3:55 pm Market closing: After a volatile session, the Nifty managed to hold 6000 till the end. The Nifty closed up 13.50 points at 6020.95 while Sensex was up 23.65 points at 20272.91. About 1404 shares have advanced, 1008 shares declined, and 152 shares are unchanged.
3:40 pm Buzzer: Shares of Tata Motors are in top gear on Thursday, rallying 5.6 percent intraday to touch a record high of Rs 373.80. Its UK subsidiary Jaguar and Land Rover (JLR) announced its best ever September retail sales on Thursday. Luxury car maker JLR, reported record retail sales of 43,181 units during the month gone by, a growth of 17 percent year-on-year and 55 percent sequentially. Jaguar and Land Rover brands received strong response during the period with the China region sales growing 46 percent, Asia Pacific 29 percent, UK rising 11 percent, Europe up 8 percent, North America up 6 percent, and other overseas markets up 15 percent, the company said in its filing. 3:30 pm FII view: Breaching fiscal deficit target is unlikely to change India's rating, Atsi Sheth of Moody's Investors Service told CNBC-TV18 in an interview . Like most experts, Sheth also expects FY14 CAD to be lower than FY13. Meanwhile, Moody's has a negative outlook on Indian banking sector and cautions that asset quality weakening is a cause of concern for the sector. Recently, PMEAC chairman Dr C Rangarajan also said, with trade deficit for September falling to USD 6.76 billion from USD 17.15 billion a year ago, FY14 CAD may be even lower than projected USD 70 billion . The data also showed that exports in September rose 11.15 percent to USD 27.68 billion. According to him, the export data reflects a gradual pick-up in global demand.
It has been a very subdued day as investors looked a bit cautious ahead of the Infosys September quarter results tomorrow. The Sensex is up 26.13 points at 20275.39, and the Nifty up 11.25 points at 6018.70. About 1345 shares have advanced, 937 shares declined, and 162 shares are unchanged. Tata Motors, Tata Steel , M&M, Maruti Suzuki and Sesa Sterlite are top gainers in the Sensex.
On the losing side are Tata Power , Hindalco , GAIL , HDFC Bank and HUL . Shares of IL&FS Engineering and Construction Company are locked at 10 percent upper circuit on Thursday after the board approved rights issue of the company. "The board of directors on Wednesday approved the issue of equity shares of face value of Rs 10 each to the existing equity shareholders on rights basis, up to Rs 300 crore, at a price of 7.5 percent less than the closing price of the share at NSE on October 09," the company said in its filing. Crude oil rose to USD 110 per barrel on Thursday as the kidnapping of Libya's prime minister delayed the prospect of a further recovery in production from the North African nation. Gunmen from a former rebel faction kidnapped Libyan Prime Minister Ali Zeidan on Thursday in reprisal for the government's role in the US capture of a top al Qaeda suspect, reports Reuters.
3:40 pm Buzzer: Shares of Tata Motors are in top gear on Thursday, rallying 5.6 percent intraday to touch a record high of Rs 373.80. Its UK subsidiary Jaguar and Land Rover (JLR) announced its best ever September retail sales on Thursday. Luxury car maker JLR, reported record retail sales of 43,181 units during the month gone by, a growth of 17 percent year-on-year and 55 percent sequentially. Jaguar and Land Rover brands received strong response during the period with the China region sales growing 46 percent, Asia Pacific 29 percent, UK rising 11 percent, Europe up 8 percent, North America up 6 percent, and other overseas markets up 15 percent, the company said in its filing. 3:30 pm FII view: Breaching fiscal deficit target is unlikely to change India's rating, Atsi Sheth of Moody's Investors Service told CNBC-TV18 in an interview . Like most experts, Sheth also expects FY14 CAD to be lower than FY13. Meanwhile, Moody's has a negative outlook on Indian banking sector and cautions that asset quality weakening is a cause of concern for the sector. Recently, PMEAC chairman Dr C Rangarajan also said, with trade deficit for September falling to USD 6.76 billion from USD 17.15 billion a year ago, FY14 CAD may be even lower than projected USD 70 billion . The data also showed that exports in September rose 11.15 percent to USD 27.68 billion. According to him, the export data reflects a gradual pick-up in global demand.
It has been a very subdued day as investors looked a bit cautious ahead of the Infosys September quarter results tomorrow. The Sensex is up 26.13 points at 20275.39, and the Nifty up 11.25 points at 6018.70. About 1345 shares have advanced, 937 shares declined, and 162 shares are unchanged. Tata Motors, Tata Steel , M&M, Maruti Suzuki and Sesa Sterlite are top gainers in the Sensex.
On the losing side are Tata Power , Hindalco , GAIL , HDFC Bank and HUL . Shares of IL&FS Engineering and Construction Company are locked at 10 percent upper circuit on Thursday after the board approved rights issue of the company. "The board of directors on Wednesday approved the issue of equity shares of face value of Rs 10 each to the existing equity shareholders on rights basis, up to Rs 300 crore, at a price of 7.5 percent less than the closing price of the share at NSE on October 09," the company said in its filing. Crude oil rose to USD 110 per barrel on Thursday as the kidnapping of Libya's prime minister delayed the prospect of a further recovery in production from the North African nation. Gunmen from a former rebel faction kidnapped Libyan Prime Minister Ali Zeidan on Thursday in reprisal for the government's role in the US capture of a top al Qaeda suspect, reports Reuters.
No comments:
Post a Comment