Money on the markets

A maturing market amid the mayhem

Tata Motors rises

Photo
-

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.

Shares in the Tata Motors, which has a market value of $9.1 billion fell over 6 percent in intra-day trade Tuesday as German carmaker Daimler is selling its entire stake in Tata Motors for up to $429 million.

Do you think shares in the counter might fall further?

Metal stocks end weak

Photo
-

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

Photo
-

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

Photo
-

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

Photo
-

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

Photo
-

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.

Auto index rises

Photo
-

INDIA-MOTOR/SALES

The BSE Auto index gained over 4 percent on Tuesday in a broader market that ended 2.09 percent higher at 16,772.

The rise in the BSE Auto index was led by MRF, BOSCH, Tata Motors and M&M.

Shares in Tata Motors rallied more than 12 percent on Tuesday afternoon as investors cheered strong sales growth in February. Shares in the counter ended at 797 rupees.

How to rate the budget?

Photo
-

INDIA-BUDGET/When the finance minister presents the budget, the stock market moves one way or the other.

And like every year this will dominate the news.

Over there and everywhere.

Is that fair? Or convincing?

Some of the analysis will follow a pattern.

If the stock market goes up, the budget may be described as successful because it didn’t “rock the boat”.

Capital goods index gains over 1 pct

Photo
-

The BSE Capital Goods Index gained over 1 percent on Thursday in a broader market that ended flat a day before the annual budget.

Index counters like Kirloskar Bros, Thermax and Crompton Greaves gained over 3 percent each.

Realty index rises in weak market

Photo
- Realty index rises in weak market The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower. Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher. Top realty firm Unitech rose 2.3 percent, whereas DLF ended marginally in red. The realty index is down over 8 percent this month. Would you invest in this sector now or wait for the budget on Friday?

The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower.

Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher.

  •