The markets had a volatile day with a huge V shaped swings in both the directions before the markets closed marginally in the green.
SENSEX closed at 17636.80 gaining 52.83 (0.30%) points while NIFTY managed to close in the green at 5359.35 adding 19.60 (0.37%) points in trade today. CNX Midcap closed at 7650.95 slipping 12.85 (-0.17%) points while BSE Smallcap closed at 6827.66 down 6.19 (-0.09%) points.
MCA orders inspection into books of accounts of DLF. DLF closed at Rs. 203.85 down Rs. 10.20 (-4.77%)
Allcargo Global said it will demerge 2 divisions and buy new vessels. Allcargo closed at Rs. 139.35 gaining Rs. 0.95 (0.69%)
Jeh Wadia says Britannia’s JV with Bombay Realty will turn Britannia’s Bangalore HQ into commercial. Britannia reacted sharply and closed at Rs. 538.40 gaining Rs. 14.75 (2.82%).
March 2nd, 2012
Volatility trading continued in the Indian stock markets even today. The SENSEX closed at 17583.97 slipping -168.71 (-0.95%) while the NIFTY closed at 5339.75 down 45.45 (-0.84%).
The CNX Midcap fare relatively better having closed at 7663.80 slipping only 41.80 points (-0.54%) while the BSE Smallcap closed at 6833.85 down 26.12 (-0.38%).
Top losers of the day include DLF (down over 5%), Mah and Mah and IDFC (down over 3% each), NTPC, ICICI Bank, BHEL, Larsen, Axis Bank and Tata Steel (down over 2% each).
On the gainers side are Maruti Suzuki (up over 4%), Reliance Infra, Reliance Power, Ambuja Cements, Cairn India and Siemens (up over 2%).
JP Morgan, Morgan Stanley appointed backers for Tech Mahindra, Mahindra Satyam merger process. Mahindra Satyam closed at Rs. 68.25 down Rs. 0.50 (-0.73%).
IT Dept raids premises of Uttam Galva Steel. The script is down at Rs. 71.45 losing Rs. 1.65 (-2.26%).
March 1st, 2012
SENSEX closed at 17752.68 gaining a mere 21.56 (0.12%) points in trade today. The markets are over 1% up till about noon after which selling pressure came into picture.
The NIFTY ended at 5385.20 gaining 9.70 (0.18%) points. The mid cap and small cap stocks performed better. The CNX Midcap ended at 7705.60 gaining 94.30 (1.24%) points which BSE Smallcap closed at 6859.97 gaining Rs. 42.06 (0.62%).
Huge volatility and what the experts believe as the end of the pre-budget rally has shown its effect on the Indian markets today. The
Sources say auction of ONGC shares will be on March 1. The stake sale auction floor price is set at Rs 290/share and the Government will raise Rs 12,405 cr at floor price. ONGC closed the day at Rs. 293.20 up 9.80 (3.46%). Auction process is believed to be the quickest route for the Government to get funds from the sale. The process however disappointed the retail investor community.
February 29th, 2012
The SENSEX added 285 points today to close at 17731.12 gaining 1.64%, all thanks to the buying interest that stepped in. The NIFTY closed at 5375.50 gaining 94.30 (1.79%).
Experts believe that the markets will be volatile a bit before reaching the 5700-6000 mark post which a decisive rally can be witnessed.
The CNX Midcap zoomed to 7611.30 gaining 259.50 (3.53%) while the BSE Smallcap is up at 6817.91 gaining 184.27 (2.78%).
Raging Cap (holds 5% in Taro) says Taro board should immediately reject Sun’s acquisition proposal. Sun Pharma closed at Rs. 546.35 down 2.40 (-0.44%).
Top gainers of the day include Reliance Infra (up 11%), Reliance Power, Reliance Comm and Jaiprakash Asso (up 7%), IDFC and BHEL (up 6%), Tata Motors, SBI, DLF and Axis Bank (up 4% each).
On the losers side are Cairn India and TCS (down over 2%), Wipro and BPCL (down 1% each) and ITC, HCL Tech, Sun Pharma, NTPC and Infosys (down in the red marginally).
February 28th, 2012
As anticipated by every one, the Indian markets have proved that the correction is on and this is evident from the fact that the Sensex had a whopping falling down of 478 points in a single session. Experts say that upward and downward moves likes these will be common during the year.
SENSEX closed at 17445.75 down 477.82 (-2.67%) while NIFTY closed at 5281.20 down 148.10 (-2.73%). The CNX Midcap experienced an even bigger correcting by moving down to 7351.80 down 236.50 (-3.12%) while BSE Smallcap closed at 6633.64 down 223.40 (-3.26%).
Top Nifty gainers of the day include ITC (up 1.34%), ACC, DRREDDY and CIPLA.
Top Nifty losers include SESAGOA (down over 10%), SAIL, RPOWER and RELINFRA (down over 8% each), IDFC (down over 7%), RCOM, TATASTEEL, HEROMOTOCO, JPASSOCIAT and AXISBANK (down over 6% each) amongst others.
On the other hand, the global markets appear bleak too. Oil prices to extend gains threatening global recovery.
Vedanta Resources made a key announcement that it will merge Sesa Goa & Sterlite Industries. Vedanta will own 58.3% in Sesa Sterlite post-merger. Sesa Goa closed at Rs. 203.85 down Rs. 22.85 (-10.08%)
MCX IPO price sets at Rs 1032 (upper end) Financial Tech is down at Rs. 799.80 slipping by 23.90 (-2.9%).
February 27th, 2012
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