Posts filed under 'Equities'
Thursday, August 28, 2008 12:33:54 PM IST
The markets continue to trade in a range bound manner. Nifty is at 4281 down 0.25%. BSE Sensex is down by 46.76 points down at 14250. Reliance is trading at 2136 levels.
The CNX IT is down 0.11%. Bank Nifty is down 0.98%. CNX 100 is down 0.25% and the border CNX 500 is down 0.23%.
Chart toppers on NSE Nifty include Suzlon, ACC, Hero Honda, Bharti Airtel, Ambuja Cement, Ciarn, Tata Power, Sterlite, Cipla (All up over 1%)
Losers on Nifty include Hindalco, Dr. Reddy, DLF, HDFC Bank, BHEL, ICICI Bank, L&T, Reliance Communications, SBI, TCS (all down over 1%)
The BSE Midcap and Smallcap indices are down 0.36% and 0.32% respectively. Realty, Bankex, Capital Goods, PSU, Oil & Gas sectoral indices are down while Health Care, Auto, Consumer Durables are up.
Mukesh Ambani was in news yesterday for extending his support to the Tatas. Ambani was saying that the Tata Nano car is an innovative project that will extend India’s image globally and that India could become a hub for small cars.
Last Traded Price of select scripts:
Reliance: 2,136.00
Reliance Petro: 157.05
Reliance Natural Resources: 92.75
Tata Steel: 577.50
Tata Power: 1,026.00
Tata Motors: 423.90
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $833.40
1 Barrel Crude Oil = $118.67
August 28th, 2008
Thursday, August 28, 2008 11:43:30 AM IST
The stock market indices took a bounce back after dipping deeper into the red. Trades overall are flat. The CNX Nifty is at 4285 down 0.16% while BSE Sensex is at 14256.03 down 40 points or 0.26%
CNX IT is down 0.01% and Bank Nifty is down 0.82%. Realty, Bankex, Capital Goods sectoral indices continue to be in red on the BSE.
Hero Honda made a come back. The script is trading at 826 levels and is up 2% today. Other gainers include Cairn, Suzlon, Bharti Airtel, Ambuja Cement, HCL Tech, Sterlite Industries, ACC, Cipla all up over 1%
The negative list by Hindalco. The script is down over 4%. DLF continues to slip. The script is trading at 471 levels now down by 1.45%
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $832.70
1 Barrel Crude Oil = $119.11
August 28th, 2008
Thursday, August 28, 2008 10:31:21 AM IST
The stock markets had a gap up opening but soon slipped into the red. The NSE Nifty is at 4285.55 down 0.15%. BSE Sensex is at 14282 levels down 14 points or 0.10%
CNX IT is up 0.07% and Bank Nifty is up 0.12%. CNX 100 is marginally in the red down 0.11%. The border CNX 500 is down 0.13%.
Nifty gainers so far include Cipla, Maruti, Cairn (all up over 1%), Sterlite Industries, Ambhuja Cement, Bharti Airtel, Satyam, Hero Honda, Tata Power and ACC (all marginally in the green)
Top Nifty losers list is lead by metal stocks. Hindalco is down over 3%. SAIL is down over 2%. DLF, BHEL, Tata steel (all down over 1%) followed by Grasim, NTPC, ITC, ONGC and Dr. Reddy (all marginally in the red)
Amongst sectoral indices, Realty continues to see downtrend with the BSE Realty index down over 1%. Other sectoral losers include PSU, Metal, FMCG, Oil & Gas. Top sectoral gainers on the BSE include Consumer Durables, Auto, Bankex, Health care and IT.
Mahindra & Mahindra is in news after reports that the company is working on a possible takeover of Malaguti Moto, an Italian motorcycle and scooter company. It may be recalled the company has recently picked up the 2-wheeler business of Kinetic. If the Italian takeover is successful, M&M not only will be expanding its market width but also the product depth in the already competitive 2 wheeler market. The company is also believed to be in talks with various Chinese component sourcing companies, particularly with China’s #2 component maker Locin.
M&M is trading at 578.75 on the NSE. Its 52-week high is at 873.90 and 52-week low is 427.10
Top gainers in the BSE Auto sectoral index include Exide industries (up 3%), Maruti Suzuki, M&M, Hero Honda (all marginally in the green). Top losers in the pack include Amtek Auto, Bajaj Auto, Bosch, Apollo Tyres amongst others.
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $833.00
1 Barrel Crude Oil = $118.97
August 28th, 2008
Wednesday, August 27, 2008 4:08:40 PM IST
Heavy selling in the Realty and Banking stocks and in Capital Goods and Power stocks to a certain extent during the last two hours of trade has pulled the stock markets down.
The NSE Nifty closed the day at 4292.10 down by 1.05%. CNX IT is down 0.49% while Bank Nifty is down 2.01%. CNX 100 is down 1.03% while CNX 500 is down 0.97%
Sensex closed the day at 14724.18 down by 368.94 points or 2.44%. BSE Midcap and Smallcap indices closed the day down by 1.79% and 1.65% respectively.
On the BSE Sectoral indices front, IT is up 2.18% while Realty is down by a whopping 7.97%. Bankex is down 5.07% and Capital Goods is down 3.71%
DLF and Reliance Infra are down over 3% each. SBI, ICICI Bank, Unitech, Tata Motors, BHEL, Relaince Communications, Power Grid are all down by over 2%. HDFC is down by 1.95%
Dr. Reddy and Hindalco are up over 2% each. Other Nifty gainers include SAIL, Hero Honda (both up 1%), GAIL, ABB, Idea, Tata Steel, Punjab National Bank and Infosys (all marginal gains).
1 U.S. dollar = 43.5142 Indian Rupees
1 U.S. dollar = 108.9680 Japanese Yens
1 U.S. dollar = 0.6797 Euros
1 Ounce Gold = $833.10
1 Barrel Crude Oil = $117.60
August 27th, 2008
Wednesday, August 27, 2008 2:56:30 PM IST
Selling pressure is back to the markets as the indices began to fall touching new intraday lows.
The flat-trading trend is now no more as the Nifty is now down 0.88%. CNX IT is down 0.31% while Bank Nifty is down 1.40%
DLF is down 4.23% on the Nifty. Other major losers include Reliance Infra, Reliance Communications, ICICI Bank, Tata Motors, HDFC, Unitech (all down over 2%), BHEL, Tata Power and HDFC Bank (all down over 1%)
On the Nifty gainers list are Dr. Reddy (up over 3.0%), SAIL, GAIL, Hindalco, Hero Honda, Idea (all up over 1%), Tata Steel, Sterlite, Infosys, ABB (marginally in the green)
The Sensex is now down 1.08% and is at 14325 levels. Midcap and Smallcap indices too slipped into the red. All sectoral indices on the BSE are now in the red, Realty down by 3.38 being the worst hit.
1 U.S. dollar = 43.5312 Indian Rupees
1 U.S. dollar = 108.9680 Japanese Yens
1 U.S. dollar = 0.6809 Euros
1 Ounce Gold = $833.40
1 Barrel Crude Oil = $117.15
August 27th, 2008
Next PostsPrevious Posts