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Auto index ends as top performer

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INDIA-MOTOR/SALESThe BSE Auto index ended as the top sectoral performer on Friday, gaining 2.8 percent in a market that rose nearly 300 points.

Amtek Auto was the star performer in the auto index, with its shares surging nearly 16 percent. Its shares have jumped nearly 50 percent since July.

Top auto companies in India like Mahindra & Mahindra and Hero Honda ended as top Sensex gainers, adding 6.2 and 4.2 percent respectively.

The sectoral index has gained nearly 150 percent this year, as a revival in demand helped auto companies boost sales.

Auto sector on the move

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The BSE Auto Index closed 1.3 points lower on Wednesday as investors across Asia remained cautious after the overnight slide on Wall Street.

The Auto Index was the top performer yesterday, gaining as much as 2.45 percent in a broader market that shed 115 points.

Auto index drops over 4 pct

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The BSE auto index on Thursday continued its downward trend from the previous session, closing 4.43 percent down.

Losses in automakers such as Mahindra & Mahindra, Tata Motors and Maruti Suzuki pushed the Sensex down in the last hour of trade.

Auto stocks on a roll

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INDIA-HYUNDAI/The past two months have been exciting for auto stocks. Helped by better car sales and solid earnings by auto companies, the BSE Auto Index has gained over 20 percent since June, a sharp contrast to the Sensex’s meagre gain of around 4 percent over the same period.

Car sales in India jumped an annual 7.8 percent in June, climbing for a fifth straight month and signifying that demand for autos was picking up.

Sensex slips below 15,000; Wipro drops

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The BSE Sensex erased early morning gains of over 2 percent and ended 1.46 percent down on Wednesday as weak sentiments across Asia downplayed investor sentiments.

The 30-share sensitive index swung from an intra-day high of 15,369 to an intra-day low of 14,786 and closed 219 points lower at 14,843. MARKETS-SOUTHASIA-STOCKS/

Sensex jumps 1200 points in five sessions

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INDIAThe BSE Sensex closed 3.5 percent higher on Friday, taking the week’s gains to over 1200 points as investors cheered the government’s talk of reforms.

Investor sentiments also had plenty of support from strong global markets.

The benchmark posted a near 500-points gain with stocks like ICICI, HDFC and ITC surging. The Nifty index rose by over 140 points.

Sensex slips 193 pts, political uncertainty weighs

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INDIA-STOCKS/6PCTThe outcome of the elections this weekend weighed on investors’ minds as the benchmark slipped nearly 200 points to close at 11,683.

Some index heavyweights took a beating – Reliance Industries slipped 1.98 percent, SBI ended 4.8 pct lower and L&T dropped 2.8 percent.

Sensex gains amid mixed econ data

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The Sensex closed 2.25 percent higher on Thursday, as gains on Wall Street and positive inflation data boosted investor sentiments.

INDIAThe benchmark closed 183.35 points up at 8343.75, supported by index heavyweights Reliance Industries (up 4.1 percent), ICICI Bank (up 8.1 percent) and Infosys (up 2.5 percent).

Sensex snaps 2-day fall; expiry watched

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After gaining nearly 2 percent during trade, the benchmark index pared gains and closed just 80.5 points higher at 8902, as cuts in factory gate duty and service tax triggered short covering ahead of the expiry of monthly derivatives contracts.
MARKETS SOUTHASIA STOCKS
The day belonged to auto and metal stocks, which appeared attractive on expectation the duty cuts on Tuesday will boost sales.

The BSE Auto Index closed 3 percent higher and the BSE Metal Index ended 1.2 percent up. Apollo Tyres, Tata Motors (trucks) and Ashok Leyland have slashed prices after yesterday’s announcement.

Sensex loses ground as U.S. stimulus package disappoints

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The BSE Sensex fell in early trade but pared losses to close 0.3 percent down on Wednesday as the much-awaited U.S. stimulus package failed to shore up investor sentiment globally.

Investors were disappointed with the $838 billion stimulus bill passed by the U.S. Senate on Tuesday and their reaction clearly showed greater concern about financial security.

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