GOOD READS

Sensex makes marginal gains; bank, auto stocks rally

Mumbai, July 22 (IANS) A benchmark index of Indian equities markets Monday closed flat amidst a mixed bag of results and expiry of July derivatives Thursday.

Healthy buying was seen in automobile, bank, information technology (IT), technology, and media and entertainment (TECk) sectors, while capital goods, oil and gas, power, consumer durable and healthcare scrips came under heavy selling pressure.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,096.71 points, closed at 20,159.12 points, up 9.27 points or 0.05 percent from the previous day's close at 20,149.85 points.

The Sensex touched a high of 20,264.90 points and a low of 20,065.69 points intra-day.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended 0.04 percent or 2.60 points up at 6,031.80 points.

The S&P BSE bank index gained 122.72 points followed by automobile index grew by 113.71 points, IT index was up 51.82 points and TECk index moved up by 29.46 points.

However, capital goods tanked 519.19 points, oil and gas index dropped by 151 points, power index was down 36.63 points, consumer durables index slipped by 25.60 points and healthcare index shed 21.85 points.

The major Sensex gainers were: HDFC, up 3.17 percent at Rs.829; Sun Pharma, up 2.75 percent at Rs.1,110; Mahindra and Mahindra, up 2.63 percent at Rs.901.55; Bharti Airtel, up 1.65 percent at Rs.335.50; and ICICI Bank, up 1.64 percent at Rs.974.75.

The scrip of engineering giant Larsen & Toubro (L&T) went down by 7.46 percent at Rs.901.95, after the company reported a 12.5 percent year-on-year fall in net profit at Rs.756 crore for the first quarter ended June 30, on account of job mix, lower margin accruals and lower other income.

The company had reported a profit of Rs.864 crore in the corresponding quarter a year ago.

Other major losers were: BHEL, down 7.05 percent at Rs.161.50; Tata Steel, down 2.95 percent at Rs.233.95; ONGC, down 2.85 percent at Rs.307.30; and DrReddys Lab, down 1.71 percent at Rs.2,309.

Among the Asian markets, Japan's Nikkei closed Monday's trade up 0.47 percent; Hong Kong's Hang Seng was up by 0.25 percent and China's Shanghai Composite Index was higher by 0.61 percent.

In Europe, London's FTSE 100 was trading 0.19 percent down; Germany's DAX Index dropped 0.03 percent, while the French CAC 40 Index was higher by 0.15 percent.

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • Gold hovers near 2-1/2 month lows on firm equities, fund outflows

    Gold was steady but near its lowest in more than two months on Wednesday, with stronger equities denting the metal's safe-haven appeal and outflows from bullion funds showing weak investor appetite. Spot gold was trading flat at $1,283.50 an ounce by 0640 GMT. But if we break that level, we are going to fall to $1,250," said Yuichi Ikemizu, branch manager for Standard Bank in Tokyo. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund and a good measure of investor …

  • Credit Suisse upgrades Mahindra & Mahindra to 'outperform'

    Reuters Market Eye - Credit Suisse upgrades Mahindra and Mahindra to "outperform" from "neutral," saying its four-wheeler autos and commercial vehicles will benefit from even a short-lived ... …

  • Rupee steady near one-month low

    Reuters Market Eye - The rupee is trading at 61.06/07 versus its previous close of 60.76/77 as good dollar demand from oil firms and weakness in other regional currencies aids sentiment for the greenback. The rupee fell as low as 61.0825, its weakest since March 21, before a further downside was capped by dollar selling by exporters at around 61.05-61.10 levels. …

  • China shares down, Aussie drops after inflation data

    China's stock markets fell again on Wednesday after a survey showed manufacturing activity in the world's second-biggest economy was still contracting in April, while the Australian dollar tumbled to a two-week low after data showed surprisingly low inflation. Overall, however, trading across most asset markets in Asia remained surprisingly subdued, with MSCI's broadest index of Asia-Pacific shares outside Japan showing little movement. The sobering economic news on China came after stocks in …

  • Nikkei gains on Wall Street rally, investors cautious ahead of earning …
    Nikkei gains on Wall Street rally, investors cautious ahead of earning …

    Japanese stocks rose on Wednesday, spurred by Wall Street gains on solid earnings and merger activity, but buying was tempered ahead of the looming local reporting season. The Nikkei rose 1.1 percent to ... …

IN-DEPTH ANALYSIS & INTERVIEWS

  • This might well be India’s biggest Ponzi scam

    It was just too good to be true. Ashok Khital, 45, displays every symptom of a man who knows he's been conned. …

  • India's star studded football league

    High and mighty including Sachin, Salman & Sun Group buy ISL teams …

  • Leaderspeak with Rajesh Janey

    Rajesh Janey, President - India & SAARC, EMC shares many firsts in his life. …

  • Power Hungry

    Gujarat has power round-the-clock. Most other states do not. Why this will matter in the general elections. …

  • Etcetera

    The most keenly watched contest of the current general election will be the one for the Varanasi parliamentary seat, where the Bharatiya Janata Party's prime ministerial hopeful Narendra Modi squares off ... …

  • Economy vs Democracy

    As the country gets election fever, cash comes out of mattresses and turns into liquor, gifts, and food. But it is not bad for the health of the economy, reports Sarika Malhotra from the trenches. …

  • Bracing for Challenges

    Raghuram Rajan is preparing to deal with concerns that may arise when a new government takes charge. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.73-0.12-0.71%
    UNITECH.BO
    14.45-0.13-0.89%
    SUZLON.BO
    120.80+7.40+6.53%
    FRL.BO
    69.00+7.05+11.38%
    MANGCHEM.BO
    54.50+1.75+3.32%
    HCLINFO.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    16.20+2.70+20.00%
    JAGSONPH.BO
    52.15+7.55+16.93%
    RUSHIL.BO
    14.80+2.01+15.72%
    SOUTHPET.BO
    23.00+2.65+13.02%
    KILITCHD.BO
    23.50+2.60+12.44%
    NELCAST.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    -10.95-100.00%
    4THGEN.BO
    -17.30-100.00%
    ALFAICA.BO
    -16.81-100.00%
    AMAL.BO
    -11.73-100.00%
    BORAX.BO
    -29.95-100.00%
    BRADYM.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.