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from India Insight:

Markets this week: Infosys, Sesa Sterlite top Sensex losers

The BSE Sensex closed in the red twice this week, eventually ending with losses of 0.5 percent. The week began with the benchmark index touching an all-time high of 22,023.98 points in trade on Monday, aided by strong foreign buying.

Shares retreated from record highs as investors booked profits and by Friday, some caution was setting in about the pace of recent gains.

Key economic data released this week showed prices cooling as wholesale and consumer inflation eased and industrial output rose slightly, raising hopes that the Reserve Bank of India would leave its key interest rate unchanged at its policy meet in April.

In the currency market, the rupee fell 0.2 percent for the week, snapping a two-week winning streak.

from India Insight:

Analysts remain positive on India’s IT stocks after 2013 rally

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India's information technology services businesses will continue to benefit from improving client demand from developed countries in 2014, pushing stocks higher after a stellar performance last year, analysts told India Insight.

India’s No. 1 IT services exporter Tata Consultancy Services (TCS) and its rival Infosys beat analysts’ expectations in their financial results that were released earlier this month. They also raised their sales growth forecasts on signs of improving economies in the United States and Europe.

from India Insight:

Markets this week: Sensex up 1.5 percent; BHEL, Infosys jump 5 percent

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By Ankush Arora and Aditya Kalra

The BSE Sensex gained 1.5 percent this week, its first weekly gain in 2014, as easing headline inflation data raised hopes the Reserve Bank of India would keep interest rates unchanged at its Jan. 28 meet.

Headline inflation eased to a five-month low of 6.16 percent in December on lower prices of vegetables. This was the slowest pace of growth since July 2013 and below economists’ expectations of 7 percent.

from India Insight:

Markets this week: Sensex gains 3 percent, Tata Motors surges 10 percent

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The BSE Sensex rose 3 percent during the week, ending in the green for four of the five trading sessions. Improved guidance from Infosys, hopes of a U.S. deal to avoid a default on its debt and the RBI's decision to cut a key overnight interest rate helped sentiment.

Data released on Thursday showed India's trade deficit narrowed to a two-and-a-half-year low in September, raising hopes for a significant reduction in the country's current account deficit.

from India Insight:

Markets this week: Sensex gains 2.7 percent, Maruti surges 11 percent

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By Ankush Arora and Sankalp Phartiyal

The BSE Sensex rose 2.7 percent in the week ending September 20, as foreign inflows and the U.S. Federal Reserve's surprise decision to continue with its bond-buying programme boosted market sentiment.

The benchmark index, which is now up 9 percent in September and has gained for four consecutive weeks, touched its highest level since November 2010 on Thursday after the Fed’s surprising move. Analysts said the U.S. central bank's decision could lead to a resurgence of portfolio flows into emerging markets such as India.

from India Insight:

Tracking Sensex: L&T top loser this week

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By Aditya Kalra and Sankalp Phartiyal

The Sensex lost 2 percent and the Nifty slipped 2.3 percent in a tough week for stocks as Indian markets remained cautious ahead of the Reserve Bank of India (RBI) policy review on July 30.

The benchmark Sensex, which ended in the red for three of five trading sessions, touched a 2-1/2 year high during the week as consumer goods shares surged.

from India Insight:

Tracking Sensex: Top gainers, losers in May

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By Aditya Kalra and Ankush Arora

Key stock indexes eked out small gains in the month of May, with the BSE Sensex gaining 1.3 percent and the Nifty rising almost 1 percent.

The stock market adage 'sell in May and go away' didn’t quite hold true for the Sensex this year, as the index ended in the green after falling for three consecutive years in May.

from Expert Zone:

India Markets Weekahead: Time to wait and watch

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(Any opinions expressed here are those of the author and not of Thomson Reuters)

A volatile week saw the Nifty closing 0.45 percent lower at 5528 after disappointing numbers from IT bellwether Infosys, which missed expectations on most parameters. The Bangalore-based company’s results also affected other IT stocks, with a number of them closing lower.

The markets have again proved that the biggest challenge for industry leaders is to manage expectations. Infosys, which was given a big thumbs-up after spectacular December quarter results, was pushed back to levels from where it had earlier risen like a Phoenix.

from 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.

from Money on the markets:

Good day for technology counters

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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.

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