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Tuesday, 12 January 2016
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After yesterday's tumble, the market has opened in green on Tuesday. The Sensex is up 46.48 points or 0.2 percent at 24871.52 and the Nifty is up 19.40 points or 0.3 percent at 7583.25. About 390 shares have advanced, 117 shares declined, and 49 shares are unchanged. L&T, Hindalco, Tata Steel, Tata Motors and Maruti are top gainers in the Sensex. Among losers are Hero, Dr Reddy's, ONGC, ITC and Adani Ports.
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The Indian market is expected to trade in a range on Tuesday tracking weak trend seen in other Asian markets. "The Nifty50 witnessed some selling pressure towards the closing of the trade and it ended with the loss of around 40 points levels. It has been making lower top - lower bottom formation, but now pace of selling seems to be lesser."
Larsen & Toubro gains 1.6 pct; on way to snap their four-day selling streak.Heads towards biggest single day gain since Nov.27.Credit Suisse upgrades to "outperform" from "neutral" citing sustainable expectations, potential for positive surprise and reasonable valuations.Says positive surprise possible from railways, defense, power and real estate that have not contributed in FY16 so far, bottoming of execution, margin benefit from commodities decline and asset divestitures.Stock has 28 buy, 12 hold and 3 sell ratings.Manufacturers including L&T target orders from revived nuclear power push.
Monday, 11 January 2016
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The market has once again opened with sharp falls following weak China. The Nifty us below 7500 for first time since July 15, 2014. The 50-share index is at 7598, down 89 points or 1.15 percent while the Sense is down 326.29 points or 1.3 percent at 24608.04. Hindalco, Tata Steel, Tata Motors, L&T and Adani Ports are major laggards in the Sensex.
Indian markets are poised to open sharply lower amid weak Asian stocks. The Nifty futures on the Singapore index were trading 1 per cent lower at 7,521, indicating a weak opening for Sensex and Nifty.The rupee would be closely watched today. The Indian currency fell to 66.92/dollar against Friday's close of 66.63. The US reported strong job numbers for December, a development that could lead to a broad rise in dollar amid expectations of a Fed rate hike in March.
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The S&P BSE Sensex plunged over 300 points in morning trade on Monday led by losses in ICICI Bank, HDFC, L&T, SBI and Tata MotorsBSE -1.82 %.The Nifty50 came under pressure and slipped below 7500 to hit its fresh 52-week low of 7495.65, weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks.
India's stock markets stabilised on Friday as investors bought stocks battered in the previous session, although wild swings in Chinese markets this week pushed Indian equities to record their worst weekly performance since November 2011.The broader NSE Nifty ended 0.44 percent higher but lost about 4.54 percent during the week.The benchmark BSE Sensex gained 0.33 percent at close, but shed 4.7 percent during the week. Both the NSE and BSE have recorded their worst weekly performance since Nov. 18, 2011.
Friday, 1 January 2016
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The market started off the year 2016 and January series on a negative note Friday after rising 0.6 percent in previous session. The Sensex fell 50.99 points to 26066.55 and the Nifty declined 19.70 points to 7926.65.Sun Pharma, ONGC, Coal India, GAIL, Infosys and HCL Technologies were early losers while L&T, Dr Reddy's Labs, SBI, M&M, Maruti Suzuki, ACC, PNB, Vedanta and Ambuja Cements gained.
IDBI Bank will be in focus with lender getting approval for raising Rs 3,771 crore by way of qualified institutional placement (QIP). Auto stocks will be in focus as the manufacturers announce their December sales numbers.
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The S&P BSE Sensex started on a cautious note in the morning trade on Friday as most of the Asian markets remain shut on account of new year holiday.The fall in the index was led by losses in Infosys, Sun Pharma, ITC, ICICI Bank, Reliance IndustriesBSE -0.03 %, and ONGC. The rupee fell by 4 paise to 66.19 against the US dollar in early trade on the first day of New Year.
Indian shares ended 0.6 percent higher in choppy trade on Thursday, marking an end to the December derivatives series, but posted their first yearly loss in four.The Nifty ended 0.63 percent higher, above the psychologically important 7,900 mark. The index has lost 4.06 percent this year after three consecutive years of gains.The benchmark Sensex rose 0.61 percent to end above the crucial 26,000 level. The index has lost 5.03 percent this year, its first annual loss since 2011.
Thursday, 31 December 2015
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The market started off last day of the year on a positive note. The Sensex rose 36.08 points to 25996.11 and the Nifty gained 9.25 points at 7905.50. Coal India, Dr Reddy's Labs, Infosys, Tata Steel, Hindalco and Idea Cellular were early gainers while ONGC, NTPC, ICICI Bank, HUL, Adani Ports, PNB, Power Grid Corporation and BPCL lost ground.
The stock has not performed for 8 years and is expected to lead a rally in the broader markets in 2016. Investors may but RIL shares for a target of Rs 1,200, which may be revised upwards post-earnings.
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The Indian market is expected to trade in a range on Thursday tracking muted trend seen in other Asian markets. "The momentum on the upside has been lost, though, in that sense I would expect a 40-50 point correction in the Nifty50,"Leading bourse National Stock Exchange (NSE) will introduce four companies, including Jet Airways BSE 2.74 % and Godrej Consumer Products BSE 2.71 %, in the future and option segment from Friday.
Stainless steel tubesBSE 0.00 % and pipes manufacturer Prakash SteelageBSE 2.87 % said Spain's Tubacex SA has completed acquisition of a majority 67.5 per cent stake in its seamless stainless steel tubes division.Indian shares ended about 0.5 percent lower on Wednesday after being range-bound for most of the session, weighed down by weak European markets and caution ahead of derivatives contracts expiry on Thursday.The broader NSE Nifty closed 0.41 percent lower, while the benchmark BSE Sensex ended 0.46 percent lower.
Wednesday, 30 December 2015
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The market has opened marginally higher again on Wednesday. The Sensex rose 48.81 points to 26128.29 and the Nifty advanced 12.10 points to 7941.05. About 710 shares have advanced, 207 shares declined, and 62 shares are unchanged on the BSE. Tata Steel, Bharti Airtel, Tata Motors, Dr Reddy's Labs, HDFC, Tata Power, Cairn India and Vedanta topped buying list. ICICI Bank, Reliance Industries, Axis Bank, M&M, Sun Pharma, Bosch and TCS were marginally lower.
The broader markets were mildly outperforming the benchmark indices. The BSE mid-cap index was up 0.37 per cent and the small-cap index jumped 0.29 per cent.
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The S&P BSE Sensex started on a flat note in morning trade on Wednesday, led by gains in HDFC, ITC, Tata Motors, HDFC, and Bharti Airtel. The Nifty50 started flat, but was still trading above its crucial support level of 7,900, supported by gains in realty, power, metal, and capital goods stocks.Shares of DB Realty surged over 3 per cent, while that of Tata Steel gained 1 per cent. Meanwhile, shares of Religare slipped about 3 per cent.
Indian stocks made modest gains on Tuesday propped by auto stocks and a small recovery in banking shares, while the year-end holiday season and caution ahead of the derivatives contracts expiry on Thursday kept participation low.The broader Nifty gained marginally to end 0.05 percent higher while the Sensex was up 0.17 percent.
Tuesday, 29 December 2015
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The market has opened marginally higher on Tuesday morning following correction in crude oil prices. The Sensex rose 51.81 points to 26085.94 and the Nifty gained 3.85 points at 7929. NTPC, Lupin, Adani Ports, Tata Steel and GAIL were early gainers while Maruti Suzuki, ICICI Bank, ONGC, ITC, TCS, Cairn India and HCL Tech were under pressure.
The Sensex and Nifty are set to open on a positive note tracking gains on the Nifty future traded on the Singapore stock exchange. The SGX Nifty or Singapore Nifty was up 0.39 per cent or 31 points at 7,929.Meanwhile, other Asian stock markets were trading on a subdued note with Japanese and South Korean equities slipping, after crude oil prices resumed their slide and cooled investor sentiment., after crude oil prices resumed their slide and cooled investor sentiment.
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The S&P BSE Sensex started on a flat note with a positive bias on Tuesday, led by gains in HDFC, RIL, NTPC, Tata Motors, L&T, and Lupin.The Nifty50 started on a flat note, but the index was trading above its crucial support level of 7,900, supported by gains in realty, power, oil & gas, and auto stocks. Shares of HMt climbed over 2 per cent while that of NTPC surged about 3 per cent in early trade. Cairn India shares slipped over 2 per cent. Tube Investments slipped over 2 per cent.
Indian stocks gained nearly one percent on Monday to post their highest close in nearly four weeks, led by renewed buying in financial and pharma stocks although volumes were thin in the year-end holiday season and ahead of F&O expiry on Thursday.The Nifty rose 0.82 percent to close at 7,925.15, its highest close since Dec. 2.The Sensex gained 0.76 percent to end at 26,034.13, also its highest close since Dec. 2
Monday, 28 December 2015
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The Sensex jumped 140.23 points or 0.54 percent to 25978.94 and the Nifty climbed 40.30 points or 0.51 percent to 7901.35. About 1327 shares have advanced, 489 shares declined, and 118 shares are unchanged on the BSE. 9:45 am Buzzing: Shares of SMS Pharmaceuticals climbed 11.8 percent intraday on getting approval from the US health regulator for one its unit in Andhra Pradesh. "SMS has received approval from the US Food and Drug Administration (USFDA) for manufacturing facility (unit 7) located at Kandivalasa village, Pusapatirega Mandal, Vizianagaram distict, Andhra Pradesh," says the Telangana-based pharma company in its filing.
Reliance Industries edges up by 0.85 per cent to Reliance Industries on soft launch of Jio 4G services. Telecom arm of Mukesh Ambani-controlled RIL, Reliance Jio, on Sunday announced the launch of 4G service for its employees under Jio brand name which will be available from Monday.The launch marks the re-entry of Mukesh Ambani in the mobile service business.

Reliance Industries edges up by 0.85 per cent to Reliance Industries on soft launch of Jio 4G services. Telecom arm of Mukesh Ambani-controlled RIL, Reliance Jio, on Sunday announced the launch of 4G service for its employees under Jio brand name which will be available from Monday.The launch marks the re-entry of Mukesh Ambani in the mobile service business.
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The S&P BSE Sensex started on a strong note on Monday, led by gains in ICICI Bank, RIL, Sun Pharma, Tata Motors, and L&T. The Nifty50 was trading above its crucial psychological level of 7850, supported by gains in auto, banks, capital goods, metal, and oil & gas stocks.Taking its winning streak to eighth trading session, the rupee advanced 11 paise to 66.10 against the US dollar in early trade on Monday, despite mixed cues from other Asian markets.
Recently the RBI governor Raghuram Rajan warned corporate India against taking on too much debt. The problem is indeed serious. Many corporate houses got into trouble during the last few years. They blamed the economic slowdown for their woes. In reality, the root cause of their problems was debt or rather too much of it.

Recently the RBI governor Raghuram Rajan warned corporate India against taking on too much debt. The problem is indeed serious. Many corporate houses got into trouble during the last few years. They blamed the economic slowdown for their woes. In reality, the root cause of their problems was debt or rather too much of it.
Thursday, 24 December 2015
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The market has opened flat on Thursday after a strong rally yesterday. The Sensex is up 44.18 points at 25894.48 and the Nifty gains 8.95 points at 7874.90. About 606 shares have advanced, 135 shares declined, and 41 shares are unchanged. Vedanta, Coal India, ONGC, BHEL and Hindalco are top gainers while Hero MotoCorp, TCS, Maruti, Cipla and Bharti are losers in the Sensex.
Most of the Asian markets were trading higher. Japan's Nikkei was up 0.3 per cent and Hong Kong's Hang Seng advanced 0.57 per cent. On the other hand, China's Shanghai Composite declined 1 per cent.
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The S&P BSE Sensex started on a positive note on Thursday on the last trading day of the week. The market will remain shut on Friday due to a Christmas holiday.The rally in the index was led by gains in Coal India, ICICI Bank, Infosys, HUL, RIL, Bajaj Auto, and Tata Motors.
The government said it was difficult to predict a timeline for the passage of a bill that seeks to harmonise state taxes after lawmakers failed to vote on the measure in the parliament session that ended on Wednesday.Junior finance minister Jayant Sinha said the rollout of the new tax was contingent on the passage of the bill."We will have to see how the legislative calendar develops," he said. "It's very hard to predict how soon that will happen."
Wednesday, 23 December 2015
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The market has opened strong following positive Asian cues. The Sensex is up 128.89 points or 0.5 percent at 25719.54 and the Nifty is up 44.35 points or 0.6 percent at 7830.45. About 469 shares have advanced, 82 shares declined, and 31 shares are unchanged. Tata Steel, Hindalco, Vedanta, Sun Pharma and GAIL are top gainers in the Sensex.
Buying was visible across the board. Metal stocks were among the top performers in the morning trades, the BSE Metal index advanced 1.6 per cent. Oil & gas, realty, pharma, capital goods, banking and IT indices were also quoting 0.7-1 per cent higher on the bourses.From the Nifty-50 basket of stocks, 47 stocks were gaining while only three were declining.
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The S&P BSE Sensex surged over 200 points in morning trade on Wednesday following positive trend seen in other Asian markets. The rally in the index was led by gains in Infosys, HDFC, RIL, HDFC Bank, and Sun Pharma. The Nifty50 managed to rally over 7,800 in trade supported by gains in realty, power, oil & gas, metal, consumer durable, and banking stocks.
Indian stocks closed lower on Tuesday, weighed down by IT stocks as sentiment turned cautious in a holiday-shortened week.The Nifty fell 0.62 percent, while the benchmark BSE index slipped 0.56 percent.Local markets will be shut on Friday for Christmas.
Tuesday, 22 December 2015
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The market has opened flat on Tuesday. The Sensex is up 1.03 points at 25736.93 and the Nifty is down 4.80 points at 7829.65. About 441 shares have advanced, 142 shares declined, and 45 shares are unchanged. Sun Pharma, Cipla, Dr Reddy's Labs, Tata Motors and Tata Steel are gainers while Infosys, ICICI Bank, ITC, Coal India and Maruti are losers in the Sensex.
Sun Pharma was among the top Nifty gainers, the stock rebounded from yesterday's fall and was up 1.4 per cent at Rs 765. Idea Cellular, Bosch, Punjab National Bank and HUL were also among the gainers.The broader markets were outperforming the benchmark indices. The BSE mid-cap index advanced 0.4 per cent and the small-cap index jumped 0.23 per cent.
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The S&P BSE Sensex started on a cautious note on Tuesday, following muted trend seen in other Asian markets. The fall in the index was led by losses in Infosys, ITC, RIL, TCS, and HDFC. The Nifty50 was trading above its crucial support level of 7,800, helped by gains in realty, power, capital goods, and consumer durable stocks.
Country’s largest lender State Bank of India (SBI) on Monday said it plans to raise up to Rs 12,000 crore by issuing tier-II bonds on private placement basis. SBI shares were up 0.41 per cent at Rs 231.30 in the early trade. Sensex was down 38.61 points at 25,697.
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