News with Tags "BSE"

Market gets ‘saffron’ rush; Sensex ends 250 pts up

Posted on Thursday, December 5, 2013 - 15:30 pm

It's the hope rally that pushed frontline stocks to higher levels on Thursday. Markets remained exuberant after a gap-up opening but came off its peak as the day progressed. Investors booked profits in heavyweights at higher levels near day's end.

Markets were euphoric as exit polls conducted in the assembly elections indicated that BJP could win 3 out of 5 states which are set to declare poll results on December 8.

The 30-share BSE Sensex ended 249 points higher at 20,957 levels and the 50-share Nifty was up 80 points at 6,241.

The partially convertible Indian rupee jumped to a five-week high against the dollar adding to the positive sentiment today. The rupee rose to as high as 61.67 against the dollar compared with yesterday's close of Rs 62.36. It is currently trading at 61.76-a-dollar.

State assembly elections were held in 5 Indian states in the month of November and December. Apart from Manipur, in four of these states namely Rajasthan, Madhya Pradesh, Chhattisgarh and Delhi, exit polls were conducted.

"These four states account for just 13% of the total Lok Sabha Seats (72 of the 543 seats). But these states accounted for 30% of BJP's seat tally in the 2009 elections and 41% in the 2004 elections 4. Is this really an indicator of the direction of the Parliament elections? Doing well in these states is not enough to indicate the direction of the 2014 election; it only indicates a direction where these 13% seats could go. In 2003, BJP won 3 of these 4 states but lost the 2004 elections. These results, however, are likely to reinforce the opinion polls that are showing BJP as the leading party in the 2014 elections," said Jyotivardhan Jaipuria of Bank of America Merrill Lynch.

In Asia, key stock indices were trading lower ahead of the US jobs data due on Friday while Japanese shares ended lower as investors turned cautious and booked profits after sharp gains recently. Nikkei ended down 1.5% at 15,177. Among others in the region, Hang Seng, Shanghai Composite and Straits Times were down 0.1-1.%.

On the BSE sectoral indices, Bankex was the top gainer, up 4.4%, followed by capital goods, PSU, realty, power, oil and gas, metal indices all up between 1% - 4.4%, consumer durables and auto were other gainers.

Banking shares were the market's darling today as most of the frontline stocks closing higher in the range of 3-6% on the National Stock Exchange (NSE) as rupee strengthened aqgianst the greenback.

Defensive sectors witnessed profit taking with Healthcare, FMCG and IT emerging as the top losers.

In the financial space, HDFC Bank, ICICI Bank, HDFC and SBI were up 1.7% - 6.6% each. Among other stocks which contributed the most to the Sensex gains include, Reliance, L&T, Maruti Suzuki and ONGC.

Bharti Airtel ened 1% higher at Rs 335.45 after the company said that its wholly-owned subsidiary - Bharti Airtel International (Netherlands) B.V. - has priced euro 750 million 4% Guaranteed Senior Notes due 2018.

Among other shares, Strides Arcolab tanked 14.5% to close at Rs 843 after the pharmaceutical company said it has completed sale of its Agila Specialties Division to Mylan Inc. for a total consideration of up to $1.75 billion.

In the broader market, the BSE Mid-cap and Small-cap indices ended up 0.4%-0.7% higher.

Market breadth was more or less flat with 1,269 gainers and 1247 losers on the BSE.

Shares of defensive sectors companies like information technology (IT), pharmaceuticals and fast moving consumer goods (FMCG) are trading lower by up to 4% in otherwise strong market. The Bombay Stock Exchange (BSE) IT, Healthcare and FMCG index are down by nearly 1% compared to 1.4% rise in the benchmark S&P BSE Sensex at 1310 hours.

TCS, Wipro, Infosys and Tech Mahindra from IT sector, ITC, Dabur India and Colgate Palmolive from FMCG pack and Sun Pharmaceuticals, Dr Reddy’s Laboratories, Lupin and Ranbaxy Laboratories from healthcare index are down 1-2%.

Shares in Pfizer and Wyeth plunged 24% and 16% to close at Rs 1287 and Rs 810 levels respectively after both these stocks turned ex-dividend today.

Short URL:

Posted by on Thursday, December 5, 2013 - 15:30 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Market hovers near day’s low ; robust deals continue

Posted on Thursday, December 5, 2013 - 14:00 pm

Markets continue to hover near their day's lows after coming off its peak scaled in early trades. Investors booked profits at higher levels after stocks surged in morning session trades as exit polls in the assembly elections indicated that Bharatiya Janata Party (BJP) could win 3 out of 5 states poised to declare assembly poll results on December 8.

At 2.32 PM, the 30-share BSE Sensex was up 257 points at 20,966 and the 50-share Nifty was up 82 points at 6,243.

The partially convertible Indian rupee jumped to a five-week high against the dollar adding to the positive sentiment today. The rupee rose to as high as 61.67 against the dollar compared with yesterday's close of Rs 62.36. It is currently trading at 61.73-a-dollar.

Banking shares have rallied on the bourses with most of the frontline stocks trading higher in the range of 3-6% on the National Stock Exchange (NSE) after the rupee rose to a five-week high against dollar.

The NSE banking share index Bank Nifty was the largest gainer, up 4.5% compared to 1.2% rise in the benchmark CNX Nifty at 1435 hours.

The BSE Bankex was the top gainer among the sectoral indices up over 4% followed by capital goods, realty, power, oil and gas, metal and auto indices all up 1-3.2% each. Defensive sectors witnessed profit taking with FMCG, IT and Healthcare indices among the top losers.

In Asia, key stock indices were trading lower ahead of the US jobs data due on Friday while Japanese shares ended lower as investors turned cautious and booked profits after sharp gains recently. Nikkei ended down 1.5% at 15,177. Among others in the region, Hang Seng, Shanghai Composite and Straits Times were down 0.1-1.%.

In the financial space, HDFC Bank, ICICI Bank, HDFC and SBI were up 2-6.4% each. Among other stocks which contributed the most to the Sensex gains include, Reliance, L&T, Maruti Suzuki and ONGC.

Bharti Airtel was up over 1% after the company said that its wholly-owned subsidiary - Bharti Airtel International (Netherlands) B.V. - has priced euro 750 million 4% Guaranteed Senior Notes due 2018.

Among other shares, Strides Arcolab has tanked over 12% to Rs 864 after the pharmaceutical company said it has completed sale of its Agila Specialties Division to Mylan Inc. for a total consideration of up to $1.75 billion.

In the broader market, the BSE Mid-cap and Small-cap indices were trading up 0.5% each.

Market breadth was positive with 1,227 gainers and 959 losers on the BSE.

Shares of defensive sectors companies like information technology (IT), pharmaceuticals and fast moving consumer goods (FMCG) are trading lower by up to 4% in otherwise strong market. The Bombay Stock Exchange (BSE) IT, Healthcare and FMCG index are down by nearly 1% compared to 1.4% rise in the benchmark S&P BSE Sensex at 1310 hours.

TCS, Wipro, Infosys and Tech Mahindra from IT sector, ITC, Dabur India and Colgate Palmolive from FMCG pack and Sun Pharmaceuticals, Dr Reddy’s Laboratories, Lupin and Ranbaxy Laboratories from healthcare index are down 1-2%.

Shares in Pfizer and Wyeth has plunged more than 15% each after both these stocks turned ex-dividend today.

Pfizer has tanked as much as 24% or Rs 406 to Rs 1,305, while Wyeth dipped 16.3% or Rs 162 to Rs 831 on the Bombay Stock Exchange (BSe)

Short URL:

Posted by on Thursday, December 5, 2013 - 14:00 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Sensex hovers around 21,000; Bankex up 4%

Posted on Thursday, December 5, 2013 - 12:31 pm

Markets came off their day's highs in noon trades on Thursday as investors booked profits at higher levels after stocks surged in early trades as exit polls in the assembly elections indicated that Bharatiya Janata Party was leading.

At 1PM, the BSE Sensex was up 287 points at 20,996 and the 50-share Nifty was up 91 points at 6,252.

The rupee jumped to a five-week high against the dollar as exit polls predicted a strong showing for the key opposition party, the BJP, in recent state elections. The rupee rose to as high as 61.67 against the dollar compared with yesterday's close of Rs 62.36.

In Asia, key stock indices were trading lower ahead of the US jobs data due on Friday while Japanese shares ended lower as investors turned cautious and booked profits after sharp gains recently. Nikkei ended down 1.5% at 15,177. Among others in the region, Hang Seng, Shanghai Composite and Straits Times were down 0.1-1.%.

The BSE Bankex was the top gainer among the sectoral indices up over 4% followed by capital goods, realty, power, oil and gas, metal and auto indices all up 1-3.2% each. Defensive sectors witnessed profit taking with FMCG, IT and Healthcare indices among the top losers.

In the financials space, HDFC Bank, ICICI Bank, HDFC and SBI were up 2-6.4% each. Among other stocks which contributed the most to the Sensex gains include, Reliance, L&T, Maruti Suzuki and ONGC.

Bharti Airtel was up over 1% after the company said that its wholly-owned subsidiary - Bharti Airtel International (Netherlands) B.V. - has priced euro 750 million 4% Guaranteed Senior Notes due 2018.

Among other shares, Strides Arcolab has tanked over 12% to Rs 864 after the pharmaceutical company said it has completed sale of its Agila Specialties Division to Mylan Inc. for a total consideration of up to $1.75 billion.

In the broader market, the BSE Mid-cap and Small-cap indices were trading up 0.5% each.

Market breadth was positive with 1,227 gainers and 959 losers on the BSE.

Short URL:

Posted by on Thursday, December 5, 2013 - 12:31 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Hopes of better Q2 GDP numbers prop up market

Posted on Saturday, November 30, 2013 - 03:30 am

MUMBAI: The BSE Sensex rose 1.25% on Friday to touch its highest level in two weeks amid heavy buying in banking, public sector companies and capital goods stocks on hopes of better second quarter gross domestic product (GDP) numbers. The GDP fo...

Short URL:

Posted by on Saturday, November 30, 2013 - 03:30 am.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE posts Rs 325 crore turnover in currency derivative segment

Posted on Friday, November 29, 2013 - 22:28 pm

MUMBAI: Premier stock exchange BSE today said it clocked turnover of more than Rs 325 crore on the first day of launching the currency derivatives segment. BSE recorded trading volume of more than Rs 325 crore on the very first day of launching the c...

Short URL:

Posted by on Friday, November 29, 2013 - 22:28 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE to drop Dena Bank, Vijaya Bank from securities lending and borrowing segment from December 2

Posted on Friday, November 29, 2013 - 19:33 pm

MUMBAI: Leading stock exchange BSE said it will exclude Dena Bank and Vijaya Bank from trading in the Securities Lending and Borrowing (SLB) segment with effect from December 2. The SLB mechanism allows short-sellers to borrow securities for making...

Short URL:

Posted by on Friday, November 29, 2013 - 19:33 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Sensex jumps 226 points

Posted on Friday, November 29, 2013 - 09:12 am

The Sensex and the Nifty were trading higher by over 1.2 per cent on fresh buying by funds and retail investors ahead of second quarter GDP data amid mixed Asian cues.

At 10.15 a.m., the 30-share BSE index Sensex was up 250.07 points (1.22 per cent) at 20.784.98 and the 50-share NSE index Nifty was up 74.65 points (1.23 per cent) at 6,166.50.

All BSE sectoral indices were trading in the green. Among them, banking, realty, PSU and power indices supported the Sensex movement and were up 2.06 per cent, 1.67 per cent, 1.59 per cent and 1.38 per cent, respectively.

ICICI Bank, SSLT, Cipla, GAIL and SBI were the top five Sensex gainers.

Most Asian stocks were down. Japanese stocks succumbed to profit-taking after hitting their highest closing level in nearly six years in the previous session, and as the yen tumbles are on track for their best November gain since 1998.

Japan's Nikkei plunged 177.88 points or 1.13 per cent to 15,549.20, Hong Kong's Hang Seng rose 74.99 points or 0.32 per cent to 23,864.10 and Australia's S&P/ASX 200 was down 7.54 points or 0.14 per cent at 5,326.80.

Trading was light across most markets, as US financial markets were closed for Thursday's Thanksgiving holiday and will have half-day session on Friday.

Keywords: Sensex, Nifty, BSE, NSE, Asian shares, 

Short URL:

Posted by on Friday, November 29, 2013 - 09:12 am.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE launches currency derivatives trading platform

Posted on Thursday, November 28, 2013 - 20:38 pm

MUMBAI: Country's premier stock exchange BSE today became the fourth bourse in the country to have a platform for trading in currency and interest rate derivatives. BSE will now allow the rupee pair trading in dollar, euro, pound and the yen on the...

Short URL:

Posted by on Thursday, November 28, 2013 - 20:38 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE launches new platform for listing start-ups, SMEs

Posted on Thursday, November 28, 2013 - 19:49 pm

MUMBAI: Leading stock exchange BSE today launched Institutional Trading Platform to enable the listing of start-ups and SMEs without their having to sell shares through Initial Public Offer (IPO). In his annual Budget speech earlier this year,...

Short URL:

Posted by on Thursday, November 28, 2013 - 19:49 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Sensex slips into negative zone

Posted on Wednesday, November 27, 2013 - 11:08 am

At 11:26am (IST), the BSE Sensex was trading at 20,370, down 54 points over the previous close, while NSE Nifty was quoting at 6,039, down 20 points over the previous close.

The BSE Small-Cap index was trading down 0.23%, while BSE Mid- Cap index was trading flat.

RIL, TCS, Tata Motors, Dr Reddys Lab, ONGC, ITC, BHEL, Maruti Suzuki, M&M, are among gainers in Sensex and Nifty.

Wipro, Infosys, HDFC Bank, Sun Pharma, Tata Steel, Bharti Airtel, Cipla, Hindalco Inds, are among losers in Sensex and Nifty.

 Infosys, TCS,  Bharti Airtel, Bajaj Auto, HDFC Bank, Coal India, Tata Power, Cipla, are among losers in Sensex and Nifty.

Auto, FMCG, Oil and gas , Consumer Durables indices are the gainers.

Healthcare,  Teck, FMCG, Metal,  PSU, Capital Goods, Realty, Power, Bankex, IT, Teck indices are the losers.

Shares of Wockhardt has hit 10% lower circuit at Rs424 on reports that the U S Food and Drug Administration (US FDA) issued an import alert for the drug maker's Chikalthana facility at Aurangabad.

The finance ministry may go ahead with the disinvestment of Indian Oil Corporation (IOC) by December 10, according to media reports.

               

Short URL:

Posted by on Wednesday, November 27, 2013 - 11:08 am.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE Sensex edges lower; bank shares drag

Posted on Wednesday, November 27, 2013 - 11:01 am

Reuters Market Eye - The BSE Sensex is down 0.16 percent, while the broader Nifty is down 0.26 percent, after foreign investor sold cash shares and derivatives on Tuesday. Foreign funds were sellers of 3.39 billion rupee...

Short URL:

Posted by on Wednesday, November 27, 2013 - 11:01 am.
Filed under World. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Sensex opens on a flat note

Posted on Wednesday, November 27, 2013 - 08:54 am

The Sensex and the Nifty ended the session marginally in the red as traders remained cautious ahead of expiry of November month F&O contracts tomorrow.

At 3.30 p.m., the 30-share BSE index Sensex was down 4.76 points (0.02 per cent) at 20,420.26 and the 50-share NSE index Nifty was down 1.75 points (0.03 per cent) at 6,057.35.

On the BSE, consumer durables, FMCG, auto and metal indices remained investors' favourite and were up 1.37 per cent, 1.03 per cent, 0.97 per cent and 0.38 per cent, respectively.

On the other hand, power, realty, IT and TECK succumbed to selling pressure and were down 0.88 per cent, 0.77 per cent, 0.66 per cent and 0.65 per cent, respectively.

Tata Motors, ITC, ONGC, Coal India and Dr Reddy's were the top five Sensex gainers, while the top five losers were Bharti Airtel, NTPC, SBI, SSLT and Wipro.

A report from India Forex Advisors said: “Going ahead, this week, India's September quarter GDP figures will be released on Friday and will be tracked closely by the market participants. Any improvement would be welcome news for the Government. Last quarter's (June) growth was 4.4 per cent. The country's economic growth hit a decade low of 5 per cent in the last fiscal on account of a poor performance in the farm, manufacturing and mining sectors. This week's US economic reports have not clarified the outlook for monetary policy so far. The housing market is recovering but consumer confidence remains weak. According to the Conference Board, consumer sentiment dropped for the third consecutive month to its lowest level since April.”

European stocks were up as a report predicted an increase in German consumer confidence and investors awaited data on US durable goods order. Asian shares were down.

Keywords: Sensex, Nifty, BSE, NSE, Asian shares, US stocks, 

Short URL:

Posted by on Wednesday, November 27, 2013 - 08:54 am.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Bafna Pharmaceuticals proposes to raise funds

Posted on Tuesday, November 26, 2013 - 17:33 pm

CHENNAI: Bafna Pharmaceuticals today said it is looking to raise funds from various modes and is also in early stages of negotiations. "... we wish to inform you that the company has been looking for raising money from various modes. In the normal c...

Short URL:

Posted by on Tuesday, November 26, 2013 - 17:33 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE, NSE to shift scrips to restricted group from November 29

Posted on Tuesday, November 26, 2013 - 12:44 pm

MUMBAI: The BSE and NSE will transfer stocks of several companies, including Shalimar Paints Ltd and Supreme Infrastructure India Ltd, to the restricted trade category from Friday. The move is part of a surveillance review to safeguard the intere...

Short URL:

Posted by on Tuesday, November 26, 2013 - 12:44 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE to rejig indices from December 23

Posted on Friday, November 22, 2013 - 20:41 pm

BSE said it will also exclude Union Bank from the S&P BSE Bankex and Financial Technologies, Eros International, Navneet Publications, OnMobile Global and Vakrangee Software from the S&P BSE Teck index. BSE has decided to include Marico Ltd, P...

Short URL:

Posted by on Friday, November 22, 2013 - 20:41 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Nifty holds 6,000 levels; but rupee breaches 63

Posted on Friday, November 22, 2013 - 11:56 am

NEW DELHI: The 50-share Nifty index held on to its intraday gains in the afternoon trade on Friday and was above its crucial support level of 6,000, led by gains in HDFC, ONGC, Cairn India and Reliance Industries. The BSE Sensex which opened with a g...

Short URL:

Posted by on Friday, November 22, 2013 - 11:56 am.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

BSE Sensex, Nifty plunge sharply; Sun Pharma, HDFC fall 2%

Posted on Thursday, November 21, 2013 - 10:41 am

Moneycontrol Bureau
Live Market Commentary

12:00 pm Update: State-run GAIL (India) plans to sell 1 million tonnes of liquefied natural gas (LNG) per year sourced from the United States through its Singapore-based trading arm, the company said.

The gas utility is also keen to acquire upstream assets in Tanzania and plans to set up floating LNG re-gasification terminal in southern Indian state of Andhra Pradesh along with GDF Suez and Shell, Chairman BC Tripathi said in the statement.


The stock jumped over 1 percent intraday on the BSE.


11:50 am Macro outlook: The annual headline inflation is expected to moderate to near 5 percent as there was reasonable price stability in some major commodities, the finance minister said, reports Reuters.


Chidambaram also said the fiscal deficit target of 4.8 percent of gross domestic product in 2012-13 would not be breached under any circumstances, even as many private economists say the deficit could cross the 5 percent mark.


11:40 am Market outlook: Notwithstanding the volatility in the market, technical analyst Gautam Shah of JM Financials says this retracement is actually healthy for the market . The Nifty will continue to stay in the consolidation phase for next couple of weeks and trade in the range of 5950-6250. Shah believes 5950 is a firm base and does not see market breaking below that.


He is exceptionally positive of market breaking the 6250 level in a December rally and advises investors to take a positional call for that month. He goes on to add that breaking of 6250 would translate into a massive 10-15 percent rally in 2014.


He is extremely bullish on the auto index with M&M , Tata Motors and Bajaj Auto being his favourite picks. "You can make serious money from the auto sector so the suggestions are not for traders," he said.


11:30 am Buzzer: Shares of Bombay Dyeing extended gains (up 5 percent) intraday as the Bombay High Court's nod injected relief. The HC has allowed the Wadia group controlled company to handover land to local authorities in Mumbai, at a single location, instead of two different locations.


The ruling states that the final discretion over where to surrender land, in such a scheme of redevelopment, rests with the developer Bombay Dyeing, in this case. The Court also held that Bombay Dyeing’s proposal was sound in law and was fully compliant with the local regulations.


11:20 am Rupee outlook: The sharp depreciation of the rupee in mid-2013 highlights India's difficult transition following an extended period of low growth, high inflation and a widening in the current account deficit.


Fitch Ratings says in a report published today that the spillover effects of a weaker rupee have not significantly hurt India's creditworthiness, and hence would not trigger any rating action as this point, reports Reuters.


Don't miss: See buying opportunities at 6050 levels: Ambareesh Baliga 


The market is reeling under selling pressure weighed down by banking, capital goods, FMCG and realty stocks. The Sensex is down 239.47 points or 1.16 percent at 20395.66, and the Nifty is down 73.35 points or 1.20 percent at 6049.55.


Sun Pharma , Sesa Sterlite. HDFC , ITC and L&T are top losers in the Sensex. GAIL, Maruti, Hindalco , Coal India and M&M are on buyers' list with marginal gains.


About 749 shares have advanced, 1165 shares declined, and 135 shares are unchanged.


The rupee is sharply lower against the dollar and inline with emerging markets currencies as FOMC minutes revive tapering fears.


Government bond prices too fell sharply and appetite in the secondary market is already weak ahead of the Rs 15,000 cr rupee auction tomorrow.


Asian markets are broadly lower with China down 1 percent on fears of a reduction in US stimulus and weak Chinese manufacturing data.


In commodities, gold prices got a pounding as tapering fears re-surfaced with gold trading near 4-month lows of USD 1250 per ounce.


In currencies, the euro came under fire after a report said the European Central Bank (ECB) was considering cutting its deposit rate to below zero. The dollar held 81 levels and the yen continued to be weak beyond 100 per dollar.


Short URL:

Posted by on Thursday, November 21, 2013 - 10:41 am.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Pfizer at 27-mnth high, Wyeth up 20% on merger plans

Posted on Wednesday, November 20, 2013 - 11:34 am

Moneycontrol Bureau 

Shares of Pfizer and Wyeth  rallied in intraday trade on Wednesday after announcing a board meeting on November 23, 2013 to consider a scheme of amalgamation. Pfizer jumped to 27-month high, up 15 percent at Rs 1523 while Wyeth was locked at a 20 percent-upper circuit on the BSE.


Earlier in 2009, Pfizer Global had announced acquisition of Wyeth for USD 68-billion in a cash-and-stock deal. However, both the companies remained as separate entities in Indian bourses. The board meeting on November 23 will decide a formal merger.


Pfizer is the second biggest foreign multinational after GlaxoSmithKline in terms of domestic sales of medicine.


At 11:55 hrs Pfizer was quoting at Rs 1,466.05, up Rs 119.80, or 8.90 percent while Wyeth was quoting at Rs 776.80, up Rs 129.45, or 20.00 percent on the BSE. 


Short URL:

Posted by on Wednesday, November 20, 2013 - 11:34 am.
Filed under Stocks. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Volumes in Icra, Radico Khaitan, United Breweries shares surge on BSE

Posted on Thursday, October 24, 2013 - 17:00 pm

MUMBAI: Trade in stocks of Icra, Radico Khaitan and United Breweries today saw their volumes on BSE spurting by 10 times more than the average daily volume for the past two weeks. Icra clocked volume of 50,000 shares on BSE today, registering a 5...

Short URL:

Posted by on Thursday, October 24, 2013 - 17:00 pm.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Sensex touches 21,000 level on heavy capital inflows

Posted on Thursday, October 24, 2013 - 11:47 am

The BSE benchmark Sensex regained the psychological 21,000 level after a gap of nearly three years by surging 262 points in the morning trade today on heavy capital inflows in fundamentally strong sectors.

At 12.07 p.m., the 30-share BSE index Sensex was up 196.96 points (0.95 per cent) at 20,964.84 and the 50-share NSE index Nifty was up 56.65 points (0.92 per cent) at 6,235.

Barring IT and TECk, all other BSE sectoral indices were trading in the green. Among them, Bankex was up 1.84 per cent, followed by Consumer Durables 1.6 per cent, Capital Goods 1.43 per cent and Realty 1.25 per cent. On the other hand, IT index was down 0.51 per cent and TECk 0.24 per cent.

Top five Sensex gainers were M&M, Bharti Airtel, ONGC and ICICI Bank, while Coal India, Wipro, TCS, Dr Reddy's and Cipla were the top five losers.

The Nifty and the Sensex opened flat on Thursday. The Nifty opened at 6,163, down 15 points, while the Sensex opened at 20,766, down two points.

The HSBC Markit flash Purchasing Managers Index (PMI) for China showed a reading of 50.9 for October above the market expectation of 50.4 with the September number at 50.2.

The survey said that new orders were at a seven-month high. A PMI number above 50 indicates expansion in economic activity in a sector while a score below 50 signals otherwise.

An SMC Global report said: “Asian stocks pared losses, while commodity currencies rallied with oil and metals as China’s manufacturing beat estimates, signalling the recovery may be accelerating in the world’s second-largest economy. US stocks declined on Wednesday, as weakness in global stocks and mixed earnings from a pair of industrial companies prompted a pause in their recent rally.”

Japan's Nikkei fell 92.1 points or 0.64 per cent to 14,334, Hong Kong's Hang Seng plunged 204.27 points or 0.89 per cent to 22,795.70 and Australia's S&P/ASX 200 was up 22.30 points or 0.42 per cent at 5,378.40,

Keywords: Sensex, Nifty, BSE, NSE, Asian shares, 

Short URL:

Posted by on Thursday, October 24, 2013 - 11:47 am.
Filed under India. Tagged with:
You can follow any responses to this Post through the RSS 2.0 Click to Comment

Video News