Companies and Markets

Companies & Markets

Monday blues: India to Indonesia

Asia’s stock exchanges have had smoother starts to a week. India’s National Stock Exchange (NSE) suffered its longest ever halt on Monday after an unidentified glitch disrupted orders and price feeds, forcing the operator to freeze all equities and derivatives trading. Indonesia was also hit with a data issue and responded with its own shutdown. In both cases, brokers said confusion reigned even after the venues had announced the suspensions.

NSE 'deeply apologies' for glitch in trading system

The National Stock Exchange today "deeply apologised" for the glitch in its system that disrupted trading for over three hours and said the matter is being examined to find out the cause.
The leading bourse had stopped trading in cash as well as F&O (Futures & Options) segments following the glitch before resuming normal trade at 1230 hours.

Markets scale record highs despite trade disruption on NSE

The BSE Sensex surged by over 355 points, its biggest single-day gain in six weeks to record a new closing high of 31,715.64 and Nifty settled above the 9,700-mark for the first time despite technical glitches on NSE disrupting trade on its platform for over three hours.
Sentiments were mostly bolstered on sustained buying by domestic institutional investors and retailers amid optimism over the upcoming earnings season, with TCS to post earnings on July 13, brokers said.

Sensex makes a big start, hits all-time peak at 31,595

The benchmark Sensex today soared 235 points to hit an all-time high of 31,595 after quarterly corporate earnings optimism gave domestic institutional and retail investors much hope to go in for fresh bets.
Blue-chip TCS is scheduled to announce its quarterly results on July 13.
After opening strong, the 30-share index rose further by 234.83 points, or 0.74 per cent, to hit a new peak of 31,595.46, breaking its previous life-time high (intra-day) of 31,522.87 reached on June 22.

Pick & choose stocks you are comfortable with

The market opened with a bang last week and saw the BSE Sensex gaining 300 points and the Nifty gaining 95 points on Monday itself.
The strong first day showing helped the week end with gains of 439.02 points on the BSE, which closed at 31,360.63 points. The Nifty gained 144.90 points and closed at 9,665.80 points. With this rally, the immediate consolidation phase over the last 6-7 weeks, and the danger of slipping into a serious correction in the immediate term seems to be arrested for now.

Sensex off record highs in range-bound trade

The benchmark Sensex today retreated from its record high by ending lower by 9 points in a range- bound session but recorded gains for the week on GST boost and monsoon progress.
The 30-share BSE index, which had closed at a record high of 31,369.34 yesterday, traded in the negative terrain for the better part of the session and hit a low of 31,286.62 before settling at 31,360.63, down 8.71 points, or 0.03 percent.
Likewise, the 50-scrip NSE Nifty fell by 8.75 points, or 0.09 percent, to close at 9,665.80 after shuttling between 9,684.25 and 9,642.65.

Sensex slips from record; FMCG, banking weigh

Market today moved lower from its all-time peak as participants were quick to take profit amid a lacklustre trend overseas.
Stocks of FMCG, capital goods, banking, IT and realty remained subdued.
The 30-share index, which had closed at a record high of 31,369.34 yesterday, was down 56.84 points, or 0.18 percent at 31,312.50.
The gauge had gained 159.55 points in the previous two sessions.
The broader NSE Nifty too declined 21.55 points, or 0.22 percent, at 9,653.

Sensex ends at new record on earnings hopes, Fed minutes

The Sensex today rallied 124 points to end at a new peak of 31,369 in anticipation of positive quarterly earnings that are set to roll in later this month.
A trouble-free GST launch is giving market additional strength.
The minutes of the US Federal Reserve meeting on June 13 -14 showed that there is no consensus among policymakers over inflation outlook and the pace of any interest rate increase going ahead.

Market starts on a positive note, goes up 66 pts

The benchmark Sensex got off to a steady start today by rising 66 points and the Nifty hovered above 9,600 on the back of a firm Asian trend.
The 30-share index advanced 65.89 points, or 0.21 per cent, to 31,311.45 in early session. It was realty, healthcare, auto and capital goods that showed promise, rising by up to 1.30 per cent.
The gauge had gained 35.77 points in a range-bound trade yesterday. The NSE index Nifty also inched up 16 points, or 0.16 per cent, to 9,653.60.

$400b forex reserves looks well within reach

India’s forex reserves are rising fast to breach the $400 billion level. As of June 23, forex reserves have gone up to a record high of $383 billion, a $14 billion increase since April. This has been on account of a rise in foreign currency assets of the Reserve Bank of India (RBI), which has been buying dollars to limit the appreciation of the rupee.