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Sensex up 0.7 pc on last day

  • tanvi_singh
  • September 2, 2010

Shares were trading 0.7 percent higher on Wednesday, helped by gains in Asian markets, with financials leading the rise. Financials marched ahead on expectations of better loan demand as the world’s second-fastest growing major economy expands further. Data on Tuesday showed India’s economy grew at its fastest pace in nearly three years in the April-June [...]

Indian markets ended strong on Wednesday

  • tanvi_singh
  • September 2, 2010

Indian markets ended strong on Wednesday, as stocks in Europe snapped a two-day fall after China’s Purchasing Managers’ Index beat estimates and rose to 51.7 in August and Australia’s economy expanded 1.2 per cent from the first quarter. National Stock Exchange’s Nifty broke through a range-bound trade to close at provisional 5473.95, advancing 71.55 points [...]

BSE Sensex ends at 1-month high

  • tanvi_singh
  • September 2, 2010

The Bombay Stock Exchange benchmark Sensex gained 235 points to a one-month high on Wednesday on heavy buying by funds influenced by strong GDP growth of the Indian economy and rising exports amid firming global cues. The Sensex shot up by 234.75 points, or 1.31 per cent, to 18,205.87, translating into its highest gain in [...]

JP Morgan fund keen on China,

  • tanvi_singh
  • September 2, 2010

JP Morgan Asset Management is eyeing China and India’s toll road sector, and Indonesia’s power and logistics industries, after investing a third of its $860 million Asia infrastructure fund, the fund’s chief said. In addition to these fast-growing economies, the Asian Infrastructure & Related Resources Opportunity Fund is looking at wind and solar energy sectors [...]

The market opened positive

  • tanvi_singh
  • September 2, 2010

The market opened positive and continued the upward movement with all the major indices ending the day in green on Wednesday. The market breadth was positive with advance-decline ratio of 3:1. The metal index recorded a major gain of 3%, followed by realty, tech and IT indices with gains of 2.98%, 2.25% and 2%, respectively. [...]

Bank Nifty futures may have run

  • tanvi_singh
  • September 2, 2010

The jump in activity in futures contracts of the Bank Nifty index since late June sparked by a rally in bank shares may be fizzling out. A perception among market participants that upside in the bank index is limited after rising about 20% from June 1 has traders cutting exposure to the bullish bets in [...]

Equities continued their run on Thursday

  • tanvi_singh
  • September 2, 2010

Equities continued their run on Thursday, on the back of gains across Asian markets. Realty stocks added fresh gains, followed by metals, auto, banking and consumer durables. Nifty was up 30.15 points or 0.55 per cent at 5502. The National Stock Exchange benchmark opened at 5471.90 against Wednesday’s close of 5471.85. The broader 50-share index [...]

Sensex off early highs

  • tanvi_singh
  • September 2, 2010

Indices came off highs, after starting the day on a strong note on Thursday on the back of gains across Asia. Automobile stocks took over the lead from realty, pushing it to second place. Metals too gave in their third position to banking stocks. IT, telecom and entertainment stocks slipped into the red. Nifty was [...]

Sensex quiet in afternoon trade

  • tanvi_singh
  • September 2, 2010

A benchmark index for Indian equities was ruling lacklustre in afternoon trade, though broader markets saw greater buying activity. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,215.28 points, was trading at 18,231.64 points, 25.77 points or 0.14 percent up from its previous close at 18,205.87 points. It had [...]

The market opened positive and continued

  • tanvi_singh
  • September 2, 2010

The market opened positive and continued the upward movement with all the major indices ending the day in green on Wednesday. The market breadth was positive with advance-decline ratio of 3:1. The metal index recorded a major gain of 3%, followed by realty, tech and IT indices with gains of 2.98%, 2.25% and 2%, respectively. [...]