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Mahindra Satyam shares jump on earnings

Software services exporter Mahindra Satyam jumped 11.7 percent to 64.65 rupees after the firm reported its third quarter net profit, which more than doubled from a quarter ago.

The company also said that it put a planned merger with its parent firm, Tech Mahindra, on hold.

Shares in Tech Mahindra ended 10.6 percent higher.

Do you think it is a good time to buy Mahindra Satyam’s shares?

Satyam jumps, decent gains for other IT stocks

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Shares in Mahindra Satyam gained 6.1 percent on Tuesday to close at 106.05 rupees. IT stocks in general posted decent gains, boosting the BSE IT Index 0.4 percent.

Shares in Mahindra Satyam have notched good gains, rising over 8 percent this year. Its shares had hit a low of 11.5 rupees almost a year ago after the then chief, R Raju, had confessed that the company’s profits had been overstated for years.

IT space struggles but Satyam soars

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INDIA-SATYAM/NATHShares in Mahindra Satyam closed nearly 8 percent higher on Thursday, bucking the trend as the overall IT space remained weak.

The BSE IT index closed 1.4 percent lower, with stocks such as Infosys and TCS ending down over 1.5 percent. Outsourcers like Infosys which get most of their revenue in dollars, felt the heat as the rupee climbed to a near 13-month high.

Satyam gains in choppy market

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Shares of Mahindra Satyam rose in an otherwise lacklustre market today, ending 5.41 percent higher at 112.95 rupees.

During market hours on Wednesday, Larsen & Toubro Ltd sought permission from market regulators to sell its stake in outsourcer Mahindra Satyam Ltd, according to a company spokesman.

Sensex slips 55 points in choppy trade

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INDIA-BUDGETInvestors today booked profits in a market that had touched a 10-month high on Wednesday, bringing the benchmark down by 55 points.

The Sensex closed at 15,411 after recovering over 150 points from the day’s low. The index was led lower by losses in Infosys, ONGC and SBI.

Sensex extends gains, up 14 pct over 5 sessions

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INDIA-MARKETS/The stock market ended 1.1 percent higher on Friday at 13,887, on account of buying by some funds, taking its gains for the week to 14 percent.

The election result has helped in restoring battered investor confidence.

Heavyweight stocks like Reliance Industries, ICICI Bank and L&T led the benchmark rise.

Profit-taking halts 8-day Sensex rally

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INDIAThe Sensex broke a long positive run today and closed below 11,000 as investors booked profits in a market that had gained over 18 percent in the eight-session rally. The benchmark close at 10947, registering a drop of almost 3 percent

The fall was led by heavyweights like Reliance Industries, which slipped 4.8 percent, L&T, which was down 5.3 percent, and ONGC, which fell 4.8 percent.

Sensex up 1.5 pct, Tech Mahindra jumps after winning Satyam bid

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SATYAM/A rally in global markets today saw the BSE Sensex swing from being briefly negative in early deals to over 11,000 in the last hour of trade, before closing 1.5 percent up at 10,967.

The big news of the day was Tech Mahindra winning the bid for fraud-hit Satyam Computer.

Sensex gains 1.8 pct, Satyam surges

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INDIA-STOCKS/The stock market traded firm today and extended gains by 1.8 percent after an extended weekend.

The Sensex closed 186 points higher at 10,534.8, as strong Asian markets helped boost investor sentiments.

Sensex ends 4.8 pct lower; below 10,000

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INDIA-BUDGETThe Sensex started the week on a negative note, closing 4.8 percent lower after a 12 percent rally last week.

The benchmark index ended at 9,568, having struggled throughout trade as investors booked profits. It had dropped over 5 percent just before close.

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