India Insight

Sensex to rise 10-15 pct in 2015: Vinod Nair of Geojit BNP Paribas

By Reuters Staff
March 18, 2015

India’s BSE Sensex has gained nearly 4 percent so far in 2015 after the benchmark surged to record highs following the electoral triumph of Prime Minister Narendra Modi last summer. Vinod Nair, head of research at Geojit BNP Paribas, says markets are now consolidating and likely to take cues from corporate earnings and global factors such as a rate hike by the U.S. Federal Reserve.

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

August 28, 2014

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.

Markets this week: Cipla, BHEL top Sensex gainers

August 22, 2014

A man looks at a screen across the road displaying the election results on the facade of the BSE building in MumbaiThe BSE Sensex closed 1.2 percent higher in a week that was marked by two successive record highs for the benchmark.

Stock market glitches in India over the past few years

July 3, 2014

India’s stock market, like its peers across the world, is no stranger to sudden trading halts due to technical glitches. On Thursday, India’s second-biggest exchange operator BSE halted trading across all its segments due to a network outage. Trading on the NSE bourse was not affected.

Markets this week: ITC, Infosys top Sensex losers

By Reuters Staff
June 27, 2014

By Sankalp Phartiyal and Ankush Arora

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai May 13, 2014. REUTERS/Danish Siddiqui/FilesThe benchmark BSE Sensex fell in three of five sessions this week, as higher crude prices hurt sentiment and the cabinet’s decision to delay a hike in gas prices disappointed investors. Caution also prevailed ahead of the June derivatives’ expiry on Thursday and fears of more violence in Iraq prompted investors to pare positions.

Markets this week: Mahindra and Mahindra, RIL top Sensex losers

June 20, 2014

By Ankush Arora and Sankalp Phartiyal

The BSE Sensex and Nifty, India’s main stock indexes, both fell 0.5 percent this week as worries over escalating Iraq tensions, a weak domestic monsoon and profit-taking weighed on sentiment.

India equity funds ride Modi rally in May, post best month in five years

June 3, 2014

India’s diversified equity funds outperformed the broader markets in May and recorded their best monthly performance in five years, as stocks rallied on hopes of an economic revival after the Narendra Modi-led Bharatiya Janata Party (BJP) won a decisive election mandate.

Modi boost helps Sensex rise 8 pct in May, Sesa jumps 51 pct

May 30, 2014

By Ankush Arora and Sankalp Phartiyal

A road sign stands next to the Bombay Stock Exchange building.Indian shares rose sharply and scaled new record highs in May, with the benchmark index rising above 25,000 points on hopes of an economic revival after pro-business Narendra Modi became India’s new prime minister.

Markets this week: Sesa Sterlite, NTPC top Sensex gainers

May 23, 2014

The benchmark BSE Sensex rose 2.4 percent this week as domestic-oriented stocks surged on hopes the incoming BJP government would keep up its promises to kick start an economy whose growth has dipped to its slowest in a decade.

Markets this week: BHEL, Sesa Sterlite top Sensex gainers

May 16, 2014

By Ankush Arora and Sankalp Phartiyal

India’s stock market closed the week on a record-breaking note as the Bharatiya Janata Party led by Narendra Modi swept the Lok Sabha election, handing the Congress party its worst ever result.