indian stock market

Eight metal shares rose by 0.32% to 2.78% at 11:01 IST on BSE after a gauge of six metals traded on the London Metal Exchange jumped 3.16% to 3,024.80 on Monday, 19 October 2009. The BSE Metal index was up 1.42% to 16,007.52 and was the second best performer among the sectoral indices on the BSE. It outperformed the Sensex, which was up 0.27% to 17,372.46 The BSE Metal index outperformed the market over the past one month till 17 October 2009, rising 8.94% as compared to the Sensex's 3.68% rise. It had also outperformed the market in the past one quarter, surging 41.77% as compared to the Sensex's return of 17.50%. Sterlite Industries (up 0.32%), Steel Authority of India (up 2.78%), JSW Steel (up 0.86%), Hindalco Industries (up 2.71%), Tata Steel (up 1.96%), Jindal Saw (up 1.77%), Hindustan Zinc (up 1.50%), Jindal Steel & Power (up 1.26%), gained. Metal prices surged on the London Metal Exchange (LMEX) after the US dollar tumbled to 14-month lows against the euro, drawing i...

Proposed sell-off may fetch Rs 8,800 cr at current share price. Our Bureaus New Delhi/Chennai, Oct. 19 The Centre has cleared partial sale of its stakes in state-run power major NTPC Ltd and an unlisted hydro-electric firm Satluj Jal Vidyut Nigam Ltd (SJVNL) through the book-building route in the domestic market. The Cabinet Committee on Economic Affairs (CCEA) on Monday gave its nod to sell 5 per cent of the Centre's stake in NTPC and 10 per cent in SJVNL, the Commerce and Industry Minister, Mr Anand Sharma, told reporters after the meeting. GOVT HOLDING In the case of NTPC, which made an initial public offer in 2004, the Government will divest stake through a follow-on public offer, which is likely by December, a senior Power Ministry official said. Post the stake dilution, the Government's holding in NTPC would fall to 84.5 per cent from the current 89.5 per cent. "To make it inclusive and participatory, part of the share...

The demographic shift in favour of the young and a higher floating population in urban areas translate into higher demand for pressure cookers in India. The company is roping in new customers through its retail chain, 'Prestige Smart Kitchen' . Rajalakshmi Sivam Demand for pressure cookers in growing consumer markets never runs out of steam. This augurs well for TTK Prestige, the company which owns the single largest pressure cooker brand in the country. Against the 8 per cent growth reported by the industry last year, TTK Prestige reported a 17 per cent growth in its sales volumes. With the company roping in new customers through its retail chain — 'Prestige Smart Kitchen' — its auxiliary products (kitchen electrical appliances, cookware) are also doing well in the market with a growth of over 25 per cent in the last five years. The stock trades at 14 times its trailing one-year earnings. Investors can add this small-cap stock to their ...

IGNORING GOOD news such as positive global cues, liberal bonus issue from Reliance Industries and better-than-expected results from Infosys, markets tumbled from highs on heavy selling pressure during the week ended. On the Bombay Stock Exchange (BSE), the Sensex plunged 492 points to close at 16,643 and the Nifty on the National Stock Exchange (NSE) fell by 138 points to 4,945. Market breadth was negative during the most part of the week reflecting caution among market participants ahead of the "festival week." Telecom and IT scrips proved to be the biggest drag on the indices. FMCG and metal stocks were in demand on sustained buying interest. With several companies sucking liquidity by issuing QIP, IPO, GDR and other instruments, money flow to the secondary market is getting limited. Simultaneously capital inflows have led to strengthening of rupee hitting hard the export-oriented companies. A result of one company does not change the overall outlook; keep track of broader ...

Reliance Infrastructure rose 3.03% to Rs 1237.65 at 10:52 IST on reports a consortium of the company and Hyundai Engineering is likely to win a contract worth Rs 1500 crore to connect Mumbai's Bandra-Worli sea link with Haji Ali. Meanwhile, the BSE Sensex was up 65.46 points, or 0.46%, to 14330.99. On BSE, 2.45 lakh shares were traded in the counter. The scrip had an average daily volume of 20.64 lakh shares in the past one quarter. The stock hit a high of Rs 1259 and a low of Rs 1217.90 so far during the day. The stock had hit a 52-week high of Rs 1373.70 on 1 June 2009 and a 52-week low of Rs 354 on 27 October 2008. The stock had outperformed the market over the past one month till 18 June 2009, rising 19.96% as compared to the Sensex's 0.13% decline. It had also outperformed the market in the past one quarter, soaring 150.05% as against the Sensex rise of 58.92%. The large-cap private sector utility and infrastructure developer has an equity capital of Rs...

Can you please confirm if what explained in this article still is true? Bonus shares offer big tax benefits Nikhil Lohade & Nimesh Shah in Mumbai | April 15, 2004 10:10 IST With big technology and pharma companies announcing bonus share issues, it's time to reveal a secret: Bonus shares can be effectively used a tax saving tool. How is this done? Simply, the loss incurred after selling a stock once it turns ex-bonus can be used to set off against short-term capital gains. Bimal Doshi, Mumbai-based chartered accountant and management consultant, explains how shares of the company which announces bonus shares can be effectively used as a tool of tax planning. As per the Income Tax Act, the cost of acquisition of bonus shares is taken at NIL, while cost of original shares remains at the cost at which there were purchased i.e. cum-bonus price. How effectively tax can be saved is explained by the following example. Suppose short-term capital gain realised by an individual is Rs ...

  By Vikas Agarwal, ET Bureau The domestic stock markets have been through a spectacular rally over the last three months. The markets recorded a sharp rise in some of the most beatendown sectors during the last year. After the formation of stable government at the centre, the first budget of the newly-elected government is to be announced in first week of July. Investors have high expectations from the first budget of this government and hence there is some very bullish undertones in the markets. Here are some significant factors that investors should look for in a sector before choosing stocks from it:   Auto Stocks in the auto sector have been in an uptrend during the last few months and therefore, the valuations in the auto sector stocks are no longer cheap at the current levels. Those invested in auto stocks can book some profits and hold the remaining with a tight stop-lo...