Money on the markets

A maturing market amid the mayhem

Would you buy a ULIP? Share your views

Photo

It was not the perfect weekend for investors of unit-linked insurance products (ULIP) after market regulator SEBI barred 14 insurance firms from issuing or promoting such plans, which are a favourite among investors.

But Finance Minister Pranab Mukherjee said on Monday SEBI and insurance regulator IRDA have agreed to maintain status quo on ULIPs and also jointly seek a binding legal mandate from an appropriate board.

Such products, which offer a combination of insurance and investment, were introduced in 2001 and Mukherjee’s statement came as a relief for people who invest in ULIPs to ride the stock market and also save on taxes.

But should the stock market be worrying? Media reports say local insurance firms invested close to 620 billion rupees in equities in 2009/10 of which ULIPs accounted for roughly 500 billion rupees, according to insurance industry estimates.

Auto stocks post decent gains

Photo

The BSE Auto Index gained 1.27 percent on Friday, as a top industry body official said he expected Indian vehicles sales to reach a record high for the second year in a row in 2010/11.

Shares in Tata Motors rose 4.5 percent to 808 rupees and ended as the top gainer among the Sensex and auto index components.

Reliance Industries jumps nearly 3 percent

Photo

Shares in Reliance Industries, India’s top listed firm, gained nearly 3 percent on Monday to 1125 rupees, boosting the BSE Oil & Gas Index over 2 percent.

The energy major was also the top contributor to the Sensex’s surge of nearly 250 points to its 25-month closing high.

Over 95 stocks hit 52-wk high on BSE

Photo
Over 95 stocks hit 52-wk high on BSE It was a good day at the bourses with over 95 BSE stocks touching their 52-week high on Friday. Some stalwarts that made it to the list included HDFC Bank, Tata Steel, Hindalco and PNB. HDFC Bank gained 1.1 percent and Tata Steel jumped 1.2 percent. Bajaj Auto and Hero Honda also touched 1-year highs during trade. Autos and financials helped the Sensex gain 85 points to 17,644, with support coming in from firm Asian markets. Seeing these stockssdaf;ljsdlkjflksdajflk;jsadkljfo k rise, would you invest in them now?

It was a good day at the bourses with over 95 BSE stocks touching their 52-week high on Friday.

Some stalwarts that made it to the list included HDFC Bank, Tata Steel, Hindalco and PNB.

Hero Honda jumps over 4 percent

Photo
Hero Honda jumps over 4 percent Shares in Hero Honda gained more than 4 percent on Thursday as markets ended firm with the Sensex rising by 107 points. BSE Auto index rose 0.46 percent. Amtek Auto climbed 1.4 percent whereas Ashok Leyland gained nearly 1 percent. Among losers, Tata Motors’ stock had a weak trading session and ended down 1.87 percent. Maruti Suzuki slipped 1.47 percent. Do you have a favourite auto stock for investment at this stage?

Shares in Hero Honda gained more than 4 percent on Thursday as markets ended firm with the Sensex rising by 107 points.

BSE Auto index rose 0.46 percent.

Amtek Auto climbed 1.4 percent whereas Ashok Leyland gained nearly 1 percent.

Among losers, Tata Motors’ stock had a weak trading session and ended down 1.87 percent. Maruti Suzuki slipped 1.47 percent.

Mixed day for banking stocks

Photo

It was a mixed day of trade for banking stocks on the bourses on Tuesday as the sectoral index closed marginally higher, but stocks like HDFC Bank gained over 2 percent and PNB jumped 1.9 percent.

Of the 17 stocks in the index, 11 closed in green, led by HDFC Bank. Kotak Mahindra Bank was the worst index performer, as it ended with losses of 2.1 percent.

HUL shares gain 2.6 percent

Photo

Shares in Hindustan Unilever (HUL) gained 2.6 percent on Monday to close at 225.3 rupees and was among the top Sensex gainers even as markets ended flat.

The volumes stood at a little over 1 million shares on BSE.

Hurt by the pricing war in the detergent space, HUL shares had been struggling and lost more than 8 percent over the past two sessions.

Weak day for realty counters

Photo

Realty stocks ended the week on a negative note with the sectoral index slipping 0.8 percent to end as the top loser among sectors.

Sobha Developers led the fall with a 3.4 percent decline, followed by Peninsula Land which fell 2 percent.

HUL shares fall over 4 pct

Photo

Consumer goods maker Hindustan Unilever fell over 4 percent on Thursday to close at 229 rupees and was the top loser among Sensex components.

The firm, which is a unit of Anglo-Dutch firm Unilever, also ended as the top loser on the BSE FMCG Index, which dropped 0.8 percent and was one of the top sectoral losers.

Capital goods index gains over 1 pct

Photo

The BSE Capital Goods Index gained over 1 percent on Thursday in a broader market that ended flat a day before the annual budget.

Index counters like Kirloskar Bros, Thermax and Crompton Greaves gained over 3 percent each.

  •