Money on the markets

Reliance Industries drops

The BSE Sensex fell 0.6 percent at 16,327 led by losses in Reliance Industries, Sterlite Industries and ITC.

Shares in Reliance Industries ended 3.3 percent lower at 997 rupees with a volume of 1.1 million shares.

Reliance Industries fell on speculation that it may have to hike its bid for U.S.-based LyondellBasell or abandon it all together after the target settled a dispute with creditors that paved the way for an exit from bankruptcy.

So far this year, the counter has given a net negative return of over 8 percent. Do you think this is the right time to invest in the counter?

Realty stocks weak in firm mkt

Realty stocks had a weak trading day on Wednesday with the sectoral index slipping 1 percent, even as the Sensex gained over 200 points tracking positive global cues.

Indiabulls Real Estate slipped 3.3 percent and was the top sectoral loser, while DLF and Unitech lost 1.3 percent and 0.7 percent respectively.

Shares in Anant Raj Industries gained 2.8 percent, making it the top gainer in the realty index.

A recent newspaper report quoting CLSA said the time was ripe to build exposure to real estate stocks, post the Reserve Bank of India’s step to take away money from banks and a lesser-than-expected rush to raise money from the primary market.

The index has fallen 3.7 percent this month. Do you think this is the right time to invest in these counters?

Metal index tops sectoral gainers

Metal stocks had a good run on Tuesday which helped push the BSE Metal Index up 1.6 percent in a broader Mumbai market that rose 1.1 percent.

NALCO led the index components with a 4.2 percent rise, followed by Hindalco which gained 3.2 percent.

Only three stocks in the index, including Sesa Goa, closed in the red.

Sterlite Industries rose 2.3 percent to 761.7 rupees as copper prices moved upwards, tracking small losses in the dollar.

The index has lost more than 11 percent since mid-January.

Which is your favourite pick in this sector?

Uttam Galva rises on stake sale

Shares in Uttam Galva rose more than 16 percent after ArcelorMittal said it expects to purchase an additional 4.9 percent stake in the company.

Uttam Galva ended 6.3 percent higher at 112.7 rupees with volumes of over 5 million shares.

So far in the current year, the stock has given a net negative return of over five percent.

Do you think the stock is a good buy at this point in time?

BSE IT Index rises over 2 pct

Export-focused software stocks did well on Tuesday, helping boost the BSE IT Index 2.5 percent to its second straight day of gains.

The broader market ended 0.6 percent up with financials being among the losers.

Sensex heavyweights Infosys, Tata Consultancy Services and Wipro rose 2.9 percent, 1.4 percent and 2.4 percent respectively.

IT stocks have been getting support from the depreciating rupee which hit a seven-week low in the previous session.

All stocks in the IT Index, except Moser Baer, NIIT Tech and Tech Mahindra, ended in the green.

The index has given a net negative return of over 4 percent so far this year. Do you see an uptrend in this sector?

Strong debut for Jubilant Foodworks

Jubilant Foodworks, which runs the Dominos Pizza outlets in India, made a strong trading debut on Monday, closing more than 50 percent above the issue price of 145 rupees.

Shares in the Indian fast food chain touched a high of 241.95 rupees during trade before closing at 229 rupees.

It was the most traded counter on both the BSE and the NSE with a total volume of over 85 million shares.

The company also reported a surge in Oct-Dec net profit to 113.7 million rupees, compared with 17.7 million rupees a year ago. The firm has opened 55 new stores in the current fiscal and plans to open another 10-15 by March 31.

Seeing the sharp rise in the counter on the first day of listing, would you invest some money in its shares?

BSE Oil and Gas Index drops

The BSE Oil & Gas Index dropped 3.4 percent on Friday in a broader market that fell 2.7 percent to its lowest close in three months.

Reliance Industries led the Oil & Gas Index fall with a 3.7 percent drop.

According to CNBC TV18’s business channel, the energy major has submitted a $2 billion expression of interest for private Canadian firm Value Creation Inc, which holds oil sands assets. Reliance fell to 981.30 rupees, its lowest close in three months.

The Oil and Gas Index has posted a near 10 percent fall since January this year and stocks like Reliance Industries and ONGC have dropped over 9 percent and 7 percent respectively?

Do you think these stocks will gain in the near future?

Metal stocks shine

The BSE metal index rallied over 4 percent on Wednesday, with JSW Steel topping the index with gains of over 8 percent. The BSE Sensex jumped over 300 points to 16,496.

Sterlite Industries gained nearly 6 percent and Hindalco ended up 3.3 percent, buoyed by a rise in base metal prices. Tata Steel shares gained 4. 9 percent.

All stocks in the index, except Maharashtra Seamless, closed with decent gains.

The metal index has posted a near 8 percent fall since mid-January and stocks like Sterlite Industries and Tata Steel have dropped over 10 percent and 7 percent respectively.

Do you think these stocks will gain in the near future?

Realty index drops over 2 percent

Realty stocks fared poorly on Tuesday with the sectoral index slipping nearly 2.5 percent in an overall market that dropped nearly 200 points.

Anant Raj Industries ended as the top sectoral loser with losses of over 5 percent. Unitech followed closely with a drop of 4.3 percent. Shares in DLF, India’s top listed realty firm shed 2 percent.

Only three stocks in the index – Ansal Properties, Sobha Developers and Phoenix Mills – ended in the green.

The realty index has dropped over 10 percent in 2010 as compared to a near 7.5 percent fall in the BSE Sensex. Unitech has dropped 11.6 percent and DLF has slipped nearly 10 percent in the same period.

Would you take advantage of the fall and buy some stocks in this sector?

Titan Industries rises

Shares in Titan Industries rose to a lifetime high on Monday. The company announced its quarterly results on January 30 with a net profit of 754.3 million rupees, up nearly 500 percent from a year ago.

Its shares ended 13.6 percent higher at 1,703 rupees with volumes of 0.14 million shares. BSE Consumer Durable Index ended 5.7 percent higher.

The company has given returns of over 19 percent in the current year.

Would you invest in the counter at this point?