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23 October 2008

Inflation Cools to 11.07 percent; Other Corp Stories

Inflation rate declines to 11.07% Inflation at 11.07 per cent
The wholesale price index rose to 11.07 percent in the 12 months to Oct. 11, below the previous week's annual rise of 11.44 percent, government data showed on Thursday.

The rate was also below a median forecast
of 11.35 percent in a Reuters poll of analysts. Inflation for the week ended Aug. 16 was revised up to 12.82 percent from 12.40 percent. The annual inflation rate was 3.07 percent during the corresponding week of the previous year. The wholesale price index is more closely watched than the consumer price index, which is published monthly, because it covers a higher number of products and is released weekly. Meanwhile, the Finance Minister has assured that the fall in crude prices and the fall in commodity prices will be beneficial for the reducing the headline inflation. He agreed that at present the inflation rate was rather high but he is seeing moderation in the near future.
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Rupee at record low, seen testing 50 per dollar
What ails the Indian Rupee?
10 evergreen stocks to invest in
RBI survey projects 7.7% GDP growth
Don't sell stocks in panic: FM
S&P revises Tata Steel UK ratings

Obama views India's moon mission as a challenge
Moody's is 'negative' on Tata Steel's outlook
RBI eases ECB access for companies
SEBI asks FIIs to reverse shorts; Nifty regains 3000
No approach from Chevron on unit stake: Reliance

SEBI unhappy over FII short selling
Rupee dips 55 paise to new low of 49.85
It's worst ever October for markets in 29 years
SEBI tells FIIs not to lend stocks abroad
SEBI plans to review direct market access facility rules

Sensex ends nearly 400 pts down on weak global sentiment
SEBI told FIIs don't lend stocks abroad: FM
Inflation rate declines to 11.07%
ICICI Bank hikes home loan rates by 1% for new borrowers
RBI geared up to take steps to contain excess volatility in financial market
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Deadpresident Blog updates

Eveninger - Oct 23 2008
Nifty October 2008 futures below 3000
My Portfolio - Oct 23 2008
Idea Cellular
BSE Bulk Deals to Watch - Oct 23 2008
NSE Bulk Deals to Watch - Oct 23 2008
United Spirits Ltd
Sensex ends at 2 year low
Post Session Commentary - Oct 23 2008

Auto, metal shares lead 398-point Sensex slide
Pre Session Commentary - Oct 23 2008
Market to extend losses
Cautious guidance hammers US stocks

HT Media, SAIL
Real Crisis for real estate employees
TCS, Wipro, Bank of India, Jindal Saw, Indian Hote...
Reliance Infrastructure

NIIT, KPIT, IHCL, Opto Circuit, Shree Cement
Hero Honda,Hindustan Zinc,Jaiprakash Associates,PF...
Idea Cellular, Hero Honda, PFC, Hindustan Zinc, Ja...
Tech Mahindra Ltd, Wipro Ltd, Hindustan Zinc Ltd, ...
Ratnamani Metals, Sasken Communications, Hero Hond...
United Spirits
Indian Bank
Aluminium Sector

Source:ET,Sify, BS,BL, Deadpresident and etc

Results: RIL,Sterlite,GAIL,ACC,Grasim,PunjLloyd,Voltas,DrReddy, SesaGoa etc

New lows for Sensex,Nifty; Nifty below 3000 first Since July 2006

Market fails to hold; Nifty ends below 3000
Sensex tumbles below 10K
Markets tumble; Sensex ends below 9,800pts

Equities failed to sustain the recovery midway through on Thursday’s trade after SEBI asked foreign funds to cover their short sales and ended with huge losses Thursday.

The rebound was set off by short covering and supported by a sharp drop in inflation. However, the mounting negative sentiments across the global markets, meltdown in commodities and proved too strong to ignore. Indices opened with a sharp cut of over 5 per cent, in line with fall in global markets. The fall was led by metal scrips which were under pressure due to steep correction in international commodities prices. But bargain buying at lower levels helped recover partial losses. India’s annual inflation rate eased to 11.07 per cent in the week to Oct 11 from 11.44 per cent a week earlier. But the real trigger came after Finance Minister P Chidambaram said SEBI had directed foreign institutional investors to reverse their short sales. “SEBI has told them (FIIs) that it disapproves of lending to offshore entities, and asked them to reverse those transactions. I am told that those transactions are likely to be reversed over the next few days,” the minister said. This led to a strong recovery in the markets and the indices, which were down more than 3 per cent, soon made it to positive territory. But the euphoria didn’t last long and all the gains were wiped off.

Bombay Stock Exchange’s Sensex closed at 9,771.70, down 398.20 points or 3.92 per cent from Wednesday’s close. It touched a low of 9,681.28 and high of 10,260.55 intraday. National Stock Exchange’s Nifty ended at 2,951 down 3.98 per cent or 122 points. The index touched a high of 3,085.10 and a low of 2,917.15.

Second rung stocks were not spared either. BSE Midcap Index closed 3.2 per cent lower and BSE Smallcap Index declined 3.55 per cent.

“There is no word on restoring of short positions by the SEBI, except for their disapproval. If it indeed imposes a ban on short-selling by FIIs, there would be some sort of short covering. Our market is under pressure because there is selling all over the world. Eventually, a particular stock or the market as a whole would be evaluated on its fundamentals,” said Manish Sonthalia, vice president, equity research at Motilal Oswal. Rahul Sanghvi, Institutional Sales, Kantilal Chaganlal Securities, said, “FIIs can sell anything they have to but should avoid stock borrowing and lending practice outside the Indian jurisdiction. The fight between bulls and bears must be within the boxing ring. Investor confidence needs to be propped up and SEBI should publish more elaborate data on P-notes lending and borrowing activity.” India’s oil major, Reliance Industries posted 7.42 per cent rise in net profit of Rs 4,122 crore for the quarter ended Sep 30, 2008 compared to Rs 3837 crore in the same quarter previous year, beating analyst forecasts, helped by stronger than expected refining margins. Total income increased to Rs 44,938 crore in the September quarter from Rs 32,211 crore a year ago. The company’s refining margins for the quarter were $13.4 a barrel television news channels reported, well above the benchmark Asian Dubai crack margin, which averaged about $5.8 a barrel in the period. Shares of Reliance Industries slumped 7.62 per cent to close at Rs 1215.25 in a weak market. Grasim Industries (4.74%), BHEL (2.74%), ONGC (1.94%), Larsen & Toubro (2.43%) HDFC Bank (2.23%) and TCS (0.2%) ended higher. Tata Steel (-14.85%) suffered the sharpest cut. Losses in Tata Motors (-14.57%), Hindalco Industries (-13.10%), Ranbaxy Laboratories (-10.94%) and Mahindra & Mahindra (-9.77%) pulled down the indices. The four-day slide in metals gathered pace on recession fears. Copper and aluminium tumbled to their lowest in almost three years on Wednesday. Gloomy demand prospects and gains in the dollar to a two-year high have knocked commodities, many of which have collapsed since hitting record highs earlier this year, which in turn, dragged down the entire metal pack. BSE Metal Index closed 11.08 per cent lower. Market breadth on BSE was extremely weak, with 1908 declines and 622 advances.

Source:ET,SIfy. ,BS

22 October 2008

Results:TCS,Wipro,RelInfra,Bank of India,Yes Bk, IDFC,Neyveli etc

Tata Consultancy Q2 net up 1.2%, lags forecast
TCS net up 1.5% y-o-y to Rs 1,271 cr
Wipro net profit rises 9% QoQ
Educomp Solutions Q2 net profit jumps 86% YoY
Reliance Q2 net seen up 2 pc; ONGC up 26 pc

Piramal Healthcare Q2 falls by 14% YoY
Max India Q2 net dips 31 pc
BOI Q2 net profit jumps 79% YoY
Yes Bank Q2 net profit grows 40% YoY

SKF India Q2 net down by 14%
Sono Koyo Steering reports Rs 7.32 loss in Q2 IDFC Q2 net down 17.25%
Reliance Power Q2 net at Rs 47.20 cr
Piramal Healthcare PAT down at Rs 69.44 cr
GNFC Q2 net dips 34% at Rs 79 cr Bajaj Auto Finance Q2 net up 21% at Rs 4 cr

Reliance Infra Q2 net up 15.55%
Max India net drops
Bank of India Q2 net up 79.40% at Rs 762.85 cr
Yes Bank Q2 net up at Rs 63.60 cr
TCS Q2 US GAAP PAT up 1.5% at Rs 1262 cr

Cipla Q2 net profit at Rs 151 cr
Reliance Infra Q2 net profit up 15.2% at Rs 288.9 cr

Neyveli Lignite Q2 net profit at Rs 188.4 cr
Bajaj Finserv Q2 net profit at Rs 14.2 cr
Transformers and Rectifiers Q2 PAT at Rs 12.7 cr
Jindal Saw Q3 PAT up at Rs 100.1 cr
IDFC Q2 cons net profit up at Rs 232.27 cr

AIA Engg Q2 cons net profit at Rs 44.42 cr
Cadila Q2 cons net profit at Rs 94.9 cr
Century Textiles Q2 net profit at Rs 28.5 cr
Oriental Bank Q2 net profit at Rs 237 cr
Gillette Q2 standalone net profit at Rs 20 cr

Kirloskar Oil Q2 net profit at Rs 27.4 cr
Coromandel Fert Q2 net profit up at Rs 181 cr
Yes Bank Q2 standalone net profit at Rs 63.6 cr
Educomp Q2 standalone net profit at Rs 25.4 cr
Blue Dart Q3 net profit at Rs 13.6 cr

Bank Of India Q2 net profit at Rs 762.86 cr
Transformers & Rectifiers India net profit rises 56.60% in the September 2008 quarter
Harrisons Malayalam net profit rises 234.84% in the September 2008 quarter
Core Projects & Technologies net profit rises 81.08% in the September 2008 quarter
Infrastructure Development Finance Company net profit rises 17.27% in the September 2008 quarter
Yes Bank net profit rises 40.50% in the September 2008 quarter

Bank of India net profit rises 79.38% in the September 2008 quarter
Pantaloon Retail (India) net profit rises 21.86% in the September 2008 quarter

Source:ET, BL, CapitalMkt, Indiaearnings etc

Sometimes we published results of the same company from different websites. THese may have different from one other.. Some websites may have posted consolidated results. So only we have given all the results related to that company. If you want to more clarification on this results, you may get these results at NSEIndia.com..

Sensex (-514),Nifty (-169) pts lower on weak global sentiments

Nifty ends 5% lower on weak global sentiments

Weakness in global markets and lack of investor confidence saw the Indian stock market benchmarks wipe off gains made in last two trading sessions on Wednesday. Markets opened sharply lower, in line with the Asian peers, on concerns of global economic slowdown. Losses widened as the session progressed and indices spiralled lower. There was dearth of buyers and investors chose to remain on sidelines. Expectations of further cooling in inflation rate failed to cheer the market. Inflation rate for the week ended Oct 11 is seen at 11.35 per cent, lower from 11.44 per cent previous week. “All the major global markets were down and we followed suit. There was hardly any buying in today’s trade and foreign investors as well as domestic funds were seen on sell side. There is still some pain left, as market has not yet seen the bottom,” said Sarfaraz Vakil, associate vice president, India Infoline.

Bombay Stock Exchange’s Sensex ended at 10,169.90, down 513.49 points or 4.81 per cent from Tuesday’s close. The index touched a low of 10,128.22 and high of 10,484.85. National Stock Exchange’s Nifty closed at 3065.15, down 5.25 per cent or 169.75 points. The broader index touched a low of 3051.80 and a high of 3235.75.

BSE Midcap Index closed 2.7 per cent lower and BSE Smallcap Index declined 2.02 per cent. Among frontline stocks, Tata Steel (-12.04%), Sterlite Industries (-10.04%), Reliance Communications (-8.79%), ICICI Bank (10.04%), Jaiprakash Associates (-7.88%) and Tata Motors (-7.87%) were the worst hit. ITC (1.04%) and Hindustan Unilever (0.5%) were the only gainers in the 30-share index. Market breadth remained weak through the day, with 1,733 declines and 778 advances on BSE. “Market is lacking confidence and sentiment is extremely bearish at the moment. No one wants to be caught on the wrong foot,” added Vakil. Amongst the sectoral indices, BSE Metal Index fell 7.90 per cent as global commodities prices were headed downwards. Realty stocks were hammered despite reports that banks were planning to cut home loan rates by about 50 basis points after RBI cut the repo rate on Monday. BSE Realty Index closed 7.57 per cent lower. The flooding of banking system with liquidity didn’t prevent banking stocks from falling. BSE Bankex closed 5.78 per cent lower on bearish sentiments. Traders took positions in defensive stocks, which saw the BSE FMCG Index end 0.62 per cent higher.
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Nifty Oct futures in discount, Tata Steel slumps 14%
Equities end sharply lower; Sensex down 500 pts
Selling pressure intensifies; Nifty down 5%
----------------------------------------
Other Headlines:
Tata Consultancy Q2 net up 1.2%, lags forecast
7 PSU banks to be recapitalised
Wipro net profit rises 9% QoQ; near-term outlook cautious
Re hits record low, RBI intervenes
Moody's downgrades Tata Steel's outlook to negative

Areva T&D bags Rs 221 cr order from SAIL
Chandrayaan-I to help generate comprehensive moon maps
India plans to send two men to space by 2015
India set to make space in elite club

Source:ET etc

Special: Chandrayaan 1- India's first moon mission

Special: Chandrayaan 1- India's first moon mission

Chandrayaan to carry NASA instruments India's maiden moon mission, Chandrayaan-1, will carry two instruments from the American space agency NASA.

India's first moon mission is world's 68th Chandrayaan-, that lifts off from Sriharikota, is India's first and the world's 68th mission to the moon.

Chandrayaan-1 and PSLV-C11 In Pics: Chandrayaan-1 and PSLV-C11
Chandrayaan-1 embarks on 2-year moon mission If things go as planned,Chandrayaan-1, embarks on a two-year mission seeking to throw more light on earth's only natural satellite.

Indian space launches in the past The Chandrayaan moon mission will be the 27th by the Indian Space Research Organisation.

Mission moon: Dream Team Here is the list of team members of India's first unmanned Moon mission Chandrayaan-I.

Lunar mission to boost India in Asian space race India's space programme takes a giant leap with the launch of its first lunar mission that marks promotion in the field of regional powerhouses.

-------------------------------------------
Chandrayaan-1 takes off successfully
Chandrayaan to carry NASA instruments
Chandrayaan-1 to carry instruments from NASA on moon
India readies 1st moon mission in Asian space race
Exclusive: Why moon? Ex-ISRO chief explains
30 Minutes: A mission 10 years in the making
Water there? Chandrayaan to find out
Over the moon? Wish Team Chandrayaan

PERFECT LAUNCH FOR CHANDRAYAAN
Agencies
India's first unmanned flight to the moon blasted off from Sriharikota, off the Andhra Pradesh coast, early morning on Wednesday. The launch was perfect and the space vehicle is going in the right direction.

India has made history against all odds: ISRO chief
Indian on moon? Pics Moon mission facts

Chandrayaan-1 placed in transfer orbit
India's first unmanned rocket to the moon has been successfully placed in its orbit. It will complete the remaining journey in 15 days.
Moon mission facts Launch chronology In pics: Moon through surfers' eyes Perfect launch against all odds: ISRO chief NASA returns to moon with Chandrayaan President congratulates ISRO Leave a message on the moon India's first moon mission is world's 68thWorld's 1st moon mission was by the then USSR.

A remarkable journey: With the launch of its first unmanned mission, Chandrayaan-1, to the moon, India is on the threshold of history as it establishes itself as a major space power in the world. (Picture courtesy: NASA)

Chandrayaan-I launched successfully
Chandrayaan mission will help country economically: Kalam
WelCome to Chandrayaan official page of ISRO.

Source:All webs from the World....

21 October 2008

Results: SAIL, JPAsso, Zee, Ibulls, LICHsg, PFC etc

SAIL Q2 net up 18% at Rs 2,010 cr

State-run Steel Authority of India today said its net profit for the second quarter ended September 30 stood at Rs 2,009.60 crore, a 18.19 per cent growth over the corresponding period a year-ago. The firm had a net profit of Rs 1,700.24 crore in the September quarter of FY'08, SAIL said in a filing to the Bombay Stock Exchange. The total income rose 34 per cent to Rs 1,2660.99 crore in the reviewed quarter, from Rs 9,467.75 crore in the year-ago period. For the six month ended September 30, the company reported a net profit of Rs 3,644.79 crore, a 13 per cent growth over the corresponding year-ago period. The company had a net profit of Rs 3,225.36 crore in the September quarter of last fiscal. The net sales increased to Rs 25,727.73 crore during the six months, from Rs 19,270.08 crore in the year ago period. Shares of SAIL were trading at Rs 105.85, down 1.85 per cent on the BSE.

Jaiprakash Associates Q2 net up 96% at Rs 203 cr

Infrastructure firm Jaiprakash Associates today announced a net profit of Rs 203.13 crore for the second quarter ended September 30, a 96.03 per cent growth over the corresponding period a year-ago.

The company had a net profit of Rs 103.62 crore in the second quarter of FY08, Jaiprakash Associates said in a filing to the Bombay Stock Exchange.
Jaiprakash Associates also declared the first interim dividend of 30 paise. The company would also raise about Rs 1,800 crore through right issue to meets its fund requirements.
The total income rose to Rs 1,286.63 crore in the quarter under review, from Rs 922.20 crore in the same period last year.
For six months ending September 30, the company reported a net profit of Rs 330.39 crore, a 35.70 per cent rise over the year ago-period.
The company had a net profit of Rs 243.46 crore in the corresponding period last fiscal.
The total income of the company increased to Rs 2,472.76 crore in the six-month period, from Rs 1,926.79 crore.
Shares of Jaiprakash Associates were trading at Rs 77.05, up 13.81 per cent in the morning trade on the BSE.

Other Results:

RNRL net up 5 pc at Rs 20.10 cr
Hero Honda net up 50 pc at Rs 306 cr
NIIT PAT up 41 pc at Rs 29.7 cr

Zee Entertainment Q2 PAT up 84 pc at Rs 178 cr
Idea Cellular slumps 11% on disappointing Q2
MindTree's Q2 revenues grows 40.6 per cent

Crompton Greaves Q2 net profit jumps 24% YoY

Canara Bank's Q2 net up by 32 per cent

Elecon Engineering Q2 net down 7 pc at Rs 16.01 cr

Marico posts Q2 net profit of Rs 45 cr

Tech Mahindra net up 66.7% y-o-y to Rs 303cr

SBBJ net rises 36% to Rs 179.37 crore

Allahabad Bank net dips 83% on high provision

Federal Bank Q2 net up 20%

JB Chemicals hits upper circuit on strong Q2 results
SAIL ends 2% lower as OPM falls 410 bps to 24.6%

Ashok Leyland Q2 net slips

Tech Mahindra Q2 net up 63% at Rs 296 cr

Hero Honda net up 50% at Rs 306 cr

NIIT PAT up 41% at Rs 29.7 cr

Polaris Software Q2 PAT up 89% at Rs 34.42 cr

Zee Entertainment Q2 net slips

Kpit Cummins Q2 net up 29%

LIC Housing Finance Q2 net up 16% at Rs 135 cr

Wockhardt Q2 net dips 43%

Marico Q2 net up 12% at Rs 47 cr

United Spirits Q2 net up 17% at Rs 94 cr

Indiabulls Financial Q2 net down at Rs 44.80 cr

Blue Dart Express net profit declines 21.95% in the September 2008 quarterSales rise 28.22% to Rs 265.79 crore

Bongaigaon Refinery & Petrochemicals reports net loss of Rs 81.15 crore in the September 2008 quarterBongaigaon Refinery & Petrochemicals reported net loss of Rs 81.15 crore in the quarter ended September 2008 as against net profit of Rs 113.23 crore during the previous quarter ended September 2007. Sales rose 57.78% to Rs 2182.38 crore in the quarter ended September 2008 as against Rs 1383.20 crore during the previous quarter ended September 2007.

Punjab Tractors net profit rises 178.47% in the September 2008 quarter

Net profit of Punjab Tractors rose 178.47% to Rs 27.29 crore in the quarter ended September 2008 as against Rs 9.80 crore during the previous quarter ended September 2007. Sales rose 48.85% to Rs 307.98 crore in the quarter ended September 2008 as against Rs 206.90 crore during the previous quarter ended September 2007.

Brigade Enterprises reports net profit of Rs 38.69 crore in the September 2008 quarter

Tata Sponge Iron net profit rises 308.30% in the September 2008 quarter

Hindustan Motors reports net loss of Rs 16.21 crore in the September 2008 quarter

Polaris Software Lab net profit rises 138.42% in the September 2008 quarterNet profit of Polaris Software Lab rose 138.42% to Rs 29.97 crore in the quarter ended September 2008 as against Rs 12.57 crore during the previous quarter ended September 2007. Sales rose 22.80% to Rs 290.33 crore in the quarter ended September 2008 as against Rs 236.43 crore during the previous quarter ended September 2007.

Power Finance Corporation net profit rises 16.69% in the September 2008 quarterNet profit of Power Finance Corporation rose 16.69% to Rs 329.33 crore in the quarter ended September 2008 as against Rs 282.22 crore during the previous quarter ended September 2007. Sales rose 29.12% to Rs 1584.98 crore in the quarter ended September 2008 as against Rs 1227.48 crore during the previous quarter ended September 2007

Ashok Leyland net profit declines 16.31% in the September 2008 quarter

Tech Mahindra net profit rises 63.68% in the September 2008 quarter

Wire & Wireless India reports net loss of Rs 25.77 crore in the September 2008 quarter

Manali Petrochemical net profit rises 71.20% in the September 2008 quarter

Hindustan Zinc net profit declines 17.88% in the September 2008 quarterNet profit of Hindustan Zinc declined 17.88% to Rs 959.51 crore in the quarter ended September 2008 as against Rs 1168.46 crore during the previous quarter ended September 2007. Sales declined 12.12% to Rs 1743.84 crore in the quarter ended September 2008 as against Rs 1984.28 crore during the previous quarter ended September 2007

Reliance Natural Resources net profit rises 4.85% in the September 2008 quarterNet profit of Reliance Natural Resources rose 4.85% to Rs 20.10 crore in the quarter ended September 2008 as against Rs 19.17 crore during the previous quarter ended September 2007. Sales rose 183.62% to Rs 33.24 crore in the quarter ended September 2008 as against Rs 11.72 crore during the previous quarter ended September 2007

Steel Authority of India net profit rises 18.20% in the September 2008 quarter

Hero Honda Motors net profit rises 49.90% in the September 2008 quarter

Crompton Greaves net profit rises 24.73% in the September 2008 quarter

Chennai Petroleum Corporation reports net loss of Rs 102.66 crore in the September 2008 quarter

Opto Circuits (India) net profit rises 35.75% in the September 2008 quarter

LIC Housing Finance net profit rises 16.07% in the September 2008 quarter

United Spirits net profit rises 17.06% in the September 2008 quarter

Geodesic net profit rises 124.64% in the September 2008 quarterSales rise 130.49% to Rs 119.37 crore

Jaiprakash Associates net profit rises 96.03% in the September 2008 quarterSales rise 37.12% to Rs 1182.60 crore

Power Finance Q2 Stan net profit at Rs 329.3 cr

Ashok Leyland Q2 Stan net profit at Rs 67.2 cr

Source:ET,Indiaearnings,CapitalMarket,BS,BL etc

Sensex ends 460 pts up as heavyweights post strong gains

Sensex ends 460 pts up as heavyweights post strong gains

The market opened on a high note this morning, shrugged off an early setback and gained in strength as the session progressed thanks to frenzied buying, mostly on short-covering, in several blue chip stocks. If the firm trend in US and Asian markets triggered a positive start, it was the market regulator SEBI's warning to foreign funds against overseas lending and borrowing of Indian stocks for going short in Indian markets that resulted in some hectic buying activity in afternoon trade.

The Apex bank had cut repo rate by 100 basis points yesterday afternoon and the move raised hopes of lower lending rates and buoyed up realty, capital goods, auto and consumer durables stocks today. Corporate results reported today turned out to be fairly good and this also had a positive impact on the sentiment.

The Sensex, which opened with a positive gap of over 200 points at 10,428.11 and raced to a high of 10,750.20 in afternoon trade, ended at 10,683.39 with a handsome gain of 460.30 points or 4.5%. The Nifty settled at 3234.90, around 20 points down from the day's high of 3254.85, with a gain of 112.10 points or 3.59%. The Sensex and Nifty had tumbled to 10,250.23 and 3117.35 respectively in early trade this morning.

BSE CD, the consumer durables index, was the biggest gainer today. It ended the day stronger by nearly 9%. The Realty barometer advanced by 8.32%. The Capital Goods index gained 5.48%.

Besides realty and capital goods stocks, information technology stocks were among the star performers today. BSE IT and Teck closed higher by 6.03% and 4.66% respectively.
Power, oil, metal and FMCG stocks recorded handsome gains. Mirroring their surge, the respective sectoral indices moved up by 3% - 4.5% today. The Bankex closed 2.57% up. PSU stocks bounced back after a setback and pharma stocks edged higher after remaining quite subdued in morning trade. BSE HC and PSU ended up by 1.33% and 1.04% respectively. The Auto index closed with a gain of 1.65%.

Hectic buying was seen at several counters in midcap and smallcap segments as well. While the midcap index advanced by 2.31%, the smallcap index gained a little over 2% today.
The market breadth was positive. Out of 2651 stocks traded on BSE, 1613 stocks closed with gains. 975 stocks posted losses and 63 stocks ended flat.

Among Sensex stocks, only Mahindra & Mahindra (down 2.1%) and Hindalco (down 1.65%) failed to make it to the positive territory today. From the Nifty index, Idea Cellular (down 12.8%) suffered a sharp loss due to weak quarterly results. Sun Pharmaceuticals lost a little over 4%. SAIL ended lower by 2.3%. Cipla lost 1.6% and BPCL, the other loser, eased by 0.7%.
Jaiprakash Associates (up 16.25% to Rs 78.70) spurted on strong quarterly results. Tata Consultancy Services rallied sharply in afternoon trade and finished with a sparkling gain of 12.85%. Reliance Communications vaulted 11.25%. Tata Steel recorded a hefty gain of 10.2%.
Satyam Computer Services (9.85%), Tata Power (9.6%), Sterlite Industries (8.6%), Larsen & Toubro (6.15%) and ACC (6.05%) closed on a high note.

Index heavyweight Reliance Industries posted a smart gain of 5.75%. Wipro firmed up by 5.65%. HDFC, Hindustan Unilever, DLF and Reliance Infrastructure gained 5% - 5.25%.
ICICI Bank and BHEL ended stronger by 4.9% and 4.4% respectively. Infosys Technologies (3.9%) and State Bank of India (3.85%) also finished with impressive gains. Maruti Suzuki, Bharti Airtel, ITC, Tata Motors, Grasim Industries and ONGC moved up by 1% - 3%. HDFC Bank, Ranbaxy Laboratories and NTPC closed with marginal gains.

Siemens, Suzlon Energy, HCL Technologies, Unitech, Reliance Petroleum and Cairn India gained 5.5% - 8.5% today. Reliance Power, ABB, Zee Entertainment and Hero Honda also closed with sharp gains.

Indiabulls Real Estate flared up by 27.65% to Rs 136.90 today. Educomp Solutions shot up by nearly 24%. IDFC vaulted 20.85%. HDIL recorded a hefty gain of 19.15%. Titan Industries (17.4%) spurted on strong results. Praj Industries, Divi's Laboratories, India Infoline, Tech Mahindra, Chambal Fertilizers, BGR Energy, Oracle Financial Services, Asian Paints and Nagarjuna Construction Company also rallied sharply and ended stronger by 9%-14% today.
Ruchi Soya, MindTree, Century Plywoods, Prism Cements, EID Parry, Mahindra Lifespace, Core Projects, State Trading Corporation, Kansai Nero, Jai Balaji Industries, PVP Ventures, Penland and Nava Bharat Ventures were some of the big gainers from the midcap index.

Source:Sify.com

Results:MIC,Akruti,KPIT, Mindtree,Indian Hotel etc

Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories

23 October 2008

Inflation Cools to 11.07 percent; Other Corp Stories

Results: RIL,Sterlite,GAIL,ACC,Grasim,PunjLloyd,Voltas,DrReddy, SesaGoa etc

New lows for Sensex,Nifty; Nifty below 3000 first Since July 2006

22 October 2008

Results:TCS,Wipro,RelInfra,Bank of India,Yes Bk, IDFC,Neyveli etc

Sensex (-514),Nifty (-169) pts lower on weak global sentiments

Special: Chandrayaan 1- India's first moon mission

21 October 2008

Results: SAIL, JPAsso, Zee, Ibulls, LICHsg, PFC etc

Sensex ends 460 pts up as heavyweights post strong gains

Results:MIC,Akruti,KPIT, Mindtree,Indian Hotel etc

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