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Jun 2, 2011

Capital goods help equity funds in May; bank funds struggle

NEW DELHI (Reuters) – Diversified equity funds managed to perform better than the broader market in May, as exposure to sectors like capital goods and healthcare helped unit values.

Such funds, which form the largest category of equity funds by number and assets, fell 2.4 percent during the month, compared to a 3.3 percent fall in the BSE Sensex, data from Lipper, a Thomson Reuters company, showed.

May 31, 2011
via Money on the markets

Bankex up over 2 percent

The BSE Banking index gained more than 2 percent on Tuesday as the overall market ended firm after gaining over 250 points.

HDFC Bank shares rose more than 3 percent and ended as the top gainer in the index, followed by SBI which gained over 2.5 percent.

May 26, 2011
via Money on the markets

PF account access online – a model to follow?

With a 9.5 percent interest rate and attached tax benefits, provident fund (PF) is perhaps one of the most favoured investment avenues for salaried individuals.

If you have been working for a few years, you would have accumulated a decent balance by now. But can you instantly access your latest PF balance, accumulated interest and check whether your employer has been making regular contributions or not?

May 25, 2011
via Money on the markets

L&T shares fall over 2 pct

Shares in Larsen & Toubro fell 2.2 percent on Wednesday as the overall market remained weak and ended down over 150 points.

RBS on Friday raised its rating on Larsen & Toubro to “buy” from “hold”, calling it the “best play on the broad-based longer-term capex story”. It also raised the price target on the stock to 1,854 rupees from 1,800 earlier.

May 23, 2011
via Money on the markets

Bad day for banking stocks

It was a weak day of trade for banking counters as the BSE Bankex ended down 2.85 percent.

All stocks in the index ended in red, with Canara Bank ending as the top loser with losses of over 4 percent. Top banks like ICICI dropped 3.6 percent while SBI slipped nearly 3 percent.

May 20, 2011
via Money on the markets

RIL shares rise 0.7 pct

Shares in RIL, India’s top listed firm, gained 0.7 percent in trade on Friday to close at 921.4 rupees.

The stock has been stuggling in 2011, mainly on concerns over decline in gas output from its blocks off India’s east coast.

May 19, 2011
via Money on the markets

L&T shares soar after results

Shares of L&T surged and closed 6 percent higher on Thursday after the firm reported a good set of quarterly numbers.

Gains in the stock also helped the BSE Capital Goods index post gains of 2.82 percent.

May 18, 2011
via Money on the markets

BSE Auto index falls 1 pct

Auto stocks struggled in trade on Wednesday, with stocks like Tata Motors falling more than 3 percent.

Shares of automobile companies are struggling on worries that high fuel prices may slow down demand for vehicles in India, the world’s
second-fastest growing auto market. 

May 17, 2011
via Money on the markets

SBI shares fall sharply after results

Shares in India’s largest lender SBI fell 7.7 percent to  2413.6 rupees and ended as the top loser in BSE Banking index and Sensex.

Shares fell after the bank posted an unexpected plunge in net profit for Q4, slammed by higher provisions, operating costs and taxes.

May 16, 2011
via Money on the markets

BSE Oil & Gas index ends down

The BSE Oil & Gas index slipped 1 percent in trade on Monday, with stocks like ONGC falling 2.3 percent. ONGC ended as the top loser in the index.

Shares of oil marketing firms like BPCL, HPCL and IOC ended in the green. Shares of these firms were in the green in early trade, but ended the day in red.

    • About Aditya

      "Aditya is part of the India politics, economy and general news team at the Reuters bureau in New Delhi. After joining Reuters in July 2008, Aditya spent nearly six years managing content and writing for the India edition. During 2013-14, he was closely involved in developing the website's India Insight platform, writing on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityakalra"
      Joined Reuters:
      July 2008
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