Money on the markets

A maturing market amid the mayhem

Banking index gains 1.5 pct

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It was a good day for banking counters, as the banking index ended with gains of 1.5 percent in a Mumbai market that ended 200 points higher.

HDFC Bank was the top gainer in the index, ending up 4.15 percent, followed by IndusInd Bank which gained 2.4 percent. Federal Bank was the only stock in the index which ended in red.

The banking index is down 5.5 percent in 2011, while HDFC Bank is down 7 percent, and ICICI is down 7.5 percent during the same period.

Do you think banking stocks are worth buying at this stage?

Banking stocks fall

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Banking stocks fallBank stocks corrected on Thursday and the banking index ended down 1.2 percent, as the overall market slipped on profit booking.

SBI and ICICI Bank closed down 0.2 percent and 2.3 percent respectively. HDFC Bank and mortgage lender Housing Development Finance lost 0.6 percent.

Good day for banking stocks

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The BSE Banking index closed 2 percent higher on Thursday while the broader market ended 1.6 pct marginally over the 17,000 mark.

HDFC Bank ended 2.7 pct higher, Axis Bank gained 3.4 pct while SBI shares rose 1.2 pct up.

ICICI Bank rises in weak market

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A man counts money after withdrawing it from an ATM in Jammu October 14, 2008. REUTERS/Amit GuptaShares in ICICI, India’s top private sector bank, gained 3.12 percent on Thursday in a market that ended just 33 points higher.

The banking index rose over 1 percent helped by gains in ICICI Bank, which also ended as the top Sensex gainer.

Sensex gains 1 pct led by Infosys, ONGC

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INDIA-BUDGETThe Sensex added 148 points on Friday to close at 15,378 as investors remained optimistic after better than expected quarterly results.

The benchmark’s rise was led by Infosys Technologies, ONGC and Tata Steel, which were up in the range 2-6 percent.

Market ends flat

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INDIA-STOCKS/The stock market got off to a quiet start this week, with the benchmark index closing just 21 points higher at 14,786 ahead of the annual budget next week.

The Sensex was up 1.3 percent at one point, but investors booked profits to take advantage of the rise.

Profit-taking caps Sensex rise

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The BSE Sensex seesawed today, mainly on account of profit-booking after the benchmark closed at an almost nine-month high yesterday.

The 30-share sensitive index of the Bombay Stock Exchange swung from an intra-day high of 14,994 to an intra-day low of 14,608, and finally closed 34 points up at 14,874. The fifty-share Nifty ended 0.10 percent down at 4525.
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The main contributors to the benchmark’s rise were HDFC, Tata Steel, ICICI Bank and SBI.

Sensex falls 1.4 percent, led by ICICI

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The BSE Sensex closed 1.4 percent lower on Wednesday as investors booked profits ahead of the fourth phase of India’s general elections on Thursday.

The benchmark closed 178.33 points down at 11,952.75 while the Nifty ended 1.01 percent lower at 3625.05.
INDIA-STOCKS/6PCTThe Sensex fall was led by ICICI Bank, HDFC, ITC and Tata Steel.

Sensex choppy on mixed bag of results

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The BSE Sensex closed 0.74 percent lower on Wednesday as weak Asian markets dampened sentiments and investors booked profits for a third session.

The benchmark erased early gains and closed 80.57 points down at 10,817.54, while the Nifty ended 1.04 percent down at 3330.3.MARKETS-SOUTHASIA-STOCKS/

Sensex up 1.5 pct, Tech Mahindra jumps after winning Satyam bid

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SATYAM/A rally in global markets today saw the BSE Sensex swing from being briefly negative in early deals to over 11,000 in the last hour of trade, before closing 1.5 percent up at 10,967.

The big news of the day was Tech Mahindra winning the bid for fraud-hit Satyam Computer.

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