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Pintu

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Sensex moves above 14400; realty, power gain- Market News-Stocks-Markets-The Economic Times

Sensex moves above 14400; realty, power gain
24 Jun 2009, 1420 hrs IST, ET Bureau

MUMBAI: Sustained buying in the frontline stocks pushed the benchmarks towards day’s high while broader markets continued to outperform. Most sectoral indices were in the green led by realty and power scrips. Positive opening of European markets also provided support.

At 2 pm, Bombay Stock Exchange’s Sensex was at 14,410.97, up 86.96 points or 0.61 per cent. The 30-share index touched an intra-day high of 14458.13 and low of 14207.02.

National Stock Exchange’s Nifty failed to breach 4300 mark. The index was at 4294.65, up 47.65 points or 1.12 per cent. The broader index retreated from a high of 4299. It had touched a low of 4218.25 in trade so far.

BSE Midcap Index was up 2.04 per cent and BSE Smallcap Index gained 2.07 per cent.

Amongst the sectoral indices, BSE Realty Index moved up 2.16 per cent, BSE Power Index gained 2.03 per cent and BSE Healthcare Index jumped 1.80 per cent. BSE Bankex was down 0.23 per cent.

TCS (5.32%), Jaiprakash Associates (4.25%), Grasim (3.87%), Tata Motors (3.85%) and Sun Pharmaceuticals (3.58%) were amongst the Sensex gainers.

Sterlite Industries (-2.10%), ICICI Bank (-1.28%), HDFC (-1.08%), HDFC Bank (-0.91%) and Mahindra & Mahindra (-0.17%) were amongst the Sensex losers.

Market breadth was positive on the BSE with 1724 advances and 724 declines.

European markets were in the green arresting two-day fall following rise in tech, energy and mining stocks. CAC 40 was up 0.28 per cent, DAX inched up 0.25 per cent and FTSE 100 was down 0.05 per cent.
 

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http://www.business-standard.com/india/news/sensex106pts-tcs-surges-6/65446/on

Sensex up 106pts; TCS surges 6%
BS Reporter / Mumbai June 24, 2009, 14:25 IST



The Sensex extended gains to touch a high of 14,473. The index is now at 14,429, up 106 points.

TCS has surged 6% to Rs 387. Jaiprakash Associates has gained 4.5% at Rs 210. Tata Motors has added 4% to Rs 356.

Grasim, Sun Pharma, Wipro and Reliance Infrastructure have advanced 3% each. Reliance Communications, Hindalco, ACC, DLF, Bharti Airtel and ONGC have moved up around 2% each.

Larsen & Toubro, BHEL, ITC, Tata Power, Infosys, Hindustan Unilever, Tata Steel and NTPC are the other gainers.

Meanwhile, Sterlite and ICICI Bank have slipped 1.5% each to Rs 568 and Rs 688, respectively. HDFC and HDFC Bank have also declined.

The market breadth is fairly positive. Out of 2,541 stocks traded, 1,715 have advanced while 736 have declined.
 

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Sensex ends 400 points high; pre-budget rally to continue- Market News-Stocks-Markets-The Economic Times

Sensex ends 400 points high; pre-budget rally to continue
26 Jun 2009, 1726 hrs IST, ET Bureau

MUMBAI: Indian markets ended the first day of July series sharply on Friday taking cues from the positive global markets. Buying activity was seen across the board with blue chips outperforming the broader markets.

Indices opened with a gap-up and gained momentum on short covering but later built-up of long positions later helped the benchmarks to close sharply higher.

“Open interest has risen, volumes were high and Nifty futures were in premium. If Nifty manages to break above 4470 we’ll witness a pre-budget rally upto 4800-5200. Cues from the US markets are also positive. Dow Jones and S&P 500 Indices suggest that upmove is likely to continue for sometime,” said Arun Mewawalla, senior technical/derivatives analyst, Quantum Securities.

Bombay Stock Exchange’s Sensex ended at 14,764.64, up 419.02 points or 2.92 per cent. The 30-share index hit a high of 14781.94 and low of 14373.57.

National Stock Exchange’s Nifty closed at 4375.50, 133.65 points or 3.15 per cent. The broader index touched an intra-day high of 4383.75 and low of 4243.95.

BSE Midcap Index was up 2.40 per cent and BSE Smallcap Index gained 1.89 per cent.

Amongst the sectoral indices, BSE Bankex moved up 4.31 per cent, BSE Capital Goods Index gained 4.17 per cent and BSE IT Index advanced 3.64 per cent.

“From medium to long term view we are bullish on IT stocks. For last several days, Nasdaq, which comprises many IT companies, saw a lot of accumulation indicating that worst may be over for the IT industry. Banking sectors is another space that looks positive. Banking stocks are now in a continuation of bullish pattern,” he added.

Biggest Sensex gainers were ICICI Bank (7.96%), Sterlite Industries
(6.11%), Larsen & Toubro (5.47%), TCS (4.35%) and Infosys Technologies (3.93%).

Sun Pharmaceuticals (-12.17%), Ranbaxy Laboratories (-4.37%), Tata Steel (-2.53%) and Mahindra & Mahindra (-0.73%) were the losers.

Shares of Sun Pharmaceuticals droped sharply amod reports that the US FDA authorities seized all medicines produced by its unit Caraco Pharmaceutical following repeated violations of manufacturing standards. According to the report, US FDA seized 33 drugs from Michigan facility of Caraco, a subsidiary of Sun Pharma, which could impact Caraco's US sales by 6-7%.

Market breadth on BSE showed 1689 advances against 937 declines.

European markets were off highs but still the positive terrain and US stock futures were indicating a weak opening. At 5 pm IST, Dow Jones stock futures was down 0.20 per cent, S&P 500 stock futures declined 0.21 per cent and Nasdaq 100 stock futures slipped 0.20 per cent.
 

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Last minute buy takes Sensex up 254- Market News-Stocks-Markets-The Economic Times

Last minute buy takes Sensex up 254
4 Jul 2009, 0145 hrs IST, ET Bureau

MUMBAI: Equity benchmarks rose close to 2% on Friday, led by short-covering ahead of the much-awaited Union Budget on Monday. Investors were cool to the Railway Budget on Friday, as it did not reflect any of the government’s intent, as expected by the market, to improve the country’s poor infrastructure.

Even shares of wagon manufacturers did not react to the Budget proposal that Railways would acquire 18,000 wagons in the future. Analysts are concerned that the announcements in the Union Budget may have an ‘inclusive’ tone of the Railway Budget, contrary to investors’ expectations of announcing more of pro-market policies. BSE’s 30-share Sensex ended the day at 14,913.05, up 254.56 points, or 1.7%, over the previous close. NSE’s 50-share Nifty closed at 4,424.25, up 75.40 points, over the previous close.

Traded turnover across the cash and derivatives segment was around Rs 76,000 crore, underscoring the cautious mood among investors. HDFC was the star performer among frontline stocks, rising nearly 8% to Rs 2,586.25, as the market is expecting tax sops on housing loans, and increase in foreign direct investment limit for the insurance sector to 49% from 26% at present.

Usually, the market is volatile on the Budget day, and Monday is expected to be no different, given the high expectations from the government, this time around. “The Budget, on July 6, is likely to strike a populist, pro-growth chord with major increases in social spending programmes,” said a pre-Budget note by HSBC Securities. “Overall, the Budget should benefit infrastructure, housing, banking and utility sectors the most. What concerns us is how the government will fund these ambitious, expensive goals,” the note added.

brokerage house UBS Securities too shares a similar view. “Given the UPA’s pro-rural policies, the Budget may give impetus to rural spending programmes, especially given the late monsoon,” said a pre-Budget note by the brokerage. “We believe rising fiscal deficit remains a key concern for FIIs investing in India. While the FY10 Budget may do very little to bring down the fiscal deficit in the near-term, we expect a road map that is likely to target much lower fiscal deficit in the medium term (3-5 years),” the note added.
 

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Business Standard :: Run-up to the Budget 2009-10

Railway Budget pulls market 255 pts ahead

BS Reporter / Mumbai July 4, 2009, 0:58 IST


The populist Railway Budget allowed market players to book profit in companies which would benefit from an increased outlay for rail tracks and wagon purchases. Incidentally, these stocks had risen by 10-50 per cent in the past few weeks.

Railway Stocks
Company BSE Chg (%)
BEML 1033 -4.51%
Texmaco 114.45 -4.98%
Stone India 47.15 5.96%
Kalindee Rail Nirman 212.4 -4.99%
Container Corp 1010.35 4.00%
Kernex Microsystems 126.3 -4.10%
Titagarh Wagons 417.35 -5.00%


Railway-related stocks such as Titagarh Wagons, Kalindee Rail Nirman, Texmaco, BEML, Kernex Microsystems and Hind Rectifiers fell by around 1-5 per cent. Only Container Corporation and Stone India saw significant gains of over 4 per cent.

"Even though some of these companies would benefit because of purchase of wagons and increased outlay for rail tracks, their stocks were fully priced on this news," said Kashmira Mehta, an institutional dealer at Mumbai-based brokerage CD EquiSearch.

However, the Bombay Stock Exchange's Sensex closed in the green.

TAKING STOCK
Company

Share price on BSE in Rs


%
Change
July 2 July 3
Titagarh Wagons 439.30 417.35 -5.00
Kalindee Rail Nirman 223.55 212.40 -4.99
Texmaco 120.45 114.45 -4.98
BEML 1081.75 1033.00 -4.51
BHEL 2149.90 2182.05 1.50
Container Corp 971.45 1010.35 4.00
Stone India 44.95 47.15 4.89

Yesterday, the US market had closed in the red after the US jobless data showed the unemployment rate at a 26-year high. Both the Dow Jones and the Nasdaq plummeted over 2.5 per cent. As a result, most of the Asian markets were flat in early trades on Friday.

The Sensex spurted 254.56 points, or 1.74 per cent, to close at 14,913.05. The CNX Nifty closed at 4,424, up 1.73 per cent.

"The Railway Budget was the mood changer for the day. Markets mainly rallied following some of the positives such as the proposal for public-private participation for the development of railway infrastructure," said Deven Choksey, managing director, K R Choksey.

The market breadth was marginally positive. Out of 2,686 shares traded on BSE, 1,341 advanced (49.93 per cent), 1,263 declined (47.02 per cent) and 82 (3.05 per cent) remained unchanged.

Among the major gainers in the Sensex stocks, HDFC soared 7.74 per cent. Other gainers included Tata Steel (4.32 per cent), Mahindra & Mahindra (3.59 per cent), Reliance Infrastructure (3.17 per cent), ICICI Bank (3.05 per cent) and Jaiprakash Associates (3.03 per cent).

National Thermal Power Corporation (NTPC) rose by 2.25 per cent on Railway Minister's declaration about setting up a 1,000-MW power plant in the tribal area of Andhra Pradesh. The power major is reportedly in talks with Japan Bank for International Co-operation for a loan of $500 million for power projects.

Hero Honda fell the most at 1.08 per cent. Hindalco (0.95 per cent), Sterlite (0.74 per cent), Reliance Communications (0.24 per cent) and ITC (0.03 per cent) were the other losers.

All the sectoral indices ended in green on Friday. The Bankex (2.19 per cent), capital goods (1.90 per cent), power (1.84 per cent), healthcare (1.80 per cent) and realty (1.18 per cent) were the prominent movers on BSE.

According to provisional BSE data, foreign institutional investors were net buyers of shares worth Rs 210.82 crore and domestic institutional investors were net buyers of Rs 298.58 crore on Friday.
 

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Dalal St rallies on Budget eve

Dalal St rallies on Budget eve

Posted: Saturday , Jul 04, 2009 at 0330 hrs IST
Mumbai:

Bulls have pinned their hopes on finance minister Pranab Mukherjee. Ignoring weak global cues, Dalal Street surged on Friday after railway minister Mamta Banerjee announced a number of new initiatives in the Rail Budget and optimism that the Union Budget on Monday would detail plans to further open up the economy and kick off asset sales gained ground.

With investors covering their short positions ahead of the budget on Monday, the BSE index rose 1.74 per cent, or 254.56 points, to 14,913.05 points after slipping as much as 1.1 per cent at one point in volatile trade. Financial stocks rose on hopes for incentives, while infrastructure-related stocks gained in anticipation of higher government spending.

Said Khambatta Securities director Sunil Shah, “This will not be a hard-core economist’s budget but have a social angle as was displayed on Friday with the Railway Budget talking about a number of populist steps. There might be changes in the securities transaction tax (STT), long-term and short-term capital gains tax and the levy of service tax.” Marketmen will be happy even if status quo in all these taxes is maintained, said a dealer.

Others are also hopeful. “The Union Budget is likely to be positive for the markets as the economic survey has given some confidence. The government has talked about a number of reforms and the execution of these plans will bolster faith amongst market participants,” said SBI MF chief investment officer Navneet Munot.

Divestments are now likely to be on the government’s agenda with the president stating that there will soon be a roadmap for listing PSUs. The government plans to raise around Rs 10,000 crore in FY’10.

“The bottom line is that divestments, which have been on the back burner for a long time will likely see the light of day. Financing India’s infrastructure deficit is likely to be a major focus area. To this end, one could see measures to open up the debt market, given that of the total investment requirements of $517 billion, debt financing is estimated at $247billion. This could include tax exemptions on infrastructure bonds, further raising limits for viability gap funding,” said Birla Sun Life Insurance chief investment officer Vikram Kotak.

Rail-related stocks fall

MUMBAI: Shares of companies related to the rail sector plunged by around 5 pc on the BSE as the Railway Budget fell short of expectations. Shares of engineering and wagon manufacturers like BEML, Texmaco and Titagarh Wagons settled down by up to 5 pc . While BEML closed at Rs 1,033, down 4.51 pc on the BSE, Titagrah settled 5 pc lower at Rs 417.35.
 

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Sensex, Nifty gain one per cent each in bullish market - India Business - Business - The Times of India

Sensex, Nifty gain one per cent each in bullish market
4 Jul 2009, 1257 hrs IST, PTI

MUMBAI: The stock markets remained bullish past week as the key indices Sensex and Nifty gained one per cent each amid high expectations about sops to the industry and economic reforms in the Union Budget to be presented on Monday.

During the week, the Economic Survey has recommended sweeping tax reforms and asked the government to revitalize disinvestment programme and plan to generate at least Rs 25,000 crore per year while the Railway Budget left freight raters and passenger fares unchanged with a focus on upgrade of rail infrastructure.

Analysts, however, visualized heavy built up of positions if the government announce industry-friendly budget with its thrust on infrastructure sector and economic reforms to boost growth amid disappointing US jobs data indicating to obstacles in any economic revival.

In the week ended July 3, the Bombay Stock Exchange 30-share barometer fluctuated widely between 14,955.55 and 14,355.52 before ending the week at 14,913.05, netting a rise of 148.41 points or 1.01% over last weekend's close.

Similarly, the National Stock Exchange's 50-share Nifty gained 48.75 points or 1.11% to conclude the week at 4,424.25 from its previous weekend's close.

A hike in petrol and diesel prices and lower global crude prices helped oil PSUs surge strongly over the week.
 

Yusuf

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I think we can expect a good budget and i wont be surprised if the market registers a record single day gain. People are just waiting for any good news regarding the economy. The other day, economic survey hinted a 7-7.5% growth which is outstanding considering the time. So im optimistic.
 

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^^^ Agreed and also I think so, that market will gain significantly post budget, however, I am keeping my finger crossed and waiting for budget.

Regards
 

Yusuf

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How much money have you invested there mate?
 

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Sensex manages tepid pull back, up 127pts

Sensex manages tepid pull back, up 127pts
BS Reporter / Mumbai July 7, 2009, 16:16 IST



After Monday's massive 870 points plunge on the Sensex following the presentation of the Union Budget, the index managed a tepid pull back today, thanks mainly to FMCG stocks.

The Sensex opened 60 points higher at 14,104, and touched a low of 14,000 points in morning trades.

The index, thereafter, exhibited high volatility throughout the day owing to the constant bouts of buying and selling in the market.

The Sensex manged to touch the day's high of 14,252, up 252 points form the day's low.

The index finally ended at 14,170, up 127 points.

The market breadth was extremely positive - out of 2,630 shares traded, 1,461 declined and 1,071 advanced on the BSE.

Most of the sectoral indices managed to recovered partially from yesterday's debacle.

The BSE Auto and the FMCG indices added around 4% each to 4,635 and 2,401, respectively.

While the PSU index slipped around 2% to 7,636.

INDEX MOVERS...

ITC and Jaiprakash Associates surged around 7% each to Rs 211 and Rs 206, respectively.

Hero Honda and Mahindra & Mahindra gained over 5.5% each at Rs 1,437 and Rs 750, respectively.

Grasim and ACC advanced around 5.5% each to Rs 2,420 and Rs 762, respectively.

Maruti and Bharti Airtel moved up 3.5-4.5% each at Rs 1,080 and Rs 811, respectively.

Larsen & Toubro, ICICI Bank, Reliance Infrastructure and TCS were the other major gainers, up over 2% each.

...AND THE SHAKERS

Reliance and ONGC slipped 2% each to Rs 1,855 and Rs 1,050, respectively.

Reliance Communications, Tata Motors, Infosys and SBI were some of the other losers on the BSE.

VALUE & VOLUME TOPPERS

Reliance topped the value chart with a turnover of Rs 278.48 crore. It was followed by Educomp Solutions ( Rs 245.98 crore), ICICI Bank (Rs 208.01 crore), Reliance Infrastructure (Rs 191.91 crore) and Reliance Capital (Rs 189.35 crore).

Cals Refineries led the volume chart with trades of 45.37 million shares on the BSE. It was followed by Reliance Natural Resources (18.96 million), Unitech (17.25 million), Suzlon (15.12 million) and IFCI (11.40 million) shares on the BSE.
 

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Sensex surges over 453 points on signs of economic recovery- Hindustan Times

Sensex surges over 453 points on signs of economic recovery

Press Trust Of India
Mumbai, July 14, 2009

First Published: 16:01 IST(14/7/2009)
Last Updated: 17:35 IST(14/7/2009)

The benchmark Sensex zoomed by over 453 points on the Bombay Stock Exchange today on reports of early signs of economic recovery amid upbeat data from neighbouring countries.

The Sensex, which lost nearly 10 per cent in the last few trading sessions, bounced back to record a hefty gain of 453.38 points at 13,853.70, after Finance Minister Pranab Mukherjee said that the economy was showing early signs of recovery and the government had to increase borrowing to invest more, in the absence of private investment.

The 50-share National Stock Exchange index Nifty surged by 137.35 points at 4,111.40, after touching the day's high of 4,128.90. The market also received a booster following upbeat economic data from Singapore and Australia and a surge in investor confidence data in Germany.

A better opening at European stock markets and an overnight surge on the Wall Street were other supporting factors. The realty sector index gained the most, 9.38 per cent, to 2,995.16. The metal sector index was the second-best performer, gaining 5.53 per cent to 10,273.75, as market participants felt the improvement in economic conditions would raise demand for base metals.

Foreign institutional investors were believed to be net equity buyers during the day. This also forced speculators to cover their pending positions created in the last few sessions when the market was on the downslide.

Domestic investors stepping up buying had a positive impact on the trading sentiment. Besides realty and metals, stocks in consumer durables recorded handsome gains. The consumer durables index rose by 5.12 per cent to 2,745.24, followed by the power index (4.60 per cent to 2,657.98).

The capital goods index rose by 4.11 per cent to 11,474.77, banking 3.65 per cent to 7,580.18, oil and gas 2.85 per cent to 8,681. 55 and auto 2.70 per cent to 4,570.17. The IT index rose 2.63 per cent to 3,337.72, the teck index 2.46 per cent to 2,551.83 and the healthcare index 1.95 per cent to 3,575.59.
 

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Nifty surges to close at 4250; Realty, metals lead- Market News-Stocks-Markets-The Economic Times

Nifty surges to close at 4250; Realty, metals lead
15 Jul 2009, 1544 hrs IST, ET Bureau

MUMBAI: Markets surged for second straight day taking cues from positive global markets and encouraging comments from Finance Minister Pranab Mukherjee. Revival of monsoon in some parts of India also helped sentiments. The rally was led by realty, metals and power stocks.

National Stock Exchange’s Nifty ended at 4245.60, up 134.20 points or 3.26 per cent. The index touched an intra-day high of 4246.30 and low of 4118.75.

Bombay Stock Exchange’s Sensex closed at 14287.98, up 434.28 points or 3.13 per cent. The 30-share index hit a high of 14288.20 and low of 13891.04.

BSE Midcap Index closed 4.23 per cent and BSE Smallcap Index moved 4.68 per cent higher.

Amongst BSE Realty Index gained 7.89 per cent, BSE Metal Index moved 5.84 per cent higher and BSE Power Index advanced 5.09 per cent.

Significant gains in Reliance Power (9.86%), Hindalco Industries (8.42%), Idea Cellular (8.06%), DLF (8.01%) and Siemens (7.7%) drove the Nifty higher.

Infosys Technologies (-1.04%), Ambuja Cements (-0.45%) and Cipla (-0.02%) were the only losers in the 50-share index.

Market breadth on BSE showed 2036 advances against 554 declines.

(All figures are provisional)
 

Yusuf

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Are you in Stock broking or Security Adviser , Yusuf ?

Regards
No mate. Stocks are not my cup of tea. But it facinates me none the less as to how people make money out of nothing actually.
 

Pintu

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http://www.ptinews.com/news/177014_Sensex-ends-flat-in-high-volatility

Sensex ends flat in high volatility

STAFF REPORTER 16:21 HRS IST

Mumbai, July 16 (PTI) The Bombay Stock Exchange 30-share bellwether ended flat today after high volatility as investors booked profits in the last 30 minutes.

The market alternatively moved in positive and negative terrain throughout and fell sharply at the fag end even as inflation rose marginally to minus 1.21 per cent and European markets slipped in early trade after a three-day surge.

Fluctuating in a range of 14,493.10 and 14,169.58, the BSE barometer ended the day at 14,250.25, showing a fractional downside variation from its previous close.

Initially, the market hit an intra-day high on the back of firm Asian cues and positive FII activity.

Asian indices ended the day higher by about 0.5 per cent to 1.0 per cent on encouraging US manufacturing data.

Foreign institutional investors turned net buyers after their massive pull-out in the initial two weeks of July. They bought shares worth Rs 342.
 

Pintu

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No mate. Stocks are not my cup of tea. But it facinates me none the less as to how people make money out of nothing actually.
Ok, it depends on how you book your profit, I think you should not expect high gain when the share you have purchased it is going strongly, it is better that you invest in long term and please avoid daily trading. Go for Blue Chip share and also I opine to see CNBC TV-18 for advise.

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Sensex up 495 pts on financial reform hopes

Sensex up 495 pts on financial reform hopes
BS Reporter / Mumbai July 18, 2009, 0:44 IST

Records its highest gain since May.



Finance Secretary Ashok Chawla’s statement that the government would introduce seven Bills in Parliament, including pension and banking reform proposals, ensured that the markets ended the week on a high note.

The Bombay Stock Exchanges Sensitive Index, or Sensex, surged 494.67 points, or 3.47 per cent, to 14,744.92, its highest weekly rise since May. The S&P CNX Nifty added 143.55 points, or 3.39 per cent, to 4,374.95.

Together with gains earlier this week, today’s rise marks a sharp reversal of last week’s fall, when the Sensex slipped 9.45 per cent after Finance Minister Pranab Mukherjee’s Budget statement that contained little or no mention to key economic reforms.

Overall, the Sensex recovered sharply this week by 9.19 per cent — the highest in Asia — on better monsoon prospects, better-than-expected results from Goldman Sachs and Intel and several statements by key ministers, including the finance minister, on the fiscal deficit and economic reforms.

“Last week’s fall was a result of traders taking short positions because of the government’s borrowing programme and Indian Meteorological Department’s rain forecast review. This led to short-covering when the environment improved,” said Manish Sonthalia, fund manager, Motilal Oswal Securities.

US markets also moved up sharply during the week. The Dow Jones gained 6.94 per cent while Nasdaq jumped 7.35 per cent this week. In Asia, the Hang Seng surged 6.20 per cent and the Straits Times edged up 5.33 per cent.

“Foreign Institutional Investors have started operating in the last two or three days leading to a rise in the markets. Yet, it may not go beyond 4,450 and will find support at 4,200 levels,” said Deven Choksey, managing director, KR Choksey.

All the sectoral indices closed in the green for the week. The realty index rose the highest by 17.62 per cent. The bankex, auto and metal indices were up over 10 per cent.

DLF gained the most at 19.47 per cent. Reflecting the bullishness in the financial sector, ICICI Bank and HDFC were among the top five gainers at 18.05 and 14.41 per cent, respectively.

LOOKING UP
TOP Sensex Gainers
Name Jul 17# % Chg*
Reliance Infra 1150.00 8.44
Mah & Mah 778.65 8.07
Jaiprakash Asso 212.85 7.20
ICICI Bank 742.45 6.82
Tata Motors 316.00 6.68
Hero Honda 1638.10 6.49
Hindalco 84.20 6.31
TOP Sensex Losers
Sterlite Ind 587.650 -0.420
NTPC 205.100 -0.150
Reliance Ind 1933.400 -0.050
* Over Prev Close # In Rs

Motilal Oswal’s Sonthalia added: “With RBI’s policy review and FIIs’ expiry in the next two weeks, auto, bank and metals should be in focus.”

Besides the monetary policy review on July 28, market players would be looking forward to announcement of the government’s disinvestment plans, key corporate results and global cues.
 

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The Statesman

Sensex jumps 495 points

; Statesman News Service
MUMBAI, 17 JULY: Wiping out the huge deficit of last week, stock markets closed with spectacular gains today. Bulls have been aggressive throughout the week because of positive global cues and widespread revival of monsoon. The bellwether Sensitive Index of the Bombay Stock Exchange increased 1,240.70 points or 9.19 per cent this week. It closed today at 14,744.92 points, up 3.47 per cent or 494.67 points over its previous close. The NSE posted a weekly increase of 371.05 points or 9.27 per cent closing for the week at 4,374.95 gaining 143.55 points or 3.39 per cent.
Dalal Street responded with a warm welcome to three factors this week: good rain prospects, the government’s assurance on dilution of its stake in public sector undertakings and positive earning reports from America where Wall Street seems to have turned corner as Dow Jones did well.
In the previous week, stocks took a sever hammering with all frontline shares falling sharply. The dismal outlook changed drastically this week because of several positive domestic and global events. However, analysts said foreign funds did furious short-covering this week and earned impressive profit. They have been less active this week when big domestic investors such as LIC, GIC or companies such as Reliance ~ the market leader ~ also played a major role in lifting the market sentiment.
The 30-share Sensex of BSE started at 14,325.58 points with a modest positive gap of 75.33 points. It surged mostly in the second half of Friday’s business session and peaked to 14,800.70. It ended the day a shade below. The major contributors to the rally included auto, bank and realty shares. During the week all BSE sectional indices performed well with increases of more than five per cent. Reliance dominated Friday’s trading although its closed with a small loss.
Analysts say the markets are yet not safe for individual investors despite bulls turning aggressive. It remains a "big money" market since values are too high for smaller investors to risk their wealth. Foreign funds and big domestic investors have booked around 10 per cent to 20 per cent profit this week mostly in frontline stock deals. Analysts say this should not be construed as the return of foreigners. The FIIs will try to recover their recession period losses as fast as they could, they predict.
Friday’s trade in Sensex shares was Rs 2,116.74 crore in turnover as 28 stocks advanced and two declined. The top gainers included Mahindra at Rs 778.65 (8.07 per cent), Tata Motors Rs 316 (6.68 per cent), Hero Honda Rs 1,638.10 (6.49 per cent), Reliance Infra Rs 1,150 (8.44 per cent) and ICICI Bank Rs 742.45 (6.82 per cent).
 

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http://ptinews.com/news/183782_Sensex-rises-again-on-tide-of-good-news

Sensex rises again on tide of good news

STAFF WRITER 17:11 HRS IST

Mumbai, July 20 (PTI) Powered by the IT sector and good corporate results from within the country and the US, the BSE Sensex today added 446 points to close above 15,000 for the first time in a month.

A firm opening at European and Asian stock markets and the upgrade of Indian stocks by leading international lenders further boosted trading sentiment and the 30-share Sensex climbed 446.09 points, or 3.03 per cent, to 15,191.01.

The 50-share National Stock Exchange index Nifty rose by 127.30 points, or 2.91 per cent, to 4,502.25.20. The Nifty regained 4,500 points almost after a month.

The 13-share BSE IT index was the best performer among sectoral indices, with a rise of 254.33 points or 7.26 per cent at 3,759.61 points, after touching an intra-day high of 3,899.10 points.

The current rally recorded a gain of 9.
 

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