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BSE Sensex recovers 53 pts in ahead of IIP, inflation data
Posted on 12th September 2014
The benchmark BSE Sensex today regained the 27,000-mark by rising over 53 points in early trade, snapping its three-session falling streak, as participants made selective buying ahead of the industrial output data for July and retail inflation numbers for August.

Stocks of consumer durables, PSU, IT, infrastructure and FMCG sectors led the recovery.


L&T gains on winning orders worth Rs 1,920 crore
Posted on 8th September 2014
Shares of L&T have gained nearly 1% to Rs 1,623 on the BSE after the company said its wholly owned subsidiary L&T Hydrocarbon Engineering (LTHE) has secured new orders in the offshore and onshore segments worth Rs 1920 crore from domestic oil and gas majors.

An offshore contract worth Rs 1340 crore from Oil & Natural Gas Corporation (ONGC), includes engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field of ONGC. The project is scheduled for completion by March 2016, L&T said in a statement.


Sensex falls after nine days of gains on profit-booking
Posted on 4th September 2014
Mumbai: After nine days of gain, the 30-share bellwether BSE Sensex on Thursday fell 50 points because of profit-booking.

At 9.35am, the Sensex was trading lower by 0.19%, or 51.35 points, at 27,088.59 points, while the National Stock Exchange’s broader barometer 50-share Nifty was down 0.29%, or 23.55 points, at 8,091.05 points.


Markets continue golden run: BSE Sensex up 100 pts, NSE Nifty above 8,100
Posted on 3rd September 2014
Continuing its rising streak for the ninth straight session, the benchmark BSE Sensex rose over 129 points to hit a new high of 27,148.90 in opening trade today on sustained foreign capital inflows coupled with a firming trend on other Asian bourses.

The 30-share index, which had gained over 705 points in the previous eight sessions, gathered another 129.51 points, or 0.47 per cent, to trade at a new peak of 27,148.90, surpassing its earlier record of 27,082.85 touched yesterday (intra-day).


Sensex up over 150 points; ICICI Bank, L&T up 2-3%
Posted on 1st September 2014
Markets continue to trade near their day's highs in late morning deals with capital goods and bank shares leading the gains on better-than-expected GDP growth in the first quarter ended June 30, 2014.

At 11:50AM, the 30-share Sensex was up 168 points at 26,808 and the 50-share Nifty was up 56 points at 8,010.


Sensex trades 130 points higher ahead of derivatives expiry
Posted on 27th August 2014
Mumbai: The 30-share bellwether BSE Sensex traded higher on Wednesday morning, ahead of the expiry of derivatives. The government is expected to release data on GDP growth on 29 August.

At 9.22am, the Sensex was trading up 0.52%, or 138.65 points, at 26,581.46 points, while the National Stock Exchange’s broader barometer 50-share Nifty was up 0.38%, or 29.95 points, at 7,934.70 points.


Tata Motors, M&M to challenge CCI order of huge penalty
Posted on 27th August 2014
Tata Motors and Mahindra & Mahindra (M&M) on Tuesday said that they would challenge the Competition Commission of India's (CCI) order that imposed huge penalty on auto companies on Tuesday.

Mahindra & Mahindra (M&M) – the largest utility vehicle maker issued a statement on Bombay Stock Exchange (BSE) saying, "The company aggrieved by this order proposes to appeal against it before the appropriate forum."


Despite strong gains by indices, close to 50% constituents lag benchmarks
Posted on 26th August 2014
Although the benchmark indices representing the bluechip and mid-cap space have sustained strong year to date gains this year, nearly half of the index members have underperformed these barometers.

In case of largecap indices — the fifty share Nifty and BSE 100 — that gained more than 26% in 2014, 45% of constituents have trailed the year to date gains reported by these respective indices.


NSE, BSE to exclude USL from F&O segment
Posted on 23rd August 2014
Leading stock exchanges, BSE and NSE, will drop United Spirits Ltd (USL) from the future and option segment from September 19 as the company failed to comply with listing agreements, including timely submission of financial results.

In similarly-worded circulars, BSE and NSE said “United Spirits Ltd has not submitted financial results for the year ended March 31, 2014 and quarter ended June 30, 2014 as required under Clause 41 of the listing agreement.”


BSE Sensex up 111 points; NSE Nifty touches new peak
Posted on 22nd August 2014
The benchmark BSE Sensex rose over 111 points and the NSE Nifty soared to a new life-time high of 7,924.90 in early trade today as IT, oil & gas, power and consumer durable stocks led the rally on sustained capital inflows. Besides, a firming trend overseas also buoyed market sentiments.

The BSE 30-share barometer spurted by 111.09 points, or 0.42 per cent, to trade at 26,471.20, approaching its life-time high of 26,530.67 reached on August 19. It had gained 45.82 points in yesterday's session.


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