Posts filed under 'Equities'
The Indian stock markets closed their monday in the red after having a good session in the first half of the day. The trend however revered post 12:00. The Nifty finally closed at 5192.25. CNX IT closed down by 1.48% while Bank Nifty closed down 0.26%. BSE Sensex closed down 0.62% while Midcap and Smallcap indices closed in the green. PSU, Realty, Health Care and Metal sectoral indices closed in red while FMCG, Bankex, Oil & Gas, Consumer Goods, Power, IT and Auto closed in the red.
Top gainers on the Nifty today include Zee Limited, Unitech, Cairn, Cipla, Siemens, Tata Steel, Dr. Reddy, ACC, Suzlon and Grasim. The losers pack included Hero Honda, Idea, HCL Tech, Wipro, SBI, HDFC, DLF, Tata Power, Punjab National Bank and M&M
May 5th, 2008
Today is Friday and the first trading day of the calender month. There is lots of news inflows - inflation numbers and result announcements apart from the stake acquisition of Mindtree in Aztechsoft. Yet the markets closed the day on a strong note.
Nifty closed strong at 5228.20 up by 1.21% while Sensex last traded at 17,600.12 up 1.81%. Buying interest is screen across the board. Bank, Auto, Realty, IT, Consumer Goods.. almost all of them have witnessed good buying interest. Bank stocks are dear ones for the traders as well as the investors today.
ICICI Bank, Bank of India, Kotak Bank, SBI and Union Bank closed on a strong note while Punjab National Bank and Oriental Bank of Commerce closed marginally in the red.
Reliance Industries, ICICI Bank, Maruti managed to close up by 6%, L&T and Tata Motors closed up 4%, M&M up over 3% while HCL Tech, Idea, Unitech and Wipro are up by over 2%
Top Nifty losers include Sterlite, Hindalco, Reliance Communications, Tata Steel, NALCO, ABB, PNB, Grasim, SAIL and HDFC.
May 2nd, 2008
The Indian stock markets opened positive this morning. CNX Nifty is up 0.47% while BSE Sensex is up 0.39%. The Largecap, Midcap and Smallcap are trading okay in the first half an hour of trade.
Metal stocks looks good. The BSE Metal Sectoral index is up 1.5%. PSU, Consumer Durables, Healthcare are looking good. IT and Reality sectoral indices are marginally in the red.
Some profit booking is seen in large cap telecom stocks. Both Reliance Communications and Bharti Airtel are in the red. Banking stocks are mixed as both traders and investors are keeping waiting for the key announcements from the Reserve Bank of India (RBI) later today. The Bank Nifty is marginally in the red and is down 0.34%
Tata Steel is trading above the Rs. 800 mark. The script is at Rs. 805.25 up 3.44%
April 29th, 2008
The stock markets had a relatively quiet monday morning. The NSE Nifty closed below the 5100 level at 5089.65 losing 0.43%. The BSE Sensex lost 110.02 points and closed at 17,015.96. Profit book is seen across the board with market all waiting for the announcement from RBI on April 29.
The IT, Oil & Gas, Capital Goods, Metal, Banks, Auto, FMCG and Power sectoral indices in the BSE closed in the red while Consumer Durables, PSU, Health Care and Realty managed to close in green.
Top gainers on Nifty include Reliance Energy, Sun Pharma, Tata Communications, Sterlite, HCL Tech, Unitech, Zee Limited, HDFC Bank, Idea and Reliance Communications. Top Nifty losers include Siemens, Cipla, Suzlon, Tata Steel, ICICI Bank, Maruti, ACC, GAIL, Wipro and Ambuja Cement.
Siemens had a bad monday trade with the script losing 9.81% to close at Rs. 580.90.
April 28th, 2008
India’s leading mobile telecommunications company Bharti Airtel has come up with a set of decent quartely numbers beating market expectations. The company announced a growth of 46% for FY 2008.
Highlights for Full Year ended March 31, 2008
* Overall customer base crosses 6.4 crore.
* Highest ever-net addition of 2.5 crore customers in a year.
* Market leader with a market share of all India wireless subscribers at 23.8%(22.4% last year)
* Total Revenues of Rs. 27,025 crore (up 46% Y-o-Y)
* EBITDA of Rs. 11,372 crore (up 53% Y-o-Y).
* Cash Profit of Rs. 11,137 crore (up 52% Y-o-Y).
* Net Income of Rs. 6,701 crore (up 57% Y-o-Y).
The stock markets have taken the news positive. The stock has just crossed the Rs. 900 mark. Other telecom stocks including rival Reliance Communications and IDEA are trading positive today.
April 25th, 2008
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