Sensex posts best weekly gain in almost two months

Dated:28 October,2011

The gains in the domestic market were also underpinned by a rally in global stocks, which headed for their best week in over two years.

Sesa Goa's results for the September 11 quarter were adversely impacted by an exchange loss of Rs 234.09 crore on its foreign currency loans and convertible bonds.

Robust growth in business in the US and Russia catapulted Dr Reddy's Laboratories' September quarter performance beyond market expectations.


Market Round-up
SENSEX 17804.80 515.97
NIFTY 5360.70 158.90
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Nath Seeds Ltd.
12.25 + 20.10
Wheels India Ltd.
293.50 + 20.02
Today's Writing Products
5.45 + 19.78
Cambridge Technology Ente
10.10 + 18.13
Xpro India Ltd.
60.40 + 14.61

NSE Losers
Scrip Price(Rs.) %Change
M And B Switchgears Ltd.
255.60 -20.00
Aro Granite Industries Lt
38.40 -10.59
Norben Tea & Exports Ltd.
5.30 -10.17
Saksoft Ltd.
64.30 -8.60
Morarjee Textiles Ltd.
12.80 -8.24


Views on Stocks/Markets

IPO/Global Markets

Rupee / Gold

More 'Market' News



Food inflation rises sharply to 11.43% YoY on Oct 15

Dated:October 27,2011


Food inflation soared to over 6-month high of 11.43% for the week ended October 15, as prices of vegetables, fruits and milk went through the roof.

Gupta, who surrendered earlier before the FBI, is accused of sharing confidential information about investments at Goldman Sachs with Rajaratnam.

More applications & content will make low-cost computing more relevant to consumers.Many expect Mukesh Ambani to be a game changer.


Market Round-up
SENSEX 17288.83 33.97
NIFTY 5201.80 10.20
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Sudar Garments Ltd.
71.45 + 18.29
Prakash Constrowell Ltd.
216.35 + 17.13
Sambandam Spinning Mills
82.95 + 16.33
Flexituff International L
213.80 + 16.22
Morarjee Textiles Ltd.
13.95 + 14.81

NSE Losers
Scrip Price(Rs.) %Change
Hira Ferro Alloys Ltd.
28.20 -17.78
Peacock Industries Ltd.
2.75 -6.77
Hinduja Foundries Ltd.
67.30 -6.39
Bhartiya International Lt
52.95 -6.28
Taksheel Solutions Ltd.
28.35 -6.12

Most Read Story
Here are top mid-cap picks by analysts and brokerage houses that investors may use it to invest in 'Samvat 2068'

Most E-mailed Story
Reckitt Benckiser has sued Chennai-based TTK group in its latest attempt in a six-month-old dispute to get global supplies of Durex back on track.


Most Commented Story
A unique alliance of countries including India, US and China has come about against the EU proposal to impose internationally binding targets to reduce emissions by 2015.


Latest Updates



RBI Hikes Repo Rate By 25 Bps To 8.5%; Savings Bank Interest Rate Deregulated; Sensex Soars 315 Pts; INDIA BUSINESS UPDATE WISHES ITS READERS A HAPPY DIWALI!

Tuesday, Oct 25, 2011


RBI HIKES REPO RATE BY 25 BPS, SAYS NO MORE HIKES  
The Reserve Bank of India raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning December. The RBI raised the repo rate, by 25 basis points to 8.5%, in line with expectations. It has also deregulated savings bank interest rate with immediate effect. The likelihood of a rate move at its December review is "relatively low," the RBI said in a statement. (See Top Video) read more  
RBI FREES SAVINGS BANK INTEREST RATE  
Ending the era of controlled interest rate regime, the RBI today freed savings bank deposit rates, a step which bankers said could fetch better returns for depositors as competition will intensify. The change is with immediate effect. However, banks will have to offer a uniform interest rate on deposits of up to Rs 1 lakh. For savings bank deposits of over Rs 1 lakh, banks would be free to provide differential interest rates. read more  
LEAD STORIES
BULLS LIGHT UP D-STREET ON DIWALI EVE, SENSEX UP 315 PTS  
A possible end of a monetary tightening cycle cheered markets. Sensex closed at 17,254.86 points. Nifty surged 93.25 points ending at 5,191.60. read more
WORLD RECESSION LOOMS: NOURIEL ROUBINI  
Economist Nouriel Roubini said that over the next 12 months there's going to be another recession in most advanced economies. read more

TOP STORIES

TOP VIDEOS

AT A GLANCE
BSE 17254.86 +315.58
NSE 5191.6 +93.25
TURNOVER
Rs. 268,979 cr
BSE CASH
Rs. 2,460 cr
NSE CASH
Rs. 14,832 cr
NSE F&O
Rs. 251,686 cr
BULLION
GOLD 26724 -2
SILVER 52817 -260
CRUDE
NYMEX 93.58 +2.31
BRENT 110.44 -1.01
FOREX
$ / Re 49.5 -0.32
£ / Re 79.026 -0.63
€ / Re 68.63 -0.76
EVENTS

26 October
Muhurat Trading Session
Petition Against Zenith Infotech By Bondholders Comes Up For Hearing At Bombay High Court
Eurozone Summit, Brussels


28 October
Land Scam: Bail Plea Of Katta Subramanya Naidu, Bangalore
Former Karnataka Chief Minister B S Yeddyurappa's Bail Plea, Bangalore


30 October
Formula One India Grand Prix, Buddh International Circuit, Greater Noida


2 November
Morningstar Investment Conference, The Lalit, Mumbai

EXPERT VIEWS

"Moderating inflation rates are likely to impact expectations favourable. These expected outcomes provide some room for monetary policy to addres growth risks in the short run. With this in mind notwithstanding current rates of inflation persisting till November the likelihood of a rate action in December mid-quarter review is relatively low."

D Subbarao
Governor, Reserve Bank of India
"The positive side is the language used by the RBI, indicating they will look at moderating. I think the government and the Reserve Bank are getting concerned that we can get into a period of high inflation and low growth. Still, at this point in time they could have put off the increase in my view, because the economy is likely to grow just above 7%."

Venu Srinivasan
Chairman, TVS Motors
"I feel very bad because such hi-fi business (Formula One racing) has nothing to do with 99% of Indians. It is a criminal waste (of money). First, Twenty20 cricket spoiled the spirit of Indian sports, and now here comes another avatar which will mostly attract corporate money, who (Corporate) rarely spend for sports promotion. Only God can save the Indian sports."

P T Usha
Former Athlete

WATCH OUT  
Mahurat Trading  
It's the most auspicious time of the year. Time to let go of the uncertainty and usher in the promise of a new year. Join Udayan Mukherjee and Mitali Mukherjee, as they bring in a new era of prosperity on CNBC-TV18's Mahurat Trading.
SHOW TIMINGS
Wed 4:30 pm onwards
IBU Mobile version India Business Update

Sensex rallies ahead of Diwali; M&M, Wipro, HDFC up

Dated:25 October,2011

The Bombay Stock Exchange's Sensex ended near important resistance levels as investors bought frontline stocks ahead of Diwali festival.

Consumer durables will actually be slowing down quite significantly in fact if you look at some of the anecdotal data on sales of Acs, fans.

Indian markets open each year to let traders make the auspicious Muhurat trade as the ring in the new samvat.


Market Round-up
SENSEX 17254.86 315.58
NIFTY 5191.60 93.25
NASDAQ 2141.54 17.78
DJIA 10060.06 19.61
RS/$ 46.79 -0.14

NSE Gainers
Scrip Price(Rs.) %Change
Pilani Investment and Ind
2,280.35 + 22703.50
Hotel Leela Venture Ltd.
41.75 + 16.13
Thinksoft Global Services
44.70 + 14.18
Alkyl Amines Chemicals Lt
96.90 + 12.67
Sezal Glass Ltd.
2.45 + 11.36

NSE Losers
Scrip Price(Rs.) %Change
Sanghi Polyesters Ltd.
1.10 -18.52
Vaswani Industries Ltd.
14.55 -18.26
M And B Switchgears Ltd.
318.55 -11.86
Deccan Chronicle Holdings
47.20 -11.78
Tijaria Polypipes Ltd.
13.40 -10.96


Views on Stocks/Markets

IPO/Global Markets

Rupee / Gold

More 'Market' News



SENSEX LOSE EARLY GAINS ON RATE HIKE FEARS, UP 153 PTS

Monday, Oct 24, 2011


CNBC TV18 POLL: RBI TO HIKE REPO RATES BY 25 BPS  
Reserve Bank Governor D Subbarao's Diwali gift this year is likely to be another round of rate hike. CNBC TV18 Poll shows 80% of the street expects a 25 basis point hike in repo rates and 60% feel that the Reserve Bank is likely to revise its FY12 inflation target to below 8%. read more  
RBI SURVEY LOWERS GDP GROWTH TO 7.6% VS 7.9%  
The RBI today released the Macroeconomic and Monetary Developments Second Quarter Review 2011-12. The Survey lowered FY12 GDP growth to 7.6% vs 7.9%. The document serves as a background to the Monetary Policy Statement that will be announced tomorrow. read more  
LEAD STORIES
SENSEX LOSE EARLY GAINS ON RATE HIKE FEARS, UP 153 PTS  
Inspite of a good start, the markets lost its early gains on rate hike fears. Nifty closed 5,098.35 up by 48.40 points. Sensex closed at 16,939.28. read more
INDIA TO GROW FASTER THAN CHINA: E&Y  
India is projected to grow at a faster clip than China with a 9% economic expansion in 2013, says a report by global consultancy firm Ernst & Young. read more
ZENITH INFOTECH SUED BY BONDHOLDERS OVER DEFAULTS  
Bondholders of Zenith Infotech have sued the company over defaults of foreign currency convertible bonds. The case comes up for hearing on October 26. read more

TOP STORIES
Fujitsu emerges sole bidder for L&T Infotech

TOP VIDEOS

AT A GLANCE
BSE 16939.28 +153.64
NSE 5098.35 +48.4
TURNOVER
Rs. 163,142 cr
BSE CASH
Rs. 1,954 cr
NSE CASH
Rs. 8,907 cr
NSE F&O
Rs. 152,281 cr
BULLION
GOLD 26825 +57
SILVER 53350 +316
CRUDE
NYMEX 89.38 +1.98
BRENT 110.18 +0.62
FOREX
$ / Re 49.82 -0.2
£ / Re 79.493 +0.03
€ / Re 69.15 +0.06
EVENTS

25 October
Second Quarter Review Of Monetary Policy 2011-12
Cabinet To Take Up Wage Board Issue For Journalists And Non-journalists Employees


26 October
Petition Against Zenith Infotech By Bondholders Comes Up For Hearing At Bombay High Court
Muhurat Trading Session
Eurozone Summit, Brussels


28 October
Land Scam: Bail Plea Of Katta Subramanya Naidu, Bangalore
Former Karnataka Chief Minister B S Yeddyurappa's Bail Plea, Bangalore


30 October
Formula One India Grand Prix, Buddh International Circuit, Greater Noida

EXPERT VIEWS

"On inflation, it (rate hike by RBI) will not have much impact in the short-term. Rate hikes are aimed at bringing down inflationary pressures in the long-term. I am hopeful of 8% plus economic growth this fiscal."

Pronab Sen
Principal Adviser, Planning Commission
"As far as the differences between France and Germany are concerned, I can assure you after numerous meetings... that we are working in a spirit of compromise, in a spirit of having the ambitious package to reassure the rest of the world of our determination to safeguard the financial stability of the euro zone."

Herman Van Rompuy
President, European Council
"In order to ensure our future survival, WikiLeaks is now forced to temporarily suspend its publishing operations and aggressively fundraise in order to fight back against this blockade and its proponents. This 'unlawful financial blockade' has destroyed 95% of its revenues, leaving the website near-broke."

Julian Assange
Founder, Wikileaks

WATCH OUT  
Rules of the M&A Game: 2011  
14 years after it first came into effect and 23 amendments later, India's Takeover Code is about to change. On October 23rd, a new Takeover Code will determine the business of buying and selling companies in India. Starting this weekend 'The Firm' presents a special series 'Rules Of The M&A Game: 2011' to examine the impact of the new Takeover Code on Promoters, Acquirers & Public Shareholders.
SHOW TIMINGS
Tue 5:30 pm