Money on the markets

A maturing market amid the mayhem

Reliance Industries gains

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RELIANCE-OIL/
Shares in Sensex heavyweight Reliance Industries rose over 3 percent in intra-day trade and closed 3.8 percent higher at 1,066 rupees.

The broader market ended 1.2 percent higher at 17,383 with Reliance Industries and L&T leading the gainers.

Energy major Reliance Industries is out of the race for Value Creation after the Canadian firm sold a majority stake in an oil sands property to BP Plc, a source with direct knowledge told Reuters.

With Reliance Industries dropping over 2 percent this year, do you see yourself investing in the counter now?

HUL shares gain 2.6 percent

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Shares in Hindustan Unilever (HUL) gained 2.6 percent on Monday to close at 225.3 rupees and was among the top Sensex gainers even as markets ended flat.

The volumes stood at a little over 1 million shares on BSE.

Hurt by the pricing war in the detergent space, HUL shares had been struggling and lost more than 8 percent over the past two sessions.

Weak day for realty counters

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Realty stocks ended the week on a negative note with the sectoral index slipping 0.8 percent to end as the top loser among sectors.

Sobha Developers led the fall with a 3.4 percent decline, followed by Peninsula Land which fell 2 percent.

HUL shares fall over 4 pct

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Consumer goods maker Hindustan Unilever fell over 4 percent on Thursday to close at 229 rupees and was the top loser among Sensex components.

The firm, which is a unit of Anglo-Dutch firm Unilever, also ended as the top loser on the BSE FMCG Index, which dropped 0.8 percent and was one of the top sectoral losers.

Tata Motors rises

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INDIA/

Shares in Tata Motors snapped a two-day fall and ended nearly 1 percent higher at 778 rupees.

Tata Sons, the holding entity for Tata Group firms, and Citigroup acquired 8.65 million shares in Tata Motors, according to BSE data released Tuesday.

Metal stocks end weak

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Metal stocks had a weak trading day at the bourses with the BSE Metal Index posting losses of 1.56 percent to end as the top sectoral loser.

All stocks in the sectoral index, except Welspun Gujarat, closed in the red. Gujarat NRE Coke led the losers with a 4.4 percent fall.

Auto index gains 1.8 pct

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INDIAThe BSE Auto Index gained 1.79 percent on Monday in a broader market that ended 0.6 percent higher at 17,102.
The rise in the Auto Index was led by MRF, Hero Honda, M&M and Maruti Suzuki.

Mahindra & Mahindra topped the list of gainers in the sectoral index as well as the main benchmark index, closing 4.3 percent higher at 1122 rupees with volumes of 0.2 million.

Sulzer India rises on delisting plan

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MARKETS-SOUTHASIA-STOCKS/

Shares in Sulzer India jumped 20 percent for the second day to hit upper circuit at 1,243.65 rupees on hopes Switzerland-based parent Sulzer Ltd would offer a higher price for the 20 percent it does not own and delist the engineering products company.

Suzler India ended with volumes of 0.04 million shares its highest since October 2009.

ARSS Infrastructure rises

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INDIA
Over the past two sessions, ARSS Infrastructure Projects Ltd rose over 80 percent from its issue price of 450 rupees per share.

Shares in the counter ended 10.6 percent higher at 814.65 rupees with volumes of 8.5 million shares on Thursday.

BSE Oil & Gas Index rises

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INDIA-STOCKS/

The BSE Oil & Gas index rose for the third consecutive day and ended 2.2 percent higher while the broader market closed 1.3 percent up.

The rise in the index was led by Reliance Industries, GAIL, Aban offshore and Cairn India.

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