Stock Markets

Sensex rallies over 325 points, Nifty reclaims 8,350 level

Mumbai - The benchmark BSE Sensex rallied over 325 points and Nifty reclaimed the 8,350 level in morning trade on across the board buying, led by banking, oil, metal and auto stocks.

Positive economic data amid hopes of more reforms fueled the buying by funds and retail investors, brokers said.

Stocks from midcap and smallcap companies also joined the rally along with key private financials like HDFC bank, ICICI and Axis Banks.

The Sensex resumed higher at 27,521.28 and surged to 27,832.60 points at 1100 hrs, a gain of 325.06 points or 1.18 percent over the previous close.

The 50-issue Nifty of NSE crossed the 8,300 level by rising over 95 points in morning trade.

Sensex begins New Year on a weak note

Mumbai - Stock markets opened on a subdued note on the first trading day of 2015 with the benchmark BSE Sensex falling by over 83 points in early trade on profit booking after recent gains.

The 30-share index which had gained 290.81 points in previous four straight sessions, fell 83.84 points, or 0.30 percent, to 27,415.58 in early trade Thursday.

Stocks of banking, oil & gas, metal, FMCG and power sector led the fall.

HDFC, HDFC Bank, ICICI Bank, Infosys, NTPC and Coal India fell up to 1.03 percent in early trade.

Reliance, Sesa Sterlite, Gail, Hindalco, Dr Reddy's were also among major losers.

Sensex gains 82 points to 27,478 in early trade

Mumbai - The benchmark BSE Sensex rose over 82 points in early trade on Tuesday on increased buying by funds and retail investors amid acceleration in economic reforms after the government recommended promulgation of an ordinance making significant changes in the Land Acquisition Act.

Rising for the third straight session, the BSE 30-share barometer rose by 82.57 points, or 0.30 percent, to 27,478.30.

The National Stock Exchange index Nifty also edged higher by 21.95 points, or 0.26 percent, to 8,268.25.

Brokers said sentiments remained firm over optimism on the growth front and the government's resolve to use the ordinance route to push more economic reforms.

Sensex snaps two-session losing streak; gains 102 points to 27,311

Mumbai - Snapping its two-session losing streak, the benchmark BSE Sensex recovered over 102 points to 27,311 in early trade on Friday as the January series in derivatives segment commenced on fresh buying by participants.

The 30-share index, which had lost 493.18 points in the previous two sessions, rose by 102.83 points, or 0.38 percent, to trade at 27,311.44 with power, capital goods, infrastructure, banking and metal sector stocks leading the rise.

On similar lines, the National Stock Exchange index Nifty surged by 44.85 points, or 0.55 percent, to 8,218.95.

Sensex gains over 6,000 pts; gears for best rally in 5 years

Mumbai - Riding high on the sentiments, the stock market is gearing up for its best performance in five years with a rally of over 6,000 points in the benchmark Sensex in 2014 -- which also saw the investors' wealth hitting Rs 100 trillion level for the first time in history.

With just four days of trading left this year, the Sensex has rallied by nearly 29 percent so far in 2014 with a gain of 6,038 points -- the highest annual gain since the year 2009 when the bluechip index had rallied by 7,817 points.

Markets to remain closed today on account of Christmas

Mumbai - The Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Forex, Money and commodity markets will remain closed on Thursday on account of "Christmas".

Sensex yesterday slumped by nearly 300 points to end day's trade at 27,208.61 due to heavy profit-booking, chiefly in IT, oil & gas and power shares, ignoring government approving the ordinance route to implement insurance and coal reforms.

The BSE 30-share index traded in the positive terrain in early trade but could not to keep the gains and fell sharply o 27,208.61, a fall of 297.85 points or 1.08 percent, due to selling pressure emerged in the last hour of day's trading. PTI

Sensex extends 4th straight-session gain; trading over 27,700 level

Sensex upMumbai: Extending its rising streak for the fourth straight session, the benchmark BSE Sensex rose over 49 points in early trade on Tuesday on the back of a firming trend overseas amid covering-up of short positions by speculators ahead of monthly expiry in the derivatives segment tomorrow.

The 30-share barometer moved up by 49.46 points, or 0.18 percent, to 27,751.25 with capital goods, auto, banking and consumer durables sector stocks, leading the rise.

The gauge had rallied by 991.66 points in the previous three sessions.

Similarly, the National Stock Exchange index Nifty rose by 10.10 points, or 0.12 percent, to 8,334.10.

Alstom shareholders approve sale of energy biz to GE

New Delhi - Shareholders of French firm Alstom have approved the sale of the company's energy businesses to General Electric.

This would, however, be subject to various other approvals.

The resolution relating to this transaction was approved by a majority of 99.187 percent, Alstom's Indian arm Alstom T&D India said in a regulatory filing to the stock exchange.

The shareholders, who held a cumulative 64.25 percent of their shares and the related voting rights, were present during the meeting held in Paris last week.

Sensex extends gains, up 87 points in early trade

Mumbai - The benchmark BSE Sensex gained over 87 points in early trade on Monday on mild buying by funds and investors amid robust global trends coupled with positive domestic sentiments after the introduction of GST Bill in the Lok Sabha on Friday.

Rising for the third straight day, the 30-share index, which had gained 661.71 points in past two sessions, rose by 87.28 points, or 0.32 per cent, to 27,459.12 with stocks of metal, FMCG, capital goods and realty sectors leading the rise.

The National Stock Exchange index Nifty also moved up by 18.10 points, or 0.22 per cent, to 8,243.30.

Sensex up 314 points in early trade on global trends

Mumbai - Extending its rise for the second straight session, the benchmark BSE Sensex spurted by over 314 points in early trade on Friday on firming global trend after the US Fed gave indication of holding interest rate hike in the short-term.

Besides, further recovery in the rupee, which was trading 11 paise higher at 63 against the dollar in early trade, also supported the rally.

The 30-share index, which had gained 416.44 points in the previous session, rose further by 314.29 points, or 1.16 per cent, to 27,440.86.

Sensex snaps 5-day losing trend to regain 27K mark; Nifty over 8,100 level

Mumbai - Snapping their five-day losing trend, Sensex soared over 395 points to regain the 27,000-mark and NSE Nifty reclaimed the 8,100-level in early trade today, following rebound in bluechips, boosted by a global markets rally after the US Fed kept its monetary policy unchanged.

The 30-share index rebounded by 395.67 points, or 1.48 percent, to trade above the 27,000-mark at 27,105.80. The gauge has lost 1,120.97 points in the previous five sessions.

All sectoral indices, led by consumer durables, banking, power, capital goods, realty and metal, gained up to 3.03 percent.

Sensex drops 285 points in morning trade; Nifty below 8K-level

Mumbai - Bears continued to cast shadow as the benchmark BSE Sensex extended its overnight crash to drop 284.91 points and Nifty fell below the crucial 8K-level on across the board selling amid mixed Asian cues.

The market was entangled by global uncertainties due to fall in crude oil prices, Russian currency turmoil as well as uninterrupted selling by FIIs.

There is a need of definite trigger for bourses to recoup as investors are looking for the outcome of a crucial US Federal Reserve meeting, a trader said.

The 30-share BSE Sensex resumed lower at 27,724.01 and dipped to 26,483.57, down by 284.91 points, or 1.06 percent, at 1015 hours.

SpiceJet shares plunge 17% as airline asks for govt help

Mumbai - Continuing its plunge for the fourth straight session Tuesday, shares of SpiceJet tanked 17 percent even as the beleaguered company got a breather with indications that state-run Airports Authority of India would not press for immediate clearance of Rs 200 crore dues.

Amid continued sluggish investor sentiment for the shares of the Kalanithi Maran-led company, SpiceJet plunged 16.97 percent to Rs 11.25 at the BSE.

In four trading sessions, the stock has crashed over 25 percent, eroding Rs 216.63 crore from its market value.

Marketmen said that the stock is witnessing a downtrend amid mounting troubles for the cash-strapped budget carrier.

TCS shares tank 4% on revenue growth concerns

Mumbai - Shares of Tata Consultancy Services (TCS) fell by 4 percent Monday on worries that growth may be muted after the company said it expects revenue in December 2014 quarter to be 'in-line with seasonal trends'.

TCS's scrip tumbled 4 percent to Rs 2,356.45 at the BSE.

On the NSE, it was down 3.9 percent to Rs 2,355.10.

The bellwether stock was the worst performer among the 30-Sensex constituents.

The third quarter of the fiscal is traditionally weaker for IT firms as business is impacted by low volume growth amid Christmas and New Year holidays and furloughs in the US and Europe.

Sensex plunges 245 points in early trade, Nifty dips below 8,200

Mumbai - The benchmark Sensex tumbled over 245 points and the Nifty went below the 8,200 mark in early trade Monday on continued selling by funds and retail investors after October industrial production contracted sharply, amid a weak trend in the Asian region.

Falling for the third straight session, the 30-share barometer plunged by 245.64 points, or 0.89 percent, to 27,105.04 with IT, consumer durables, realty, capital goods, metal and oil & gas stocks leading the fall.

Auto, healthcare and power stocks also faced selling pressure.

The BSE index had lost 480.42 points in the previous two sessions.

Sensex, Nifty plunge in early trade on global selloff

Mumbai - The benchmark BSE Sensex tumbled over 258 points to 27,572.70 and the NSE Nifty slumped by 74.15 points to trade below 8,300-mark in early trade on Thursday on sustained foreign fund outflows, tracking weak global cues amid plunging crude prices.

The 30-share index fell by 258.40 points, or 0.92 per cent, to 27,572.70, with all the sectoral indices led by capital goods, realty, auto, metal and PSU trading in the negative zone.

The gauge had gained 34.09 points in yesterday's volatile trade.

Also, the National Stock Exchange index Nifty shed 74.15 points, or 0.88 per cent, to 8,281.50 in early trade.

Sensex extends losses for 4th straight day; trading at 27,710

Mumbai - Continuing its falling streak for the fourth straight day, the benchmark BSE Sensex fell by nearly 87 points in early trade on Wednesday on sustained selling by funds and investors amid weak global cues.

The 30-share barometer, which lost 765.81 points in the previous three sessions, fell by 86.98 points, or 0.31 percent, to 27,710.03 in early trade.

On similar lines, the National Stock Exchange index Nifty declined by 9 points, or 0.11 percent, to 8,331.70.

Sensex slips below 28K, Nifty down 72 points

Mumbai - Extending their fall, the benchmark BSE Sensex slipped below the 28,000 level and the NSE Nifty dropped below the 8,400 mark at midsession as funds and retail investors indulged in selling activity amid weak global cues after crude oil dipped to fresh five-year lows.

After opening in negative terrain on continued selling activity by participants, the Sensex dipped below the psychological 28,000-mark to touch a low of 27,869.92. It, however, recovered marginally to 27,911.35, down by 208.05 points, or 0.74 percent at 1330 hours.

Sensex down 105 points as IT shares slip; logs 1st weekly drop in 7 weeks

Mumbai - The benchmark Sensex on Friday ended 105 points lower at 28,458.10 and logged its first weekly drop in seven weeks on late profit-booking in IT and pharma shares.

The BSE Sensex appears to be consolidating between 28,000 and 29,000 levels before making any fresh move, brokers said.

ITC, M&M and Sesa Sterlite were among the few gainers in 30-share Sensex. The barometer fell on losses led by TCS, Infosys, Wipro, Sun Pharma, Dr Reddy's and Cipla shares.

Second-line stocks, which have been in the limelight recently, also were hit by profit-booking by retail investors, brokers added.

SAIL offer for sale subscribed more than two-times, govt gets Rs 1,715 crore

New Delhi - Government's disinvestment drive got a tremendous start Friday, with steel major SAIL's share sale being subscribed more than two times fetching the exchequer Rs 1,715 crore.

The first disinvestment offering this fiscal saw retail investors lapping up SAIL shares taking the overall subscription to 2.08 times (42.93 crore shares) of the 20.65 crore shares on offer.

Government's stake in SAIL will come down to 75 percent pursuant to this public issue, helping the company to meet Sebi's listing norms.

Government has set a target of Rs 43,425 crore through selling stakes in various PSU firms during the current fiscal.

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