Tue, Dec 18, 2012 at 16:00 PM
Markets end higher amid volatility.
Markets ended higher, amid volatile trading session, led by Bharti Airtel and recovery in rate sensitive shares on hopes that the central bank would ease key interest rates at its next policy meet in January.
Earlier, markets had opened marginally higher ahead of the policy announcement but fell sharply after the Reserve Bank of India kept key policy rates and the cash reserve ratio unchanged. Later, markets rebounded from their intra-day lows led by Bharti Airtel and recovery in bank shares. Sensex ended higher by 120.33 points or 0.63% at 19,364.75, while Nifty ended higher by 38.80 points or 0.66% at 5,896.88. Sensex touched the intra-day high of 19,396 and low of 19,149. While, Nifty touched an intra-day high of 5,906 and the low of 5,823.
RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
Sectoral wise, Oil & Gas index ended on a positive note, along with Realty index, which gained 2.4% to close. Metal, Capital Goods, IT, Power, Consumer Durables, Healthcare and PSU indices also closed on higher by 0.6-1.8% each. Shares of interest-rate sensitive sectors bounced back from intra-day lows and ended higher by up to 6% after the Reserve Bank of India’s (RBI) said it expects inflation pressure to ease in the next few months, raising the hopes of a rate cut as early as January.
Bharti Airtel closed higher by 4.2% at Rs 313 after the stock recently corrected following the luke warm response from retail investors for the 4,500-crore public issue of it tower arm Bharti Infratel.
L&T ended higher by 1.3% and BHEL was closed higher by 4% after the stock recently corrected from Rs 340 levels. Metal stocks such as Tata Steel, Hindalco, jindal Steel, Sterlite Industries and Coal India advanced up to 3% each, extending their past two days gain after a preliminary version of HSBC's China manufacturing purchasing managers' index (PMI) hit a 14-month high in December 2012. Sun Pharma, Wipro, HDFC, Tata Motors, State Bankl of India, Cipla, Hero MotoCorp, Mahindra & Mahindra, NTPC and ICICI Bank also closed on a positive note up 0.6-2.6% each.
On the other hand, Maruti Suzuki, ONGC, Dr Reddys Labs, Bajaj Auto, Reliance Industries and HDFC Bank were among the notable laggards. Liberty Phosphate slumped 10% to Rs 175, extending its previous day’s about 10% fall, after the company denied a news report stating that Coromandel International plans to acquire the company. Jaiprakash Power Ventures dipped 7% to Rs 38.70 on back of huge volumes on reports that promoter sold stake in the company. A combined 18.11 million shares have changed hands on the BSE and NSE.
Overall market breadth was positive, with gainers outscoring losers by a modest margin.
Earlier, markets had opened marginally higher ahead of the policy announcement but fell sharply after the Reserve Bank of India kept key policy rates and the cash reserve ratio unchanged. Later, markets rebounded from their intra-day lows led by Bharti Airtel and recovery in bank shares. Sensex ended higher by 120.33 points or 0.63% at 19,364.75, while Nifty ended higher by 38.80 points or 0.66% at 5,896.88. Sensex touched the intra-day high of 19,396 and low of 19,149. While, Nifty touched an intra-day high of 5,906 and the low of 5,823.
RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
Sectoral wise, Oil & Gas index ended on a positive note, along with Realty index, which gained 2.4% to close. Metal, Capital Goods, IT, Power, Consumer Durables, Healthcare and PSU indices also closed on higher by 0.6-1.8% each. Shares of interest-rate sensitive sectors bounced back from intra-day lows and ended higher by up to 6% after the Reserve Bank of India’s (RBI) said it expects inflation pressure to ease in the next few months, raising the hopes of a rate cut as early as January.
Bharti Airtel closed higher by 4.2% at Rs 313 after the stock recently corrected following the luke warm response from retail investors for the 4,500-crore public issue of it tower arm Bharti Infratel.
L&T ended higher by 1.3% and BHEL was closed higher by 4% after the stock recently corrected from Rs 340 levels. Metal stocks such as Tata Steel, Hindalco, jindal Steel, Sterlite Industries and Coal India advanced up to 3% each, extending their past two days gain after a preliminary version of HSBC's China manufacturing purchasing managers' index (PMI) hit a 14-month high in December 2012. Sun Pharma, Wipro, HDFC, Tata Motors, State Bankl of India, Cipla, Hero MotoCorp, Mahindra & Mahindra, NTPC and ICICI Bank also closed on a positive note up 0.6-2.6% each.
On the other hand, Maruti Suzuki, ONGC, Dr Reddys Labs, Bajaj Auto, Reliance Industries and HDFC Bank were among the notable laggards. Liberty Phosphate slumped 10% to Rs 175, extending its previous day’s about 10% fall, after the company denied a news report stating that Coromandel International plans to acquire the company. Jaiprakash Power Ventures dipped 7% to Rs 38.70 on back of huge volumes on reports that promoter sold stake in the company. A combined 18.11 million shares have changed hands on the BSE and NSE.
Overall market breadth was positive, with gainers outscoring losers by a modest margin.
Tue, Dec 18, 2012 at 15:00 PM
Markets trading firm.
Markets trading firm post Reserve Bank of India's mid-quarter monetary policy review after the central bank said that it expects inflation pressure to ease in the next few months, raising the hopes of a rate cut as early as January. Sensex has advanced 105 points to 19,350, while Nifty is up 32 points at 5,890 levels.
RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
Bharti Airtel is the top gainer among the Sensex stocks, up 3.6% at Rs 311. BHEL, Tata Steel, Hindalco, Sun Pharma, Larsen & Toubro, Tata Motors, Jindal Steel, Wipro, Cipla, NTPC, State Bank of India, Mahindra & Mahindra, ICICI Bank and HDFC are also trading higher by 0.6-3.4% each. On the other hand, Maruti Suzuki, Bajaj Auto, ONGC, TCS, Reliance Industries and Infosys are among the notable gainers.
RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
Bharti Airtel is the top gainer among the Sensex stocks, up 3.6% at Rs 311. BHEL, Tata Steel, Hindalco, Sun Pharma, Larsen & Toubro, Tata Motors, Jindal Steel, Wipro, Cipla, NTPC, State Bank of India, Mahindra & Mahindra, ICICI Bank and HDFC are also trading higher by 0.6-3.4% each. On the other hand, Maruti Suzuki, Bajaj Auto, ONGC, TCS, Reliance Industries and Infosys are among the notable gainers.
Tue, Dec 18, 2012 at 14:30 PM
Markets rebound from intra-day lows
Markets rebounded from intra-day lows to break the day's high. Sensex is up by 116.83 points or 0.61% at 19,361.25, while Nifty is up by 32.70 points or 0.56% at 5,890.70. Banking shares recover after RBI leaves interest rates on hold on Tuesday but signals a cut in the repo rate in the January-March quarter. State Bank of India gains over 1 percent, while ICICI Bank is up marginally.
Tata Motors gains 1.4 percent, up for a fourth day, after stronger-than-expected November sales at Jaguar Land Rover (JLR) reduced concerns about the outlook for the key unit of the Indian auto maker.
Sun Pharmaceutical Industries gains 2.2 percent after it said on Monday Caraco Pharmaceutical Laboratories Ltd., its wholly-owned subsidiary, has acquired URL generic business from Takeda Pharmaceutical Company.
Tata Motors gains 1.4 percent, up for a fourth day, after stronger-than-expected November sales at Jaguar Land Rover (JLR) reduced concerns about the outlook for the key unit of the Indian auto maker.
Sun Pharmaceutical Industries gains 2.2 percent after it said on Monday Caraco Pharmaceutical Laboratories Ltd., its wholly-owned subsidiary, has acquired URL generic business from Takeda Pharmaceutical Company.
Tue, Dec 18, 2012 at 13:00 PM
Markets rise after sharp decline due to RBI’s policy maintained a status quo.
Markets raised higher, after sharp decline due to RBI maintained a status quo. Sensex is up by 72.79 points or 0.38% at 17,317.21, while Nifty up by 22.85 points or 0.39% at 5,885.85
RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
Shares of metal companies are trading higher by up to 3%, extending their past two days gain after a preliminary version of HSBC's China manufacturing purchasing managers' index (PMI) hit a 14-month high in December 2012.
Tata Steel, Hindalco Industries, Sterlite Industries, Sesa Goa, JSW Steel and Jindal Steel and Power are trading higher by 2-3%.
The BSE metal index, the largest gainer among sectoral indices, has surged almost 2% against less than 1% rise in benchmark Sensex at 1230 hours. The index has rallied 6% in past three trading sessions.
RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
Shares of metal companies are trading higher by up to 3%, extending their past two days gain after a preliminary version of HSBC's China manufacturing purchasing managers' index (PMI) hit a 14-month high in December 2012.
Tata Steel, Hindalco Industries, Sterlite Industries, Sesa Goa, JSW Steel and Jindal Steel and Power are trading higher by 2-3%.
The BSE metal index, the largest gainer among sectoral indices, has surged almost 2% against less than 1% rise in benchmark Sensex at 1230 hours. The index has rallied 6% in past three trading sessions.
Tue, Dec 18, 2012 at 11:45 AM
Markets slump, key rates unchanged
Markets came off from day’s high and have skidded into negative zone after the Reserve Bank of India maintained a status quo on key policy rates and also disappointed market expectations of a cut in the cash reserve ratio. The RBI has said that liquidity will be managed to support growth.
The RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
By 1120 hrs, Sensex which had earlier touched an intra-day high of 19,330.60 was down 44 points at 19,200 and the 50-share Nifty which had touched an intra-day high of 5,882.70 dipped 18 points at 5,840.
Among the sectoral indices, rate sensitive Bankex and Realty indices were down between 1-2%.
Among the Sensex shares, SBI, ICICI Bank and HDFC Bank have declined between 1-2% while index heavyweights Reliance Industries and Infosys were down nearly 0.6% each.
The RBI kept the Cash Reserve Ratio (CRR), Repo rate and SLR unchanged. Repo rate was unchanged at 8%. CRR has been kept unchanged at 4.25%. Reverse Repo Rates has been kept unchanged at 7%.
By 1120 hrs, Sensex which had earlier touched an intra-day high of 19,330.60 was down 44 points at 19,200 and the 50-share Nifty which had touched an intra-day high of 5,882.70 dipped 18 points at 5,840.
Among the sectoral indices, rate sensitive Bankex and Realty indices were down between 1-2%.
Among the Sensex shares, SBI, ICICI Bank and HDFC Bank have declined between 1-2% while index heavyweights Reliance Industries and Infosys were down nearly 0.6% each.
Tue, Dec 18, 2012 at 11:30 AM
Banking shares dip post RBI policy
Banking shares are under pressure after the Reserve Bank of India (RBI) keeps repo rate and cash reserve ratio (CRR) unchanged in its mid-quarter monetary policy review today.
State Bank of India, ICICI Bank, Union Bank of India and Canara Bank are trading lower by more than 2% each on the Bombay Stock Exchange.
The banking index Bankex, the largest loser among sectoral indices, is down almost 2% compared to less than 0.50% fall in benchmark Sensex at 1105 hours.
CRR is the proportion of total deposits a bank has to keep with RBI as cash. Most of the analyst expected the central bank will cut the CRR by 25 bps points.
State Bank of India, ICICI Bank, Union Bank of India and Canara Bank are trading lower by more than 2% each on the Bombay Stock Exchange.
The banking index Bankex, the largest loser among sectoral indices, is down almost 2% compared to less than 0.50% fall in benchmark Sensex at 1105 hours.
CRR is the proportion of total deposits a bank has to keep with RBI as cash. Most of the analyst expected the central bank will cut the CRR by 25 bps points.
Tue, Dec 18, 2012 at 11:15 AM
Markets in RED as RBI maintain status quo.
Markets reversed early gains and dipped into negative terrain after the Reserve Bank of India kept key policy rates and cash reserve ratio unchanged.
Sensex which had touched a high of 19,331 was down 55 points at 19,189, while Nifty which had touched a high of 5,883 was down 21 points at 5,837.
Among Sensex shares, ICICI Bank, SBI, HDFC Bank and index heavyweights Reliance Industries, Infosys and ICICI Bank were among the top losers.
Sensex which had touched a high of 19,331 was down 55 points at 19,189, while Nifty which had touched a high of 5,883 was down 21 points at 5,837.
Among Sensex shares, ICICI Bank, SBI, HDFC Bank and index heavyweights Reliance Industries, Infosys and ICICI Bank were among the top losers.
Tue, Dec 18, 2012 at 10:45 AM
Markets flat ahead of RBI policy.
Markets continue trade flat ahead of the Reserve Bank of India's mid-quarter policy review. Sensex is up by 60 points at 19,308, while Nifty has advanced 15 points to 5,872 levels.
Meanwhile, banking stocks are witnessing selling pressure in the morning deals. BSE banking index- Bankex is down 0.3% at 14,229. Oil & Gas and Metal indices are also down, while Auto, Capital Goods, Consumer Durables and Power indices are up 0.5-1% each.
Among the individual stocks, Sun Pharmaceutical Industries is trading higher by 2% at Rs 732 after the company said it has buys generic business of URL pharma through its subsidiary for an undisclosed amount.
Liberty Phosphate has slumped 10% to Rs 175, extending its previous day’s about 10% fall, after the company denied a news report stating that Coromandel International plans to acquire the company.
Jaiprakash Power Ventures has dipped 10% to Rs 37.30 in opening deals on back of huge volumes on promoter stake sale report. A combined 18.11 million shares have changed hands on the BSE and NSE.
Meanwhile, banking stocks are witnessing selling pressure in the morning deals. BSE banking index- Bankex is down 0.3% at 14,229. Oil & Gas and Metal indices are also down, while Auto, Capital Goods, Consumer Durables and Power indices are up 0.5-1% each.
Among the individual stocks, Sun Pharmaceutical Industries is trading higher by 2% at Rs 732 after the company said it has buys generic business of URL pharma through its subsidiary for an undisclosed amount.
Liberty Phosphate has slumped 10% to Rs 175, extending its previous day’s about 10% fall, after the company denied a news report stating that Coromandel International plans to acquire the company.
Jaiprakash Power Ventures has dipped 10% to Rs 37.30 in opening deals on back of huge volumes on promoter stake sale report. A combined 18.11 million shares have changed hands on the BSE and NSE.
Tue, Dec 18, 2012 at 10:15 AM
Markets sustains higher ahead of RBI policy.
Market which opened up after positive global cues and ahead of RBI policy sustaining higher side. Sensex which rose to 19,330.60 after opening nearly 74 points up 19,319, is currently up 66.40 points or 0.35% at 19,310.82, while Nifty is up by 17.80 points or 0.3% at 5875.70.
Sun Pharmaceutical Industries shares are up 1.6% at Rs 731 following a wholly-owned subsidiary of the company entered into a definitive agreement with Takeda Pharmaceuticals USA to acquire Takeda's URL Pharma, Inc. generic business.
Sun Pharmaceutical Industries shares are up 1.6% at Rs 731 following a wholly-owned subsidiary of the company entered into a definitive agreement with Takeda Pharmaceuticals USA to acquire Takeda's URL Pharma, Inc. generic business.
Tue, Dec 18, 2012 at 09:30 AM
Markets opens higher ahead of RBI policy.
Markets opens firm this morning amid positive global cues, ahead of RBI policy. Sensex, opened 74 points up at 19,319, while Nifty opened 23 points up at 5,881.
However, the mood is slightly cautious ahead of the central bank's monetary policy review. Metal, Realty, Capital Goods, Power and Consumer Durables stocks are among the notable gainers. Healthcare, FMCG and Oil stocks too are finding modest support. Auto, IT and bank stocks are a bit subdued.
However, the mood is slightly cautious ahead of the central bank's monetary policy review. Metal, Realty, Capital Goods, Power and Consumer Durables stocks are among the notable gainers. Healthcare, FMCG and Oil stocks too are finding modest support. Auto, IT and bank stocks are a bit subdued.
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