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Sensex ends 2 pct up after choppy start

The BSE Sensex saw a choppy start today but buying by domestic funds lifted it into positive territory.

The 30-share sensitive index rose 2 percent to 9,424.24, its highest close since January 7, as domestic funds focussed on blue chips with earnings potential, such as Reliance Industries.

The Nifty ended 1.8 percent higher at 2,874.80 points.

Investor sentiment was also boosted from higher European shares that rode a rally in drug makers.

Index heavyweight Reliance Industries rose 4.5 percent to 1,325.20 rupees, its highest close in nearly four weeks. The energy giant is expected to start gas sales in the second half of February from its large field off the east coast.

Markets choppy, fuel price brought cheer

The BSE Sensex broke a two-day climb and fell marginally to 0.2 percent on Thursday as investors squared their position on the last day of expiry.

The BSE auto index gained 1.3 percent as autos bucked the trend. The rise was led by buying in Maruti Suzuki, Mahindra & Mahindra and Bharat Forge as the government cut state-set fuel prices, a move that could help in slowing down inflation.
FIIs remained net buyers of $6.2 million in equity and $0.5 million in debt, as against net sellers of $59.4 million yesterday and $85.3 million on January 27.

Cheer for investors as Sensex rises for second day

It was another bright day for Indian investors as gains across world markets allayed concerns over risk aversion and triggered short covering ahead of the expiry of monthly derivatives contracts on Thursday.

The BSE Sensex closed 2.81 percent up at 9257, with heavyweight Reliance Industries leading the march.

Sensex rallies despite RBI decision

The BSE Sensex shrugged off the RBI decision to keep rates steady and closed 3.8 percent higher as gains in global markets triggered short covering ahead of the expiry of monthly derivatives.

In today’s policy review, the Reserve Bank left its lending rate steady at 5.5 percent and its reverse repo rate unchanged at 4.0 percent at its policy review on Tuesday. It has also kept the cash reserve ratio unchanged at 5.00 percent.

Sensex slips, RBI policy eyed

The Sensex took a hit on Friday as disappointing corporate results outlook and fading hopes of a rate cut sent it down to its lowest close in two months. The benchmark index dropped 1.5 percent to close at 8,674.

Energy giant Reliance Industries bucked the trend and rose 1.8 percent on lower-than-expected fall in quarterly profit.

Outsourcer Satyam jumped 31 percent. U.S.-listed iGate has told the Satyam board that it is interested in buying the firm.

Markets lacklustre as results pour in

It was a results packed day as big companies like Reliance Industries, Bharti Airtel and Ranbaxy reported their quarterly earnings.

The profits of Reliance Industries, India’s largest listed company, fell 9.8 percent, its first drop in three years. Ranbaxy Labs’ foreign exchange losses pushed it into the red in the December quarter.

Obama magic fails to fire up markets

Bad day for the equity markets as the Sensex plunged 3.5 percent to close at 8779.

The Obama magic failed to enthuse investors which was evident from the 4 percent fall in Dow Jones Industrial Average (DJIA) after his inaugural speech.

Market falls further, will Obama help?

Bears ruled the day as the Sensex slipped 2.4 percent to close at 9,100 levels. Fears that a deepening global economic crisis would trigger funds outflow weighed on sentiments as investors waited for cues form U.S. President-elect Barack Obama’s inaugural speech.

Index heavyweights Reliance Industries, Bharti Airtel and ICICI led the fall. Financial stocks took a beating after a record loss by Britain’s RBS.

Market begins week on cautious note

It was a day of weak trade on Dalal Street as the Sensex ended with a small gain of six points.

Worries over domestic quarterly numbers continue to weigh on sentiments as investors look for cues from U.S. President-elect Barack Obama’s inaugural speech, due on Tuesday, which should give some idea about his likely policy measures for growth.

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