Post Session-Sensex surges on firm global cues 29/12/2014

Post Session-Sensex surges on firm global cues
29/12/2014 15:45
The key domestic benchmarks advanced for a second session on the trot on Monday as the Sensex rallied by more than 150 points led by gains in metal and auto stocks tracking a firm trend in Asia and a record finish at Wall Street on Friday. China’s Shanghai Composite rose while Hang Seng surged after reports suggested that China’s central bank eased rules for calculation of deposits and reserve requirements, allowing lenders to make more loans to boost credit growth and help spur a revival in the world’s second biggest economy. However, Japan’s Nikkei 225 fell as a stronger yen curbed the demand for exporter stocks. Back home, the Sensex may trade side-ways this week as investors stick to a cautious approach with the year approaching a close and ahead of the HSBC Manufacturing PMI to be released on Friday.

The BSE SENSEX closed at 27,395.73, up by 153.95 points or by 0.57 per cent, and then NSE Nifty ended at 8,245.85, up by 45.15 points or by 0.55 per cent.

Post Session- Profit booking drags down Sensex 25/11/2014

Post Session- Profit booking drags down Sensex
25/11/2014 16:29
The key domestic benchmarks ended lower today as the Sensex retreated by over 160 points led by losses in realty and FMCG stocks amid profit booking by investors after Dalal Street hit record highs for two straight sessions. Moreover, a SEBI crackdown on participatory notes (P-Notes), a popular investment product used by foreign investors also weighed on sentiment as the capital market regulator said that it is changing the rules for offshore derivative instruments to bring them in line with new foreign investment norms. Further, caution remained ahead of Q2 GDP numbers due to be released later in the week which may show a slowdown in economic growth, and ahead of the expiry of November F&O contracts on Thursday.

Most Asian stocks closed higher as investors continued to cheer the surprise interest rate cut by Beijing which is expected to help stem a lingering slowdown in the world’s second biggest economy. China’s Shanghai Composite surged on hopes of another interest rate cut on the back of the one undertaken last week while Hang Seng ended lower and Japan’s Nikkei 225 advanced as the Bank of Japan pledged its commitment to achieving the 2 per cent inflation target.

The BSE SENSEX closed at 28,338.05, down by 161.49 points or by 0.57 per cent, and the NSE Nifty ended at 8,463.1, down by 67.05 points or by 0.79 per cent.

Post Session- Sensex treads water amid caution 07/10/2014

Post Session- Sensex treads water amid caution
07/10/2014 16:27
After a three-day trading holiday, Dalal Street began the week on a bearish note as the Sensex tumbled by more than 290 points dragged down by losses in metals and healthcare stocks as investors stuck to a cautious approach ahead of the Q2 earnings season which may signal the strength in Asia’s third biggest economy. IT bellwether Infosys will kick-off the July-September corporate earnings season as it will unveil its Q2 report card on Friday. Investors will also be eying the August IIP data this week. Fears of a quicker than expected US monetary tightening after upbeat US September jobs data also caused mayhem at Dalal Street as emerging markets braced for weaker foreign fund inflows. Investors cast aside robust India services PMI data which showed acceleration in the country’s non-manufacturing sector. The gauge measuring services in India climbed to 51.6 in September from 50.6 in the previous month, HSBC and Markit Economics reported on Tuesday. A reading above 50 signals expansion in services activity over the previous month.

On the Asian front, mainland markets in China remained closed due to national holidays while Hang Seng rose as protestors and officials agreed on formal talks, easing tensions. Japan’s Nikkei 225 fell as a stronger yen dimmed the appeal of exporter stocks after the Bank of Japan decided against boosting stimulus.

The BSE SENSEX closed at 26,271.97, down by 296.02 points or by 1.11 per cent, and the NSE Nifty ended at 7,852.4, down by 93.15 points or by 1.17 per cent.