Showing posts with label equities. Show all posts
Showing posts with label equities. Show all posts

India's BSE index falls from nearly 3-year high; US debt deal key

BSE index falls 0.29 pct; NSE ends 0.39 pct lower * Indian shares snap 5-day winning streak * HDFC Bank posts slowest quarterly profit growth in a decade * Investors turn 'equal-weight' on India - Morgan Stanley survey By Abhishek Vishnoi MUMBAI, Oct 15 - India's benchmark index fell on Tuesday, retreating from a nearly three-year high hit earlier in the session, as blue chips declined ahead of the Oct. 17 deadline to lift the U.S. debt ceiling. Lenders also

BSE Sensex up in morning trade on sustained buying, Jet Airways shares gain

Sensex up on buying, Jet Airways shares gain

The BSE benchmark Sensex continued its rising sreak and was trading over 100 points in morning trade on Friday on sustained buying by funds as well as retail investors, ignoring a weak trend on the other Asian boures.

At 10.38 am, Sensex was up 93.11 points at 19995.18. Similarly, Nifty was up 33.95 points at 5943.65 during the same time.

The 30-share index gained 60.89 points, or 0.31 per cent, to trade at 19,962.96 points in early trade with auto, consumer durables, IT and realty sector stocks leading the rise. It had rallied over 522 points in the past two sessions.

On the similar lines, the wide-based National Stock Exchange index Nifty moved up 12.00 points, or 0.20 per cent, to 5,921.70.

Brokers said sustained buying by funds as well as retail investors took place as the partial US government shutdown eased fears about the Federal Reserve tapering its monetary stimulus programme soon.

Stocks of Jet Airways turned buyers' fancy and shot up by 3.60 per cent to Rs 400.50 after the Union Cabinet on Thursday night cleared its proposed sale of 24 per cent equity to Abu Dhabi-based Etihad.

In the Asian region, the Japan's Nikkei fell 0.90 per cent, while Hong Kong's Hang Seng shed 0.72 per cent in early trade.

The US Dow Jones Industrial Average ended 0.90 per cent lower in Thursday's trade.