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.
Auto stocks struggled in trade on Friday, as stocks like Exide Industries, M&M and Maruti Suzuki fell, pushing the sectoral index down 2 percent.
Exide Industries ended down 4.6 percent as the top loser in the auto index, followed by M&M which dropped 3.3 percent.
Maruti Suzuki shares fell nearly 1 percent while Tata Motors dropped more than 2 percent. The situation in Japan has been weighing on Maruti’s stock for some days now.
Shares in Unitech, one of India’s leading real estate firms, rose 9.3 percent to close at 38.2 rupees, after a sell-off amid allegations that the firm was among those who were favoured in 2G licence grants in 2008.
On Tuesday, the CBI questioned Unitech’s MD as part of a probe into the alleged telecoms corruption scandal.
In 2011, shares in Unitech have slumped over 42 percent. Do you think it is the right time to invest in this counter?
Software services exporter Mahindra Satyam jumped 11.7 percent to 64.65 rupees after the firm reported its third quarter net profit, which more than doubled from a quarter ago.
The company also said that it put a planned merger with its parent firm, Tech Mahindra, on hold.
Shares in Tech Mahindra ended 10.6 percent higher.
Do you think it is a good time to buy Mahindra Satyam’s shares?
Shares in Unitech, one of India’s leading real estate firm, fell 10.6 percent on Tuesday to close at 43.05 rupees. The stock ended as the top loser in the BSE Realty Index.
Rival DLF shares ended 1.4 pct lower. DLF said it was cautious on the near-term outlook as rising interest rates could weigh on demand after the firm reported a marginal drop in quarterly earnings.
The BSE Realty Index lost more than 4 percent to end as the top sectoral loser.
Unitech shares have falled 35 percent in 2011. Do you think it is time to invest in this stock?
Shares in TCS gained nearly 5.5 percent on Tuesday after the firm had reported a good set of quarterly numbers on Monday evening after market hours.
TCS led the gains in the benchmark Sensex and rose to a record high after it beat street estimates and said it expected strong demand for outsourcing.
Do you think it is worth investing in TCS at this stage?
Shares in engineering conglomerate L&T ended down 1.65 percent on Monday after the company posted a 10.5-percent rise in standalone profit for the quarter ended in December, but a fall in its operating margin hit investor sentiment.
The company said its operating margin in the third quarter was at 10.8 percent compared with 12.4 percent a year ago.
The BSE Capital Goods Index ended down 1.17 percent.
Do you think it is worth investing in L&T at this stage?
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.
The stock had hit an intra-day low of 980 rupees but managed to recover.
Do you think it is the right time to invest in RIL shares?
Stocks of real estate firms posted decent gains on Thursday, with HDIL standing out with a 9 percent jump.
The realty index closed 2.2 percent higher, topping the BSE sectoral indices table.
Top firms DLF and Unitech notched gains of 0.7 percent and 1.6 percent respectively.
Shares in Indian Oil Corporation ended 10.96 percent higher on Wednesday. Its chairman said the firm aims to raise $4.4 billion in January through a FPO and that the pricing for offer was likely to be at 450 rupees apiece.
Shares were up as much as 14 percent during trade.
The Indian government is selling a 10 percent stake, while the company will offer an equal number of new shares to raise 20 billion rupees, making the sale the biggest-ever share offering in the Indian market.
Would you invest in IOC at this stage?