Money on the markets

Mahindra Satyam dives after results

Shares in Mahindra Satyam ended 8.7 percent lower at 90.25 rupees on Thursday after the company reported a net loss for 2009 and 2010 after market hours the previous day.

For the year ended March 2010, Satyam posted a net loss of 1.25 billion rupees on revenue of 54.8 billion rupees. For fiscal 2009, it had a loss of 81.77 billion, wiping out most of the revenue of 88.13 billion rupees.

In another report, JPMorgan downgraded Mahindra Satyam to neutral from overweight as restated financials restored normalcy. Shares in Tech Mahindra ended 5.2 percent lower at 752 rupees.

Do you think it is the right time to invest in Mahindra Satyam?

Mahindra Satyam posts FY09, FY10 results

Mahindra Satyam on Wednesday reported net losses for FY2009 & FY2010, giving the first view of its financial state almost 2 years after it was hit by India’s biggest corporate fraud.

Shares in Satyam ended just 0.1 percent higher at 98.9 rupees ahead of results announcement.

Tech Mahindra will start the process to merge outsourcer Mahindra Satyam with itself by mid-November, a top official said on Wednesday.

The stock is up nearly 1 percent so far this year, do you think it’s wise to invest in this stock at this stage?

BSE Power Index gains

Power stocks posted decent gains on Tuesday, sending the power index up 1.15 percent to the top of the sectoral gainers list.

ABB shares topped the index, closing 4.6 percent higher, followed by Siemens which gained 3.7 percent.

JSW Energy, GVK Power and Adani Power were among the stocks on the losing side.

Do you think it’s a good time to invest in power stocks?

Realty stocks rise

The BSE Realty Index gained 2.7 percent on Friday and ended as the top sectoral gainer, with stocks such as DLF and Unitech posting smart gains.

DLF, India’s top listed firm, ended 5.2 percent higher at 365.65 rupees, while Unitech gained 3.14 percent. Sobha Developers topped the index with gains of 6.5 percent.

Only 4 stocks in the index closed in the red.

Would you invest in these stocks at their current levels?

The BSE Realty Index gained 2.7 percent on Friday and ended as the top sectoral gainer, with stocks such as DLF and Unitech posting smart gains.

DLF, India’s top listed firm, ended 5.2 percent higher at 365.65 rupees, while Unitech gained 3.14 percent. Sobha Developers topped the index with gains of 6.5 percent.

Only 4 stocks in the index closed in the red.

Banking stocks fall

Bank stocks corrected on Thursday and the banking index ended down 1.2 percent, as the overall market slipped on profit booking.

SBI and ICICI Bank closed down 0.2 percent and 2.3 percent respectively. HDFC Bank and mortgage lender Housing Development Finance lost 0.6 percent.

Yes Bank gained 1.3 percent in trade, the top bankex gainer, while IndusInd Bank slipped 3.6 percent and ended as top loser.

Will you buy these stocks at this stage?

Shares in Maruti jump

Shares in automobile companies rose on Wednesday on hopes of buoyant demand during the September-to-December festive season.

Top car maker Maruti Suzuki rose 3.6 percent after Bank of America-Merrill Lynch upgraded it to buy from underperform.

Other stocks like Mahindra & Mahindra and Hero Honda gained 0.2 percent and 0.1 percent respectively. Stocks like Tata Motors slipped 0.6 percent.

Would you invest in auto stocks at this stage?

Sensex touches 20,000 – Highlights

Share your views as the Sensex crosses the 20,000 mark for the first time since January 2008.

FMCG index up, ITC surges

The BSE FMCG Index closed 3.5 percent higher on Monday and topped the list of sectoral gainers with stocks such as ITC and Colgate posting smart gains.

ITC touched an intra-day high of 5.9 percent, its highest level in at least 20 years, helped by robust domestic consumption. The share closed 4.9 percent up.

Other gainers included Colgate, which closed 4.5 percent higher, and HUL which gained 3.8 percent. Godrej Consumer Products however bucked the trend and slipped more than 5 percent.

Since July, this sectoral index has gained 14.16 percent versus a 12.4 percent gains in the BSE Sensex.  Would you invest in this sector now?

Reliance Industries gains

Shares in Sensex heavyweight Reliance Industries rose over 2 percent in trade on news that was in talks with U.S.-based Chesapeake Energy to buy a stake in Eagle Ford shale gas project.

Reliance Industries closed 2.5 percent higher at 1026 rupees, having led the gainers list on the Sensex which ended at a fresh 32-month high at 19594.

The stock has had a disappointing run so far this year with a negative return of over 5 percent.

Do you think shares in Reliance Industries will pick up steam and cross the 1200-rupees mark this year?

BSE Realty Index gains

The BSE Realty Index closed 1.2 percent higher on Thursday while the broader market remained volatile and closed 0.4 percent lower at 19417.

Shares that boosted the sectoral index were DLF (up 2.6 percent), Unitech (up 1.5 percent) and Ansal Properties (up 2.1 percent). However, Omaxe dropped over 2 percent.

On Wednesday, a top LIC official had highlighted that India’s focus on infrastructure investment would help drive growth in its stock market.

With the RBI increasing policy rates today, do you think the likely increase in loan rates by banks will pinch demand and bring down infra stocks?