On April 23, 2025, India witnessed one of its most tragic terrorist attacks in recent years in Pahalgam, Jammu and Kashmir. With over two dozen lives lost, the humanitarian and emotional toll is incalculable. But beyond the immediate tragedy, events like this can send ripples through India's financial markets. Here’s what investors need to know:
Showing posts with label Indian Stock market News Update. Show all posts
Showing posts with label Indian Stock market News Update. Show all posts
Thursday, April 24, 2025
Thursday, May 3, 2012
Indian Stock Market : Sensex ends below 17,200; auto, banks, metals down
The Sensex closed in the
red, led by losses in auto, banks, metals and realty stocks even as the
European markets remained firm.
The Sensex closed at 17,163.89, down 138.02 points, or 0.80 percent. It touched an intraday high of 17,271.77 and a low of 17,120.86.
The Nifty ended at 5,192.25, down 46.90 points, or 0.90 percent. It touched an intraday high of 5,217.30 and a low of 5,180.65.
The BSE Midcap Index fell 0.87 percent and the BSE Smallcap Index declined 0.89 percent.
Among sectoral indices, the BSE Auto Index was down 2.44 percent, the BSE Bankex declined 1.69 percent and the BSE Metal Index was 1.64 percent lower. The BSE IT Index was up 0.66 percent.
The Sensex closed at 17,163.89, down 138.02 points, or 0.80 percent. It touched an intraday high of 17,271.77 and a low of 17,120.86.
The Nifty ended at 5,192.25, down 46.90 points, or 0.90 percent. It touched an intraday high of 5,217.30 and a low of 5,180.65.
The BSE Midcap Index fell 0.87 percent and the BSE Smallcap Index declined 0.89 percent.
Among sectoral indices, the BSE Auto Index was down 2.44 percent, the BSE Bankex declined 1.69 percent and the BSE Metal Index was 1.64 percent lower. The BSE IT Index was up 0.66 percent.
Indian Stock Market : Nifty ends below 5,200; auto, metals, banks down
The Nifty closed below
the intermediate support level of 5,200 as a weak rupee and lack of
conviction among investors hurt sentiment.
The benchmark has drifted closer to the lower end of the trading range of 5,180-5,300 as foreign institutional investors await clarity on GAAR, a proposed retrospective taxation of cross-border transactions and a reduction in fuel subsidies. The Finance Bill will be debated in Parliament early next week.
The rupee slipped below 53 per dollar, a new four-month low, on increased demand for the greenback from importers and foreign banks. The rupee was at 53.44 per dollar, down 48 paise, against its previous close of 52.96 per dollar.
The Nifty ended at 5,188.40, down 50.75 points, or 0.97 percent. It touched an intraday high of 5,217.30 and a low of 5,180.65.
The Sensex closed at 17,151.19, down 150.72 points, or 0.87 percent. It touched an intraday high of 17,271.77 and a low of 17,120.86.
The BSE Midcap Index fell 1.02 percent and the BSE Smallcap Index declined 1 percent.
Among sectoral indices, the BSE Auto Index was down 2.43 percent, the BSE Metal Index declined 1.75 percent and the BSE Bankex was 1.74 percent lower. The BSE IT Index was up 0.71 percent.
Banks witnessed selling pressure following the Reserve Bank of India's directive to set aside more capital to meet the BASEL III requirements.
Hero MotoCorp (7.55%), Axis Bank (3.94%), Bank of Baroda (3.39%), Maruti Suzuki (3.24%) and IDFC (2.89%) were among the top Nifty losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hero MotoCorp results were largely in line with estimates, but net profit came in 4% below estimates due to a higher tax rate, said a CLSA report.
The announcement of Rs 45/share dividend will come as a disappointment given expectations were of Rs 80 plus and it could take a toll on Hero's premium multiples, it added.
Asian Paints (2.37%), Hindustan Unilever (2.32%), Wipro (2.05%), BPCL (0.94%) and TCS (0.74%) were the among the index gainers.
The market breadth was negative on the NSE with 429 gainers against 1,047 losers.
The benchmark has drifted closer to the lower end of the trading range of 5,180-5,300 as foreign institutional investors await clarity on GAAR, a proposed retrospective taxation of cross-border transactions and a reduction in fuel subsidies. The Finance Bill will be debated in Parliament early next week.
The rupee slipped below 53 per dollar, a new four-month low, on increased demand for the greenback from importers and foreign banks. The rupee was at 53.44 per dollar, down 48 paise, against its previous close of 52.96 per dollar.
The Nifty ended at 5,188.40, down 50.75 points, or 0.97 percent. It touched an intraday high of 5,217.30 and a low of 5,180.65.
The Sensex closed at 17,151.19, down 150.72 points, or 0.87 percent. It touched an intraday high of 17,271.77 and a low of 17,120.86.
The BSE Midcap Index fell 1.02 percent and the BSE Smallcap Index declined 1 percent.
Among sectoral indices, the BSE Auto Index was down 2.43 percent, the BSE Metal Index declined 1.75 percent and the BSE Bankex was 1.74 percent lower. The BSE IT Index was up 0.71 percent.
Banks witnessed selling pressure following the Reserve Bank of India's directive to set aside more capital to meet the BASEL III requirements.
Hero MotoCorp (7.55%), Axis Bank (3.94%), Bank of Baroda (3.39%), Maruti Suzuki (3.24%) and IDFC (2.89%) were among the top Nifty losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hero MotoCorp results were largely in line with estimates, but net profit came in 4% below estimates due to a higher tax rate, said a CLSA report.
The announcement of Rs 45/share dividend will come as a disappointment given expectations were of Rs 80 plus and it could take a toll on Hero's premium multiples, it added.
Asian Paints (2.37%), Hindustan Unilever (2.32%), Wipro (2.05%), BPCL (0.94%) and TCS (0.74%) were the among the index gainers.
The market breadth was negative on the NSE with 429 gainers against 1,047 losers.
Indian Stock Market : Nifty below 5200; auto, banks, metals decline
The Nifty extended its
intraday losses and was near the day's lows as profit booking
intensified across the board on the back of the rupee's depreciation
against the dollar. There are chances that the market may break out of
the tight trading range in coming sessions.
The rupee was at 53.40 per dollar, down 44 paise, against the previous close of 52.96. The Indian currency may breach the 54-per-dollar mark in the near to medium term,
according to analysts.
At 02:40 p.m., the Nifty was at 5,185.75, down 53.40 points, or 1.02 percent. It has touched a high of 5,217.30 and a low of 5,180.65 in trade today.
The Sensex was at 17,162.24, down 139.67 points, or 0.81 percent. It has touched a high of 17,271.77 and a low of 17,120.86 in trade today.
The BSE Midcap Index fell 1.04 percent and the BSE Smallcap Index slipped 1.01 percent.
Among sectoral indices, the BSE Auto Index was down 2.35 percent, the BSE Metal Index declined 1.83 percent and the BSE Bankex was 1.73 percent lower. The BSE IT Index was up 0.86 percent.
Baniking stocks are witnessing selling pressure following the Reserve Bank of India's directive to set aside more capital to meet the BASEL III requirements.
Hero MotoCorp (7.60%), Axis Bank (3.96%), Bank of Baroda (3.89%), IDFC (3.59%) and DLF (3.34%) are among the top Nifty losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hindustan Unilever (2.35%), Wipro (1.98%), Asian Paints (1.56%), TCS (0.92%) and BHEL (0.85%) are the among the index gainers.
The market breadth was negative on the NSE with 413 gainers against 1,029 losers
The rupee was at 53.40 per dollar, down 44 paise, against the previous close of 52.96. The Indian currency may breach the 54-per-dollar mark in the near to medium term,
according to analysts.
At 02:40 p.m., the Nifty was at 5,185.75, down 53.40 points, or 1.02 percent. It has touched a high of 5,217.30 and a low of 5,180.65 in trade today.
The Sensex was at 17,162.24, down 139.67 points, or 0.81 percent. It has touched a high of 17,271.77 and a low of 17,120.86 in trade today.
The BSE Midcap Index fell 1.04 percent and the BSE Smallcap Index slipped 1.01 percent.
Among sectoral indices, the BSE Auto Index was down 2.35 percent, the BSE Metal Index declined 1.83 percent and the BSE Bankex was 1.73 percent lower. The BSE IT Index was up 0.86 percent.
Baniking stocks are witnessing selling pressure following the Reserve Bank of India's directive to set aside more capital to meet the BASEL III requirements.
Hero MotoCorp (7.60%), Axis Bank (3.96%), Bank of Baroda (3.89%), IDFC (3.59%) and DLF (3.34%) are among the top Nifty losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hindustan Unilever (2.35%), Wipro (1.98%), Asian Paints (1.56%), TCS (0.92%) and BHEL (0.85%) are the among the index gainers.
The market breadth was negative on the NSE with 413 gainers against 1,029 losers
Indian Stock Market : Sensex choppy; Hero MotoCorp, ICICI Bank, Coal India down
The Sensex is witnessing a
choppy session with negative bias as investors remained on the
sidelines in the absence of clarity on GAAR and tax policy issues.
The rupee continued to slip against the dollar on demand from importers and concerns about slowing economic growth. The partially convertible rupee was at 53.22 per dollar, down 26 paise, against the previous close of 52.96.
At 01:05 p.m., the Sensex was at 17,220.73, down 81.18 points, or 0.47 percent. It has touched a high of 17,271.77 and a low of 17,148.66 in trade today.
The Nifty was at 5,208.30, down 30.85 points, or 0.59 percent. It has touched a high of 5,217.30 and a low of 5,189.45 in trade today.
The BSE Midcap Index was down 0.80 percent and the BSE Smallcap Index slipped 0.69 percent.
Among sectoral indices, the BSE Auto Index was down 1.63 percent, the BSE Realty Index declined 1.02 percent, the BSE Bankex was 1.01 percent lower. The BSE IT Index was up 0.47 percent and the BSE Healthcare Index moved up 0.32 percent.
Hero MotoCorp (6.99%), ICICI Bank (2.69%), Coal India (2.27%), Tata Power (1.94%) and Bajaj Auto (1.71%) are among the top Sensex losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hindustan Unilever (1.51%), Wipro (1.48%), HDFC Bank (1.22%), BHEL (0.96%) and Sun Pharma (0.85%) are among the index gainers.
The market breadth was negative on the BSE with 919 gainers against 1,590 losers.
The European markets opened in the green ahead of an ECB meet. The FTSE 100 was up 0.66 percent, the CAC 40 gained 0.88 percent and the DAX moved 0.99 percent higher.
The rupee continued to slip against the dollar on demand from importers and concerns about slowing economic growth. The partially convertible rupee was at 53.22 per dollar, down 26 paise, against the previous close of 52.96.
At 01:05 p.m., the Sensex was at 17,220.73, down 81.18 points, or 0.47 percent. It has touched a high of 17,271.77 and a low of 17,148.66 in trade today.
The Nifty was at 5,208.30, down 30.85 points, or 0.59 percent. It has touched a high of 5,217.30 and a low of 5,189.45 in trade today.
The BSE Midcap Index was down 0.80 percent and the BSE Smallcap Index slipped 0.69 percent.
Among sectoral indices, the BSE Auto Index was down 1.63 percent, the BSE Realty Index declined 1.02 percent, the BSE Bankex was 1.01 percent lower. The BSE IT Index was up 0.47 percent and the BSE Healthcare Index moved up 0.32 percent.
Hero MotoCorp (6.99%), ICICI Bank (2.69%), Coal India (2.27%), Tata Power (1.94%) and Bajaj Auto (1.71%) are among the top Sensex losers.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, narrowly missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hindustan Unilever (1.51%), Wipro (1.48%), HDFC Bank (1.22%), BHEL (0.96%) and Sun Pharma (0.85%) are among the index gainers.
The market breadth was negative on the BSE with 919 gainers against 1,590 losers.
The European markets opened in the green ahead of an ECB meet. The FTSE 100 was up 0.66 percent, the CAC 40 gained 0.88 percent and the DAX moved 0.99 percent higher.
Indian Stock Market : Nifty hovers near 5,200; Hero, Axis Bank, JP Asso down
The Nifty is drifting
back to the lower end of the trading range as it hovered above the
support level of 5,200 on the back of the weak rupee and Asian peers.
The rupee slipped below 53 per dollar, a new four-month low, as risk-averse investors continued to buy the greenback. Demand from importers also put pressure on the rupee. The rupee fell to a low of 53.18/19 per dollar against its previous close of 52.96. The Reserve Bank of India seems to have intervened between the 52.80 and 53 levels, according to dealers.
At 10:00 a.m., the Nifty was at 5,215.20, down 23.95 points, or 0.46 percent. It has touched a high of 5,217.30 and a low of 5,203.55 in trade today.
The Sensex was at 17,215.06, down 86.85 points, or 0.50 percent. It has touched a high of 17,271.77 and a low of 17,194.26 in trade today.
The BSE Midcap Index was down 0.17 percent and the BSE Smallcap Index slipped 0.14 percent.
Among sectoral indices, the BSE Auto Index was down 1.51percent, the BSE Bankex declined 0.61 percent, the BSE Oil & Gas Index was 0.61 percent lower.l The BSE IT Index was up 0.22 percent and the BSE FMCG Index moved up 0.01 percent.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hero MotoCorp (5.43%), Bajaj Auto (2.54%), Maruti Suzuki (2.09%), Axis Bank (1.60%) and Jaiprakash Associates (1.56%) are among the top Sensex losers.
Hindustan Unilever (1.67%), Cipla (1.18%), Sesa Goa (1.17%), Sterlite Industries (0.95%) and Wipro (0.89%) are the among the index gainers.
The market breadth was negative on the NSE with 499 gainers against 793 losers.
Asian markets were down on profit booking. The Hang Seng fell 0.50 percent, the Seoul Composite slipped 0.33 percent, the Taiwan Weighted edged 0.20 percent lower and the Strait Times was down 0.11 percent.
The rupee slipped below 53 per dollar, a new four-month low, as risk-averse investors continued to buy the greenback. Demand from importers also put pressure on the rupee. The rupee fell to a low of 53.18/19 per dollar against its previous close of 52.96. The Reserve Bank of India seems to have intervened between the 52.80 and 53 levels, according to dealers.
At 10:00 a.m., the Nifty was at 5,215.20, down 23.95 points, or 0.46 percent. It has touched a high of 5,217.30 and a low of 5,203.55 in trade today.
The Sensex was at 17,215.06, down 86.85 points, or 0.50 percent. It has touched a high of 17,271.77 and a low of 17,194.26 in trade today.
The BSE Midcap Index was down 0.17 percent and the BSE Smallcap Index slipped 0.14 percent.
Among sectoral indices, the BSE Auto Index was down 1.51percent, the BSE Bankex declined 0.61 percent, the BSE Oil & Gas Index was 0.61 percent lower.l The BSE IT Index was up 0.22 percent and the BSE FMCG Index moved up 0.01 percent.
Hero MotoCorp posted a 20% increase in net profit to Rs 603 crore in the quarter ended March, missing analysts' estimates, as higher raw material costs damped gains from record sales of bikes and scooters. Its total turnover (net sales and other income) in the fourth quarter rose 12% to Rs 6,035 crore driven by higher volume growth as sales jumped 8% to 15.72 lakh units. The company announced a dividend of Rs 45 per share.
Hero MotoCorp (5.43%), Bajaj Auto (2.54%), Maruti Suzuki (2.09%), Axis Bank (1.60%) and Jaiprakash Associates (1.56%) are among the top Sensex losers.
Hindustan Unilever (1.67%), Cipla (1.18%), Sesa Goa (1.17%), Sterlite Industries (0.95%) and Wipro (0.89%) are the among the index gainers.
The market breadth was negative on the NSE with 499 gainers against 793 losers.
Asian markets were down on profit booking. The Hang Seng fell 0.50 percent, the Seoul Composite slipped 0.33 percent, the Taiwan Weighted edged 0.20 percent lower and the Strait Times was down 0.11 percent.
Indian Stock Market : Nifty seen opening lower; sugar stocks eyed
The 50-share Nifty is
expected to open lower on Thursday, tracking weak global cues, while
investors will keep a close eye on sugar stocks after the government
removed the cap on sugar exports and placed the commodity under the open
general licence (OGL) category.
According to sources, the export of 1 million tonnes of sugar announced in the last meeting of the empowered group of ministers (EGoM) will now take place under OGL. Stocks like Balrampur Chini Mills Ltd, Shree Renuka Sugars Ltd and Bajaj Hindustan Ltd will be in focus.
The Nifty snapped a three-day upmove and closed in the negative terrain on Wednesday as a weak rupee and lack of conviction among investors hurt sentiment.
The rupee closed near the 53-per-dollar mark on Wednesday as demand for the greenback from importers increased. A widening current account deficit, slowing domestic economic growth and exit of foreign institutional investors on concerns of tax policies have been putting pressure on the rupee.
"There is a lot of headwind against the market's momentum, particularly because of the regulatory issues and non-implementation of policy. At the same time, nasty provisions like GAAR have certainly affected confidence of the people, which has probably taken away many investors from directly participating in the market at the current levels," Deven Choksey, MD, KR Choksey Securities, said.
"Adding fuel to the fire are ETFs which have withdrawn money to pay oil bills and this acts as a negative for the rupee. This too is putting off global investors and traders," Deven added.
Overnight, US stocks edged lower as economic data showed that private sector hiring unexpectedly fell to a seven-month low in April, sparking concerns that Friday's key jobs report will also disappoint investors.
"US private employers added 119,000 jobs in April, well short of expectations for 177,000, according to the ADP report. That sparked market rumors that Friday's payrolls data will show the economy added just 125,000 to 150,000 jobs last month, well below a Reuters consensus forecast for 170,000," a Reuters report said.
The Dow Jones Industrial Average dropped 10.75 points, or 0.08 per cent, to 13,268.57. The Standard & Poor's 500 fell 3.52 points, or 0.25 per cent, to 1,402.30. The Nasdaq Composite Index gained 9.41 points, or 0.31 percent, to 3,059.85.
Asian shares slipped on Thursday after disappointing data from US and Europe reignited concerns about the strength of the global economic recovery.
"European shares dropped on Wednesday after a survey showed euro zone factories sank further into decline last month, with the downturn hitting Italy and Spain hard and appearing to take root among core members France and Germany," a Reuters report added.
Hong Kong 's Hang Seng was trading lower at 21,197.12, down 0.5%. South Korea 's Kospi was trading 02% lower at 1,993.45. China 's Shanghai index was trading flat at 2,439.
At 08:00 a.m., Nifty India stock futures in Singapore were down 15 points at 5,217.00, indicating a negative opening in the domestic market.
According to sources, the export of 1 million tonnes of sugar announced in the last meeting of the empowered group of ministers (EGoM) will now take place under OGL. Stocks like Balrampur Chini Mills Ltd, Shree Renuka Sugars Ltd and Bajaj Hindustan Ltd will be in focus.
The Nifty snapped a three-day upmove and closed in the negative terrain on Wednesday as a weak rupee and lack of conviction among investors hurt sentiment.
The rupee closed near the 53-per-dollar mark on Wednesday as demand for the greenback from importers increased. A widening current account deficit, slowing domestic economic growth and exit of foreign institutional investors on concerns of tax policies have been putting pressure on the rupee.
"There is a lot of headwind against the market's momentum, particularly because of the regulatory issues and non-implementation of policy. At the same time, nasty provisions like GAAR have certainly affected confidence of the people, which has probably taken away many investors from directly participating in the market at the current levels," Deven Choksey, MD, KR Choksey Securities, said.
"Adding fuel to the fire are ETFs which have withdrawn money to pay oil bills and this acts as a negative for the rupee. This too is putting off global investors and traders," Deven added.
Overnight, US stocks edged lower as economic data showed that private sector hiring unexpectedly fell to a seven-month low in April, sparking concerns that Friday's key jobs report will also disappoint investors.
"US private employers added 119,000 jobs in April, well short of expectations for 177,000, according to the ADP report. That sparked market rumors that Friday's payrolls data will show the economy added just 125,000 to 150,000 jobs last month, well below a Reuters consensus forecast for 170,000," a Reuters report said.
The Dow Jones Industrial Average dropped 10.75 points, or 0.08 per cent, to 13,268.57. The Standard & Poor's 500 fell 3.52 points, or 0.25 per cent, to 1,402.30. The Nasdaq Composite Index gained 9.41 points, or 0.31 percent, to 3,059.85.
Asian shares slipped on Thursday after disappointing data from US and Europe reignited concerns about the strength of the global economic recovery.
"European shares dropped on Wednesday after a survey showed euro zone factories sank further into decline last month, with the downturn hitting Italy and Spain hard and appearing to take root among core members France and Germany," a Reuters report added.
Hong Kong 's Hang Seng was trading lower at 21,197.12, down 0.5%. South Korea 's Kospi was trading 02% lower at 1,993.45. China 's Shanghai index was trading flat at 2,439.
At 08:00 a.m., Nifty India stock futures in Singapore were down 15 points at 5,217.00, indicating a negative opening in the domestic market.
Indian Stock Market : Sensex slips 0.5% in early trade; Hero MotoCorp down 5%
The Sensex slipped as much as 0.5 percent early Thursday, with RIL, ITC and Hero MotoCorp leading the losses. The broader 50-share NSE index was down 0.6 percent to 5,207.40.
Hero MotoCorp slipped more than 5% in early trade to touch a low of Rs 2,111.15 after the two-wheeler manufacturer reported profits below street expectations. Its adjusted operating profit margin was broadly flat on a YoY basis at 12% in the fourth quarter of FY12, while net sales grew 11.9% in the quarter.
Shares of sugar companies such as Balrampur Chini Mills, Shree Renuka and Bajaj Hindustan increased over 4% in early trade after the government removed the cap on sugar exports and placed the commodity under the open general licence (OGL) category.
Indraprastha Gas (IGL) rose 1.6% to Rs 227.50 in early trade, ahead of a hearing on an IGL petition, challenging an order of the Petroleum Natural Gas Regulatory Board on network tariff and compression charge, scheduled for later today in the Delhi High Court.
Shares of ACC, Ambuja Cement slipped nearly 1% after the cement manufacturers reported a growth in production at 2.17 million tonnes and 1.91 million tonnes, respectively, for the month of April.
At 9:20 a.m., the 30-share BSE index was trading 0.5% lower at 17,201.16 points led by losses in RIL (0.4%), ITC (0.6%) and Hero MotoCorp (5.3%).
The BSE Auto Index slipped 1.3%, the BSE Realty Index dropped 0.7% and the BSE Metals Index fell 0.7%.
Top Sensex gainers include Cipala, which was trading 1.1% higher at Rs 320.95, and BHEL, up 0.9%.
Hero MotoCorp slipped more than 5% in early trade to touch a low of Rs 2,111.15 after the two-wheeler manufacturer reported profits below street expectations. Its adjusted operating profit margin was broadly flat on a YoY basis at 12% in the fourth quarter of FY12, while net sales grew 11.9% in the quarter.
Shares of sugar companies such as Balrampur Chini Mills, Shree Renuka and Bajaj Hindustan increased over 4% in early trade after the government removed the cap on sugar exports and placed the commodity under the open general licence (OGL) category.
Indraprastha Gas (IGL) rose 1.6% to Rs 227.50 in early trade, ahead of a hearing on an IGL petition, challenging an order of the Petroleum Natural Gas Regulatory Board on network tariff and compression charge, scheduled for later today in the Delhi High Court.
Shares of ACC, Ambuja Cement slipped nearly 1% after the cement manufacturers reported a growth in production at 2.17 million tonnes and 1.91 million tonnes, respectively, for the month of April.
At 9:20 a.m., the 30-share BSE index was trading 0.5% lower at 17,201.16 points led by losses in RIL (0.4%), ITC (0.6%) and Hero MotoCorp (5.3%).
The BSE Auto Index slipped 1.3%, the BSE Realty Index dropped 0.7% and the BSE Metals Index fell 0.7%.
Top Sensex gainers include Cipala, which was trading 1.1% higher at Rs 320.95, and BHEL, up 0.9%.
Wednesday, May 2, 2012
Indian Stock Market : Sensex ends in red; auto, power, capital goods down
The Sensex pared intraday
gains and closed in the negative territory on the back of profit booking
after European peers slipped off highs. Auto, power and capital goods
were the top sectoral losers while technology, FMCG and banks showed some resistance.
The Sensex ended at 17,271.45, down 47.36 points, or 0.27 percent. It touched an intraday high of 17,432.33 and a low of 17,265.48.
The Nifty closed at 5,230.55, down 17.60 points, or 0.34 percent. It touched an intraday high of 5,279.60 and a low of 5,226.45.
The BSE Midcap Index was down 0.38 percent, while the BSE Smallcap Index edged 0.17 percent higher.
Among sectoral indices, the BSE Auto Index was down 1.87 percent, the BSE Power Index slipped 1.38 percent and the BSE Capital Goods Index declined 1.09 percent. The BSE IT Index was up 0.48 percent, the BSE FMCG Index moved 0.17 percent higher and the BSE Bankex advanced 0.07 percent.
The Sensex ended at 17,271.45, down 47.36 points, or 0.27 percent. It touched an intraday high of 17,432.33 and a low of 17,265.48.
The Nifty closed at 5,230.55, down 17.60 points, or 0.34 percent. It touched an intraday high of 5,279.60 and a low of 5,226.45.
The BSE Midcap Index was down 0.38 percent, while the BSE Smallcap Index edged 0.17 percent higher.
Among sectoral indices, the BSE Auto Index was down 1.87 percent, the BSE Power Index slipped 1.38 percent and the BSE Capital Goods Index declined 1.09 percent. The BSE IT Index was up 0.48 percent, the BSE FMCG Index moved 0.17 percent higher and the BSE Bankex advanced 0.07 percent.
Indian Stock Market : Sensex rangebound; FMCG, tech, banks advance
The Sensex is rangebound
after shedding some of intraday gains. FMCG, technology and banks
continue to remain firm while a weakness emerged in auto, power and oil
& gas stocks.
At 12:30 p.m., the Sensex was at 17,380.46, up 61.65 points, or 0.36 percent. It has touched a high of 17,432.33 and a low of 17,363.26 in trade today.
The Nifty was at 5,264.95, up 16.80 points, or 0.32 percent. It has touched a high of 5,279.60 and a low of 5,254.30 in trade today.
The BSE Midcap Index was up 0.32 percent and the BSE Smallcap Index gained 0.61 percent.
Among sectoral indices, the BSE FMCG Index was up 0.88 percent, the BSE IT Index advanced 0.84 percent and the BSE Bankex gained 0.74 percent. The BSE Auto Index was down 0.66 percent, the BSE Power Index slipped 0.39 percent and the BSE Oil & Gas Index declined 0.35 percent.
Hindustan Unilever (2.92%), DLF (2.54%), Bharti Airtel (2.16%), Jindal Steel (1.94%) and TCS (1.85%) are among the top Sensex gainers.
Bharti Airtel reported a consolidated net profit of Rs 1,006 crore for the quarter ended March 2012 against Rs 1,400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18,507.8 crore in the same period last fiscal. The company recommended a dividend of Re 1 per equity share of face valued Rs 5 each for the financial year 2011-12.
Shares of Hindustan Unilever gained momentum after the company announced quarterly results a day ago. The company's net profit increased nearly 21 percent to Rs 686.61 crore for the quarter ended March 2012 against Rs 569.18 crore in the same quarter a year ago.
Total income increased to Rs 5,835.86 crore for the quarter compared to Rs 5,028.71 crore in the corresponding quarter last fiscal.
Tata Motors (1.94%), Coal India (1.63%), Bajaj Auto (1.55%), Maruti Suzuki (1.49%) and ONGC (1.35%) are among the losers.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bajaj Auto's sales in April 2012 rose 4 percent to 381,580 units compared to 367,309 units in the same period a year ago.
The market breadth was positive on the BSE with 1,361 gainers against 1,166 losers.
At 12:30 p.m., the Sensex was at 17,380.46, up 61.65 points, or 0.36 percent. It has touched a high of 17,432.33 and a low of 17,363.26 in trade today.
The Nifty was at 5,264.95, up 16.80 points, or 0.32 percent. It has touched a high of 5,279.60 and a low of 5,254.30 in trade today.
The BSE Midcap Index was up 0.32 percent and the BSE Smallcap Index gained 0.61 percent.
Among sectoral indices, the BSE FMCG Index was up 0.88 percent, the BSE IT Index advanced 0.84 percent and the BSE Bankex gained 0.74 percent. The BSE Auto Index was down 0.66 percent, the BSE Power Index slipped 0.39 percent and the BSE Oil & Gas Index declined 0.35 percent.
Hindustan Unilever (2.92%), DLF (2.54%), Bharti Airtel (2.16%), Jindal Steel (1.94%) and TCS (1.85%) are among the top Sensex gainers.
Bharti Airtel reported a consolidated net profit of Rs 1,006 crore for the quarter ended March 2012 against Rs 1,400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18,507.8 crore in the same period last fiscal. The company recommended a dividend of Re 1 per equity share of face valued Rs 5 each for the financial year 2011-12.
Shares of Hindustan Unilever gained momentum after the company announced quarterly results a day ago. The company's net profit increased nearly 21 percent to Rs 686.61 crore for the quarter ended March 2012 against Rs 569.18 crore in the same quarter a year ago.
Total income increased to Rs 5,835.86 crore for the quarter compared to Rs 5,028.71 crore in the corresponding quarter last fiscal.
Tata Motors (1.94%), Coal India (1.63%), Bajaj Auto (1.55%), Maruti Suzuki (1.49%) and ONGC (1.35%) are among the losers.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bajaj Auto's sales in April 2012 rose 4 percent to 381,580 units compared to 367,309 units in the same period a year ago.
The market breadth was positive on the BSE with 1,361 gainers against 1,166 losers.
Indian Stock Market : Nifty ends below 5,250 as weak rupee hurts sentiment
The Nifty snapped a
three-day upmove and closed in the negative terrain as a weak rupee and
lack of conviction among investors hurt sentiment.
The rupee closed near the 53-per-dollar mark on demand for the greenback from importers. Widening current account deficit, slowing domestic economic growth and exit of foreign institutional investors on concerns of tax policies have been putting pressure on the rupee.
India's exports in March fell for the first time since the 2009 global financial crisis. They fell 5.7 percent to $28.7 billion in March 2012 while imports rose 24.3 percent to $42.6 billion.
The partially convertible rupee ended at 52.95 per dollar, down 22 paise, against a previous close of 52.73. It slipped to a low of Rs 53.02 per dollar earlier in the day.
The market had opened on a positive note taking cues from Asian peers, but failed to hold above intermediate resistance levels and gave away gains as the session progressed. The Nifty has been moving in the range of 5,200-5,300 for the past few sessions. It has been lacking strength to break out on the either side.
Once the issues on GAAR and tax policies are clarified by the government, the market may break out on the upside, analysts said.
The GAAR issue would probably be resolved before the finance bill is implemented. A clarification should help people stay back in India and not withdraw money which would ultimately bring down the pressure on rupee as well.
The Sensex ended at 17,301.91, down 16.90 points, or 0.10 percent. It touched an intraday high of 17,432.33 and a low of 17,265.48.
The Nifty closed at 5,239.15, down 9 points, or 0.17 percent. It touched an intraday high of 5,279.60 and a low of 5,226.45.
The BSE Midcap Index was down 0.27 percent while the BSE Smallcap Index edged 0.20 percent higher.
Among sectoral indices, the BSE Auto Index was down 1.72 percent, the BSE Power Index slipped 1.25 percent and the BSE Capital Goods Index declined 0.94 percent. The BSE IT Index was up 0.73 percent, the BSE Bankex moved 0.27 percent higher and the BSE FMCG Index advanced 0.21 percent.
Tata Motors (3.65%), Maruti Suzuki (3.20%), ACC (2.59%), Coal India (2.58%) and Tata Power (2.41%) led the Nifty losers.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
DLF (2.78%), Bharti Airtel (2.42%), SAIL (1.95%), Punjab National Bank (1.95%) and Cipla (1.92%) were among the top Nifty gainers.
Bharti Airtel reported a consolidated net profit of Rs 1,006 crore for the quarter ended March 2012 against Rs 1,400 crore a year ago. The company recommended a dividend of Re 1 per equity share of a face value of Rs 5 each for the financial year 2011-12.
The market breadth was negative on the NSE with 662 gainers against 793 losers.
The European markets were mixed. The CAC 40 gained 1.04 percent and the DAX moved 0.83 percent higher. The FTSE 100 was down 0.18 percent.
The rupee closed near the 53-per-dollar mark on demand for the greenback from importers. Widening current account deficit, slowing domestic economic growth and exit of foreign institutional investors on concerns of tax policies have been putting pressure on the rupee.
India's exports in March fell for the first time since the 2009 global financial crisis. They fell 5.7 percent to $28.7 billion in March 2012 while imports rose 24.3 percent to $42.6 billion.
The partially convertible rupee ended at 52.95 per dollar, down 22 paise, against a previous close of 52.73. It slipped to a low of Rs 53.02 per dollar earlier in the day.
The market had opened on a positive note taking cues from Asian peers, but failed to hold above intermediate resistance levels and gave away gains as the session progressed. The Nifty has been moving in the range of 5,200-5,300 for the past few sessions. It has been lacking strength to break out on the either side.
Once the issues on GAAR and tax policies are clarified by the government, the market may break out on the upside, analysts said.
The GAAR issue would probably be resolved before the finance bill is implemented. A clarification should help people stay back in India and not withdraw money which would ultimately bring down the pressure on rupee as well.
The Sensex ended at 17,301.91, down 16.90 points, or 0.10 percent. It touched an intraday high of 17,432.33 and a low of 17,265.48.
The Nifty closed at 5,239.15, down 9 points, or 0.17 percent. It touched an intraday high of 5,279.60 and a low of 5,226.45.
The BSE Midcap Index was down 0.27 percent while the BSE Smallcap Index edged 0.20 percent higher.
Among sectoral indices, the BSE Auto Index was down 1.72 percent, the BSE Power Index slipped 1.25 percent and the BSE Capital Goods Index declined 0.94 percent. The BSE IT Index was up 0.73 percent, the BSE Bankex moved 0.27 percent higher and the BSE FMCG Index advanced 0.21 percent.
Tata Motors (3.65%), Maruti Suzuki (3.20%), ACC (2.59%), Coal India (2.58%) and Tata Power (2.41%) led the Nifty losers.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
DLF (2.78%), Bharti Airtel (2.42%), SAIL (1.95%), Punjab National Bank (1.95%) and Cipla (1.92%) were among the top Nifty gainers.
Bharti Airtel reported a consolidated net profit of Rs 1,006 crore for the quarter ended March 2012 against Rs 1,400 crore a year ago. The company recommended a dividend of Re 1 per equity share of a face value of Rs 5 each for the financial year 2011-12.
The market breadth was negative on the NSE with 662 gainers against 793 losers.
The European markets were mixed. The CAC 40 gained 1.04 percent and the DAX moved 0.83 percent higher. The FTSE 100 was down 0.18 percent.
Indian Stock Market : Nifty slips in red; Tata Motors, Maruti, Coal India down
The National Stock
Exchange's Nifty failed to hold above intermediate resistance levels and
slipped in the negative territory as profit booking intensified in
auto, power, capital goods and oil & gas sectors.
At 2:30 p.m., the Nifty was at 5,244.05, down 4.10 points or 0.08 percent. It touched intraday high of 5,279.60 and a low of 5,240.75.
The Bombay Stock Exchange's Sensex was at 17,335.09, up 16.28 points or 0.09 percent. It touched intraday high of 17,432.33 and a low of 17,309.69.
The BSE Midcap Index was up 0.07 percent and the BSE Smallcap Index gained 0.35 percent.
Among sectoral indices, the BSE Auto Index was down 1.23 percent, the BSE Power Index slipped 0.82 percent, the BSE Capital Goods Index declined 0.57 percent and the BSE Oil & Gas Index slipped 0.31 percent. The BSE IT Index was up 0.90 percent, the BSE Bankex advanced 0.47 percent and the BSE Healthcare Index gained 0.25 percent.
Tata Motors (-3.33%), Tata Power (-2.65%), Maruti Suzuki (-2.58%), Coal India (-1.93%) and Siemens (-1.63%) led the Nifty losers pack.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bharti Airtel (2.58%), DLF (2.51%), Punjab National Bank (2.06%), SAIL (1.95%) and Cipla (1.92%) were among the top Nifty gainers.
Bharti Airtel reported a consolidated net profit of Rs 1006 crore for the quarter ended March 2012 against Rs 1400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18507.8 crore in the same period last fiscal. The company recommended a dividend of Re 1 per equity share of face valued Rs 5 each for the financial year 2011-12.
The market breadth was flat on the NSE with 739 gainers against 719 losers.
The European markets were mixed. CAC 40 gained 1.04 percent and DAX moved 0.83 percent higher. FTSE 100 was down 0.18 percent.
At 2:30 p.m., the Nifty was at 5,244.05, down 4.10 points or 0.08 percent. It touched intraday high of 5,279.60 and a low of 5,240.75.
The Bombay Stock Exchange's Sensex was at 17,335.09, up 16.28 points or 0.09 percent. It touched intraday high of 17,432.33 and a low of 17,309.69.
The BSE Midcap Index was up 0.07 percent and the BSE Smallcap Index gained 0.35 percent.
Among sectoral indices, the BSE Auto Index was down 1.23 percent, the BSE Power Index slipped 0.82 percent, the BSE Capital Goods Index declined 0.57 percent and the BSE Oil & Gas Index slipped 0.31 percent. The BSE IT Index was up 0.90 percent, the BSE Bankex advanced 0.47 percent and the BSE Healthcare Index gained 0.25 percent.
Tata Motors (-3.33%), Tata Power (-2.65%), Maruti Suzuki (-2.58%), Coal India (-1.93%) and Siemens (-1.63%) led the Nifty losers pack.
Foreign institutional investors seem to be selling Tata Motors. Analysts expect JLR figures to slow down going forward.
Bharti Airtel (2.58%), DLF (2.51%), Punjab National Bank (2.06%), SAIL (1.95%) and Cipla (1.92%) were among the top Nifty gainers.
Bharti Airtel reported a consolidated net profit of Rs 1006 crore for the quarter ended March 2012 against Rs 1400 crore a year ago. Total income was at Rs 18,738.8 crore compared to Rs 18507.8 crore in the same period last fiscal. The company recommended a dividend of Re 1 per equity share of face valued Rs 5 each for the financial year 2011-12.
The market breadth was flat on the NSE with 739 gainers against 719 losers.
The European markets were mixed. CAC 40 gained 1.04 percent and DAX moved 0.83 percent higher. FTSE 100 was down 0.18 percent.
Indian Stock Market : Sensex gains 0.6% in early trade; Hindustan Unilever up 3%
The Sensex rose as much as 0.6 percent early on Wednesday with ICICI Bank, HUL and ITC leading the gains. The broader 50-share NSE index was up 0.5 percent to 5,275.40.
Shares of Hindustan Unilever surged over 3% to Rs 429 in early trade after the FMCG major reported a net profit of Rs 686.61 crore, up 20.63 percent for the fourth quarter ended March 31, 2012.
Shares of Tata Motors slipped over 2% to Rs 310.40 after the automaker reported a 7 percent fall in total sales, including exports, in April to 60,086 units from 64,383 units in the corresponding period of last year.
Pantaloon Retail Ltd dropped over 1% to hit its day's low of Rs 182.55 on reports that the Kishore Biyani-led Future Group will spin off the branded apparel business under Pantaloon Retail into a separate entity into which Aditya Birla Nuvo will infuse Rs 1,600 crore to acquire a controlling stake.
Shares of Future Capital Holdings tanked over 5% in early trade to hit their day's low of Rs 133.00.
At 9:20 a.m., the 30-share Sensex was trading 0.4% higher at 17,386.16 led by gains in ICICI Bank (up 0.8%), HUL (up 2.5%) and ITC (up 0.6%).
The BSE consumer durable index gained 1.2%, the BSE FMCG index advanced 1.2% and the BSE metal index rose 0.9%.
Top Sensex losers include Tata Motors, which was trading 2.1% lower at Rs 310.10, and ONGC, which was trading 0.8% lower.
Shares of Hindustan Unilever surged over 3% to Rs 429 in early trade after the FMCG major reported a net profit of Rs 686.61 crore, up 20.63 percent for the fourth quarter ended March 31, 2012.
Shares of Tata Motors slipped over 2% to Rs 310.40 after the automaker reported a 7 percent fall in total sales, including exports, in April to 60,086 units from 64,383 units in the corresponding period of last year.
Pantaloon Retail Ltd dropped over 1% to hit its day's low of Rs 182.55 on reports that the Kishore Biyani-led Future Group will spin off the branded apparel business under Pantaloon Retail into a separate entity into which Aditya Birla Nuvo will infuse Rs 1,600 crore to acquire a controlling stake.
Shares of Future Capital Holdings tanked over 5% in early trade to hit their day's low of Rs 133.00.
At 9:20 a.m., the 30-share Sensex was trading 0.4% higher at 17,386.16 led by gains in ICICI Bank (up 0.8%), HUL (up 2.5%) and ITC (up 0.6%).
The BSE consumer durable index gained 1.2%, the BSE FMCG index advanced 1.2% and the BSE metal index rose 0.9%.
Top Sensex losers include Tata Motors, which was trading 2.1% lower at Rs 310.10, and ONGC, which was trading 0.8% lower.
Monday, April 30, 2012
Indian Stock Market : Sensex ends above 17,300; TCS, DLF, Hero, Infosys up
The Sensex closed at
17,318.81, up 131.47 points, or 0.76 percent. It touched an intraday
high of 17,359.18 and a low of 17,195.51.
The Nifty ended at 5,248.15, up 39.15 points, or 0.75 percent. It touched an intraday high of 5,262.15 and a low of 5,201.45.
According to technical analysts, the market is rangebound with a positive bias. Selling activity seems to have been exhausted and in the next few sessions, if global cues remain supportive, the benchmarks might breach the intermediate resistance levels.
"We have a good chance of breaking above 5,275-5,280 if global markets support us. If these markets remain good for two days we might actually challenge them right away on Wednesday morning. Above 5,280, you might see markets gain some momentum and 5,350-5,370 is what I would look for in the upside," said Mitesh Thacker, Technical Analyst, miteshthacker.com.
The BSE Midcap Index was up 0.69 percent and the BSE Smallcap Index gained 0.57 percent.
Among sectoral indices, the BSE IT Index was up 2.37 percent, the BSE Oil & Gas Index advanced 1.05 percent, the BSE Realty Index gained 1.04 percent and the BSE Metal Index was up 0.89 percent. The BSE FMCG Index slipped 0.27 percent.
TCS (3.49%), Jindal Steel (3.41%), Infosys Technologies (2.75%), DLF (2.61%) and Hero MotoCorp (2.35%) were among the top Sensex gainers.
Goldman Sachs upgraded DLF to 'buy' from 'neutral'. It raised the target price of the stock to Rs 264 on expectations of a pickup in residential and commercial property sales.
Maruti Suzuki (1.95%), BHEL (1.94%), M&M (0.64%), ITC (0.61%) and HDFC (0.50%) were among the index losers.
Shares of Maruti Suzuki slipped after the company announced its quarterly results on Saturday. Its standalone net profit slipped to Rs 639 crore for the quarter ended March 2012 against Rs 659 crore in the same period a year ago. Net sales rose to Rs 11,486.36 crore for the March 2012 quarter against Rs 9,796.71 crore in the corresponding quarter a year ago.
Shares of BHEL were down on profit booking amid media reports that the Rajasthan Rajya Vidyut Utpadan Nigam scrapped tenders worth over Rs 12,000 crore for setting up mega power projects.
The market breadth was positive on the BSE with 1,173 gainers against 1,091 losers.
The Nifty ended at 5,248.15, up 39.15 points, or 0.75 percent. It touched an intraday high of 5,262.15 and a low of 5,201.45.
According to technical analysts, the market is rangebound with a positive bias. Selling activity seems to have been exhausted and in the next few sessions, if global cues remain supportive, the benchmarks might breach the intermediate resistance levels.
"We have a good chance of breaking above 5,275-5,280 if global markets support us. If these markets remain good for two days we might actually challenge them right away on Wednesday morning. Above 5,280, you might see markets gain some momentum and 5,350-5,370 is what I would look for in the upside," said Mitesh Thacker, Technical Analyst, miteshthacker.com.
The BSE Midcap Index was up 0.69 percent and the BSE Smallcap Index gained 0.57 percent.
Among sectoral indices, the BSE IT Index was up 2.37 percent, the BSE Oil & Gas Index advanced 1.05 percent, the BSE Realty Index gained 1.04 percent and the BSE Metal Index was up 0.89 percent. The BSE FMCG Index slipped 0.27 percent.
TCS (3.49%), Jindal Steel (3.41%), Infosys Technologies (2.75%), DLF (2.61%) and Hero MotoCorp (2.35%) were among the top Sensex gainers.
Goldman Sachs upgraded DLF to 'buy' from 'neutral'. It raised the target price of the stock to Rs 264 on expectations of a pickup in residential and commercial property sales.
Maruti Suzuki (1.95%), BHEL (1.94%), M&M (0.64%), ITC (0.61%) and HDFC (0.50%) were among the index losers.
Shares of Maruti Suzuki slipped after the company announced its quarterly results on Saturday. Its standalone net profit slipped to Rs 639 crore for the quarter ended March 2012 against Rs 659 crore in the same period a year ago. Net sales rose to Rs 11,486.36 crore for the March 2012 quarter against Rs 9,796.71 crore in the corresponding quarter a year ago.
Shares of BHEL were down on profit booking amid media reports that the Rajasthan Rajya Vidyut Utpadan Nigam scrapped tenders worth over Rs 12,000 crore for setting up mega power projects.
The market breadth was positive on the BSE with 1,173 gainers against 1,091 losers.
Indian Stock Market : Nifty ends near 5,250; TCS, Jindal Steel, PGC gain
The Nifty closed the day
at 5,247.55, up 38.55 points, or 0.74 percent. It touched an intraday
high of 5,262.15 and a low of 5,201.45.
The Sensex closed at 17,323.52, up 136.18 points, or 0.79 percent. It touched an intraday high of 17,359.18 and a low of 17,195.51.
The BSE Midcap Index was up 0.76 percent and the BSE Smallcap Index gained 0.54 percent.
Among sectoral indices, the BSE IT Index was up 2.50 percent, the BSE Oil & Gas Index advanced 1.09 percent, the BSE Realty Index gained 1.04 percent and the BSE Metal Index was up 1.01 percent. The BSE FMCG Index slipped 0.29 percent.
TCS (3.81%), Jindal Steel (3.73%), Power Grid Corporation (3.08%), Hero MotoCorp (2.91%) and Infosys Technologies (2.84%) were among the top Nifty gainers.
BHEL (2.27%), Maruti Suzuki (1.75%), Axis Bank (1.38%), Dr Reddy's Laboratories (1.09%) and SAIL (0.68%) were the among the index losers.
The Sensex closed at 17,323.52, up 136.18 points, or 0.79 percent. It touched an intraday high of 17,359.18 and a low of 17,195.51.
The BSE Midcap Index was up 0.76 percent and the BSE Smallcap Index gained 0.54 percent.
Among sectoral indices, the BSE IT Index was up 2.50 percent, the BSE Oil & Gas Index advanced 1.09 percent, the BSE Realty Index gained 1.04 percent and the BSE Metal Index was up 1.01 percent. The BSE FMCG Index slipped 0.29 percent.
TCS (3.81%), Jindal Steel (3.73%), Power Grid Corporation (3.08%), Hero MotoCorp (2.91%) and Infosys Technologies (2.84%) were among the top Nifty gainers.
BHEL (2.27%), Maruti Suzuki (1.75%), Axis Bank (1.38%), Dr Reddy's Laboratories (1.09%) and SAIL (0.68%) were the among the index losers.
Indian Stock Market : Sensex near 17,300; realty, tech, banks, power gain
At 10:00 a.m., the Sensex
was at 17,299.53, up 112.19 points, or 0.65 percent. It touched an
intraday high of 17,324.13 and a low of 17,195.51.
The Nifty was at 5,244, up 35 points, or 0.67 percent. It touched an intraday high of 5,251.25 and a low of 5,201.45.
The BSE Midcap Index was up 0.45 percent and the BSE Smallcap Index gained 0.68 percent.
Among sectoral indices, the BSE Realty Index was up 1.42 percent, the BSE IT Index advanced 1.36 percent, the BSE Bankex gained 1.10 percent and the BSE Power Index was up 0.77 percent. The BSE Auto Index slipped 0.48 percent.
Shares of Maruti Suzuki slipped after the company announced its quarterly results on Saturday. Its standalone net profit slipped to Rs 639 crore for the quarter ended March 2012 against Rs 659 crore in the same period a year ago. Net sales rose to Rs 11,486.36 crore for the March 2012 quarter against Rs 9796.71 crore in the corresponding quarter a year ago.
DLF (2.11%), TCS (1.93%), Infosys Technologies (1.76%), ICICI Bank (1.39%) and GAIL (1.12%) are among the top Sensex gainers.
Maruti Suzuki (2.23%), BHEL (2.11%), M&M (1.50%), Bajaj Auto (0.83%) and Jindal Steel (0.64%) are the among the index losers.
The market breadth was positive on the BSE with 1,021 gainers against 512 losers.
Asian markets are witnessing a mixed session. The Hang Seng gained 1.12 percent and the Seoul Composite moved 0.08 percent higher. The Taiwan Weighted slipped 0.14 percent and the Strait Times declined 0.21 percent.
The Nifty was at 5,244, up 35 points, or 0.67 percent. It touched an intraday high of 5,251.25 and a low of 5,201.45.
The BSE Midcap Index was up 0.45 percent and the BSE Smallcap Index gained 0.68 percent.
Among sectoral indices, the BSE Realty Index was up 1.42 percent, the BSE IT Index advanced 1.36 percent, the BSE Bankex gained 1.10 percent and the BSE Power Index was up 0.77 percent. The BSE Auto Index slipped 0.48 percent.
Shares of Maruti Suzuki slipped after the company announced its quarterly results on Saturday. Its standalone net profit slipped to Rs 639 crore for the quarter ended March 2012 against Rs 659 crore in the same period a year ago. Net sales rose to Rs 11,486.36 crore for the March 2012 quarter against Rs 9796.71 crore in the corresponding quarter a year ago.
DLF (2.11%), TCS (1.93%), Infosys Technologies (1.76%), ICICI Bank (1.39%) and GAIL (1.12%) are among the top Sensex gainers.
Maruti Suzuki (2.23%), BHEL (2.11%), M&M (1.50%), Bajaj Auto (0.83%) and Jindal Steel (0.64%) are the among the index losers.
The market breadth was positive on the BSE with 1,021 gainers against 512 losers.
Asian markets are witnessing a mixed session. The Hang Seng gained 1.12 percent and the Seoul Composite moved 0.08 percent higher. The Taiwan Weighted slipped 0.14 percent and the Strait Times declined 0.21 percent.
Indian Stock Market : Nifty seen opening higher, Maruti Suzuki eyed
The 50-share Nifty is
expected to open higher on Monday, tracking positive Asian markets,
while investors will keep a close eye on Maruti Suzuki after the country's largest car maker reported a decline in quarterly profits.
Maruti Suzuki India said its net profit declined by 3.04 percent to Rs 639.8 crore for the fourth quarter ended March 31, 2012, over the same period of the previous fiscal. The company's board recommended a dividend of 150 percent (Rs 7.50 per share of face value Rs 5 each) for 2011-12.
On Friday, US stocks advanced and posted their best weekly gains in a month on the back of stronger-than-expected earnings. The S&P 500 posted its best weekly percentage gain since March and the Nasdaq its best gain since February.
The Dow Jones Industrial Average was up 23.69 points, or 0.18 percent, at 13,228.31. The Standard & Poor's 500 Index was up 3.38 points, or 0.24 percent, at 1,403.36. The Nasdaq Composite Index was up 18.59 points, or 0.61 percent, at 3,069.20.
Asian shares inched higher on Monday as weaker-than-expected US growth data left open the possibility for more monetary stimulus from the Federal Reserve.
However, trading is likely to be subdued with the Japanese and Chinese markets closed for a holiday.
Hong Kong's Hang Seng was trading higher at 20,986.12, up 1.1%. South Korea's Kospi was trading 0.4% higher at 1,984.45.
At 08:00 a.m., Nifty India stock futures in Singapore were up 18 points at 5,209.00, indicating a positive opening in the domestic market.
Maruti Suzuki India said its net profit declined by 3.04 percent to Rs 639.8 crore for the fourth quarter ended March 31, 2012, over the same period of the previous fiscal. The company's board recommended a dividend of 150 percent (Rs 7.50 per share of face value Rs 5 each) for 2011-12.
On Friday, US stocks advanced and posted their best weekly gains in a month on the back of stronger-than-expected earnings. The S&P 500 posted its best weekly percentage gain since March and the Nasdaq its best gain since February.
The Dow Jones Industrial Average was up 23.69 points, or 0.18 percent, at 13,228.31. The Standard & Poor's 500 Index was up 3.38 points, or 0.24 percent, at 1,403.36. The Nasdaq Composite Index was up 18.59 points, or 0.61 percent, at 3,069.20.
Asian shares inched higher on Monday as weaker-than-expected US growth data left open the possibility for more monetary stimulus from the Federal Reserve.
However, trading is likely to be subdued with the Japanese and Chinese markets closed for a holiday.
Hong Kong's Hang Seng was trading higher at 20,986.12, up 1.1%. South Korea's Kospi was trading 0.4% higher at 1,984.45.
At 08:00 a.m., Nifty India stock futures in Singapore were up 18 points at 5,209.00, indicating a positive opening in the domestic market.
Indian Stock Market : Sensex off highs; BHEL, Maruti, Sterlite, Sun Pharma down
At 2:20 p.m., the Sensex
was at 17,254.56, up 67.22 points, or 0.39 percent. It has touched a
high of 17,359.18 and a low of 17,195.51 in trade so far.
The Nifty was at 5,224.45, up 15.45 points, or 0.30 percent. It has touched a high of 5,262.15 and a low of 5,201.45 in trade so far.
The BSE Midcap Index was up 0.15 percent and the BSE Smallcap Index gained 0.29 percent.
Among sectoral indices, the BSE IT Index was up 1.71 percent, the BSE Oil & Gas Index advanced 0.53 percent, the BSE Realty Index gained 0.43 percent and the BSE Power Index was up 0.40 percent. The BSE Healthcare Index slipped 0.61 percent and the BSE FMCG Index declined 0.15 percent.
TCS (3.02%), DLF (2.42%), Infosys Technologies (2.01%), Hero MotoCorp (1.77%) and Tata Power (1.01%) are among the top Senssex gainers.
Goldman Sachs upgraded DLF to 'buy' from 'neutral'. It raised the target price of the stock to Rs 264 on expectations of a pickup in residential and commercial property sales.
BHEL (2.14%), Maruti Suzuki (1.91%), M&M (1.12%), Sterlite Industries (0.85%) and Sun Pharmaceuticals (0.72%) were the among the index losers.
Shares of Maruti Suzuki slipped after the company announced its quarterly results on Saturday. Its standalone net profit slipped to Rs 639 crore for the quarter ended March 2012 against Rs 659 crore in the same period a year ago. Net sales rose to Rs 11,486.36 crore for the March 2012 quarter against Rs 9796.71 crore in the corresponding quarter a year ago.
Shares of BHEL were down on profit booking amid media reports that the Rajasthan Rajya Vidyut Utpadan Nigam scrapped tenders worth over Rs 12,000 crore for setting up mega power projects.
The market breadth was positive on the BSE with 1,351 gainers against 1,279 losers.
European markets opened on a positive note. The FTSE 100 was up 0.23 percent and the DAX advanced 0.27 percent. The CAC 40 slipped 0.75 percent.
The Nifty was at 5,224.45, up 15.45 points, or 0.30 percent. It has touched a high of 5,262.15 and a low of 5,201.45 in trade so far.
The BSE Midcap Index was up 0.15 percent and the BSE Smallcap Index gained 0.29 percent.
Among sectoral indices, the BSE IT Index was up 1.71 percent, the BSE Oil & Gas Index advanced 0.53 percent, the BSE Realty Index gained 0.43 percent and the BSE Power Index was up 0.40 percent. The BSE Healthcare Index slipped 0.61 percent and the BSE FMCG Index declined 0.15 percent.
TCS (3.02%), DLF (2.42%), Infosys Technologies (2.01%), Hero MotoCorp (1.77%) and Tata Power (1.01%) are among the top Senssex gainers.
Goldman Sachs upgraded DLF to 'buy' from 'neutral'. It raised the target price of the stock to Rs 264 on expectations of a pickup in residential and commercial property sales.
BHEL (2.14%), Maruti Suzuki (1.91%), M&M (1.12%), Sterlite Industries (0.85%) and Sun Pharmaceuticals (0.72%) were the among the index losers.
Shares of Maruti Suzuki slipped after the company announced its quarterly results on Saturday. Its standalone net profit slipped to Rs 639 crore for the quarter ended March 2012 against Rs 659 crore in the same period a year ago. Net sales rose to Rs 11,486.36 crore for the March 2012 quarter against Rs 9796.71 crore in the corresponding quarter a year ago.
Shares of BHEL were down on profit booking amid media reports that the Rajasthan Rajya Vidyut Utpadan Nigam scrapped tenders worth over Rs 12,000 crore for setting up mega power projects.
The market breadth was positive on the BSE with 1,351 gainers against 1,279 losers.
European markets opened on a positive note. The FTSE 100 was up 0.23 percent and the DAX advanced 0.27 percent. The CAC 40 slipped 0.75 percent.
Indian Stock Market : Sensex gains 0.8 pct in early trade; Maruti Suzuki down 2%
The BSE Sensex rose as much as 0.8 percent early on Monday with TCS, Infosys and HDFC Bank leading the gains. The broader 50-share NSE index was up 0.7 percent to 5,244.20.
Shares of Maruti Suzuki slipped 2% in early trade after the car maker reported a 3.04 percent decline in quarterly net profits to Rs 639.8 crore for the fourth quarter ended March 31, 2012, over the same period of the previous fiscal.
At 9:20 a.m., the 30-share BSE index was trading 0.6% higher at 17,051.16 points led by gains in TCS (1.5%), Infosys (1.2%) and HDFC Bank (0.7%).
The BSE PSU index gained 1.3%, the BSE realty index surged 0.7% and the BSE metal index was up 0.72%.
Top Sensex losers include BHEL, which was trading 2% lower at Rs 224.60, and Bajaj Auto Ltd, which was trading at Rs 1,582.55, down 0.3%.
Shares of Maruti Suzuki slipped 2% in early trade after the car maker reported a 3.04 percent decline in quarterly net profits to Rs 639.8 crore for the fourth quarter ended March 31, 2012, over the same period of the previous fiscal.
At 9:20 a.m., the 30-share BSE index was trading 0.6% higher at 17,051.16 points led by gains in TCS (1.5%), Infosys (1.2%) and HDFC Bank (0.7%).
The BSE PSU index gained 1.3%, the BSE realty index surged 0.7% and the BSE metal index was up 0.72%.
Top Sensex losers include BHEL, which was trading 2% lower at Rs 224.60, and Bajaj Auto Ltd, which was trading at Rs 1,582.55, down 0.3%.
Sunday, April 29, 2012
Indian Stock Market : M-cap of top 7 firms dips Rs 28,760 crore; SBI biggest loser
MUMBAI: Led by SBI, seven of the 10 most valued Sensex companies saw a dip of Rs 28,760 crore in their combined market capitalisation (m-cap) in last week's trading.
The country's top, state-owned lender SBI shed Rs 8,217 crore from its m-cap which was Rs 1,35,321 crore on Saturday.
Coal India's value dropped Rs 7,200 crore to Rs 2,21,799 crore, becoming the second biggest loser in the list.
Bharti Airtel shed Rs 6,512 crore from its m-cap, which stood at Rs 1,16,584 crore, while NTPC's value diminished Rs 2,515 crore to Rs 1,33,947 crore.
ONGC lost Rs 1,968 crore in value to reach Rs 2,25,736 crore; HDFC Bank - Rs 1,805 crore at Rs 1,27,353 crore and Infosys - Rs 543 crore at Rs 1,37,631 crore.
In contrast, RIL, TCS and ITC saw spurt in their m-cap. TCS was the biggest gainer as its m-cap advanced by Rs 22,224 crore to reach Rs 2,35,443 crore, while RIL's value jumped Rs 2,767 crore at Rs 2,42,283 crore and ITC added Rs 1,134 crore to its valuation which was Rs 1,92,919 crore.
Last week, TCS posted a healthy 21.9 per cent rise in net profit for 2011-12 at Rs 10,638.2 crore and said it is on track to outperform the industry revenue growth of 11-14 per cent set by industry body Nasscom for 2012-13.
It also became the first Indian IT company to cross the 10 billion dollar milestone, posting annual revenues of USD 10.17 billion in 2011-12.
Shares of the company soared over 10 per cent last week. RIL was at the top position, followed by TCS which toppled CIL to grab the second position. ONGC was at third spot, followed by ITC, SBI, Infosys, NTPC, HDFC Bank and Bharti in that order.
During the week, the BSE benchmark index Sensex fell by 1 per cent to 17,187.34.
The country's top, state-owned lender SBI shed Rs 8,217 crore from its m-cap which was Rs 1,35,321 crore on Saturday.
Coal India's value dropped Rs 7,200 crore to Rs 2,21,799 crore, becoming the second biggest loser in the list.
Bharti Airtel shed Rs 6,512 crore from its m-cap, which stood at Rs 1,16,584 crore, while NTPC's value diminished Rs 2,515 crore to Rs 1,33,947 crore.
ONGC lost Rs 1,968 crore in value to reach Rs 2,25,736 crore; HDFC Bank - Rs 1,805 crore at Rs 1,27,353 crore and Infosys - Rs 543 crore at Rs 1,37,631 crore.
In contrast, RIL, TCS and ITC saw spurt in their m-cap. TCS was the biggest gainer as its m-cap advanced by Rs 22,224 crore to reach Rs 2,35,443 crore, while RIL's value jumped Rs 2,767 crore at Rs 2,42,283 crore and ITC added Rs 1,134 crore to its valuation which was Rs 1,92,919 crore.
Last week, TCS posted a healthy 21.9 per cent rise in net profit for 2011-12 at Rs 10,638.2 crore and said it is on track to outperform the industry revenue growth of 11-14 per cent set by industry body Nasscom for 2012-13.
It also became the first Indian IT company to cross the 10 billion dollar milestone, posting annual revenues of USD 10.17 billion in 2011-12.
Shares of the company soared over 10 per cent last week. RIL was at the top position, followed by TCS which toppled CIL to grab the second position. ONGC was at third spot, followed by ITC, SBI, Infosys, NTPC, HDFC Bank and Bharti in that order.
During the week, the BSE benchmark index Sensex fell by 1 per cent to 17,187.34.
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