Tue, Dec 4, 2012 at 15:30PM
Markets end with modest gains.
After a choppy ride, market ended with modest gains,with investors unwilling to indulge in heavy buying in the midst of the debate on FDI in retail. Sensex ended at 19,342.02 (provisional), with a gain of 36.70 points or 0.19%. Nifty closed at 5884.50, up 13.55 points or 0.23%. Oil, power, realty and bank stocks surged higher in afternoon trades, also select pharmaceutical stocks moved up, whereas capital goods and FMCG stocks were mostly flat, and metal, automobile, consumer durables and IT stocks saw some selling. While mid-caps were mostly subdued, some small-cap stocks posted strong gains, overall market breadth was positive.
Tue, Dec 4, 2012 at 15:30PM
Markets end marginally higher.
Markets ended with marginal gains, amid the ongoing debate on foreign direct investment in retail, led by index heavyweight Reliance Industries. Sensex provisionally ended up 37 points at 19,342 and Nifty ended up 14 points at 5,885.
At 2:30PM, Sensex was up 35 points at 19,340 and Nifty was up 11 points at 5,882. The sectoral indices on the BSE were led by Oil & Gas Index followed by healthcare and realty. However, Auto, IT and Capital Goods and COnsumer Durables were the top losers on profit taking after recent gains. Index heavyweight- Reliance Industries was up 2.1% at Rs 821 on reports that the oil ministry may approve the company’s investment plans for the KG-D6 block. State-owned ONGC was up 1.4%. In the banking pack, ICICI Bank was up 1.2% and SBI gained 1.4%. However, Mahindra & Mahindra has slipped 1% at Rs 945. Bharti Airtel, TCS and Wipro are down 1% each. Among other losers are ITC, Larsen & Toubro and Sterlite Industries. In the broader market, Jet Airways (India) slipped 9% to Rs 505 on profit taking after the stock rallied 61% in past three-weeks on speculation of 24% stake sale to Etihad Airways. United Breweries has rallied over 13% to Rs 950, also its record high on the Bombay Stock Exchange (BSE) on back of heavy volumes.The stock has rallied over 19% in past two trading sessions from Rs 796 after the company included in the MSCI India index from November 30, 2012. An addition into the index leads to inflows from passively managed funds.
Tue, Dec 4, 2012 at 13:15PM
Markets flat in noon trades.
Markets continued to trade on a lacklustre note in afternoon trades with some buying visible in oil & gas and realty space. Sensex is down 10.38 points or 0.05% at 19,294.94, while Nifty is down 1.7 points or 0.03% at 5,869.30.
BSE oil & gas index has gained 1.2% to 8,391 on the back of strength in Reliance. Realty, power and healthcare indices have added 0.5-1% each, while BSE consumer durables index has slipped 0.5% to 8,036 and IT, FMCG and auto indices also languished in red.
Markets heavyweight- Reliance is the top gainer - up 2% at Rs 818. It has contributed around 30 points to the Sensex on reports that the oil ministry may approve the company’s investment plans for the KG-D6 block.. Bajaj Auto, Jindal Steel, BHEL and ONGC are some of the other gainers. Meanwhile, financials such as ICICI Bank, SBI and HDFC accounts for 37 points on the Sensex. However, Mahindra & Mahindra has slipped 1% at Rs 945. Bharti Airtel, TCS and Wipro are down 1% each. Among other losers are ITC, Larsen & Toubro and Sterlite Industries. Firstsource Solutions has appointed Sanjiv Goenka as the chairman of the company following the resignation of Shailesh Mehta from the post. The stock has jumped 1.5% to Rs 12.36. IndusInd Bank is trading higher by 1.2% at Rs 426 extending its past one week rally after the private lender has successfully raised Rs 2,000 crore by issuing shares to qualified institutional buyers. Hotel stocks such as Taj GVK, Hotel Leela and Viceroy Hotels gained between 2-10% in early morning trades on sales optimism after government relaxed norms on tourist visas which had mandated a two-month gap between consecutive visits by overseas nationals.
BSE oil & gas index has gained 1.2% to 8,391 on the back of strength in Reliance. Realty, power and healthcare indices have added 0.5-1% each, while BSE consumer durables index has slipped 0.5% to 8,036 and IT, FMCG and auto indices also languished in red.
Markets heavyweight- Reliance is the top gainer - up 2% at Rs 818. It has contributed around 30 points to the Sensex on reports that the oil ministry may approve the company’s investment plans for the KG-D6 block.. Bajaj Auto, Jindal Steel, BHEL and ONGC are some of the other gainers. Meanwhile, financials such as ICICI Bank, SBI and HDFC accounts for 37 points on the Sensex. However, Mahindra & Mahindra has slipped 1% at Rs 945. Bharti Airtel, TCS and Wipro are down 1% each. Among other losers are ITC, Larsen & Toubro and Sterlite Industries. Firstsource Solutions has appointed Sanjiv Goenka as the chairman of the company following the resignation of Shailesh Mehta from the post. The stock has jumped 1.5% to Rs 12.36. IndusInd Bank is trading higher by 1.2% at Rs 426 extending its past one week rally after the private lender has successfully raised Rs 2,000 crore by issuing shares to qualified institutional buyers. Hotel stocks such as Taj GVK, Hotel Leela and Viceroy Hotels gained between 2-10% in early morning trades on sales optimism after government relaxed norms on tourist visas which had mandated a two-month gap between consecutive visits by overseas nationals.
Tue, Dec 4, 2012 at 12:45PM
Markets range bound.
Markets
this morning started on a subdued note amid weak cues from Asian
markets and FDI debate in the parliament, after which it was range bound. Sensex which in earlier trade declined near 19724, is now up by 30.19 points or 0.16% at 19335.51 and Nifty is up by 7.9 points or 0.13% at 5878.90.
Tue, Dec 4, 2012 at 11:30AM
Markets trading flat.
Markets
are trading on a flat note ahead of the FDI debate in the parliament. Sensex is up 11.62 points at 19,316.94 and Nifty is up 6.35 points at 5,877.35.
BHEL continues to remain the top gainer among the Sensex stocks, up 2% at Rs 242. ONGC, Jindal Steel, ICICI Bank Reliance Industries, State Bank of India, bajaj Auto and Tata Motors are also trading higher by 0.6-1.5% each. Among the individual stocks, shares of Jaipraksh Associates and Jaiprakash Power Ventures are trading higher by more than 2% each on the BSE after getting final forest clearance for coal block in Madhya Pradesh (MP).
BHEL continues to remain the top gainer among the Sensex stocks, up 2% at Rs 242. ONGC, Jindal Steel, ICICI Bank Reliance Industries, State Bank of India, bajaj Auto and Tata Motors are also trading higher by 0.6-1.5% each. Among the individual stocks, shares of Jaipraksh Associates and Jaiprakash Power Ventures are trading higher by more than 2% each on the BSE after getting final forest clearance for coal block in Madhya Pradesh (MP).
Tue, Dec 4, 2012 at 09:30AM
Markets open weak.
Markets got off to a subdued start this morning amid weak cues from Asian markets. Sensex which declined around 19274, is now down by 3.12 points at 19302.20, while Nifty is down by 4.15 points at 5866.80.
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