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Sensex falls 324 points on profit booking

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MARKETS-SOUTHASIA STOCKS-The Sensex dropped 2.3 percent in trade to close at 13,589 points as investors resorted to profit booking to reap benefits of the surge over the past few weeks.

Weak Asian and European markets also weighed on sentiments.

Losses in heavyweight stocks like ICICI Bank, Reliance Industries and Bharti Airtel dragged the benchmark lower by over 300 points.

After rising over 20 percent on Monday, Ranbaxy Labs shed 8 percent. Bharti Airtel, which has restarted merger talks with MTN, ended 5 percent lower.

All sectoral indices barring the info tech index ended in red. The realty index registered a nearly 4 percent drop as shares in HDIL, Unitech and DLF fell.

Sensex jumps before election results

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INDIA-STOCKS/The Sensex rose 301 points to 12,173 on investor optimism about the formation of a stable government.

Index heavyweight and top private lender ICICI Bank gained over 7 percent to close at 574 rupees. Its shares have gained 28 percent this year.

Sensex slips 193 pts, political uncertainty weighs

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INDIA-STOCKS/6PCTThe outcome of the elections this weekend weighed on investors’ minds as the benchmark slipped nearly 200 points to close at 11,683.

Some index heavyweights took a beating – Reliance Industries slipped 1.98 percent, SBI ended 4.8 pct lower and L&T dropped 2.8 percent.

Sensex gains over 400 points, ICICI jumps

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INDIA-STOCKS/The stock market bounced back smartly today, gaining over 400 points to recover all of yesterday’s losses.

Short covering ahead of the derivatives expiry today helped the benchmark’s rise as it closed at 11,403.

Sensex falls 3.25 pct, flu fears weigh

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MARKETS SOUTHASIA STOCKSIt was a bad day for the markets as the Sensex dropped 370 points to close at 11,001, taking cues form weakness in global markets.

Concerns about the financial sector and fears about a possible flu pandemic also weighed on sentiments.

Sensex registers sixth weekly rise

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After rising over 3 percent by mid-day, the Sensex pared gains and closed just 0.69 percent higher at 11,023 as investors booked profit ahead of the weekend.

Infosys Technologies, L&T and ICICI shares led the gains in the benchmark.

INDIA-STOCKS/20KUnitech emerged as the star performer, surging over 20 percent. Unitech is looking to sell more stocks and assets, such as hotels and offices, to cut its high debt.

Sensex gains nearly 3 pct, Infosys slips

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BC INDIA EXCHANGEAfter a weak start in the morning, the BSE Sensex erased its losses and closed nearly 3 percent higher at 11,285.

This was the benchmark’s eighth successive rise — its longest winning streak in 18 months.

Sensex gains in choppy trade

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The Sensex ended nearly 200 points up on Wednesday as investors covered positions ahead of the monthly derivatives expiry.

The session was volatile throughout the day, with the benchmark gaining momentum towards the close of the trade.

Sensex upswing continues, ends 2 pct higher

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INDIAAfter a healthy rise on Friday, the Sensex continued its upswing and ended 2.1 percent higher, helped by a rise in markets across Asia and Europe.

Reliance Industries, ICICI Bank and ITC led the gains in the benchmark index as it traded firm almost throughout the session.

Sensex rallies despite RBI decision

The BSE Sensex shrugged off the RBI decision to keep rates steady and closed 3.8 percent higher as gains in global markets triggered short covering ahead of the expiry of monthly derivatives.

In today’s policy review, the Reserve Bank left its lending rate steady at 5.5 percent and its reverse repo rate unchanged at 4.0 percent at its policy review on Tuesday. It has also kept the cash reserve ratio unchanged at 5.00 percent.

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