From the Sensex pack, Tata Motors, Sun Pharma, Wipro, Tata Consultancy Services, UltraTech Cement, Tech Mahindra, Bajaj Finserv, HCL Technologies, Infosys and IndusInd Bank were the major laggards. NTPC, Power Grid, Reliance Industries, Tata Steel, HDFC and HDFC Bank were the major winners.
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
Cash flows from RPL will help Reliance to step up investments on explorations. Reliance Industries, which owns the world's biggest refinery complex, is looking at additional cash flows, tax benefits, continuity of export status and other synergies in its attempt to merge Reliance Petroleum with itself, after a 54 per cent decline in stock prices.
Aggregate figures for a sample of 43 companies (excluding oil & gas PSUs as well as those in the banking, telecom and software sectors) in the BSE 100 index suggest that operating profit margins (OPMs) were down by 63 basis points (bps) year-on-year in the December quarter and that there appears to be no major causes for concern.
The market breadth was neutral.
Among the Sensex firms, Bajaj Finserv, Tata Motors, Asian Paints, ITC, IndusInd Bank, State Bank of India, Tata Steel, Wipro, Infosys and Maruti were the major gainers. Tech Mahindra, HCL Technologies, Kotak Mahindra Bank, Titan and Larsen & Toubro were the major laggards.
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
Equity indices staged a pullback on Tuesday after three days of declines as investors scooped up IT, metal and consumption stocks amid a largely positive trend overseas. A recovery in the rupee added to the momentum, traders said. Overcoming a wobbly start, the 30-share BSE Sensex climbed 274.12 points or 0.45 per cent to settle at 61,418.96.
The NSE Nifty settled at 5,233, up 11 points. The market breadth is positive, out of 2,969 shares traded, 1,504 advanced and 1,318 declined on the BSE.
The NSE Nifty closed 78 points higher at 5,368.
The Nifty, retained the 5,000 level and ended at 5,088 -- up 71 points. Exports in January grew as services and manufacturing activity jumped.
The NSE Nifty has closed at 4,888, down 28 points.
An engineer, laid off in December 2008, remained unemployed for a year but did not lose hope. Today, he has a job with double the salary his previous employer paid him.
Market benchmark BSE Sensex declined over 247 points on Tuesday to close at 40,239 as heavy selling emerged mainly in power, oil & gas and IT stocks amid a strengthening rupee. Yes Bank was the biggest loser in the Sensex pack with 10.05 per cent fall, followed by PowerGrid, IndusInd Bank, NTPC, ITC, TCS, Axis Bank, Hero MotoCorp, M&M and HCL Tech, which lost up to 2.66 per cent. On the other hand, Bajaj Finance, HUL, HDFC Bank, ICICI Bank, and Bajaj Auto gained up to 1.06 per cent.
Among the Sensex stocks, HDFC emerged as the top gainer, rising by 2.06 per cent, followed by Axis Bank, Maruti, Reliance, Power Grid and Tata Steel.
Overseas investors were one of the heavy buyers.
The NSE Nifty ended at 5,114, down 27 points. The market breadth was fairly negative, out of 2,844 shares traded, 1,471 declined and 1,322 advanced on the BSE.
Valdel Engineers & Constructors (formerly John Brown Technologies) has been awarded the ISO 9001:2000 certification by Lloyd's Register for design and engineering services.
Marketmen said the BSE index tumbled tailing weak Asian peers as concerns grew that a global economic recovery may be rockier than expected after data showed US consumer confidence fell to its lowest since March.
Mutual funds pared exposure to auto, cement, metal, FMCG, telecom, sugar, and power stocks in January.
The NSE Nifty ended at 4,583, down 54 points. The market breadth was extremely negative - out of 2,774 stocks traded, 2,020 declined while 706 advanced. The rest were unchanged.
The NSE Nifty ends at 4,638, down 18 points. The market breadth was negative - out of 2,793 shares traded, 967 advanced and 1,768 declined on Thursday.
The Sensex finally ended 241 points lower at 14,061. The Nifty ended down 48 points at 4,270.
Rising geopolitical uncertainty, a falling dollar and the growing speculative interest in commodities trading will keep crude prices volatile.
The NSE Nifty ended at 2,795, up 37 points. The market breadth was fairly positive - out of 2,589 stocks traded, 1,551 advanced and 930 declined on Wednesday.
Nifty opened in the red at 5,468 on back of lacklustre cues from Asia and swung between 5408 and 5507.
Among the Sensex firms, HCL Technologies fell the most by 2.4 per cent. IndusInd Bank (2.35 per cent), Infosys (2.28 per cent), Wipro (1.8 per cent), NTPC (1.71 per cent), Asian Paints (1.7 per cent), Tata Consultancy Services (1.36 per cent),Tech Mahindra (1.03 per cent) and SBI (1 per cent) were among the major laggards.
The NSE Nifty moved up 16 points at 4,539. Consumer durables and oil & gas stocks gained 1.7% and 1.4%, respectively, while IT stocks lost 0.3%. The market breadth was marginally positive - out of 2,674 stocks traded, 1,481 advanced, 1,109 declined, and 84 were unchanged.
Rising oil prices and inflation worries pushed the index into a negative zone to touch a day's low of 14,846 - down 726 points from its previous close. Realty, IT, banking and oil & gas stocks suffered the most today. The index recovered partially and touch a day's high of 15,203. The NSE Nifty ended (provisional) with a loss of 108 points at 4,520.
The market breadth was negative - out of 2,761 stocks traded, 1,115 advanced, 1,537 declined and 109 were unchanged on Thursday. The NSE Nifty shed 83 points to end at 4,835. Unabated selling in auto, banking and oil & gas stocks forced the index touch a low of 16,196 - down 470 points from previous close.
'The recent correction in indices has made the markets cheaper to invest for the long term.'
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