MUMBAI:
Erasing early gains, the Bombay Stock Exchange benchmark Sensex today fell over 137 points at midsession on emergence of profit selling by funds in realty, bank and refinery sector shares.
The Sensex, which commenced the day higher at 17,080.17 points, fell back to trade lower by 137.39 points at 16,895.12 at 1230 hrs.
Similarly, the wide-based National Stock Exchange index lost 46.40 points at 5,011.65.
Marketmen said the selling emerged in stocks which had gained substantial ground in last few sessions even as the fundamentals of the markets still remained better.
They said the current fall could be seen as a technical correction and good for a healthy market.
Showing posts with label Sensex. Show all posts
Showing posts with label Sensex. Show all posts
Monday, November 16, 2009
Sensex Boomed Above 17000
MUMBAI:
Buoyed by the positive weekend numbers on industrial output and cues from the government on its divestment plans, Indian equities continued to trade in the green on Monday afternoon, with a key index ruling 191.24 points above its previous close.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 16,893.11 points, against Friday's close at 16,848.83 points, and soon shot up to a high of 17,055.44 points within 15 minutes into the trading session.
At 1.22 pm., the index was trading at 17,040.07, up 191.24 points or 1.14 percent from its last closing figure.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was also ruling firm around the same time, breaching the 5,000-point mark at 5,060.45 points, with a gain of 1.23 percent, over the previous close at 4,998.95 points.
Broader market indices were also trading in the green, with the BSE midcap index ruling 1.41 percent higher and the BSE small cap index 1.38 percent up.
The government had on Friday said all ministries have been asked to compile a list of state-run firms for sale of stake and listing on stock exchanges, even as it expected partial divestment in at least three such firms by the end of this fiscal.
Disinvestment secretary Sunil Mitra said as per data available for 2007-08, there were 10 listed state-run firms with less than 10 percent public holding, while 50 others met the criteria for divestment in terms of profits and net worth.
Statistics on India's industrial production a day earlier showed a 9.1-percent growth in September, compared to 6 percent in the corresponding month last year, in yet another sign of economic recovery in the country.
Buoyed by the positive weekend numbers on industrial output and cues from the government on its divestment plans, Indian equities continued to trade in the green on Monday afternoon, with a key index ruling 191.24 points above its previous close.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 16,893.11 points, against Friday's close at 16,848.83 points, and soon shot up to a high of 17,055.44 points within 15 minutes into the trading session.
At 1.22 pm., the index was trading at 17,040.07, up 191.24 points or 1.14 percent from its last closing figure.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was also ruling firm around the same time, breaching the 5,000-point mark at 5,060.45 points, with a gain of 1.23 percent, over the previous close at 4,998.95 points.
Broader market indices were also trading in the green, with the BSE midcap index ruling 1.41 percent higher and the BSE small cap index 1.38 percent up.
The government had on Friday said all ministries have been asked to compile a list of state-run firms for sale of stake and listing on stock exchanges, even as it expected partial divestment in at least three such firms by the end of this fiscal.
Disinvestment secretary Sunil Mitra said as per data available for 2007-08, there were 10 listed state-run firms with less than 10 percent public holding, while 50 others met the criteria for divestment in terms of profits and net worth.
Statistics on India's industrial production a day earlier showed a 9.1-percent growth in September, compared to 6 percent in the corresponding month last year, in yet another sign of economic recovery in the country.
Tuesday, November 10, 2009
Sensex gains 31 points in early trade
MUMBAI:
Indian equities markets opened quietly Wednesday with a flat benchmark index and broader market indices signifying low level of transactions.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 16,444.44 points and, about five minutes after the opening bell, was at 16,471.61 points, 0.19% or 31.05 points above its previous close at 16,440.56 points.
Around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE) was also higher at 4,887.8 points, up 0.12% from its last close.
Broader market indices were in the positive zone as well with the BSE midcap index 0.34% higher and the BSE small cap index 0.2% up.
Indian equities markets opened quietly Wednesday with a flat benchmark index and broader market indices signifying low level of transactions.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 16,444.44 points and, about five minutes after the opening bell, was at 16,471.61 points, 0.19% or 31.05 points above its previous close at 16,440.56 points.
Around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE) was also higher at 4,887.8 points, up 0.12% from its last close.
Broader market indices were in the positive zone as well with the BSE midcap index 0.34% higher and the BSE small cap index 0.2% up.
Wednesday, November 4, 2009
Record rise In Sensex after 5 months about 500 pts
MUMBAI:
Markets today notched up over a 500-point gain, the biggest in more than five months, to snap six days of straight losses, helped by the government's assertion that stimulus packages would continue and there would not be any curbs on capital inflow.
The benchmark Sensex shot up by more than 200 points in the opening trade and avoided any major fall during the day before ending the day at 15,912.13, an impressive gain of 507.19 points or 3.29% over its previous close.
The last time Sensex had gained over 500 points was on May 27 this year when it closed higher 520.41 points.
The all-around buying support came as a big solace to the markets after Tuesday's fall of close to 500 points, in tune with global trends, on concerns that governments worldwide may begin exiting from stimulus packages given last year in the wake of deepening of financial downturn.
The market had fallen by steep 1,406 points or 8.36% in the past six days.
What sparked across-the-board buying was Finance Minister Pranab Mukhejee ruling out withdrawal of fiscal stimulus packages till economy recovers fully. His remarks that there are no plans to place curbs on the capital inflows into the country further augmented enthusiastic buying.
Marketmen said strong global cues and a weakening dollar against a basket of currencies also enlivened the sentiment.
India's largest private sector firm Reliance Industries rebounded by 5.49%. The spurt in RIL followed its hammering on Tuesday which saw shares plunging 5.73%.
Markets today notched up over a 500-point gain, the biggest in more than five months, to snap six days of straight losses, helped by the government's assertion that stimulus packages would continue and there would not be any curbs on capital inflow.
The benchmark Sensex shot up by more than 200 points in the opening trade and avoided any major fall during the day before ending the day at 15,912.13, an impressive gain of 507.19 points or 3.29% over its previous close.
The last time Sensex had gained over 500 points was on May 27 this year when it closed higher 520.41 points.
The all-around buying support came as a big solace to the markets after Tuesday's fall of close to 500 points, in tune with global trends, on concerns that governments worldwide may begin exiting from stimulus packages given last year in the wake of deepening of financial downturn.
The market had fallen by steep 1,406 points or 8.36% in the past six days.
What sparked across-the-board buying was Finance Minister Pranab Mukhejee ruling out withdrawal of fiscal stimulus packages till economy recovers fully. His remarks that there are no plans to place curbs on the capital inflows into the country further augmented enthusiastic buying.
Marketmen said strong global cues and a weakening dollar against a basket of currencies also enlivened the sentiment.
India's largest private sector firm Reliance Industries rebounded by 5.49%. The spurt in RIL followed its hammering on Tuesday which saw shares plunging 5.73%.
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