23 September 2015

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The Indian Stock market gained strength in afternoon trade with the Sensex rising 199.26 points to 25851.10 and the Nifty climbing 43.85 points to 7855.85. The broader markets too traded in line with benchmarks; the BSE Midcap and Smallcap advanced 0.4-0.6 percent. ITC, M&M, Coal India, NTPC and HDFC Bank are top gainers in the Sensex. Among the losers are Tata Motors, BHEL, GAIL, Cipla and Tata Steel.
On the back of further gains for index heavyweights ITC, Infosys and L&T, the barometer index, the S&P BSE Sensex, extended gains in mid-afternoon trade. The Sensex was up 181.10 points or 0.71% at 25,832.94. The gains for the Sensex were higher in percentage terms than those for the 50-unit CNX Nifty index. The Nifty was currently up 36.70 points or 0.47% at 7,848.70.
The Intraday Share market breadth was positive as about 1390 shares have advanced against 1070 shares declined on the Bombay Stock Exchange. Globally, Asian markets close lower on renewed China woes. A preliminary reading of China's mammoth manufacturing sector fell to a six-and-half-year low of 47 in September, rekindling worries over the world's second-largest economy.

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The Indian Share market continued to see selling pressure following weakness in global peers on growth concern. The Sensex fell 150.77 points to 25501.07 and the Nifty declined 61.90 points to 7750.10. The broader markets, too, declined with the BSE Midcap and Smallcap indices falling 0.7 percent and 0.2 percent, respectively.
About 687 shares have advanced, 968 shares declined, and 69 shares are unchanged on the BSE. Shares of HDFC, ICICI Bank, Axis Bank, Tata Motors, L&T, ONGC, Bharti Airtel, Wipro and SBI were prominent losers in morning trade, down 1-2 percent. However, ITC, Mahindra & Mahindra, TCS, NTPC and Hero Motocorp outperformed with marginal gains.
Meanwhile, the Indian rupee breached 66-mark against dollar today, continuing depreciation for the second consecutive session. The currency fell 15 paise to 66.02 a dollar. The market has managed to regain some lost ground, but still languishes in negative territory with a few key stocks from banking, capital goods, metal and automobile sectors trading notably lower.

21 September 2015

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The Indian share market continues to drag but recovers from early morning's sharp losses. The Sensex is down 82.45 points or 0.3 percent at 26136.46 and the Nifty slips 23.30 points or 0.3 percent at 7958.60. About 1176 shares have advanced, 837 shares declined, and 90 shares are unchanged. Tata Motors, Maruti, Axis Bank, L&T and SBI are top gainers while HDFC, Tata Steel, M&M, NTPC and Hindalco are among losers in the Sensex.
FMCG index is down 0.6 percent from previous close. Gold dipped slightly after a three-day rally, but the metal still held close its highest in nearly three weeks, as the Federal Reserve's move last week to leave US interest rates unchanged weighed on global equities. The broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices declined marginally.
About 799 shares have advanced against 842 shares declined on the Bombay Stock Exchange. Shares of HDFC, Reliance Industries, ITC, ICICI Bank, M&M, Tata Steel and SBI dropped 1-2 percent. However, Tata Motors bucked the trend, up 0.6 percent after it delivered 1100 cars in Maharashtra, Gujarat, Chhattisgarh and Madhya Pradesh on Ganesh Chaturthi this year.

18 September 2015

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Despite paring some gains in late afternoon trade, key stock indices Sensex and the Nifty ended on a firm note today. The U.S. Federal Reserve's decision to hold rates and a stronger Indian rupee lifted sentiment. The Sensex closed up 254.94 points or 0.98% at 26,218.91. The Nifty closed at 7981.90, up 82.75 points or 1.05%. Bank and realty stocks posted strong gains.
Axis Bank, ONGC, Sun Pharma, Lupin and HDFC Bank were top gainers in the Sensex. Among the losers were Tata Motors, Bajaj Auto, Hindalco, BHEL and NTPC. ITC, HUL and Bharti Airtel extended fall, down 1.4-2 percent. Tata Motors shed more than 3 percent. Cipla, BHEL, Vedanta, L&T and GAIL declined 0.5-0.8 percent. About 1703 shares have advanced, 832 shares declined, and 121 shares are unchanged on the BSE.