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from India Insight:

Markets this month: Tata Motors, M&M top Sensex gainers

By Ankush Arora and Sankalp Phartiyal

The BSE Sensex jumped 2.9 percent in August, the seventh consecutive monthly gain for the benchmark index in 2014. The broader Nifty closed 3 percent higher, its fourth straight month of gains.

A man looks at a screen across the road displaying the election results on the facade of the BSE building in MumbaiThe Indian stock market hit multiple record highs in August, helped by relentless foreign buying, easing of geopolitical tensions and continued optimism about the domestic economy’s revival.

On Friday, India will release GDP growth data for the April-June period. Asia’s third-largest economy likely grew at its fastest in two years in the first quarter of the current fiscal year, a Reuters poll predicted.

But many Indian CEOs say there are no signs yet of economic improvement, even as they are optimistic that Prime Minister Narendra Modi will spur economic growth, according to a poll conducted by the Economic Times newspaper. The survey coincides with 100 days of Modi as India’s premier.

from India Insight:

Markets this week: Sensex surges 5 percent on hopes from Modi, ONGC rallies

By Ankush Arora and Aditya Kalra

The BSE Sensex ended at a record closing high on Friday, rising 5 percent during the week, as Indian shares rallied on hopes of faster economic recovery after Narendra Modi became India's prime minister last month.

Markets have high hopes that the new Modi-led government would push for policy reforms and end bottlenecks that have stymied growth in Asia's third-largest economy.

from India Insight:

Markets this week: Sensex gains 3.5 percent, ICICI surges 19 percent

The BSE Sensex rose 3.5 percent for the week ending September 6, as sentiment on Dalal Street was boosted after Raghuram Rajan took charge as the new governor of the Reserve Bank of India.

Rajan kicked off his term with a bang on Wednesday, announcing several measures to support the rupee and unveiling steps to liberalise financial markets and the banking sector. Hopes that the government might announce a one-time hike in diesel prices to cut its steep import bill also helped the stock market.

from India Insight:

Tracking Sensex: Top gainers, losers this week

By Aditya Kalra and Ankush Arora

Indian shares started the month of July on a flattish note, with the BSE Sensex rising 0.5 percent in the week ending July 5 after climbing more than 3 percent the previous week.

However, a weak rupee continued to dampen sentiment as the unit ended the week below 60 to the dollar, adding to concerns about India’s current account deficit.

from Money on the markets:

BSE Oil & Gas sector rises

INDIA-BUDGET
The BSE Oil & Gas Index ended 1.79 percent up in a broader market that closed 0.68 percent higher at 16519.

Lead gainers in the index were energy explorer ONGC, which ended 8.7 percent higher at 1118 rupees, and BPCL which rose 2.8 percent, after the government more than doubled natural gas prices on Wednesday.

from Money on the markets:

Bad day for oil and gas counters

RELIANCE-OIL/The BSE Oil & Gas index ended as the worst sectoral performer on Thursday, posting losses of 1.8 percent, as the Sensex slumped 255 points on increased expectations of a rate hike.

Reliance Industries and Cairn India dropped over 2 percent each and were the top losers in the index. ONGC slipped 1.97 percent.

from Money on the markets:

Weak day for oil & gas stocks

Shares in ONGC dropped over 2 percent and ended as the top Sensex loser as the broader market closed just 18 points higher.

The Oil & Gas Index slipped around 0.7 percent in trade, with ONGC, BPCL and Reliance among the losers.

from DealZone:

Ghana, Ghana, Gone to Exxon

Sources tell us that oil behemoth Exxon Mobil won the bidding in an auction for Kosmos Energy's stake in the Jubilee field in Ghana, one of the biggest oil discoveries in recent years. Analysts have said the stake could be worth up to $5 billion.

Private equity-backed Kosmos put its interests in the multibillion-barrel field, which it co-owns with Irish oil explorer Tullow Oil and Houston-based Anadarko Petroleum, on the market earlier this year.

from Money on the markets:

Market ends flat, no cues from economic survey

MARKETS SOUTHASIA STOCKSThe Sensex ended just 13 points higher at 14,658 after a volatile session as investors awaited budget announcements next week.

The government released the economic survey report on Thursday which said India could see growth of around 7 percent this year if it makes sweeping reforms and speeds infrastructure development. (Click here for complete coverage)

from Money on the markets:

Sensex ends lower after volatile session

INDIA-BUDGETThe Sensex remained volatile in trade and ended 77 points lower at 14,346 on fears that below normal monsoon rains can hurt the economy.

Reliance Industries, which has an over 14 percent weight in the benchmark, led the fall, slipping over 2 percent to 1,959 rupees. ITC, ONGC and BHEL were the other contributors.

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