Financials

A benchmark index of Indian equities markets was Thursday trading up 76.07 points or 0.30 percent as metal, oil and gas and consumer durables stocks gained.

However, heavy selling pressure was observed in technology, entertainment and media (TECK), capital goods and fast moving consumer goods (FMCG) stocks.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,597.21 points, was trading at 25,549.96 points around 12.45 p.m. trade session, up 76.07 points or 0.30 percent from previous day’s close at 25,473.89 point.

The BSE Sensex today gained nearly 56 points in early trade on selective buying in oil, IT and banking stocks ahead of industrial output data for April to be released later in the day.

The 30-share index, which had retreated from record high by losing almost 110 points in the last session, recovered 55.77 points, or 0.22 per cent, to 25,529.66 in early trade.

The National Stock Exchange Nifty moved up by 4.35 points, or 0.06 per cent, to 7,631.20. It breached 7,700 level for the first time yesterday.

he NSE index Nifty today crossed the 7,700 level for the first time and the BSE Sensex hit yet another record high of 25,735.87 led by a rally in IT, auto banking and pharma stocks on sustained inflow of foreign capital.

The 50-issue Nifty crossed the 7,700 level for the first time by gaining 43.65 points, or 0.57 per cent, to trade at an all-time high of 7,700.05, surpassing its previous intra-day high of 7,683.20 touched yesterday.

The benchmark Sensex today hit a new lifetime high but pared gains on profit-booking to end with a slim 3.48-point rise at a fresh closing peak of 25,583.69.

Stock markets had opened on a strong note with the 30-scrip BSE Sensex touching a new high of 25,711.11 points in early trade on heavy buying by funds and retail investors.

However, profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day’s low of 25,347.33 points. It saw a mild recovery before ending at a new closing high of 25,583.69, up 3.48 points or 0.01 per cent.

The market’s initial record-setting spree came to a halt, with Sensex losing 140.94 points in late morning trade after most of the key sector stocks witnessed intense profit-booking.

Barring IT, tech and health-care sectors, rest all the counters including realty, metal, power, oil & gas, banking, auto, consumer durables and FMCG saw profit-booking.

The market opened with sharp gain at 25,706.35 and reached an all-time new high of 25,711.11 before succumbing to profit-booking.

Continuing its record-breaking spree for the fourth session in a row, the benchmark BSE Sensex today hit another life-time high of 25,711.11 on sustained capital inflows as the new government unveiled its agenda for economic reforms.

The 30-share index Sensex, which had gained nearly 775 points in the previous three sessions, up by another 130.90 points, or 0.51 per cent, to trade at fresh record high of 25,711.11 in the opening trade today. The gauge had touched intra-day high of 25,644.77 yesterday.

The benchmark BSE Sensex climbed to a new record high of 25,601.07 and the NSE Nifty crossed 7,600-mark for the first time to trade at 7,646.25 in opening trade today as foreign funds and retail investors indulged in creating positions amid a firming Asian trend.

The 30-share index, which had rallied by 590.63 points in the past two sessions, spurted by another 204.61 points, or 0.81 per cent, to trade at fresh record high of 25,601.07.

All the sectoral indices led by realty and capital goods were trading in the positive territory with gains of up to 3 per cent.

India’s foreign exchange (forex) reserves declined by $273.8 million to $312.38 billion for the week ended May 30, led by a sharp fall in overseas currency assets, Reserve Bank of India (RBI) data showed.

This is the second consecutive time that the reserves have fallen in the last six weeks.

The reserves had fallen by $2.26 billion to $312.65 billion for the week ended May 23. Before that it had risen by $1.09 billion to $314.92 billion for the week ended May 16. For the week ended May 9, forex reserves had gained by $1.97 billion to reach $313.83 billion.

India’s forex reserves fell by USD 273.8 million to USD 312.382 billion in the week to May 30, mainly on account of a drop in currency assets.

After weeks of gains, the reserves nosedived by a whopping USD 2.268 billion to USD 312.656 billion in the previous week.

Foreign currency assets (FCAs), a major constituent of the overall reserves, dipped by USD 269.3 million to USD 285.291 billion in the period under review, Reserve Bank said in a statement.

A benchmark index of Indian equities markets Friday touched a new record high of 25,419.14 points, before ending marginally lower at 25,396.46 points — a new closing high.

The Sensex maintained its early morning gains of over 200 points and extended it to 376.95 points at the end of the day’s trade.

The Sensex broke its May 16 record high of 25,375.63 points reached after the Narendra Modi-led Bharatiya Janata Party scored a landslide victory in the general election.

Extending yesterday’s gains, the benchmark BSE Sensex spurted by another 210 points in early trade on sustained foreign fund inflows amidst a firming trend overseas in response to ECB measures to boost the eurozone economy.

The 30-share Sensex shot up by 210.51 points, or 0.84 per cent, to trade at 25,230.02 with stocks of oil and gas, realty, capital goods, PSUs and banking sectors rallied. The gauge had climbed nearly 214 points in the previous session.

The 50-share NSE Nifty, regained 7,500 mark for the first time since May 16 by gaining 50.10 points, or 0.67 per cent, to 7,524.20.

Extending losses for the second straight day, the benchmark BSE Sensex fell by another 103 points in early trade Thursday on selling mainly in banking, auto, realty and refinery sector stocks on the back of lower Asian cues.

ICICI Bank slipped by 1.72 percent and HDFC Bank by 1.54 percent as the stock also turned ex-dividend today.

The Sensex resumed slightly higher at 24,828.38 and moved in a range of 24,664.88 and 24,831.79 before quoting at 24,702.38 at 1000 hours, showing a loss of 103.45 points, or 0.42 percent, from its last close.

The benchmark BSE Sensex recovered by nearly 26 points in early trade today after yesterday’s fall as funds and investors bought stocks of power, metal, infrastructure, consumer durables and realty companies amidst a mixed trend in Asian markets.

The 30-share index, which had retreated from the record closing high by falling 52.76 points yesterday, recovered by 25.96 points, or 0.10 per cent, to 24,831.79 in the opening trade.

In a similar fashion, the broader National Stock Exchange index Nifty moved up by 12.30 points, or 0.17 per cent, to 7,414.55.

The rupee appreciated by 6 paise to 59.27 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.

Besides, a higher opening in the domestic equity market and gains in other Asian currencies against the dollar also supported the rupee.

The rupee had closed five paise higher at 59.33 yesterday on fag-end dollar selling by banks and exporters on hopes of good foreign capital inflows into equities.

Meanwhile, the benchmark BSE Sensex rose by 25.96 points, or 0.10 per cent, to 24,831.79.PTI

The BSE benchmark Sensex can possibly touch 1,00,000-mark in the next six years if the infrastructure cycle is revived quickly by the new government and the corporate earnings grow by 20-25 per cent, claimed a report by Karvy Stock Broking.

The 30-share Sensex is hovering around 25,000 mark at present. The stock markets have witnessed strong rallies, mainly fuelled by expectations from the Narendra Modi-led BJP government.

A benchmark index of Indian equities markets ended in the negative territory Wednesday, as information technology (IT), technology, entertainment and media (TECK) and fast moving consumer goods (FMCG) came under sustained selling pressure.

However, capital goods, metal, automobile, bank and consumer goods sectors rallied. The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 24,909.03 points, ended at 24,805.83 points (provisional) — down 52.76 points or 0.21 percent from the previous day’s close at 24,858.59 points.

The benchmark BSE Sensex gained over 67 points in early trade today on continued capital inflows by funds and retail investors, following the RBI’s decision to cut the statutory liquidity ratio (SLR).

Rising for the third straight day, the 30-share barometer surged 67.31 points, or 0.27 per cent, to 24,925.90 with stocks of consumer durables, realty, capital goods and auto sectors leading the rise.

The index had gained over 641 points in last two trading sessions.

A benchmark index of Indian equities markets rose 173.74 points or 0.70 percent Tuesday, striking a new closing high of 24,858.59 points. Metal, oil and gas and capital goods stocks gained the most.

The market, which was trading cautiously ahead of the Reserve Bank of India’s (RBI) bi-monthly monetary policy review, started falling soon after the apex bank left key interest rates unchanged. However, the bank’s decision to cut the liquidity ratio requirement for banks helped correct the sentiment.

India’s central bank Tuesday kept all key policy rates unchanged but eased some money for lending, indicating that it will await more positive signals from the economy and the upcoming national budget before measures to spur growth.

While the cash reserve ratio was kept unchanged at 4 percent, statutory liquidity ratio (SLR), which is the quantum of liquid assets banks have to hold against their deposits, has been reduced by 50 basis points to 22.5 percent.

This could release Rs.35,000 crore more for banks to lend. India Inc welcomed the move.

The benchmark BSE Sensex rose over 70 points in early trade today as funds and investors made fresh buying ahead of the RBI’s bi-monthly policy review.

The 30-share barometer gained 70.89 points, or 0.29 per cent, to 24,755.74 with stocks of consumer durables, metals, IT, realty, oil and gas and power sectors leading the rise.

The Sensex had gained 467.51 points in the previous session on the back of slight improvement in HSBC Indian Manufacturing Purchasing Manager’s Index (PMI), a measure of factory production in May.

A benchmark index of Indian equities markets Monday closed 467.51 points or 1.93 percent up, as capital goods stocks rose.

Healthy buying was observed in interest sensitive stocks like capital goods, bank, oil and gas, automobile and metal sectors ahead of the Reserve Bank of India’s monetary policy Tuesday.

However, fast moving consumer goods (FMCG) and healthcare stocks came under sustained selling pressure.

The benchmark BSE Sensex surged by 130 points in morning trade on Monday on buying in capital goods, realty, refinery, banking and metal sector stocks, triggered by firm Asian cues amid fresh capital inflows from foreign funds.

Foreign institutional investors (FIIs) bought shares worth a net Rs 2,977.62 crore last Friday, as per provisional data from the stock exchanges.

The Sensex resumed higher at 24,368.96 and firmed up further to 24,388.15, before quoting at 24,347.82 at 1000 hrs, showing a gain of 130.48 points, or 0.54%, from its last weekend’s level.

The rupee recovered from initial losses against the American currency on fresh selling of dollars by banks and exporters and was trading at 59.11 per dollar in morning trade today.

The rupee resumed lower at 59.27 per dollar as against the last weekend’s level of 59.11 at the Interbank Foreign Exchange (Forex) Market on initial dollar demand from some banks.

However, it recovered immediately to 59.11 at 1000 hrs on selling of dollars in view of firm equity market.

It hovered in a range of 59.11 and 59.28 per dollar during the morning trade.

The government can rake in more than Rs 50,000 crore through stake sales in about 30 PSUs if a new Sebi proposal requiring minimum 25 per cent public holding in all listed firms passes muster with the Finance Ministry.

While private sector listed companies are already required to maintain minimum 25 per cent public shareholding, this limit for state-run listed entities currently stands at 10 per cent.

Capital markets regulator Sebi has now proposed that the 25 per cent limit be applied to the listed PSUs as well and has written to Finance Ministry regarding the same.

The top seven Sensex companies saw a cumulative loss of Rs 90,452.18 crore in their market capitalisation (m-cap) last week, with energy majors ONGC and RIL taking the steepest hit.

The seven companies whose market valuation eroded in the week ended Friday (May 30) include RIL, ONGC, ITC, CIL, SBI, Infosys and ICICI Bank.

On the other hand, TCS, HDFC Bank and new entrant in the top 10 list Larsen & Toubro made gains.

The market capitalisation of ONGC dropped Rs 25,024.81 crore to Rs 3,23,611.41 crore, while RIL suffered a loss of Rs 20,266.28 crore to Rs 3,44,284.41 crore.