Money on the markets

A maturing market amid the mayhem

Auto stocks post decent gains

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The BSE Auto Index gained 1.27 percent on Friday, as a top industry body official said he expected Indian vehicles sales to reach a record high for the second year in a row in 2010/11.

Shares in Tata Motors rose 4.5 percent to 808 rupees and ended as the top gainer among the Sensex and auto index components.

Other stocks also posted decent gains, with TVS Motors rising 3.1 percent and Hero Honda jumping 2 percent.

Only two stocks in the index closed in the red – Escorts and Maruti Suzuki, which dropped 2.4 percent and 0.14 percent respectively.

Bad day for oil and gas counters

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RELIANCE-OIL/The BSE Oil & Gas index ended as the worst sectoral performer on Thursday, posting losses of 1.8 percent, as the Sensex slumped 255 points on increased expectations of a rate hike.

Reliance Industries and Cairn India dropped over 2 percent each and were the top losers in the index. ONGC slipped 1.97 percent.

BSE IT index fall on rupee appreciation

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INDIAThe BSE IT Index continued its downtrend from yesterdays trade and ended nearly 1 percent lower on Tuesday.

Outsourcers that get most of their revenue from exports were weighed down by the rupee that strengthened to 19-month-high against the dollar on Monday and looked to climb further, which could squeeze profit margins of the companies.

Reliance Industries jumps nearly 3 percent

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Shares in Reliance Industries, India’s top listed firm, gained nearly 3 percent on Monday to 1125 rupees, boosting the BSE Oil & Gas Index over 2 percent.

The energy major was also the top contributor to the Sensex’s surge of nearly 250 points to its 25-month closing high.

Small-cap stocks shine

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downloadThe BSE Small-cap Index outperformed all other sectoral indices on Thursday, rising 2.4 percent in a firm market that ended nearly one percent up.

Of the 481 stocks in the small-cap index, 15 gained 10 percent or more, of which two jumped nearly 20 percent.

Bharti Airtel rises

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ZAIN-BHATRI

Shares of Bharti Airtel closed 0.3 percent up on Wednesday in a broader market that ended 0.4 percent higher.

The telecom major hit an intra-day high of over 2 percent before closing.
Bharti Airtel needs to work on getting regulatory clearances for its $9 billion deal to buy 15 African operations of Kuwaiti telecom Zain, and turning around the loss-making assets would be its priority.

Mixed day for banks, HDFC Bank down 3 pct

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- 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.

Strengthening rupee hurts IT counters

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- 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

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- 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

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- 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.

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