Money on the markets

A maturing market amid the mayhem

BSE Oil & Gas Index gains

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INDIA/ONGC

The BSE Oil & Gas Index ended 2.3 percent higher on Thursday on reports that state-run oil companies may get cash instead of oil bonds as compensation.

Shares in ONGC ended 2.9 percent higher while Hindustan Petroleum rose 1.2 percent. Aban Offshore led the list of losers on the Oil and Gas index with a 1.4 percent drop.

Sensex heavyweight Reliance Industries ended 2.9 percent up with volumes of 1.9 million shares.

The government has been issuing bonds to cover losses at state oil refiners like Indian Oil Corp and Bharat Petroleum Corp Ltd, which are required to sell fuel and cooking gas at lower than market price to control inflation and help the poor.

Reliance Industries drops

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CHEMICALS INDIA RELIANCE

Shares in index heavyweight Reliance Industries dropped 1.8 percent on Monday, after it raised $763 million through share sale.

The share sale by energy major Reliance Industries, is seen as part of the company’s bid to take control of Luxembourg-based LyondellBasell.

Realty stocks surge in weak market

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Realty stocks closed the week on a positive note even as the market ended in the red. The BSE Realty Index gained over 3 percent in trade and was the top sectoral performer.

All shares in the index, except Phoenix Mills, ended positive with Peninsula Land gaining nearly 10 percent.

Firm rupee hurts IT stocks

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Shares of technology firms struggled on Thursday with the sectoral index falling 2.2 percent, as a firmer rupee dented sentiments.

The index ended as the top loser among sectors. Shares in Mphasis ended with losses of 3.2 percent.

Maruti drops, mixed day for auto counters

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Shares in Maruti Suzuki dropped 3.5 percent on Wednesday after the Reserve Bank said foreign institutional holdings had reached a trigger limit and fresh purchases would need its prior approval.

Its shares closed at 1462.6 rupees and ended as the top loser among Sensex components. It was also among the top losers in the BSE Auto Index.

Bad year for telecom counters

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TELECOMS INDIA INVESTMENT

Telecom stocks had a bad year with top counters such as Bharti Airtel and Reliance Communication slipping 8 and 23 percent respectively in 2009.

The overall market however gained as much as 80 percent during the year.

The Sensex ended 81 percent higher at 17465 and gained more than 7,000 points, its biggest yearly gain since 1991.

Small-cap stocks trade firm in a lacklustre market

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INDIA-BUDGETThe BSE Small-Cap Index gained over 1 percent on Wednesday even as the overall market ended weak, with the Sensex slipping 58 points.

Topping the index was Nitin Fire, which jumped 20 percent in trade. Eight stocks in the index gained over 10 percent.

Reliance Power jumps

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INDIA ENERGY

Shares in power and utility firm Reliance Power jumped nearly 5 percent on Tuesday after the company said it expected to start generating more than 3,000 megawatts of power by 2012.

Shares in the company rose over 6 percent in intra-day trade and finally closed 4.9 percent higher at 154 rupees with volumes of 2.8 million shares.

How was 2009 for you?

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2009 was the year of recovery for India Inc.

Economic data indicates that India is on the path of recovery. The stock market has bounced back smartly from its lows in March. IPOs made a comeback as investors’ risk appetite improved.

How was the year for you? Did your investments work? Which was your favourite stock pick or investment avenue?

ITI shares jump

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INDIA

Telecom gear maker ITI Ltd jumped after the government extended until September 2010 a requirement for state-run telecoms to source 30 percent of equipment orders from it.

Shares in the counter jumped almost 17 percent to a 52-week high of 53.20 rupees before ending 11.2 percent higher at 50.65.

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