Mumbai - British brokerage HSBC Tuesday retained its 'neutral weighting' on the domestic market saying the time is not yet right for it to change its outlook.
"We don't think the time is yet right for us to change our neutral weighting on Indian equities. Valuations still look high and mutual funds are still very overweight on the market," HSBC Global Research said in a report.
Mumbai: Continuing its winning spree for the seventh straight day, the benchmark BSE Sensex rose 36 points in early trade on Wednesday as healthcare, IT, infrastructure and consumer durable sector stocks led the rally on the back of sustained capital inflows.
The BSE 30-share barometer rose 36.00 points, or 0.14 percent, to trade at 26,456.67. The gauge had gained over 1,090 points in the previous six sessions.
The NSE Nifty also maintained its rising trend and moved up further by 6.50 points, or 0.08 percent, to trade at 7,904.00.
Europe`s main stock markets rose at the start of trading on Tuesday, extending a surge on Monday.
London`s benchmark FTSE 100 index opened 0.32-percent higher at 6,762.64 points and Frankfurt`s DAX 30 gained 0.33 percent to 9,276.19 points.
The CAC 40 index in Paris advanced 0.31 percent to stand at 4,243.83 compared with Monday`s close.
European stock markets had rebounded sharply on Monday on easing investor concerns over the unrest in east Ukraine and Iraq.
Mumbai: Continuing their rising spree for the sixth straight day, the BSE Sensex and NSE Nifty on Monday hit new records of 26,520.73 and 7,912.05 respectively in opening trade on robust buying by foreign funds coupled with firming trend overseas.
The BSE 30-share barometer spurted by 129.77 points, or 0.46 percent, to hit yet another record high of 26,520.73, crossing its previous high of 26,413.11 touched yesterday. The gauge had gained 1,061.82 points in the past five sessions.
All sectoral indices led by metal and capital goods were trading in positive zone with gains up to 1.33 percent.
New Delhi, Aug 18 : Market expert Akash Jindal has predicted that the Bombay Stock Exchange's Sensex will cross 28000 points by Diwali and 30000 points by the New Year.
Talking to ANI, Jindal said, "Because of the Modi Government, investors are looking at India with a lot of confidence, whether domestic or international investors, FIIs or FDIs. Some factors which are essential have gone up - car sales have gone up in the last three months and job recruitments have also increased."
Mumbai: The benchmark BSE Sensex fell over 14 points in early trade on Monday as funds and retail investors booked profits after four sessions of gains amid a mixed trend in other Asian markets.
The 30-share barometer, which had gained 774.09 points in the previous four sessions, shed 14.47 points, or 0.06 percent, to 26,088.76, led by weakness in FMCG, IT, realty and tech sector stocks.
Similarly, the National Stock Exchange index Nifty lost 5.10 points, or 0.07 percent, to 7,786.60.
New Delhi : Commodity bourse MCX on Wednesday said it has written to Sebi seeking exemption from divesting its entire stake in stock exchange MCX-SX saying the company is no longer acting in concert with erstwhile promoter Financial Technologies.
In the wake of Rs 5,600 crore payment crisis at National Spot Exchange Ltd (NSEL), promoted by Jignesh Shah-led Financial Technologies (India) Ltd, Sebi had directed MCX to divest its stake in MCX-SX as well as MCX-SX Clearing Corporation Ltd.
Mumbai: Snapping its two-day winning streak, the benchmark BSE Sensex fell over 30 points in early trade today after industrial production declined to 3.4 percent in June and retail inflation rose to 7.96 percent in July.
The 30-share barometer fell by 30.26 points, or 0.11 percent, to 25,850.51 with power, capital goods, realty, consumer durables and banking sector stocks leading the fall.
The index had gained 551.63 points in the previous two sessions.
Similarly, the National Stock Exchange index Nifty moved down by 15.25 points, or 0.19 percent, to 7,711.80.
Mumbai - Shares of Tata Motors soared over 8 percent in morning trade on Tuesday after the company reported over 3-fold jump in consolidated net profit for the June quarter.
The auto major's scrip jumped 8.18 percent to Rs 484.00 on the BSE.
On the NSE, the stock climbed 7.93 percent to Rs 482.
Tata Motors was the best performer among the blue-chips on both the Sensex and Nifty during the morning trade.
Mumbai: The benchmark BSE Sensex on Tuesday spurted over 225 points in early trade, led by auto, infra and oil and gas stocks amid expectations of encouraging IIP data for June to be released later in the day.
The 30-share index shot up by 225.27 points, or 0.88 per cent, to 25,744.51 with stocks of auto, realty, consumer durables, power and healthcare sectors leading the rally.
The gauge had gained 190.10 points in the previous session.
Similarly, the National Stock Exchange index Nifty edged higher by 65.50 points, or 0.85 percent, to 7,691.45.
Mumbai: The benchmark BSE Sensex recovered over 221 points in early trade on Monday as realty stocks led the rebound after market regulator SEBI on Sunday approved new norms for setting up and listing of Real Estate and Infrastructure Investment Trusts.
Besides, positive cues from other Asian markets also buoyed the sentiments.
The 30-share barometer rose by 221.20 points, or 0.87 percent, to 25,550.34 with stocks of realty, auto, capital goods, banking and metal sectors, leading the recovery.
The gauge had lost almost 579 points in the past three sessions.
Mumbai - Extending losses for the third straight session, the benchmark BSE Sensex fell over 274 points in early trade today on sustained selling by funds amidst weak global trend as geopolitical tensions worsened in Iraq and Russia.
Besides, fresh weakness in the rupee had negative impact.
The 30-share barometer, which had lost 319 points in the past two sessions, tanked 274.28 points, or 1.07 percent, to 25,314.73.
All the sectoral indices, led by banking, PSU and oil and gas were trading in negative zone with losses up to 1.63 percent.
Mumbai: The benchmark BSE Sensex extended yesterday's losses by declining over 54 points in early trade on Thursday as funds and investors indulged in trimming positions, tracking a weak trend overseas.
However, shares of companies related to railways were in keen demand after the government yesterday approved FDI liberalisation in the sector.
The 30-share barometer, which had lost 242.74 points in the previous session, fell by 54.13 points, or 0.21 percent, to 25,611.14 in early trade.
On similar lines, the broad-based National Stock Exchange index Nifty shed 13.30 points, or 0.17 percent, to 7,658.75.
Mumbai - The benchmark BSE Sensex fell over 37 points to 25,870.56 in early trade on Wednesday as funds and retail investors booked profits after two sessions of gains amid a weak trend in the Asian region.
The 30-share barometer, which had gained 427.17 points in the previous two sessions, moved down by 37.45 points, or 0.14 percent, to 25,870.56, led by weakness in banking, auto, oil & gas, capital goods and PSU sector stocks.
Similarly, the National Stock Exchange index Nifty fell 20.45 points, or 0.26 percent, to 7,726.10.
Mumbai: The benchmark BSE Sensex gained over 61 points in early trade on Tuesday on sustained and selective buying by funds and retail investors ahead of RBI's policy meet.
Continuing Monday's winning streak, the 30-share index rose further by 61.03 points, or 0.24 percent, to 25,784.19, with all the sectoral indices, led by auto and banking, trading in positive zone with gains up to 0.62 percent.
The Sensex had gained over 242.32 points in the previous session.
Mumbai - Shares of Syndicate Bank on Monday plunged over 8 percent after the CBI arrested its Chairman and Managing Director S K Jain for allegedly taking bribe of Rs 50 lakh for increasing credit limit of some companies.
Syndicate Bank's scrip slumped 8.57 percent to Rs 132.25 on the BSE. At the NSE, it tumbled 8.45 percent to Rs 132.10.
Led by the sharp fall in the stock, the company's market value fell by Rs 961.85 crore to Rs 8,078.17 crore.
Mumbai: The benchmark BSE Sensex gained over 128 points in early trade on Monday on emergence of buying by funds and retail investors in select stocks.
Besides, a firming trend in other Asian markets buoyed the trading sentiments here.
The 30-share index, which had lost 606.58 points in the previous two sessions, recovered by 128.14 points, or 0.50 percent, to 25,608.95, with all the sectoral index, led by realty, banking and metals, trading in positive zone with gains up to 1.31 percent.
Also, the National Stock Exchange index Nifty rose 38.20 points, or 0.50 per cent, to 7,640.80.
New Delhi - In-line with a weak stock market, nine of the top-10 most valued Indian companies together lost Rs 74,193 crore from their market valuation last week.
Barring ICICI Bank, rest nine companies, including TCS, ONGC, RIL, ITC and Coal India suffered losses. The market-capitalisation of TCS plunged Rs 17,334.74 crore to Rs 4,92,904.10 crore, taking the steepest hit among the top-10 firms.
RIL's value plummeted by Rs 13,978.9 crore to Rs 3,16,421.99 crore, while that of ONGC tanked Rs 12,533.79 crore to Rs 3,30,455.81 crore.
New Delhi - The RBI's monetary policy review on Tuesday and a bunch of earnings from blue-chips including SBI, Mahindra & Mahindra and Hero MotoCorp, will dictate the near-term trend on bourses, market experts said.
Besides, trend in investment by overseas investors, global cues, movement of rupee against the dollar, oil prices and progress of monsoon will also hold key for the markets.
Mumbai - The benchmark S&P BSE Sensex snapped its last two-week gaining spree, tumbling 646 points to end below 26,000 level at almost three-week low of 25,480.94 on cautious approach adopted by operators and retail investors ahead of the RBI's monetary policy next week.
Offloading long positions from operators in view of expiry of July-contract on Thursday, weak global cues, continuing geo-political tensions also affected the sentiment.
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