| India Market Update Archive: |
|
Banks in India Lift Sensex
Jan 07, 10:21 AM EST |
|
| A rally in bank stocks lifted Sensex index bucking the global trend of falling market averages. |
|
| Stocks in India bucked the global and regional trends and closed higher. Sensex Index gained 126 or 0.6% to close at 20,812. Eighteen of the 30 stocks in the Sensex fell. Banks rallied after the news reports that the government is considering to scrap licensing requirements to open new bank branches. ICICI, State Bank of India, and Bank of India rose. |
|
|
Full Story... |
Inflation in India on the Rise, Miners Gain
Jan 04, 5:00 PM EST |
|
| consumer price inflation and wholesale inflation at the end of the last week of December rose ahead of the price increase in petrol this month. |
|
| Stocks in India edged higher bucking the global trend. Sensex in Mumbai jumped 1.7% or 342 to 20,687 and the broader index CNX Nifty increased 1.6% to 6,274. Industrials, banks, and miners led the gainers in the market. Of the BSE stocks, 1470 shares declined, 1437 advanced, and 17 remained unchanged. Among the Sensex shares, 16 slid and the rest remained unchanged. |
|
|
Full Story... |
Cement Stocks Fell Shaply in India
Jan 03, 9:48 AM EST |
|
| The government issued a stern warning and a probable takeover of companies that fail to control cement prices. |
|
| Stocks in Mumbai trading fell in sympathy with the regional trend and global sentiment. Sensex in Mumbai trading dropped 0.6% or 120.10 to close at 20,345.20 and CNX Nifty edged 0.1% lower to 6,178.55. Cement stocks fell sharply after the government issued a stern warning and threatned to takeover companies that do not toe the line on price control. IT stocks declined on rising rupee and persistenet worries of the U.S. economic slowdown. |
|
|
Full Story... |
Sensex Up 47%, Sixth Yearly Rise
Dec 31, 6:12 PM EST |
|
| Sensex index in Mumbai advanced for the sixth year in a row. Reliance Energy surged 311%, L&T soared 189%, but Infosys fell 21%. |
|
| The Sensex index in Mumbai traded rose 0.4% or 80.04 to close at 20,286.99. For the year 2007 Senssex rose 47.1%. Braoder index, CNX Nifty 50 rose 1% to close at 6,138.60 and for the year surged 55%. Reliance Communication and Idea Cellular gained in the session. Gold and silver rose in the session on the rising international prices. Bharti Airtel surged 5% after Temasek of Singapore led investor group plan to invest $1 billion in the infrastructure subsidiary. |
|
|
Full Story... |
India, Indonesia Lead Asian Markets
Dec 26, 9:03 AM EST |
|
| Asian markets jumped higher as investors showed enthusiasm for the current quarter earnings rising domestic spending in India and Indonesia. |
|
| Asian stocks closed higher on optimism of better than expected sales during the holiday period in the U.S. and rising expectations of earnings for the current quarter. India and Indonesia led the region on local buying. Dollar edged higher against yen but bearish outlook for the dolar continued for the year 2008. Australia and Hong Kong markets were closed today. |
|
|
Full Story... |
Asian Markets Surge, India Up 3.6%
Dec 24, 9:55 AM EST |
|
| Asian markets closed higher as local news dominated the trading. Property stocks in Hong advanced and banks in India closed higher. |
|
| Asian markets closed sharply higher led by a surge in India, Hong Kong, and Shanghai. India soared 3.6% on the strength in local election victory of pro-business party BJP. Banks and infrastructure stocks gained. Property stocks in Hong Kong advanced after talks of another interest rate cut in the U.S. made rounds. Brokerage stocks led the rise in Shanghai trading. Mining stocks led the rise in Australia. |
|
|
Full Story... |
PM Suggests Sustainable Growth
Dec 19, 1:28 PM EST |
|
| Prime Minster of India suggested that the country can sustain the current economic growth in the next four years. |
|
| Stocks in India traded in a wide range but changed very little at close. Sensex traded in 600 point range. Prime Minister Singh said that India can sustain 9% economic growth for the next four years. He also said that the growth can also accelerate above 10% but in the near term can not remain immune to the global credit market malaise. Larsen & Toubro received contract to build flyover road leading to Mumbai international airport. |
|
|
Full Story... |
Stocks in India Close Lower
Dec 18, 8:42 AM EST |
|
| Reliance Communication plans to lauch mobile telecom services in Uganda. |
|
| Stocks in India fell for the second day in a row after lower closing in global markets. Sensex in Mumbai trading declined 0.9% or 181.7 to close at 19,079. Banks, properties, and infrastructure stocks led the decliners. Tata Power, Sterlite, Unitech, HDFC Bank declined more than 1.8%. In Asia Indonesia, Japan, and Australia closed lower. |
|
|
Full Story... |
Sensex Drop of 3.5% Led the Asian Fall
Dec 17, 9:21 AM EST |
|
| Stocks in Mumbai fell sharply after reaching a new peak during the trading in the last week. Metals, banks, and property stocks led the decliners. |
|
| Stocks in Mumbai trading fell sharply after traders worried that rising inflation in the U.S. may hurt the global economic growth and limit the future interest rate cuts. Sensex dropped 3.8% or 769 to close at 19,261.35 and led the Asian wide sell-off. Hong Kong, Australia, and Singapore lost more than 3%. Financials, properties, and exporters fell sharply on heavy trading. Nifty, a broader index, fell 4.5% reflecting widespread losses in the market. |
|
|
Full Story... |
Mundra SEZ IPO Shines
Nov 27, 12:49 PM EST |
|
| Mundra Port and SEZ initial public offering jumped 120% on its first day of trading in Mumbai, India. |
|
| Sensex index in Mumbai trading fell in the afternoon on the weakness in the global markets. U.S. credit market jitters have destabilized world markets. The ongoing U.S. housing market correction has sent the stocks of banks in the U.S., Europe, and Japan lower. The Governor of Reserve Bank of India cautioned that Indian financial markets may be affected even if banks in India have little or no exposure to the U.S. sub-prime lending. |
|
|
Full Story... |
11
12
13
14
15
16
17
18
19
20
|
|
