Buzzing Stocks

HTC shares drop in Taiwaan after unfavorable ITC ruling

HTC shares drop in Taiwaan after unfavorable ITC rulingThe shares of smartphone maker, HTC crashed in the Taiwanese market after the U. S. International Trade Commission said in an initial ruling that the company had violated two patents belonging to Apple.

HTC’s shares were trading 4.1 percent down at NT$870. The shares had earlier dropped to NT$848, the lowest since January 14 and the company’s shares have fallen 11 percent since Apple filed its second complaint on July 11.

Sensex Drops in Auto and Metal Stock

Sensex Drops in Auto and Metal StockAccording to reports, Sensex after surging up during early sessions, experienced a fall in auto and metal stocks, as the index dropped to 18,513 and currently traded at 18,565 as well as going down with 53 points from previous close.

Also, European bourses continued to weaken ahead of the release of European bank stress tests results, as CAC and DAX are reported to trade 0.5% down each, as each of the markets in Switzerland and Stockholm dropped b y 1%.

BSE Index Shows an Overall Fall in the Share Prices

BSE Index Shows an Overall Fall in the Share PricesThe Tata Consultancy Services’ share prices increased by 3% at the index on Friday with the increase in the share prices of certain Information Technology (IT) companies, which were predicted to underperform. However, the share prices at the Bombay Stock Exchange were marked by an overall fall by 2.2%.

Bharti Airtel, Hindalco, ITC, L&T Up, Sensex Crossed 19,000 Milestone

SensexPost-opening at 18,776, the BSE Sensex reached many different levels during the entire day. Earlier, the figure touched a day's high of 19,045 and even a day's low of 18,767 but at 3.05 p. m. (IST), the BSE Sensex showed the maximum up thereby reaching to the figure of 19,041 i. e. 314 points, up from its last close, reason behind being the constant buying binge in the index heavyweights.

According to the reports, the constancy has further lifted the main Indian equity benchmarks past key psychological levels in mid-afternoon trade. Also, the reports showed that the BSE Sensex easily crossed the 19,000 milestone whereas the NSE Nifty surpassed the 5,700 mark.

Market Trades Flat- Mid Cap Loses With Small Cap Gain

SensexThe BSE and Nifty index remained more flat today rather than being exciting, nifty and BSE rather showed a downward trends today. In the opening session, BSE sensex was down by 0.1 % at 18725.56 and nifty lost 0.2% at 5262.

The stats remained almost same throughout the day with only minor fluctuations in downwards directions with Sensex shedding 38 points at 18706 and nifty down by 14 points at 5168 at the end of the day.

BSE small cap showed the upward trend and moved by quarter of percent 11 points whereas mid cap fell down to 6955.

Indian Rupee Reaches Two-Month High

RupeeThe Indian rupee has just reached a two-month high this Wednesday, as it hit 44.3825/3850 per dollar at 11:42am. This has been its highest since May 3 when it reached 44.3350. It seems the Indian economy is seeing better days, and has edged 0.1% higher, even during difficult trading times.

The Asian market is also seeing some promising stats, as most Asian currencies were stronger than the US dollar.

"USD/INR is gaining on the back of strong portfolio inflows", said Ashutosh Raina, Head of forex trading at HDFC Bank.

Idea Cellular Continues To Fall

Idea Cellular Continues To FallAccording to the market sources, it was revealed that Idea Cellular Ltd. (IDEA), the mobile-phone company which is owned by Indian billionaire, Kumar Mangalam Birla has fallen the most in two weeks in Mumbai trading after a court ruled against the company that the company must return overlapping licenses which were obtained from an acquisition three years ago to the government.

Sensex Drops Nearly 100 Points Leaving Traders Worried

Sensex Drops Nearly 100 Points Leaving Traders Worried The Sensex dropped to the negative zone and it has made some traders a bit worried. However, the auto and IT sectors have enough strength to help the index tough a high of 18,838. The Sensex was down 55 points at 18,759 along with Nifty which was down 16 points.

Indian Shares Rising in Asian Markets

Indian Shares Rising in Asian MarketsAccording to the news, it was revealed that Indian shares are raising in the Asian market due to the consumer goods stocks. The Bombay Stock Exchange's Sensitive Index increased by 51.68 points or 0.3% to close at 18,814.48 after ranging between 18,781.88 and 18,942.42 during the day.

On the National Stock Exchange, the 50-stock S&P CNX Nifty gained 23.30 points or 0.4% and to end at 5,650.50 points. Trading volume on the BSE increased by INR29.91 billion from Friday's INR27.38 billion. Gainers have outnumbered the decliners from 1,766 to 1,075 whereas 123 stocks remained unchanged.

Rupee Hits a High

RupeeIn a recent development, it was revealed that the Indian Rupee has gained a few points in comparison with the euro. The rupee gained its highest in two months and this has happened due to inflow of the dollars. The euro has also been stable for a while now and this is the reason for the recent gain.

The final position of the rupee was 44.5825/5925 in comparison with Dollar. The highest it reached was about 44.5175, and this is the strongest record since last recorded in May.

Not Too Good a Day for the Indian Stock Market

Not Too Good a Day for the Indian Stock MarketIn the recent developments of the stock market, it was found that the day was not too good for trading in India. The BSE ended about 87.41 points lower.

The worst performers for the day were the auto-stocks and the pharmaceuticals. There was a bit of respite in the metal stocks and the IT sector.

Sensex Jumps By 175 points

Sensex Jumps By 175 pointsAccording to the share market, it was observed that the markets have finally firmed up. The markets have a higher trade as the investors rolled over from June to July sessions.

The Nifty index touched a high of 5,637 points in the morning session following by the firm global cues. The index touched a low of 5,607 points and decreased because the investors were unconvinced if the gains were made in the past week than they would be sustained.

The S&P CNX Nifty was trading at 5,617, up by 20 points and the Sensex was trading at 18,760, up by 63 points at 14:30 hours.

Again Increasing Sensex

Again Increasing SensexAccording to news, it was found out that Sensex continues to recover from the losses. Sensex touched 18,527 points in the morning trades because of FII investments. The weakness in oil & gas and FMCG stocks has dragged the Sensex index down by 204 points from the high to an intra-day low of 18,323. Therefore, the Sensex recovered from the fall and was trading at 18,456 points. It is increased by 43 points.

Since 23 June, it was found out that FIIs have bought shares of worth Rs 1,505.50 crores. Global markets are also moving towards the positive zone.

Stocks See Fall and Rise

Stocks See Fall and RiseSensex gained over 356 points and has regained the 18,000 level after falling in crude prices from the past nine days. The Bombay Stock Exchange also climbed 356.08 points to 18,083.57 at 1145 hours. Crude oil prices have dropped by 4.6%, however, the largest oil explorer, Oil and Natural Gas Corp has surged by 3.18% while it was experiencing an all time low for the past month.

The bank industry is seeing a drive in stocks and goods and has gained 3.5-4%. Stocks are selling under pressure. European markets are trading 1.5% higher than normally. Athex Composite has jumped from 2% after Greece agreed to make a deal with EU and the IMF.

Rising and Falling in Sensex

Rising and Falling in SensexAccording to the news, it was found out that the Bombay Stock Exchange has wiped off its day’s gains at the pre-close session due to the mixed trend.

Today, at 3.00 p. m., the Sensex was up 39.26 points or 0.22% at 17,545.89 and the Nifty up 11.85 points or 0.23% at 5,269.75.

During this session, the volume toppers were SBI, RIL, Tata Motors, Tata Steel and ICICI Bank whereas the major Sensex gainers were RIL, TCS, HDFC, Hero Honda, Bharti Airtel, HDFC Bank and Infosys. SBI, L&T and ICICI Bank were the major losers.

USFDA Gives Green Signal to Levofloxacin

USFDA Gives Green Signal to LevofloxacinDrug firm, Strides Arcolab has revealed that the US Foods and Drug Administration (USFDA) has given approval to the launch of its Levofloxacin injections. These injections are synthetic fluoroquinolone antibiotic and are available in the American market.

This is the second approval received by the Sagent Strides LLC, which is a joint venture between Strides Arcolab and Sagent Pharmaceuticals. At present, Strides is developing and supplying more than 25 injectable products for the USA market, which will be marketed by the Sagent.

Long Term Buy Call For Mahindra & Mahindra

Mahindra group was founded in the year 1945 as a steel trading company; company entered into automotive manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads. Company operates in the key industries that drive economic growth, enjoying a leadership position in utility vehicles, information technology, tractors, and vacation ownership. A US $11.1 billion multinational group based in Mumbai, India, have more than 117,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies.

Buy Hindustan Zinc With Target Of Rs 138

Buy Hindustan Zinc With Target Of Rs 138Technical analyst Rajesh Satpute has maintained 'buy' rating on Hindustan Zinc Limited stock with a target of Rs 138.

According to analyst, the investors can buy the stock with a stop loss of Rs 126.

The stock of the company, on May 05, closed at Rs 132.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 155.25 and a low of Rs 92.40 on BSE.

Current EPS & P/E ratio stood at 11.65 and 11.14 respectively.

Buy Uflex With Stop Loss Of Rs 184.80

Buy Uflex With Stop Loss Of Rs 184.80Technical analyst Prabir Kumar Sarkar of SPA Securities has maintained 'buy' rating on Uflex Limited stock with targets of Rs 192 and 196.

According to analyst, the investors can buy the stock with a stop loss of Rs 184.80.

The stock of the company, on May 04, closed at Rs 186.15 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 96.34 and 1.96 respectively.

The share price has seen a 52-week high of Rs 325 and a low of Rs 108.80 on BSE.

Hold NHPC With Stop Loss Of Rs 22

Hold NHPC With Stop Loss Of Rs 22Technical analyst Rohan Mehta has maintained 'hold' rating on NHPC Limited stock with a stop loss of Rs 22 in the short-to-medium term.

The stock of the company, on May 05, closed at Rs 24.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 33.40 and a low of Rs 22.75 on BSE.

NHPC Ltd aims to produce more than 18.6 billion kilowatt hour (bkwh) of power in the existing fiscal year to March 2012, based on prospects of normal monsoon rains.




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