Markets closed flat.
Markets pared most of the day's gains as investors booked profits at higher levels ahead of the Christmas holiday tomorrow and expiry of December derivative contracts on Thursday. Sensex ended up by 13 points at 19,255, while Nifty ended up by 8 at 5,856.
Sectoral wise IT, Healthcare, Auto and Realty indices surged by almost 1% each, while Oil ∓ Gas index declined by nearly 1%. The broader markets outperformed the benchmark indices with the Mid-cap up 0.32% and the Small-cap up 0.36%.
. IT shares like Wipro, Infosys and TCS surged between 0.4-2% on support of weak rupee, which helps enhance revenue as major portion of their revenues come from exports to the US. From the Auto sector, Tata Motors was the top gainer, up 3%, while Bajaj Auto gained nearly 1%. Sun Pharma surged over 2% on completion of acquisition of DUSA Pharmaceuticals, Inc.U.S.A by its US subsidiary. Other notable gainer includes Tata Power, HUL, Bharti Airtel, Coal India and GAIL.
Kingfisher Airlines was locked in upper circuit of 5% at Rs 15.97, bouncing back over 9% from intra-day low on reports that the company has submitted a revival plan to the aviation regulator, the Director General of Civil Aviation (DGCA).
FDC spurted 11% to Rs 98 on back of heavy volumes on report of promoters planning to sell their majority stake in the company.
Lanco Infratech soared 7% to Rs 13.46 after the company announcing that Supreme Court of Western Australia has allowed the Griffin Coal Mining Company Pty Limited (GCMC), a subsidiary of company to enter into revised Coal Supply Agreement (CSA) with Griffin Power entities which is in process of being acquired by Japanese consortium of Sumitomo Corp and Kansai Electric Power Co.
Glenmark Pharmaceuticals soared by 4% after the company announcing it has signed development agreement with Forest Laboratories for worldwide collaboration on Novel Agents to treat chronic inflammatory conditions.
On the losing side, index heavyweight RIL declined marginally. ONGC declined by almost 2%. JSPL, Maruti Suzuki, Sterlite, ICICI Bank and Hindalco are other notable losers.
The overall market breadth was almost neutral.
Sectoral wise IT, Healthcare, Auto and Realty indices surged by almost 1% each, while Oil ∓ Gas index declined by nearly 1%. The broader markets outperformed the benchmark indices with the Mid-cap up 0.32% and the Small-cap up 0.36%.
. IT shares like Wipro, Infosys and TCS surged between 0.4-2% on support of weak rupee, which helps enhance revenue as major portion of their revenues come from exports to the US. From the Auto sector, Tata Motors was the top gainer, up 3%, while Bajaj Auto gained nearly 1%. Sun Pharma surged over 2% on completion of acquisition of DUSA Pharmaceuticals, Inc.U.S.A by its US subsidiary. Other notable gainer includes Tata Power, HUL, Bharti Airtel, Coal India and GAIL.
Kingfisher Airlines was locked in upper circuit of 5% at Rs 15.97, bouncing back over 9% from intra-day low on reports that the company has submitted a revival plan to the aviation regulator, the Director General of Civil Aviation (DGCA).
FDC spurted 11% to Rs 98 on back of heavy volumes on report of promoters planning to sell their majority stake in the company.
Lanco Infratech soared 7% to Rs 13.46 after the company announcing that Supreme Court of Western Australia has allowed the Griffin Coal Mining Company Pty Limited (GCMC), a subsidiary of company to enter into revised Coal Supply Agreement (CSA) with Griffin Power entities which is in process of being acquired by Japanese consortium of Sumitomo Corp and Kansai Electric Power Co.
Glenmark Pharmaceuticals soared by 4% after the company announcing it has signed development agreement with Forest Laboratories for worldwide collaboration on Novel Agents to treat chronic inflammatory conditions.
On the losing side, index heavyweight RIL declined marginally. ONGC declined by almost 2%. JSPL, Maruti Suzuki, Sterlite, ICICI Bank and Hindalco are other notable losers.
The overall market breadth was almost neutral.
Mon, Dec 24, 2012 at 15:30 PM
Markets ends flat.
Markets sheds most of the day's gains as investor kept booking profits at higher levels ahead of Christmas holiday and expiry of December derivative contracts. Sensex provisionally ended up 16 points at 19,258 after touching an intra-day high of 19,348, while Nifty ended up 8 points at 5,856 after touching an intra-day high of 5,872.
Mon, Dec 24, 2012 at 14:30 PM
Markets almost flat
Markets are trading in a tight range amid profit booking by investors ahead for Christmas holiday tomorrow and expiry of December derivative contracts. Sensex up by 14 points at 19,256, while Nifty up by 3 points at 5,850 levels.
Sectoral wise IT, Healthcare, Auto and Realty indices have surged by almost 1% each, while Oil & Gas and metal indices have declined by nearly 1% each. The broader markets have outperformed the benchmark indices with the BSE Mid-cap up 0.28% and the BSE Small-cap up 0.34%.
IT shares like Wipro, Infosys and TCS have gained between 0.3-1% on the back of weak rupee which helps boosts revenue as major portion of their revenues come from exports to the US. From the Auto sector, Tata Motors is the top gainer, up 3%, while Bajaj Auto has gained over 1%. Sun Pharma is up over up 2% on completion of acquisition of DUSA Pharmaceuticals, Inc.U.S.A by its US subsidiary. Other notable gainer includes Tata Power, HUL, NTPC, Coal India and GAIL.
On the losing side, index heavyweight RIL has dropped nearly 1% and ONGC losing down almost 2%. JSPL, Maruti Suzuki, Sterlite, ICICI Bank and Hindalco are other notable losers.
Among other shares, Kingfisher Airlines has locked in upper circuit of 5% at Rs 15.97, bouncing back over 9% from intra-day low on reports that the company has submitted a revival plan to the aviation regulator, the Director General of Civil Aviation (DGCA).
Hindustan Construction Company (HCC) has moved higher by 3% at Rs 18.30 after the company said it secured a construction order worth of Rs 231 crore in joint venture with Coastal Projects from the Northeast Frontier Railway.
The overall market breadth is almost neutral.
Sectoral wise IT, Healthcare, Auto and Realty indices have surged by almost 1% each, while Oil & Gas and metal indices have declined by nearly 1% each. The broader markets have outperformed the benchmark indices with the BSE Mid-cap up 0.28% and the BSE Small-cap up 0.34%.
IT shares like Wipro, Infosys and TCS have gained between 0.3-1% on the back of weak rupee which helps boosts revenue as major portion of their revenues come from exports to the US. From the Auto sector, Tata Motors is the top gainer, up 3%, while Bajaj Auto has gained over 1%. Sun Pharma is up over up 2% on completion of acquisition of DUSA Pharmaceuticals, Inc.U.S.A by its US subsidiary. Other notable gainer includes Tata Power, HUL, NTPC, Coal India and GAIL.
On the losing side, index heavyweight RIL has dropped nearly 1% and ONGC losing down almost 2%. JSPL, Maruti Suzuki, Sterlite, ICICI Bank and Hindalco are other notable losers.
Among other shares, Kingfisher Airlines has locked in upper circuit of 5% at Rs 15.97, bouncing back over 9% from intra-day low on reports that the company has submitted a revival plan to the aviation regulator, the Director General of Civil Aviation (DGCA).
Hindustan Construction Company (HCC) has moved higher by 3% at Rs 18.30 after the company said it secured a construction order worth of Rs 231 crore in joint venture with Coastal Projects from the Northeast Frontier Railway.
The overall market breadth is almost neutral.
Mon, Dec 24, 2012 at 14:15 PM
Markets pare early gain, almost flat
Markets continued to trade on a volatile note almost flat as investors booked profits ahead of the Christmas holiday. Indices are expected to be volatile through the week as traders roll over their positions for the end of the December series on Thursday. Sensex is up by 7.80 points or 0.04% at 19,249.80, while Nifty is up by 2.35 points or 0.04% at 5,850.35.
Mon, Dec 24, 2012 at 12:15 PM
Markets off day's high
Markets came off day's high as investor booked profits at higher levels ahead of Christmas holiday and December derivative contracts expiry on Thursday. Sensex which had touched an intra-day high of 19,347 was up 36 points at 19,278, while Nifty was up 8 points at 5,856 after touching an intra-high of 5,872.
Mon, Dec 24, 2012 at 10:30 AM
Markets trade in narrow range
Markets trading in narrow range amid looming concerns over US fiscal cliff. Sensex, which rose to 19,347.64 in early trades, has eased to 19,275.62, but still remains in positive territory, netting a gain of 33.62 points or 0.17%, Nifty is up 7.65 points or 0.13% at 5855.35, off an early high of 5871.90.
IT stocks are edging higher, thanks to the rupee's recent weakness against the U.S. dollar. Select Pharmaceuticals, Realty, Metal and Automobile stocks are also up in positive territory. Bank, FMCG, capital goods and oil stocks are a bit subdued. Buying is stock specific in Mid-cap and Small-cap segments.
IT stocks are edging higher, thanks to the rupee's recent weakness against the U.S. dollar. Select Pharmaceuticals, Realty, Metal and Automobile stocks are also up in positive territory. Bank, FMCG, capital goods and oil stocks are a bit subdued. Buying is stock specific in Mid-cap and Small-cap segments.
Mon, Dec 24, 2012 at 09:30 AM
Markets open positive
Markets opened up tracking steady Asian markets, however, concerns loomed over US fiscal cliff resolution to avert automatic spending cuts and tax increases in next year. Sensex opened up by 36 points at 19,278, while Nifty opened up by 21 points at 5,869.
IT, Pharma, Metal and Realty stocks have edged higher in early trades where the mood is a bit positive at present, with select Automobile, Power and FMCG stocks too are up in positive territory.
Oil, capital goods and bank stocks are a bit subdued.
IT, Pharma, Metal and Realty stocks have edged higher in early trades where the mood is a bit positive at present, with select Automobile, Power and FMCG stocks too are up in positive territory.
Oil, capital goods and bank stocks are a bit subdued.
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