Mon, Dec 17, 2012 at 15:30 PM
Markets paused ahead of RBI policy.
Markets after opening on a cautious note and trading in a tight range for couple of hours drifted lower as investor chose to take some profits ahead of the RBI's monetary policy review. A weak trend in global market amid concerns about the U.S. fiscal cliff and doubts about the near term outlook for global economies contributed as well to the market's decline. A downward revision in India's growth forecast weighed as well. Sensex hit the high of 19,346.78 and low of 19,221.87 before closing with the loss of 72.83 points or 0.38%, while Nifty slightly off the day's low of 5,850.15, losing 21.70 points or 0.37% to close at 5857.90.
Sectorial wise IT stocks traded weak almost right through the session, FMCG, Oil and Capital Goods stocks too mostly ended on a weak note. Bank, Realty and Consumer Durables stocks lacked support. Metal stocks had a good session, along with select Automobile, Healthcare and Power stocks too closed on a firm note. Mid-cap and small-cap stocks attracted buyers.
Bharti Airtel ended lower by 3.6%. Tata Consultancy Services lost around 2.8%. HDFC, BHEL, HDFC Bank and Wipro declined by 1.4% - 1.8%. ITC, Coal India, Reliance Industries, GAIL India and Infosys also closed weak. BPCL, Siemens, Jaiprakash Associates, Ambuja Cements, Lupin, Reliance Infrastructure, Asian Paints and Ultratech Cement ended with sharp to moderate losses.
Metal stocks had a good session thanks to an encouraging report on Chinese manufacturing activity. Sterlite Industries (4.1%), Hindalco (3.5%), Sesa Goa (2.85%), Jindal Steel & Power (2.4%) and Tata Steel (up nearly 0.5%) closed on a high note.
Maruti Suzuki, Bajaj Auto, Mahindra & Mahindra and Tata Motors gained 0.7% - 1.8%. Grasim Industries, Ranbaxy Laboratories, Punjab National Bank, Cipla, NTPC, State Bank of India, Hindustan Unilever, Power Grid Corporation, Tata Power, ICICI Bank, Dr Reddy's Laboratories and Sun Pharmaceutical Industries also moved higher. Honeywell Automation, Fortis Healthcare, Nalco and Suzlon Energy surged higher on stock specific news.
Out of 3028 stocks traded on BSE, 1540 stocks moved up. 1350 stocks declined and 138 stocks ended flat.
Sectorial wise IT stocks traded weak almost right through the session, FMCG, Oil and Capital Goods stocks too mostly ended on a weak note. Bank, Realty and Consumer Durables stocks lacked support. Metal stocks had a good session, along with select Automobile, Healthcare and Power stocks too closed on a firm note. Mid-cap and small-cap stocks attracted buyers.
Bharti Airtel ended lower by 3.6%. Tata Consultancy Services lost around 2.8%. HDFC, BHEL, HDFC Bank and Wipro declined by 1.4% - 1.8%. ITC, Coal India, Reliance Industries, GAIL India and Infosys also closed weak. BPCL, Siemens, Jaiprakash Associates, Ambuja Cements, Lupin, Reliance Infrastructure, Asian Paints and Ultratech Cement ended with sharp to moderate losses.
Metal stocks had a good session thanks to an encouraging report on Chinese manufacturing activity. Sterlite Industries (4.1%), Hindalco (3.5%), Sesa Goa (2.85%), Jindal Steel & Power (2.4%) and Tata Steel (up nearly 0.5%) closed on a high note.
Maruti Suzuki, Bajaj Auto, Mahindra & Mahindra and Tata Motors gained 0.7% - 1.8%. Grasim Industries, Ranbaxy Laboratories, Punjab National Bank, Cipla, NTPC, State Bank of India, Hindustan Unilever, Power Grid Corporation, Tata Power, ICICI Bank, Dr Reddy's Laboratories and Sun Pharmaceutical Industries also moved higher. Honeywell Automation, Fortis Healthcare, Nalco and Suzlon Energy surged higher on stock specific news.
Out of 3028 stocks traded on BSE, 1540 stocks moved up. 1350 stocks declined and 138 stocks ended flat.
Mon, Dec 17, 2012 at 15:30 PM
Markets ends lower.
Markets ended lower, ahead of the RBI's mid-quarter monetary policy review, weighed down by selling pressure in HDFC Group shares along with ITC and TCS. Sensex provisionally ended down 72 points at 19,245, while Nifty ended down 23 points at 5,857.
IT, Oil, FMCG and Consumer Durables stocks edged lower, while Capital Goods stocks too mostly ended on a subdued note and Realty and bank stocks mostly ended flat. Metal stocks had a good outing , along with it Automobile, Pharma and Power stocks moved higher. Select midcap and smallcap stocks posted strong gains.
The market breadth was slightly positive.
IT, Oil, FMCG and Consumer Durables stocks edged lower, while Capital Goods stocks too mostly ended on a subdued note and Realty and bank stocks mostly ended flat. Metal stocks had a good outing , along with it Automobile, Pharma and Power stocks moved higher. Select midcap and smallcap stocks posted strong gains.
The market breadth was slightly positive.
Mon, Dec 17, 2012 at 14:30 PM
Markets trading lower in noon trades
Market is trading lower in noon trades after government lowered its official growth forcast to between 5.7% and 5.9% for this fiscal year. The finance ministry's mid-year economic review, has however, said it was on track to meet a fiscal deficit target of 5.3%. Meanwhile Sensex is now down by 87.77 or 0.45% from its previous close, while Nifty is down by 27.75 points or 0.47% at 5852.25.
Mon, Dec 17, 2012 at 14:00 PM
Mon, Dec 17, 2012 at 10:30 AM
Markets trade cautiously, RBI policy key
Mon, Dec 17, 2012 at 09:30 AM
Markets starts off cautious.
Mon, Dec 17, 2012 at 14:00 PM
India has lowered its official growth forecast to between 5.7 and 5.9 percent for this fiscal year, the finance ministry's mid-year economic review said on Monday, but said it was on track to meet a fiscal deficit target of 5.3 percent.
The budgeted forecast for GDP growth in the 2012/13 fiscal year was 7.6 percent, but growth was just 5.4 percent in the first half of the year. Finance Minister P. Chidambaram recently projected growth of between 5.5 and 6 percent for the year.
The government has struggled to contain the deficit, which has swelled because of costly oil subsidies and sluggish tax revenues, prompting global ratings agencies to warn of a possible credit downgrade.
The budgeted forecast for GDP growth in the 2012/13 fiscal year was 7.6 percent, but growth was just 5.4 percent in the first half of the year. Finance Minister P. Chidambaram recently projected growth of between 5.5 and 6 percent for the year.
The government has struggled to contain the deficit, which has swelled because of costly oil subsidies and sluggish tax revenues, prompting global ratings agencies to warn of a possible credit downgrade.
Mon, Dec 17, 2012 at 10:30 AM
Markets trade cautiously, RBI policy key
Markets continued to trade cautiously in morning trades ahead of the RBI's policy announcement tomorrow amid fear it may maintain status-quo and wait until January before cutting interest rates. Sensex rose 16 points and traded at 19,333, while Nifty gained 2 points and traded at 5,881.
Technology, Consumer Durables and fast moving Consumer Goods indexes led fall while Metal, Automobiles, Health Care sector led gains.
he laggards include Bharti Airtel falling 1%, ITC declined 0.6% and Tata Consultancy Services, Wipro fell 1% each in technology space while among gainers Maruti Suzuki rose 2.3% and Hindalco rose 2%, Sterlite Industries gained 1% in metal space.
Technology, Consumer Durables and fast moving Consumer Goods indexes led fall while Metal, Automobiles, Health Care sector led gains.
he laggards include Bharti Airtel falling 1%, ITC declined 0.6% and Tata Consultancy Services, Wipro fell 1% each in technology space while among gainers Maruti Suzuki rose 2.3% and Hindalco rose 2%, Sterlite Industries gained 1% in metal space.
Mon, Dec 17, 2012 at 09:30 AM
Markets starts off cautious.
Markets got off to a cautious start this morning with investors tracking weak global cues. Sensex declined to 19,284 from its previous close, while Nifty down by 4 points to 5,875.60.
Capital goods, FMCG, oil, bank and realty stocks are mostly subdued. IT, metal and healthcare stocks are finding modest support.
Capital goods, FMCG, oil, bank and realty stocks are mostly subdued. IT, metal and healthcare stocks are finding modest support.
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