SKUNG Group (2024)

18/07/2014

4:39 PM: Sensex ends 80 points up; IT stocks edge higher

After opening lower and languishing in negative territory till noon, the Indian stock market gained some strength to close on a positive note on Friday, thanks largely to some hectic buying in IT major Tata Consultancy Services, which reported impressive quarterly results.

The mood was cautious due to escalating geopolitical concerns following the crash of a Malaysian Airlines passenger jet in eastern Ukraine. Asian markets mostly closed weak and European market were lower as well, due to mounting worries about Ukraine and on tensions in the Middle East.

The BSE benchmark Sensex, which declined to 25,441.24 early on in the session, rallied to 25,713.40 past mid afternoon and eventually ended at 25,641.56, gaining 80.40 points or 0.31%. The Nifty index of the National Stock Exchange closed at 7663.90, recording a gain of 23.45 points or 0.31%. The Nifty touched a low of 7595.50 and a high of 7685 in the session.

18/07/2014

4:39 PM: Sensex ends 80 points up; IT stocks edge higher

After opening lower and languishing in negative territory till noon, the Indian stock market gained some strength to close on a positive note on Friday, thanks largely to some hectic buying in IT major Tata Consultancy Services, which reported impressive quarterly results.

The mood was cautious due to escalating geopolitical concerns following the crash of a Malaysian Airlines passenger jet in eastern Ukraine. Asian markets mostly closed weak and European market were lower as well, due to mounting worries about Ukraine and on tensions in the Middle East.

The BSE benchmark Sensex, which declined to 25,441.24 early on in the session, rallied to 25,713.40 past mid afternoon and eventually ended at 25,641.56, gaining 80.40 points or 0.31%. The Nifty index of the National Stock Exchange closed at 7663.90, recording a gain of 23.45 points or 0.31%. The Nifty touched a low of 7595.50 and a high of 7685 in the session.

18/07/2014

10:05 : The Indian benchmark was trading in red in the early session of day’s trade. Realty sector stocks were on the decline with Housing Development & Infrastructure leading the pack followed by Unitech, D B Realty, Sobha Developers and Indiabulls Real Estate. At 10:01AM BSE SENSEX was at 25503.54 down by -57.62 points or by -0.23 per cent and then NSE Nifty was at 7610.75 down by -29.7 points or by -0.39 per cent.

18/07/2014

10:05 : The Indian benchmark was trading in red in the early session of day’s trade. Realty sector stocks were on the decline with Housing Development & Infrastructure leading the pack followed by Unitech, D B Realty, Sobha Developers and Indiabulls Real Estate. At 10:01AM BSE SENSEX was at 25503.54 down by -57.62 points or by -0.23 per cent and then NSE Nifty was at 7610.75 down by -29.7 points or by -0.39 per cent.

18/07/2014

Tracking mixed cues from Asian peers, the domestic equity market is likely to open on weak on Friday. Even, Nifty India stock futures in Singapore were trading in negative terrain, signaling a flat to lower opening for the domestic bourses. On the global front, Asian peers were trading lower as investors took some breathe after recent strong rally. In overnight trading, Wall Street ended lower on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border. Back home, investors will keep an eye on stocks of India's largest software exporter TCS which has posted better-than-expected earnings for first quarter ended June.

18/07/2014

Tracking mixed cues from Asian peers, the domestic equity market is likely to open on weak on Friday. Even, Nifty India stock futures in Singapore were trading in negative terrain, signaling a flat to lower opening for the domestic bourses. On the global front, Asian peers were trading lower as investors took some breathe after recent strong rally. In overnight trading, Wall Street ended lower on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border. Back home, investors will keep an eye on stocks of India's largest software exporter TCS which has posted better-than-expected earnings for first quarter ended June.

17/07/2014

4:30 PM: Sensex ends flat after choppy ride

The Indian stock market ended flat on Thursday, after looking for direction right through the session, with investors staying wary of making significant moves.

With global cues too quite negative, the mood was quite cautious on the bourses amid slightly uncertainty about the outlook for the market after recent strong gains.

The BSE benchmark Sensex, which rose to 25,613.03 around mid afternoon, after having declined to 25,494.46 a little before noon, ended the day at 25,561.15, up 11.44 points or 0.04%. The Nifty index of the National Stock Exchange closed at 7640.45, gaining 16.05 points or 0.21%.

17/07/2014

4:30 PM: Sensex ends flat after choppy ride

The Indian stock market ended flat on Thursday, after looking for direction right through the session, with investors staying wary of making significant moves.

With global cues too quite negative, the mood was quite cautious on the bourses amid slightly uncertainty about the outlook for the market after recent strong gains.

The BSE benchmark Sensex, which rose to 25,613.03 around mid afternoon, after having declined to 25,494.46 a little before noon, ended the day at 25,561.15, up 11.44 points or 0.04%. The Nifty index of the National Stock Exchange closed at 7640.45, gaining 16.05 points or 0.21%.

17/07/2014

10:00am : Equity benchmarks remained rangebound with the Sensex rising 34.03 points to 25583.75 and the Nifty gaining 11.70 points to 7636.10 while the broader markets outperformed.
The BSE Midcap and Smallcap indices gained 0.8 percent each. About 1225 shares have advanced, 636 shares declined, and 65 shares are unchanged. Coal India, Sesa Sterlite, Cipla, Infosys, Wipro, Jindal Steel, Lupin and Grasim topped the buying list in Sensex, up 1-2 percent whereas M&M fell nearly 3 percent post large block deal 1.18 crore equity shares on BSE at Rs 1,161-1,172.70/share. ONGC, SBI, Axis Bank, Maruti Suzuki and BPCL declined 0.6-1 percent. IDFC lost 2.5 percent on profit booking after a 9 percent rally in previous session.

17/07/2014

10:00am : Equity benchmarks remained rangebound with the Sensex rising 34.03 points to 25583.75 and the Nifty gaining 11.70 points to 7636.10 while the broader markets outperformed.
The BSE Midcap and Smallcap indices gained 0.8 percent each. About 1225 shares have advanced, 636 shares declined, and 65 shares are unchanged. Coal India, Sesa Sterlite, Cipla, Infosys, Wipro, Jindal Steel, Lupin and Grasim topped the buying list in Sensex, up 1-2 percent whereas M&M fell nearly 3 percent post large block deal 1.18 crore equity shares on BSE at Rs 1,161-1,172.70/share. ONGC, SBI, Axis Bank, Maruti Suzuki and BPCL declined 0.6-1 percent. IDFC lost 2.5 percent on profit booking after a 9 percent rally in previous session.

17/07/2014

Tracking mixed cues from Asian peers, the domestic equity market is likely to open on a flat note on Thursday. Even, Nifty India stock futures in Singapore were trading marginally lower, signaling a flat opening for the domestic bourses. On the global front, Asian peers were trading mix to higher helped by gains in material and industrial shares. In overnight trading, Wall Street ended higher on the back of some fresh merger news and strong corporate earnings report. Back home, investors will keep an eye on corporate earnings results of India's largest software exporter TCS which will unveil its result today.

17/07/2014

Tracking mixed cues from Asian peers, the domestic equity market is likely to open on a flat note on Thursday. Even, Nifty India stock futures in Singapore were trading marginally lower, signaling a flat opening for the domestic bourses. On the global front, Asian peers were trading mix to higher helped by gains in material and industrial shares. In overnight trading, Wall Street ended higher on the back of some fresh merger news and strong corporate earnings report. Back home, investors will keep an eye on corporate earnings results of India's largest software exporter TCS which will unveil its result today.

16/07/2014

4:36 PM: The Indian stock market ended on a buoyant note for a second successive day as the bulls continued to bet on growth.

The RBI's move to relax certain restrictions on lenders for Infra and housing projects lifted sentiment.
Strong GDP data from China contributed as well.

The Sensex ended at 25,549.72, gaining 321.07 points or 1.27%.
The Nifty closed at 7639.20, up 112.55 points or 1.5%.

Bank and realty stocks had a pretty good outing.
Cement and infrastructure stocks posted strong gains.
Capital goods, power, automobile, oil and metal stocks rallied as well.
Select FMCG and pharma stocks posted notable gains.
IT and consumer durables stocks were subdued.

16/07/2014

4:36 PM: The Indian stock market ended on a buoyant note for a second successive day as the bulls continued to bet on growth.

The RBI's move to relax certain restrictions on lenders for Infra and housing projects lifted sentiment.
Strong GDP data from China contributed as well.

The Sensex ended at 25,549.72, gaining 321.07 points or 1.27%.
The Nifty closed at 7639.20, up 112.55 points or 1.5%.

Bank and realty stocks had a pretty good outing.
Cement and infrastructure stocks posted strong gains.
Capital goods, power, automobile, oil and metal stocks rallied as well.
Select FMCG and pharma stocks posted notable gains.
IT and consumer durables stocks were subdued.

16/07/2014

9:57 PM: Trading got off to a firm start on the Indian bourses this morning, with stocks from banking and realty sectors surging higher following the central bank easing certain conditions on banks to boost lending for infrastructure and housing sectors. A slightly positive trend in Asian markets too contributed to the higher start.

The BSE benchmarkSensex, which rose to 25,377.99, is currently up 101.75 points or 0.4% at 25,330.40. The Nifty index of the National Stock Exchange is up 31 points or 0.41% at 7557.65, after advancing to 7571.35 earlier.

Realty and bank stocks are up following the Reserve Bank of India's announcement that banks would not have to maintain cash reserve ratio or statutory liquidity ratio and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to housing and infrastructure sectors.

16/07/2014

9:57 PM: Trading got off to a firm start on the Indian bourses this morning, with stocks from banking and realty sectors surging higher following the central bank easing certain conditions on banks to boost lending for infrastructure and housing sectors. A slightly positive trend in Asian markets too contributed to the higher start.

The BSE benchmarkSensex, which rose to 25,377.99, is currently up 101.75 points or 0.4% at 25,330.40. The Nifty index of the National Stock Exchange is up 31 points or 0.41% at 7557.65, after advancing to 7571.35 earlier.

Realty and bank stocks are up following the Reserve Bank of India's announcement that banks would not have to maintain cash reserve ratio or statutory liquidity ratio and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to housing and infrastructure sectors.

16/07/2014

9:00 PM: The Indian stock market is likely to open on a firm note on Wednesday, extending previous session's gains.

The RBI's announcement that banks would not have to maintain cash reserve ratio or statutory liquidity ratio and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to housing and infrastructure sectors augurs well for the construction industry.

CMC, Federal Bank, Kotak Bank, Lakshmi Vilas Bank, Bajaj Finance and Bajaj Finserv will announce their quarterly results.

The market is likely to be a bit listless at times, but the undertone is likely to remain firm.

16/07/2014

9:00 PM: The Indian stock market is likely to open on a firm note on Wednesday, extending previous session's gains.

The RBI's announcement that banks would not have to maintain cash reserve ratio or statutory liquidity ratio and will not have to meet priority-sector lending targets for funds raised through bonds for extending credit to housing and infrastructure sectors augurs well for the construction industry.

CMC, Federal Bank, Kotak Bank, Lakshmi Vilas Bank, Bajaj Finance and Bajaj Finserv will announce their quarterly results.

The market is likely to be a bit listless at times, but the undertone is likely to remain firm.

15/07/2014

4:30 PM: Sensex spurts 222 pts; Rate sensitive stocks rally on lower inflation

The Sensex, which rose to 25,254.48 in late afternoon trade after seeing some choppy movements past noon, ended the day with a gain of 221.67 points or 0.89% at 25,228.65. The Nifty closed at 7526.65, slightly off the day's high of 7534.90, recording a gain of 72.50 points or 0.97%.

According to the data released by the government after trading hours on Monday, the annual rate of inflation based on the combined consumer price indices for urban and rural India eased to 7.31% in June 2014, from 8.28% in May 2014.

Meanwhile, the rate of inflation based on the combined consumer food price indices for urban and rural India eased to 7.97% in June 2014, from 9.56% in May 2014, the data showed.

15/07/2014

4:30 PM: Sensex spurts 222 pts; Rate sensitive stocks rally on lower inflation

The Sensex, which rose to 25,254.48 in late afternoon trade after seeing some choppy movements past noon, ended the day with a gain of 221.67 points or 0.89% at 25,228.65. The Nifty closed at 7526.65, slightly off the day's high of 7534.90, recording a gain of 72.50 points or 0.97%.

According to the data released by the government after trading hours on Monday, the annual rate of inflation based on the combined consumer price indices for urban and rural India eased to 7.31% in June 2014, from 8.28% in May 2014.

Meanwhile, the rate of inflation based on the combined consumer food price indices for urban and rural India eased to 7.97% in June 2014, from 9.56% in May 2014, the data showed.

15/07/2014

Mirroring positive cues from the global peers, the markets were trading firm with the Sensex above 200 points and Nifty up 62 points. Moreover, positive macro economic data bolstered the market sentiments. Further, buying interest was primarily observed in index heavyweights including ICICI Bank, ONGC, BHEL, LNT, State Bank of India and Axis Bank among others.

At 10:13 AM BSE SENSEX was at 25207.96 up by 200.98 points or by 0.8 per cent, while the NSE Nifty was at 7519.35, up by 65.2 points or by 0.87 per cent.

15/07/2014

Mirroring positive cues from the global peers, the markets were trading firm with the Sensex above 200 points and Nifty up 62 points. Moreover, positive macro economic data bolstered the market sentiments. Further, buying interest was primarily observed in index heavyweights including ICICI Bank, ONGC, BHEL, LNT, State Bank of India and Axis Bank among others.

At 10:13 AM BSE SENSEX was at 25207.96 up by 200.98 points or by 0.8 per cent, while the NSE Nifty was at 7519.35, up by 65.2 points or by 0.87 per cent.

15/07/2014

Tracking firm cues from Asian peers, the domestic equity market is likely to open on a positive note on Tuesday. The Asian stocks are trading on a upbeat note after Citigroup’s earnings top’s analyst estiames, indicating that earnings growth can sustain further gains in shares. Back home, investors will keep an eye on corporate earnings results which may set the direction for markets. However, uncertainty over General Anti-Avoidance Rules (GAAR) implementation may keep foreign investor away from market, who had remained bullish to Indian market in the recent past. Though, Minister of state for finance Nirmala Sitharaman has said that GAAR would become applicable from April 1, 2015, but some brokers were hoping that GAAR would be deferred to 2017, which may spooked the stock markets.

15/07/2014

Tracking firm cues from Asian peers, the domestic equity market is likely to open on a positive note on Tuesday. The Asian stocks are trading on a upbeat note after Citigroup’s earnings top’s analyst estiames, indicating that earnings growth can sustain further gains in shares. Back home, investors will keep an eye on corporate earnings results which may set the direction for markets. However, uncertainty over General Anti-Avoidance Rules (GAAR) implementation may keep foreign investor away from market, who had remained bullish to Indian market in the recent past. Though, Minister of state for finance Nirmala Sitharaman has said that GAAR would become applicable from April 1, 2015, but some brokers were hoping that GAAR would be deferred to 2017, which may spooked the stock markets.

14/07/2014

4:36 PM: The Indian market ended flat after looking for direction almost right through the session on Monday.

Global cues were positive, inflation came down, but investors appeared wary of building up
positions.

The Sensex ended at 25,006.98, down 17.37 points or 0.07%, after declining to a low of 24,892 intraday.

The Nifty closed at 7461.85, up 2.25 points or 0.03% (provisional).

Capital goods, power, metal and automobile stocks gained notable ground.
Bank, oil and FMCG stocks closed on a mixed note.
IT, pharma, realty and consumer durables stocks traded weak.

14/07/2014

4:36 PM: The Indian market ended flat after looking for direction almost right through the session on Monday.

Global cues were positive, inflation came down, but investors appeared wary of building up
positions.

The Sensex ended at 25,006.98, down 17.37 points or 0.07%, after declining to a low of 24,892 intraday.

The Nifty closed at 7461.85, up 2.25 points or 0.03% (provisional).

Capital goods, power, metal and automobile stocks gained notable ground.
Bank, oil and FMCG stocks closed on a mixed note.
IT, pharma, realty and consumer durables stocks traded weak.

14/07/2014

The Indian benchmark was trading in red in the early session of day's trade tracking weak global cues. IT sector stocks were on the rise with Infosys leading the pack followed by KPIT Technologies, HCL Technologies, Wipro and Mahindra & Mahindra.
At 9:43AM BSE SENSEX was at 24992.33 down by -32.02 points or by -0.13 per cent and then NSE Nifty was at 7431.65 down by -27.95 points or by -0.37 per cent.

14/07/2014

The Indian benchmark was trading in red in the early session of day's trade tracking weak global cues. IT sector stocks were on the rise with Infosys leading the pack followed by KPIT Technologies, HCL Technologies, Wipro and Mahindra & Mahindra.
At 9:43AM BSE SENSEX was at 24992.33 down by -32.02 points or by -0.13 per cent and then NSE Nifty was at 7431.65 down by -27.95 points or by -0.37 per cent.

14/07/2014

Shrugging of the disappointment from Union Budget, the 30-share bellwether index- Sensex is expected to open in green over strong IIP data. For the month of May, the country’s industrial output rose to 4.7 per cent, which is highest in 19 months since October 2012. The sentiments are further likely to be supported by positive cues from most of the Asian markets in the morning trading session.

Japan’s Nikkei 225 was trading at 15,221, up by 57 points; Hong Kong’s Hang Seng index was at 23,310, up by nearly 77 points; Taiwan Index was trading up by 33 points at 9,529; and China’s Shanghai Composite was at 2,048, up by 1.42 points.

The BSE’s SENSEX closed at 25024.35, down by 348.4 points or by 1.37 per cent on Friday and the NSE’s wide-based Nifty ended at 7459.6, down by 108.15 points or by 1.43 per cent.

14/07/2014

Shrugging of the disappointment from Union Budget, the 30-share bellwether index- Sensex is expected to open in green over strong IIP data. For the month of May, the country’s industrial output rose to 4.7 per cent, which is highest in 19 months since October 2012. The sentiments are further likely to be supported by positive cues from most of the Asian markets in the morning trading session.

Japan’s Nikkei 225 was trading at 15,221, up by 57 points; Hong Kong’s Hang Seng index was at 23,310, up by nearly 77 points; Taiwan Index was trading up by 33 points at 9,529; and China’s Shanghai Composite was at 2,048, up by 1.42 points.

The BSE’s SENSEX closed at 25024.35, down by 348.4 points or by 1.37 per cent on Friday and the NSE’s wide-based Nifty ended at 7459.6, down by 108.15 points or by 1.43 per cent.

SKUNG Group

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