Deputy Editor, India Online, New Delhi
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Jun 21, 2010
via Money on the markets

Metal counters post gains after yuan move

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Metal stocks jumped on Monday, boosted by China’s move to make the yuan exchange rate more flexible.

Prices of industrial metals jumped in London as China’s pledge on the yuan raised hopes of stronger demand growth in China.

Jun 19, 2010
via Money on the markets

SEBI nod not needed for ULIPs: Would you invest now?

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The finance ministry on Saturday said life insurers could sell unit-linked insurance plans without seeking a nod from the Securities and Exchange Board of India (SEBI).

This ends a spat between regulators over the much sought after product. Under the law, such orders issued when parliament is not in session must be confirmed by lawmakers in their next sitting.

Jun 18, 2010
via Money on the markets

Metals stocks struggle in trade

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Metal counters ended the week on a negative note with the sectoral index slipping 1.18 percent, the worst among all sectors.

Sterlite Industries fell 2.3 percent, as Shanghai copper fell more than 1 percent, following a 3.1-percent tumble in London prices.

Jun 17, 2010
via Money on the markets

L&T shares jump 3.3 percent

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Shares in engineering and construction company Larsen & Toubro rose more than 3 percent on Thursday on improving outlook in the backdrop of a rapidly expanding economy.

The stock, which also ended as the top Sensex gainer, has gained 9 percent this month.

Jun 16, 2010
via Money on the markets

MMTC shares drop 4.1 percent

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Shares in state-run trading firm MMTC fell 1,412 rupees to 33,064 rupees, after rallying nearly 21 percent in the previous session.

The stock had jumped to 34,476.60 rupees on Tuesday after the firm said it would consider a bonus issue and stock split on June 29.

Jun 15, 2010
via Money on the markets

Real estate index tops sectoral gainers

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Tuesday turned out to be a good day for real estate counters, with the sectoral index rising 2.6 percent, and all but one component closing positive.

Shares in HDIL jumped nearly 5 percent to end as the top gainer in the index. Bigger players like DLF and Unitech rose nearly 3 percent each.

Jun 14, 2010
via Money on the markets

IT stocks post gains

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Shares in software services firms rose on Monday on heavy investor interest, helped by global recovery and improving order visibility.

The BSE IT Index jumped 3.7 percent with shares in top firms TCS and Infosys gaining 2.85 percent and 4.3 percent respectively. Infosys also ended as the top Sensex gainer.

Jun 4, 2010
via Money on the markets

Mixed luck for realty stocks

It was mixed luck for the realty sector at the markets on Friday, with some counters making good gains and some stalwarts closing in the red.

Puravankara and Parsvnath Developers rose over 7 percent and 4 percent respectively, while Indiabulls Real Estate, Unitech and Ansal Properties closed in the red, capping gains in the sectoral index which closed just 0.4 percent up.

Jun 3, 2010
via Money on the markets

Good day for banking stocks

The BSE Banking index closed 2 percent higher on Thursday while the broader market ended 1.6 pct marginally over the 17,000 mark.

HDFC Bank ended 2.7 pct higher, Axis Bank gained 3.4 pct while SBI shares rose 1.2 pct up.

Jun 3, 2010

Indian summer for consumer goods, pharma funds in May

NEW DELHI (Reuters) – Stock funds that invest in consumer goods and pharma sectors led mutual fund gainers in May, while diversified equity funds fell in line with the benchmark as key stock indices dropped on euro zone worries.

Funds which focus on investing in the consumer goods space returned an average 2.47 percent during the month, as the BSE FMCG index rose 3.57 percent, outperforming the BSE Sensex that fell 3.5 percent, data from global fund tracker Lipper showed.

    • 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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