Money on the markets

A maturing market amid the mayhem

Capital goods index gains over 1 pct

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The BSE Capital Goods Index gained over 1 percent on Thursday in a broader market that ended flat a day before the annual budget.

Index counters like Kirloskar Bros, Thermax and Crompton Greaves gained over 3 percent each.

L&T shares gained 2.5 percent to close at 1536 rupees after a senior company official said the firm was expecting a contract worth around 80 billion rupees.

The sectoral index has dropped 5 percent this year. L&T has dropped over 8 percent in the same period.

Realty index rises in weak market

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- Realty index rises in weak market The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower. Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher. Top realty firm Unitech rose 2.3 percent, whereas DLF ended marginally in red. The realty index is down over 8 percent this month. Would you invest in this sector now or wait for the budget on Friday?

The BSE real estate index gained nearly 1 percent on Wednesday even as the overall market ended 30 points lower.

Indiabulls Real Estate led the realty index and posted gains of over 4 percent. Parsvnath ended nearly 3 percent higher.

Auto stocks end weak

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The BSE auto index slipped 1.8 percent on Tuesday, with shares in Maruti Suzuki slipping 3.2 percent.

Maruti Suzuki India is recalling 100,000 A-Star hatchbacks to fix a fuel leakage problem, a spokesman for the company told Reuters on Tuesday.

Good day for IT stocks

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The BSE IT index gained over 1 percent on Monday and ended as the top sectoral gainer in a Mumbai market that rose 45 points.

Shares in Infosys gained 1.5 percent to 2,568 rupees and was the top contributor to the benchmarks rise.

Reliance Industries drops

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RELIANCE-OIL/

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.

Realty stocks weak in firm mkt

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INDIA

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.

Metal index tops sectoral gainers

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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.

Uttam Galva rises on stake sale

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INDIA-STOCKS/

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.

BSE IT Index rises over 2 pct

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INDIA

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.

Strong debut for Jubilant Foodworks

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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.

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