DB Corp
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Thursday, January 26, 2012
Market ends F&O expiry day with modest gains
The Indian markets carried previous session’s gains in today’s trade and closed the session with modest gains. The Sensex up 81 points and the Nifty up 31 points.
Headlines for the day
Kale Consultants soars on buyback plan
Biocon Q3 consolidated net profit falls 16%
Patni Computer hits 52-week high after Q4 numbers
Union Bank declines on drop in Q3 net profit
BSE Mid-Cap, Small-Cap indices advance over 1% each
Key benchmark indices edged higher for the second straight day as data showing resumption of buying by foreign funds on Tuesday, 24 January 2012, boosted investor sentiment. The barometer index, BSE Sensex, settled above the psychological 17,000 level for the first time in more than 10 weeks. The 50-unit S&P CNX reached its highest closing level in more than 10-1/2 weeks. The Sensex advanced 81.41 points or 0.48%, up close to 60 points from the day's low and off about 55 points from the day's high. The market breadth, indicating the overall health of the market, was strong. BSE Mid-Cap and Small-Cap indices rose more than 1% each, outperforming the Sensex.
The Sensex advanced for the fifth day in a row today, 25 January 2012. From a recent low of 16,451.47 on 18 January 2012, the Sensex has jumped 625.71 points or 3.8% in five trading sessions. The Sensex has jumped 1,622.26 points or 10.49% so far in this month. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,733.96 points or 13.8%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,941.32 points or 12.82%.
Wednesday, January 25, 2012
REC jumps on encouraging Q3 numbers
Rural Electrification Corporation jumped 7.35% at Rs 203 at 15:30 IST on BSE after net profit rose 15.87% to Rs 769.51 crore on 24.07% increase in total income to Rs 2699.12 crore in Q3 December 2011 over Q3 December 2010.
The result was announced during trading hours today, 25 January 2012.
Meanwhile, the BSE Sensex was up 70.88 points, or 0.42%, to 17,066.65.
On BSE, 8.12 lakh shares were traded in the counter as against an average daily volume of 3.83 lakh shares in the past one quarter.
Markets set for positive opening
The Indian markets may extend previous session’s rally in today’s trade led by gains in the Asian region. F&O expiry may lead to a volatile session
Headlines for the day
Power Grid board okays two projects worth Rs1,682 cr
Jaypee to launch open offer for Andhra Cements shares today
Cabinet gives final nod to Cairn-Vedanta deal
GMR withdraws Croatia airport bid, looks to Brazil
SBI may soften lending rates in select sectors
RBI asks govt to free diesel prices
Market may extend recent gains on firm Asian stocks
The market may extend recent strong gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 37 points at the opening bell. High volatility is expected on the bourses today as traders roll over positions in futures & options (F&O) segment from the near-month January 2012 series to February 2012 series. The near-month January 2012 F&O contracts expire today, 25 January 2012. The stock market remains closed tomorrow, 26 January 2012, on account of Republic Day.
Cairn India announced after market hours on Tuesday, 24 January 2012 that consolidated net profit rose 12.52% to Rs 2261.93 crore on 12.13% growth in total income to Rs 3510.58 crore in Q3 December 2011 over Q3 December 2010.
Subscribe to:
Posts (Atom)