5:30 PM Mumbai – Stocks in Mumbai closed lower in a volatile trading. Sustained elevated inflation and rising fuel prices has kept investors on the sidelines. The rupee edged lower to 45.36 as crude oil prices traded above $100 a barrel.
Stocks in Mumbai trading closed lower at close after a choppy trading that saw resource and commodities linked stocks gaining and airlines, banks and interest sensitive stocks declining.
The ministers’ panel to discuss the next fuel price hike was deferred as inflation hovered near the recent highs and food prices remain elevated.
India’s economic growth estimate above 8% is likely to face a strong challenge from a sustained elevated inflation and inability of the Reserve Bank of India to stem it.
The Sensex index declined 16.19 to 18,512.77 and the Nifty index dropped 9.85 to 5,541.25.
The rupee edged lower 36 paisa to 45.06 against a dollar and price of ten grams of gold increased 0.3% to Rs 23,100. Silver price for one kilo closed up 2.2% to Rs 60,400.
Stock Movers
Mafatlal Industries increased 5.6% to Rs 218.35 after it agreed to sell its 30,910 square meters in Mumbai to Gilders Buildcon LLP controlled by Ajay Piramal Group for Rs 606 crore.
HDFC declined 03.5% to Rs 662.25 after net income increased 23% to Rs 1,141.95 and net sales increased Rs 3,784.86 crore in the fourth quarter to March.
Aurobindo Pharma soared 7% to Rs 193.90 after the company talked about possibilities of spinning off its active pharma ingredients and formulation business.
NTPC increased 4.6% to Rs 180.75 after net jumped 37% to Rs 2,781.84 crore and sales increased Rs 15,518.94 core in the quarter to March from a year ago quarter.
SKS Microfinance soared 10% to Rs 297.85 after the subprime lender plunged 50% in the last two weeks of trading.
United Spirits gained 7% to Rs 538.10 on higher than average volume.
Hindustan Unilever advanced 4% to Rs 297.15 after the company reported better than expected earnings and decided to split its exports unit. For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
Indian stock market
- Bharti Infratel IPO issue price at Rs 220 per share
- Maruti Suzuki India stock projections 2013 -2014
- Omkar Speciality Chemicals shares outlook 2013
- Tech Mahindra stock outlook 2012-2013
- MCX Gold trend for november 12-16 2012
- MCX commodities prices expected october 23 2012
- astrological stock market predictions october 15-19 2012
- Indian stock markets forecast october 8-12 2012
- Nifty futures tips october 1-5 2012
- Indian stock market prediction october 1-5 2012
- Religare Finvest ncd issue
- Ranbaxy stock prices forecast 3-7 september 2012
- sme platform release date 9/4/ 2012
- NSE Guidelines SME Platform
- Why Tech Mahindra shares prices down august 30, 2012
- Nifty, Sensex outlook week 27 - 31 august 2012
- Sensex, Nifty rose 8/21/2012
- Shree Renuka Sugars stock outlook next week august 21 2012
- Delta Corp outlook next week august 21 2012
- MCX gold prices outlook week august 21 2012
- Federal Bank projected remittances 2012-2013
- Indian markets nifty outlook august 20-24 2012
- Nifty, Sensex for week july 30-3 august 2012
- mcx crude palm oil prices july 24 2012
- Indian stock market for july 23-27 2012
stock
- Best Vanguard High Dividend Yield 2012
- stock market crash august 8 2011, good trading opportunities
- Stock Market Report Week July 30 2011
- stock market prediction august 2011
- Mexico Stocks Preview july 25 2011
- top risers in the FTSE 100 July 25 2011
- best Stocks to buy july 25 2011
- stock market prediction for week 25 july 2011
- Stocks active trade on Friday july 22 2011, Microsoft, Advanced Micro Devices, Caterpillar, General Electric, Schlumberger, Verizon Communications, Mc
- NASDAQ ARUN stock prices prediction
- ETFs Stock To Watch July 21, 2011
- Top Stocks Pick Trading Ideas july 21 2011
- NASDAQ Stock Market Movers July 21 2011, DTLK, MLNX, HOGS, TRMS, ALTH, FWRD, STX, MKSI, FFIV, TSCO, CAKE, QCOM
- Best stock to Buy July 20 2011, PowerShares , Apple Inc, iShares Russell 2000 Index,
- Best stock to buy july 19 2011, Stocks to Watch
- companies are having unusual price changes in Bogota trading july 18 2011
- best-performing stocks week july 18 2011
- EV Energy Partners Stock prices rose july 18 2011
- Best-Performing Canadian Stocks July 16, 2011
- Ultra Electronics stock predictions
- Best consumer stock picks 2011
- Best-Performing IT Services Stocks week July 16 2011
- Wall Street Stock market Forecast For Week Of July 18 2011
- Zillow price range for IPO per share july 18 2011
- Freeport McMoRan Copper and Gold Inc stock prices analysts
No comments:
Post a Comment