Money on the markets

A maturing market amid the mayhem

RIL shares jump over 3 percent


Shares in Reliance Industries (RIL) gained 3.4 percent on Monday on a newspaper report that the country’s top listed firm was in acquisition talks overseas.

The Economic Times said the company was close to a nearly $6 billion acquisition and the likely target was the assets of petrochemicals firm LyondellBasell.

RIL closed at 2,024.5 rupees and was the top contributor to the Sensex’s rise of 340 points, which saw support from banking counters too.

Reliance shares have gained 4.8 percent in November, a tad better than the return of the BSE Oil & Gas index.

Weak day for oil & gas stocks


RELIANCE-OIL/The BSE Oil & Gas index dropped 1.7 percent on Tuesday, ending as the top sectoral loser of the day as shares of Reliance Industries and ONGC slipped.

Essar Oil was the top loser in the index, closing down 4 percent. ONGC too came under pressure and slipped 2.4 percent.

Reliance Industries – star performer of the day


RELIANCE-OIL/Shares in Reliance Industries (RIL), India’s top listed company, surged 4.5 percent on Wednesday to 2169 rupees, helping the Sensex close marginally in the green.

RIL shares have been on the rise for four consecutive trading sessions now, adding over 12 percent over the period.

Reliance Ind shares fall 3.7 pct


Reliance Industries, India’s top listed company, struggled on the first trading day of the week after posting disappointing results on Friday.

The energy major slipped 3.7 percent to close at 1939 rupees, dragging the BSE Oil & Gas Index down 3 percent.

Market ends flat, L&T down after results


INDIAIt was a lacklustre day for the Sensex which ended three points lower at 14,250 as investors booked profits after a two-day rally.

Engineering and construction firm Larsen & Toubro fell 3.6 percent and was the main stock that pushed the benchmark lower. Earlier in the day the company had announced its Q1 net profit had risen to 15.98 billion rupees.

Sensex down 0.77 pct led by Reliance


MARKETS-INDIAThe Sensex clawed back from mid-day losses on Monday but still closed 103 points lower at 13400, adding to last week’s slide of over 1400 points.

Worries about the global economy and corporate results weighed on investor sentiments throughout trade, which saw the benchmark hitting the day’s low of 13,220.

Sensex drops over 1400 pts over the week


INDIA-BUDGET/After the stock market’s thumbs down to the budget on Monday, the weakness continued all week with the Sensex registering a drop of over 1400 points in five sessions.

On Friday the benchmark closed 253 points lower at 13,504 on worries over the monsoon and global economy.

Market ends flat, no cues from economic survey


MARKETS SOUTHASIA STOCKSThe Sensex ended just 13 points higher at 14,658 after a volatile session as investors awaited budget announcements next week.

The government released the economic survey report on Thursday which said India could see growth of around 7 percent this year if it makes sweeping reforms and speeds infrastructure development. (Click here for complete coverage)

Markets gain 1 pct in volatile trade


INDIA-STOCKS/20KThe benchmark managed to close 1 percent up in volatile trade as investors awaited cues from the approaching budget.

Reliance Industries, Bharti Airtel and SBI led the rise, whereas DLF, M&M and Reliance Infra ended as the top index gainers.

Sensex drops 292 points


MARKETS-SOUTHASIA/STOCKSIn pre-budget pessimism, investors booked profits on Tuesday shaving nearly 300 points off the benchmark.

The Sensex closed 1.97 pct down at 14,494, while the Nifty slipped 100 points to 4,291.