Money on the markets

A maturing market amid the mayhem

Healthcare stocks firm in a weak market

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Shares of healthcare companies traded firm on Thursday, helping push the sectoral index up 1.4 percent to the top of the gainers’ list.

Ranbaxy Labs gained 3.3 percent and ended as the top gainer in the healthcare index. Cipla and Sun Pharma were also among the shares that clocked decent rises.

Investors in this sector should be happy, with the healthcare index gaining 7.3 percent since mid-March, and a little over 8 percent in 2010. During this period, the Sensex has seen a fall of 2.7 percent.
In fact, Pharma mutual funds topped the charts in March, returning 10.8 percent on an average.  Experts said the passage of the U.S Healthcare Bill helped stocks of healthcare firms.

Going ahead, would you invest in such funds or stocks?

Market rises on short covering

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INDIA-BUDGETThe good times continue for the market. The benchmark extended its rally on Thursday and ended 186 points up as investors covered short positions on the last date of derivatives expiry.

Engineering firm L&T beat forecast with strong quarterly numbers. Its shares closed 2.3 percent up.

Sensex gains 26 points, Bharti falls

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INDIA-BUDGETThe Sensex seesawed through the day to end marginally higher at 13,913 points, after a historic last week when it had surged over 14 percent.

Bharti Airtel was in the limelight after it announced the restart of merger talks with South Africa’s MTN. The news saw Bharti’s shares closing 5.4 percent down on fears that its earnings would initially be diluted after the deal. The counter had risen by over 8 percent earlier in the day.

Sensex ends marginally higher, ICICI jumps

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MARKETS-SOUTHASIA-STOCKS/The stock market seesawed throughout trade today and ended marginally higher at 11,372, as investors covered short positions ahead of the monthly derivatives expiry.

The benchmark had risen over 1 pct during trade, but was unable to sustain it and closed just 42 points higher.

Sensex falls 2.9 pct to lowest close in 3 years

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MARKETS-SOUTHASIA/STOCKSThe Sensex closed 2.9 percent down on Thursday to its lowest close in 3 years, as worries over the economy remained despite rate cuts by the RBI yesterday.

The benchmark closed at 8198, dragged down by index heavyweights Reliance Industries (down 5 percent) and ITC (down 3.5 percent).

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.

Markets lacklustre as results pour in

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It was a results packed day as big companies like Reliance Industries, Bharti Airtel and Ranbaxy reported their quarterly earnings.

The profits of Reliance Industries, India’s largest listed company, fell 9.8 percent, its first drop in three years. Ranbaxy Labs’ foreign exchange losses pushed it into the red in the December quarter.

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