Markets ends higher.
Markets extended its gains to end at two-year closing highs led by software majors on hopes of better-than-expected third quarter earnings starting next week. Sensex ended up 51 points at 19,765 and the 50-share Nifty ended up 16 points at 6,010, while Nifty ended above 6,000 level for the first time since January 6, 2011.
Sectoral wise, IT, Oil & Gas, Metal, Real-Estate, Healthcare led the gains, while FMCG, Power, Capital Goods, Banks and Consumer Durables were draggers. Mid-caps and Small-caps outperformed the benchmark indices, gaining nearly by 1%.
Among gainers were, Dr Reddy's gaining by 2.3%, Bharti Airtel and SBI rising by 2% and 1%, Bajaj Auto up by 0.5%, Tata Steel rising by 1%, while Reliance Industries gaining by 1.5%.
Among loosers were, Tata Power down by 1.5%, Sun Pharma and Cipla declining by 1%, Hindalco and Sterlite down by 0.5% each, while Maruti Suzuki and Mahindra & Mahindra declining by 0.7%.
Software-makers such as Infosys, TCS, Wipro gained nearly by 1% on expectations of better third quarter results, Infosys will kick-start the earning season on Jan 11. Hyderabad-based drug firm Dr Reddy’s Laboratories Limited (DRL) has launched Finasteride Tablets (1 mg), a bio-equivalent generic version of Propecia (Finasteride) tablets in the US market on January 02. State Bank of India (SBI) ended higher by 1%, also its 52-week high, extending its about 3% rise in past four trading sessions.
Ramky Infrastructure soared 11% to Rs 125, extending its past three-day’s rally after the company said that it has achieved financial closure for its Agra Etawah Road Tollway Project to be developed in Uttar Pradesh.
Jai Corp rallied 15% to Rs 81.80 on back of heavy volumes after the Maharashtra cabinet cleared the new industrial policy, which allows special economic zone (SEZ) developers to utilize 40% of the land in their possession as an integrated industrial township project.
The overall market breadth ended positive as 1,711 stocks gained compared to 1,256 declines.
Thu, Jan 03, 2013 at 15:30 PMSectoral wise, IT, Oil & Gas, Metal, Real-Estate, Healthcare led the gains, while FMCG, Power, Capital Goods, Banks and Consumer Durables were draggers. Mid-caps and Small-caps outperformed the benchmark indices, gaining nearly by 1%.
Among gainers were, Dr Reddy's gaining by 2.3%, Bharti Airtel and SBI rising by 2% and 1%, Bajaj Auto up by 0.5%, Tata Steel rising by 1%, while Reliance Industries gaining by 1.5%.
Among loosers were, Tata Power down by 1.5%, Sun Pharma and Cipla declining by 1%, Hindalco and Sterlite down by 0.5% each, while Maruti Suzuki and Mahindra & Mahindra declining by 0.7%.
Software-makers such as Infosys, TCS, Wipro gained nearly by 1% on expectations of better third quarter results, Infosys will kick-start the earning season on Jan 11. Hyderabad-based drug firm Dr Reddy’s Laboratories Limited (DRL) has launched Finasteride Tablets (1 mg), a bio-equivalent generic version of Propecia (Finasteride) tablets in the US market on January 02. State Bank of India (SBI) ended higher by 1%, also its 52-week high, extending its about 3% rise in past four trading sessions.
Ramky Infrastructure soared 11% to Rs 125, extending its past three-day’s rally after the company said that it has achieved financial closure for its Agra Etawah Road Tollway Project to be developed in Uttar Pradesh.
Jai Corp rallied 15% to Rs 81.80 on back of heavy volumes after the Maharashtra cabinet cleared the new industrial policy, which allows special economic zone (SEZ) developers to utilize 40% of the land in their possession as an integrated industrial township project.
The overall market breadth ended positive as 1,711 stocks gained compared to 1,256 declines.
Markets ended marginally up.
Markets ended marginally up, with after choppy sessions amid lackluster trades. The overnight surge on Wall Street and a firm trend in Asian markets set up a positive start, but investors appeared keen on taking some profits. Sensex ended at 19,752.90 (provisional) with a gain of 38.66 points or 0.2%, while Nifty closed at 6005.40, up 12.15 points or 0.2%.
Oil and Information Technology stocks ended higher, Realty stocks too found some support, while Bank stocks were mixed. Whereas Healthcare, Power, Metal and Automobile stocks mostly ended flat. Consumer durables, FMCG and Capital Goods stocks traded weak.
Midcap and smallcap stocks had a good outing.
Overall market breadth was positive.
Oil and Information Technology stocks ended higher, Realty stocks too found some support, while Bank stocks were mixed. Whereas Healthcare, Power, Metal and Automobile stocks mostly ended flat. Consumer durables, FMCG and Capital Goods stocks traded weak.
Midcap and smallcap stocks had a good outing.
Overall market breadth was positive.
Thu, Jan 03, 2013 at 14:00 PM
Markets consolidating.
MArkets consolidates gain in late noon trades as investor loojs ahead to negotiations over US debt limit and spending cuts. Sensex is up 30.50 points or 0.15% at 19,744.74 and the Nifty is up with a gain of 7.10 points or 0.12% at 6000.35.
Dr Reddy's Laboratories is trading stronger by 2.7%. The pharma major has announced that it has launched Finasteride tablets, a bioequivalent generic version of Propecia (Finasteride) tablets in the US market. The Propecia tablets brand has U.S. sales of approximately US$ 136 million MAT for the most recent twelve months ending in October 2012 according to IMS Health.
Bharti Airtel, Tata Consultancy Services, State Bank of India, Reliance Industries, Wipro, Sterlite Industries, Bajaj Auto, Infosys, ONGC, Tata Steel and Coal India are up 0.4% - 1%.
Dr Reddy's Laboratories is trading stronger by 2.7%. The pharma major has announced that it has launched Finasteride tablets, a bioequivalent generic version of Propecia (Finasteride) tablets in the US market. The Propecia tablets brand has U.S. sales of approximately US$ 136 million MAT for the most recent twelve months ending in October 2012 according to IMS Health.
Bharti Airtel, Tata Consultancy Services, State Bank of India, Reliance Industries, Wipro, Sterlite Industries, Bajaj Auto, Infosys, ONGC, Tata Steel and Coal India are up 0.4% - 1%.
Thu, Jan 03, 2013 at 13:00 PM
Markets trading in tight range.
Markets are trading in a tight range swinging between positive and negative zone, amid selling by investors. Sensex was up by 9 points at 19,723, while Nifty down by 2 points at 5,996 levels.
Sectoral wise, Oil & Gas, IT indices surging by almost 1%. However, FMCG, Capital Goods and Consumer Durable indices are trading marginally weak.
Gainer at this hour include, Dr Reddy’s Lab, ONGC, TCS, Bajaj Auto, Bharti Airtel, Sterlite and Wipro, all spurting between 1-3%. While loosers are Tata Power, Hindalco, Sun Pharma, JSPL and Cipla have declined by 1% each.
Hyderabad-based drug firm Dr Reddy’s Laboratories Limited (DRL) has launched Finasteride Tablets (1 mg), a bio-equivalent generic version of Propecia (Finasteride) tablets in the US market on January 02.
br /> State Bank of India (SBI) is trading higher by 1.1% at Rs 2,475, also its 52-week high, extending its about 3% rise in past four trading sessions.
Overall market breadth in remains firm with 1,597 shares advancing and 1,163 shares declining.
Sectoral wise, Oil & Gas, IT indices surging by almost 1%. However, FMCG, Capital Goods and Consumer Durable indices are trading marginally weak.
Gainer at this hour include, Dr Reddy’s Lab, ONGC, TCS, Bajaj Auto, Bharti Airtel, Sterlite and Wipro, all spurting between 1-3%. While loosers are Tata Power, Hindalco, Sun Pharma, JSPL and Cipla have declined by 1% each.
Hyderabad-based drug firm Dr Reddy’s Laboratories Limited (DRL) has launched Finasteride Tablets (1 mg), a bio-equivalent generic version of Propecia (Finasteride) tablets in the US market on January 02.
br /> State Bank of India (SBI) is trading higher by 1.1% at Rs 2,475, also its 52-week high, extending its about 3% rise in past four trading sessions.
Overall market breadth in remains firm with 1,597 shares advancing and 1,163 shares declining.
Thu, Jan 03, 2013 at 11:30 AM
Markets continue to trade positive.
Markets continued to trade with marginal gains in late morning deals. Though global cues are quite positive, investors appear keen on booking some profits, cashing in on recent strong gains. Sensex is now up by 37.15 points or 0.2% from its previous closing, while Nifty is up by 13 points or 0.21% at 6006.25.
Sector wise, Oil & Gas up by 0.5%, Metal, Automobile, Power and Healthcare stocks are positive with notable gains. Realty, Bank and Capital Goods are trading mixed, while Consumer Durables and FMCG stocks are a bit weak down by 0.4%. Information Technology stocks, which were quite subdued in recent sessions, are edging higher today with indices spurting by 1%.
Gainers at this hour includes, Dr Reddy's up by 2%, Sterlite and Tata Steel up by 1% each. TCS and Infosys have gained up by 1% each, while Wipro is up 0.3%. Among other key gainers are NTPC, Bajaj Auto, Bharti Airtel and Tata Motors.
On the other hand, FMCG shares have shown some weakness. ITC leads the losses down by 0.6%. HUL is marginally trading lower, Sun Pharma, Tata Power, Cipla and Mahindra & Mahindra are in the red as well. Index heavyweight - Reliance Industries and ICICI Bank are trading mixed.
Sector wise, Oil & Gas up by 0.5%, Metal, Automobile, Power and Healthcare stocks are positive with notable gains. Realty, Bank and Capital Goods are trading mixed, while Consumer Durables and FMCG stocks are a bit weak down by 0.4%. Information Technology stocks, which were quite subdued in recent sessions, are edging higher today with indices spurting by 1%.
Gainers at this hour includes, Dr Reddy's up by 2%, Sterlite and Tata Steel up by 1% each. TCS and Infosys have gained up by 1% each, while Wipro is up 0.3%. Among other key gainers are NTPC, Bajaj Auto, Bharti Airtel and Tata Motors.
On the other hand, FMCG shares have shown some weakness. ITC leads the losses down by 0.6%. HUL is marginally trading lower, Sun Pharma, Tata Power, Cipla and Mahindra & Mahindra are in the red as well. Index heavyweight - Reliance Industries and ICICI Bank are trading mixed.
Thu, Jan 03, 2013 at 10:30 AM
Markets pare gains.
Markets have pared some of its opening gains as weakness in FMCG counter along with few banks weighed on the gains in IT and Reliance Industries, as investors keen on booking some profits. Sensex up by 32 points at 19,746, while Nifty continues to hover a little above the 6,000 mark at 6,004.
Sectoral wise, Capital Goods has slipped down into negative zone, along with Bankex, Consumer Durables and FMCG indices, while IT has shown some strength by moving up 1%. Meanwhile, the broader markets saw some activity with mid-cap and small-cap indices up 0.6-0.7%.
Infosys and TCS gaining up by 1% each lending IT index to rally. In other stocks, shares of gold finance companies mainly Manappuram Finance and Muthoot Finance have rallied more upto 18% and 10% each on hopes of upward revision cap on gold loan-to-value (LTV) ratio.
NMDC was trading lower by around 2% at Rs 165 on the National Stock Exchange on reports that state-run miner reduced the price of iron ore lumps by 5.9% or Rs 320 a tonne for the current month mainly to align rates with the landed cost of the imported raw material. Jet Airways (India) surged over 5.6% at Rs 612 on reports that Abu Dhabi-based Etihad is close to buying 24% stake in Naresh Goyal-owned private airline company.
Sectoral wise, Capital Goods has slipped down into negative zone, along with Bankex, Consumer Durables and FMCG indices, while IT has shown some strength by moving up 1%. Meanwhile, the broader markets saw some activity with mid-cap and small-cap indices up 0.6-0.7%.
Infosys and TCS gaining up by 1% each lending IT index to rally. In other stocks, shares of gold finance companies mainly Manappuram Finance and Muthoot Finance have rallied more upto 18% and 10% each on hopes of upward revision cap on gold loan-to-value (LTV) ratio.
NMDC was trading lower by around 2% at Rs 165 on the National Stock Exchange on reports that state-run miner reduced the price of iron ore lumps by 5.9% or Rs 320 a tonne for the current month mainly to align rates with the landed cost of the imported raw material. Jet Airways (India) surged over 5.6% at Rs 612 on reports that Abu Dhabi-based Etihad is close to buying 24% stake in Naresh Goyal-owned private airline company.
Thu, Jan 03, 2013 at 09:30 AM
Markets open firm.
Despite strong cues from global markets, stocks are up just marginally in early trades, with investors taking some profits after recent gains. Sensex, which rose to 19,786.30, is now up 12.30 points or 0.06% at 19,726.54, while Nifty is up 5.85 points or 0.1% at 5999.10.
Capital Goods, Realty and Pharma stocks have edged up a bit. Metal, Power and Oil & Gas stocks are trading mixed, while FMCG and Bank stocks are slightly weak.
Capital Goods, Realty and Pharma stocks have edged up a bit. Metal, Power and Oil & Gas stocks are trading mixed, while FMCG and Bank stocks are slightly weak.
Thu, Jan 03, 2013 at 09:20 AM
Markets open firm.
Markets opened on a firm note on the back of strong global cues. Sensex up by 45 points at 19,759, while Nifty gaining by 14 points at 6,007.
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