| India Market Update Archive: |
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Sensex Drop of 3.5% Led the Asian Fall
Dec 17, 9:21 AM EST |
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| 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. |
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| 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. |
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Mundra SEZ IPO Shines
Nov 27, 12:49 PM EST |
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| Mundra Port and SEZ initial public offering jumped 120% on its first day of trading in Mumbai, India. |
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| 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. |
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Sensex Recovers 2.2%
Nov 26, 2:46 PM EST |
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| Sensex in Mumbai trading jumped 2.1% or 394 to close above 19,000, after a week of volatile trading. The U.S. holiday retail sales lifted the index. |
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| Stocks in India rebounded but on lower volume after a rally in Asian markets. Strong start of the U.S. holiday sales lifted markets across Asia. Hong Kong and Korea led the region with a rise of more than 4%. India and Indonesia advacned 2.2% an 2.6% respectively. Banks, IT, and energy and metals stocks led the rally. Of the 30 stocks in the index, 28 rallied. Rupee edged higher against dollar. |
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Fourth Decline in Sensex
Nov 29, 3:47 PM EST |
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| Stocks in India registered their fourth loss in a row on weak global sentiment. Internatinoal investors are still keen on investing in India. |
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| Sensex in Mumbai recovered from a sharp decline to close lower 0.4% to 18,526. The fourth decline in a row was led by losses in Larsen & Toubro of 4.1%, in Suzlon of 2.5%, and in Tata Power and NTPC of 5%. According a private research India led the world markets in the last four months of trading with a gain of 33% followed by gains in Qatar, UAE, Egypt, and Brazil. |
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Indian Stocks Drop 10% from Peak
Nov 21, 3:10 PM EST |
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| Stocks in Inida have lost more than 10% in the last ten trading days reflecting weak global markets sentiment. |
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| Stocks in India sharply declined on weak tradig in the region, worries related to U.S. economic slow-down, and talks of new taxation on the capital gains in India. Sensex in Mumbai fell 3.5% or 678.18 to close at 18,602.60, third decline this week. Index has now lost nearly 10% in last ten days of trading. Metals, IT, and banks fell. ICICI bank fell 5.5%, HDFC declined 3%, and NTPC lost 8%. |
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Foreign Investors Drive Stocks in India
Nov 15, 8:36 AM EST |
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| International investors continue to pour money in Indian stocks, while domestic investors sell their holdings. |
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| Stocks in Mumbai, India traded lower a day after record one-day gain. Sensex fell 144.17 or 0.7% to close at 19,784.89 and CNX Nifty declined 0.4%. Trading volume on two exchanges reached a high of 30,000 crore rupees or $7.5 billion. International investors continue to pour money in the stock market while domestic investors cash out. Bharti Airtel, Reliance Capital, and L&T increased but IT and software services stocks declined. Rupee traded at elevated level. |
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Sensex in India Surged 5%
Nov 14, 7:58 AM EST |
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| Sensex index in Mumbai jumped 893 points, in a record one-day rise. Financials, metals, and energy stocks led the gainers. |
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| Sensex rebounded sharply on the back of a strong gains in New York close. Sensex in India surged 4.82% or 893 points to close at 19,929.In the last two trading sessions the index has increased 6.4% or added 1,191. ICICI Bank, State Bank of India, HDFC Bank, and Punjab National Bank surged. Steel Authority of India, Sterlite, and Hindalco advacned as metals stocks rallied. |
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Techs, Banks Lead Senesx 5% Lower
Nov 08, 11:53 AM EST |
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| Tech and telecom stocks led the sharp decline in Sensex. The fourth decline in a row this week, has seen the index drop nearly 5%. |
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| Stocks in India fell for the fourth day in a row reflecting a weakness in Asian markets, rising rupee, and worries related to tech stocks earnings. Sensex fell 230 to close at 19,058. The annualized wholesale infaltion at the end of the last week declined to 2.97% from 3.02% at the end of the previous week. Infosys led the decliners in the tech stocks dropping to a 52-week low. Banks and telecom stocks fell as well. |
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Third in a Row Decline in Sensex
Nov 07, 12:48 PM EST |
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| Larsen & Toubro raises $400 million through international offering in Luxembourg. |
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| Sensex declined for the third day in a row on rising rupee, weak IT sector, and worries related to foreign fund flows. Sensex fell 0.6% to close at 19,289. IT stocks fell for the third day as rupee continued to climb against dollar. Rupee closed at 39.16 against a dollar. Infosys fell 5.8%, Wipro declined 2%, and Satyam fell 4%. Cognizant dropped 20% after reporting revenue rise of 48%. Banks lost ground led by a decline of 5% i HDFC Bank. |
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Sensex in India Drops 2%
Nov 05, 11:23 AM EST |
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| Banks in India fell sharply after regional weakness in the sector. Sensex lost 385 or 2% to close at 19,590. |
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| Sensex in Mumbai trading fell nearly 2% after markets in Asia closed lower. Banks led the decline in Mumbai and in Asia. Hong Kong and Pakistan led the region with a loss of 5%. Mundra Port and SEZ initial public offerig was oversubscried seven times on the third day of its listing period. Relance Naural surged 25%. |
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