Stock Markets

Sensex regains 29K-mark, Nifty tops 8800 level after SBI results boost

Sensex regains 29K-mark, Nifty tops 8800 level after SBI results boost

Mumbai - The benchmark Sensex gained 289.83 points to reclaim 29,000 mark and Nifty jumped 94 points to end above 8,800 level Friday on stellar SBI earnings, rising hopes of a pro-growth budget and positive global cues.

Logging their fourth successive session of gains, benchmark indices wrapped up the week in style after ending in the red for the preceding two weeks.

Shares of FMCG, healthcare, banking, auto and metal sectors were the major gainers of the day.

Country's largest public sector lender SBI today reported over 30 percent jump in net profit December quarter. Its shares zoomed nearly 8 percent, adding about 86 points alone to Sensex's 289.83 point surge.

SBI Q3 Net surges 30% on improved income; shares soar 6.8%

SBI Q3 Net surges 30% on improved income; shares soar 6.8%

Mumbai - Improvement in asset quality and high interest income pushed State Bank of India's net profit in December quarter by 30 percent to Rs 2,910 crore, boosting the shares of country's largest lender by 6.8 percent.

The bank had reported a net profit of Rs 2,234 crore in the October-December quarter of previous fiscal, SBI said in a statement.

The gross non-performing assets (NPAs) as a percentage of total advances came down to 4.90 percent at the end of third quarter from 5.73 percent in the year-ago period while net NPAs stood at 2.80 percent.

During the quarter, the net interest income increased by 9.20 percent to Rs 13,777 crore as against Rs 12,616 crore in the October-December period of last fiscal.

SpiceJet shares down 4% as Q3 loss widens

SpiceJet shares down 4% as Q3 loss widens

Mumbai: Shares of budget airline SpiceJet today fell by 4 percent after the company reported widening of net loss by a steep 59 percent during the third-quarter at Rs 275 crore.

The stock went down by 3.99 per cent to Rs 19.25 at the BSE.

The company announced its results post market hours yesterday.

In the middle of an ownership change, SpiceJet had yesterday reported a steep 59 percent rise in third-quarter net loss at Rs 275 crore on lower passenger numbers and a one-time cost of Rs 295 crore.

Sensex rises for 4th straight session, up 110 points

Sensex rises for 4th straight session, up 110 points

Mumbai: Continuing its rising streak for the fourth consecutive session, the benchmark BSE Sensex gained over 110 points in early trade Friday on the back of a firming trend in global market.

However, discouraging IIP and retail inflation data, limited the gains.

The 30-share barometer moved up by 110.17 points, or 0.38 percent, to 28,915.27 with healthcare, realty, metal, consumer durables, FMCG and banking sector stocks, leading the rally. The gauge had gained 577.71 points in past three sessions.

On similar lines, the National Stock Exchange index Nifty rose by 39 points, or 0.45 percent, to 8,750.55.

Sensex rises 151 points ahead of IIP, inflation data

Sensex rises 151 points ahead of IIP, inflation data

Mumbai: Rising for the third straight session, the benchmark BSE Sensex gained over 151 points in early trade on Thursday as participants engaged in enlarging positions ahead of IIP and retail inflation data to be released later in the day.

Besides, expectations of faster economic reforms by the government and optimism over the forthcoming Budget, buoyed trading sentiments.

The 30-share index was trading higher by 151.91 points, or 0.53 percent, at 28,685.88 with stocks of auto, consumer durables, power, realty and capital goods sectors, leading the rise.

The gauge had gained 306.58 points in the previous two sessions.

On similar lines, the National Stock Exchange index Nifty rose by 36.30 points, or 0.42 percent, at 8,663.70.

Sensex rises 134 points; Nifty reclaims 8,600-mark

Brooklyn does not like being dropped to school by Beckham

Mumbai: The benchmark BSE Sensex rose over 134 points in early trade Wednesday on value-buying by investors in selective stocks amidst optimism over the upcoming Budget.

The 30-share index gained 134.85 points, or 0.48 percent, to 28,490.47 with capital goods, consumer durables, banking, healthcare, power, auto and metal sector stocks, leading the rise.

The index had gained 128.23 points in the previous session.

Also, the National Stock Exchange index Nifty reclaimed the 8,600-mark by rising 47.10 points, 0.55 percent, to 8,612.65.

Brokers said value-based buying by investors as select shares turned attractive after recent losses and optimism over the upcoming Budget, influenced trading sentiments here.

Sensex surges 265 points; Nifty reclaims 8,600-level

Sensex surges 265 points; Nifty reclaims 8,600-level

Mumbai: After negative opening, the benchmark BSE Sensex bounced back smartly by 264.57 points and Nifty reclaimed 8,600-level on bouts of value buying in most sectors led by banking, auto, consumer durables, metal, power and FMCG in late morning deals.

Positive macro-outlook overlapped the market sentiment and Delhi election results where the Aam Aadmi Party was heading towards a landslide victory in Delhi Assembly polls, a broker said.

Shares from Midcap and SmallCap companies also supported the market gain.

Meanwhile, foreign portfolio investors sold shares worth a net Rs 660.30 crore yesterday, as per provisional data.

The Sensex opened at 28,122.48 and drifted to 28,044.49 before rebounding to a high of 28,522.71, quoting 28,491.96 at 1040hrs.

Sensex down 286 points on Delhi exit poll forecast

Sensex down 286 points on Delhi exit poll forecast

Mumbai - The benchmark BSE Sensex extended losses for the seventh straight day by plummeting over 286 points in early trade today on sustained selling by funds and retail investors amid exit polls showing that the BJP may not be able to form government in Delhi.

Besides, discouraging third quarter earnings by some bluechip companies and weakness in the rupee, dampened trading sentiments.

The 30-share index tumbled by 286.49 points, or 0.99 percent, to 28,431.42. The gauge had lost 963.86 points in the previous six sessions.

In a similar fashion, the National Stock Exchange Nifty dipped below the 8,600-mark by falling 77.85 points, or 0.90 percent, to 8,583.20.

Market continues losing streak for fifth day

Market continues losing streak for fifth day

Mumbai - The benchmark BSE Sensex extended losses for the fifth straight day by falling over 58 points in early trade today on sustained selling by funds amid a mixed trend in other Asian markets.

The 30-share index, which has lost 798.66 points in the previous four sessions, fell further by 58.23 points, or 0.20 per cent, to 28,824.88.

Similarly, the National Stock Exchange index Nifty declined by 18.65 points, or 0.21 per cent, to 8,705.05.

Profit-booking in stocks of oil & gas, realty, capital goods, consumer durables and healthcare sectors, negatively impacted the sentiments.

Besides, the depreciation in the rupee dampened local equities, experts said.

Sensex recovers 130 points ahead of RBI policy review

Sensex upMumbai: After two sessions of losses, the benchmark BSE Sensex rose over 130 points in early trade Tuesday on fresh spell of buying by participants ahead of RBI's monetary policy review.

The 30-share index, which had lost 559.50 points in the previous two sessions, recovered by 130.79 points, or 0.44 percent, to 29,253.06, with consumer durables, FMCG, oil & gas, auto and banking sector stocks leading the rise.

On similar lines, the National Stock Exchange index Nifty gained 26.00 points, or 0.30 percent, to 8,823.40 in early trade.

Sensex falls 136 points in early trade on profit-booking

Sensex fallsMumbai: The benchmark BSE Sensex fell by 136 points in early trade on Monday on sustained profit-booking by participants after recent gains amidst a weakening trend overseas.

The 30-share index fell by 136 points, or 0.47 percent, to 29,046.95 as banking, PSUs, metals, oil & gas and FMCG stocks witnessed tremendous sell-off.

The gauge had retreated from record-high and tumbled by 498.82 points in the previous session on Friday on heavy profit-booking.

Similarly, the National Stock Exchange index Nifty dipped below the psychological 8,800-mark by falling 27.90 points, or 0.32 percent, to 8,781.00 in early trade.

Alibaba shares drop by more than 10 percent post disappointing December quarter results

Beijing, Jan 30 - Alibaba Group Holding Limited's shares have fallen by more than 10 percent on Thursday wiping more than 25 billion dollar of market value after the third quarter revenue fell short of expectations.

According to China Daily, the revenue of the company rose by 40 percent making it 4.22 billion on the December quarter.

Tian Hou , a Beijing-based analyst said that stock price drop is not about Earnings per share, it's about the top line growth.

Alibaba did not address Tuesday's announcement that its second-biggest shareholder Yahoo Inc plans to spin off its 15 percent stake in the company. (ANI)

Sensex hits another peak of 29,844.16; Nifty at 8,996.60

Sensex upMumbai: The BSE Sensex continued its record setting spree and hit a new peak of 29,844.16 and the NSE Nifty inched towards the 9,000-level in early trade on Friday on robust fund inflows and sustained optimism over the upcoming Budget.

The 30-share index rose by 162.39 points, or 0.54 per cent, to hit a new peak of 29,844.16 (intra-day), breaking its previous record of 29,786.32 touched on January 28.

In previous ten sessions, the Sensex had recorded a massive rise of over 2,346 points, or more than 8 per cent.

Stocks of realty, power, IT, capital goods, PSU and oil & gas sectors, led the rise.

Sensex falls 152 points on profit-booking, global cues

Sensex fallsMumbai: The benchmark BSE Sensex fell over 152 points in early trade on Thursday as participants locked-in gains in bluechip stocks amid caution in view of monthly expiry in the derivatives segment.

Besides, profit-booking in with stocks of metals, PSU, banking, power, infrastructure, auto and healthcare sectors, negatively impacted trading sentiments.

The 30-share barometer, which had retreated from its record-high by falling 11.86 points in yesterday's highly volatile session, fell further by 152.74 points, or 0.51 percent, to 29,406.44.

The National Stock Exchange index Nifty also slipped from record-high and shed 52.80 points, or 0.59 percent, to 8,861.50.

Sensex off record-high; falls 58 points in early trade

Sensex DownMumbai: Snapping its bull-run for eight consecutive sessions, the benchmark BSE Sensex fell over 58 points in early trade on Wednesday as participants locked-in gains at current levels amid a weak trend overseas.

Besides, profit-booking in stocks of realty, auto, metal, banking, capital goods and oil & gas sectors, negatively impacted trading sentiments.

The 30-share barometer fell by 58.56 points, or 0.19 percent, to 29,512.48. The gauge had rallied by 2,224.22 points in the previous eight straight sessions on the back of sustained foreign fund inflows.

Sensex, Nifty extend record-breaking spree on fund inflows

Sensex upMumbai: Continuing their record-breaking spree, markets on Tuesday hit new highs with the BSE Sensex scaling another peak of 29,456.63 and the NSE Nifty soared to 8,878.20 in opening trade on sustained capital inflows.

Besides, markets were buoyed by optimism over upcoming Budget and quarterly earnings amidst positive domestic factors and mixed global cues.

The benchmark BSE Sensex climbed by 177.79 points, or 0.60 per cent, to trade at a new high of 29,456.63, breaking its previous record of 29,408.73 reached on Friday.

Stocks of capital goods, power, consumer durables, auto, FMCG, banking, infrastructure and realty sectors led the rally and rose up to 2.11 per cent.

Top 8 Sensex companies add Rs 62,074.5 cr in m-cap; Infosys, CIL shine

New Delhi - The combined market valuation of top eight Sensex companies surged by Rs 62,074.5 crore in the week gone by, with Infosys, Coal India and HDFC Bank emerging as the star performers.

Except TCS and ITC, rest of the eight companies, including ONGC, RIL, SBI, ICICI Bank and HUL saw a rise in their market capitalisation (m-cap).

The market valuation of Infosys zoomed by Rs 11,473.24 crore to Rs 2,54,277.52 crore.

CIL's value soared by Rs 10,106.18 crore to Rs 2,48,801.59 crore and HDFC Bank added Rs 10,008.07 crore to Rs 2,52,111.44 crore.

Sensex, Nifty extend record-breaking spree on global cues

Mumbai - Extending their bull run for the seventh straight session, the BSE Sensex scaled another peak of 29,389.18 and the NSE Nifty breached the 8,800-mark for the first time in opening trade, driven by positive global cues triggered by European Central Bank's stimulus measures.

The benchmark BSE Sensex climbed 383.16 points, or 1.32 percent, to trade at a new high of 29,389.18, breaking its previous record of 29,060.41 (intra-day) touched in yesterday's trade.

The benchmark index had gained 1,659.20 points in the previous six sessions.

Sensex breaches 29,000-mark; Nifty hits new peak of 8,754

Mumbai - Continuing their record-setting spree for the third straight session, the benchmark BSE Sensex crossed the 29,000-mark for the first time and the NSE Nifty hit a new peak of 8,754.65 in opening trade today on robust fund inflows amidst a firming trend overseas.

Besides, optimism among funds and retail investors over encouraging Q3 earnings by bluechip companies, so far, also buoyed trading sentiments, brokers said.

The 30-share index crossed the landmark 29,000-level for the first time by surging 124.02 points, or 0.42 percent, to hit yet another high of 29,012.88, breaking its previous record of 28,958.10 (intra-day) touched yesterday.

SpiceJet shares tank over 8% on fresh financial worries

SpiceJetMumbai: Shares of SpiceJet Wednesday settled over 8 percent lower after Mumbai Airport asked the budget carrier to immediately pay the pending dues of Rs 5 crore and provide a bank guarantee of Rs 15 crore.

After falling 8.69 percent to Rs 21 in intra-day trade at the BSE, shares of SpiceJet ended 8.26 percent lower at Rs 21.10.

The company's market capitalisation fell by Rs 101.56 crore to Rs 1,129.44 crore.

On the volume front, 120 lakh shares of the company changed hands at the BSE during the day.




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