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Market Reports

Weekly wrap: Market on backfoot; defensives gain Market participants turned to defensives this week as investors brace for safety ahead of SC verdict on coal allocation next week.
Thu, 28 Aug 2014 17:51:41 +0530
Record closing high: Nifty ends August series above 7950 After the 3 percent gains in August series, the market is expected to maintain northward journey in September series as well with continuing resurgence in midcaps, believe experts, though they say the market is overpriced.
Thu, 28 Aug 2014 17:10:20 +0530
Nifty ends August series above 7950; BHEL tops buy list The Nifty closed above the 7950 on the expiry day for August derivative contracts, up 18.30 points at 7954.35. BHEL topped the buying list, up 4 percent followed by ITC, LT, ICICI Bank, ONGC, Wipro, MM, Dr Reddy's Labs and GAIL with 1-2 percent.
Thu, 28 Aug 2014 14:00:05 +0530
Sensex, Nifty steady; PSU banks under pressure, BPCL up 2% PSU banks continued to see selling pressure with the top lender State Bank of India falling 1 percent after sources say the Economic Offence Wing (EOW) Mumbai is probing role of public sector banks relating to the fixed deposit (FD) scam.
Thu, 28 Aug 2014 13:00:43 +0530
Sensex, Nifty remain in positive terrain; SBI, Infosys slip Shares of Tata Motors, ICICI Bank, LT, ONGC, HDFC, Sesa Sterlite, Reliance Industries, ITC and GAIL were top contributors to the Sensex, up 0.3-1.8 percent. However, Infosys, SBI, TCS, Sun Pharma, Cipla, NTPC, Tata Power and Tata Steel fell 0.4-1 percent.
Thu, 28 Aug 2014 12:00:25 +0530
Nifty holds 7950; DLF slips further, rail stocks in demand According to CK Narayan, founder and CEO, Growth Avenues, the way the evidence is shaping up on the charts of the indices as well as prominent stocks most definitely confirms that good times ought to continue.
Thu, 28 Aug 2014 11:00:15 +0530
Sensex at record high; ICICI, Tata Motors, LT lead gainers Top private sector lender ICICI Bank, commercial vehicle maker Tata Motors, engineering and construction major LT, state-run GAIL and BHEL advanced over a percent. Shares of HDFC, HDFC Bank, ONGC, Reliance Industries, Wipro, HUL, Axis Bank and Bajaj Auto climbed 0.5-1 percent.
Thu, 28 Aug 2014 10:00:01 +0530
Sensex extends gains, Nifty reclaims 7950 on FO expiry day Shares of Larsen and Toubro, ICICI Bank, Axis Bank, Bharti Airtel, Bajaj Auto, Cairn India, BPCL and HCL Technologies gained 0.8-0.9 percent. However, Hero Motocorp, Hindalco Industries, Sun Pharma, Infosys, ONGC and TCS fell 0.2-0.7 percent.
Thu, 28 Aug 2014 09:15:44 +0530
Sensex, Nifty end at new closing high, FO expiry eyed Market experts expect the Nifty expiry around 7950-8000 levels. According to them, if the index surpasses 8000 level, there may be 100-200-point correction, which is short term, but the market remains positive in long term.
Wed, 27 Aug 2014 16:35:52 +0530
Sensex closes 117 pts higher; ONGC, ICICI Bank lead Jindal Steel Power, which fell 20 percent in previous two sessions post SC order on coal block allocation case, managed to bounce back today, up 2 percent on short covering.
Wed, 27 Aug 2014 14:00:21 +0530
Sensex maintains positive momentum ahead of cabinet meeting Cabinet, Cabinet Committee on Economic Affairs, Cabinet Committee on Investment and Cabinet Committee on Security will meet today evening. Report suggested that the CCEA may clear divestment of government’s 5 percent stake in ONGC (up 1.65 percent) via offer for sale (OFS) and may approve coal supply linkages to power plants.
Wed, 27 Aug 2014 13:00:57 +0530
Sensex holds early gains; NTPC, BHEL, Sesa under pressure Shares of Tata Motors, ONGC, Hindustan Unilever, Bajaj Auto and Dr Reddy's Labs were other prominent gainers while NTPC, BHEL and Sesa Sterlite fell 1-2 percent followed by HDFC Bank, Reliance Industries, Hindalco, Tata Steel and Coal India with 0.3-0.7 percent.
Wed, 27 Aug 2014 12:00:26 +0530
Sensex, Nifty steady; HCL Tech up 3%, defense stocks spike Defence stocks like Bharat Electronics, BEML and Astra Microwave Products rallied 3-7 percent as the DIPP released a press note on defence FDI via which 49 percent FDI in defence allowed through FIPB route.
Wed, 27 Aug 2014 11:00:04 +0530
Sensex, Nifty, broader markets firm; Tata Motors, SBI rally The BSE Midcap and Smallcap indices gained 0.6 percent and 1 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 1342 to 635 on the Bombay Stock Exchange.
Wed, 27 Aug 2014 10:00:56 +0530
Sensex gains 100 pts, Nifty eyes 7950; ICICI, ONGC lead ICICI Bank, State Bank of India, ONGC, Tata Motors, Bharti Airtel, Dr Reddy's Labs and BHEL gained 1-1.5 percent whereas TCS, Infosys, HUL, GAIL and Wipro fell 0.2-0.6 percent.
Wed, 27 Aug 2014 09:15:20 +0530
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Politics

Modi has promised to make it easier to do business through speedier clearances, allowing investors in Asia's third-largest economy hope of a rosier future.
In an interview, the Minority Affairs Minister had said that there was nothing wrong in calling all Indians Hindus.
A poll carried out by CNBC-TV18 predicts a GDP growth of 5.8 per cent this quarter as against the 4.7 per cent mark
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India

She said that she tried to stop a passing PCR van, but the driver refused to intervene and said the official was busy.
Pandemonium over the alleged involvement of Sartaj Madni, a senior leader of the opposition Peoples Democratic Party (PDP), in land grabbing forced the speaker to adjourn the Jammu and Kashmir assembly on Friday.
The proposed areas include the development of readers and the framing of an 'Introduction to the History of the North East' which can be a basic foundation course for universities across the country.
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Tech

Spice's upcoming Firefox phone features a 3.5-inch touchscreen, 1 GHz processor and 1.3 megapixel rear and 0.3 megapixel front cameras.
Apple's typically cryptic invitation read: "Wish we could say more." It came on a simple black-and-white background with its corporate logo.
Google's ambitious Project Wing escalates Google's technological arms race with rival Amazon.com.
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