The Indian stock markets had a postivie start this morning. Sensex is up by 231 points at 11178 points. Nifty is up 2% and is trading at 3439.25 points. Midcap stocks are stealing the show.
Top Nifty gainers include Unitech, Suzlon, Reliance Infra, Tata Motors, Reliance Capital, Tata Steel, HCL Tech, Larsen & Toubro, SBI and Axis Bank.
On the losing side are Cipla, Tata Power, ITC and Sun Pharma.
Add commentApril 17th, 2009
Few positive Quarterly results, particularly of Google, has made the US markets to close in green. However, recession fears are still haunting the Asian stock markets that have opened the Friday morning with a mixed note.
The US Stock market indices have progressively have moved into the positive territory after having a short downtrend in the trades yesterday. Dow is up 4.68%. NASDAQ is up 5.49% and S&P 500 is up 4.25%.
Investors says most of the G7 countries are in recession and this is of concern to the not just the G7 but for the global economy. The present recession feares are the worst since 1970’s. The US and European Union members are meeting to access the current financial turmoil and to plan steps to come out of the situation as soon as possible. US Banks are said to be borrowing a record $437.5 billion per day from Fed.
Google continued to surprise with its profit announcements. The internet search engine gaint reported $1.35 billion profits for the third quarter, up 26% from a year ago. The company is said to have cut down its spending on data centers and new hires and that new recruitments henceforth will be done ‘responsibly’.
The Asian markets are trading mixed and cautiously. Nikkei 225, NZSE 50 and Shanghai Composite are in the green by about 1% whule All Ordinaries, Jakarta Composite, KLSE Composite and Taiwan Weighted index are in the red. The JGB futures have hit 3-month low as Nikkei rebounds.
1 U.S. dollar = 48.4308 Indian Rupees
1 U.S. dollar = 101.1326 Japanese Yens
1 U.S. dollar = 0.7426 Euros
1 Ounce Gold = $806.50
Friday, October 17, 2008 9:54:08 AM IST
Add commentOctober 17th, 2008
The Indian stock markets are closed on October 2, 2008 on eve of Gandhi Jayani and Eid.
Add commentOctober 2nd, 2008
Wednesday, October 01, 2008 10:39:27 AM IST
Despite a gap up opening, the markets soon slipped into the red and trading flat. Nifty is at 3867.60 down 1.37% while Sensex is down 107.64 points and is at 12752.79 down 0.84%
CNX 100 is down 1.36% and CNX 500 is down 1.05%. CNX Midcap is down 0.62%. CNX IT is up 0.45% and Bank Nifty is down 2.08%
Early Nifty losers include L&T, Reliance Infra, Reliance Communications, Reliance, Bharti Airtel, Sterlite, SBI, IDEA, Unitech and DLF. Top Nifty gainers so far include Ranbaxy, Satyam, Suzlon, Infosys, Grasim, M&M, Tata Communications, Tata Steel, HCL Tech and ITC.
BSE Midcap index is marginally in the red and BSE Smallcap index is marginally in the green. IT, FMCG, Auto and Healthcare sectoral indices are in the green.
1 U.S. dollar = 46.9593 Indian Rupees
1 U.S. dollar = 106.2022 Japanese Yens
1 U.S. dollar = 0.7106 Euros
1 Ounce Gold = $880.10
1 Barrel Crude Oil = $101.89
Add commentOctober 1st, 2008
Tuesday, September 30, 2008 4:28:52 PM IST
Nifty closed at 3982.85 up 1.92% while Sensex closed up 261.20 points at 12856.95 up 2.07%. ICICI Bank and Unitech are up over 9% in todays trade.
CNX 100 is up 2.02% while CNX 500 is up 1.72%. CNX IT is up 1.49% while Bank Nifty is up 5.35%.
Unitech, ICICI Bank, Idea, TCS, BHEL, BPCL, Maruti, SBI, Bharti Airtel and Sun Pharma are the top Nifty gainers today. SAIL, Siemens, Tata Steel, Ranbaxy, Tata Motors, Grasim, ITC, Wipro, Tata Power and Sterlite are the top losers.
On the BSE, the Midcap and the Smallcap indices are marginally in the green. Bankex, Realty, Capital Goods, Consumer Durables, PSU are all gainers today while FMCG and Metal are in the red.
1 U.S. dollar = 46.1488 Indian Rupees
1 U.S. dollar = 104.9207 Japanese Yens
1 U.S. dollar = 0.6961 Euros
1 Ounce Gold = $892.70
Add commentSeptember 30th, 2008
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