Money on the markets

A maturing market amid the mayhem

Mixed day for banks, HDFC Bank down 3 pct

Photo
Mixed day for banks, HDFC Bank down 3 pct The BSE banking index fell 0.5 percent on Tuesday after gaining 3.7 percent over the last four sessions. Shares in HDFC Bank slipped 3 percent in trade and ended as the top Sensex loser. The benchmark Sensex too ended a four-session rally, closing 121 points lower at 17590. The other prominent losers were Axis Bank, which slipped 2.2 percent, and SBI which ended 0.6 percent lower. Some smaller peers however had a good day. Bank of India vaulted over 5 percent to the top of the bankex gainers list, while Karnataka Bank gained 2.3 percent. Seeing the current interest rate environment and with the Reserve Bank widely expected to increase rates in April, will you invest in this sector? http://in.reuters.com/article/economicNews/idINIndia-46771020100309

asdasdasdasdThe BSE banking index fell 0.55 percent on Tuesday after gaining 3.7 percent over the last four sessions.

Shares in HDFC Bank slipped 3 percent in trade and ended as the top Sensex loser.

The benchmark Sensex too ended a four-session rally, closing 121 points lower at 17590.

The other prominent losers were Axis Bank, which slipped 2.2 percent, and SBI which ended 0.6 percent lower.

Strengthening rupee hurts IT counters

Photo
Strengthening rupee hurts IT counters Hurt by an appreciating rupee, the BSE IT index slipped 1.7 percent on Monday and ended as the worst sectoral performer among indices. The benchmark Sensex however ended 66 points higher on hopes of good earnings. Top sectoral losers NIIT and Mphasis ended down 3.7 percent and nearly 3 percent respectively. Bigger players too had a bad day, with stocks like Infosys and TCS slipping 2.2 percent and 1.7 percent respectively. D H Pai Panandiker, president of RPG Foundation, is of the view that the rupee will harden further to 42 versus the dollar if the Reserve Bank does not intervene. http://in.reuters.com/article/economicNews/idINIndia-47287920100329 The BSE IT index has gained 4.7 percent this month. In the current scenario, will you buy or sell stocks in this sector?

callcentre1-222x300Hurt by an appreciating rupee, the BSE IT index slipped 1.7 percent on Monday and ended as the worst sectoral performer among indices. The benchmark Sensex however ended 66 points higher on hopes of good earnings.

Top sectoral losers NIIT and Mphasis ended down 3.7 percent and nearly 3 percent respectively.

Over 95 stocks hit 52-wk high on BSE

Photo
Over 95 stocks hit 52-wk high on BSE It was a good day at the bourses with over 95 BSE stocks touching their 52-week high on Friday. Some stalwarts that made it to the list included HDFC Bank, Tata Steel, Hindalco and PNB. HDFC Bank gained 1.1 percent and Tata Steel jumped 1.2 percent. Bajaj Auto and Hero Honda also touched 1-year highs during trade. Autos and financials helped the Sensex gain 85 points to 17,644, with support coming in from firm Asian markets. Seeing these stockssdaf;ljsdlkjflksdajflk;jsadkljfo k rise, would you invest in them now?

It was a good day at the bourses with over 95 BSE stocks touching their 52-week high on Friday.

Some stalwarts that made it to the list included HDFC Bank, Tata Steel, Hindalco and PNB.

Hero Honda jumps over 4 percent

Photo
Hero Honda jumps over 4 percent Shares in Hero Honda gained more than 4 percent on Thursday as markets ended firm with the Sensex rising by 107 points. BSE Auto index rose 0.46 percent. Amtek Auto climbed 1.4 percent whereas Ashok Leyland gained nearly 1 percent. Among losers, Tata Motors’ stock had a weak trading session and ended down 1.87 percent. Maruti Suzuki slipped 1.47 percent. Do you have a favourite auto stock for investment at this stage?

Shares in Hero Honda gained more than 4 percent on Thursday as markets ended firm with the Sensex rising by 107 points.

BSE Auto index rose 0.46 percent.

Amtek Auto climbed 1.4 percent whereas Ashok Leyland gained nearly 1 percent.

Among losers, Tata Motors’ stock had a weak trading session and ended down 1.87 percent. Maruti Suzuki slipped 1.47 percent.

Mixed day for banking stocks

Photo

It was a mixed day of trade for banking stocks on the bourses on Tuesday as the sectoral index closed marginally higher, but stocks like HDFC Bank gained over 2 percent and PNB jumped 1.9 percent.

Of the 17 stocks in the index, 11 closed in green, led by HDFC Bank. Kotak Mahindra Bank was the worst index performer, as it ended with losses of 2.1 percent.

Bharti gains on deal talks

Photo

MTN-BHARTI/FUNDING

Bharti Airtel rose on Monday morning on hopes that the firm is heading towards a smooth landing in its $9 billion deal talks to buy Kuwaiti telecom Zain’s African operations.

Bharti Airtel rose over 2 percent in intra-day trade and finally closed 1.4 percent higher at 316 rupees with volumes of 1.07 million shares.

S Kumars rises

Photo

INDIA-STOCKS/6PCT
S Kumars touched an 18-month high on Friday and was the top mid-cap index gainer with volumes as high as 17 million shares.

Shares in S Kumars Nationwide Ltd ended 19.6 percent higher at 64.65 rupees. The company is looking to raise between $100 million to $150 million by listing its subsidiary, Reid & Taylor, in which the company holds nearly 75 percent.

Strides Arcolab jumps on deal talk

Photo

INDIA-STOCKS/

Shares in Strides Arcolab rose over 4 percent on Thursday after Aspen Pharmacare said it would sell its 50 percent stake in global oncology joint ventures to joint owner Strides for $117 million.

Shares in the counter rallied over 5 percent in intra-trade trade before ending 4.2 percent higher at 68.80 rupees with volumes of 28.29 million shares.

from India Insight:

Third time’s the charm for Mukesh Ambani

Photo

Mukesh Ambani(UPDATE: Reliance Industries has gained an overseas foothold by agreeing to pay $1.7 billion to form a joint venture with U.S.-based Atlas Energy. India's largest-listed firm will pick up a 40 percent stake in Atlas's operations in the booming Marcellus Shale)

The ruthless efficiency and smooth execution that marked Reliance Industries' development of the world’s largest refining complex in western India and its vast gas fields off the country's east coast has eluded the top-listed Indian firm during its recent attempts at overseas takeovers.

Sugar stocks fall on declining prices

Photo

INDIA-SUGAR

Shares of sugar manufacturers, pressured by weak prices, registered a fall of 1-3 percent on Wednesday.

A newspaper reported on its website that sugar prices have declined 22 percent since January and this would not only hurt margins but also the growth prospects.

  •