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.

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.

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.

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.

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.

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).

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.

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.

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.