starting of the trade, it opened 79 points lower and continued the negative trend throughout the day. The BSE-30 share index tried to recover during final trading hour, however, could not succeed. It touched an intra day high of 16,252, still down 12 points from the previous close. Japan's Nikkei stock average fell 2.3% to 10,202 today with Toyota Motor Corp and other exporters battered as the dollar hit a 7-month low against the yen.

The market breadth was marginally positive - out of 2,855 stocks, 1,473 advanced, while 1,309 declined. Tata Steel led the combined value chart on both the BSE and the NSE with a turnover of Rs 798.6 crore. It was followed by HDIL (Rs 674.35 crore), DLF (Rs 627.7 crore), Aban Offshore (Rs 625 crore) and Reliance (Rs 617.11 crore). IFCI topped the combined volume chart with trades of over 46.87 million shares. It was followed by Unitech (42.88 million), NHPC (46.66 million), Ispat (39.15 million) and Suzlon (36.48 million).

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Wednesday, September 9, 2009

Sensex touches 16,215 pts

Sensex Up

After trading in negative zone, the Bombay Stock Exchange benchmark Sensex touched a high of 16, 215. It was 170 points up from the day's low. At present, the Sensex is at 16,211, up 87 points. Similarly, the National Stock Exchange index Nifty at 4,280, up 15 points. Overall, the market breadth is negative. Out of 2,843 stocks, 1,521 have advanced, while 1,239 have declined so far.

Realty index has declined the most.Index heavyweight Reliance has soared nearly 4% to Rs 2,158. Hindalco has also surged nearly 4% to Rs 119. Jaiprakash Associates has gained 2.5% to Rs 239. Tata Power, HDFC Bank and HDFC have advanced 1.5% each to Rs 1,297, Rs 1,474 and Rs 2,524, respectively. Tata Steel has added over 1% to Rs 461. Among the Nifty stocks, Cairn India and Axis Bank have added 1.5% each to Rs 270 and Rs 918, respectively

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Friday, September 4, 2009

Sensex up, thanks to European markets

Sensex up

At last, the Sensex bounced back and ended with positive note on Friday. It was up 290 points at 15, 689 at the close of trade. It was all due to the positive cues from the European markets that support the Sensex to come back in positive terrain. The Bombay Stock Exchange benchmarks index opened with a marginal gap of 28 points at 15,426. At noon, it was in negative shade with 15,359 points.

Then buying in metal, auto and index heavyweights saw the Sensex up to a high of 15,741 which was the day's high (382 points). On the other hand, the National Stock Exchange Nifty index touched low of 4,580, and then soared to a high of 4,697. All the sectoral indices gained with auto and metal indices leading. The auto index gained 3% at 6,079 on the back of good sales numbers from most of the vehicle majors. Metal index added 2.7% to 12,496 on hopes of an increase in demand with the economic recovery. The market breadth was positive. Out of 2,831 stocks traded 1,576 advanced while 1,162 declined.

Mahindra & Mahindra rallied 6% to Rs 864 on plans to enter the US market. Hero Honda added 4% to Rs 1,602. Metal major, Sterlite gained 4% to Rs 670. Larsen & Toubro, HDFC, ONGC and ITC advanced 3% each. Grasim, ACC, Maruti Suzuki, Reliance, Hindustan Unilever, Tata Steel, Reliance Infrastructure, Hindalco and Tata Power also moved up around 2% each.

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Tuesday, August 18, 2009

Sensex bounces back, touches 15K mark

Sensex Heigh

MUMBAI: The Bombay Stock Exchange benchmark Sensex ended touching 15K mark on Monday after kissing around 14, 746 points. In the early trade today, the Sensex opened 39 points lower at 14, 746. During the day, it touched gain and again fell into red zone. But thanks to extensive buying in realty, metal and power stocks that brought back the Sensex to its glory. Finally it was at 15,134 points and the total gain was 250 points.

The positive figure is 1.5 per cent more than its previous close. The NSE Nifty ended at 4459, up 1.5%. The market breadth was positive. Out of 2,714 shares traded, 1,733 (64%) advanced, 900 (33%) declined and 81 (3%) were unchanged on the BSE today.

The midcap and the smallcap indices outperformed the broader market. The indices were up 2% each. All the sectoral indices ended in green. The BSE Capital Goods Index surged around 4% to 12,314. The Realty, metal and Power indices added over 2% each. Auto, bankex, FMCG, oil & gas, healthcare, consumer durables and IT indices were the other sectoral movers.

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Monday, August 10, 2009

Tata Motors down 1 per cent to Rs 410

Sensex fall

Auto stocks saw down fall for the fourth straight day, Monday, in the view of monsoon. Tata Motors which is going to launch Tata Indigo Vista experienced 1 per cent fall at Rs 410. In the month of August, Toyota is to roll out Toyota Fortuner in the Indian car market. This SUV is supposed to be priced between Rs 18 to 20 lakh. Meanwhile, other loser in the auto industry are Bajaj Auto, Maruti Suzuki and Mahindra. The automobile index slipped 2.4% at 5,326. In the early trade, the index opened at 5,557 and touched a low of 5,311. The BSE auto index has underperformed the boader market and has declined 11.5% since Tuesday's close of 6,007. Mahindra & Mahindra dipped 5% to Rs 791. Maruti Suzuki fall 3% to Rs 1,253. Hero Honda slipped 2.2% at Rs 1,449. Escort and Amtek Auto has dipped 2.5% each to Rs 68 and Rs 135, respectively. Bajaj Auto has dropped 1.5% to Rs 1,159. However, Cummins and Ashok Leyland are up marginally at Rs 290 and Rs 33, respectively.

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Monday, August 3, 2009

Maruit rises 1.4 per cent

Sensex Up

MUMBAI: In the volitale market, Maruti Suzuki India Ltd. Surged 1.4 per cent.

In the early trade, the Sensex was in positive terrain. Maruti's value increased after it announced vehicles sales last month. On Monday morning, the Bombay Stock Exchange benchmark Sensex was up 17 points at 15688, at 12.30 p.m. While National Stock Exchange index Nifty was up 8 points at 4644. Sterlite gained 3 percent.

A measure of six metals traded in London jumped 1.7 percent on Friday. The gauge swung between gains and losses at least six times after advancing as much as 0.6 percent. Two stocks rose for each that fell on the benchmark. The S

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Tuesday, July 28, 2009

Market watch: Little effect of monetary policy review

BSE Down

MUMBAI: The markets remained unaffeceted to the monetary policy review by Reserve Bank of India. At aroun 2.40 p.m., the Bombay Stock Exchange benchmark Sensex was down by 7.75 points at 15,367. While the wide-based National Stock Exchange index was down by 3 points at 4,569.30. Earlier in the opening trade, markets were showing growth but couldn't contain it through the day.

The RBI on Tuesday kept the key rates unchanged. It kept the bank rate - the lending rate at which banks borrow from RBI-- unchanged at 6 per cent. Short-term lending (repo) and borrowing (reverse repo) have been retained at the same level of 4.75 per cent and 3.25 per cent respectively.

Tata Motors stock today climbed over 7.50 per cent or Rs 28.50 at Rs 402.70 on the NSE on strong first quarter earnings yesterday. The US Dow Jones Industrial Average ended 0.17 per cent higher yesterday.

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Tuesday, July 21, 2009

Meter down: Markets struggling to B+


MUMBAI: The markets were struggling hard to recover and jump in positive terrain. In a volatile kind of market, the Bombay Stock Exchange benchmark Sensex slipped 109 points at 15081 and the wide based National Stock Exchange index Nifty was down 22 points at 4479, at around 2.45 p.m.

The indices were trading in a wave like way since morning. Steel stocks are leading the recovery. Jindal Steel has surged over 3.5% to Rs 2,758. Tata Steel has gained 2.3% to Rs 391, and SAIL has added 1.8% to Rs 169. Maruti has rallied nearly 3% to Rs 1,244. Maruti has launched its Maruit Grand Vitara recently. Idea Cellular has advanced over 2% to Rs 75. Ranbaxy, Larsen & Toubro and Reliance Infrastructure are the other prominent gainers.

On the other hand, TCS has plunged nearly 4% to Rs 481. GAIL India has shed 3.5% at Rs 327. Mahindra & Mahindra has dropped nearly 3% to Rs 798. Suzlon and BHEL have slipped around 2.5% each to Rs 92 and Rs 2,224. ITC, ACC, Sterlite, Tata Communications and NTPC are also down around 2% each. Meanwhile, the BSE index, the Sensex is now down 100 points at 15,091. The market breadth is almost neutral, with 1,293 declining stocks as against 1,249 advancing stocks.

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Thursday, July 9, 2009

Sensex returns to negative zone

Sensex returns to negative zone
MUMBAI: The Indian markets remain in negative zone on Thursday. Nevertheless, the opening was positive. After the lots of up and down the Bombay Stock Exchange benchmark Sensex closed flat at 13,757, down 11 points. While the wide-based National Stock Exchange index Nifty ended at 4080, down 2 points.

The Intraday range for the day was 236 points and it touched a high of 13,879. The BSE Metal added 1.5%, followed by Health care and FMCG indices up 1% each. Consumer Durables and Capital Goods indices were down 1% each. The market breadth was negative - out of 2,638 shares traded, 1,462 declined and 1,078 advanced on the BSE.

Reliance Infrastructure and Sun Pharma advanced around 2.5% each to Rs 1,101 and Rs 1,170, respectively.TCS and Sterlite added over 2% each to Rs 388 and Rs 557, respectively. Tata Power and HDFC Bank increased over 1.5% each to Rs 1,099 and Rs 1,399, respectively. Jaiprakash Associates, Reliance and Hero Honda were up 1% each.

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Monday, July 6, 2009

Budget effect: Sensex hits 15K mark

Sensex hits 15K mark
NEW DELHI: The markets responded positively as the Union Budget is to be presented at 11 am on Monday. The Bombay Stock Exchange benchmark Sensex moved up to 15,000 level in the opening trade. While the wide-based National Stock Exchange index Nifty soared to 28 points higher at 4459.

The BSE Sensex was up 113 points at 15,026.While presenting the interim Budget for this year in February, Mukherjee had said: "While the proposed provisions are appropriate for a Vote-on-Account, I would like to point out that Plan expenditure for 2009-10 may have to be increased substantially at the time of the presentation of the regular Budget, if we are to give the economy the stimulus it needs to cope with the global recession that is likely to continue through the year.

"There is, in the Economic Survey presented on Thursday, enough indication that the FM might look at another source for raising funds. That's the disinvestment route.

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Thursday, July 2, 2009

Sensex surged after eco survey tabled, again into red

Bombay Stock Exchange
MUMBAI: The Sensex surged sharply to 100 points at 14, 756 after the economic survey tabled in the Lok Sabha on Thursday. But tumbled down into red owing to a sudden spate of selling. It was down 14 points at 14,631. Mixed trends in Asian stocks also influenced the Indian markets. While the wide-based National Stock Exchange index Nifty slipped 7 points at 4333 points.

Earlier in the opening trade, equities opened slightly higher today ahead of the annual Economic Survey that could be an indicator for policies included in the Union Budget next week. Oil PSU stocks attracted fairly heavy buying after the government's decision to hike petrol and diesel prices by about 10 per cent.

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Monday, June 29, 2009

Markets trade in green

MUMBAI: The markets were trading in green on Monday in early trade. At 10.30 am, the Bombay Stock Exchange benchmark Sensex rose 2 points, to 14,767. similarly, the wide-based National Stock Exchange index Nifty down 3 points at 4371. However, the markets opened with higher gains. Among the frontliners, Unitech, BPCL, HDFC Bank, Power Grid, Hindalco, Sterlite, Reliance Capital, GAIL, Ambuja Cements, HCL Tech and Tata Steel were witnessing buying interest. However, Suzlon, Tata Motors, Sun Pharma, ICICI Bank and ACC lost ground.

The CNX Midcap went up 25 points, to 5,536. About 430 shares advanced while 109 shares declined on the NSE. Unitech was up over 3%, as the company raised $ 575 million from second QIP. Tata Steel has bounced back after seeing selling pressure on Friday. Suzlon Energy tanked over 6% and Tata Motors slipped over 3.5% post disappointing numbers. Sun Pharma was down 3% as the company withdrew FY10 guidance. Rishabhdev Technocables listed on the BSE On Monday, went up 20% to Rs 40 a share as against its issue price of Rs 33 a share.

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Thursday, June 25, 2009

Market growth positive, BSE up 155pts

BSE up
MUMBAI: The markets could maintain the growth on second successive day. On Thursday, the Bombay Stock Exchange benchmark Sensex showed positive mood and gained 155 points in the opening trade. The market was totally influenced by a firming trend in other Asian markets.

The Sensex which had gained over 98 points on Wednesday added 155.73 points at 14,578.46 in the first five minutes of trading. Similarly, National Stock Exchange's Nifty moved up by 45 points at 4,337.95 as blue-chip stocks, led by Reliance Industries and Infosys, recorded handsome gains.

Marketmen said trading sentiment improved after most of the Asian markets opened higher on Thursday. Hong Kong's Hang Seng index was up by 1.47 per cent, while Japan's Nikkei rose 2.40 per cent in the morning trade.

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Monday, June 22, 2009

Sensex finished in red

Sensex Down
MUMBAI: After enjoying green in the early trade on Monday, the Bombay Stock Exchange benchmark Sensex finished in red. At the end of the closing, the index was down by 252 points at 14,269.77 points. It was lower than Friday's close. Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) ened the day 2.11% down at 4,222.7 points. Broader market indices too lost with the BSE midcap index falling 0.8%, while the BSE smallcap
index moved down 0.49%.

Earlier in the day, the BSE slipped by 133.55 points at 14,390.34, at 3.15 pm. In the same way, Nifty dipped 61.15 points at 4252.45. Profit booking made the market to plunge in negative terrain. Earlier in the opening trade, the Sensex gained nearly 108.37 points with stocks of oil and gas, and power sectors reacting to profit-taking by funds and retail investors. Whereas Nifty slipped 56.80 points at 4,256.80 at the same time. Stock brokers said emergence of profit-taking at improved levels and weak opening at the European stock markets mainly reversed an early firming trends on the domestic bourses.

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Friday, June 19, 2009

Fiat Grande Punto launched

Fiat India Automobiles Ltd (FIAL) has introduced its premium compact car Grande Punto in New Delhi. The company rolled it out in both petrol (1.2 litre an 1.4 litre) and diesel modes (1.3 litre). The petrol variant has the price tag of Rs 3.99-5.61 lakh and the diesel model is priced at Rs 4.85-6.11 lakh. The much-awaited car was first unveiled at European market in the year 2005. This car model is launched through a 50:50 joint venture between Italy-based Fiat SpA and domestic auto major Tata Motors.

The newly introduced small car would be rolled out from the company's facility at Ranjangaon in Maharashtra. The Grande Punto is to compete with Maruti Suzuki's Ritz, Hyundai's i20, Skoda's Fabia and Honda Siel's Jazz. Grande Punto would be retailed through over 100 Tata-Fiat dealers network in India. FIAL Chief Executive Officer Rajeev Kapoor told media persons that Grande Punto's launching is a new milestone for the company in the country since Fiat introduce the Italian designs to the Indian soil.

He expressed his confidence by saying that Indian customers are eagerly want to switch to international brands and the compact-car segment is under-tapped. On Friday, the benchmark indices gained strength again on the back of buying in capital goods, technology, metal, realty, financials and auto stocks. The market man said that auto stocks are gaining now-a-days due to various car models launched in the month of June and some to roll out.

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Thursday, June 18, 2009

BSE up 53 pts, NSE down 15 pts

MUMBAI: The markets opened in red in the early trade on Thursday. The Bombay Stock Exchange benchmark Sensex opened in the same mood as yesterday but rebounds. The Sensex was up 53.56 points at 14576.40 points , at 12.50 am. On the other hand, the wide-based National Stock Exchange index Nifty down 14.60 points at 4341.55. Thanks to the inflation rate dropping by 1.6% in first week of June to ten months after inflation peaked at 12.9% in early August.

Annual inflation was at 0.13% in the week before. The BSE Realty is down 3% at 3,280 and the Metal index has declined 2% to 11,041. SBI and TCS have advanced 2% each to Rs 1,698 and Rs 387, respectively. Sun Pharma, Infosys and Sterlite are up 1% each at Rs 1,315, Rs 1,734 and Rs 611, respectively. ACC has slipped 5.7% to Rs 779. NTPC and Tata Steel are down over 3.5% each at Rs 206 and Rs 403, respectively.

ONGC, Hindalco, Grasim and Jaiprakash Associates have dropped over 2.5% each to Rs 1,033, Rs 91, Rs 2,253 and Rs 200, respectively. DLF, Maruti, BHEL, HDFC Bank and Larsen & Toubro are up 1% each. The market breadth is extremely negative - out of 2,330 shares traded, 585 have advanced and 1,682 have declined so far on the BSE.

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Monday, June 15, 2009

Market volatile, Sensex slipped 284pts

Sensex Down
MUMBAI: News about Reliance Industries forced the market to slow the growth in early trade and it resulted in fall of markets. The Bombay Stock Exchange benchmark Sensex slipped 284 points at 14953 at 1.15 pm. The wide-based National Stock Exchange dipped by 56 points to 4,517.40. The high court ruled that Reliance Industries will have to sell gas at $2.34 per mmBtu to Reliance Natural Resources Ltd (RNRL).

This had a huge impact on market and the BSE fell extending its losing streak for the third session, on increased capital outflows by foreign funds tracking other weak Asian markets. Stock brokers said reports of weakening trend at the Asian markets, slipping from almost eight-month highs struck earlier this month, and profit-bookings at prevailing levels by retail investors, mainly dampened the trading sentiment. Major losers, which dragged the Sensex down, were metals, realty, consumer durables and banking stocks.

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Thursday, June 11, 2009

Sensex plunges in negative zone (for Stock review blog)

Sensex plunges in negative zone
MUMBAI: The Bombay Stock Exchange benchmark Sensex slipped nearly 100 points in the early trade, after remaining in the positive zone for two straight sessions, as funds and investors indulged in booking profits at higher levels amid a weak trend in the global markets. At 11.50 am, the Sensex was up 0.8 points, to 15,467. However, it was down 22.67 points to 15,444 at 11.30 am.

The 30-share barometer, however, had surged to 15,568.74 points at the outset. The wide-based National Stock Exchange index Nifty was down 2 points at 4,653.25 points. The market breadth was negative as the broader indices were quiet in trade.

Telecom, pharma, metal stocks and individual stocks like NTPC, HDFC Bank, ITC, L&T, ICICI Bank, Tata Motors and M&M were witnessing buying interest. However, downtrend in oil & gas, technology, select cement and power stocks was putting pressure on the markets. Among the broader indices, the BSE Midcap Index was up 0.5% and the Smallcap was flat. About 1137 shares advanced while 1643 shares declined on the BSE.

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Monday, June 8, 2009

Sensex slips 90pts

MUMBAI: The Sensex could not maintain the winning mood on Monday's trade. The Bombay Stock Exchange benchmark index slipped 90 points to 15,008. In the early trade it gained 90 points but fail to continue it further and dropped in negative zone. The BSE Realty index has slipped 4% to 3,872.

The Metal and the Bankex indices have dropped 2.5% each to 11,399 and 8,015, respectively. Grasim has added 3% to Rs 2,586. Infosys has gained 2.5% at Rs 1,732. Reliance, Wipro, Larsen & Toubro and Maruti are up over 1-1.5% each. SBI, Jaiprakash Associates and Sterlite have dropped over 4% each to Rs 1,737, Rs 221 and Rs 645, respectively.

Tata Steel has slipped 3.5% to Rs 447. DLF and Hindalco have declined over 2.5% each to Rs 395 and Rs 90, respectively. Ranbaxy, ONGC,ACC and Mahindra & Mahindra, BHEL, ICICI Bank,HDFC, NTPC, ITC and Hindustan Unilever are down 1-2.5% each. Out of 2,661 shares traded, 1,776 have declined and 834 have advanced so far on the BSE.

The Nifty was hovering around the 4550 level while the Sensex was trading above the 15,000 mark. The wide-based National Stock Exchange lost 41 points, to 4,545. Among the broader indices, the BSE Midcap fell 1.4% and the Smallcap Index declined 2.4%.

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Thursday, June 4, 2009

Sensex jumps into positive zone, up 82 pts

Bombay Stock ExchageMUMBAI: The Bombay Stock Exchange benchmark entered into positive zone after touching a intra day high of 14953.33 and low of 14523.62. At 2.35 pm, it was up 82 points at 14,948.90. similarly, the National Stock Exchange gained 29.20 points at 4,559.90. It was all resulted and inspired by European markets opened in the positive terrain.

The broader index hit a high of 4557.65 and low of 4453.45. BSE Midcap Index was up 1.72 per cent and BSE Smallcap Index gained 1.79 per cent. Amongst sectoral indices, BSE Realty Index was up 2.65 per cent, BSE Healthcare Index gained 2.34 per cent and BSE Capital Goods Index moved 2.34 per cent higher. BSE Metal Index slipped 1.90 per cent and BSE IT Index declined 1.08 per cent. Ranbaxy Laboratories (5.86%), Sun Pharmaceuticals (4.65%), Hindustan Unilever (4.21%), Reliance Communications (2.40%) and Reliance Infrastructure (2.18%) were amongst the Sensex gainers.

Losers included Sterlite Industries (-5.26%), Hindalco Industries (-3.44%), Tata Steel (-3%), Infosys Technologies (-2.18%) and Tata Power (-2.09%). Market breadth remained positive on the BSE with 1979 advances and 783 declines. European markets opened higher Thursday ahead of Bank of England's monetary policy review and as rise in crude oil prices spiked energy shares . FTSE 100 was up 0.52 per cent, CAC 40 gained 0.65 per cent and DAX moved 0.90 per cent higher.

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Monday, June 1, 2009

Sensex gains 215 points at 14,840.63

Bombay Stock Exchange
MUMBAI: The Bombay Stock Exchange benchmark Sensex gained a high of 14,840.63 on Monday. It was highest closing since September 9, 2008. The total gain was 215 points. The Sensex opened gaining 120 points at 14,746 on strong global cues. In the day's trade, it touched a high of 14,906.81 and a low of 14,655.49. On the other hand, the National Stock Exchange's Nifty touched its 10-month high and finally ended 81 points higher at 4,530. The Small-cap was up 3.5% at 6,199 and the Mid-cap advanced nearly 3% to 5,207.

The BSE Realty and the Metal indices led the rally with over 5% gain each at 4,032 and 11,449, respectively. Major gainers were Sterlite Industries, Tata Steel, Jaiprakash Associates, NTPC, ACC and Housing Development Finance Corporation. On the other hand, Bharat Heavy Electricals, ICICI Bank, Bharti Airtel, Ranbaxy Laboratories, HDFC Bank, and Reliance Industries were the major losers in the Sensex. Overall market breadth was positive. Out of the total 2,870 stocks traded at BSE, 2,288 advanced, 544 declined while 38 remained unchanged.

Among the gainers there were: Tata Steel surged 8% at Rs 438 and Sterlite soared 7% to Rs 665. ACC, NTPC and Jaiprakash Associates advanced over 6% each to Rs 833, Rs 229 and Rs 220, respectively. Mahindra & Mahindra, HDFC and ITC added 5% each to Rs 710, Rs 2,298 and Rs 193, respectively. Reliance Communications, Infosys, Wipro, Hindalco, Grasim, DLF and Reliance Infrastructures gained 2-5% each. While ICICI Bank and BHEL dipped 2% each to Rs 723 and Rs 2,125, respectively. Bharti Airtel and Ranbaxy declined 1.5% each to Rs 806 and Rs 275, respectively.

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Thursday, May 28, 2009

Sensex opened on positive note

Bombay Stock ExchangeMUMBAI: The Bombay Stock Exchange benchmark Sensex opened on positive note on Thursday too. In the early trade both the indices were enjoying rise. The Sensex was trading at 14,236 at 10.24 hours IST. It shows a rise of 127 points. While the Nifty rose 26 points to 4,302 at the same time.

Buying was seen in telecom (barring Idea and Tata Communication), power, technology, realty along with stocks like Reliance Industries, HDFC and ACC Bharti Airtel and L&T surged over 3.5%. However, ONGC, BHEL, SBI, Sterlite, Reliance Infrastructure, BPCL and Maruti were under pressure. The broader indices like the BSE Midcap and the Smallcap indices gained 0.8-1%. About 2038 shares advanced while 749 shares declined.

Nearly 342 shares were unchanged. Among the midcap stocks, Matrix Lab, Sunteck Realty, Essar Shipping, GE Shipping and Godrej Consumer were up 6-9%. However, Era Infra Engg, TV18, Deccan Chronicle, Pidilite Industries and Shree Cements fell 3.8-4.5%. In the smallcap space, Novartis India, Hatsun Agro, Garden Silk Mills, Sahara One and Balmer Invest went up 8-14% while Anus Labs, TV Today Network, Temptation Food, Accel Frontline and Walchandnagar lost 4.6-9%.

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Monday, May 25, 2009

Sensex remain volatile, ends up 12.14 pts

Mumbai Stock ExchangeMUMBAI: On the first day of the week, Sensex remained volatile. On Monday, the Bombay Stock Exchange benchmark Sensex was flat and ended up 12.41 points to 13,899.56. During the day metal, capital goods, banking sector and realty sector stocks gained. Major gainers on the Sensex are DLF Ltd up 5.25 per cent to Rs 351.50, Tata Steel 2.70% to Rs 373.40, Sterlite Industries was surged 4.19 per cent to Rs 529.15 and Larsen and Toubro 1.60 per cent to Rs 1,322.

The Sensex opened with a positive gap of 101 points at 13,988, on Monday. Around noon it soared to a high of 14,028, up 141 points. However, the index could not hold gains and slipped into the red to touch a low of 13,819, down 209 points from day's high. Suzlon and Jindal Steel dipped 5% each to Rs 89 and Rs 2,078, respectively. HDIL slumped 4% to Rs 294. Cairn India, Tulip Telecom, National Aluminium Company, BEML, Punjab National Bank, IDFC, GMR Infrastructure and Indian Bank were also slumped. The market breadth was extremely positive -out of 2,816 stocks traded about 87% (2,470) advanced while only 11% (316) declined and the rest were unchanged today.

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Thursday, May 21, 2009

Sensex down 135 pts

Bombay Stock ExchangeMUMBAI: After a 17.5% post-election rally earlier this week, the Sensex plunged into negative zone on Thursday. This was a result of profits taking of investors. In early trade, the Bombay Stock Exchange benchmark Sensex was slipped by 135 points at 13, 926.The market breadth is extremely positive. Out of 2,307 stocks traded, 1,960 have advanced while only 308 have declined.

Among it, Maruti Suzuki has dipped 6% to Rs 978. Larsen & Toubro has shed 5% at Rs 1,293. Mahindra & Mahindra and ICICI Bank have decreased 3.5% each to Rs 653 and Rs 683, respectively. SBI, HDFC, ACC, Wipro, Sun Pharma, ITC, BHEL and HDFC bank have dipped 1-3% each. Meanwhile, Reliance Communications has gained 3.5% at Rs 319. Jaiprakash Associates and Sterlite have advanced 2% each to Rs 177 and Rs 556, respectively. Ranbaxy, Tata Steel and NTPC have added 1.55 each. ONGC, Tata Motors and Tata Power have surged marginally.

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Monday, May 18, 2009

Sensex zoomed 2,099 pts at 14K, trading halted today

Bombay Stock ExchageMUMBAI: The Sensex was celebrating the Lok Sabha victory of UPA on Monday. It seemed like the marketmen were waiting for only this move. All the major sector-indices were trading in the positive zone. The Bombay Stock Exchange benchmark Sensex jumped 2099.21 points at 14,272.63 and the Nifty gained 636.40 points at 4,308.05. Total volumes traded on both exchanges were at Rs 3100 crore. This comprised of Rs 2800 crore from the NSE F&O segment, Rs 300 crore from NSE & BSE cash segments.

The previous close on Friday was 12,173.42. The Sensex regained the 13,000 level for the first time since September 18, 2008. This was the first time that the Sensex surpassed the 13,000 mark and the Nifty crossed the 4000 level.

Trading halted for the day: The market authorities decided to close trading for the day as the markets hit 20% upper circuit. After the five minute trading, the Sensex re-opened at 11:55 am.

The benchmark indices locked at upper circuit. The BSE and NSE have decided that the trade will start at 11:55 am (i.e. after two-hour halt). In the first 30 seconds of trade, the Sensex crossed the 13,000 mark and inched up towards 14,000 level. Huge upsurge of 420 points or 11.4% in the SGX Nifty was suggesting the same trend. The 50-share NSE Nifty was up 531.65 points or 14.48% at 4,203.30 and the 30-share BSE Sensex surged 1,789.88 points or 14.70% to 13,963.30. Less than Rs 1000 crore of trade was seen in the cash and F&O segment.

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Thursday, May 14, 2009

Sensex tumbles 106 pts at 11k

Bombay Stock ExchangeMUMBAI: The Sensex tumbled on Thursday in the early trade. The Bombay Stock Exchange benchmark Sensex dipped, recovered and than slipped down 106 points at 11,913. In the same way, the wide-based National Stock Exchange index Nifty declined by 97.65 points to 3,537.60 points. It was the reflection of selling by funds amid uncertainty over the result of the Lok Sabha polls.

Tata Motors and Bharti Airtel have dipped 3% each to Rs 260 and Rs 773, respectively. ICICI Bank has declined over 2.5% to Rs 535. Sterlite and wipro were fell over 1.5% each to Rs 465 and Rs 369, respectively. DLF and Mahindra & Mahindra have advanced 2% each to Rs 238 and Rs 521, respectively. The market breadth is fairly negative. Out of 2,041 share traded, 1,112 have went down, 855 have advanced and 74 are unchanged.

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Maruti dips 2 per cent despite new launch

Maruti RitzMaruti Suzuki's has declined 2.04% to Rs 821.90. The shares of the company opened at Rs 825 and gained Rs 834.80. when trading on BSE, it gained a high of Rs 839. On the other hand trading on NSE, the shares opened at Rs 815.65 and touched a high of Rs 834.35. The previous close was Rs 839.05. The volume of shares traded at the BSE, in the noon was 314.04k (Thursday). The market did not respond to the company's new launch to be held on Friday. It may be recalled that Maruti Suzuki is going to launch its new hatchback Maruti Ritz in India on Friday.

This car will have several firsts tagged with it like Tata Nano. Ritz will be the first car which would have the engine that is compliant BS-IV emission norms. Moreover, The new hatchback will be availabel with two different engine K12M 1.2 litre petrol engine and 1.3 litre diesel engine. Modified suitably to comply with the forthcoming BS-IV emission norms and provide even better driveability, the diesel will run even cleaner than before, and Maruti claims it will run 21 kilometres for every litre of diesel. The company's new invention K12M engine, which is used for the first time in Ritz, is claimed to be more fuel-efficient and eco-friendly. However, the price of the car has not disclosed yet.

Industry experts says that it would be priced at about Rs 4.5-5 lakh. The car will be positioned in the premium A2 segment. The company has the largest market share of 58 per cent in the A2 segment. The company's ambitious car Ritz is expected to consolidate its leadership in the highly competitive compact car segment. This will be the eight car from company after successful launching of Swift, Zen Estilo, SX4, Swift Diesel, Grand Vitara, Swift DZiRE and A-star.

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Monday, May 11, 2009

Sensex slips into negative zone

Bombay Stock ExchangeMUMBAI: The Sensex dipped into the negative zone and could not rise up. However, Asian Markets were tarding high. On Monday, The Bombay Stock Exchange benchmark Sensex was down by 50.80 points at 11,825.63 and the wide-based National stock Exchange index Nifty was down by 19.80 points at 3,600.90.

The index is now fall 51 points at 11,11825. CICI Bank has continued to increase quickly and strongly and is now up 4% at Rs 541. ONGC has advanced 2% to Rs 902. Reliance Infrastructure, Sterlite, ACC,Mahindra & Mahindra and Tata Steel have increased 1% each. While, Hindustan Unilever has shed 2.5% at Rs 227. Bharti Airtel has slipped 2% to Rs 754. DLF, BHEL, Jaiprakash Associates and Ranbaxy has down 1% each.

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Saturday, May 9, 2009

BSE's new CEO's name to be disclosed on Monday

Bombay Stock ExchangeMUMBAI: The name of the new CEO of the Bombay Stock Exchange will be declared on Monday.
It is to be mentioned here that the Board of the Bombay Stock Exchange is going to appoint a new CEO for the exchange. The Board met on Saturday to discuss about the post. BSE's Chairman Mr Jagdish Capoor said that the board would declared the name of the new CEO on Monday. He was speaking to the reporters after the Board Meeting.
The Bombay/Mumbai Stock Exchange Limited has the greatest number of listed companies in the world, with 4700 listed as of August 2007.

On 31 December 2007, the equity market capitalization of the companies listed on the BSE was US$ 1.79 trillion, making it the largest stock exchange in South Asia and the 12th largest in the world. Around 6,000 Indian companies list on the stock exchange,[3] and it has a significant trading volume. Though many other exchanges exist, BSE and the National Stock Exchange of India account for most of the trading in shares in India.

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Sensex past 12K level after seven month

Bombay Stock ExchangeMUMBAI: The major achievement for Sensex in this week was touching 12K mark on Monday. The Sensex was seen on this level before seven month i.e. October 2008. on that day, Sensex jumped to 731.50 points. The Bombay Stock Exchange (BSE) 30-share barometer extended its weekly rally to ninth straight week, gaining another 473 points but unable to sustain higher levels in the week.
In the same week it has the biggest weekly percentage-wise gains in the BSE record book as there was a rise of 42.65 per cent since July 24,2006.

In the week ended on Friday, the Sensex touch the intra-trade high of 12,272.10 on Wednesday before ending the week at 11,876.43, a net rise of 473.18 points or 4.15 per cent over its previous weekend's close. The market was firmly supported by strong global cues and continued capital inflows as well as encouraging built-up of derivatives positions in the opening week of May series amid Lok Sabha elections and upcoming government. Marketmen said the market also had support from hopes of early recovery in domestic as also global economy. The 50-issue Nifty of the National Stock Exchange flared up by 146.75 points or 4.22 per cent to finish the week at 3,620.70 from its last weekend's close. Sustained frenzied buying by Foreign Institutional Investors on the back of signs of early revival in the global economy boosted the market sentiment.

Metal, consumer durable and metal shares topped the gainers table and drew heavy buying interest and notched handsome gains. As a result, the sectoral BSE-Metal index zoomed by 1,064.06 points or 15.45 per cent on the back of expectations of good demand from China after increase in the CLSA China's Purchasing Managers's index in April 2009 and also firm trend on London Metal E xchange (LME). The BSE-CD index rose by 190.91 points or 10.86% and the BSE-Realty by 225.20 points or 10.57%. The sharp increase was so strong that besides BSE-FMCG, all other sectoral indices closed in the green with a gain between 15.45 per cent and 1.78 per cent. 24 out of 30 index based counters also closed with sharp to moderate gains.

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Friday, May 8, 2009

Sensex volatile in early trade

Bombay Stock Exchange
MUMBAI: The Sensex was volatile in early trade on Friday. It was trading at 12,125.39 up 8.45 points. It bounced back at once and moved up to a high of 12,180. The Sensex has, however, again dipped into the red and is now flat at 12,113. The 30-share barometer, which had gained 164.19 points in previous day's trading, increased 63.13 points to 12,180.07 points in the first five minutes of trade. At the same time, the wide-based National Stock Exchange index Nifty increased by 27.35 points to 3,711.25 points.

Jaiprakash Associates has surged 3% to Rs 142. ONGC has gained 2% at Rs 906. TCS and Sun Pharma have increased 1.5% each to Rs 642 and Rs 1,306, respectively. Tata Power, DLF and Hindustan Unilever have also advanced. Meanwhile, HDFC Bank has declined 4% to Rs 1,127. Sterlite has shed 2.5% at Rs 505.

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Thursday, May 7, 2009

Mixed up & down, Sensex up 137 pts

bombay-stock-exchangeMUMBAI: The Sensex could manage to retain its previous high on Thursday. In the opening trade, it was up 112 points at 12, 065 and moved up to a high of 12,144. Then, it saw decline around noon and dipped to the day's low of 11,981. The Bombay Stock Exchange Benchmark index was seeing up and down with a positive bias and was up 137 points at 12,090.

Sterlite has moved up 8.5% to Rs 494. Hindalco has soared 6% to Rs 67. Tata Steel has rallied 4% to Rs 281. HDFC and Tata Motors have advanced 3.5% each to Rs 1,810 and Rs 273, respectively. DLF, Bharti Airtel, SBI, Wipro and Maruti Suzuki have increased 2.5% each. Meanwhile, Mahindra & Mahindra has slumped over 3% to Rs 514. ACC and Grasim have dipped 2% each to Rs 626 and Rs 1,765, respectively. Infosys, NTPC, Hindustan Unilever, TCS and ITC have declined around 1% each. The market breadth continues to be fairly positive. Out of 2,503 stocks traded, 1,533 have advanced while 873 have declined.

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Wednesday, May 6, 2009

Sensex falls in early trade

bombay-stock-exchangeMUMBAI: The Bombay Stock Exchange benchmark Sensex dipped 90 points in opening trade on Wednesday due to profit-selling by funds amid political worries.

The 30-share barometer, which had gained 1,125 points in the last three sessions, down by 90.45 points to 12,040.63 points in the first five minutes of trade. Similarly, the wide-based National Stock Exchange index Nifty fell by 24.30 points to 3,627.60 points. Brokerage firm Nirmal Bang attributed that the outlook still remains bullish and one should think of buying on dips.

Now, the trading band has become narrow for the Nifty from 3715-3520 and a strong and major reaction will be seen only if Nifty breaks this trading range. The immediate resistance is at 3715 and intra-day support is placed at 3620-3580. This intermediate.

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Monday, May 4, 2009

Sensex at a seven month high, crosses 12 k

Bombay Stock ExchangeMUMBAI: Owing to continuous buying in metal, IT and banking stocks, the Sensex crossed 12,000 mark on Monday. It has reach the seven month high. The Sensex opened up 232 points at 11,635 in early trade. Traders were catching up with global markets after a long weekend back home.

The Bombay Stock Exchange is now up 600 points at 12,005. National Stock Exchange’s Nifty was near its day’s high at 3628.30, up 154.35 points or 4.44%. The broader index touched a high of 3629.45 and low of 3478.70. Sterlite has zoomed 12% to Rs 458. Mahindra& Mahindra and Hindalco have surged over 9.5% each to Rs 533 and Rs 59, respectively. Tata Steel and HDFC have increased over 9% each to Rs 260 and 1,893, respectively. Wipro has added around 8% to Rs 357. Larsen & Toubro, Jaiprakash Associates, TCS and ITC have gained over 7% each to Rs 940, Rs 149, Rs 668 and Rs 203,respectively.

BSE Midcap Index was up 3.43% and BSE Smallcap Index moved 3.08% higher. Amongst the sectoral indices, BSE Metal Index was up 7.14%, BSE IT Index gained 5.78% and BSE Bankex moved 5.52% higher. BSE Healthcare Index was up 1.42%. The market breadth is extremely positive, out of 2,364 stocks traded, 1,630 have advanced and 669 have declined so far.

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Saturday, May 2, 2009

Ranbaxy recalls Nitrofurantoin Capsules from US

Ranbaxy Laboratories
MUMBAI: Ranbaxy Laboratories, leading drug manufacturer, has voluntarily started recall of all lots of Nitrofurantoin Capsules. It is learnt that the company has to do this as it does not meet the US drug manufacturing standards. The capsules are used in treatment of infections. In a filing to the Bombay Stock Exchange on Saturday, Ranbaxy Labs said that Ranbaxy Pharmaceutical Inc (RPI), a subsidiary of Ranbaxy Laboratories, India’s largest pharmaceutical company, has begun to recall all lots of Nitrofurantoin (Monohydrate/Macrocrystals) Capsules, United States Pharmacopeia (USP) 100 mg, available in the market there.

Ranbaxy Pharmaceuticals Inc is engaged in the sale and distribution of generic and branded prescription products in the US. It is to be mentioned here that USP is an official public standards -- setting authority for all prescription and over-the-counter medicines and other health care products manufactured or sold in the US.

The filing stated that although certain lots of the products were determined to not be in conformity with the approved laboratory specifications, the company decided to recall all the lots, as a matter of abundant caution. The recall is being conducted in coordination with the Food and Drug Administration (FDA) and will be a retail level recall.

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Thursday, April 30, 2009

BSE, NSE closed for two days

MUMBAI: Major markets will remain closed on April 30 and May 01 for Lok Sabha elections in the capital and Maharashtra Day, respectively. The markets include the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Forex, Money, Bullion, Metals, Oils and Oilseeds, Cotton, Grains and Solvent.

The National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX) are also closed on Thursday.

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Wednesday, April 29, 2009

Sensex ended the day with a hefty gain

MUMBAI: The Sensex enjoyed gains throughout the day. It opened with positive note on Wednesday. The Bombay Stock Exchange benchmark Sensex rose by over 162 points in opening trade and ended up 413 points at 11,414. This showed growth of 3.78% at 11,414. It was told that the gains were the results of fresh capital inflows by foreign funds amid short-covering by speculators in view of monthly expiry in derivatives segment. Similarly, the wide-based National Stock Exchange's Nifty rose by 50.00 points, or 1.25 per cent, to 3,412.35 points. Banking, IT and energy stocks were the major gainers on Wednesday.

Gainers: ICICI Bank rose nearly 9% to Rs 478. Jaipakash Associates, Sterlite and Tata Power soared nearly 7% each to Rs 139, Rs 409 and Rs 894, respectively. Infosys, Reliance Infrastructure and Wipro rallied around 5% each to Rs 1,507, Rs 695 and Rs 331, respectively. Hindustan Unilever, TCS, Tata Motors, Sun Pharma, ONGC and Reliance were up around 4% each.

LOSERS: Bank of India plunged over 6% to Rs 235, and Godrej Consumers tumbled 5.5% to Rs 137. Indiabulls, United Phosphorous, Hindustan Copper, Reliance Power, Biocon, Central Bank and EIH dropped 2-4% each.

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Tuesday, April 28, 2009

Sensex dips 370 pts at 11k

MUMBAI: The Bombay Stock Exchange’s Sensex ended down 370 points to 11,001.75 on Tuesday. Whereas the National Stock Exchange’s Nifty closed at 3360.10, down 109.90 points or 3.17 per cent. The markets were down due to funds and general investors sold aggressively blue-chip stocks, principally of realty firms and banks. The key index has gained 35 per cent since sliding to its lowest in the year on March 9, making India one of the 10 best-performing stock markets in the world. Selling pressure increased as major market players squared up pending positions ahead of the expiry of April contracts in derivatives.

Apart form it, fears about the swine-flu epidemic impacting world trade, dampened the sentiment. Profit-selling was mainly in the stocks of banking, metals and capital goods, which was in the limelight for a long time. The realty sector index was the major loser as barring Akruti City, all the other 13 index constituents suffered heavy losses.
Jaiprakash Associates (0.08%) and Maruti Suzuki (0.04%) were the only gainers in the 30-share index. DLF (-8.35%), Reliance Infrastructure (-7.57%), Sterlite Industries (-7.54%), Tata Steel (-7.5%), Reliance Communications (-7.05%) were in the losers list.

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Monday, April 27, 2009

Recession turns into human and development calamity: IMF, WB

WASHINGTON: Global recession has turned into a human and development calamity. The most affected are developing countries. The World Bank President Robert Zoellick said it at a press conference after the Development Committee meeting here. He concluded that presently the world was facing unwanted and unpredicted meltdown and the poor was suffering the most. So that all of them had to work in this line to save the poor. He said that according to a research, most of the eight globally agreed goals are not going to met.

The goals include those related to hunger, child and maternal mortality, education, and progress in combating HIV/AIDS, malaria and other major diseases. The International Monetary Fund (IMF) and the World Bank (WB) has said the ongoing global slowdown is turning into a human calamity as it has hit millions of poor people across the world.

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Sensex rebounds, gain 72 points

MUMBAI: The Sensex recovers after early losses in opening trade on Monday. The Sensex was up by 72 points at 11401, while the Nifty was up by 12 points at 3492. The Bombay Stock Exchange benchmark Sensex fall over 152 points on selling by funds, triggered by weak trend in other Asian equity markets. The Sensex and Nifty found renewed buying and the bourses bounced back from the lows of the day. The BSE, which gained by over 510 points in the previous two straight sessions, fell by 152.50 points, or 1.11 per cent, to 11,176.55 as IT, oil and gas, banking and healthcare sector stocks leading the fall.

In the same way, the wide-based National Stock Exchange's Nifty fell by 44.80 points, or 1.29 per cent, at 3,435.95. Experts said selling pressure emerged on the domestic markets as other Asian markets fell into the negative zone after initial firmness.

Losers: Ranbaxy Laboratories plunged by 5.58 per cent to Rs 165.95.
Reliance Industries down by 0.31 per cent to Rs 1,779.
Infosys Technologies by 1.77 per cent to Rs 1,423.
Tata Consultancy by 0.48 per cent to Rs 579.80.
Wipro by 1.25 per cent to Rs 308.
State Bank of India down 1.44 per cent to Rs 1,289.
ICICI Bank by 0.81 per cent to Rs 429.

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Saturday, April 25, 2009

Markets progress in midweek

MUMBAI: Markets key index, Bombay Stock Exchange was at a six-months high of 11,329.05 on Friday. In fact through this week, sensex improve day by day. However, for a couple of days it closed lower that the then previous day close. Broader market indices also continued to progress with the BSE midcap index going up 3.67 percent from its previous weekly close, while the BSE smallcap index gained 2.95 percent.

The markets closed on a volatile note on Monday, with the Sensex falling 230 points from the day's high to close at 10,979.5 points - a decrease of 43.59 points or 0.4 percent from the previous close. Tuesday, the Sensex fell 81.39 points or 0.74 percent to close at 10,898.11 points, while the Nifty lost 0.35 percent from its previous close to end trade at 3,365.3 points. Wednesday saw markets rebounding from the day's lows as investors sought to sell amid unclear conditions as to where the bourses were headed.

The Sensex closed at 10,817.54 points - lower by 80.57 points or 0.74 percent. The Nifty shed 1.04 percent from its previous close to end trade at 3,330.3 points. Markets made gains Thursday, with the Sensex moving up more than 300 points to close the day at 11,134.99 points. This was an increase of 317.45 points or 2.93 percent from its last closing figure. The Nifty gained 2.8 percent to close at 3,423.7 points. Weak Asian cues failed to discourage Indian markets Friday with the Sensex moving up 194 points or 1.74 percent to end trade at 11,329.05 points. The Nifty gained 1.67 percent to close at 3,480.75 points.

Gainers: Reliance Power (up 14.8 percent), Wipro (up 13.6 percent), Reliance Infra (up 12.4 percent), ACC (up 11.5 percent) and Grasim (up 10.3 percent).

Losers: Ranbaxy (down 5.1 percent), Maruti (down 4 percent), ICICI Bank (down 1.5 percent), NTPC (down 1.2 percent) and ONGC (down 0.9 percent).

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Friday, April 24, 2009

Sensex gains in mid session (2.40 pm)

MUMBAI: The Sensex bounce back at mid session after the initial jerks in the morning trade on Friday. AT 2.40 pm, it was up by 169.56 points at 11,304.55. The Sensex slipped into the negative zone and touched a low of 11,070 in the early mid session.

The wide-based National Stock Exchange's Nifty was up by 48.20 points at 3,471.90. The Bombay Stock Exchange benchmark Sensex moved up initially by over 80 points in opening trade, on funds buying even as heavy-weight Reliance Industries reported a nine per cent drop in its fourth quarter earnings. The Sensex, advanced by 80.30 points, or 0.72 per cent, to trade higher at 11,215.29 points with banking, metal and auto sector stocks leading the rally.

Stock brokers said overnight gains on the US markets and mixed trend in regional markets in early trade today mainly buoyed the trading sentiments on the domestic markets. Banking shares were in good demand after HDFC Bank posted encouraging Q4 earnings. Major gainers in the banking sector were HDFC Bank, up by 1.14 per cent to Rs 1,105, ICICI Bank by 2.01 per cent to Rs 432.10 and State Bank of India by 1.60 per cent to Rs 1,286.

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Thursday, April 23, 2009

Sensex started on a flat note

MUMBAI: The sensex started on Thursday on a flat note at 10,841 for the fourth consecutive day. The index down 26 points at 10, 791. The Nifty fell 8 points, to 3,321, at early trade. Yesterday, the 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex) fell 80.57 points at 10,817.54 points. Similarly,

The S&P CNX Nifty of the National Stock Exchange (NSE) shed 0.9 percent to close at 3,334.95 points. IT firm Wipro has got gain over 1.5% to Rs 286. Infosys, Reliance Communications, Reliance Infrastructure and TCS have advanced over 1% each at Rs 1,398, Rs 217, Rs 676 and Rs 549, respectively. On the other hand, Maruti Suzuki has dipped around 1.5% to Rs 744. Larsen & Toubro has declined 1% to Rs 818.

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Wednesday, April 22, 2009

Both indices were under pressure, fall

On Wednesday, both the indices dipped for the thrid consecutive session. These were under pressure throughout the day. However, in the early trade both the indices were enjoying a good gain. Capital goods, telecom, realty, metal, pharma, select power and banking stocks and individual stocks like ONGC and HCL Tech witnessed selling pressure.

However, buying in Reliance Industries, Wipro, Infosys, Suzlon, ITC, ACC, ICICI Bank and Ambuja Cements capped the losses. Traders were very cautious and wanted to have profit. The Sensex fell to end 80.57 points lower at 10,817.54. The key index touched the day's high 11,036.24 and a low of 10,715.66. In the same way, the 50-share National Stock Exchange index Nifty fell 35.00 points at 3,330.30, after rising to 3,401.10 points and dipping to 3,296.90 points. Broader market indices also lost, with the BSE midcap index shedding 1.15 percent, while the BSE smallcap index was down 1.62 percent.

The NSE has decided to remove 50 securities from F&O segment; most stocks affected by this news and have to face loss. Prominent stocks like Reliance Industrial Infrastructure, Gitanjali Gems, UTV Software, 3i Infotech, Arvind, SREI Infra, Balaji Telefilms, Escorts, Aptech, Mahindra Life and S Kumars Nationwide fell 8-13%. The broader indices underperformed the benchmark indices; the BSE Midcap Index fell 40.36 points or 1.15%, to 3,482.78 and the Smallcap Index slipped 65.30 points or 1.62%, to settle at 3,962.68.

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