Markets start Samvat 2066 on flat note

News Flash

FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 17/10/2009 | 07:55 PM IST

Top Stories

NDTV Correspondent

Saturday, October 17, 2009 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

On the first day of the traditional Hindu calendar year, the Sensex ended at 17,326, a gain of just 3 points. The Nifty ended almost unchanged from Friday’s closing value of 5,142.

The Sensex started the 60-minute special trading session on a positive note, advancing 171 points at its highest point but could not sustain the gains as the session progressed.

While consumer durable, IT and metal stocks saw some buying activity, banking stocks were under pressure. The market breadth on the BSE was however strong, with 1934 stocks advancing while 581 stocks declined. The BSE smallcap index ended 1.36 per cent higher while the midcap stock gained 0.65 per cent.

Angel Broking CMD Dinesh Thakkar said valuation concerns have been overdone. Though the market has sharply appreciated, it is still not overvalued, he said, adding that the visibility on corporate earnings would be key driver for the markets.

Sanjay Sinha, CEO of DBS Chola Mutual Fund, said in case the earnings disappoint in some cases, markets might be cushioned by higher foreign inflows on the back of strengthening rupee.

Some sectors like IT and pharma have not fully participated in rally seen over the last year. If rupee headwinds are not too strong, they could be the sectors to watch for in Senvat 2066, Sinha added.

Among the Sensex stocks, exactly half of them advanced while other half declined.

Sterlite Ind was up 2.9 per cent to be the biggest gainer among the group. TCS, ACC, Bharti and RCom posted over 1 per cent gains each.

Bank stocks ICICI Bank and HDFC Bank closed down nearly 1 per cent.