Money on the markets

A maturing market amid the mayhem

Sensex ends 1 pct higher after volatile session

Indian markets remained volatile throughout the day but the Sensex managed to close nearly 1 percent higher, tracking gains in global bourses.

A weak early morning session was followed by a bounce back, leading the benchmark index to 9302. But it pared gains later to close at 9149.

Index heavyweights like Reliance Industries (up 1.9 percent), ITC (up 1.8 percent) and Bharti Airtel (up 1.5 percent) led the rise.

Oil & Gas stocks did well in trade, sending the Oil & Gas index up 1.4 percent. Shares in Cairn India, Reliance Petro and ONGC ended with decent gains.

Weak start to week, mkts slump nearly 4 pct

The week started on a negative note today, as the Sensex dropped more than 350 points to close 3.8 pct down.

Investor sentiments have been hit yet again by weak U.S. data for the fourth quarter and a survey that showed Indian manufacturing activity fell for a third straight month in January.

Sensex slips, RBI policy eyed

The Sensex took a hit on Friday as disappointing corporate results outlook and fading hopes of a rate cut sent it down to its lowest close in two months. The benchmark index dropped 1.5 percent to close at 8,674.

Energy giant Reliance Industries bucked the trend and rose 1.8 percent on lower-than-expected fall in quarterly profit.

Outsourcer Satyam jumped 31 percent. U.S.-listed iGate has told the Satyam board that it is interested in buying the firm.

Markets lacklustre as results pour in

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.

Obama magic fails to fire up markets

Bad day for the equity markets as the Sensex plunged 3.5 percent to close at 8779.

The Obama magic failed to enthuse investors which was evident from the 4 percent fall in Dow Jones Industrial Average (DJIA) after his inaugural speech.

Market begins week on cautious note

It was a day of weak trade on Dalal Street as the Sensex ended with a small gain of six points.

Worries over domestic quarterly numbers continue to weigh on sentiments as investors look for cues from U.S. President-elect Barack Obama’s inaugural speech, due on Tuesday, which should give some idea about his likely policy measures for growth.

  •