India share market July 7 2009

Today, the share market ended with a positive note. On July 6, 2009, the Indian share market saw a massive downfall of indices after the Union Budget was declared. Today, the index went up 127 points.

The Sensex opened at 14,104 points and touched a low of 14,000 in the morning trade. It saw an intra-day high of 14,252 points. It then ended at 14,170 points. The fast moving consumer goods stocks led the gain today. However, the index showed a high volatility due to constant buying and selling of stocks.

In total, shares of 2,630 companies were traded today and out of them, share prices of 1,461 companies declined and 1,071 advanced.

Both the BSE Auto and FMCG indices gained around 4% to 4,635 and 2,401.

On the other hand, the Public Sector Undertaking (PSU) index lost 2% to 7,636.

Stocks whose prices went up are:

• ITC gained 7% to Rs. 211.
• Jaiprakash Associates surged around 7% to Rs 206.
• Hero Honda gained more than 5.5% at Rs. 1,437.
• Mahindra & Mahindra gained over 5.5% at Rs 750.
• Grasim gained around 5.5% to Rs 2,420.
• ACC advanced around 5.5% to Rs. 762.
• Share prices of Maruti and Bharti Airtel moved up 3.5-4.5% each at Rs 1,080 and Rs 811, respectively.
• Share prices of Larsen & Toubro, ICICI Bank, Reliance Infrastructure and TCS gained over 2% each.

Stocks who prices slipped are:

• Reliance share prices went down 2% to Rs. 1,855.
• ONGC share prices slipped 2% to Rs. 1,050.
• Share prices of Reliance Communications, Tata Motors, Infosys and SBI also went down at BSE.

The Nifty on the National Stock Exchange went up 0.88% to 4,202.15 points. It touched an intra-day high of 4,231.80 points and a low of 4,155.50 points.

Related articles:

The Economic Times

Business Standard

Indian share market weekly roundup (June 29- July 4)

This week, the Indian share market was in a volatile condition. Indices went up and down frequently althrough the week but did not see much gain compared to their last week’s closing. Investors are not taking too much risk as the general budget will be presented on June 6, 2009.

Sensex:

The 30-share Sensex at the Bombay Stock Exchange gained 1.01% or 148.41 points compared to its closing on June 26, 2009. It ended at 14,913.05 points.

The Sensex observed an intra-week high of 14,955.5 points and a low of 14,355.5 points.

Sensex did not see much change throughout the week. On June 29, Sensex fell 21 points following a rise of 191 points. It closed at 14,785.74 points.

On June 30, 2009 Sensex observed a steep downward slide which resulted into profit booking. It went down by 291 points and closed at 14,493.84 points. Compared to Monday’s closing, it was 1.97% low.

On July 1, 2009 Sensex saw some upward movement as traders bought stocks. Realty, energy and banking stocks were major gainers on Wednesday pushing the Sensex to 14,645.47 points. Compared to previous days closing, Sensex advanced 1.05% to 151.63 points.

On July 2, 2009, the Economic Survey 09 was presented at the parliament which proposed huge reform of the current system but it did not affect the sharemarket.

Sensex rose only 13 points to 14,694.31 points.

The BSE Midcap index gained 0.32% compared to its previous weekly close and the BSE Smallcap index went up 0.42%.

At BSE, major gainers of the week are:

Tata Steel…12.7%

ONGC……. 8.8 %

HDFC………6.2%

NTPC………4.8%

DLF ……….3.5%

Losers are:

Tata Motors…11.6%

ACC……….....3.8%

Hindalco……...3.3%

Hero Honda…..2.6%

ITC……………2.5%

Nifty:

On the other hand, Nifty of the National Stock Exchange gained 1.1% compared to its last week’s closing and ended at 4,424.25 points.

Nifty observed an intra-week high of 4,439.9 points and a low of 4,249.7 points.

On June 29, 2009, Nifty rose 0.35% at 4,390.95 points.

On June 30, 2009, Nifty also observed a downfall of 2.27% ending at 4,291.1 points.

Nifty gained 1.16% or 4,340.9 points on July 1, 2009.

On July 2, 2009, Nifty gained 0.18% to 4,348 points.

Foreign investors:

This week foreign investors bought stocks worth $387 million. In the previous week they bought shares worth $518.5 million.

Related articles:

The Hindu

Central Chronicle

India share market June 25 2009

Poor weather today affected the Indian share market. For the first time in the last four years there will be below normal rainfall in the monsoon season. This will affect the country’s agricultural sector which could result into poor demand and high food prices. The profit booking is continuing and it is affecting the market. At the last hour of the trade, the market observed losses.

The Nifty index of the National Stock Exchange went down 51.1 points and closed at 4241.85 points; a drop of 1.19%. It observed an intra-day high of 4337.95 points and a low of 4221.15 points.

At NSE the major gainers are:

• Unitech 6.03%
• HDFC Bank 3.4%
• ICICI Bank 2.79%
• Grasim Industries 2.49%
• HCL Technologies 2.3%

Companies who observed losses at NSE are:

• Tata Motors 5.95%
• Cipla 4.38%
• Mahindra & Mahindra 3.22%
• HCL Technologies 3.19%
• Reliance Power 3.06%

At BSE, share prices of 1411 companies advanced and 1220 declined and 78 remained unchanged.

On the other hand, the Sensex of BSE went down 0.53% or 77.11 points at 14,345.62. It observed an intraday high of 14,578.46 points and low of 14,261.14 points. BSE Midcap Index went down 0.2% and BSE Smallcap Index dipped 0.45%.

BSE auto index fell 2.2%, BSE oil and gas index fell 2.1% and power index fell 1.4%. Tata and Escorts shares saw the biggest fall. Each of the companies share prices went down by more than 5%. Maruti Suzuki share prices went down 3.1% to Rs.1,026. Shares of Aban Offshore, Essar Oil and HPCL were big losers.

Realty and Banking stocks observed gains today at BSE. The BSE realty index rose 0.5% and banking index advanced 0.4%.

Related articles:

The Economic Times

Hindustan Times

NDTV Profit