Money on the markets

A maturing market amid the mayhem

Auto Index rises

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Shares of major auto players rose on Wednesday, pulling the BSE Auto Index up 2.2 percent.
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Shares in Mahindra & Mahindra ended 6.1 percent higher at 971 in a market that ended 1.2 percent up. Trade in the counter stood at 0.4 million shares.

The other gainers in this sector included Tata Motor (up 4 percent), Bharat Forge (up 5.8 percent) and Escorts (up 4.5 percent).

Data showed car sales in India increased an annual 21 percent in September for their eighth straight rise, aided by festival spending and easier availability of loans.

Reliance rises on patch-up hopes

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Shares in Reliance Industries ended 3.1 percent higher on Monday in the broader market which closed 2.3 percent up.

The stock reached an intra-day high of over 4 percent before closing at 2167 rupees.BC-ENERGY-INDIA-RELIANCE

Telecom shares dives in flat market

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Shares of major telecom players plunged on Thursday, pulling the BSE Technology Index down 2.8 percent.

Bharti Airtel, which has a 3.6 percent weightage on the Sensex, dropped over 6 percent in a market that ended marginally up at 16,843. Trade in the counter stood at 8.1 million shares.INDIA-STOCKS/JUMP

Outsourcers slide on rising rupee

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Shares in top IT firms plunged on concerns the rising rupee would squeeze margins in the export-driven sector.

IT bellwether Infosys dropped 2.5 percent, while Wipro and TCS fell 4.2 and 3.3 percent respectively.

Bharti gains after deal collapse

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Shares in Bharti Airtel ended 4 percent higher in a broader market which ended flat.

Bharti Airtel, which carries over 4 percent weightage in the 30-share sensitive index, closed at 435 rupees with volumes of 6.8 million.

BSE Sensex surges past 17,000

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The Sensex rose 1.5 percent on Wednesday to close above the 17,000 mark for the first time since May 2008.

The rise in the benchmark was led by SBI, Maruti Suzuki, BHEL and ICICI Bank. INDIA-STOCKS/

On the sectoral front, the banking sector led the indices gaining 3.6 percent followed by the Auto index, which rose 2.1 percent. The Capital Goods ended 1.7 percent higher.

TCS gains 3.9 percent

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Shares in India’s top IT services firm by sales gained nearly 4 percent in a broader market that ended 0.96 percent up at 16,853.

The stock which carries over 2 percent weightage in the main index, closed at 610 rupees with volumes of 0.58 million.

Infosys drops in flat mkt

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Shares of Infosys Technologies fell over 3 percent to 2,285 rupees on Thursday in a market that saw volatile trade with the expiry of monthly derivatives.

Infosys, which has an over 8 percent weightage in the main index, dropped as much as 80 rupees with a volume of 0.3 million, making it the top loser in the index which ended flat.infy

Dr Reddy’s surges on Glaxo report

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Dr Reddy’s shares hit an intra-day high of 900 rupees on Friday before closing 3.6 pct up at 865.45 rupees.

Shares in the drugmaker jumped to a 3-1/2-year high on a report that GlaxoSmithline is in talks to buy a 5 percent stake in the company for $150 million.INDIA-CHILDREN/UNICEF

Reliance drops on share sale

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Shares in Reliance Industries ended over 4 percent down at 2,086 rupees on Thursday while the BSE Sensex ended flat.

Reliance, which has over 13 percent weightage in the main index, dropped as much as 97 rupees making it the top loser in the index.

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