Sensex opens 81 points higher in early trade

MUMBAI: The Bombay Stock Exchange benchmark Sensex opened higher by 81 points on buying in auto, banking and oil stocks by funds.

The 30-share index recovered by 81.44 points to 18,132.22 points in the first five minutes of trading. It had lost 116.25 points in the previous session,

Similarly, the wide-based National Stock ExchangeNifty rose by 20.15 points to 5,438.45 points.

Brokers said investors indulged in buying in fundamentally strong shares available at attractive levels after a fall in the previous session.

Other Asian markets were mixed in early trade. Chinese shares were up 0.28 per cent on hopes of strong first-half corporate earnings, while Japanese Nikkei index lost 1.16 per cent. Hong Kong shares fell by 0.10 per cent in early trade.

TOI

Tata becomes India’s most valued group

NEW DELHI: Coinciding with the beginning of a search for chairman Ratan Tata's successor, the Tata Group has become the country's wealthiest, with a market value of about Rs 3,71,000 crore — higher than that of the business houses led by the two Ambani siblings.

The Tata Group is followed by Mukesh Ambani-runReliance Industries (RIL) group as the second-most valued firm (Rs 3,21,750 crore), Anil Agarwal-promoted Sterlite group at third (Rs 1,35,300 crore), Anil Ambani group (ADAG) at fourth (Rs 1,25,000 crore) and Sunil Mittal-led Bharti group at fifth (Rs 1,20,500 crore), in terms of cumulative market capitalisation.

However, the Tatas would be relegated to second position if the market values are combined of the two Reliance groups — one led by Mukesh and another by younger sibling Anil — in the backdrop of their now harmonious relationship after years of acrimony till a few months ago.

The combined market capitalisation of the two Ambani groups currently stand at nearly Rs 4,47,000 crore — higher than the Tatas by nearly Rs 77,000 crore. At the end of the previous quarter (April-June 2010), the Tata group had a total market cap of Rs 3,26,000 crore — making it the second-most valued firm after the Mukesh Ambani group. With just two listed companies — RIL and Reliance Industrial Infrastructure Ltd (RIIL) — the Mukesh Ambani group had a market cap of nearly Rs 3,58,000 crore at the end of the previous quarter. It has declined by nearly Rs 37,000 crore so far in the current quarter.

ADAG's m-cap, with seven listed companies, was around Rs 1,42,400 crore at the end of the June quarter. The group was the country's third-most valued after the Mukesh Ambani and Tata Group at the end of the previous quarter.
pti

Sensex opens lower on weak global cues

MUMBAI: The Bombay Stock Exchange benchmark Sensex opened 73 points lower on profit booking by funds in line with weak global cues.

The 30-share barometer fell by 73.32 points to 18.093.71 points in the first five minutes of trading.

The wide-based National stock Exchange Nifty index declined by 5.80 points to 5,446.30 points.

The selling pressure following a weak opening in the Asian region. Hong Kong's Hang Seng index traded lower by 0.26% while Japan's Nikkei was down 1.18% in early trade.
TOI

Sensex slips in last session, off day's highs

MUMBAI: A benchmark index for Indian equities Friday closed 96 points higher, paring some of its intra-day gains.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened higher at 18,080.29 points, closed at 18,168.99 points (provisional), 95.09 points or 0.53 percent up from its previous close at 18,073.9 points.

At the National Stock Exchange (NSE), the broader

50-share S&P CNX Nifty followed a similar trajectory to close 0.69 percent higher at 5,456.65 points.

Broader markets also did well with the BSE midcap index closing 0.98 percent up and the BSE smallcap index ending 0.63 percent higher.

TOI