| India Market Update Archive: |
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Sensex Sheds 0.2%, Tata Motors Rallies
Jul 10, 8:06 AM EDT |
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| The Sensex in India edged lower on Tuesday as sudden volatility in afternoon trading erased earlier gains. Tata Motors surged. |
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| The market opened higher and until mid-day trading was steady. In the afternoon session profit taking emerged which weighed on banking, cement and telecom shares, while auto and IT stocks saw intense buying. Tata Motors led the advancers with Infosys also advancing. Reliance Comms and HDFC Bank led the decliners. The Indian rupee edged higher towards a nine-year high. Infosys Technologies releases its Q1 results on Wednesday, July 11 2007. |
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Sensex Up 0.6%, Reliance Energy Rallies
Jul 09, 8:01 AM EDT |
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| The Sensex in India finished for the first time above the 15,000 mark Monday on steady buying throughout the day. Reliance Energy soared. |
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| The benchmark index saw sustained buying throughout the day with stocks from banking, capital goods and IT sectors leading the market higher. The market traded in a narrow range, virtually showing lack of volatility. The market-breadth was also very strong. Reliance Energy led the gainers with L&T and ONGC also performing well. Hindustan Unilever led the decliners. Sugar exports from India may double next year. Indian rupee was little changed today. |
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Sensex in India Nears 15,000
Jul 06, 9:55 AM EDT |
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| Senssex in India crossed 15,000 for the first time. The last 1,000 point jump took less than seven months. Weekly inflation declined. |
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| Sensex in India traded above 15,000 but settled below, still a new record. The Index has jumped 50% in less than 17 months of trading. Cement and software export companies rallied on falling rupee in international trading. Mahindra & Mahindra to replace Hero Honda in Sensex as of Monday. Weekly measure of inflation fell to 13-month low, prompting a debate that further rate revision may be halted. ICICI Bank plans to offer $1.5 billion in debt. |
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DLF IPO up 8%
Jul 05, 11:00 AM EDT |
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| Sensex in India closed lower reflecting 5.5% decline in Shanghai. DLF IPO gained 8% on its first day of trading. |
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| Sensex edged lower on firm trading in rupee, lower closing in Asian markets, and a decline in cement and software stocks. Property developer DLF Limited priced its $2.2 billion IPO, largest-ever IPO in India valued at 29 times earnings. strong economic growth and rising properties has propelled several realty stocks to a record high. Autos and banks gained for the second day in trading. |
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Cement Stocks Rally, Vishal IPO up 180%
Jul 04, 11:18 AM EDT |
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| Sensex in India closes at a record level for the third day in a row. Cement stocks surge. Retailer Visahal IPO surges 180%. |
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| Sensex closed up 0.5% to 14,880, record close for the third day in a row on rising cement stocks. ACC surged 7% on the news that cement companies have hiked prices effective today. Cement companies have ignored government please of price control The central governement for the last four months had sought price control. Vishal Retail soared on firt day in trading a day after Spice Telecom priced its IPO. Indiabull Real Estate prices its GDR at $10.32. |
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Record Sensex; Telecom, Consumer stocks Rally
Jul 03, 9:53 AM EDT |
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| Telecom and consumer products stocks rally in India lifts Sensex 30 to a record high for the second day in a row. Spice Telecom prices its IPO. |
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| Sensex 30 in India closed at a record high for the second day in a row, up 1% to 14,806. Telecom and consumer products companies led the market rise. Spice Telecom, mobile telphone operator IPO was oversubscribed 37 times. Bharti Airtel awarded $900 million contract to Nokia Siemens venture. Hindustan Unilieve, State Bank of India and Bharti Airtel jump nearly 3%.Cement stocks rallied for the second week. Larsen toubro plans to sell its entire stake of 11% in UltraTech Cement. |
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May Trade Deficit Nears Record, Rupee Rises
Jul 02, 8:01 PM EDT |
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| Sensex closes at record level on rising rupee, auto sales and near record trade deficit. Maruti and Mahindra auto sales jump. |
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| Sensex in Mumbai trading closed at record level on steady rise in telecom and auto stocks. Software exporters fell on rising rupee. Rupee is likely to trade at elevated levels in the coming months as foreign fund flows continue to pour in stocks market and property investments. May trade deficit rose to $6.22 billion a jump of 50% from April deficit on record import of energy, machinery and consumer products. GMR Infrastructure gain on stock split but reported sharp fall in earnings. |
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Sensex Up 1%, Inflation Drops
Jun 29, 8:09 AM EDT |
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| The Sensex in India rallied Friday, supported by performance in banking, cement and capital goods sector. Reliance Energy led the advancers. |
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| The market surged on a rally in large-cap stocks, a smooth rollover of June derivatives and softer weekly inflation. Banking and cement stocks soared, while metal stocks tumbled. The market-breadth was strong as there were three gainers for every two decliners. Reliance Energy and HDFC bank rallied, while Hindalco plunged. Wholesale inflation rate declined to a 13-month low and the rupee rose for a second day in a row. |
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Sensex Hovers Near Record, ACC Rallies
Jun 28, 8:05 AM EDT |
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| The Sensex in India finished slightly higher Thursday in a session with strong gains for cement large-caps. |
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| The benchmark index witnessed a session, dominated by cement stocks. The market traded range-bound in the latter part and ended with a modest gains. Three out of four top advancers were cement shares. ACC led the gainers, together with Gujarat Ambuja and HDFC. Bajaj Auto and ONGC were the worst performing stocks, as they were hurt by selling pressure. US wheat suppliers may not participate in tender in India next week. |
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Sensex Down 0.5%, Satyam Rallies
Jun 27, 8:13 AM EDT |
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| The Sensex in India declined Wednesday on weakness in global markets and ahead of the expiry of June derivatives. Satyam surged. |
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| The benchmark opened higher but lack of positive cues from global markets as well as weakness in some large-caps like Hindalco, ACC and Reliance Comms weighed on the market. At the end of the session, selling pressure emerged for small-cap and mid-cap stocks, which impacted the market-breadth. IT stocks rallied on a weaker rupee. The main advancers in the Sensex stocks were Satyam and TCS, while NTPC and Reliance Comms led the decliners. |
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