Indian Share Market | Indian Stock market | Indian Share Prices | BSE, NSE, Sensex, Nifty

Shares ended nearly flat on Thursday as gains

2009-10-01T23:13:00.000-07:00

We very much excited to work in share market because shares ended nearly flat on Thursday as inflation concerns offset gains from technology and bank stocks and a rally in Bharti Airtel. The Sensex closed up 7.71 points at 17134. The benchmark index which witnessed choppy trade swung between 17059.36 and 17195.61 during the session. Inflation accelerated at 0.83 per cent in the week ended September 19 compared with 0.37 per cent in the previous week, the Government said Thursday.

Analysis expect the rate to increase from the current levels as the base effect from last year's high inflation levels tapers off. On the National Stock Exchange, the 50 stock S and P CNX Nifty was nearly flat 5083.40 points. The market is in a consolidation mode, with no erratic movements. The Sensex is expected to trade in a range of 16700-17500 points next week, market participants told us. Given that we are entering an extended weekend, investors are not taking any large positions.

Sensex broke the 17000 mark on Wednesday

2009-10-01T00:57:00.000-07:00

It is another milestone of the Sensex broke the 17000 mark on Wednesday and it's a first reached two years ago in September 2007 and last seen 16 months ago in May last year - as FII inflows continued to flood the share market. One of the key debates doing the rounds was how much of the FII inflows - Rs.1074 crore in the net on Wednesday alone - have been occasioned by dollar carry trade and if so, would it create a bubble on the lines of the 'yen carry trade' of a couple of years ago.

This creates a situation where investors borrow in low-interest currencies and invest the funds in other asset classes or in markets where interest rates are higher. The index gained 273 points, or 1.6 per cent, to close at 17126 points. The Nifty gained 1.5 per cent and closing at 5083 points.

Indian Share Market study as on 24/09/2009

2009-09-25T08:41:00.000-07:00

Retail investors have turned IPO-shy this fiscal. Retail investors are still unsure of the direction the markets will take and the recent IPOs have not given investors handsome returns.

Even index heavyweights witnessed healthy rollovers. Reliance saw a rollover of 75 per cent, Tata steel 75 per cent and Tata Motors 79 per cent. IFCI, DLF, Ispat Industries, Kingfisher Airlines, Suzlon, Unitech and JP Associates continued to attract higher trading volumes and healthy rollovers.

Reliance Communications said on Thursday that its tower subsidiary, Reliance infratel, has filed the draft prospectus for its initial public offer with SEBI. Reliance Infratel hosts on its towers the telecom electronics of several operators, including Etisalat DB, S Tel, Aircel, Tata Teleservices and MTS.

KS Oils has attracted some overseas players this quarter. Goldman Sachs picked up 96 lakh shares, or 2.51 per cent stake, from the market of the recently-enhanced paid-up capital of Rs.39.66 crore. The company issued shares to a private equity player, New Silk Route Partners. It also picked up GDRs. The shareholders, New Silk Route holds the highest, 10.17 per cent.

Tazo-Pip have acquired the dimensions of a Hollywood thriller. The innovator Wyeth's citizen petition against the generic versions approval, to US FDA's extended deliberation over the matter, the action still seems to be far from over for Tazo-Pip, the premium life saving antibiotic injection in the US market.

Short-covering lifts benchmark indices in Indian Share Market

2009-09-25T08:09:00.000-07:00

The Bombay Stock Exchange's benchmark Sensitive Index closed up 0.4 per cent, or 61.93 points, to 16781.43. The 30 stock Sensex, which was in the red most of the day, traded between 16494.92 adn 16834.10 in the session. The market are closed on Monday and Friday next week for local holidays. The Sensex is expected to trade in the range of 16650 to 16950 Friday, according to Dow Jones technical analysis.

NSE was closed and gained 16.60 points, or 0.3 per cent, to 4986.55. It closed above 5000 points, at 5020.20, for the first time in about 16 months. The market was largely negative on Thursday because of weakness in Asian markets, but fundamentally the Indian market is very strong. The Sensex has jumped about 73 per cent so far this year, driven by sustained buying from overseas funds, which have invested about $10.6 billion so far in 2009. Total traded volume on the Bombay Stock Exchange was Rs.5391 crore, compared with Rs.6728 crore on Wednesday. Gainers beat losers were unchanged. Bank Stocks rose as funds covered their short positions on hopes that second quarter earnings, due in October, will be robust.

Technology and Autos Shares lead gain on 22nd Sep.2009

2009-09-23T03:09:00.000-07:00

Auto and Technology stocks helped shares end at their highest level in about 16 months on Tuesday. The Sensex was up 0.9 per cent, or 145.13 points, at 16886.43, with 24 of the 30 index constituents ending higher. It traded between 16763.78 and 16943.49. On the NSE, the 50 stock S and P CNX Nifty closed up 44.15 points, or 0.9 per cent, at 5020.20 - its highest level in about 16 months. Total traded volume on the BSE was Rs.5663 crore, versus Rs.6273 crore on Friday. Gainers beat decliners 1605 to 1176 while 81 stocks wer unchanged.