Financials

In volatile trade, the rupee today lost two paise to end the day at 61.19 against the dollar amid tension in Ukraine ahead of a weekend referendum prompting investors to exit from riskier markets.

Late dollar demand from importers also weighed on the rupee, a forex dealer said, adding that the local currency would have suffered a steeper loss but for a weak dollar overseas.

The dollar index fell by 0.10 per cent against the basket of six major global rivals.

A benchmark index of Indian equities markets tanked 149.80 points or 0.69 percent in the pre-noon trade Friday.

Huge selling pressure was seen in banking, capital goods and fast moving consumer goods (FMCG) sectors, while marginal good buying trend was observed in healthcare sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 21,648.05 points, was trading at 21,624.81 points in the pre-noon session, down 149.80 points or 0.69 percent from the previous day’s close at 21,774.61 points.

Extending yesterday’s losses, the benchmark BSE Sensex fell over 144 points in early trade today on sustained selling by funds, tracking weak global cues amid rising tension over Ukraine and signs of a slowdown in China.

The 30-share index, which had lost 81.61 points yesterday, fell by another 144.44 points, or 0.66 per cent, to 21,630.17 in early trade with all the sectoral indices led by banking, realty and metals trading in the negative zone, with losses up to 1.31 per cent.

A steep fall in software major Infosys pulled down the BSE benchmark Sensex by 82 points to one-week low of 21,774.61 at close today, notwithstanding firm European cues and signs of capital inflows.

Infosys crashed by 8.54 per cent after the company said it expected muted growth in January-March quarter and even probably in the next financial year.

After resuming lower, the Sensex recovered but traded in a narrow range on mixed Asian trends and better European opening.

A benchmark index of Indian equities markets was trading 73 points or 0.34 percent up in the late afternoon trade Thursday.

Healthy buying support was observed in bank, oil and gas, and automobile sectors, while selling pressure was seen in information technology (IT), technology, entertainment and media (TECk) and healthcare sectors.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 21,736.61 points, was trading at 21,929.55 points around 2.15 p.m., up 73.33 points or 0.34 percent from the previous day’s close at 21,856.22 points.

The benchmark BSE Sensex rose over 40 points in early trade today on increased buying by funds and investors after industrial output entered positive territory and retail inflation slowed to a 25-month low in February.

However, a steep fall in the shares of IT major Infosys limited the rise in the Sensex.

The 30-share barometer rose by 40.62 points, or 0.19 per cent, to 21,896.84 with stocks of oil & gas, banking, auto and FMCG sectors leading the gains. The index had gained 29.80 points in the previous session.

The rupee recovered by 30 paise to 60.92 against the US dollar in early trade today at the Interbank Foreign Exchange market following encouraging IIP and CPI numbers.

Forex dealers said dollar’s weakness against other currencies overseas, increased selling of the American unit by exporters and higher opening in the domestic equity market also supported the rupee.

The rupee today lost 28 paise to close at 61.22 against the dollar due to sustained dollar demand from importers, ahead of release of key economic data later in the day.

Renewed capital inflows, stable equities and weak dollar overseas failed to stem the rupee fall, a forex dealer said.

At the Interbank Foreign Exchange (Forex) market, the local unit commenced weak at 61.10 a dollar from previous close of 60.94.

It fell to a low of 61.26 before ending at 61.22, a loss of 28 paise. This is rupee’s second straight day of losses. Yesterday, it ended the trade nine paise lower.

he benchmark BSE Sensex fell over 20 points in early trade today on sustained selling by funds, ahead of the industrial output data for January, amid a weak trend in the global markets.

The 30-share index declined by 20.59 points, or 0.09 per cent, to 21,805.83 with metals, auto, PSUs, banking and oil & gas sectoral indices leading the fall. The index had lost 108.41 points in the previous session.

The National Stock Exchange Nifty moved down by 5.65 points, or 0.09 per cent, to 6,506.25.

Continuing its record-breaking spree, the NSE Nifty hit yet another intra-day lifetime peak of 6,562.85 in late morning trade today on a rally led by banking stocks on the back of sustained foreign capital inflows driven by an improvement in the domestic economy.

The 50-issue NSE Nifty shot up by 25.60 points, or 0.39 per cent, to trade at an all-time high of 6,562.85, surpassing its previous intra-day high of 6,562.20 reached in yesterday’s trade.

he rupee strengthened by 20 paise to trade at over seven-month high of 60.65 against the US dollar today on heavy capital inflows amid a higher opening in the equity market.

Dealers said increased selling of the American currency by banks and exporters also supported the rupee but dollar’s range-bound movements against other currencies overseas, limited the gains.

The rupee had appreciated 22 paise to close at an over seven-month high of 60.85 against the US currency in the previous session on heavy capital inflows into equities that surged to a fresh record.

Rising for the sixth straight session, the benchmark BSE Sensex gained over 67 points to trade over the 22,000 level in early trade today on sustained fund inflows.

The 30-share index, which had surged 988 points in the previous five sessions, gained 67.24 points, or 0.30 per cent, to trade at 22,002.07 with banking, power, realty and capital goods sector stocks leading the rising streak.

The 50-share NSE Nifty also edged higher by 23.45 points, or 0.35 per cent, to 6,560.70.

The Sensex and the Nifty hit a record high on Monday on the back of continued strong foreign buying in blue chips such as HDFC Bank. The Sensex all-time high of 22,005.54 points marked its third consecutive record high in as many sessions, while the Nifty hit a second consecutive milestone at 6,545.10 points. A stock analyst, Akash Jindal, said that several factors, including the easing tension in Ukraine, were the reasons for the rise of Sensex. “The crisis of Ukraine had instilled fear in the international economy, but that crisis is now diluting.

A two-day Investment Summit was recently organized in Guwahati by the Federation of Industry and Commerce of North Eastern Region with support from the DONER ministry. Bankers, entrepreneurs, students, government officials and business organizations participated in the event. Experts discussed various issues including banking, growth, infrastructure, industrial policy, education, tourism and tea industry. (ANI)

After breaching 22,000 level for the first time, the benchmark BSE Sensex fell 47 points in early trade today on emergence of profit-booking by funds and retail investors tracking weak cues in other Asian markets.

The 30-share barometer hit psychological 22,000 mark for the first time and moved up for a brief period to touch a new record high of 22,005.54. The Sensex, however, slid afterwards to trade 47.30 points lower at 21,872.49 in early trade.

Stocks of metal, IT, healthcare and auto sectors led the fall.

Indian markets wrapped up the week in style today with the Sensex zooming to a new closing high of 21,919.79 and the Nifty galloping to yet another record close of 6,526.65 as FIIs continued to repose faith in an economy that is showing signs of stability ahead of general elections.

A sharp drop in current account deficit (CAD) and easing inflation bolstered expectations that the economy will see a turnaround soon, amid hopes for a strong mandate for the newly elected government after polls next month, said traders.

Investor wealth ballooned by Rs 85,000 crore today.

A benchmark index of Indian equities markets soared to a new high of 21,866.51 points during pre-noon trade Friday. It gained 213.87 points or 0.99 percent during pre-noon trade session.

Good buying was observed in banking index (bankex), capital goods,oil and gas and auto sectors, while selling pressure was seen in IT and healthcare sectors.

The benchmark S&P BSE Sensex today soared to new record high of 21,710.43 in opening trade on heavy foreign capital inflows, tracking positive domestic and global cues.

The NSE index Nifty also jumped 53.55 points, or 0.83 per cent, to trade at new life-time high of 6,454.70, surpassing the previous intra-day high of 6,415.25, achieved on December 9, 2013.

The 30-share index, which had gained over 567 points in the previous three sessions, zoomed to 21,710.43 by surging 196.56 points, or 0.91 per cent.

The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $105.24 a barrel Wednesday, compared to $106.30 Tuesday, according to the OPEC Secretariat.

The new OPEC reference basket comprises Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (the United Arab Emirates), and Merey (Venezuela). A barrel is equal to 159 litres.

A benchmark index of the Indian equities markets soared to a new high of 21,525 points Thursday, led by strong buying support from foreign funds ahead of the general elections.

The 30-scrip S&P Sensex (sensitive index) of the Bombay Stock Exchange (BSE) hit a new record high of 21,525.14 points, surpassing its previous high of 21,483.74 points touched Dec 9 last year.

The Sensex also touched a record closing high of 21,513.87 points.

The Sensex today soared 237 points to end at a new lifetime high of 21,513.87 on heavy buying by foreign investors across bluechip banking, oil&gas and metal shares as sentiment remained buoyant after a sharp drop in current account deficit.

The NSE Nifty index also jumped 72.50 points to end at a new record closing high of 6,401.15.

ICICI Bank, RIL and L&T led the 24 gainers in 30-share Sensex. Hindalco and BHEL clocked the best gains.

A benchmark index of Indian equities markets Thursday touched a new high at 21,492 points, led by strong buying support from foreign institutional investors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) touched a high of 21492.49 points, surpassing its previous high of 21,483.74 points touched Dec 9, 2013.

The Sensex, which opened at 21,336.32 points, was trading at 21,478.21 points in the afternoon session, up 201.35 points or 0.95 percent from the previous day’s close at 21,276.86 points.

The benchmark BSE Sensex gained for the third straight session by adding 89 points in early trade today on increased buying by funds and retail investors after country’s current account deficit declined sharply in the December quarter of the current fiscal.

India’s current account deficit (CAD) fell sharply to USD 4.2 billion, or 0.9 per cent of GDP, in the December quarter of 2013-14 on the back of rise in exports and moderation in gold imports.

A benchmark index of Indian equities markets closed 67 points up Wednesday on continued foreign-investor buying in blue chip stocks.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 21,280.36 points, closed at 21,276.86 points, up 67.13 points or 0.32 percent from its previous day’s close at 21,209.73 points.

The Sensex touched a high of 21,333.20 points and a low of 21,176.16 points intra-day.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed trade at 30.70 points or 0.49 percent up at 6,328.65 points.

The benchmark Sensex today rebounded 263 points, clocking its best daily gain in 7 weeks, led by metal, banking and capital goods shares as global investor sentiment improved on reports that tension between Russia and Ukraine appeared to be easing.

After falling 173 points in the previous session, the BSE Sensex shot up by 263.08 points, or 1.26 per cent, to end at 21,209.73, a level last seen on January 23. Today’s gain was the best rise since 375.72-point jump on January 13.