Money on the markets
A maturing market amid the mayhem
BSE IT index gains more than 2 pct
The BSE IT index rose more than 2 percent on Monday with stocks such as HCL Tech and Financial Tech gaining more than 3 percent.
Infosys, one of India’s leading IT firms, posted gains of 2 percent on improved demand for outsourcing in its key US market after strong economic data.
Do you think it is the right time to pick stocks in this sector?
Banking stocks struggle in trade
The BSE Banking index fell 0.8 percent on Friday, as the BSE Sensex ended its positive run of eight sessions to end marginally lower.
PNB was the top loser in the index, closing down 3.3 percent. Bank of Baroda ended down 1.7 percent. ICICI Bank, India’s No. 1 private lender, ended down nearly 1 percent.
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.
Real estate companies end higher
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
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
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
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
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
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.
-
- Rich country investors return home for stable cash income
- AirAsia India launch seen in Q4; may order 50 more jets
- Chinese premier criticises EU move on trade measures
- Niko finds significant gas in India block; shares soar
- NSE to implement transaction tax cut as of June 1
- Weekahead - Shares to track GDP, foreign inflows
- Wall St Week Ahead: Investors look for signs in the rally's break
- News Corp to take charge of up to $1.4 billion this quarter
- IMF's Lagarde escapes formal investigation in court
- Billionaire investor apologizes for saying women traders inferior
The Wall
