Sensex closed down 70 pts

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.

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.



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.

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 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.

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.


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.

Sensex just added 7.71 pts

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.