Markets end marginally positive

BSE Oil & Gas index declined by nearly 1%

pared most of the day's gains as investors booked profits at higher levels ahead of the Christmas holiday tomorrow and expiry of December derivative contracts on Thursday.

The 30-share ended at 19,255 up 13 points and the 50-share ended at 5,856 up 8 points.

World stock, commodity and currency markets were steady on Monday, as the holiday lull set in across markets and offset tensions over the US budget dispute.

Asian markets ended mixed. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent in thin trading after falling to a near two-week low on Friday.

With only UK, French, Dutch and Spanish stock markets open in Europe and trading shortened ahead of Christmas celebrations, the FTSEurofirst300 opened almost flat at 1138.35 points to leave the MSCI index of global stocks virtually unchanged at 339.87.

Back home, BSE TECk, IT, Healthcare, Auto and Realty indices surged by almost 1% each. However, BSE Oil & Gas index declined by nearly 1%.

IT shares like Wipro, Infosys and TCS spurted between 0.4-2% on the back of weak rupee which helps boosts revenue as major portion of their revenues come from exports to the US.

From the Auto space, Tata Motors was the top Sensex gainer, up 3%. Bajaj Auto gained nearly 1%.

Sun Pharma surged over 2% on completion of acquisition of DUSA Pharmaceuticals, Inc.U.S.A by its US subsidiary.

Other notable gainer includes Tata Power, HUL, Bharti Airtel, Coal India and GAIL.

Oil and gas shares were among the top Sensex losers, index heavyweight RIL declined marginally. ONGC declined by almost 2%.

JSPL, Maruti Suzuki, Sterlite, ICICI Bank and Hindalco are other notable losers.

The broader markets outperformed the benchmark indices with the BSE Mid-cap up 0.32% and the BSE Small-cap up 0.36%.

The market breadth on the BSE ended almost neutral.

SMART MOVERS


Kingfisher Airlines locked in upper circuit of 5% at Rs 15.97, bouncing back over 9% from intra-day low on reports that the company has submitted a revival plan to the aviation regulator, the Director General of Civil Aviation (DGCA).

FDC soared 11% to Rs 98 on back of heavy volumes on report that the promoters of pharmaceutical company plan to sell majority of their stake in the company.

Lanco Infratech rallied 7% to Rs 13.46 after the company said that Supreme Court of Western Australia has allowed the Griffin Coal Mining Company Pty Limited (GCMC), a subsidiary of company to enter into revised Coal Supply Agreement (CSA) with Griffin Power entities which is in process of being acquired by Japanese consortium of Sumitomo Corp and Kansai Electric Power Co.

Glenmark Pharmaceuticals ended higher by 4% after the company said it has signed development agreement with Forest Laboratories for worldwide collaboration on Novel Agents to treat chronic inflammatory conditions.

image
Business Standard
177 22
Business Standard

Markets end marginally positive

BSE Oil & Gas index declined by nearly 1%

Surabhi Roy  |  Mumbai 



pared most of the day's gains as investors booked profits at higher levels ahead of the Christmas holiday tomorrow and expiry of December derivative contracts on Thursday.

The 30-share ended at 19,255 up 13 points and the 50-share ended at 5,856 up 8 points.



World stock, commodity and currency markets were steady on Monday, as the holiday lull set in across markets and offset tensions over the US budget dispute.

Asian markets ended mixed. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent in thin trading after falling to a near two-week low on Friday.

With only UK, French, Dutch and Spanish stock markets open in Europe and trading shortened ahead of Christmas celebrations, the FTSEurofirst300 opened almost flat at 1138.35 points to leave the MSCI index of global stocks virtually unchanged at 339.87.

Back home, BSE TECk, IT, Healthcare, Auto and Realty indices surged by almost 1% each. However, BSE Oil & Gas index declined by nearly 1%.

IT shares like Wipro, Infosys and TCS spurted between 0.4-2% on the back of weak rupee which helps boosts revenue as major portion of their revenues come from exports to the US.

From the Auto space, Tata Motors was the top Sensex gainer, up 3%. Bajaj Auto gained nearly 1%.

Sun Pharma surged over 2% on completion of acquisition of DUSA Pharmaceuticals, Inc.U.S.A by its US subsidiary.

Other notable gainer includes Tata Power, HUL, Bharti Airtel, Coal India and GAIL.

Oil and gas shares were among the top Sensex losers, index heavyweight RIL declined marginally. ONGC declined by almost 2%.

JSPL, Maruti Suzuki, Sterlite, ICICI Bank and Hindalco are other notable losers.

The broader markets outperformed the benchmark indices with the BSE Mid-cap up 0.32% and the BSE Small-cap up 0.36%.

The market breadth on the BSE ended almost neutral.

SMART MOVERS


Kingfisher Airlines locked in upper circuit of 5% at Rs 15.97, bouncing back over 9% from intra-day low on reports that the company has submitted a revival plan to the aviation regulator, the Director General of Civil Aviation (DGCA).

FDC soared 11% to Rs 98 on back of heavy volumes on report that the promoters of pharmaceutical company plan to sell majority of their stake in the company.

Lanco Infratech rallied 7% to Rs 13.46 after the company said that Supreme Court of Western Australia has allowed the Griffin Coal Mining Company Pty Limited (GCMC), a subsidiary of company to enter into revised Coal Supply Agreement (CSA) with Griffin Power entities which is in process of being acquired by Japanese consortium of Sumitomo Corp and Kansai Electric Power Co.

Glenmark Pharmaceuticals ended higher by 4% after the company said it has signed development agreement with Forest Laboratories for worldwide collaboration on Novel Agents to treat chronic inflammatory conditions.

RECOMMENDED FOR YOU

Markets end marginally positive

BSE Oil & Gas index declined by nearly 1%

Markets pared most of the day's gains as investors booked profits at higher levels ahead of the Christmas holiday tomorrow and expiry of December derivative contracts on Thursday.

pared most of the day's gains as investors booked profits at higher levels ahead of the Christmas holiday tomorrow and expiry of December derivative contracts on Thursday.

The 30-share ended at 19,255 up 13 points and the 50-share ended at 5,856 up 8 points.

World stock, commodity and currency markets were steady on Monday, as the holiday lull set in across markets and offset tensions over the US budget dispute.

Asian markets ended mixed. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent in thin trading after falling to a near two-week low on Friday.

With only UK, French, Dutch and Spanish stock markets open in Europe and trading shortened ahead of Christmas celebrations, the FTSEurofirst300 opened almost flat at 1138.35 points to leave the MSCI index of global stocks virtually unchanged at 339.87.

Back home, BSE TECk, IT, Healthcare, Auto and Realty indices surged by almost 1% each. However, BSE Oil & Gas index declined by nearly 1%.

IT shares like Wipro, Infosys and TCS spurted between 0.4-2% on the back of weak rupee which helps boosts revenue as major portion of their revenues come from exports to the US.

From the Auto space, Tata Motors was the top Sensex gainer, up 3%. Bajaj Auto gained nearly 1%.

Sun Pharma surged over 2% on completion of acquisition of DUSA Pharmaceuticals, Inc.U.S.A by its US subsidiary.

Other notable gainer includes Tata Power, HUL, Bharti Airtel, Coal India and GAIL.

Oil and gas shares were among the top Sensex losers, index heavyweight RIL declined marginally. ONGC declined by almost 2%.

JSPL, Maruti Suzuki, Sterlite, ICICI Bank and Hindalco are other notable losers.

The broader markets outperformed the benchmark indices with the BSE Mid-cap up 0.32% and the BSE Small-cap up 0.36%.

The market breadth on the BSE ended almost neutral.

SMART MOVERS


Kingfisher Airlines locked in upper circuit of 5% at Rs 15.97, bouncing back over 9% from intra-day low on reports that the company has submitted a revival plan to the aviation regulator, the Director General of Civil Aviation (DGCA).

FDC soared 11% to Rs 98 on back of heavy volumes on report that the promoters of pharmaceutical company plan to sell majority of their stake in the company.

Lanco Infratech rallied 7% to Rs 13.46 after the company said that Supreme Court of Western Australia has allowed the Griffin Coal Mining Company Pty Limited (GCMC), a subsidiary of company to enter into revised Coal Supply Agreement (CSA) with Griffin Power entities which is in process of being acquired by Japanese consortium of Sumitomo Corp and Kansai Electric Power Co.

Glenmark Pharmaceuticals ended higher by 4% after the company said it has signed development agreement with Forest Laboratories for worldwide collaboration on Novel Agents to treat chronic inflammatory conditions.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Sebi orders attachment of bank, demat a/cs of Sai Prasad Corp Sebi orders attachment of bank, demat a/cs of Sai Prasad Corp
  • Govt to import addl 90,000 tonnes pulses Govt to import addl 90,000 tonnes pulses

STOCK WATCH

Company Price() Chg(%)
Trident 56.00 12.45
VST Inds. 2296.20 10.12
GRUH Finance 345.20 9.33
J B Chem & Pharm 336.60 7.90
Century Textiles 709.85 5.92
> More on BSE Gainers
Company Price() Chg(%)
Trident 56.45 13.13
Future Lifestyle 137.65 10.92
GRUH Finance 346.05 9.46
VST Inds. 2284.90 9.22
J B Chem & Pharm 336.50 7.71
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 49.70 -8.64
Shilpa Medicare 553.00 -7.82
Piramal Enterp. 1851.10 -5.41
Jaypee Infratec. 9.21 -4.76
Avanti Feeds 534.10 -4.20
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 49.40 -8.60
Shilpa Medicare 551.70 -7.87
IDBI Bank 70.45 -6.38
Jaypee Infratec. 9.10 -5.70
Piramal Enterp. 1847.10 -5.48
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard