Page 319 - Business Finance

Aluminium futures slip 1.24% on low demand

Aluminium prices softened 1.24 per cent to Rs 147.55 per kg in futures trade Monday as speculators cut bets amid subdued demand at the spot market. On the Multi Commodity Exchange, aluminium for delivery in May contracts eased by Rs 1.85, or 1.24 per cent, to Rs 147.55 per kg in a business turnover of 1,264 lots. Analysts said, off-loading of positions by participants owing to slackened demand from consuming industries at the spot market mainly weighed on the aluminium prices here.

Indices hold firm

Stocks held firm in afternoon trade on strong buying demand in index pivotals. At 13:17 IST, the barometer index, the S&P BSE Sensex, was up 1,118.81 points or 2.95% at 39,049.58. The Nifty 50 index was up 332.55 points or 2.92% at 11,739.70. Shares of index heavyweight and housing finance major HDFC surged. Sentiment was boosted after most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls.

Crude oil futures rise 0.23 pc as investors widen position

Crude oil prices edged up 0.23 per cent to Rs 4,426 per barrel in futures trade Monday as speculators widened their bets in tandem with a firm trend overseas. On the Multi Commodity Exchange, crude for delivery in May contracts was up by Rs 10, or 0.23 per cent, to Rs 4,426 per barrel in a business turnover of 13,904 lots. Analysts said the rise in crude oil futures was largely due to raising of bets by participants in the domestic markets. Globally, the oil prices were upbeat as members of Saudi Arabia-led Opec in a meeting on Sunday in Jeddah signalled an output cut by the end of the year allaying fears of supply glut, according to reports. Meanwhile, West Texas Intermediate crude prices were trading up 1.31 per cent to USD 63.58, while Brent, used to price international oils, was up 1.40 per cent at USD 73.22 a barrel on the New York Mercantile Exchange.

Copper futures ease 1.49 pc on profit-booking

Copper futures traded 1.49 per cent lower Monday as speculators cut down their positions at prevailing levels to book profits amid muted spot demand. On the Multi Commodity Exchange, copper for delivery in June contracts fell by Rs 6.40,or 1.49 per cent, to Rs 421.85 per kg with a business turnover of 18,542 lots. Traders said, the fall in copper prices at futures trade was mostly due to profit-booking by speculators and subdued demand at the domestic spot market.

DCB Bank Ltd spurts 3.22%, rises for third straight session

DCB Bank Ltd is quoting at Rs 229, up 3.22% on the day as on 12:54 IST on the NSE. The stock is up 26.62% in last one year as compared to a 11.51% gain in NIFTY and a 15.08% gain in the Nifty Private Bank index.

Indian Bank gains for third straight session

Indian Bank is quoting at Rs 255.6, up 8.47% on the day as on 12:54 IST on the NSE. The stock is down 16.81% in last one year as compared to a 11.51% jump in NIFTY and a 16.36% jump in the Nifty PSU Bank index.

Bank of India spurts 9.12%

Bank of India is quoting at Rs 89.15, up 9.12% on the day as on 12:54 IST on the NSE. The stock is down 8.98% in last one year as compared to a 11.51% spurt in NIFTY and a 16.36% spurt in the Nifty PSU Bank index.

JSW Steel Ltd rises for third straight session

JSW Steel Ltd is quoting at Rs 285.35, up 3.24% on the day as on 12:54 IST on the NSE. The stock is down 7.73% in last one year as compared to a 11.51% jump in NIFTY and a 17.78% jump in the Nifty Metal index.

Tata Steel Ltd soars 3.56%

Tata Steel Ltd is quoting at Rs 486.15, up 3.56% on the day as on 12:54 IST on the NSE. The stock is down 15.75% in last one year as compared to a 11.51% spurt in NIFTY and a 17.78% spurt in the Nifty Metal index.

NMDC Ltd up for third consecutive session

NMDC Ltd is quoting at Rs 96.5, up 6.63% on the day as on 12:54 IST on the NSE. The stock is down 14.9% in last one year as compared to a 11.51% jump in NIFTY and a 17.78% jump in the Nifty Metal index.

Inox Leisure Ltd up for third straight session

Inox Leisure Ltd is quoting at Rs 321.95, up 2.32% on the day as on 12:54 IST on the NSE. The stock is up 23.71% in last one year as compared to a 11.51% slide in NIFTY and a 29.7% slide in the Nifty Media index.

Network 18 Media & Investments Ltd gains for third straight session

Network 18 Media & Investments Ltd is quoting at Rs 30.4, up 3.4% on the day as on 12:54 IST on the NSE. The stock is down 30.59% in last one year as compared to a 11.51% slide in NIFTY and a 29.7% slide in the Nifty Media index.

Dish TV India Ltd spurts 4.1%

Dish TV India Ltd is quoting at Rs 30.45, up 4.1% on the day as on 12:54 IST on the NSE. The stock is down 56.62% in last one year as compared to a 11.51% spurt in NIFTY and a 29.7% spurt in the Nifty Media index.

Sun TV Network Ltd up for third straight session

Sun TV Network Ltd is quoting at Rs 557.35, up 4.35% on the day as on 12:54 IST on the NSE. The stock is down 40.7% in last one year as compared to a 11.51% spurt in NIFTY and a 29.7% spurt in the Nifty Media index.

Wipro Ltd spurts 1.12%, rises for third straight session

Wipro Ltd is quoting at Rs 289.6, up 1.12% on the day as on 12:54 IST on the NSE. The stock is up 45.79% in last one year as compared to a 11.51% gain in NIFTY and a 18.06% gain in the Nifty IT index.

Hindustan Unilever Ltd spurts 1.22%

Hindustan Unilever Ltd is quoting at Rs 1757.95, up 1.22% on the day as on 12:54 IST on the NSE. The stock is up 11.36% in last one year as compared to a 11.51% spurt in NIFTY and a 5.66% spurt in the Nifty FMCG index.

GlaxoSmithkline Consumer Healthcare Ltd rises for third straight session

GlaxoSmithkline Consumer Healthcare Ltd is quoting at Rs 7410, up 1.29% on the day as on 12:54 IST on the NSE. The stock is up 24.58% in last one year as compared to a 11.51% jump in NIFTY and a 5.66% jump in the Nifty FMCG index.

United Spirits Ltd gains for third straight session

United Spirits Ltd is quoting at Rs 543.65, up 2.29% on the day as on 12:54 IST on the NSE. The stock is down 12.88% in last one year as compared to a 11.51% jump in NIFTY and a 5.66% jump in the Nifty FMCG index.

Indiabulls Ventures Ltd up for third consecutive session

Indiabulls Ventures Ltd is quoting at Rs 338.85, up 13.46% on the day as on 12:54 IST on the NSE. The stock is down 18.17% in last one year as compared to a 11.51% jump in NIFTY and a 22.42% jump in the Nifty Financial Services index.

Power Grid Corporation of India Ltd up for third straight session

Power Grid Corporation of India Ltd is quoting at Rs 187.8, up 3.1% on the day as on 12:54 IST on the NSE. The stock is down 11.69% in last one year as compared to a 11.51% jump in NIFTY and a 19.7% jump in the Nifty Energy index.