Sensex falls 71.61 pts; Hero Honda, Tata Motors, ONGC drop
Indian markets dropped in early trade on Friday erasing earlier gains. At 9.11 am, the Sensex was trading down 71.61 points or 0.40% at 17,920.39 with 24 components falling. Meanwhile, the Nifty was trading lower by 24.60 points or 0.45% at 5,384.30 with 40 components falling. The 30-share benchmark index, BSE Sensex opened flat with [...]
DLF Shares Drop, HCL Technologies Gains as India’s Sensex Index Fluctuate
India’s stocks fluctuated. DLF Ltd. declined after its quarterly earnings fell short of analysts’ estimates. HCL Technologies Ltd. surged after profit increased. DLF, the nation’s biggest developer, retreated 1 percent after it reported first-quarter profit of 4.11 billion rupees ($88 million), below the 4.55 billion rupee average estimate of 19 analysts in a Bloomberg survey. [...]
Khazanah poised to trump Fortis on Parkway deal: Sources
SINGAPORE/NEW DELHI: Malaysian state investor Khazanah is poised to trump an offer from India’s Fortis Healthcare for Singapore’s Parkway in a buyout bid that values Asia’s biggest listed hospital operator at $3.3 billion.
Khazanah — in its biggest acquisition overseas — will offer around S$3.95 ($2.88) per share for all Parkway shares it does not own, [...]
Technofab Engineering shares rise on listing
At 9:12 AM (IST), the stock was trading at Rs286, up Rs46 or 19% compared to the issue price of Rs240 a share. It had earlier been as high as Rs297.30 and as low as Rs268 after opening at Rs276.Shares of Technofab Engineering Ltd. (TEL) climbed in its debut on bourses today after its initial [...]
Sensex down marginally in listless trade; Infosys opens firm
After opening on a weak note, the market recovered on support at lower levels this morning, but has faltered again following a fresh round of selling in select blue chip stocks. A flat close on Wall Street overnight on the back of a weak GDP forecast and the resultant weak trend in Asian markets appear [...]
Sensex holds above 18,000 on realty push
MUMBAI: After breaching the 18K mark Sensex continued to hold above the level but seemed to lose momentum and was moving sideways. Meanwhile, realty stocks pushed ahead to take the lead from metals, followed by banking. IT stocks continued to remain weak post Infosys Q1 results but were off lows. In Asia, stock indices were [...]
‘Asia has emerged as an economic powerhouse’
Asia has emerged as a global powerhouse in the process of recovering from the worldwide economic crisis and its economic performance is likely continue to grow, the head of the IMF said on Monday.
“Asia has emerged as a global economic powerhouse from the recent worldwide financial crisis,” IMF managing director Dominique Strauss-Kahn told a conference [...]
Sensex crosses 18,000-level, Nifty at 5,400 pts level
MUMBAI: The BSE benchmark Sensex on Monday regained the psychological 18,000 level after three months rising by over 176 points in late morning trade on aggressive buying on hopes of good first quarter results by corporates.The 30-share barometer rose by 176.53 points, or 0.98 per cent, to 18,010.07 points, a level last seen on April [...]
Sensex at 1-2-week high; telecom stocks on buyers’ radar
The key benchmark indices pared gains after a strong intraday surge, as US index futures fell. Index heavyweight Reliance Industries (RIL) pared gains.Banking, metal, realty and IT stocks rose. The BSE 30-share Sensex was up 180 points or 1.03 per cent, off close to 77 points from the day’s high. All the sectoral indices on [...]
Sensex, Nifty remain high up in positive territory; Oil stocks move higher
Realty, metal, bank and oil stocks continue to trade firm on the major Indian bourses where the mood remains quite upbeat today thanks to a firm trend in global markets. Stocks from information technology, PSU, capital goods, automobile and consumer durables sectors are also mostly up in positive territory. Select pharmaceuticals, FMCG and power stocks [...]
