Bulls Riding ahead…
Bulls were in command as the key benchmark indices continued their
uptrend in mid-afternoon trade on firm global stocks and higher US
index futures. The BSE 30-share Sensex was up 226.94 points or
1.32%. The BSE Sensex today, 16 November 2009, crossed the
psychological 17,000 mark and S&P CNX Nifty breached the key 5,000
mark. Both the indices hit their [...]
Raymonds to foray into real estate; stock up 8%
Textile major Raymond will enter the real estate business soon. Addressing a press conference yesterday, the company’s Chairman and Managing Director Gautam Singhania said Raymond would start developing surplus land that it has.
At 09:59 am today, the share was quoting at Rs 222.70, up Rs 17.05, or 8.29% on the NSE. This was a 52-week [...]
Outlook for 18th September 2009
Outlook for 18th September 2009
Daily trend of the market is up.
Nifty touched its psychological resistance level of 5000 and it seems that now the market may give us some correction .But as the daily trend is still up, so the readers who are holding their longs in Nifty (bought on 25th August) may go [...]
Sensex, Nifty scale highest level in nearly 16 months; Nifty hits 5,000
The key benchmark indices scored small gains in choppy trade,
extending recent strong gains, as global stocks rose. The BSE
30-share Sensex rose 34.07 points or 0.2%, off close to 110 points
from the day’s high and up about 75 points from the day’s low.
Index heavyweight Reliance Industries (RIL) slumped as the firm
sold a part of its own [...]
Indian Stock Market snaps last six days gains
The key benchmark indices snapped last six days gains. Index
heavyweight Reliance Industries (RIL) edged higher in volatile
trade. The BSE 30-share Sensex fell 50.11 points or 0.31% up close
to 95 points from the day’s low and off 40 points from the day’s
high. Auto and banking stocks were in demand. PSU OMCs also edged
higher as crude oil [...]
Sensex races past 16,000 mark
Strong response to the initial public offer of Oil India, an improvement in business confidence of India Inc and revival of monsoon rains bolstered bulls as the barometer index BSE Sensex surged past the psychological 16,000 mark. The Sensex and the 50-unit S&P CNX Nifty, both, struck their highest level in more than 15 months. [...]
Sensex snaps four-day losing streak led by auto shares
Strong global cues with positive European markets and Asian markets
extending gains in late trade triggered a solid rally on the local
bourses, helping them break their four-day declining trend. Key
benchmark indices rallied in late trade on buying demand for auto,
metal and capital goods after starting the day on a soft note. The
BSE 30-share Sensex gained 290.79 [...]
NHPC slips after listing at Rs 42 on the NSE
NHPC, India’s largest hydro power generator, listed at Rs 42 on the NSE, a premium of 16.67% to its issue price of Rs 36 a share. However, the share slipped and was trading at Rs 38 at a premium of 5.57% to its issue price. The share touched an intraday high of Rs 42 and [...]
Positive on India, China; buy infra, realty: Morgan Stanley
Morgan Stanley is overweight on emerging markets like India and China, its Chief Asian & EM Equity Strategist Jonathan Garner told CNBC-TV18. In an exclusive interview, Garner said Chinese equities may run through their correction course fairly soon. “Like the rest of the emerging markets, they have corrected the extreme mispricing that existed since last [...]
Sensex jumps 7.5% in a week (world stocks rally)
The key benchmark indices gained for the straight seventh day but
volatility was high. The BSE 30-share Sensex rose 141.27 points or
0.9%, off close to 35 points from the day’s high and up close to
260 points from the day’s low. The 50-unit S&P CNX Nifty today, 28
August 2009, hit its highest closing level in nearly 15 [...]