Tag Archives: Market

Indian Market Trades Positive; CARE Debuts Strong

Indian Markets opened positive on Wednesday with BSE Sensex up by 42 points at 19296 and NSE Nifty up by 11 points. Asian Markets were trading strong as well. Nikkei 225 was trading higher as Japanese Yen was weak compared to US Dollar and Euro.

CFO of McLeod Russel has expressed his view that tea prices are likely to remain strong during year 2013. As the production of tea was hit by weather, the supply constraint will most likely push up prices. McLeod Russel stock was up by 0.6% at Rs 356.

Bharti Airtel, JP Associates, Ranbaxy Labs, Cipla and Sun Pharma were among major gainers in todays session. Infosys, TCS, Wipro and other technology counters were trading marginally lower. Banking stocks were also trading lower compared to previous close.

Market analyst SP Tulsian has given buy call for Balrampur Chini. Sudarshan Sukhani has given buy call for Sesa Goa. Manoj Murlidharan has given buy call for ITC with target price of Rs 301.

CARE has debuted on stock market today with positive surprise for retail investors. The stock has touched intraday high of Rs 985 and is currently trading at Rs 964 on back of strong trading volume.

Indian Market Closes Marginally Lower; Metal Stocks Shine

Indian Stock Market closed marginally lower after hovering in negative territory for the trading session. European markets closed marginally higher compared to previous closing. BSE Sensex was down by 22 points at 19453 during the closing bell.

USD gained further ground compared to Indian currency. USD-INR was trading at 54.85. Euro was also trading strong at 72.81. Euro is near its all time high compared to Indian currency.

Among major gainers in today’s session were metal stocks. Hindalco gained 2.35% to close at Rs 132. Jindal Steel gained 2.2%. Tata Steel was also higher by 1.77% at Rs 431.

Major losers included Ambuja Cements, Sun Pharma, BPCL and Jaiprakash Associates.

Among major companies, Reliance, ONGC, ITC and Coal India closed flat. TCS gained Rs 19.4 to close the day at Rs 1252.

The banking amendment bill received final approval in the parliament today. BJP has retained similar number of seats in Gujarat. Congress won 36 seats in Himachal Pradesh.

Indian Market Closes Higher; CAC Gains; FTSE Flat

Indian Stock Markets closed marginally higher on Tuesday. BSE Sensex closed 42 points higher at 19348 and NSE Nifty closed 5 points higher compared to yesterday’s close. Among European stocks, CAC was up by 0.8%. DAX and FTSE were marginally higher.

Jaiprakash Associates was among major gainers in today’s trade. The stock closed above Rs 100 after gaining 4.4%. Tata Power, Reliance and Ranbaxy Labs were among major gainers.

Top losers included Ambuja Cements, Mahindra & Mahindra, Wipro and TCS. The markets are looking at FDI in retail decision as various political parties have kept their cards hidden on the issue.

Rating agency Moody’s has maintained negative outlook for Indian banks. The financial services and banking sector is facing pressure on margins.

USD was trading at 54.68 compared to INR. Euro was strong compared to Indian currency at 71.52. Gold prices were down by 0.44% at Rs 31125 per 10 grams.

Indian Markets Recover; Asian Markets Lower

Indian Markets bounced back on Thursday with NSE Nifty strongly over 5000 mark and BSE Sensex nearly a per cent higher at 16635.

Gold was trading at 28,440 per 10 grams while Silver was nearly a per cent down at 54,700.

In today’s trading session, IDFC was up by 5% at Rs 121. Cairn India was trading higher by 3.9% at Rs 320. BHEL and Kotak Mahindra Bank were also among major gainers.

After yesterday’s rally, pharmaceutical major Ranbaxy Labs was trading lower today. PNB was also trading lower. Among other losers were auto major Maruti Suzuki and technology leader Infosys Technologies.

Indian markets are expected to close positive today. Among sectoral indices, BSE Auto was up by 101 points. Capital Goods and BSE Metals indices were also trading with decent gains.

New Ice Cream Sandwich to Hit Market Soon

You will now see a new and completely changed Android 4.0 or Ice Cream Sandwich to serve your needs. Yes, Android 4 has gone under complete overhaul of the interface.

Also, its users do not need to work on the hardware buttons because they have been now replaced by virtual Android buttons for menu, back and home as well.

Some more features that the new Android 4 will feature are: unlock using face recognition, improved camera, built-in photo editor, Android Beam NFC (near field communications), a new tabbed web browser and a new gallery layout. Moreover, users can also enjoy better copy/paste results, improved keyboard, widgets, launcher, efficient video recording, clear voice recognition, search and voicemail.

The confirmations about Android 4 have been released by Samsung, which has announced recently about updating its Galaxy SII to Android 4.0. But, the company has yet not cleared the date when the update will be available. So, users will have to wait for some more time to enjoy the services of the updated device.

People worldwide are waiting for Samsung to officially launch its Android 4.0 Ice Cream Sandwich phone in the United States. Sources have revealed some unusual reports about the CyanogenMod team, which according to reports, is serving up their take on the new mobile OS for certain phones right now.

CyanogenMod, the aftermarket firmware for Android phones is basically a ROM with the help of which, it becomes easier to get all kinds of new features and controls to Android, along with a slick interface. Reports have confirmed that the lead developers in the team are working hard since last few weeks to build a new CyanogenMod 9 (based off the open source code for Ice Cream Sandwich), which Google recently released.

China Supersedes US’s Smartphone Market

The Strategy Analytics, a research firm, has revealed that China has recently surpassed the US in the smartphone market. It has been revealed that the delivery and operation of smartphone in China market has increased by
58% in the third quarter of this year.

It is believed that a surge in the China’s smartphone market has occurred due to subsidies offered by operators like Apple. Moreover, lower price smartphones running on Google have also helped in boosting the Smartphone market of China.

Although the smartphone market of China has witnessed a surge, its shipments in the US have experienced a decline of 7%. Nokia alone shipped 6.8 million smartphones to China. Beside, Samsung shipped about 4.2 million smartphones in the China.

While commenting upon the progress of China’s smartphone market, Strategy Analytics Executive Director Neil Mawston said, “China is now at the forefront of the worldwide mobile computing boom. China has become a large and growing smartphone market that no hardware vendor, component maker or content developer can afford to ignore”.

It is for the very first time when China has overtaken the US in the smarphone market. China has gained the reputation of world’s largest mobile phone market as it has 952 million users. Moreover, its market is continuously growing. With the advent of 3G phones, it’s believed that the China’s smartphone market would witness more demand.

As the China has turned a powerful smartphone market, the international hardware vendor and component developers can not afford to ignore it. In the coming time it will be interesting to see as to how far the smartphone market of China grows worldwide. Moreover, it would also be interesting to see as for how long it continues to supersede the US smartphone market.