Sensex Ends Up 136pts

Markets will be moved to a later time transactions, such as index heavyweight, Reliance so hard to buy. The SENSEX after languishing near the dotted line for most of the day, it rose 187 points the highest 18909th index is now 18 887 - up 165 points. The great thing about up to 51 points at the 5686th

Reliance Rs 887 rose 1.5% after the government approved the BP deal. The Centre on Friday gave an unconditional acceptance of India's largest private sector company to sell 30% stake in Block 21 of British Petroleum. The government, however, retains allow two blocks. In the meantime, the company plans to announce in June quarter today.

Asian stock markets fell today, concerns continue to plague debt investor emotions in the United States. U.S. leaders failed to agree on the weekend to increase the public debt limit before the deadline August 2.2011, leading to fears of a sovereign default. The global financial crisis, which was rooted in the poor regulation in the U.S. housing and banking sectors, have already been tarnished perceptions of the U.S. overseas ....

Bank of India posted a net profit decreased by 28% from Rs 517.5 crore in the first quarter ended on June 30, 2011. State-owned bank had posted net profit of Rs 725.1 crore same quarter last fiscal year. 3% of the stock shed Rs four hundred and third

However, total revenues in the bank with 34.8% of Rs 7,293.6 crore compared to Rs 5,407.6 crore during the year ago period.

Shares of the leading mobile service provider Bharti Airtel jumped after the company's mobile phone costs raised by some of its telecom zones, triggering expectations that other companies in the market model, which is one of the cheapest call rates. Religare supplemented by smaller rival, Bharti and Idea Cellular "buy" from "hold" and raised the outlook for the Indian telecom sector to "overweight" from "neutral." Both stocks hit a new high today. Bharti Airtel was the largest contributor to the SENSEX upmove.

Patni Computers, software company today posted net profit of Rs 82.03 crore for the quarter ended June 2011, down 46.38% to Rs 153 crore for the corresponding quarter a year ago. Patni shares touched a new 52-week low of Rs 306 today and is currently at Rs 318 - down 4.6%.

Realty stocks of common concern, the RBI raising key interest rates again at its policy through tomorrow. BSE FMCG and IT indices were down for trades.

Meanwhile, rainfall between 14 July and 20 July 7% in the medium term, the Indian Meteorological Department. This comes after two consecutive weeks below average rainfall concern crops.

Markets look at RBI policy review, and continues to the results of the season. BHEL, Maruti Suzuki reported, Asian Paints, and Great Offshore quarterly earnings tomorrow. The following figures have come from Bank of Baroda, IDFC, Lupin and Oil India.

read more...

Markets Get Global Boost, Sensex Rises 286 Points

Markets ended on an optimistic note following positive news from the European Union, Greece's dry, and gains in bank shares after the Axis Bank announced better than expected results.

Nifty open green and moved steadily higher in 5577, supported front-line bank shares rally - Axis Bank, ICICI Bank and Punjab National Bank. 5642 index touched the highest in the afternoon and ended near days high 92 points to 5634. Concentrated in the SENSEX 286 points 18 722

Going forward, the markets will take cues Reliance Industries earnings on Monday and the Reserve Bank of India's tight Tuesday. Economists expect the RBI to break the cycle of high interest rates when it meets Tuesday, after raising prices by another 25 bps. The government has raised interest rates ten times in the past year, including high inflation.

On the global front, pepped European Union, the other for dry Greek $ 1570000000 up the risk in equities and indices of appetite notch a total of more than 1% growth in Asia. Japan's Nikkei Stock Average of 1.2%, jumped Hong Kong's Hang Seng index 2.1% and China's Shanghai Composite rose 0.2%.

Back in India, banking sector, investors got shares in Axis Bank announced a rise of 27%. Net income advanced Rs 942 crore in the quarter compared with Rs 742 crore last fiscal. Net interest income reported at Rs 1724 crore. Stock concentration of 5% after the results at the end of Rs 1296th

Axis Bank announced better than expected results prompted interest in buying shares in other banks including Union Bank, up to 5%, Yes Bank and ICICI Bank up 3.7% to 2.6%, pulling the BSE Banking index up 2.2% .

Among individual stocks, ended Bharti Airtel at Rs 411, 4%, after touching 52 weeks max Rs 412 after reporting 20% ​​hike in tariffs from 1 Paisa Paisa 1.2 per second, some circles.

Reliance Industries rose 1.5% to Rs 873 on expectations of a cabinet nod for RIL-BP (British Petroleum) deals worth $ 7200000000th Meanwhile, oil and gas conglomerate is expected to report a 15% increase in net profit of Rs 5,600 crore, driven of sales growth of 29% in June.

Rate sensitive auto stocks were also among the top gainers, index advanced 1.7%. Mahindra & Mahindra was up 3%, 2.6% were Ashok Leyland and Tata Motors added 2.2%.

Top gainers on the SENSEX was Reliance Communication to 3.4%, Infosys received 2.1% and 2% concentration of Bajaj Auto. Only three components of the SENSEX ended in red on the DLF fell 0.4%, Hindalco Industries slipped 0.3% and Jindal Steel fell 0.1%.

From a broader market rose 1.3% MidCap and SmallCap index added 0.2%.

Market breadth was positive, 1,715 shares advanced, 1188 shares that declined.

read more...

Sensex Ends 66 Pts Down

Indian equity criteria for a closed slightly lower in the middle of the cross-trading on Thursday. The market gyrated around its previous closing value of the morning trade due to lack of global cues.

In the second half trading was a bit better because of lower than expected decline in European markets before the EU summit.

NSE 50-share Nifty fell 25.45 points, to close at 5,541.60 and the BSE 30-Share SENSEX fell 66.19 points to end at 18,436.19. Broader indexes slid over 0.4% each.
Investors were skeptical of the American debt crisis, debt default and inflation. Raj Bhatt said Chairman and CEO of Elara Capital is all set to reduce wages to increase concern for investors.

"We do not see much inflows coming into India in the next two quarters. Downgrades and a possible inflation over the next few quarters is a big problem," he says. He believes that foreign institutional investors (FII) flows will come to India early next year, when concerns are resolved.

The French CAC, German DAX and UK FTSE was trading 0.8% lower (during the closing of Indian shares) before EU leaders meet in Greece, the second financial rescue package.
It was reported that Berlin and Paris seemed to have reached an agreement on a financial rescue package early Thursday morning in Greece.

Heavyweight Reliance Industries has played an important role in today's sell-off. Shares fell 1.75% - This may be because the cabinet deferred a lot of BP-RIL.
Financial shares have been excised - BSE Bankex slipped 1%. HDFC Bank, SBI, Axis Bank, ICICI Bank, PNB and IDFC fell 0.5 to 2%. Kotak Mahindra Bank fell 3%, in spite of good Q1 numbers.

NTPC, BHEL and DLF were the other losers in the deal. Reliance Communications was the biggest loser with a fall of 4% is the Nifty.

Howerver, buying in FMCG, the defense sector for a limited downside. ITC and the Hollow was approximately 0.5%. ONGC, Infosys and Wipro too went to more than 0.5%.
Hero Honda was the top gainer post strong numbers, growing by 1.6%. First quarter net income rose 13.5% in the company for more than a year ago to Rs 557.89 crore was supported by strong growth in sales volume. Revenue from India's largest two-wheeler maker picked up 32% from one year to Rs 5,683.33 crore.

In MidCap space, open Wednesday jumped almost 11% after strong Q1 numbers. CRISIL, SKS Microfinance, Hexaware Tech, and Petronas LNG rose by 9.6%.

But slipped Apollo Tyres, NCC, Shree Global, Orchid Chemicals and Dish TV India to 4-5%.

Crompton Greaves, which had lost 30% of the previous two days reached 2.5% short today.

About two stocks fell for every share in the last National Stock Exchange.

read more...

Sensex Closes 151 Points Down

Compared with the BSE SENSEX shed 151 points on Wednesday as investors sold across the board blue chips fear hike in interest rates to tame inflation and lower than expected Q1 earnings posted by IT major Wipro, despite firm trend in overseas.

30-Share SENSEX which received 147 points Tuesday, began on a positive note, before declining 151.49 points to 18,502.38, with almost all of the indices closing in the red.

Broad National Stock Exchange index Nifty fell by 46.50 points to 5,567.05 after touching an intraday high 5,645.40.

Brokers said the feeling bearish ahead of RBI policy meet next week to concerns that stubbornly high inflation, the central bank will raise interest rates further, the bulk of corporate earnings.

Mood was also dampened after a major Wipro first quarter net income on the budget and its sales forecast for the next quarter failed to match market expectations and the impact on trade in technology.

Wipro shares fell to a 3-month low, losing 3.95 per cent of Rs 398.60 a piece.

Sales Pressure on sales momentum of the center-right path, and reports trends in the Asian region and the opening is greater in Europe failed to lift investor emotions.

Indica energy sector suffered most, losing 1.73 per cent followed by health care index, which fell 1.71 per cent. Capital goods index fell 1.45 percent and 1.42 percent of the car index.

read more...

BSE Adopts New Corporate Identity

State premier stock exchange, the Bombay Stock Exchange Ltd. on Monday formally adopted a new common identity as BSE Ltd.

Its twenty ninth meeting approved in June, Bombay Stock Exchange Ltd. formally adopted a new common identity as BSE Ltd., according to a press release.

Plan for two centuries, the BSE played a leading role in covering several milestones that continually strives to create value for stakeholders, and India's financial ecosystem, he said.

It has turned into a pan-Indian multi-product market, said the infrastructure authority, whose activities range from equity, debt and derivatives segments of the care and education for business publication.

BSE is the oldest stock exchange in Asia. As with all companies listed on the BSE stock market exchanges in position 4 and the eighth largest in Asia in the world.

BSE 136-year-old also has the largest number of listed companies (over 5000) in the world.

read more...