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?

Sensex H1 performance

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India’s benchmark stock index did reasonably well in the first half of 2010 as compared to its emerging market peers. The Sensex gained 1.4 percent during the period, and outperformed China’s Shanghai Composite Index and Brazil’s Bovespa which declined 9.6 percent and 26.8 percent respectively.

Shares in Reliance Industries, India’s top listed firm which has the heaviest weight in the index, barely changed during the period, but a Supreme Court ruling on a gas dispute and Ambani brothers reconciliation kept the company in focus.

Infosys, HDFC Bank touch 52-week highs

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The BSE Sensex closed 52 points lower on Wenesday, but many top counters touched their 52-week highs in trade, Thomson Reuters data shows.

Top IT stocks Infosys, Wipro and TCS touched their 1-year highs as the BSE IT index closed 0.7 percent higher.

Sensex ends flat after recovering early losses

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The BSE Sensex erased early losses to end flat, tracking global markets as concerns about the prospects for an economic recovery pushed key indices into negative territory.
INDIA-STOCKS/6PCT
The market remained volatile ahead of the expiry of the current months derivative contract on Thursday. The rise in the benchmark was led by Reliance Industries, HDFC, BHEL and ONGC.

The 30-share sensitive index swung from an intra-day high of 14,394 to an intra-day low of 14,016 and closed 2.1 points lower at 14,324. The fifty-share Nifty ended 0.28 percent up at 4,247.

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 gains 1.8 pct, Satyam surges

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INDIA-STOCKS/The stock market traded firm today and extended gains by 1.8 percent after an extended weekend.

The Sensex closed 186 points higher at 10,534.8, as strong Asian markets helped boost investor sentiments.

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