Latest News | Breaking News | Hot Current news /Hot waves

the Nifty was trading marginally alter with dissident prejudice.The markets took a relief after a stupendous recuperate of 250 points in Nifty. Purchase was seen in holding, alloy and pharma stocks. Commercialism was seen in IT, machine and majuscule goods stocks.

The Sensex was descending 59.79 points or 0.35% at 16940.22, and the Nifty plumage 25.70 points or 0.51% at 5062.40. Nearly 1584 shares modern, 1258 shares declined, and 339 shares were unvarying.

In the largecap set, DLF was the top dive with writer than 2% acquire. Unitech, Grasim, Certainty Field and Engineer were up 1-2%. On the losing back, Infosys, Mathematician Honda, BPCL, Hindalco and Cipla were doctor 1-1.5%.

In the machine area, Tata Motors, Mah and Mah, Maruti Suzuki and Inventor Honda were imbibe 1% each.

In the banking grapheme, ICICI Array, HDFC Slope, HDFC and Coalition Slope were fallen 0.3-1.3%.

In the IT set, Infosys, TCS, Wipro and HCL Tech were eat 0.4-1.7%.

source-financialexpress.com

MUMBAI: The 30-share BSE index Sensex fell for the third day. Reliance Industries led the drop after selling shares. RIL, which has the most
weight on the index, declined 2% after selling the stock for the second time this month to fund its bid for LyondellBasell Industries, its biggest acquisition attempt.

NTPC, the nation’s biggest power producer, gained after an official said it may sell shares in the first week of February. The Sensex lost 13.58, or 0.1%, to 17,526.71. The S&P CNX Nifty Index on NSE gained 0.1% to 5,249.40. The BSE 200 Index advanced 0.3% to 2,220.52.

RIL declined 2% to Rs 1,081.5. India’s most valuable company raised Rs 3,470 crore selling shares today to raise funds for Netherlands-based LyondellBasell, according to a company official. RIL accounts for 13% of the Sensex.

The government plans to sell shares in NTPC, Rural Electrification Corp, NMDC and Satluj Jal Vidyut Nigam before the end of March, according to an official with direct knowledge of the sale process.

NTPC, the nation’s biggest power producer, gained 0.8% to Rs 232.95. NTPC’s sale may start in the first week of February, while Rural Electrification is likely in the past week of next month, the official who didn’t want to be named, said in New Delhi on January 9.

NMDC, India’s biggest iron-ore producer, soared 3.4% to Rs 433.6. Rural Electrification, a state-owned lender to power projects in the nation’s villages, jumped 5.2% to Rs 252.9. SBI lost 0.8% to Rs 2,267.2 after its chairman OP Bhatt said Indian banks’ profit and interest margins are “under strain”. ICICI Bank lost 0.5% to Rs 869.4.

HDFC Bank, the No. 3, slid 0.4% to Rs 1,708.15. Credit growth this year has been less than half of last year’s,
Mr Bhatt said at a banking conference in Mumbai on Monday.
source-http://economictimes.indiatimes.com

MUMBAI: Equities ended on a positive note on Tuesday following gains in metals, realty and power stocks. Broader markets outperformed the
benchmarks even as traders discounted negative cues from Europe. ( Watch )

The indices have been hitting new yearly highs on hopes of 6.75 per cent GDP growth for 2009-10. Traders are optimistic of third quarter results from India Inc taking cues from surge in auto sales and cement dispatches.

“We have been bearish but markets seems to be gung-ho about third quarter results. It needs to be seen how the results pan out,” said Ajay Parmar, head of research, Emkay Shares and Stock Brokers.

Bombay Stock Exchange’s Sensex closed at 17,686.24, up 127.51 points or 0.73 per cent. The index touched an 52-week high of 17729.78 and low of 17555.77.

National Stock Exchange’s Nifty ended at 5277.90, up 45.7 points or 0.87 per cent. The broader index hit a 52-week high of 5288.35 and low of 5242.40.

BSE Midcap Index was up 1.2 per cent and BSE Smallcap Index gained 0.85 per cent.

Amongst the sectoral indices, BSE Metal Index moved higher by 3.82 per cent, BSE Realty Index advanced 1.14 per cent and BSE FMCG Index moved up 0.87 per cent. BSE Auto Index was down 0.25 per cent.

Metals witnessed a sharp spurt, particularly with shares of aluminium manufacturers Hindalco and NALCO hogging the spotlight on speculation of rise in Chinese alumina prices. Shares of NALCO ended 14.96 per cent higher on NSE.

“Overall demand is improving and there are signs of development in the US and China. Not only aluminium, but prices of iron ore and sponge iron have moved up. This has resulted in rise in share prices,” Parmar added.

Biggest Sensex gainers comprised Hindalco Industries (7.39%), Jaiprakash Associates (5.79%), Sterlite Industries (4.57%), Reliance Communications (3.51%) and Grasim Industries (3.36%).

Maruti Suzuki (-2.27%), Tata Motors (-1.99%), ACC (-1.37%), NTPC (-1.08%) and Reliance Industries (-0.54%) resisted the upmove.

Godrej Properties had a stellar listing. The scrip ended at Rs 536.05, up Rs 46.05 or 9.40 per cent on NSE. It touched a high of Rs 586.80 and low of Rs 502.15 during the day.

Market breadth was positive on the BSE with 1768 advances and 1119 declines.

European markets bounced back into the green led by banks and the US markets were likely to open flat. At 4:50 pm IST, Dow Jones stock futures was up 0.05 per cent, S&P 500 moved 0.02 per cent higher and Nasdaq 100 declined 0.08 per cent.
source-http://economictimes.indiatimes.com

MUMBAI: Benchmarks ended lacklustre trade on a negative note on Wednesday ahead of December series expiry. Gains in realty, auto and banks were offset by losses in FMCG, metals and capital goods.

National Stock Exchange’s Nifty ended at 5169.75, down 18.2 points or 0.35 per cent. The index touched an intraday low of 5160.10 and high of 5197.05.

Bombay Stock Exchange’s Sensex closed at 17338.29, down 63.27 points or 0.36 per cent. The 30-share index touched a high of 17440.05 and low of 17322.80

BSE Midcap Index was up 0.52 per cent and BSE Smallcap Index moved 1.19 per cent higher.

Amongst the sectoral indices, BSE Realty Index was up 0.60 per cent, BSE Auto Index gained 0.13 per cent and BSE Bankex was up 0.10 per cent. BSE FMCG Index shed 1.21 per cent and BSE Metal Index slipped 0.78 per cent.

ITC (-2.26%), Jindal Steel (-2.23%), Hero Honda
(-2.21%), GAIL (-1.84%) and Cairn India (-1.65%) were amongst the major Nifty losers.

Reliance Infrastructure (1.61%), ACC (1.21%), Cipla (1.15%), Grasim (1.11%) and Reliance Power (1.07%) were amongst the gainers.

Market breadth was positive on the BSE with 1774 advances and 1084 declines.



source-http://economictimes.indiatimes.com

MUMBAI: The Bombay Stock Exchange benchmark Sensex on Tuesday rose by 81.10 points to 17,441.71 points on buying by funds in auto and consumer

durables stocks.

The wide-based National Stock Exchange index Nifty breached the 5,200 points level moving up by 23.65 points to 5,202.05 points.

Brokers said fresh buying activity picked up on optimism over the global economic recovery and robust December quarter earnings for domestic companies.

Mixed cues from other Asian markets also influenced the trading sentiments here, they added.

Among Sensex stocks, power producer NTPC rose by 2.33% to Rs 235.25, while Reliance Infra gained 2.08% at Rs 1,123.00. The country's largest private lender, ICICI Bank, moved up 1.66% to Rs 877.05.

Two-wheeler major Hero Honda rose by 1.29% at Rs 1,757.00, while auto major Tata Motors moved up 1.03% to Rs 788.

The BSE consumer durables index rose by 1.21% to 3,699.41 points while the auto index gained 0.45% at 7,389.62 points.



SOURCE-http://timesofindia.indiatimes.com