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LIVE BLOG: Sensex, Nifty plunge to 2011 lows
The BSE Sensex and Nifty plunged to fresh 2011 lows in Wednesday trade, a day before the expiry of derivatives contracts, amid renewed worries about faltering global growth.
Good day for RIL shares
Shares in Reliance Industries, India’s top listed firm, gained 4 percent on Friday, helping the benchmark Sensex post gains of more than 250 points.
RIL, which has the highest weight in the Sensex, ended with volumes of 944,021 on BSE.
BSE Power Index gains
Power stocks posted decent gains on Tuesday, sending the power index up 1.15 percent to the top of the sectoral gainers list.
ABB shares topped the index, closing 4.6 percent higher, followed by Siemens which gained 3.7 percent.
Shares in Maruti jump
Shares in automobile companies rose on Wednesday on hopes of buoyant demand during the September-to-December festive season.
Top car maker Maruti Suzuki rose 3.6 percent after Bank of America-Merrill Lynch upgraded it to buy from underperform.
FMCG index up 1.1 pct
Shares in FMCG index posted decent gains on Thursday, with stocks like Nestle India gaining 3.7 percent and ending as top gainer in the index.
Ruchi Soy gained 3.15 percent, while Godrej Consumer Products gained 1.8 percent.
Weak day for banking counters
The BSE Banking index ended down 0.5 percent on Tuesday, with stocks such as Union Bank, Canara Bank and Oriental Bank of Commerce slipping more than 3 percent.
Bigger players like ICICI slipped 0.9 percent but SBI bucked the trend and gained 0.8 percent in the session.
Reliance Industries shares gain more than 1 pct
Shares in Reliance Industries, India’s top listed firm, gained 1.1 percent on Tuesday, helping the benchmark index close marginally up.
The stock, which has the highest weight on the main index, closed at 1,026 rupees.
Infosys shares hit record high
Shares in Infosys Technologies, India’s second-largest outsourcer, rose as much as nearly 2 percent to a record high of 2,882 rupees on Friday on optimism about quarterly earnings next week.
The company unveils its quarterly earnings on June 13. Its earnings are often dubbed as a trendsetter for sectoral peers.
Disappointing start to IPO season
Oil India Ltd’s ads in newspapers and business glossies may help in building a much-needed tempo before its public offering of shares, but if the disappointing listing price of Adani Power and NHPC is any cue to go by, then the days ahead for costly IPOs may not be worry-free.
The energy explorer, which deferred an IPO last year amid the global financial crisis, has lined up a $500-$600 million public offering which will open on September 7 and close on September 10. The price band has been set at 950 to 1,050 rupees a share.
Airline stocks face the heat
Airline stocks failed to bring cheer to the market on Monday after the Federation of Indian Airlines (FIA) called off plans for a one-day strike later this month.
Private airline operators had on Friday announced they would suspend operations on August 18 to protest the lack of government relief for the ailing industry.
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- Fed keeps buying bonds, but sees economic risks easing
- Instant view: U.S. Fed to keep buying bonds
- Wall St falls after 'status quo' Fed statement
- World shares flat, dollar steady before Fed decision
- EU fines Ranbaxy, others for blocking cheaper drugs
- Half-way to lost decade, Europe's growth task as tough as ever
- Rupee gains, but still close to record low
- World Bank watching U.S. Fed, ready to respond
- Sensex ends higher ahead of Fed decision
- India to consider allowing extra wheat exports on Friday
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