Indian equities closed near January 2008 high levels on Monday as foreign institutional investors remained bullish following better than expected economic data from across the globe.
National Stock Exchange’s Nifty ended at 5760, up 119.95 points or 2.12 per cent. The index touched high of 5770.60 and low of 5639.20 in today’s trade.
Bombay Stock Exchange’s Sensex closed at 19208.33, up 408.67 points or 2.20 per cent. The sensitive index hit intraday high of 19243.44 and low of 18845.31.
BSE Midcap Index was up 0.75 per cent and BSE Smallcap Index moved 0.18 per cent higher.
Amongst the sectoral indices, BSE Bankex gained 3.70 per cent, BSE Oil & gas Index advanced 2.56 per cent and BSE Realty Index advanced 2.32 per cent.
State Bank of India (5.83%), HDFC (5.60%), Kotak Bank (4.67%), Hindalco (4.61%) and Reliance Infrastructure (4.51%) were amongst the top Nifty gainers.
Idea Cellular (-2.48%), Reliance Communications (-2.02%), Wipro (-0.98%), Reliance Capital (-0.89%) and Suzlon Energy (-0.78%) resisted the upmove.
Market breadth was positive on the NSE with 1639 gainers against 1592 losers.
India’s Index of Industrial Production ((IP) for the month of July was reported Friday to have grown 13.8% beating market forecast of 8.4%. European markets also moved higher after Basel III norms for banks were announced. In the US, wholesale inventories rose 1.3% in July, much better than the forecasted 0.5% and US jobless claims fell to a two-month low.
Monday, September 13, 2010
Nifty ends above 5750; banks, oil & gas, realty up
Tuesday, September 7, 2010
India, China look top investment targets to 2012: UN
GENEVA: The world's biggest companies are planning to boost their international investments over the next two or three years, with most spending planned in major emerging economies, according to a United Nations study.
China, India and Brazil are the top three target countries for foreign direct investment (FDI) until the end of 2012 with the United States, for years number one, now in fourth place, the U.N. trade and development agency UNCTAD said.
The Geneva-based agency, which acts as a think-tank on economic trends in developing nations, said the global economic crisis from 2008 was less harmful than feared for investment.
The conclusions were based on a survey of the FDI climate among 236 leading multinational corporations and 116 investment promotion agencies.
Global investment flows slumped in 2008-09 as a result of the economic downturn but are expected to recover slowly in 2011 and 2012.
MERGERS AND ACQUISITIONS
Incoming FDI, mostly from richer countries like the United States and the bigger powers in the 27-nation European Union, is a key component in development plans for many poorer countries.
But in recent years big firms based in the more successful emerging economies have taken a growing role, investing in both rich and poor nations, often through mergers and acquisitions.
The crisis had accentuated a shift of the geographical focus of FDI towards developing and former communist economies.
These countries accounted for 9 of the top 15 priority FDI destinations for global firms, UNCTAD said.
China was the number one attraction for the second year, with India up from third in 2009 and Brazil up from fourth, pushing the United States down from second.
Russia was fifth, the same as in 2009, but Mexico leapt to sixth place from 12th last year, leapfrogging Britain at seventh, Vietnam at eighth and Indonesia at ninth. Germany, Europe's biggest economy, fell from seventh to 10th.
Thailand, Poland, Australia, France and Malaysia were the five countries next most favoured, the UNCTAD survey showed.
In July, UNCTAD predicted that total FDI flows could rise to $1.3-$1.5 trillion in 2011 after $1.2 trillion this year, and jump to $1.6-$2 trillion in 2012.
The highest total on record was $2.1 trillion in 2007, but this fell 16 percent in 2008, then a further 37 percent to $1.11 trillion in 2009 as the crisis left companies slashing spending.
UNCTAD said optimism that the worst of the crisis was over had encouraged companies to revise investment programmes, with some 58 percent saying they would boost FDI in 2011-12.
But it noted that optimism was greater among multinationals based in the developing world than among those in richer economies, especially those headquarted in Europe.
China, India and Brazil are the top three target countries for foreign direct investment (FDI) until the end of 2012 with the United States, for years number one, now in fourth place, the U.N. trade and development agency UNCTAD said.
The Geneva-based agency, which acts as a think-tank on economic trends in developing nations, said the global economic crisis from 2008 was less harmful than feared for investment.
The conclusions were based on a survey of the FDI climate among 236 leading multinational corporations and 116 investment promotion agencies.
Global investment flows slumped in 2008-09 as a result of the economic downturn but are expected to recover slowly in 2011 and 2012.
MERGERS AND ACQUISITIONS
Incoming FDI, mostly from richer countries like the United States and the bigger powers in the 27-nation European Union, is a key component in development plans for many poorer countries.
But in recent years big firms based in the more successful emerging economies have taken a growing role, investing in both rich and poor nations, often through mergers and acquisitions.
The crisis had accentuated a shift of the geographical focus of FDI towards developing and former communist economies.
These countries accounted for 9 of the top 15 priority FDI destinations for global firms, UNCTAD said.
China was the number one attraction for the second year, with India up from third in 2009 and Brazil up from fourth, pushing the United States down from second.
Russia was fifth, the same as in 2009, but Mexico leapt to sixth place from 12th last year, leapfrogging Britain at seventh, Vietnam at eighth and Indonesia at ninth. Germany, Europe's biggest economy, fell from seventh to 10th.
Thailand, Poland, Australia, France and Malaysia were the five countries next most favoured, the UNCTAD survey showed.
In July, UNCTAD predicted that total FDI flows could rise to $1.3-$1.5 trillion in 2011 after $1.2 trillion this year, and jump to $1.6-$2 trillion in 2012.
The highest total on record was $2.1 trillion in 2007, but this fell 16 percent in 2008, then a further 37 percent to $1.11 trillion in 2009 as the crisis left companies slashing spending.
UNCTAD said optimism that the worst of the crisis was over had encouraged companies to revise investment programmes, with some 58 percent saying they would boost FDI in 2011-12.
But it noted that optimism was greater among multinationals based in the developing world than among those in richer economies, especially those headquarted in Europe.
Monday, September 6, 2010
Sensex gains 346 points to close at 18,567
Indian stock market indices ended Monday’s session sharply higher, as equities in Europe rose to a four-week high after factory production in UK grew at a record pace in the third quarter.
Stealing a march over other sectors were metal stocks, with the BSE Metal Index gaining the most by 3.42 per cent. Oil & gas came next with 2.08 per cent lead, followed by banking at 2.04 per cent.
Of the key indices, Nifty ended the day at provisional 5580.25, advancing 100.85 points or 1.84 per cent from the previous close. The 50-share National Stock Exchange index recorded a high of 5589.40 after opening at 5479.55.
Bombay Stock Exchange’s Sensex closed at 18,567.17, higher by 345.74 points or 1.90 per cent. The 30-share index touched a high of 18,600.30 after opening at 18,124.29.
Top Sensex gainers were Tata Steel (6.47%), Hindalco (4.61%), Sterlite (4.01%), ICICI Bank (3.60%), Jaiprakash Associates (3.41%), Reliance Industries (3.20%), State Bank of India (3.12%), Maruti Suzuki (3%), Infosys Tech (2.47%), BHEL (2.34%).
The only losers were Hero Honda (-1.62%), Reliance Communications (-0.37%), Hindustan Unilever (-0.26%) and NTPC (-0.08%).
Stealing a march over other sectors were metal stocks, with the BSE Metal Index gaining the most by 3.42 per cent. Oil & gas came next with 2.08 per cent lead, followed by banking at 2.04 per cent.
Of the key indices, Nifty ended the day at provisional 5580.25, advancing 100.85 points or 1.84 per cent from the previous close. The 50-share National Stock Exchange index recorded a high of 5589.40 after opening at 5479.55.
Bombay Stock Exchange’s Sensex closed at 18,567.17, higher by 345.74 points or 1.90 per cent. The 30-share index touched a high of 18,600.30 after opening at 18,124.29.
Top Sensex gainers were Tata Steel (6.47%), Hindalco (4.61%), Sterlite (4.01%), ICICI Bank (3.60%), Jaiprakash Associates (3.41%), Reliance Industries (3.20%), State Bank of India (3.12%), Maruti Suzuki (3%), Infosys Tech (2.47%), BHEL (2.34%).
The only losers were Hero Honda (-1.62%), Reliance Communications (-0.37%), Hindustan Unilever (-0.26%) and NTPC (-0.08%).
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