Page 1237 - Business Finance
Sensex, Nifty pare gains; realty shares advance
The Sensex and the Nifty pared gains and were trading near flat line in mid-morning trade. At 11:20 IST, the barometer index, the S&P BSE Sensex, was up 57.64 points or 0.16% at 36,166.11. The Nifty 50 index was up 7.45 points or 0.07% at 10,838.95. Firmness in Reliance Industries, ITC and HDFC Bank supported the indices.
Nickel futures gain 0.20% on spot demand
Nickel prices edged up by 0.20 per cent to Rs 831 per kg in futures trading Thursday as speculators built up fresh positions after firm demand from alloy makers amid firm overseas cues. At the Multi Commodity Exchange, nickel for delivery in January went up by Rs 1.70, or 0.20 per cent, to Rs 831 per kg in business turnover of 941 lots. Analysts said fresh positions created by traders after firm demand from alloy-makers at physical market and a firm trend overseas strengthened nickel prices at futures trade.
Copper futures remain up on spot demand, global cues
Copper futures rose by 0.30 per cent to quote at Rs 420.50 per kg Thursday as traders widened their position amid firm spot demand at the domestic market and positive global cues. At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 1.25, or 0.30 per cent, at Rs 420.50 per kg, in a business turnover of 1,396 lots. Market analysts said apart from strong demand from consuming industries at the domestic markets, a firm trend in base metals in global markets, supported the upside in copper prices.
Crude oil futures rise 0.32% as investors widen position
Crude oil prices edged up 0.32 per cent to Rs 3,753 per barrel in futures trade Thursday as speculators widened their bets despite a weak trend overseas. At the Multi Commodity Exchange, crude for delivery in February was up by Rs 12, or 0.32 per cent, to Rs 3,753 per barrel in a business turnover of 6,286 lots. Analysts said the rise in crude oil futures was largely due to raising of bets by participants, but a weak trend in global market, capped the gains. Meanwhile, West Texas Intermediate crude prices fell 0.29 per cent to USD 60.95, while Brent, used to price international oils, was down 0.31 per cent at USD 60.95 a barrel at the New York Mercantile Exchange.
Lead futures weaken on profit-booking
Lead prices were marginally down in futures trade Thursday as speculators booked profits at prevailing levels amid subdued demand at domestic spot markets. At the Multi Commodity Exchange, lead for delivery in January shed 5 paise, or 0.03 per cent, to Rs 144.50 per kg, in a business turnover of 1,013 lots. Market analysts said profit-booking by participants and muted demand from battery-makers in the spot market, kept pressure on lead futures here.
Spot demand lifts mentha oil futures by 0.99%
Mentha oil prices rose by 0.99 per cent to Rs 1,508.30 per kg in futures trade Thursday as speculators built up fresh positions amid pick up in demand at the domestic spot market. At the Multi Commodity Exchange, mentha oil for delivery in January month rose by Rs 14.80, or 0.99 per cent, to Rs 1,508.30 per kg in a business turnover of 113 lots. Analysts said fresh positions created by traders on upsurge in demand from consuming industries in the physical market against restricted supplies from Chandausi led to the rise in mentha oil futures.
Hyundai Motor swings to surprise quarterly net loss as China sales tumble
SEOUL (Reuters) - South Korea's Hyundai Motor surprised the market on Thursday by swinging to its first quarterly net loss since at least 2011 as its vehicle sales skidded in the key China market.
India's natural gas production rises 4.2% in December 2018
Natural gas output declines 0.2% to 24.65 bcm in April-December 2018
India's crude oil refinery output dips 5.1% in December 2018
Cumulative refinery output rises 4.0% to 193.01 mt in April-December 2018
India's crude oil production declines 4.3% in December 2018
Crude oil production falls 3.7% in April-December 2018
Volumes spurt at Tejas Networks Ltd counter
Tejas Networks Ltd registered volume of 1.63 lakh shares by 10:49 IST on BSE, a 46.35 fold spurt over two-week average daily volume of 3507 shares
Hyundai Motor swings to net loss in fourth quarter, misses consensus
SEOUL (Reuters) - South Korea's Hyundai Motor reported on Thursday it swung to a net loss for the October-December quarter, bucking analysts' estimates for a profit, as its vehicle sales skidded in the key China market.
Market breadth turns negative
Key equity indices bounced back from early lows and hit fresh intraday high in morning trade. At 10:30 IST, the barometer index, the S&P BSE Sensex, was up 77.31 points or 0.21% at 36,185.78. The Nifty 50 index was up 17.15 points or 0.16% at 10,848.65.
Markets open marginally lower than yesterday's closing
Equities opened marginally lower on Thursday with the BSE Sensex down 27.40 points up at 36,080.At 10:10 hrs, the Nifty also slipped 5.20 points at 10,826.On Wednesday, the shares had closed lower due to a sharp fall in ITC Ltd after the FMCG major reported quarterly results. IT and financial stocks also contributed to the losses.Meanwhile, Asian indices were subdued due to worries over weakening global economic growth and uncertainty over partial US government shutdown.As China makes up one-fifth of the global economy, its unresolved trade standoff with the United States is leaving investors wary of riskier assets.
Indian steel sector has entered a new phase of development; demand for steel will continue to grow: MoS, Steel
He said that steel is the foundation of the industrial economy. He said that the steel sector is vital to India's growth, given that India is the fastest growing large economy and given the contribution of steel to manufacturing, infrastructure, power, aerospace and industrial machinery sectors. He said that Indian steel sector has entered a new phase of development; he added that the demand for steel will continue to grow.
Pidilite Inds falls after poor Q3 result
Pidilite Industries fell 1.25% to Rs 1,116.80 at 10:01 IST on BSE after consolidated net profit fell 8.49% to Rs 219.47 crore on 20.2% rise in total income to Rs 1880.44 crore in Q3 December 2018 over Q3 December 2017.
Sensex, Nifty start on a choppy note
The benchmark Sensex rose marginally in early trade on Thursday, reversing its two-session losing streak on buying in select bluechips by domestic investors amid positive Asian cues. Investor sentiment, however, was cautious amid global headwinds, turning key indices choppy. The 30-share index gained 28.27 points, or 0.08 per cent, at 36,136.74 after rising to 36,1789.36 at the outset. It also slipped below the 36,000-mark to touch a low of 35,996.68 in early trade. The gauge had lost 470.49 points in the previous two sessions. In similar movement, the NSE Nifty edged up by 3.65 points, or 0.03 per cent, to 10,835.15. After many days, Nifty saw a strong reaction, as the index formed a strong bearish candle which indicates the dominance of sellers, said an Emkay Global Financial Services report. "With this fall, the index has breached its prior 5-day low. After several failed attempts to breach the 11,000 level and strong reaction, there is a mark of strong resistance. Still, the index
Bharti Infratel drops after declaring Q3 result
Bharti Infratel lost 1.93% to Rs 272.55 at 09:32 IST on BSE after declaring Q3 result after market hours yesterday, 23 January 2019.
Jindal Steel & Power Ltd Slips 2.37%, S&P BSE Metal index Shed 1.03%
Jindal Steel & Power Ltd has lost 14.42% over last one month compared to 7.15% fall in S&P BSE Metal index and 1.5% rise in the SENSEX
Mcleod Russel India Ltd Surges 5.22%
Mcleod Russel India Ltd has lost 4.56% over last one month compared to 1.15% gain in S&P BSE FMCG Sector index and 1.86% rise in the SENSEX