Faster, Higher, Stronger: Momentum in Stocks & Indices
In the 4x100m relay, Usain Bolt crossed the finishing line at almost 45km/h, to secure the gold medal. With this, he achieved a feat, known as the ‘triple triple’, which makes him the first athlete in history to win the 100m, 200m and 4x100m relay race three Olympics in a row. But these euphoric moments didn’t come easy. A good 12 years ago, at the 2004 Athens Olympics, Bolt was...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Escorts: Flash in the Pan?
    The stock of tractors and construction equipment manufacturer Escorts has had an extraordinary run, having nearly tripled in the past six months. In mid-August, Escorts jumped a whopping 18% on the announcement of divestment of the original equipment manufacturer (OEM) and export business of its auto products division. These businesses will be sold to Badve Engineering Ltd in an all-cash...
    Premium Content
    Monthly Digital Access

    Subscribe

    Already A Subscriber?
    Login
    Yearly Digital Access

    Subscribe

    Moneylife Magazine Subscriber or MAS member?
    Login

    Yearly Subscriber Login

    Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Nifty, Sensex still on an uptrend – Thursday closing report
    We had mentioned in Wednesday’s closing report that Nifty, Sensex might continue to rally. The major indices of the Indian stock markets were range-bound on Thursday and closed with minor losses over Wednesday’s close. The trends of the major indices in the course of Thursday’s trading are given in the table below:
     
     
    Following the big ticket announcement by Reliance Industries on Jio commercial launch, key Indian stock market indices were trading flat on Thursday afternoon. Most telecom stocks were trading lower. Selling pressure was seen in telecom, technology, media and entertainment (TECK) and realty sectors, while good buying was observed in auto, metal and fast moving consumer goods (FMCG) sectors. On the NSE, on Thursday, there were 479 advances, 993 declines and 50 unchanged.
     
    Taking the tariff war and competition in Indian telecom a new level, Reliance Industries Chairman Mukesh Ambani on Thursday said domestic voice calls on the Jio network will be free forever, and unveiled a four-month introductory offer of free voice and data services. "The era of paying for voice calls is ending," Ambani told the Annual General Meeting of Reliance Industries (RIL) in Mumbai. "No Jio customer will ever have to pay for voice calls again," he added. Bharti Airtel shares closed at Rs310.50, down 6.43% on the BSE. Reliance Industries shares closed at Rs1,029.15, down 2.73% on the BSE.
     
    Commercial vehicle major Ashok Leyland Ltd on Thursday said it sold a total of 10,897 units last month, down by 6%. In a statement issued here, the company said it closed last month selling 10,897 units -- down from 11,544 units sold in August 2015. While the sales of light commercial vehicles went up by two per cent last month to 2,696 units, the sales of medium, heavy commercial vehicles went down 8% to 8,201 units. Ashok Leyland shares closed at Rs83.80, down 4.45% on the BSE.
     
    India's leading car maker Maruti Suzuki India Ltd said on Thursday it logged 12% growth in sales in August. In a regulatory filing with the BSE, the company said it sold 132,211 units (119.931 domestic/12,280 exports) last month against 117,864 units (106,781/11,083) during August 2015. While the sales of utility vehicles zoomed last month to 16,806 units up by 114.5%, the mid-size car segment (Ciaz) the compact segment (Swift, Ritz, Baleno, Celerio and Dzire) and the van segment also logged sales growth. However Maruti Suzuki saw negative growth in its mini segment (Alto, WagonR) and super compact segment (Dzire Tour) last month as compared to sales logged in August 2015. Maruti Suzuki shares closed at Rs5,058.25, up 0.11% on the BSE.
     
    The Supreme Court on Thursday said that the National Mineral Development Corporation (NMDC) can continue with its dual pricing policy for iron ore. Under the dual pricing, NMDC sells iron ore at different prices in different states. While allowing the dual pricing policy, the court declined the plea by Vedanta to export the iron ore that it cannot sell in Goa and Karnataka. NMDC shares closed at Rs106.20, down 1.62% on the BSE. Vedanta shares closed at Rs170.20, up 0.09% on the BSE.
     
    The US dollar declined against most major currencies as economic data from the country came out mixed. In late New York trading on Wednesday, the euro rose to $1.1152 from $1.1137 of the previous session, and the British pound increased to $1.3128 from $1.3078, Xinhua news agency reported. The Australian dollar climbed to $0.7516 from $0.7505. US private sector employment added 177,000 jobs from July to August, above the market consensus of 175,000, according to the August ADP National Employment Report on Wednesday. The ADP figure is watched closely as a pre-indicator for the non-farm payrolls report due on Friday.
     
    The top gainers and top losers of the major indices are given in the table below:
     
     
    The closing values of the major Asian indices are given in the table below:
     
  • User

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)