Money on the markets
A maturing market amid the mayhem
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.
Shares in Suzler India has already gained over 50 percent for the week, do you think it is the right time to invest in the counter?
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.
The BSE Realty Index dropped for a third straight day on Friday, shedding 3.3 percent in a broader market that ended 0.83 percent down.
Indiabulls Real Estate slipped 6.2 percent and was the top sectoral loser, while DLF and Unitech lost 4.1 percent and 1.4 percent respectively.
Realty stocks had a weak trading day on Wednesday with the sectoral index slipping 1 percent, even as the Sensex gained over 200 points tracking positive global cues.
Indiabulls Real Estate slipped 3.3 percent and was the top sectoral loser, while DLF and Unitech lost 1.3 percent and 0.7 percent respectively.
The BSE Oil & Gas Index dropped 3.4 percent on Friday in a broader market that fell 2.7 percent to its lowest close in three months.
Reliance Industries led the Oil & Gas Index fall with a 3.7 percent drop.
According to CNBC TV18’s business channel, the energy major has submitted a $2 billion expression of interest for private Canadian firm Value Creation Inc, which holds oil sands assets. Reliance fell to 981.30 rupees, its lowest close in three months.
The BSE Realty Index slumped 3.8 percent on Thursday in a broader market that was weighed down by weak global cues.
The Realty Index was the top sectoral loser on the BSE, with all components except Mahindra Lifespace, ending in the red. Sobha Developers dropped 5.6 percent.
The BSE metal index rallied over 4 percent on Wednesday, with JSW Steel topping the index with gains of over 8 percent. The BSE Sensex jumped over 300 points to 16,496.
Sterlite Industries gained nearly 6 percent and Hindalco ended up 3.3 percent, buoyed by a rise in base metal prices. Tata Steel shares gained 4. 9 percent.