Stock Markets

Market Opens Positive, Continues To Trade Confidently

After opening optimistically at 13,886.71, the 30-share index
continues to trade in the positive zone. Select stocks from cement,
banking, automobile and pharmaceutical led the progressions while IT
stocks turned down.

According to Ashwin Gada, broker, Networth Stock Broking told that
the market is likely to be a little explosive for coming two three
days. He added that the share index may further reject 50--100 points
today and the Nifty may subsequently descend to 4080 level.

Sensex experienced 1,182 advancements as against 802 declinations whereas 77 remained unchanged.

Among the sectoral indices, BSE Bankex arose 0.76%, BSE Auto
ascended 0.41%, BSE IT rejected 0.33% and BSE Metal climbed up 1.35%.

Market Ends Week On Depressive Note

BSE SensexThe 30-share index opened flat at 14,129.89 and then lost its power and started trading negatively. In the mid-noon trades, the index continued to trade in a negative zone and closed lower. Stocks from oil & gas, automobile and metal led the declines.
In contrast, Asian stocks heaved after increase in metals prices that pushed metal stocks towards the upward direction and US productivity data exhibited better-than-expected growth.
The BSE Sensex ended the day at 13,934.27, after losing 143.94 points while Nifty closed at 4,117.35, down 33.5 points.
Out of the total 2,667 shares, 1,130 boosted, 1,453 turned down while 84 remained on their previous places.

Market Ends Optimistically, More Gains Expected

After openingStock Markets sturdily at 13,987.77, the stock market continued to trade optimistically on the back of Asian market that climbed up to their weekly highs.
Then, in the afternoon trades, the stock index continued its volatility and touched a high of 14,082.26, and lastly ended on a firm note. The stocks, which led the advancements, include auto, cement and metal.
Likewise, Asian stocks mounted Thursday on profits viewpoint that advanced sureness in investors and as Korea Electric Power Corp. reported better than expected earnings. In addition, United Microelectronics Corp. also reported elevated earnings.

Investors Prefer Online Trading

As per reports, approximately one-fifth of the retail turnover is being transacted online which is low as compared to markets like South Korea and Japan having 85% and 80% of the total retail turnover is transacted over the Internet. Hong Kong and Singapore market’s net-based transactions account for only 15% of the retail turnover.

Internet trading in India has grown 100% every year during the last 5 years. Almost 45% of the total retail trading is expected through the online network.

The Internet seems like the biggest leveler, enabler and differentiator as the broking industry will split into two parts where one would like to call itself wealth management providers while others will concentrate on the high volume business by providing lower charges.

Ranbaxy now Makes $100 Million Annually

Africa hasRanbaxy been a hushed moneymaker for India’s major drug manufacturing company Ranbaxy making around $100 million annually.

Now the company plans to invest up more funds in infrastructure and will establish a novel manufacturing plant in the continent.

At present, the company’s income from the continent amount to 7% of the company’s worldwide income. But returns from the county is cross-filing double-digit development.

Categories in News

This thread is for General Information for All Sub Editors and Senior Reporters. Below is the list of categories in which news can be posted. If you have any additional Category suggestion, please let us know.




Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Syndicate content