Sensex extends fall; defensives, IT stocks hit

Reuters Market Eye - The Sensex falls 0.34 percent, while the Nifty loses 0.31 as of 2.55 p.m. Defensive sectors extend falls as investors continue to favour cyclicals and high-beta stocks, betting on additional government reforms and global liquidity from the U.S. Federal Reserve's new asset purchase programme.Most software services exporters decline tracking a recent surge in the Indian rupee and...

Karunanidhi blames Jayalalithaa for power shortage

DMK President M Karunanidhi today alleged Chief Minister J Jayalalithaa had not estimated future power requirements of the state and claimed the previous government headed by him had taken efforts to generate nearly 7800 mw during its 2006-11 rule."Factoring the future power needs after assuming power in 2006, DMK took efforts to generate 7798 mw of power but after the change of regime, many projects...

Sensex ends the day down 80 points; HUL, ITC fall

markets ended in the red on Monday after starting choppy in the morning, dragged down by FMCG stocks despite a rally in power sector stocks.The 30-share BSE Sensex closed the day at 18,673.34, down 79.49 points, while the Nifty ended at 5,669.60, down 21.55 points.Defensives pulled the markets down as investors preferred high-beta stocks on renewed hopes of reform measures and the US Federal Reserve’s...

Sensex falls 40 points, FMCG, oil and gas down (Lead)

fell by 40 points Monday in late afternoon trade due to heavy selling pressure in FMCG, oil and gas and health care stocks....

Sensex, Nifty listless in rangebound trade

11.44 a.m., the 50-share NSE Nifty was at 5,697.50, up 6.35 points, while the 30-share BSE Sensex traded 8.19 points higher at 18,761.02.Benchmark indices Sensex and Nifty began on a choppy note -- after Standard and Poor’s downgraded India’s growth forecast to 5.5 per cent from 6.5 per cent – but turned rangebound towards midday.Defensives dragged the markets down as investors preferred high-beta...

Sensex, Nifty fall in early trade; Defensives drag, power lenders gain

benchmark indices Sensex and Nifty fell in early trade on Monday dragged by defensive sector stocks, which fell as investors continue to bet on the government's reform measures and the U.S. Federal Reserve's new asset purchase programme, to favour beaten-down and high-beta stocks.At 10.41 a.m., the 50-share NSE Nifty was at 5,683.00, down 8.15 points, while the 30-share BSE Sensex traded 44.50 points...

Indian shares fall; defensives drag, power lenders gain

BSE index fell 0.2 percent in early trading, while the 50-share NSE index fell 0.18 percent.Defensive sectors fall as investors continue to bet on the government's reform measures and the U.S. Federal Reserve's new asset purchase programme, to favour beaten-down and high-beta stocks.falls 1.1 percent after Goldman Sachs downgraded the stock to 'neutral' from 'buy', saying it was trading above historical...

Sensex, Nifty cautious in early trade; RIL, TCS fall

opened with marginal gains but quickly headed into the red after news that S&P had downgraded India’s growth forecast to 5.5 per cent.At 9.40 a.m., the 50-share NSE Nifty was at 5,682.95, down 8.20 points, while the 30-share BSE Sensex traded -31.40 lower at 18,721.43.Index heavyweight Reliance Industries, TCS, ICICI Bank and Tata Motors fell 0.5-1 per cent. State Bank of India, Bharti Airtel and utility...