Money on the markets
A maturing market amid the mayhem
The Public Sector Undertaking Index closed 2 percent higher in a broader market that ended flat.
Shares in Engineers India Ltd ended 20 percent higher at 2079 rupees and was the top gainer on the PSU Index.
Shares in NDMC, Dredging Corporation and Hindustan Copper ended over 10 percent each.
Canara Bank ended 2.1 percent lower, Punjab National Bank shed 1.5 percent and Rural Electrification closed 1.3 percent down.
The BSE Oil & Gas Index ended 2.3 percent higher on Thursday on reports that state-run oil companies may get cash instead of oil bonds as compensation.
Shares in ONGC ended 2.9 percent higher while Hindustan Petroleum rose 1.2 percent. Aban Offshore led the list of losers on the Oil and Gas index with a 1.4 percent drop.
Falling bank deposit rates have left investors with fewer options to invest, especially those who are not willing to risk their capital for some extra returns.
In the current scenario, such investors can look at creating a capital protection plan on their own, which can safeguard their capital and possibly earn higher returns with some exposure to equity mutual funds.
The BSE IT index ended 3.9 percent higher on Tuesday as the overall 30-share sensitive index ended 0.59 percent down.
Infosys Technologies raised its annual sales forecast as big financial services clients boost orders in an improving global economy, pointing to an industry recovery.
Shares in index heavyweight Reliance Industries dropped 1.8 percent on Monday, after it raised $763 million through share sale.
The share sale by energy major Reliance Industries, is seen as part of the company’s bid to take control of Luxembourg-based LyondellBasell.
Realty stocks closed the week on a positive note even as the market ended in the red. The BSE Realty Index gained over 3 percent in trade and was the top sectoral performer.
All shares in the index, except Phoenix Mills, ended positive with Peninsula Land gaining nearly 10 percent.
Shares in Maruti Suzuki dropped 3.5 percent on Wednesday after the Reserve Bank said foreign institutional holdings had reached a trigger limit and fresh purchases would need its prior approval.
Its shares closed at 1462.6 rupees and ended as the top loser among Sensex components. It was also among the top losers in the BSE Auto Index.
Shares in Mahindra Satyam gained 6.1 percent on Tuesday to close at 106.05 rupees. IT stocks in general posted decent gains, boosting the BSE IT Index 0.4 percent.
Shares in Mahindra Satyam have notched good gains, rising over 8 percent this year. Its shares had hit a low of 11.5 rupees almost a year ago after the then chief, R Raju, had confessed that the company’s profits had been overstated for years.