Money on the markets

A maturing market amid the mayhem

Sensex climbs 5.1 pct, expiry watched

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The Sensex ended 457.34 points up on Monday after a fresh plan to clean up the U.S. financial sector set off a strong rally across Asia.

Gains were led by Reliance Industries which rose 7.5 percent, NTPC (up 3.4 percent), ICICI Bank (up 7.3 percent) and Housing Development Finance Corp (up 8.4 percent) led the gains.
INDIA/
The U.S. government, in its latest move to rescue the economy from the clutches of a deep recession, has introduced a $1-trillion plan to rid banks’ balance sheets of bad loans and securities.

The Banking Index was up 6.6 percent on overall improvement in investor sentiments, while the Oil & Gas Index rose 6.4 percent on hopes of a recovery in the U.S. economy as crude oil prices rose toward $53 a barrel.

Tata Motors was up 3.2 percent at 166, ahead of the launch of the ultra low-cost “Nano”.

Sensex, Nifty rally; Satyam falls

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The Sensex closed 4.9 percent higher on Friday to post its biggest rise in three months, as investor confidence was bolstered by a jump in other Asian markets following positive news from the United States.

The benchmark closed 412.86 points up at 8756.61, supported by index heavyweights Reliance Industries (up 6.6percent), ICICI Bank (up 8.6 percent) and Infosys (up 5.6 percent).

Sensex gains amid mixed econ data

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The Sensex closed 2.25 percent higher on Thursday, as gains on Wall Street and positive inflation data boosted investor sentiments.

INDIAThe benchmark closed 183.35 points up at 8343.75, supported by index heavyweights Reliance Industries (up 4.1 percent), ICICI Bank (up 8.1 percent) and Infosys (up 2.5 percent).

Sensex loses ground; Satyam jumps on renewed hopes

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The Sensex closed nearly 2 percent down on Monday as worries over the world economy hit investor sentiments.

The benchmark closed at 8160.4, dragged down by index heavyweights Reliance Industries (down 1.4 percent), ITC (down 4 percent) and Hindustan Unilever (down 3.3 percent).

Sensex gains on bargain hunting

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The BSE Sensex closed 1.56 percent higher on Friday as investors saw an opportunity in the battered market that had plunged to its lowest in three years in the previous session.

The benchmark closed at 8352.82, supported by index heavyweights Reliance Industries (up 1.8percent), NTPC (up 2.2 percent) and Bharti Airtel (up 2.1 percent).

Sensex ends flat, GDP data disappoints

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The benchmark index shed 0.7 pct on Friday as disappointing growth data for the third quarter dampened investor sentiments.

Data released today showed the economy grew 5.3 percent in the December quarter from a year earlier, its slowest annual pace in almost six years, as the global economic crisis cut demand and exports. MARKETS-SOUTHASIA-STOCKS

Markets end higher on expiry day

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Well things looked shaky in the morning with the Sensex in negative territory, but it managed to recover in late trade to close 52 points up at 8954.86.

Buying was seen in index heavy weights such as Reliance Industries, Infosys and Bharti Airtel.MARKETS-SOUTHASIA-STOCKS/
Autos appeared to be the flavour of the day with the BSE Auto Index closing 2.7 pct higher.

Sensex snaps 2-day fall; expiry watched

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After gaining nearly 2 percent during trade, the benchmark index pared gains and closed just 80.5 points higher at 8902, as cuts in factory gate duty and service tax triggered short covering ahead of the expiry of monthly derivatives contracts.
MARKETS SOUTHASIA STOCKS
The day belonged to auto and metal stocks, which appeared attractive on expectation the duty cuts on Tuesday will boost sales.

The BSE Auto Index closed 3 percent higher and the BSE Metal Index ended 1.2 percent up. Apollo Tyres, Tata Motors (trucks) and Ashok Leyland have slashed prices after yesterday’s announcement.

Duty cuts limit Sensex losses

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The benchmark index started off on a shaky note and ended Tuesday’s session with losses of 0.24 percent after briefly hitting positive territory on the finance minister’s comments to reduce factory gate duties and service tax.INDIA

The sectoral picture looked weak with all sectors closing in the negative. The BSE Metal Index lead the pack with losses of 2.3 percent and was closely followed by the Banking Index which ended down 1.3 percent.

Stimulus hopes boost investor sentiments

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The BSE Sensex ended on a strong note on Monday, extending gains to more than 3 percent on hopes of fresh economic stimulus measures and another round of rate cuts by the Reserve Bank of India (RBI).

Gains were led by heavyweights like Reliance Industries, which was up 3.3 percent; ICICI Bank, which rose 5.1 percent, and State Bank of India which added 2.6 percent.

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