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Good day for RIL shares

Shares in Reliance Industries, India’s top listed firm, gained 4 percent on Friday, helping the benchmark Sensex post gains of more than 250 points.

RIL, which has the highest weight in the Sensex, ended with volumes of 944,021 on BSE.

The stock had hit an intra-day low of 980 rupees but managed to recover.

Do you think it is the right time to invest in RIL shares?

Real estate index rises

Stocks of real estate firms posted decent gains on Thursday, with HDIL standing out with a 9 percent jump.

The realty index closed 2.2 percent higher, topping the BSE sectoral indices table.

IOC shares surge

Shares in Indian Oil Corporation ended 10.96 percent higher on Wednesday. Its chairman said the firm aims to raise $4.4 billion in January through a FPO and that the pricing for offer was likely to be at 450 rupees apiece.

Shares were up as much as 14 percent during trade.

The Indian government is selling a 10 percent stake, while the company will offer an equal number of new shares to raise 20 billion rupees, making the sale the biggest-ever share offering in the Indian market.

Reliance Industries gains

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Reliance Industries gained 3.7 percent on Monday, recovering from the recent underperformance.

Shares in India’s top listed firm closed at 998.2 rupees after helping the benchmark index gain more than 200 points.

Bank index falls on probe report

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The banking index ended 2.9 percent lower on reports pointing to a probe into loans issued by some financial institutions, adding to investor nervousness.

After market hours, the CBI arrested eight top officials from banks and financial firms on charges of taking bribes to grant corporate loans.

SKS Microfinance shares rise

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Shares in microlender SKS Microfinance rose 5.75 percent to close at 714.45 rupees on Monday.

Shares took a beating on Thursday and fell 20 percent after the lender said the new regulations could squeeze profit and revenue. However, SKS on Friday said its balance sheet was healthy.

Realty stocks end lower

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It was not a great day for markets and real estate stocks especially, as the sectoral index slipped 3.84 percent.

Indiabulls Real Estate ended down 5.86 percent, followed by DB Realty which slipped 4.6 percent.

Metal stocks post decent gains

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The BSE Metals index gained 1.9 percent on Thursday, with stocks like Hindalco and JSW Steel posting top gains.

Hindalco shares closed 4.8 percent higher at 222.35 rupees, JSW Steel gained 3.5 percent. Jindal Steel and Power ended down 1.8 percent as the top sectoral loser.

Realty stocks fall

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It was a tough day for those who invest in real estate stocks as the BSE Realty index fell 4.76 percent on Friday, in a Mumbai market that fell more than 400 points.

Sobha Developers was worst hit in the sector, ending down 6 percent. Unitech shares fell 5.9 percent, while DLF slipped 5.46 percent.

Weak day for metal stocks

The BSE Metals index ended down more than 2 perncent on Wednesday with stocks like Sterlite Industries and Sesa Goa slipping more than 3 percent. Tata Steel fell 2.7 percent.

Such stocks declined as base metals prices fell in London and Shanghai following a sell-off in the international market on Tuesday after China’s first rate rise since 2007.

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