Deputy Editor, India Online, New Delhi
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Feb 17, 2011
via Money on the markets

Banking index gains 1.5 pct

It was a good day for banking counters, as the banking index ended with gains of 1.5 percent in a Mumbai market that ended 200 points higher.

HDFC Bank was the top gainer in the index, ending up 4.15 percent, followed by IndusInd Bank which gained 2.4 percent. Federal Bank was the only stock in the index which ended in red.

Feb 16, 2011
via Money on the markets

Unitech shares jump more than 9 pct

Shares in Unitech, one of India’s leading real estate firms, rose 9.3 percent to close at 38.2 rupees, after a sell-off amid allegations that the firm was among those who were favoured in 2G licence grants in 2008.

On Tuesday, the CBI questioned Unitech’s MD as part of a probe into the alleged telecoms corruption scandal.

Feb 14, 2011
via Money on the markets

Mahindra Satyam shares jump on earnings

Software services exporter Mahindra Satyam jumped 11.7 percent to 64.65 rupees after the firm reported its third quarter net profit, which more than doubled from a quarter ago.

The company also said that it put a planned merger with its parent firm, Tech Mahindra, on hold.

Feb 2, 2011
via Money on the markets

BSE Power index falls

The BSE Power index fell 1.3 percent on Wednesday to end as one the top sectoral losers, as the broader market ended marginally higher.

Shares in JSW Steel dropped nearly 3 percent and ended as the top loser in the index. BHEL and NTPC shares lost more than 2.5 percent.

Feb 2, 2011

Equity funds record worst monthly fall in over 2 years

NEW DELHI (Reuters) – Diversified stock funds mirrored losses in benchmark index in January with unit values recording their worst monthly performance since October 2008, data from global fund tracker Lipper showed.

Such funds, which form the largest category of equity schemes by number and assets, posted an average drop of 9.8 percent in the month, compared with a 10.6 percent fall in the 30-share benchmark Sensex.

Feb 2, 2011

Stock funds record worst monthly fall in over 2 yrs

NEW DELHI, Feb 2 (Reuters) – India’s diversified stock
funds mirrored losses in the benchmark index in January with
unit values recording their worst monthly performance since
October 2008, data from global fund tracker Lipper showed.

Such funds, which form the largest category of equity
schemes by number and assets, posted an average drop of 9.8
percent in the month, compared with a 10.6 percent fall in the
30-share benchmark Sensex .BSESN.

Feb 1, 2011
via Money on the markets

Realty stocks struggle, Unitech falls 10.6 pct

Shares in Unitech, one of India’s leading real estate firm, fell 10.6 percent on Tuesday to close at 43.05 rupees. The stock ended as the top loser in the BSE Realty Index.

Rival DLF shares ended 1.4 pct lower. DLF said it was cautious on the near-term outlook as rising interest rates could weigh on demand after the firm reported a marginal drop in quarterly earnings.

Jan 27, 2011
via Money on the markets

Bad day for banking stocks

It was not a good day for banking counters, as the markets slipped more than 250 points in Thursday. State Bank of India and ICICI Bank dropped nearly 1 percent and 2.1 percent respectively, while HDFC Bank closed 1.7 percent lower. Financials led the decline in the markets, as expectations for another rate increase in the next two months after the RBI’s recent move weighed on sentiments. Is this the right time to enter banking stocks?
Jan 24, 2011
via Money on the markets

ICICI Bank ends up 1.7 pct

Shares in ICICI Bank, India’s top private lender, gained 1.7 percent on Monday, as the bank said that its Q3 net profit rose more than 30 percent.

This was the bank’s strongest pace of growth in three quarters.

ICICI Bank Chief Executive Chanda Kochhar said that the bank expected “at least” 20 percent credit growth in 2011/12 compared with an expected 18 percent growth in the fiscal year ending on March 31.

Jan 20, 2011
via Money on the markets

RIL shares fall

Shares in Reliance Industries, India’s top listed firm, ended down 1.2 percent to close at 969.75 rupees on Thursday, as the BSE oil & gas index ended down 1.5 percent.

The shares have fallen significantly since November, when they were trading above 1100 rupees.

    • About Aditya

      "Aditya drives content strategy for the Reuters.com India edition. As deputy editor of the news desk, he jointly oversees the 10-member team in New Delhi that delivers real-time news to Reuters media clients, web audiences and social media networks. Aditya joined Reuters in July 2008 and is now closely involved in developing the website’s India Insight platform, where he writes and edits stories on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityayk"
      Joined Reuters:
      July 2008
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