Popular Articles

HDFC to raise over Rs 4,000 crore through QIBs
Housing Development Finance Corporation Ltd (HDFC), the multi-faceted finance company, has decided to dilute a maximum 3.5 per cent equity to Qualified Institutional Buyers (QIBs) to raise over Rs 4000 crore.

Sensex breaks four-day winning streak
The Sensex today opened at 17,702 mirroring subdued global cues and slipped into the negative terrain within few minutes of trading. Selling in IT and auto shares dragged the markets further into red. The index touched a low of 17,566, down 177 points from the day"s high. The Sensex languished in the red for the rest of the trading session and finally ended at 17,616, down 85 points. The NSE Nifty ended at 5,263, down 19 points.

News of the day

LIC, Central Bank to boost trade in interest futures
The interest rate futures (IRFs) trading in the country will get a boost in coming days, as Life Insurance Corporation (LIC) and Central Bank of India have agreed to provide support to the exchange-traded product. Both these will ensure adequate liquidity on the National Stock Exchange (NSE)— the bourse where IRFs are traded.
Management

Markets at day's high

The Sensex has gained 53 points to the day"s high of 16,412. The Nifty is up 32 points at 4,914. ____________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit ___________________________________________________ (Updated at 1251pm) Markets have recovered from early morning losses and are now flat, albiet with little volatility in a narrow range. The Sensex had touched a low of 16,160 in morning trades, and is now flat at 16,361. The Nifty is up 17 points at 4,899. The BSE mid-cap and small-cap indices have out performed. The mid-cap index has jumped 1.6% while the small-cap index has gained 2.5% in noon trades. Grasim has gained 2.6% at Rs 2,663. Reliance Infrastructure and Tata Steel have added 1.7% each to Rs 1,053 and Rs 579, respectively. Wipro and Sun Pharma have advanced 1.6% each. Sterlite has moved up 1.5% to Rs 764. Jaiprakash Associates, DLF, ICICI Bank and Reliance Communication have also added over 1% each. However Hindustan Unilever has continued to show weakness and is now down 2.6% at Rs 238. IT major, Infosys has dropped 2.5% to Rs 2,416. SBI and Tata Power have declined around 1% each. The market breadth continues to be positive. Out of 2,738 stcoks traded, 2,065 have advanced while 612 have declined.


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