Sensex closes off day’s high

Mumbai, Dec 10 (IANS) A key index of the Indian equities markets closed at its day’s high Thursday, 47 points above the previous close.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) that opened at 17,107 points closed at 17,166.73 points, up 47.5 points from Wednesday’s close at 17,125.22 points.

The benchmark index, which opened lower, had hit an intra-day of 17,231.05 in afternoon but shed some gains towards the close.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty closed at 5,129.45 points, against the previous close at 5,112 points, a gain of 0.34 percent.

Broader market indices were also in the green owing to buying activity in smaller scrips, with the BSE smallcap index closing 0.83 percent higher and the BSE midcap index up 0.27 percent.

Sensex ends 47 points up, surrenders sharp initial gains

Mumbai, Mar 24 (PTI) The Sensex, which was up by nearly 275 points in intra-day trade to more than a one-month high on firm global cues, cooled off after mid-session, still showing a rise of 47 points.

The Bombay Stock Exchange 30-share barometer opened firm and improved further to more than a one-month high of 9,699.00 on firm global cues as Wall Street yesterday surged nearly 7 per cent after the Obama administration detailed a plan to rid bank balance sheets of toxic assets.

Brokers said the markets across the globe seem to have welcomed a US public-private sector programme to help the ailing banking system recover from massive losses suffered in the US real estate meltdown.

However, profit-booking ahead of the expiry of March contracts on Thursday pulled it down to settle the day at 9,471.04, still exhibiting a rise of 47.02 points or 0.50 per cent over the previous close.

Yesterday, the Sensex registered its biggest single-day gain of 457.34 points in the current calendar year.

The broad-based 50-issue Nifty of the National Stock Exchange, however, ended flat at 2,938.70 from the last close of 2,939.90.

PTI

Sensex gains 142 pts, realty, metal stocks soar

MUMBAI: The benchmark Sensex on the Bombay Stock Exchange closed at one-month high of 9,832.39 points on Monday on a sharp rally in realty and metal counters after trimming the handsome gains it made in early trading.

The market got a boost on anticipation of a second tranche of fiscal incentives from the government soon and the central bank cutting the key policy rates further.

The Bombay Stock Exchange 30-share barometer ended the day at 9,832.39, up by 143.32 points, or 1.47%, higher from previous close. It was only nearly 50 points short of the psychologically important 10,000 level at intra-day high of 9,948.33.

The 50-share Nifty of the National Stock Exchange also improved by 59.85 points, or 2.05%, to 2,981.20.

Brokers aid another round of rate cut by the US Federal Reserve in its forthcoming meeting helped the market to regain some of its lost ground. Expectations of US government reconsidering the bailout plan for the troubled auto industry also helps, they added.

Strong cues in Asian bourses also bolstered the sentiment here. While Asian indices ended up by about 0.5% to 5.2% on the back of some recovery on Wall Street last weekend, European markets showed signs of stability and were quoted in the green this morning.

Marketmen, however, said concerns over the sharp decline in industrial production by 0.4% in October persisted and hence some investors preferred to play safe by booking profits at every rise.

Realty stocks netted handsome gains with the sectoral index closing higher by 5.53%, followed by metal index at 5.19%. However, IT scrips continued their weakness and the index ended lower by a negligible 0.22%.

Source: http://timesofindia.indiatimes.com/Business/Sensex_ends_higher_realty_metal_soar/articleshow/3839940.cms

Sensex sheds 303 points in choppy trade

MUMBAI: In see-saw trade, the Bombay Stock Exchange benchmark Sensex on Wednesday extended losses for the second day by losing another over 300
points on heavy selling in blue-ship stocks like RIL and ICICI Bank.

The 30-share barometer settled the day lower by 303.36 points, or 3.08%, at 9,536.33 after swinging wildly on alternate bouts of selling and buying. In two days it has shed nearly 1,000 points.

The bellwether index lost 280 points in early trade but it recovered sharply on encouraging numbers on industrial growth. It even seemed that the crucial 10,000 level is very well within the day's trade when the index touched the day's high of 9928.60 points.

However, by mid-session profit-booking emerged bringing the Sensex steeply lower. It even plunged to day's low of 9376.73 points before rising again to settle day at 9,536.33 points.

The broader Nifty of the National Stock Exchange also lost 90.20 points, or 3.07%, to close at 2,848.45 points.

Marketmen said sentiments were so weak that even 4.8% industrial growth in September, a reversal of abysmal performance in August, failed to revive buying support.

A fall in excise duty collection in October, coupled with a decline of 15% in country's exports in the same month have severely damaged sentiments.

Realty sector index suffered the the most by losing 7.34% at 2,046.64 as stocks of DLF Ltd fell by 8.61% at Rs 244,60, Indiabull Realty by 13.82% at Rs 112.60 and Unitech Ltd by 4.02% at Rs 49.

Reliance Industries, the heaviest among all Sensex-related stocks, also declined by 3.72%.

Soruce: http://timesofindia.indiatimes.com/Business/India_Business/Industrial_growth_at_48_in_September/articleshow/3703663.cms

Sensex at 10,223.09 at close

Date: 2008-10-20 Mumbai: The Bombay Stock Exchange benchmark Sensex today regained the vital 10,000 level with IT and banking stocks leading in attracting good buying support.

Cutting short the three-day losing spree that saw the bellwether index plunging below the 10,000 mark on Friday, the Sensex bounced back by 247.74 points at 10,223.09.

National Stock Exchange index Nifty also shot up by 48.45 points at 3,122.80.


Marketmen said investors judged the benchmark's three-day, 13 per cent drop as excessive and started buying at existing lower level. A firming trend in global stock markets was also an encouraging factor and helped pushing up share prices, they said.

Trading sentiment got a boost by mid-session after the Reserve Bank of India announced a cut in repo rate to benefit borrowers and investors. A reduction in repo rate is expected to result in cheaper credit.
Source: www.mid-day.com

Sensex closes by more than 227 points

The Bombay Stock Exchange benchmark Sensex today closed lower by more than 227 points, but managed to erase huge intra-day losses caused by negative cues from Asian and other markets.
The 30-share Sensex, which dipped by over 790 points to a more than 2-year low in intra-day trade, ended with a loss of 227.63 points at 10,581.49.
Similarly, the wide-based National Stock Exchange index Nifty declined by 69.10 points at 3,269.30.
The market remained weak following reports of more European governments offering blanket bank deposit guarantees, as regulators from Washington to Seoul scrambled to contain the fiancial crisis, brokers said.
Asian markets plummeted for the second day in a row, with key Japanese index Nikkei 225 reportedly falling over 11 per cent while Hong Kong's benchmark Hang Seng declined by 4.80 per cent to 15,230.20 points.
The marketmen added that a third cut of one per cent in cash reserve ratio by the Reserve Bank last night failed to influence trading sentiment this morning, as did lower inflation numbers released today.
However, later in the day, the market rebounded to prune early losses following reports of Europe emerging from lows and US stock futures indicating a higher opening.
The market recovered nearly 465 points during the day backed by surging realty, banking and FMCG stocks.
Source: www.mid-day.com