Tracking Sensex: Top five gainers, losers this week
The BSE Sensex ended above the 20,000 mark on Friday after gaining 2.6 percent in the last five trading sessions. The index has now risen for four straight weeks. Here are the top five Sensex gainers and losers of the week:
GAINERS
Tata Motors: The automaker’s stock surged 8.15 percent in the week ending May 10, making it the best Sensex performer. Though the stock is still flat in 2013, it has gained nearly 15 percent since April. However, Ambareesh Baliga of Edelweiss Financial Services advises caution: “Tata Motors’ overdependence on Jaguar Land Rover (JLR) to negate the Indian underperformance makes it a risky investment at this juncture especially in view of lower margins at JLR”
I’m an Indian politician… on TV
(Any opinions expressed here are those of the author, and not necessarily those of Thomson Reuters Corp)
Are they parliamentarians, or do they just play ones on TV? After pushing through proposals on foreign investment in the retail and the aviation sector late last year, India’s elected representatives apparently have decided to get as little done as possible during the current session.
Diversified equity funds rise in April, gold ETFs struggle
NEW DELHI (Reuters) – India’s diversified stock mutual funds outperformed the broader market marginally in April, with high exposure to financial services stocks supporting unit values, data from fund tracker Lipper showed.
Hopes that India’s current account deficit would narrow after commodity prices eased in April boosted shares, with the BSE Sensex rising 3.5 percent to its highest close in 1-1/2 months.
India stock funds rise in April, gold ETFs struggle
NEW DELHI, May 2 (Reuters) – India’s diversified stock
mutual funds outperformed the broader market marginally in
April, with high exposure to financial services stocks
supporting unit values, data from fund tracker Lipper showed.
Hopes that India’s current account deficit would narrow
after commodity prices eased in April boosted Indian shares,
with the benchmark index rising 3.5 percent to its
highest close in 1-1/2 months.
Delhi rape case reignites police reform debate
(Any opinions expressed here are those of the author and not necessarily of Reuters)
I live in India’s rape capital where rape cases are as common as power cuts used to be a few years ago. Even reports of police misbehaviour have become routine.
Equity diversified funds post worst quarter in five
NEW DELHI (Reuters) – India’s diversified stock funds posted their worst quarterly performance in over a year as fund managers’ bets on small- and mid-cap shares and sectors like capital goods dented unit values, data from fund tracker Lipper showed.
Such funds fell 7.5 percent on average during the three-month period that ended in March, underperforming the Sensex’s drop of 3 percent by a wide margin, and registering their worst quarterly show since Oct-Dec 2011. In March, the funds registered a drop of 1.34 percent.
India stock funds post worst quarter in five; outlook cautious
NEW DELHI, April 2 (Reuters) – India’s diversified stock
funds posted their worst quarterly performance in over a year as
fund managers’ bets on small- and mid-cap shares and sectors
like capital goods dented unit values, data from fund tracker
Lipper showed.
Such funds fell 7.5 percent on average during the
three-month period that ended in March, underperforming the
benchmark index’s drop of 3 percent by a wide margin,
and registering their worst quarterly show since Oct-Dec 2011.
In March, the funds registered a drop of 1.34 percent.
Anti-rape bill goes easy on first-time stalkers, but only if innocent
(Any opinions expressed here are those of the author and not necessarily of Reuters)
Women have become increasingly worried about their safety in New Delhi after the gang rape and torture of a young woman aboard a moving bus last December. Not for nothing do people call the city India’s rape capital. Beyond the leers and the crass words that men often direct at women walking on the street, fresh fears have arisen over stalkers.
Chidambaram’s ‘Hangout’ debut: learning from Modi, a lesson for others
(Any opinions expressed here are those of the author, and not necessarily of Thomson Reuters)
P. Chidambaram’s budget announcements might not have pleased everyone, but the finance minister has done reasonable work in the recent months to improve market sentiment and shed the ruling coalition’s “business as usual” image.
Equity diversified funds post worst month since Nov 2011
NEW DELHI (Reuters) – India’s diversified equity mutual funds posted their worst performance in more than a year in February, dragged down by poor returns in financials and mid- and small-caps, according to data from fund tracker Lipper.
Such funds fell 6.7 percent on average last month, under-performing the 5.2 percent fall in the BSE Sensex, and marking their worst performance since November 2011.
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