Sensex slips further into the red amid weak Asian cues
Mumbai, Nov 21 (IANS) A benchmark index for Indian equities markets fell further Monday, with traders taking cues from the negativity at other Asian bourses.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,297.03 points, was ruling around noon at 16,179.31 points, down 192.2 points or 1.17 percent from its previous close at 16,371.51 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red, 54.7 points or 1.12 percent lower at 4,851.1 points.
Both benchmarks had lost about 5 percent last week as the European debt crisis continued to plague Indian investors.
Broader markets were also ruling lower with the BSE midcap index down 1.05 percent. The BSE midcap index was trading 0.81 percent lower, while the BSE smallcap index fell 0.46 percent.
The market breadth at the BSE was negative with 982 stocks advancing and 1,523 scrips declining. Another 119 remained unchanged.
Among gainers on the Sensex were: Maruti Suzuki, Coal India, Jaiprakash Associates and Sun Pharma while the losers included BHEL, Tata Motors, Bajaj Auto and RIL.
Asian markets were ruling lower as investors remained unconvinced over an early resolution to the European debt crisis indicating doubts over the ability of political leaders in the zone.
The Japanese Nikkei closed 0.32 percent down at 8,348.27 points, while Hong Kong's Hang Seng was ruling 1.27 percent lower at 18,256.03 points.
The Chinese Shanghai composite index closed flat at 2,415.13 points.
Markets continue to trade weak amid negative Asian cues
2011/11/16 12:29:53 Mumbai, Nov 16 (IANS) A benchmark index for Indian equities markets Wednesday continued to trade in the red in the afternoon amid negative cues from other Asian bourses. Capital goods, power and energy stocks were among the major losers at this time.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,872.3 points, was ruling around 12.45 p.m. at 16,712.47 points, down 170.2 points or 1.01 percent from its previous close at 16,882.67 points.
The Sensex had touched a high of 16,872.30 points and fell to a low of 16,644.85 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red, 61.9 points or 1.22 percent lower at 5,006.6 points.
Broader markets were also ruling lower with the BSE 500 index down 1.23 percent. The BSE midcap index was trading 1.52 percent lower while the BSE smallcap index was ruling 1.81 percent down.
The market breadth at the BSE was negative with 559 stocks advancing and 2,039 scrips declining, while 93 remained unchanged.
There were only three gainers on the Sensex: M&M, ONGC, Cipla and SBI. Among the losing scrips on the benchmark were BHEL, L&T, Hero MotoCorp and RIL.
Asian markets stocks were ruling were in the red, as debt woes of Italy came back into the limelight as concerns grew over the European nation's ability to pay off its massive debts.
The fall came despite a modest rise in the US markets, helped by data which showed retail spending increasing for the fifth straight month.
The Japanese Nikkei closed 0.92 percent down at 8,463.16 points, while Hong Kong's Hang Seng was ruling 2.83 percent lower at 18,801.75 points.
The Chinese Shanghai composite index closed 2.75 percent down at 2,460.19 points.
A key Indian equities index Monday slipped below the 16,000-point mark amid weak global cues, a continuing slide in the value of the rupee and pressure on the United Progressive Alliance ((UPA) government over the telecom airwaves case.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 16,209.19 points against its previous close at 16,162.06 points, but slipped into the red soon after.
About an hour-and-half into trading, the benchmark index was ruling at 15898.45 points, with a loss of 263.61 points, or 1.69 percent. As many as 28 out of the 30 shares that constitute the Sensex basket were in the red.
Over the past year, the index is down nearly 1,500 points, or a little over 20 percent.
At the National Stock Exchange, the situation was no better with the broader 50-share S&P CNX Nifty ruling at 4,784.65 points, down 83.10 points, or 1.71 percent over the previous close.
While rupee was at ruling at 49.57 per dollar, against its close at 49.42 Friday, the bullion market was also weak, with gold and silver down.
Apart from the trouble in the Eurozone, Greece and the US, sentiments were also affected by the political rift caused by a letter from the finance ministry to the Prime Minister's Office, that is seen just short of indicting Home Minister P. Chidambaram in the second generation (2G) spectrum case.
In the note, the finance ministry says Chidambaram, as finance minister in 2007, could have prevented spectrum from being given away at throwaway prices by insisting on its auction, implying that presumptive losses could have been avoided. (IANS)
2011/11/18 10:58:29 Mumbai, Nov 18 (IANS) A benchmark index for Indian equities markets Friday slipped further into the red in noon trade, with selling intensifying in capital goods, power and realty stocks. Investor sentiment continued to be subdued on negative cues from Asia.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,387.7 points, was ruling at 16,241.15 points -- down 220.56 points or 1.34 percent from its previous close at 16,461.71 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red, 71.7 points or 1.45 percent lower at 4,863.05 points.
Broader markets were also ruling lower, with the BSE 500 index down 1.39 percent. The BSE midcap index shed 1.88 percent, while the BSE smallcap index fell 2.42 percent.
The market breadth at the BSE was negative with 525 stocks advancing and 2,083 scrips declining. Another 94 remained unchanged.
Among gainers on the Sensex were: Hero MotoCorp, Cipla, Bharti Airtel and Wipro while the losers included BHEL, Tata Motors, Maruti Suzuki and Tata Steel.
Asian markets stocks were ruling lower as fears of the European debt crisis and the sluggish growth in the region continued to weigh on investors.
Concerns on debt-ridden countries able to pay back creditors overshadowed the release of positive economic data from the US which showed the manufacturing registering growth in many months.
The Japanese Nikkei closed 1.23 percent down at 8,374.91 points, while Hong Kong's Hang Seng was ruling 1.94 percent lower at 18,452.24 points.
The Chinese Shanghai composite index closed 1.95 percent lower at 2,415.13 points.
2011/11/4 5:31:59 Mumbai, Nov 4 (IANS) A benchmark index for Indian equities markets Friday slipped from the day's highs amid some profit booking even as Greece looked set to abandon plans of holding a referendum on the European bailout package.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,674.7 points, was ruling at 17,539.71 points a little before 2 p.m., up 57.78 points or 0.33 percent from its previous close at 17,481.93 points.
It had climbed to 17,702.26 points in morning trade.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading higher, 12.8 points or 0.24 percent up at 5,278.55 points.
Broader markets also gained with the BSE 500 index up 0.44 percent. The BSE midcap index was up 0.63 percent while the BSE smallcap index was trading 0.49 percent higher.
The market breadth at the BSE was positive with 1,536 stocks advancing and 1,142 scrips declining, while 140 remained unchanged.
Prominent Sensex gainers included Sterlite, Hindalco, HeroMoto Corp and SBI, while among losing scrips were Tata Power, Hindustan Unilever, ONGC and RIL.
Asian markets rose after increasing signals came that Greece Prime Minister George Papandreou's plans of conducting a referendum on the European bailout package may not go through even as he prepared to face a confidence vote in the Greek Parliament.
The Japanese Nikkei rose 1.86 percent to close at 8,801.4 points, while Hong Kong's Hang Seng ended 3.12 percent higher at 19,842.79 points.
The Chinese Shanghai composite index also rose 0.81 percent and closed at 2,528.29 points.
2011/10/17 2:48:46 A benchmark index for Indian equities Monday gave up its modest early gains and fell below the 17,000-mark in noon trade.
The 30-scrip sensitive index (Sensex) of the BSE opened at 17,176.05 points and was ruling at 16,973.47 points, down 109.22 points or 0.64 percent from its previous close at 17,082.69 points.
The Sensex had soared over 5 percent in last week.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading lower, 0.75 percent or 38.35 points down at 5,093.95 points.
Broader markets too saw some selling with the BSE 500 index ruling 0.5 percent lower. The BSE midcap index was ruling flat while the BSE smallcap was up 0.29 percent.
The market breadth at the BSE was mixed with 1,203 stocks on the advance, 1,191 declining and 107 unchanged.
Some of the other top gainers on the Sensex at this time were Maruti Suzuki, Tata Motors, SBI and ONGC, while among losers were RIL, NTPC, L&T and Bharti Airtel.
Asian markets rose Monday with investors reacting positively to reports of US retail sales -- a key indicator of consumer spending -- registering its strongest growth in 7 months.
Also the G20 allowing the International Monetary Fund to play a greater role in containing the Euro zone debt crisis boosted sentiments.
The Japanese Nikkei Monday closed 1.5 percent hgiher at 8,879.6 points, while Hong Kong's Hang Seng was trading 1.26 percent up at 18,734.68 points.
The Chinese Shanghai composite index was ruling flat at 2,430.32 points. (IANS)
Sensex dives sharply, down 216 points in afternoon trade
2011/11/15 13:15:00 Mumbai, Nov 15 (IANS)A benchmark index for Indian equities markets Tuesday fell sharply in afternoon trade and was ruling 216 points lower on widespread selling.
Negative cues from global bourses, which were doubtful of the ability of Eurozone leaders to come out of a debt crisis, also added to the woes of the markets.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 17,081.62 points, slipped to rule at 16,902.5 points, down 216.24 points or 1.26 percent from its previous close at 17,118.74 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also edged lower to rule 76.45 points or 1.48 percent lower at 5,071.9 points.
Broader markets were also ruling lower with the BSE 500 index down 1.73 percent. The BSE midcap index was trading 2.45 percent lower while the BSE smallcap index was ruling 2.56 percent down.
The market breadth at the BSE was negative with 581 stocks advancing and 2,194 scrips declining, while 101 remained unchanged.
There were only three gainers on the Sensex: Cipla, Tata Motors and HDFC Bank. Among the losing scrips were DLF, M&M, ICICI Bank and Tata Steel.
Asian markets were in the red, as a rise in Eurozone bond yields signalled doubts in investors about the ability of politicians in Italy and Greece to push through reforms to resolve their debt crises.
The Japanese Nikkei closed 0.72 percent down at 8,541.93 points, while Hong Kong's Hang Seng ended 0.82 percent lower at 19,348.44 points.
The Chinese Shanghai composite index closed flat at 2,529.76 points.
European markets too were in losses. Britain's FTSE was ruling 0.7 percent lower at 5,480.52 points, the German DAX was trading 1.51 percent down at 5,894.6 points.
The French CAC 40 was ruling 1.6 percent down at 3,059.32 points.
Sensex slips in afternoon, European debt worries weigh
2011/11/17 12:42:00 Mumbai, Nov 17 (IANS) A benchmark index for Indian equities markets Thursday fell sharply in afternoon trade as concerns on the European debt crisis continued to dampen investor sentiments.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,754.68 points, was ruling at 16,568.94 points, down 206.93 points or 1.23 percent from its previous close at 16,775.87 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red, 67.65 points or 1.34 percent lower at 4,962.8 points.
Broader markets were also ruling lower with the BSE midcap index down 1.19 percent. The BSE midcap index fell 0.83 percent, while the BSE smallcap index shed 0.58 percent.
The market breadth at the BSE was negative with 979 stocks advancing and 1,718 scrips declining. Another 127 remained unchanged.
Among gainers on the Sensex were: Cipla, SBI, L&T and Hero MotoCorp, while the losers included Maruti Suzuki, Tata Motors, RIL and Wipr.
Asian markets stocks continued to trade cautious as investors were worried over the European Union's ability to curb the debt crisis from spreading to other economies in the zone.
France and Europe have not yet agreed on the European Central Bank's bond buying role, while a bailout fund created to help out heavily leveraged economies is yet to collect funds.
The Japanese Nikkei closed on a lacklustre note, 0.19 percent up at 8,479.63 points, while Hong Kong's Hang Seng was ruling 0.76 percent lower at 18,817.47 points.
The Chinese Shanghai composite index closed flat at 2,463.05 points.
2011/10/5 4:36:17 A benchmark index for Indian equities slipped into red in the afternoon session Wednesday after rising nearly one percent in the morning trade, as weakness in banking stocks continue to weigh on Dalal Street's sentiments.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the positive at 15,967.72 points, but slipped in the negative terrain in the afternoon session. The Sensex was ruling at 15,841.56 points in the afternoon session, down 0.15 percent or 23.30 points from its previous close at 15,864.86 points.
The Sensex touched a high of 16,044.91 points and low of 15,840.13 points in the intra-day trade.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also slipped in the negative territory in the afternoon after rising nearly one percent in the early trade. The Nifty was ruling 0.15 percent down at 4,765 points.
Broader markets were also in the negative, with the BSE midcap and smallcap indices trading with a loss of nearly a quarter percent.
Among the sectoral indices, the banking index was down over two percent and consumer durables index was down 0.72 percent.
State Bank of India, the country's largest lender, slumped for the second day after the global ratings firm Moody's downgraded its ratings from C- to D+. SBI was down 3.35 percent at Rs.1,726.90. ICICI Bank slumped almost four percent. (IANS)
2011/11/16 12:26:57 Mumbai, Nov 16 (IANS) A benchmark index for Indian equities markets Wednesday fell in morning trade and was ruling about 159 points lower minutes after opening bell.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,872.3 points, slipped within minutes to rule at 16,724.24 points, down 158.43 points or 0.94 percent from its previous close at 16,882.67 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red, 50.72 points or 1 percent lower at 5,022.05 points.
Broader markets were also ruling lower with the BSE 500 index down 0.97 percent. The BSE midcap index was trading 0.85 percent lower while the BSE smallcap index was ruling 0.43 percent down.
2011/11/8 4:10:17 Mumbai, Nov 8 (IANS) A benchmark index for Indian equities markets Tuesday gave up its modest early gains and was ruling in the red in afternoon trade as uncertainty over the Euro zone debt crisis continued to weigh on investors.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,593.67 points, was within minutes trading at 17,491.41 points, down 71.2 points or 0.41 percent from its previous close at 17,562.61 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also slipped into the red at 5,262.35 points, down 0.41 percent.
Broader markets were also ruling lower with the BSE 500 index down 0.39 percent. The BSE midcap index and smallcap indices also gave up their gains and were trading flat.
The market breadth at the BSE was negative with 1,232 stocks advancing and 1,429 scrips declining, while 101 remained unchanged.
Prominent Sensex gainers included TCS, ONGC, HeroMoto Corp and Coal India, while among losing scrips were DLF, Sun Pharma, ICICI Bank and Tata Motors.
Asian markets rose initially after news of Greece Prime Minister George Papandreou resigning and his replacement expected to get an approval for the European bailout package.
They, however, slipped later on as Italy's debt woes threw financial markets in the region into a tizzy.
Italian Prime Minister Silvio Berlusconi Tuesday will face a crucial parliamentary vote on public finances which could see his government tumbling if enough party rebels desert him.
In Asia, the Japanese Nikkei closed 1.27 percent to close at 8,655.51 points, while Hong Kong's Hang Seng ended 0.35 percent up at 19,746.81 points.
The Chinese Shanghai composite index also fell 0.24 percent and closed at 2,503.84 points.
European markets opened in the red. Britain's FTSE was down 0.3 percent, the German DAX was trading 0.63 percent lower.
2011/11/16 20:05:44 Mumbai, Nov 16 (IANS) A benchmark index for Indian equities markets Wednesday managed to pare some of its losses amid volatile trade and closed in the red for the fifth straight session.
The European debt crisis and concerns about some of the Euro zone economies like Italy and Greece being able to pay off their massive debts has dampened investor sentiments for some time now. A dull domestic corporate earnings season has not helped either.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,872.3 points, closed at 16,775.87 points, down 106.8 points or 0.63 percent from its previous close at 16,882.67 points.
The Sensex had fallen over 241 points to an intra-day low of 16,641.65 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also followed a similar trajectory to close at 5,030.45 points, down 38.05 points or 0.75 percent.
Broader markets also ended in losses, with the BSE 500 index slipping 0.77 percent. The BSE midcap index closed 0.94 percent lower while the BSE smallcap index fell 1.34 percent.
The market breadth at the BSE was negative with 899 stocks advancing and 1,937 scrips declining, while 106 remained unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors were net sellers Wednesday to the tune of $74.59 million.
Gainers on the Sensex included: Jindal Steel, up 3.03 percent at Rs.551.45; SBI, up 2.02 percent at Rs.1,764.90; M&M, down 1.89 percent at Rs.773.45 and ONGC, up 1.74 percent at Rs.263.30.
The losers on the benchmark were: BHEL, down 4.15 percent at Rs.297.65; L&T, down 4.04 percent at Rs.1,236.70; Sun Pharma, down 3.03 percent at Rs.489.75 and Hero MotoCorp, down 2.73 percent at Rs.2,104.60.
Asian markets were ruling in the red, as debt woes of Italy came back into the limelight and concerns grew over the European nation's ability to pay off its massive debts.
The fall came despite a modest rise in the US markets, helped by data which showed retail spending increasing for the fifth straight month.
The Japanese Nikkei closed 0.92 percent down at 8,463.16 points, while Hong Kong's Hang Seng ended 2 percent lower at 18,960.9 points.
The Chinese Shanghai composite index closed 2.48 percent down at 2,466.96 points.
European markets also slipped. Britain's FTSE was ruling 0.85 percent lower at 5,470.44 points, the German DAX was trading 0.8 percent down at 5,885.44 points.
The French CAC 40 was ruling flat at 3,047.55 points.
2011/11/9 4:57:43 Mumbai, Nov 9 (IANS) A benchmark index for Indian equities markets Wednesday started on a quiet note although major Asian markets were trading in the green.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,641.98 points, was within minutes trading at 17,631.92 points, up 62.39 points or 0.34 percent from its previous close at 17,569.53 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also nudged up to rule 6.15 points or 0.12 percent higher at 5,295.5 points.
Broader markets were also ruling with moderate gains with the BSE 500 index up 0.33 percent. The BSE midcap index was up 0.45 percent while the BSE smallcap index was trading 0.76 percent higher.
2011/11/6 4:26:35 Mumbai, Nov 6 (IANS) Indian equities markets shed some of their last week's gains with benchmark indices slipping about 1.4 percent as investors across the globe continued to be worried over the Euro zone debt crisis.
During the week, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) slipped 1.36 percent or 242.19 points and closed Friday at 17,562.61 points.
The Sensex had staged its the biggest weekly rally in over two months during the week ended Oct 28.
At the National Stock Exchange, the 50-scrip S&P CNX Nifty also fell 1.42 percent or fell 76.5 points to close the week at 5,360.7 points.
Broader markets, did not fall as much. The BSE 500 index closed 0.59 percent lower. The BSE midcap index nudged up 0.37 percent, while the BSE smallcap index closed flat.
Among biggest gainers on the 30-scrip Sensex this week was FMCG giant Hindustan Unilever, which moved up 10.1 percent to close Friday at Rs.378.85.
Other prominent weekly Sensex gainers included DLF, up 5 percent at Rs.246.80; BHEL, up 3.9 percent at Rs.333.65; Hindalco, up 3.5 percent at Rs.139 and Jindal Steel, up 3.3 percent at Rs.577.30.
Among losers on the benchmark Sensex were: Tata Motors, down 5.1 percent at Rs.188; Coal India, down 3.8 percent at Rs.326.35; Maruti Suzuki, down 3.3 percent at Rs.1,123.35 and M&M, down 2.9 percent at Rs.835.05.
Markets across the world fell in the week under review as the Greek parliament got ready to vote on a confidence motion against Greek Prime Minister George Papandreou.
Earlier during the week, Euro zone leaders and investors across the globe were horrified by Papandreou's announcement that he intended to hold a public referndum on the bailout package worked out by leading European leaders.
On a weekly basis, the Japanese Nikkei closed 2.75 percent lower at 8,801.4 points, while Hong Kong's Hang Seng ended 0.88 percent down at 19,842.79 points.
The Chinese Shanghai composite index, however, moved up 2.22 percent and closed the week at 2,528.29 points.
European markets too slipped during the week. Britain's FTSE 100 closed 3.07 percent down at 5,527.16 points, the French CAC 40 closed 6.72 percent down at 3,123.55 points.
The German DAX settled 5.99 percent lower at 5,966.13 points on the last trading day of the week.
Markets at Wall Street also fell. The S&P fell 2.48 percent and closed the week at 1,253.23 points, while the Dow shed 2.03 percent and ended Friday at 11,983.24 points.
The technology-heavy Nasdaq fell 1.86 percent and ended the week at 2,686.15 points.
2011/11/2 5:22:21 Mumbai, Nov 2 (IANS) A benchmark index for Indian equities markets Wednesday crept up into the green, moving up after a weak start even as major Asian bourses fell over Greece's announcement of a referendum on a bailout deal agreed with European Union leaders last week.
European and US markets had fallen sharply overnight after Greek Prime Minister George Papandreou said the country would hold a public referendum on the bailout deal. Analysts fear the move could push Greece closer to a debt default.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,347.7 points, was within minutes ruling at 17,562.25 points, up 81.42 points or 0.47 percent from its previous close at 17,480.83 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading higher, 25.6 points or 0.49 percent up at 5,283.55 points.
Broader markets were trading lacklustre as well with the BSE 500 index up 0.41 percent. The BSE midcap index and smallcap indices too nudged up.
The market breadth at the BSE was positive with 1,306 stocks advancing and 1,211 scrips declining. The rest were unchanged.
Among major Sensex gainers were RIL, M&M, Bajaj Auto and ONGC. The losing stocks included Hero MotoCorp, Wipro, Bharti Airtel and Coal India.
Tracking the overnight losses in Europe and the US, major bourses in Asia fell initially fell as fears of a Greek default grew. But some markets managed to pare losses and climbed into the green.
The Japanese Nikkei Thursday closed 2.21 percent lower at 8,640.42 points while Hong Kong's Hang Seng traded 0.59 percent up at 19,484.52 points.
The Chinese Shanghai composite index was, however, ruling 0.97 percent higher at 2,493.88 points.
European markets ended in the red Tuesday after Greece's announcement of a referendum.
Around midday, Britain's FTSE was closed 2.21 percent, down at 5,421.57 points, while the French CAC 40 ended 5.38 percent down at 3,068.33 points.
The German DAX closed 5 percent lower at 5,834.51 points.
Wall Street too fell sharply. The S&P 500 index closed 2.79 percent down, while the Dow ended 2.48 percent lower.
2011/11/3 5:34:56 Mumbai, Nov 3 (IANS) A benchmark index for Indian equities markets Thursday was ruling 163 points lower in noon trade as IT, metals and banking stocks were under selling pressure.
The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,430.69 points, was ruling at 17,301.59 points, down 163.26 points or 0.93 percent from its previous close at 17,464.85 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading lower, 50.7 points or 0.96 percent down at 5,207.75 points.
Broader markets were trading lacklustre as well with the BSE 500 index down 0.7 percent. The BSE midcap index and smallcap indices too slipped.
The market breadth at the BSE was negative with 1,024 stocks advancing and 1,482 scrips declining, while 122 remained unchanged.
Among major Sensex gainers were BHEL, Tata Power, Bharti Airtel and Cipla. The losing stocks included Tata Steel, Sterlite, HDFC Bank and Tata Motors.
Asian markets were trading mixed as concerns remained over the Euro zone debt crisis even as they awaited the proposed bailout plan to help the debt-ridden Greek economy.
The Japanese markets were closed Thursday. Hong Kong's Hang Seng was trading 2.13 percent down at 19,313.8 points.
The Chinese Shanghai composite index was, however, ruling 0.72 percent higher at 2,522.11 points.
Indian benchmarks slip over 2 percent on bank downgrade
2011/11/12 3:25:40 Mumbai, Nov 12 (IANS) Indian equities markets fell during the week as high food inflation and falling industrial output depressed investor sentiments. Also, credit rating agency Moody's downgrading several major banks weighed on the markets.
During the week, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) slipped 2.11 percent or 369.79 points and closed Friday at 17,192.82 points.
At the National Stock Exchange, the 50-scrip S&P CNX Nifty also fell 2.18 percent or fell 115.35 points to close the week at 5168.85 points.
Broader markets also ended in the red. The BSE 500 index closed 2.32 percent lower. The BSE midcap index fell 2.16 percent lower, while the BSE smallcap index slipped 2.78 percent.
"Markets were lower on the back of continued concerns on Europe and the lower-than-expected IIP numbers," said Dipen Shah, Head-Fundamental Research, Kotak Securities.
"European concerns continued to impact global markets over the week with Italy being the new focus area. Greece has appointed a new Prime Minister and Italy is also expected to appoint one soon," added Shah.
India's industrial output fell sharply in September at 1.9 percent, official data showed Friday, growing the slowest in over two years as rising interest rates and a slump in investments started to bite. This even as latest data showed food inflation still hovering well above the double digits.
Prominent weekly Sensex gainers included Hindustan Unilever, up 4.4 percent at Rs.2,173.55; Hindustan Unilever, up 3.8 percent at Rs.396.15; Wipro, up 2.4 percent at Rs.381.70 and Bhart Airtel, up 1.7 percent at Rs.395.50.
Among losers on the benchmark Sensex were: Tata Steel, down 8.3 percent at Rs.430; DLF, down 8.3 percent at Rs.228.35; SBI, down 8.2 percent at Rs.1,797.65 and ICICI Bank, down 7.6 percent at Rs.822.50.
Asian markets closed lower amid uncertainty in the Euro zone.
On a weekly basis, the Japanese Nikkei closed 3.26 percent lower at 8,514.47 points, while Hong Kong's Hang Seng ended 3.56 percent down at 19,137.17 points.
The Chinese Shanghai composite index, shed 1.37 percent and closed the week at 2,481.08 points.
European markets notched up modest gains. Britain's FTSE 100 closed 0.33 percent up at 5,545.38 points, the French CAC 40 closed 0.83 percent up at 3,149.38 points.
The German DAX moved up 1.52 percent at 6,057.03 points during the week.
Markets at Wall Street closed mixed. The S&P rose 0.85 percent and closed the week at 1,263.85 points, while the Dow rose 1.42 percent and ended Friday at 12,153.68 points.
The technology-heavy Nasdaq, however, fell 0.28 percent and ended the week at 2,678.75 points.
The film Shakti has not lived up to the expectations. The film has a weak story and weak screenplay. The direction is also weak.
To add to the woes, the film is too long – it runs for 2 hours and 40 minutes. The audience feel bored several times and one of them was heard commenting that ‘Shakti choodataaniki chaala shakti kaavali!
2011/10/29 5:33:57 Mumbai, Oct 29 (IANS) Indian equities markets benchmark indices soared over 6 percent this week, as hopes of end of monetary tightening cycle and easing European debt crisis bolstered investors' sentiments.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) climbed 6.07 percent or 1,019.16 points, the biggest weekly rally in over two months.
The Sensex closed 2.98 percent higher at 17,804.8 points Friday, the last trading day of the week.
At the National Stock Exchange, the 50-scrip S&P CNX Nifty also climbed over 6 percent in the weekly trade. The 50-scrip index soared 3.05 percent to close at 5,360.7 points Friday.
Expectations of end to the monetary tightening cycle boosted investors' sentiments on the Dalal Street this week. The Reserve Bank of India in its second quarter review of the monetary policy said it would not hike rates further if inflation started coming down from December as it expected.
The RBI has hiked key policy rates 13 times since the beginning of 2010 to curb inflation. The aggressive monetary tightening has made cost of capital expensive, hurting industrial growth and companies' earnings and profitability.
There was a strong rally in the interest rate sensitive realty and banking stocks towards the end of the week. The BSE realty index surged 5.34 percent and the banking index jumped 3.73 percent.
ICICI Bank, the country's second largest lender, jumped over seven percent to Rs.932.95 Friday. The largest lender, State Bank of India rose 2.15 percent to Rs.1,907.
Other prominent Sensex gainers Friday included Hindalco, up 10.88 percent at Rs.142.20; Sterlite, up 8.8 percent at Rs.132.90; ICICI Bank, up 7.01 percent at Rs.932.95; and Tata Steel, up 6.45 percent at Rs.480.60.
There were only three losers on the benchmark Sensex: Maruti Suzuki, down 1.99 percent at Rs.1,128; Bharti Airtel, down 0.25 percent at Rs.391.85; and Bajaj Auto, down 0.11 percent at Rs.1,754.45.
The Indian stock markets rallied Friday after two days of holiday. The markets were closed Wednesday, except for an hour-long muhurat trading session, and Thursday on account of Diwali holidays.
Markets rallied across the world towards the end of this week after the European leaders agreed on a plan to solve the debt crisis in the region.
The Japanese Nikkei Friday closed 1.39 percent higher at 9,050.47 points, while Hong Kong's Hang Seng ended 1.68 percent up at 20,019.24 points.
The Chinese Shanghai composite index ended 1.55 percent higher at 2,473.41 points.
European markets registered good weekly gains, however closed marginally in the red Friday. Britain's FTSE 100 closed 0.20 percent down at 5,702.24 points, the French CAC 40 closed 0.59 percent down at 3,348.63 points Friday.
However, the German DAX settled 0.13 percent higher at 6,346.19 points on the last trading day of the week.
2011/10/17 6:11:58 A benchmark index for Indian equities Monday closed 58 points lower as traders took a breather after last week's rally.
The 30-scrip sensitive index (Sensex) of the BSE opened at 17,176.05 points and closed at 17,024.15 points (provisional), down 58.54 points or 0.34 percent from its previous close at 17,082.69 points.
The Sensex had soared over 5 percent last week.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also closed on a lacklustre note, ending the day at 5,118.25 points, down 0.27 percent or 14.05 points.
Broader markets too ended on a subdued note with the BSE 500 index edging lower. The BSE midcap index closed flat while the BSE smallcap was up 0.19 percent.
The market breadth at the BSE was mixed, with 1,309 stocks advancing, 1,438 declining and 120 unchanged. (IANS)
2011/11/17 12:38:21 Mumbai, Nov 17 (IANS) A benchmark index for Indian equities markets Thursday fell in early trade with IT, energy and telecom stocks seeing selling.
The 30-scrip sensitive index (Sensex) of the BSE, which opened lower at 16,754.68 points, was ruling at 16,694.04 points, down 81.83 points or 0.49 percent from its previous close at 16,775.87 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the red, 28.2 points or 0.56 percent lower at 5,002.25 points.
Broader markets were also ruling lower with the BSE midcap index down 0.48 percent.
A benchmark index for Indian equities Monday gave up its modest early gains and fell below the 17,000-mark in noon trade.
A benchmark index for Indian equities Monday closed 58 points lower as traders took a breather after last week's rally.
