Thu, Dec 6, 2012 at 17:00PM
Markets end higher.
Markets recovered from the days low to wipe out the early losses on late buying, amid BSP's assurance to UPA government on supporting FDI issue in Rajya Sabha. Sensex closed up by 94.94 points or 0.49% at 19,486.80 and Nifty closed up by 30.40 points or 0.52% at 5,930.90.
Among sectoral BSE Realty index surged by almost 2% followed by Power, Banks, Consumer Durable, Oil & Gas, PSU, Auto, Metal, Capital Goods and FMCG, all gaining by 1% each. However, IT indices declined by 1%.
Banks and financials which are proxy to the economy also recovered from day’s low and ended higher. SBI, HDFC and ICICI Bank gained between 1-2%. Capital Goods major L&T and BHEL gained between 0.4-1.4%. Index heavyweight Reliance Inds gained over 2%, Sterlite up over 2%. Hindalco, JSPL, Tata Steel and Coal India gained by almost 1% each. Tata Motors, Bajaj Auto and Maruti Suzuki gained between 0.3-1%. From the IT sector, Infosys, Tata Consultancy Services, HCL Technologies, Wipro and Hexaware Technologies ended lower by 0.3-2%. Bharti Airtel declined by almost 2%. The broader markets outperformed the benchmarks indices. Mid-cap and Small-cap indices gained 0.5-1%. The overall market breadth in ended positive with 1,601 shares advancing and 1,297 shares declining.
Among sectoral BSE Realty index surged by almost 2% followed by Power, Banks, Consumer Durable, Oil & Gas, PSU, Auto, Metal, Capital Goods and FMCG, all gaining by 1% each. However, IT indices declined by 1%.
Banks and financials which are proxy to the economy also recovered from day’s low and ended higher. SBI, HDFC and ICICI Bank gained between 1-2%. Capital Goods major L&T and BHEL gained between 0.4-1.4%. Index heavyweight Reliance Inds gained over 2%, Sterlite up over 2%. Hindalco, JSPL, Tata Steel and Coal India gained by almost 1% each. Tata Motors, Bajaj Auto and Maruti Suzuki gained between 0.3-1%. From the IT sector, Infosys, Tata Consultancy Services, HCL Technologies, Wipro and Hexaware Technologies ended lower by 0.3-2%. Bharti Airtel declined by almost 2%. The broader markets outperformed the benchmarks indices. Mid-cap and Small-cap indices gained 0.5-1%. The overall market breadth in ended positive with 1,601 shares advancing and 1,297 shares declining.
Thu, Dec 6, 2012 at 15:00PM
Markets recovers from low, now trading flat.
Markets have recovered from the days low and are trading flat. Sensex is up by 11.48 points or 0.06% at 19,403.34 and Nifty up by 1.25 points or 0.02% at 5,901.25.
Thu, Dec 6, 2012 at 14:30PM
Markets on recovery as selling pressure eases.
Markets have shown some recovery from the days low but maintains lower trend due to weakness in IT, Capital Goods and Banking sectors. Markets remain cautious
ahead of FDI vote in Rajya Sabha where the government must hold majority to
defeat the Opposition motion against the contentious measure. Sensex is down by 73.26 points or 0.38% at 19,318.60 and Nifty down 25.60 points or 0.44% at
5,874.40.
Rupee failed to maintain initial gains against the American currency and was quoted at 54.53 per dollar on fresh dollar demand from banks on the back of firm dollar overseas.
Among sectors, IT index has tumbled by nearly 2%, Capital Goods, Healthcare, Banks, Power, PSU, Oil & Gas and Metal, all declining between 0.1-1%, however, Realty and Consumer Durable indices have gained by nearly 1% each. From IT sector, Infosys, Tata Consultancy Services, HCL Technologies, Wipro and Hexaware Technologies are trading lower by 1-2%. Capital Goods major L&T and BHEL have slipped between 0.5-1%. Banks sectors also faced the brunt of selling pressure. HDFC Bank and ICICI Bank have declined between 0.3-1%.
On the gaining side, Sterlite is the top gainer, up almost 2%, while other notable gainers include Cipla, Hindalco, GAIL, NTPC, M&M and ONGC. Tata Motors, Bajaj Auto and Maruti Suzuki have gained between 0.3-1%. The broader indices are outperforming the benchmarks. The market breadth in BSE remains marginally negative with 1227 shares declining and 866 shares advancing.
Rupee failed to maintain initial gains against the American currency and was quoted at 54.53 per dollar on fresh dollar demand from banks on the back of firm dollar overseas.
Among sectors, IT index has tumbled by nearly 2%, Capital Goods, Healthcare, Banks, Power, PSU, Oil & Gas and Metal, all declining between 0.1-1%, however, Realty and Consumer Durable indices have gained by nearly 1% each. From IT sector, Infosys, Tata Consultancy Services, HCL Technologies, Wipro and Hexaware Technologies are trading lower by 1-2%. Capital Goods major L&T and BHEL have slipped between 0.5-1%. Banks sectors also faced the brunt of selling pressure. HDFC Bank and ICICI Bank have declined between 0.3-1%.
On the gaining side, Sterlite is the top gainer, up almost 2%, while other notable gainers include Cipla, Hindalco, GAIL, NTPC, M&M and ONGC. Tata Motors, Bajaj Auto and Maruti Suzuki have gained between 0.3-1%. The broader indices are outperforming the benchmarks. The market breadth in BSE remains marginally negative with 1227 shares declining and 866 shares advancing.
Thu, Dec 6, 2012 at 11:30AM
Markets under pressure.
Markets are under pressure after initial morning surge. Drifting lower after morning trades as profit booking was visible across the heavyweights after the recent run-up. Sensex is down 175.03 points or 0.90% at 19,216.83 and Nifty down by 54.95 points or 0.94% at 5,845.05.
However, the broader markets continued to attract investor interest with the small-cap and the mid-cap indices adding 0.2% each.
Among the sectors, Consumer Durables, Auto and Realty were the only ones in the green, up 0.1-0.4%, while the ones in the red are, IT, Power, Oil & Gas, Capital Goods and Bankex indices edged lower by 0.5-1.5%. Among gainers were Bajaj Auto, Tata Motors and Jindal Steel which gained 0.2-1.5%.
Making an exception from the IT pack, MphasiS was up 2% at Rs 395 after the IT consulting and software firm reported 14% year-on-year growth in its consolidated net profit at Rs 209 crore for the fourth quarter ended October 2012.
However, the broader markets continued to attract investor interest with the small-cap and the mid-cap indices adding 0.2% each.
Among the sectors, Consumer Durables, Auto and Realty were the only ones in the green, up 0.1-0.4%, while the ones in the red are, IT, Power, Oil & Gas, Capital Goods and Bankex indices edged lower by 0.5-1.5%. Among gainers were Bajaj Auto, Tata Motors and Jindal Steel which gained 0.2-1.5%.
Making an exception from the IT pack, MphasiS was up 2% at Rs 395 after the IT consulting and software firm reported 14% year-on-year growth in its consolidated net profit at Rs 209 crore for the fourth quarter ended October 2012.
Thu, Dec 6, 2012 at 11:00AM
IT shares extend falls.
Shares of Information technology (IT) companies continue to be under pressure for second day in a row after Cognizant Technology Solutions said that it expects 16% revenue growth in 2013 as against its projected 20% growth for the current year 2012.
Among the individual stocks, Infosys, Tata Consultancy Services, HCL Technologies, Wipro and Hexaware Technologies are trading lower by 1-2%. IT index, the largest loser among sectoral indices, declined almost 2% and has dropped 3% in past two trading sessions.
In a filing to the US market regulator Securities and Exchange Commission (SEC), Cognizant said its top executives will earn 100% of performance-linked shares if its sales expand by 16% to $8.5 billion for the year ending December 2013. The rise would be lower than the 20% growth, equivalent to revenue of $7.34 billion, projected by the company in 2012, the report suggests.
Among the individual stocks, Infosys, Tata Consultancy Services, HCL Technologies, Wipro and Hexaware Technologies are trading lower by 1-2%. IT index, the largest loser among sectoral indices, declined almost 2% and has dropped 3% in past two trading sessions.
In a filing to the US market regulator Securities and Exchange Commission (SEC), Cognizant said its top executives will earn 100% of performance-linked shares if its sales expand by 16% to $8.5 billion for the year ending December 2013. The rise would be lower than the 20% growth, equivalent to revenue of $7.34 billion, projected by the company in 2012, the report suggests.
Thu, Dec 6, 2012 at 10:30AM
Markets slips after initial gains.
After an initial surge in opening trades, the markets slipped into the red as selling pressure persisted in heavyweights like Infosys, HDFC Bank and Reliance Industries. Also, Asian markets gave off the morning gains. Sensex slipped down by 139.35 points or 0.72% at 19,252.51 and Nifty down by 40.65 points or 0.69% at 5,859.35.
Among sectoral indices, Auto, FMCG, PSU, Capital Goods, Consumer Durables, MEtal and Power up 0.1-0.4% where the gainers in the opening trades. On the other hand, IT, Oil & Gas and Health Care started off in the red, losing 0.1-0.9%.
The movers were Jindal Steel, Bajaj Auto, Tata Steel, Bharti Airtel and BHEL up 0.5-0.8%. The other notable gainers included SBI, ICICI Bank, HDFC, Tata Power, L&T, Mahindra & Mahindra, ITC and Hero MotoCorp which added 0.2-0.4%. Among the draggers were heavyweights like Infosys, Reliance Industries and HDFC Bank down over 1% each. Wipro, Sun Pharma, TCS, Hindustan Unilever and Sterlite down 0.6-1% were the major draggers. Shares of companies engaged in retail business are trading higher by up to 6% in opening trades, extending their yesterday’s late noon rally after the government won the Lok Sabha vote on allowing foreign direct investment (FDI) in multi-brand retail.
Among the individual stocks, Shoppers Stop and Pantaloon Retail (India) has surged 6% each at Rs 499 and Rs 252 respectively. Trent Limited, a Tata Group Company, is trading higher by 4% to Rs 1,320, followed by CESC is up 2% at Rs 326 on the BSE. The market breadth was positive. 724 stocks advanced while 396 stocks declined on the BSE.
Among sectoral indices, Auto, FMCG, PSU, Capital Goods, Consumer Durables, MEtal and Power up 0.1-0.4% where the gainers in the opening trades. On the other hand, IT, Oil & Gas and Health Care started off in the red, losing 0.1-0.9%.
The movers were Jindal Steel, Bajaj Auto, Tata Steel, Bharti Airtel and BHEL up 0.5-0.8%. The other notable gainers included SBI, ICICI Bank, HDFC, Tata Power, L&T, Mahindra & Mahindra, ITC and Hero MotoCorp which added 0.2-0.4%. Among the draggers were heavyweights like Infosys, Reliance Industries and HDFC Bank down over 1% each. Wipro, Sun Pharma, TCS, Hindustan Unilever and Sterlite down 0.6-1% were the major draggers. Shares of companies engaged in retail business are trading higher by up to 6% in opening trades, extending their yesterday’s late noon rally after the government won the Lok Sabha vote on allowing foreign direct investment (FDI) in multi-brand retail.
Among the individual stocks, Shoppers Stop and Pantaloon Retail (India) has surged 6% each at Rs 499 and Rs 252 respectively. Trent Limited, a Tata Group Company, is trading higher by 4% to Rs 1,320, followed by CESC is up 2% at Rs 326 on the BSE. The market breadth was positive. 724 stocks advanced while 396 stocks declined on the BSE.
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