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Auto stocks end lower


The BSE Auto Index fell 1.4 percent and was the top sectoral loser, with stocks like Hero Honda and Tata Motors slipping.

Hero Honda shed nearly 3 percent after it posted a 1.6-percent drop in quarterly net profit. JPMorgan cut its share price target for the stock.

Tata Motors ended down 2.2 percent while Ashok Leyland ended down 1.5 percent.

M&M was among stocks that closed in the green, closing 2.7 percent higher.

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Banking index gains


The BSE Banking index rose nearly 1 percent on Thursday as banks shrugged off rising trend in rates and climbed on hopes robust economic growth will boost demand for loans.

Federal Bank shares gained 2.6 percent and ended as the top gainer in the index, followed by Bank of Baroda which gained 2.5 percent.

Oil & gas index dragged lower by RIL


The BSE Oil & Gas Index closed as the top sectoral loser on Wednesday, falling 1.92 percent mainly on losses in Reliance Industries which saw brokerage downgrades.

Shares of Reliance Industries fell 3 percent after brokerages such as Edelweiss, Motilal Oswal and IIFL downgraded the firm saying the company would take longer to increase gas production at the KG-D6 block.

Rate-sensitive sectors gain despite rate hike


It was a good day for rate-sensitive sectors like banking, autos and realty as they shrugged off a hike in interest rates by the Reserve Bank of India.

The BSE Auto Index gained 2.4 percent and closed as top sectoral gainer, followed by realty which gained 1.5 percent. The Bankex ended 0.7 percent higher.

Fortis Healthcare shares rise


Shares in Fortis Healthcare rose nearly 3 percent on Monday after Fortis said it is accepting Khazanah’s offer for Parkway.

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Fortis made  S$116.7 million profit on its stake and will look for other opportunities in the region. The company’s chief financial officer also said that Fortis will be debt-free following the sale of its stake in Parkaway Holdings.

Wipro ends lower after results


Profit sales saw Wipro shares end 0.8 percent lower on Friday after the firm reported a forecast-beating, 31-percent rise in quarterly profit.

The firm said it was seeing strong business environment, which helped pull up sectoral stocks early in the day. The stock had risen as much as 4.2 percent in trade.

Results fail to prop up Dr Reddy’s



Shares in Dr Reddy’s dropped 1.6 percent on Thursday despite the drugmaker reporting a 7.5 percent rise in profit for the June quarter.

Net profit was at 2.44 billion rupees ($52 million), up from 2.27 billion rupees a year earlier, according to a posting on the National Stock Exchange.

TVS Motor rises on results, bonus announcement



India’s No 3 two-wheeler maker, TVS Motor Co, reported a surge in April-June profit riding booming sales on higher demand for motorcycles, and announced a bonus issue of shares, sending its shares soaring.

The counter rose over 10 percent in intra-day trade but pared most of its gains and ended 5.7 percent higher at 128.55 rupees with volumes of 10.5 million shares on the BSE.

Realty Index gains


INDIAThe BSE Realty Index ended higher in a lackluster market as weak global cues continued to dampen sentiments at higher levels.

Some buying was seen in realty stocks and the sector remained the top performer among BSE sectoral indices.

Reliance Comm gains



Shares in Reliance Communications closed 2.2 percent higher on report that Emirates Telecommunications (Etisalat) is close to buying 26 percent in the firm.

The stock was among the top Sensex gainers with volumes of over 1.8 million shares on the BSE.