Sensex up by another 160 points on firm global cues

The BSE benchmark sensex was up by 160 points in early trade today on buying in consumer durables, realty, banking, capital goods and metal stocks on firm global cues, coupled with the resumption of foreign capital inflows.

The BSE benchmark sensex resumed higher at 16,668.15 and shot up further to 16,774.12 before quoting at 16,716.75 at 1015 hours, a net gain of 159.52 points, or 0.96 per cent, from its previous close.

The National Stock Exchange's (NSE) 50-share Nifty Index was also up by 47.05 points, or 0.94 per cent, at 5,026.65 at 1015 hours.

The major gainers in early trade were Bharti Airtel (up 4.05 per cent), Hindalco Industries (2.79 per cent), Sun Pharma (2.49 per cent), Jindal Steel (2.25 per cent), NTPC (2.11 per cent), SBI (1.95 per cent) and Larsen (1.93 per cent).

Meanwhile, Asian stocks extended their recent gains on easing worries over the euro-zone debt crisis, following assurances from French and German leaders over the weekend that they will do everything necessary to support Europe's banks.

Hong Kong stocks led the gains in Asian markets in early trade today as financial shares surged after a state-backed investment fund boosted its holdings in some of China's biggest banks. The key benchmark indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan rose by between 0.72 per cent and 3.15 per cent.

Foreign institutional investors (FIIs) bought shares worth Rs 211.71 crore yesterday as per provisional figures from the stock exchanges.

Bombay Stock Exchange benchmark Sensex lost over 200 points today

The Bombay Stock Exchange benchmark Sensex lost over 200 points in early trade today in line with their Asian peers as prospects of a global recession continues to unnerve investors.

The 30-share index, which lost 704 points in yesterday's session, fell by 201 points to 16,159.20 in earlier trade today.  The wide-based National Stock Exchange Nifty index also plunged by 59 points to 4,864.43.

Brokers attributed the widespread losses to a massive sell-off by funds, influenced by the weak trend in global markets after the US Federal Reserve warned of significant downside risks to the American economy.

Alarm about the risk of another economic down turn, after the US Federal Reserve's dire forecast at its two-day policy meeting which finished on Wednesday, pushed world stocks to 13-month lows as investors shed risky assets from portfolios and scurried to safer havens.

Meanwhile, S&P 500 futures stabilized and were trading up 0.7 percent, though Asian stock markets looked set to extend their weakness with South Korea's KOSPI off 3.3 percent in early trading.

With Japanese markets shut on Friday for a public holiday, traders said investors looking to raise cash might do so by selling shares in Hong Kong, putting further pressure on the Hang Seng which has already lost 8 percent this week and is at a 26-month low.

Earlier on Thursday the Dow Jones industrial average dropped 391.01 points, or 3.51 percent, to 10,733.83. The Standard & Poor's 500 Index lost 37.20 points, or 3.19 percent, to 1,129.56. The Nasdaq Composite Index slid 82.52 points, or 3.25 percent, to 2,455.67.I

Bombay Stock Exchange benchmark Sensex lost over 200 points today

The Bombay Stock Exchange benchmark Sensex lost over 200 points in early trade today in line with their Asian peers as prospects of a global recession continues to unnerve investors.

The 30-share index, which lost 704 points in yesterday's session, fell by 201 points to 16,159.20 in earlier trade today. The wide-based National Stock Exchange Nifty index also plunged by 59 points to 4,864.43.

Brokers attributed the widespread losses to a massive sell-off by funds, influenced by the weak trend in global markets after the US Federal Reserve warned of significant downside risks to the American economy.

Alarm about the risk of another economic down turn, after the US Federal Reserve's dire forecast at its two-day policy meeting which finished on Wednesday, pushed world stocks to 13-month lows as investors shed risky assets from portfolios and scurried to safer havens.

Meanwhile, S&P 500 futures stabilized and were trading up 0.7 percent, though Asian stock markets looked set to extend their weakness with South Korea's KOSPI off 3.3 percent in early trading.

With Japanese markets shut on Friday for a public holiday, traders said investors looking to raise cash might do so by selling shares in Hong Kong, putting further pressure on the Hang Seng which has already lost 8 percent this week and is at a 26-month low.

Earlier on Thursday the Dow Jones industrial average dropped 391.01 points, or 3.51 percent, to 10,733.83. The Standard & Poor's 500 Index lost 37.20 points, or 3.19 percent, to 1,129.56. The Nasdaq Composite Index slid 82.52 points, or 3.25 percent, to 2,455.67.I

IT, FMCG lift Sensex up 70 points

The Bombay Stock Exchange benchmark Sensex continued to trade higher by over 70 points in the noon session today on bargain buying by funds and retail investors amid a mixed trend in the Asian markets.

At 12.35 p.m., the 30-share BSE index Sensex was up 70.33 points or 0.42 per cent at 16,801.27 and the 50-share NSE index Nifty was up 11.45 points or 0.23 per cent at 5,047.25.

Volume toppers during the session were SBI, ICICI Bank, Tata Steel, DLF and HDFC Bank. Major Sensex gainers were ITC, Infosys, HDFC, TCS, RIL, HDFC Bank and ONGC. Tata Motors, DLF and ICICI Bank were the major losers.

Among the sectoral indices, IT was up 1.4 per cent, FMCG 1.38 per cent, oil & gas 1.00 per cent and teck 0.95 per cent. Realty was down 4.38 per cent, auto 1.36 per cent, bankex 1.2 per cent and power 0.34 per cent. Of the total 2,665 stocks traded, 852 advanced, 1,701 declined and 112 remained unchanged.

During the opening session, the 30-share index, which lost nearly 400 points in the previous three sessions, rose 127.35 points or 0.76 per cent to 16,858.92.

Bargain buying by funds and retail investors and covering up of short positions by speculators led to the Sensex recovery.

Similarly, the broad-based National Stock Exchange Nifty index gained 37.3 points or 0.74 per cent to 5,073.10.

Sensex Market tanks 445 pts.

The markets took a big knock following a crash in global markets on fears of the world's largest economy—US seeing another recession despite the recent increase in debt limit.

Sensex maintained a loss of more than 400 points led by sell-off across the globe. All sectoral indices were under selling pressure. However, only ONGC and BPCL were in the green.A bout 17 shares were falling for every one share rising on National Stock Exchange.

Top losers were Sterlite Industries, Reliance Infrastructure, Jaiprakash Associates, M&M, TCS and HCL Tech, which lost 5-7% each.

Heavy weights like Infosys, RIL, ICICI bank are also trading weak. Market breadth was negative on the NSE with 2497 losers against 722 gainers.The Asian markets were plunged on renewed concerns of global economy coming to a stall. Nikkei 225 down 3.59 per cent, Hang Seng fell 4.75 per cent and Taiwan Weighted plunged 4.92 per cent.


However, BPCL and ONGC gained 1-2% on the back of fall in crude oil prices to USD 86 a barrel. HPCL shares rose by 2% at Rs. 403 with the gain of Rs. 11. BPCL and IOC are both up by 1% each at Rs. 699 and Rs. 333, respectively.

Investor sentiment has also been hammered by a lack of clear political leadership in both Europe and in Washington, and concern that governments and central banks are running out of fiscal and monetary ammunition to deal with the crises.

Nifty seen Lower, Banks, Tech Down

Indian markets were witnessing selling pressure, in line with other peers, as weak manufacturing data from the US spooked sentiments. Realty, banks and technology were the worst hit while pharmaceutical space was marginally higher.

Nikkei 225 was down 1.32 per cent, Hang Seng declined 0.69 per cent and Seoul Composite fell 2.38 per cent.

Well, looks like the euphoria over the US debt deal has given way to concerns about the health of the global economy. Manufacturing PMI reports from Australia to the US have shown continued moderation. Concerns have also surfaced over the adverse implications of the large spending cuts in the US on the world's largest economy. In addition, a possible downgrade of the US debt rating is still lurking.

At 10:15 AM; National Stock Exchange's Nifty was at 5461.85, down 54.95 points or 1 per cent. The broader index touched a high of 5496.30 and low of 5456.40 in trade so far.
US stocks reversed early gains to finish in the red. Across the Atlantic, European stocks suffered nasty cuts. Asian markets this morning are mostly lower. Nifty futures trading in Singapore are pointing to a weak start.

The trading for the rest of the day will hinge partly on global cues and partly on domestic factors. DLF, MMTC, Piramal Healthcare and Power Grid are among the few companies declaring their results today.

Meanwhile, the government is trying its best to convince all that there is no policy drift and that reforms are on track. The monsoon session will be a key test, as spate of crucial bills are slated for presentation.

Bombay Stock Exchange's Sensex was at 18120.06, down 194.27 points or 1.06 per cent. The 30-share index touched intraday low of 18118.30 and high of 18283.55.