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L&T shares rise more than 2 pct

Shares in Larsen & Toubro gained 2.5 percent on Monday, helping Sensex post its 5th consecutive day of gains.

The stock ended at 1639.20 rupees and was the among top gainers of the 30-share Sensex.

“…we believe these near-term concerns are now priced in and the valuations are attractive,” UBS said in a note while reiterating its “buy” rating on the stock.

“In our view, L&T remains the key play on India’s structurally strong infrastructure growth story.”

Real estate companies end higher

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INDIA

Shares of real estate companies closed higher on Thursday as investors started accumulating some sector-specific beaten down stocks.

Property developer Unitech posted its best single-day gain in nearly 16 months, rallying 9.6 percent after JPMorgan upgraded the beaten down stock to “overweight” from “neutral”, citing cheap valuations, reasonable gearing, comfortable liquidity and high embedded land value.

Sugar companies end higher

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A worker carries a sack of sugar at a food warehouse in Mumbai July 11, 2008. REUTERS/Arko Datta/Files

A worker carries a sack of sugar at a food warehouse in Mumbai July 11, 2008. REUTERS/Arko Datta/Files

Shares of sugar producers traded higher on Tuesday after industry sources said the government is likely to allow 200,000 tonnes of sugar exports — less than half a million tonnes permitted earlier.

BSE Auto index falls 2 pct

Auto stocks struggled in trade on Friday, as stocks like Exide Industries, M&M and Maruti Suzuki fell, pushing the sectoral index down 2 percent.

Exide Industries ended down 4.6 percent as the top loser in the auto index, followed by M&M which dropped 3.3 percent.

BSE Oil & Gas index rises as crude oil eases

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An employee fills a customer's tank at a petrol pump entirely run by woman in the eastern city of Kolkata May 24, 2008. REUTERS/Jayanta Shaw/Files

An employee fills a customer's tank at a petrol pump entirely run by woman in the eastern city of Kolkata May 24, 2008. REUTERS/Jayanta Shaw/Files

Shares in state-run oil marketing companies rallied on Friday as oil prices slid after a huge earthquake and tsunami swept Japan.

Acropetal Technologies debuts at premium

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A stockbroker uses his terminal to trade at a brokerage firm in Mumbai September 30, 2008. REUTERS/Punit Paranjpe/Files

A stockbroker uses his terminal to trade at a brokerage firm in Mumbai September 30, 2008. REUTERS/Punit Paranjpe/Files

Shares in Acropetal Technologies, an outsourcing services company, listed on the BSE at a premium of over 44 percent over its issue price of 90 rupees per share.

Reliance Comm rises on tower deal report

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A man walks past a logo of Reliance Communication in Mumbai September 22, 2009. REUTERS/Arko Datta/Files

Shares in Reliance Communication rose over 9 percent in trade today after a news channel reported that ATC has emerged as the highest bidder for the firm’s tower arm.

RComm ended 9.3 percent higher at 99.30 rupees and was the top traded stock on BSE. The firm was also the top Sensex gainer.

Tech Mahindra, Mahindra Satyam gain on Mahindra-Cisco deal

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Engineers attend to calls from abroad inside a call center in Gurgaon on the outskirts of New Delhi December 3, 2003. REUTERS/Kamal Kishore/Files

Shares of Mahindra group firm Tech Mahindra jumped 9.26 percent to 739 rupees, while outsourcer Mahindra Satyam rose 3.7 percent to 64.90 rupees after an agreement between Mahindra group and Cisco Systems was announced.

Mahindra group is partnering with U.S. telecom equipment maker Cisco Systems to provide a range of services including cloud computing.

Reuters India Market Wrap

The BSE Sensex posts its best weekly gain since November. Gautam Srinivasan reports.

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Capital goods stocks rise

The BSE Capital Goods index rose 2.35 percent on Thursday, with stocks like Punj Lloyd and BHEL posting smart gains.

Punk Lloyd closed 4.7 percent higher, BHEL gained 3.3 percent and L&T ended up 3.2 percent.

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