Deputy Editor, India Online, New Delhi
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Jul 28, 2010
via Money on the markets

Oil & gas index dragged lower by RIL


The BSE Oil & Gas Index closed as the top sectoral loser on Wednesday, falling 1.92 percent mainly on losses in Reliance Industries which saw brokerage downgrades.

Shares of Reliance Industries fell 3 percent after brokerages such as Edelweiss, Motilal Oswal and IIFL downgraded the firm saying the company would take longer to increase gas production at the KG-D6 block.

Jul 11, 2010
via The Great Debate (India)

Mediclaim cashless facility withdrawn for top hospitals


There is some bad news for people who have bought cashless health insurance policies.

Media reports say many insurance companies providing cashless health insurance have stopped direct payment of treatment charges to 150-odd high-end hospitals in New Delhi and surrounding areas from July 1.

Jul 9, 2010
via Money on the markets

Infosys shares hit record high

Shares in Infosys Technologies, India’s second-largest outsourcer, rose as much as nearly 2 percent to a record high of 2,882 rupees on Friday on optimism about quarterly earnings next week.

The company unveils its quarterly earnings on June 13. Its earnings are often dubbed as a trendsetter for sectoral peers.

Jul 8, 2010
via Money on the markets

Shares of oil marketing firms jump


Oil marketing firms posted decent gains on Thursday, with BPCL’s 5.6 percent rise vaulting it to the top of the gainers list in the BSE Oil & Gas Index.

Other firms like IOC, the country’s biggest oil retailer, rose 2.2 percent, while HPCL and Essar Oil ended 3.5 percent and 2.6 percent higher respectively.

Jul 7, 2010
via Money on the markets

Oil and gas counters slip in trade


It was a weak day of trade for energy counters which saw the BSE Oil & Gas Index topping the list of sectoral losers with a 1.7 percent fall.

Weighing on the sectoral index and the Sensex was Reliance Industries which fell 1.8 percent to 1052 rupees.

Jul 6, 2010
via Money on the markets

IT counters post decent gains

The BSE IT Index gained 1.7 percent on Tuesday as expectations of revenue growth for the June quarter pushed up export-focused outsourcing firms.

All stocks in the IT index, except Mphasis, closed in positive territory, with Rolta India leading the list of gainers with a jump of 4.1 percent.

Jul 5, 2010
via Money on the markets

BSE Oil & Gas Index tops sectoral losers


The BSE Oil & Gas index ended 0.8 percent lower on Monday with all but one of its constituent stocks closing in the red.

The big mover of the day was Reliance Natural, which dropped 27.2 percent after a deal to fold into sister firm Reliance Power valued the company at a steep discount to its market capitalisation on Friday.

Jul 4, 2010
via Money on the markets

Sensex H1 performance


India’s benchmark stock index did reasonably well in the first half of 2010 as compared to its emerging market peers. The Sensex gained 1.4 percent during the period, and outperformed China’s Shanghai Composite Index and Brazil’s Bovespa which declined 9.6 percent and 26.8 percent respectively.

Shares in Reliance Industries, India’s top listed firm which has the heaviest weight in the index, barely changed during the period, but a Supreme Court ruling on a gas dispute and Ambani brothers reconciliation kept the company in focus.

Jun 30, 2010
via Money on the markets

ITC shares jump 2.6 pct

Shares in cigarette-to-hotel business chain ITC rose 2.6 percent on Wednesday to top the list of Sensex gainers on better earnings expectations.

The stock, which closed at 304.75 rupees, was among the big gainers on the BSE FMCG Index which topped the sectoral list with a rise of 1.9 percent.

Jun 29, 2010
via Money on the markets

MMTC announces share bonus and split


The board of MMTC approved a 10-for-1 stock split and a 1-for-1 bonus share issue on Tuesday.

Shares in the state-run trading firm ended down 1.8 percent at 31,943 rupees, with volumes of 16,164 shares.

    • About Aditya

      "Aditya drives content strategy for the 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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