Tag «Banking stocks»

Infy beats street; Nifty closes above 6000

12th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Infy beats street; Nifty closes above 6000 It was another day of stellar gains for the Indian equity market. The benchmark indices continued their upswing on day two on strong set of results by Infosys. The IT bellwether reported an about 4% …

Tight range: Sensex, Nifty end with gains

9th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Tight range: Sensex, Nifty end with gains It was a choppy Tuesday session with the benchmark indices trading in a narrow range. The Nifty traded in a tight band of 30 points while the same for the Sensex was 100 points. The …

Profit booking sets in; Re near 60/$

2nd July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Profit booking gripped the benchmark indices today after three days of consecutive gains. Every time the bulls tried to bounce back, a deluge of selling pressure stemmed their tide. Negative vibes from the European equity market also proved to be a dampener. …

17th May, 2013 : Late spurt keeps Sensex, Nifty positive

The Indian equity market extended its rally for the fourth straight session even though the global rating agency Standard & Poor’s (S&P) affirmed BBB- rating for India with a negative outlook. Capital goods stocks which were underperformers in the current rally staged a comeback. Market buzz is that the government may kick-start  activities to push …

5th April, 2013 : Sell-off continues; Sensex, Nifty lie low

The crack gets bigger and bigger for the Indian equity markets as the downfall further extended to third straight trading session on Friday. Reports stated that continues offloading by the India-focused exchange-traded funds (ETFs) further dragged the benchmark indices lower. These funds were reportedly facing strong redemption pressure. The NSE Nifty has now dropped over …