Deputy Editor, India Online, New Delhi
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Sep 8, 2010
via Money on the markets

ACC shares gain 3 percent

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ACC shares clocked a second day of gains on Wednesday, closing 3 percent up to top the list of Sensex gainers.

On Tuesday, cement manufacturers had closed higher on hopes of better dispatches post monsoon and product price hikes in the near term, dealers had said.

Sep 6, 2010
via Money on the markets

Metal stocks rally

The BSE Metals Index gained 3.4 percent and ended as the top sectoral gainer, with firm metal prices in Shanghai and London pushing the metal makers higher.

Hindalco shares gained 4.8 percent on its chairman’s Friday comments that the company planned to spend $2.1 billion in the current financial year.

Aug 27, 2010
via Money on the markets

Are you happy with the direct tax code?

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The much-awaited direct tax code bill, aimed at simplifying the country’s archaic direct tax laws, was passed by the cabinet on Thursday, with new income tax slabs being proposed for individuals.

Though these slabs will put some extra money in taxpayers’ pockets as compared to existing slabs, the original slabs proposed in the first draft of the direct tax code have been diluted.

Aug 26, 2010
via Money on the markets

FMCG index up 1.1 pct

Shares in FMCG index posted decent gains on Thursday, with stocks like Nestle India gaining 3.7 percent and ending as top gainer in the index.

Ruchi Soy gained 3.15 percent, while Godrej Consumer Products gained 1.8 percent.

Aug 25, 2010
via Money on the markets

Realty stocks tumble

It was a tough day for real estate counters as the sectoral index dropped more than 3 percent and ended as the top loser among BSE indices.

All but one stock in the index closed in red, with Orbit Corp shares ending down 5 percent as the top loser. Indiabulls Real Estate slipped 3.8 percent.

Aug 24, 2010
via Money on the markets

Weak day for banking counters

The BSE Banking index ended down 0.5 percent on Tuesday, with stocks such as Union Bank, Canara Bank and Oriental Bank of Commerce slipping more than 3 percent.

Bigger players like ICICI slipped 0.9 percent but SBI bucked the trend and gained 0.8 percent in the session.

Aug 23, 2010
via Money on the markets

Oil marketing firms rally

Shares in oil marketing firms like BPCL, HPCL and IOC surged on Monday, helping the BSE Oil & Gas index close marginally in positive.

Shares of such firms rose amid reports that companies have received subsidy from the government to ease selling losses and on expectations that the government may deregulate diesel prices soon.

Aug 23, 2010

IFCI’s new infra bonds can help save additional tax

NEW DELHI (Reuters) – The initial response to IFCI’s infrastructure bonds has been good, a company official said, with additional tax-saving incentive making them an attractive option for investors.

Such bonds, proposed by Finance Minister Pranab Mukherjee in his 2010 budget speech, can help save additional tax under Section 80CCF of the Income Tax Act for an investment of up to 20,000 rupees.

Aug 20, 2010
via Money on the markets

Realty stocks gain in weak market

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Realty counters posted decent gains in Friday trade, pushing the realty index up 1.8 percent in a weak Mumbai market that closed 53 points lower.

Sobha Developers topped the index with gains of 4 percent, followed by DLF, India’s top listed realty firm, which closed 3.55 percent up. Unitech shares ended 1.5 percent higher.

Aug 19, 2010
via Money on the markets

HDFC Bank shares at all-time high

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HDFC Bank, India’s second-largest private bank, rose as much as 2.4
percent to an all-time high of 2,240 rupees during trade on Thursday,
before closing 1.95 percent higher.

It was a good day for financial stocks overall, which rose on the back of rising FII inflows who have been lured by 8.5 percent economic growth forecast this year.

    • 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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