Search   Advanced Search
LATEST NEWS
 
 
News
 Latest Headlines
 Quick Facts
 Breaking News
 Top Stories
 Feature Articles
 Politics
 US Policy
 General
 Commodities
 Canadian
 UK
 Indian
 Wallstreet Events
 US Economic News
 European Economic News
 Asian Economic News
 All Economic News
 FX Top Stories
 Currency Alerts
 Mkt Sensitive News
 Politics
 European Mkt Updates
 Asian Mkt Updates
 Treasury Mkt Updates
 Pop
 Rock
 Classic Rock
 Rap/Hip-Hop
 Country
 Alternative
 Oldies
 Movie Reviews
 DVD Releases
 Box Office
 Slide Shows
 Business News
Commentary/Analysis
 Daily Market Analysis
 US Market Updates
 US Commentary
 Asian Commentary
 European Commentary
 Canadian Commentary
 Indian Commentary
 Sector/Market Trends
Stock Alerts
 Stocks To Watch
 Long Term Stocks
 Before the Bell
 $5 and Under
 After the Bell
 Intraday Updates
 IPOs
 Hot Stocks
Earnings Calendars
 Upcoming Earnings
 Latest Earnings
 Pos Pre Announcements
 Neg Pre Announcements
Corporate Calendars
 Stock Splits
 Stock Buybacks
 Dividends
 Conference Calls
 FDA Calendar
 Board Meetings
 Mergers & Acquisitions
Ratings Changes
 Upgrades
 Downgrades
 Coverage Initiations
 Coverage Reiterated
 All Videos
 Market Commentary
 Top Stories
 Economic News
 Political News
 Foreign Markets
 Corporate News
 Entertainment News
 Top Stories
 Earnings
 Mergers & Acquisitions
 Market Commentary
 Economic News
 IPOs and New Issues
 Corporate News
 Forex News
 Interviews
 Private Equity
Economic Calendar
RTT DeskAlert
  Trading Center
Asian Economic News
Indian Market Ends Volatile Session Higher
7/1/2009 7:30 AM ET
TOP MARKET NEWS
Stocks Close Mostly Lower Amid Disappointing Quarterly Results - U.S. Commentary
Stocks Remain Stuck In The Red In Mid-Afternoon Trading - U.S Commentary
Stocks Posting Moderate Losses In Early Afternoon Trading - U.S. Commentary
New Guidelines Recommend Women Wait Until 21 For Cervical Cancer Screening
Stocks Seeing Further Downside In Late Morning Trading - U.S. Commentary
Featured Broker
(RTTNews) -  Wednesday, the Indian market ended a highly volatile session notably higher, as encouraging Markit Economics' Purchasing Managers' report on the manufacturing sector more than offset dismal May export data.

The Markit Purchasing Managers' Index (PMI) based on a survey of 500 companies, witnessed a little bit of slowdown in June from the previous month, but it stayed above the threshold of 50 that separates expansion from contraction. The new orders index fell slightly to 55.3 in June from 55.7 in May, well above the trough of 44.4 that it hit in December 2008. On the other hand exports from India fell for the eight straight month. Exports dropped 29.2% to $11.01 billion in May from $15.55 billion in the same month last year.

While firm global cues helped in the recovery after a 2% loss in the previous session, continued profit taking ahead of the announcement of budget early next week restricted big gains.

After opening modestly higher, the BSE Sensex fell to a low of 14,356 before rising to a high of 14,727 in the afternoon. Since then, the index pared most of its gains and finished at 14,645, up 152 points or 1.05% from its previous close. Likewise, the S&P CNX Nifty rose 50 points or 1.16% to 4,341 and the BSE small-cap index edged up 0.30%, while the broad-based BSE 500 index and the mid-cap index advanced over 1% each.

On the BSE, the market breath was slightly negative, as decliners outnumbered advancers by 1339 to 1255, with 79 stocks closing unchanged. Sector-wise, the benchmark for realty stocks, the realty index jumped over 4%, outperforming the broader market.
Among individual stocks, DLF jumped 4.76%, Mahindra & Mahindra rallied 3.16% and Reliance Infrastructure, Reliance Communication, Tata Motors, Bharti Airtel, Sun Pharma, SBI and Hindustan Unilever ended up over 2% each. On the other hand, Hindalco, ONGC, ACC, Tata Power and Grasim ended in the red.

State Bank of India rose 2.17% after it introduced two special home-loan schemes on Tuesday to lure home buyers. TCS rose 0.68%, Wipro edged up 0.21% and Infosys gained 1.11% amid reports that they are eying contracts worth Rs.2,000 crore from the Indian Air Force and the Army.

United Spirits closed up 0.14% on reports that it is looking to raise funds worth $250-$300 million through a private placement to private equity giants Blackstone, KKR and Capital International.

DLF rallied nearly 5% on reports that hedge fund DE Shaw and Co.'s proposed exit from family-owned DLF Assets could hit a roadblock with the Reserve Bank of India. Ispat Industries soared 7.11% despite reporting a Rs.38.39 crore net loss for the quarter ended March from Rs.48.89 crore profit in the corresponding period last year.

 1   2   Next Page 

Email        Print        


More Asian Market News-Asia

62  Asian Markets End In Negative Territory On Economic Concerns
61  Short-covering Lifts Indian Market
60  Japanese Stock Market Ends In Negative Territory; Tech Stocks Slip
59  Profit Taking, Weak US Cues Drag Australian Market Lower
58  Indian Market Down In Early Trading
57  Asian Markets Exhibit Weakness On Wall Street Lead, Economic Concerns
56  Indian Market May Extend Losses
55  South Korean Market Trades Weak
54  Soft Opening Expected For Thai Shares
53  Japanese Market Trades Weak On Wall Street Cues, Stronger Yen
52  Jakarta Stocks May Extend Decline
51  Australian Market Declines On Wall Street Cues; Banks, Materials Stocks Fall
50  Hang Seng Poised To Extend Losses
49  Win Streak May End For China Shares
48  Losses May Accelerate For Taiwan Stocks
  

 

Copyright © 2009 RTTNews. All rights reserved. By using this site, you agree to the Terms of Service.

Feedback| Terms of Service | How To Use RTTNews.com| Advertise| Buy Content | RSS