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Popular Articles

'Investors' risk appetite is gradually returning'
The mutual fund industry has come for some serious criticism in the recent past. The reason: It has completely missed the stock market rally that started from early March and has given returns of over 70 per cent to investors. Madhusudan Kela, head (equities), Reliance Mutual Fund, which has the highest average assets under management and investor base, speaks to Palak Shah and explains why fund houses are being judged unfairly. Excerpts:

Flu deaths mount to 11, cases cross 1,000-mark
Maharashtra allows eight private hospitals to treat patients.

News of the day

Gap-down opening for Nifty seen
The Nifty on Friday closed above the resistance level of 5,060 to keep the current bull run moving. The index, however, is expected to face resistance above the 5,100 level next week. The SGX Nifty futures was down by over 50 points over the official close of 5,077 in the over-the-counter (OTC) session on Friday. The US and European markets closed more or less in a Doji pattern, indicating indecisiveness among participants. If this weakness continues, then we may see a gap-down opening on Monday.
Small Business

Markets reverse losing streak amid high volatility

The Indian bourses opened marginally higher at 16,317.16 - up 28 points. points - mirroring positive cues from the global markets. The US markets ended on a positive note after the US Federal Reserve said that the conditions in the world"s largest economy are showing signs of improvement. The Dow Jones Industrial Average added 0.4 per cent and the Nasdaq Composite Index was up 0.8 per cent, respectively. The Asian stocks too started on a strong note however pared some gains towards end of the day. The Hang Seng was up 1.61 percent and the Nikkei added 1.5 per cent, respectively. The Sensex surged to a high of 16,524.69 in morning trades, however a spike in the food price to 17.40 per cent saw index tumble into the red. The BSE benchmark index slipped to a low of 16,182.14, down 343 points from the day"s high. Today being, the January futures & options expiry day, the markets exhibited extreme volatility amid alternative bouts of buying and selling. The NSE F&O turnover today hit a fresh all time high, for the third day in a row. DLF and Sun Pharma increased 2% each to Rs 324 and Rs 1,446, respectively. HDFC, Grasim Industries, Maruti, Reliance and Mahindra & Mahindra, up 1% each. ...AND THE SHAKERS Bharti Airtel and Reliance Communications slipped 2% each to Rs 314 and Rs 171, respectively. Larsen & Toubro, Jaiprakash Associates, Hindustan Unilever and ACC were down 1.5% each at Rs 1,431, Rs 135, Rs 255 and Rs 868, respectively. VALUE & VOLUME TOPPERS Aban Offshore topped the value chart with a turnover of Rs 277.92 crore. It is followed by Tata Steel (Rs 199.26 crore), SBI (Rs 141.62 crore), Jai Corp (Rs 129.71 crore) and ICICI Bank (Rs 124.30 crore). Cals Refineries led the volume chart on the BSE with trades of 21.83 million shares. It is followed by Unitech (8.48 million), Ispat Industries (8.43 million), Suzlon (7.02 million) and Rashtriya Chemicals (6.56 million).


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