Online Producer, New Delhi
Aditya's Feed
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

Photo

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

Photo

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.

Aug 18, 2010
via Money on the markets

BSE IT index gains nearly 2 pct

IT stocks posted decent gains on Wednesday, pushing the sectoral index up nearly 2 percent as robust profits from U.S. retailing giants boosted confidence in the corporate outlook in the world’s largest economy.

Mphasis topped the BSE IT Index with a 3.8 percent gain, followed by HCL Tech which rose 3.1 percent. Bigger players like TCS and Infosys posted gains of 2.1 percent and 1.92 percent respectively.

Aug 17, 2010
via Money on the markets

Banking stocks shine in weak market

Photo

The BSE Banking Index outperformed other indices on Tuesday, gaining nearly 1 pct in a flat Mumbai market, with stocks like Bank of Baroda and IDBI posting good gains.

Optimism over loan demand in a growing economy is helping banking stocks, but rising interest rates is a concern as this could push up costs for manufacturers and tighten their margins.

Aug 16, 2010
via Money on the markets

Sesa Goa shares fall nearly 9 percent

Sesa Goa, India’s largest iron ore exporter, saw its shares fall 8.9 percent on Monday to 322.55 rupees as it ended as the top loser in the BSE Metals Index.

India-focused miner Vedanta said on Monday it would hold 31-40 percent of Cairn India directly while Vedanta-controlled Sesa Goa would hold 20 percent.

Aug 6, 2010
via Money on the markets

Weak day for banking stocks

Photo

The BSE Banking index ended down 0.6 percent on Friday as the top sectoral loser, with all but one stock in the index ending the day in red.

Top losers included Federal Bank, which slipped 2.3 percent and IDBI, which ended down 1.4 percent. Shares in SBI, India’s top lender, ended down 1 percent.

Aug 5, 2010
via Money on the markets

Realty stocks jump, Phoenix Mills gains 6.4 pct

Photo

Thursday proved to be a good day for realty counters with many, including Unitech, posting decent gains.

The star performer in the index was Phoenix Mills, which gained 6.4 percent.

Unitech, one of India’s top listed real estate firms, rose 2.8 percent while rival DLF ended marginally in the green.

Aug 4, 2010
via Money on the markets

Good day for technology counters

Photo

Technology shares rose on Wednesday as Indian firms cheered robust results and guidance from U.S. peer Cognizant Technology Solutions.

Cognizant on Tuesday reported a profit that topped market estimates for the sixth straight quarter, helped by a surge in discretionary projects, and also raised its 2010 revenue outlook.

    • 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 Reuters.com 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
    • Contact Aditya

    • Follow Aditya