14:00
Moneycontrol BureauLive Market Commentary 02:30pm Market Expert
The run in the stock market has been mainly led by cyclicals, with investors trimming down positions in defensives such as pharma, IT along with auto and auto ancillaries, says Dhananjay Sinha of Emkay Global. He says the market is right now favouring capital goods, banking, construction and real estate stocks.
Sinha expects to see rebound in growth and consolidation in markets post favourable election results.
"The rally, if you look at it in terms of composition, has started after the election dates were announced. Earlier on the market was still buoyant, but it was supported by some of the sectors, which showed growth and the so-called defensive names. So, there does seem to be a shift that has happened over the last one week," he told the channel.
02:20pm JK Lakshmi Cement speaks to CNBC-TV18
JK Lakshmi Cement expects average capacity utilisation for the company in the markets it operates to be around 82-83 percent, said Wholetime Director Shailendra Chouksey, in an interview to CNBC-TV18. However, for the ongoing quarter the company has been operating at 100 percent utilisation.
All the expansion plans undertaken by the company so far are on track, and expects the first production from the Durg plant to hit market by October 2014. The company is confident of upping the total capacity from current 5 million tones to 10 million tones (mt) by end of FY15, said Chouksey.
According to him the demand-supply scenario for the cement industry has improved of late; especially demand has seen an improvement since January 2014.
02:10pm Trade deficit in February shrinks
India's trade deficit recorded its steepest fall since September 2013 in the month of February to USD 8.13 billion from USD 14.12 billion in the year ago period and USD 9.92 in January, helped by sharp decline in oil and non-oil imports.
Imports recorded a steep 17 percent fall year-on-year signalling that government's efforts at containing deficit has paid off.
In January, imports dropped 18.07 percent to USD 36.6 billion, its sharpest decline in the preceding four months. However, a fall in February exports after seven months of consecutive growth somewhat marred the achievement.
02:00pm The profit taking continued in afternoon trade with the Sensex losing around 100 points after a 1000-point rally in previous five consecutive sessions.
The Sensex declined 105.95 points to 21828.88 and the Nifty fell 23.90 points to 6513.35. About 1154 shares have advanced, 1459 shares declined, and 173 shares are unchanged.
Hindalco Industries and Tata Steel maintained top position in the selling list of Sensex stocks, falling 4 percent each followed by Sesa Sterlite with 2.7 percent loss.
Healthcare major Sun Pharma and utility vehicle maker Mahindra & Mahindra slipped 2.9 percent and 2.4 percent, respectively.
Shares of ITC, HDFC Bank, Reliance Industries, Larsen & Toubro, HDFC, Maruti Suzuki, GAIL, State Bank of India and Bharti Airtel declined 0.4-1.7 percent.
However, Tata Power topped the buying list, rising 3.55 percent. Media reports suggest that the company and BSES distribution companies are set to get Rs 8,000 crore boost as Delhi power regulator works out a plan to liquidate past dues.
Tata Motors and Axis Bank gained 1 percent each while Infosys, ICICI Bank and Dr Reddy's Labs climbed 0.5 percent each.
State-run capital goods major BHEL continued its run, marching towards the Rs 200 level. The stock gained 1.7 percent.
Anda sedang membaca artikel tentang
MM, Sun Pharma, Sesa under pressure; Sensex Nifty weak
Dengan url
http://sehatgayahidup.blogspot.com/2014/03/mm-sun-pharma-sesa-under-pressure.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
MM, Sun Pharma, Sesa under pressure; Sensex Nifty weak
namun jangan lupa untuk meletakkan link
MM, Sun Pharma, Sesa under pressure; Sensex Nifty weak
sebagai sumbernya
0 komentar:
Posting Komentar