Sensex Gains 400 Pts, Nifty Eyes 8550; ITC Leads, BHEL

The Sensex gained 424.37 points or 1.53 percent at 28129.72, and the Nifty rose 117.45 points or 1.39 percent to 8539.25. About 1660 shares have advanced, 1161 shares declined, and 150 shares are unchanged on the BSE. Alembic Pharmaceuticals' first quarter net profit grew by 8.06 percent year-on-year to Rs 69.88 crore compared to Rs 64.67 crore in the year-ago period. The stock crashed more than 11 percent intraday Friday as the company disappointed...

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Nifty Eyes 8500, Sensex Up 200Pts; Kotak Mah Down, ICICI

The positive momentum continued in early trade Friday with the Sensex rising 211.86 points to 27917.21 and the Nifty climbing 50.10 points to 8471.90. About 1065 shares have advanced, 332 shares declined, and 85 shares are unchanged on the BSE. Cipla, GAIL, Dr Reddy's Labs, ICICI Bank and Coal India rallied 1.2-1.6 percent. However, Kotak Mahindra Bank fell 3 percent post Q1 earnings.  ITC, Maruti Suzuki, L&T, PNB, Bank of Baroda...

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Nifty Nears 8450 On F&O Expiry Day, Sensex Up; Cipla Gains

In a strong show, the Rs 550 crore IPO of biotechnology major Biocon's research arm Syngene International was over-subscribed 32.03 times on the last day of the offer on Wednesday as both retail and institutional investors bid aggressively for the shares. The company's IPO received bids for 51,24,24,840 shares as against 1,60,00,000 shares on offer, according to data available with the NSE till 1900 hrs, thus generating demand for shares worth...

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Sensex Up 150 Pts, Nifty Hits 8400 Post Fed Meet; ITC Slips

Herald Van Der Linde, head of Asia Pacific equity strategy at HSBC Holdings Plc says the near-term looks challenging for emerging markets but valuations are getting attractive across Asia. Linde has a cautious stance on India because equities here are little expensive than other markets. He sees Sensex at 26800 by year end. Talking about Fed shelving plans to hike interest rates once again, Linde said US market has already priced that in. He...

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Sensex Gains Over 100 Pts; SBI, GAIL, NTPC Major Laggards

The market is going steady. The Sensex is up 134.50 points or 0.5 percent at 27593.73 and the Nifty is up 38.20 points or 0.5 percent at 8375.20. About 1584 shares have advanced, 1041 shares declined, and 136 shares are unchanged. Infosys, Maruti Suzuki, BHEL, Wipro and HDFC are top gainers while ITC, Dr Reddy's Labs, GAIL, SBI and NTPC are among laggards. The emerging markets and global macro, Morgan Stanley Investment Management Sharma is...

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Sensex, Nifty Marginally Higher; Mid, Smallcap Outperform

PNB will be refinancing its stressed loans in Q2. In an interview to CNBC-TV18, executive director Ram Sangapure says the bank refinanced loans worth Rs 2500 crore in Q1 and will be refinancing more Rs 3000 crore worth loans in Q2. In an interview to CNBC-TV18, Sangpure says of the loans to be refinanced, 70 percent are from steel sector and 30 from power. Indian steel industry has faced a double whammy of weaker prices and higher imports dumped...

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Nifty Above 8350, Sensex Firm; ITC Falls, Vedanta Gains 2%

The market has started the day on a high note. The Sensex is up 66.46 points at 27525.69, and the Nifty is up 20.30 points at 8357.30. About 690 shares have advanced, 190 shares declined, and 67 shares are unchanged. Vedanta, HDFC, Tata Steel, Hindalco and Tata Motors are top gainers while ITC, ONGC, NTPC, GAIL and Reliance are among laggards in the Sensex.  The Indian rupee has maintained it upward momentum as it gained 4 paise in the...

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Sensex, Nifty rangebound; BoI, Syndicate Bank Plunge 4-6%

Capital markets regulator Sebi has sought clarifications from merchant bankers of four firms including IndiGo and Coffee Day Enterprises regarding their proposed initial public offers (IPOs).  The other firms from which Sebi has sought information are RBL Bank (formerly known as Ratnakar Bank) and global sim card provider Matrix Cellular (International) Services. Without disclosing the details of clarifications sought, Securities and...

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Sensex, Nifty Consolidate; ONGC, Tata Motors Top Losers

The market entered into consolidation mode after a fall in previous three consecutive sessions. The Sensex fell 40.23 points to 27521.15 and the Nifty declined 10.30 points to 8350.70. About 962 shares have advanced against 813 shares declined on the Bombay Stock Exchange. Rakesh Arora, Macquarie said there is enough happening to keep the long-term interest alive in the market but not good enough to break out of the current range in the near...

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Sensex Slips Over 300 Points, Nifty Below 8500

The S&P BSE Sensex slipped over 300 points in trade on Monday tracking a sharp fall observed in most Asian markets. The 50-share Nifty index also broke below its crucial psychological support level of 8450. Bank Nifty fell nearly 300 points, the loss were led by index heavyweights such as sense  Sun TVBSE 4.34 % surged over 6 per cent, while Tata Motors was down about 2 per cent in trade.  Taking its losing streak to the fourth...

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Sensex Plunges 300 Pts, Nifty Breaks 8450; Banks Drag

The SIT recommendation to go after P Notes to stem black money is unlikely to impact market, says Ridham Desai of Morgan Stanley. He is confident that the government will make a studied decision on the issue and rules out the possibility of the FII community panicking over P-Note issue. Desai, on the other hand, is worried that if GST Bill does not get passed during the Monsoon Session of parliament, it may hurt sentiment. But that is "short-term"...

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Sensex Down Over 150 Points, Nifty Tests 8,550, Sun TV Up 3%; Top 20 Intraday Bets

The S&P BSE Sensex fell over 100 points in trade on Thursday, tracking muted trends across most Asian markets. The 50-share Nifty was quoting below the crucial mark of 8,600. The losses in the benchmark indices were led by heavyweights such as ICICI Bank, Infosys, L&T, Wipro, Tata MotorsBSE -1.58 % and Reliance Industries.  The overall market breadth though remained positive, with five out of every 10 BSE stocks trading in the...

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Nifty Holds 8550 Amid Pressure; Tata Motors Falls

The market is slipping away as the Sensex is down 84.38 points at 28286.46. The Nifty is down 18.45 points at 8571.35. About 1323 shares have advanced, 908 shares declined, and 130 shares are unchanged. Cipla, Hindalco, Bharti Airtel, Sun Pharma and HDFC are top gainers while Wipro, GAIL, ICICI Bank, Tata Motors and Lupin are among laggards in the Sensex. The market is split between September & December, and the actual timing will be...

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