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Tuesday, January 03, 2012
Markets end with significant gains; Sensex up 421 points
The uptrend continued on the Dalal Street for the second day triggered by positive global cues. The Sensex ended 421 points higher and the Nifty up 129 points.
Headlines for the day
Network18 Media, TV18 Broadcast hit 20% upper circuit
DLF rallies as China’s HNA in race to buy Aman Resorts
Bajaj Auto launches four-wheeler RE60
No hike in petrol prices; OMCs down
DoT questions TDSAT jurisdiction over telcos 3G plea
Sensex, Nifty attain highest closing level in more than one week
Key benchmark indices advanced for the second day in a row to scale their highest closing level in more than one-week on firm global stocks. The government's decision on Sunday, 1 January 2012, to allow qualified foreign investors to invest directly in local equities, underpinned sentiment. The barometer index, BSE Sensex, jumped 421.44 points or 2.72%, up about 299 points from the day's low and off close to 31 points from the day's high. The market breadth was strong.
The Sensex has risen 484 points or 3.13% in two trading sessions from a recent low of 15,454.92 on Friday, 30 December 2011. The Sensex lost 668.54 points or 4.14% in December 2011. The barometer index slumped 5,054.17 points or 24.64% in calendar 2011. From a 52-week high of 20,664.80 on 3 January 2011, the Sensex has lost 4725 points or 22.87%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 803 points or 5.31%.
Reliance to invest in TV18 group
Reliance Industries is embarking on a major diversification into the media and entertainment sector with the Mukesh Ambani firm agreeing to fund a transaction that will result in a sizeable stake for itself in a company controlling two of the industry's largest businesses, the Network18 Group and the Eenadu Group of channels run by the Hyderabad-based Ramoji Rao.
Read more on Economic Times
Monday, January 02, 2012
Sensex manages slim gains...Autos, FMCG slip
The first trading session on Dalal Street finished on a positive note, kicking off the new year in green territory after clocking hefty losses last year. The Indian markets opened on a rather subdued note before climbing to a day's high in early morning trade. However, they retreated to day's low in early afternoon before recovering again, tracking positive cues from the European markets. One should bear in mind the fact that the advance today came on light trading volumes as many participants were enjoying extended new year holidays. The depth was also missing due to lower participation in the equity markets.
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