Auto stocks struggled in trade on Friday, as stocks like Exide Industries, M&M and Maruti Suzuki fell, pushing the sectoral index down 2 percent.
Exide Industries ended down 4.6 percent as the top loser in the auto index, followed by M&M which dropped 3.3 percent.
NEW DELHI (Reuters) – Diversified stock funds lagged the Sensex in February, as exposure to mid- and small-cap shares and sectors like capital goods hurt net asset values.
Diversified funds fell 4.66 percent on an average during the month, compared with a 2.75 percent fall in the benchmark, data from global fund tracker Lipper, a Thomson Reuters company, showed.
NEW DELHI, March 3 (Reuters) – India’s diversified stock
funds lagged the benchmark index .BSESN in February, as
exposure to mid- and small-cap shares and sectors like capital
goods hurt net asset values.
Diversified funds fell 4.66 percent on an average during
the month, compared with a 2.75 percent fall in the benchmark,
data from global fund tracker Lipper, a Thomson Reuters
Here are the current income tax slabs, applicabl for financial year 2011-2012. Watch this space for latest updates on income tax slabs in Budget 2011.
For a illustration of tax calculation for FY2011, click http://tinyurl.com/newtaxslabs
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.
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.
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.
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.
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.