Today's major news
Suzlon Energy wins wind turbine order from a Swedish firm; the stock ends 1.18% higher
Maruti Suzuki India hikes prices of most models; the stock surges 1.23%
ORG Informatics secures order; the stock jumps 8.17%
Shriram Transport Q3 net up by 58%; the stock rises 0.50%
Jaiprakash Associates Q3 net dips 39%; the stock closes 0.76% lower.
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Post-market summary
Global signals
European indices were trading higher in morning, as mining shares gained on higher metal prices. At the time of writing this report FTSE 100 was trading 0.55% higher.
Asian indices had a mixed closing. Nikkei, Hang Seng and Jakarta Composite closed lower, while Shanghai Composite, Kospi and Straits Times closed marginally up. SGX Nifty closed 12 points higher.
Indian indices
Good Q3 corporate earnings helped Indian market buck the downtrend and end the day higher. Opening flat, the bellwether soon turned negative to the day’s low of 17505. However, buying in banking and public sector undertaking (PSU) shares brought the index into positive column and helped it scale the day’s high of 17712. The Sensex wrapped the session at 17641, 87 points higher. Nifty closed 23 points higher at 5275.
Market sentiment
Advancing shares merely outnumbered the trailing scrips. Of the 2,993 stocks on the BSE, 1,576 stocks advanced, whereas 1,346 stocks declined. Seventy one stocks closed unchanged.
Sectoral & stock screening
On good show by banks on Friday, BSE Bankex was higher by 2.41%--the highest for any sector-- followed by BSE PSU that surged 1.91% and BSE Auto that was up by 1.70% for the day. On the other hand, BSE HC fell the most losing 0.48% for the day followed by BSE Oil & Gas that declined 0.36%.
On the stocks' front, Hindustan Copper surged the most—by 18.82%—followed by NMDC, which rose 9.99%, and UCO Bank that jumped 7.50%. On the losers’ list, Madras Cement topped with a loss of 4.01% at closing bell, followed by Jet Airways, which slid by 3.56%, and UltraTech Cements, which fell by 3.35%.
Viewing volumes
UCO Bank saw the highest trading with over 0.64 crore shares changing hands on the BSE to be followed by wind turbine maker, Suzlon Energy India (0.55 crore shares), Ispat Industries (0.47 crore shares), Rashtriya Chemicals and Fertilisers (0.44 crore shares) and GTL Infrastructure (0.43 crore shares).
Tuesday, January 19, 2010
Q3 corporate earnings keep market up
Posted by Admin at 8:53 AM
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