Money on the markets

Realty stocks weak in firm mkt

Realty stocks had a weak trading day on Wednesday with the sectoral index slipping 1 percent, even as the Sensex gained over 200 points tracking positive global cues.

Indiabulls Real Estate slipped 3.3 percent and was the top sectoral loser, while DLF and Unitech lost 1.3 percent and 0.7 percent respectively.

Shares in Anant Raj Industries gained 2.8 percent, making it the top gainer in the realty index.

A recent newspaper report quoting CLSA said the time was ripe to build exposure to real estate stocks, post the Reserve Bank of India’s step to take away money from banks and a lesser-than-expected rush to raise money from the primary market.

The index has fallen 3.7 percent this month. Do you think this is the right time to invest in these counters?

Sensex gains on strong economic data

The BSE Sensex ended 2.6 percent up on Thursday on good corporate results and robust economic data.

Data released on Thursday showed infrastructure output grew 6.5 percent in June while the Wholesale Price Index fell 1.17 percent in the 12 months to July 11.

The 30-share sensitive index swung from an intra-day low of 14,843 to an intra-day high of 15,264 and closed 388 points higher at 15,231.

The fifty-share Nifty ended 2.8 percent up to 4,523.

On the sectoral front, the BSE Realty Index rose 5.08 percent, followed by the Consumer Durable Index which ended 4.4 percent higher. All other indices ended the day in the green.

Bharti Airtel came out with forecast-beating 24 percent rise in quarterly profits, while Maruti Suzuki reported an unexpected 25 percent rise in quarterly net profits.

Shares in Bharti Airtel ended 1.09 percent down at 813, while Maruti Suzuki ended 6.4 percent higher at 1295 rupees.

TCS leads Sensex over 15,000

The BSE Sensex extended gains on Monday to cross the 15,000 mark as hopes of recovery in corporate earnings boosted confidence worldwide.

The 30-share sensitive index swung from an intra-day low of 14,854 to an intra-day high of 15,209 and closed  446 points higher at 15,191. The fifty-share Nifty ended 2.91 percent higher at 4502.

IT stocks rose on better-than-expected Q1 results by TCS, India’s largest IT exporter by sales, announced after trading hours on Friday. Shares in TCS ended 15.34 percent higher at 500.10 rupees.

On the sectoral front, the BSE IT Index rose 7.2 percent, followed by the Realty Index which ended 4.91 percent higher. However, the BSE FMCG Index closed 0.49 percent lower.

Shares in Reliance Industries, which challenged a lower court ruling to supply gas to Reliance Natural at below-market price, ended 5.03 percent higher, while Reliance Natural shares were down 2.6 percent.

Do you see the market uptrend continuing this week?

Sensex tanks on global economic worries

Selling pressure pulled the BSE Sensex below 14,000 on Wednesday as concerns over global economic recovery spooked financial markets all around.

Trade was volatile and the 30-share sensitive index touched an intra-day low of 13,701 before closing 401 points lower at 13,769. The fifty-share Nifty ended 2.93 percent down at 4,078.

The fall in the benchmark was led by L&T, ICICI Bank, Reliance Industries and HDFC Bank.

On the sectoral front, the BSE Realty Index dropped 8.47 percent, followed by the Capital Goods Index which ended 5.05 percent lower. All other indices ended in the red.

On the global front, Asian and European markets felt the selling heat as investors pulled funds out of bets on the global economic recovery.

Doubts about the strength of the global economy saw oil prices falling more that a dollar. Do you think the Sensex fall is a sign of a downtrend setting in, or is it a correction that will see the benchmark scaling new heights?

Sensex slips on profit-booking

The BSE Sensex came under heavy selling pressure as investors booked profits in a market that has risen 80 percent since early March.

The 30-share sensitive index swung from an intra-day high of 14,668 to an intra-day low of 14,269 and closed 195 points lower at 14,326. The fifty-share Nifty ended 1.8 percent down at 4,235.

The fall in the benchmark was led by Reliance Industries, Bharti Airtel, Tata Power and NTPC.

On the sectoral front, the BSE Oil & Gas Index dropped 3.3 percent, followed by the Power Index which ended 2.4 percent lower. However, the BSE FMCG Index closed 0.49 percent higher.

On the global front, Asian markets rose on Monday while European markets traded weak. Oil was trading below $69 a barrel, pressured by a stronger dollar. A strong dollar can limit the demand for oil and commodities.

FIIs sold net $5.4 million in shares and bought $21.8 million in debt.

Sensex snaps 14 weekly run of gains

The BSE Sensex advanced on Friday tracking world markets after positive U.S. economic data boosted investor sentiment and cemented hopes of a global economic recovery. The benchmark, however, snapped a run of 14 weekly gains. The 30-share sensitive index swung from an intra-day low of 14,179 to an intra-day high of 14,559, and closed 256 points higher at 14,521. The fifty-share Nifty ended 1.4 percent up at 4313.

The rise in the benchmark was led by L&T, Infosys, ITC and HDFC Bank.

On the sectoral front, the BSE Capital Goods Index advanced 4.5 percent, followed by the Realty Index which ended 3.1 percent higher. All other BSE Indices closed the day in the green.

Do you think the positive sentiments across the globe will help the Sensex regain 15,000 levels?

Sensex slips 1.7 pct; WPI slips to 30-year low

The BSE Sensex traded weak on Thursday as investors continued to book profits after it surged nearly 80 percent since early March.

The 30-share sensitive index swung from an intra-day high of 14,631 to an intra-day low of 14,188, and closed 257 points lower at 14,266. The fifty-share Nifty ended 2.4 percent down at 4251.

The fall in the benchmark was led by L&T, ICICI Bank, ONGC and Reliance Industries.

On the sectoral front, the BSE Realty Index dropped 5.8 percent, followed by the Metal Index which ended 4.8 percent lower. However, BSE IT Index closed 0.17 percent higher.

WPI fell 1.61 percent in early June on an annual basis for the first time in three decades.

FIIs sold net $47.3 million in shares and $7.5 million in debt.

Do you think the current sell off will continue on Friday? Will the Sensex slip below the 14,000 mark?

Sensex at 9-mth high; investors cheer econ data

The BSE Sensex traded firm on Monday as investors cheered improved manufacturing data at home and signs of recovery in the global economy.

The benchmark stayed mostly in positive territory, touching an intra-day high of 14,906 and finally closing 215 points higher at 14,840 – its highest close in almost nine months. The fifty-share Nifty ended 1.8 percent higher at 4529.

Data released on Monday showed manufacturing activity expanded for a second straight month in May to its highest level in eight months. Exports fell by 33.2 pct from a year earlier to $10.74 billion, while imports dropped by 36.6 percent to $15.75 billion.

Global sentiments were upbeat on positive Chinese manufacturing data.

The main contributors to the benchmark’s rise were Infosys, HDFC, ITC and NTPC.

The BSE Mid-Cap Index (up 2.9 percent) and the Small-Cap Index (up 3.5 percent) continued their rally.

On the sectoral front, the BSE Realty Index rose 5.6 percent, followed by the Metal Index which ended 5.3 percent higher. The BSE Banking Index however ended down at 0.8 percent.

Sensex gains in choppy trade

The Sensex fell more than 3 percent early on Tuesday paring yesterday’s gains, but got right back into action on strong domestic buying and closed 0.1 percent up with support from positive global cues.

The benchmark swung from 13,840 in early trade to an intra-day high of 14,930 and then closed at 14,302 on profit taking. The index had gained more than 17 percent on Monday. The Nifty declined to 4,318.45, down 4.7 points.

The rise in the benchmark was led by L&T, ICICI Bank, L&T and SBI.

On the sectoral front, the BSE Realty Index rose 12.8 percent, followed by the Banking Index which ended 6.8 percent higher. The BSE IT Index, however, ended lower at 10.1 percent on a firm rupee.

FIIs bought net $11.1 million in shares and $6.7 million in debt.

At this juncture, do you think the choice of candidates for key government posts will play a role in guiding the markets?

Sensex gains in choppy trade; stress test results eyed

The BSE Sensex closed 1.37 percent higher on Thursday, tracking a rally in global markets on ebbing concerns about the health of the financial sector and the global economy.

Trade was volatile and the benchmark closed 164.19 points higher at 12,116.94, while the Nifty ended 1.62 percent higher at 3,683.90.

The rise in the Sensex was led by Reliance Industries, Sterlite Industries and HDFC.

IT stocks fell for the second straight day on the U.S. government’s tax plans but managed to close 0.06 pct higher, but analysts believe that the outsourcing benefit may be more than the tax paid by U.S. companies. TCS was down 0.4 percent and Infosy shed 0.8 percent.

On the sectoral front, the BSE Metal Index gained nearly 8.2 percent. This was followed by the Realty Index which ended up 1.9 percent. However, the BSE FMCG Index ended lower at 0.71 percent.