India Market

Indian shares rise to 1-1/2 week closing high as Modi steps up reforms

* BSE index gains 0.55 pct; NSE ends 0.61 pct higher * Coal-related stocks surge on reforms * Telecoms firm Bharti gains after rival Idea's profit beat * Financial Tech slumps after govt orders merger with unit By Abhishek Vishnoi MUMBAI, Oct 21 - Indian shares rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks as coal-related stocks such as Jindal Steel and Power surged on the government's plans to auction coal blocks the top

India rupee edges higher tracking share gains; broad dlr gains hurt

MUMBAI, Oct 21 - The Indian rupee rose for a third consecutive session on Tuesday as expectations for more reforms continued after the government announced it would auction coal blocks, but broader gains were capped by a rising dollar globally.

5:31pm IST

Indian shares rise to 1-1/2 week closing high as Modi steps up reforms

MUMBAI, Oct 21 - Indian shares rose for a third straight session on Tuesday to mark their highest close in 1-1/2 weeks as coal-related stocks such as Jindal Steel and Power surged on the government's plans to auction coal blocks the top court cancelled in August.

3:36pm IST

MARKET EYE-India's Financial Tech slumps after govt orders merger with unit

* Financial Technologies (India) Ltd slumps 20 percent to its daily limit. * The government orders the company be merged with unit National Spot Exchange Ltd (NSEL). (http://bit.ly/1Dvu09R) * That means NSEL's liabilities will fall on Financial Technologies, traders say. * NSE had liabilities of nearly 55 billion rupees ($897.6 million). * The exchange has been under police investigation since August 2013 over a fraud probe. * Financial Tech has previously said it had no knowledge of wrongdoin

2:07pm IST

MARKET EYE -India's Adani Group shares gain; seen benefiting from coal measures

* Adani Enterprises gains 2 percent, while Adani Power is up 4 percent. * As part of measures on coal allocations, India allowed state- run companies to retain captive coal mines. * Adani Group has contracts to develop and operate those mines with state-run firms. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

11:19am IST

MARKET EYE -Cairn India's operating profit may lag estimates-StarMine

* Cairn India Ltd's July-Sept operating profit may lag consensus - Thomson Reuters StarMine's SmartEstimates. * Oil explorer may report operating profit of 27.75 billion rupees ($452.9 million) as per SmartEstimates. * Consensus mean estimate is 28.19 billion rupees. * Cairn India reports results later in the day. * Shares down 0.4 percent as of 0533 GMT. ($1 = 61.2700 Indian rupee) (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

11:05am IST

MARKET EYE -India's state-run power sector lenders surge on coal reforms

* Power Finance Corp gains 5 percent, while Rural Electrification Corp is up 3.6 percent. * India said on Monday it would auction coal blocks after the Supreme Court cancelled allocations in August. * Coal block auctions will reduce uncertainty regarding power generation companies that depend on the dry fuel, traders say. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

10:17am IST

MARKET EYE -India's Bharti gains after rival Idea's profit beats estimates

* Bharti Airtel gains 1.5 percent. * Rival Idea Cellular earnings beat estimates. * Bharti and Airtel both operate on GSM technology and have similar kinds of subscribers. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

10:16am IST

MARKET EYE -Indian shares gain; Modi steps up reforms, FIIs snap selling streak

* BSE index is up 0.5 percent, NSE index rises 0.48 percent. * Miners surge after government to auction coal blocks. * Jindal Steel and Power Ltd up 6 percent, while Hindalco Industries Ltd is up 1.3 percent. * The government also closer to sell stake in Oil and Natural Gas Corp, days after relaxing fuel price controls. * Also, overseas investors snap five-day selling streak. * Foreign investors bought shares worth 10.40 billion rupees ($169.9 million) on Monday - NSE. * Blue-chips lead gai

10:06am IST

MARKET EYE-Indian miners surge after govt to auction coal blocks

* Jindal Steel and Power Ltd gains 7 percent, while Hindalco Industries Ltd is up 2.2 percent. * India said on Monday it would auction off coal blocks after the Supreme Court cancelled allocations in August. * India also said winners of the coal block allocations would have to pay back previous holders of the permits for their investment with a 12 percent return, according to local media. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

9:50am IST
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BSE Gainers

Symb Last Change Chg %
MCFI.BO 4.58 +0.76 +19.90
SSPD.BO 15.19 +2.50 +19.70
PCOM.BO 71.50 +3.00 +4.38
BMTL.BO 304.25 +6.45 +2.17
GLON.BO 6.99 +0.03 +0.43

BSE Losers

Symb Last Change Chg %
SUMP.BO 1.66 -0.18 -9.78
ATRV.BO 6.41 -0.54 -7.77
BLCI.BO 0.61 -0.04 -6.15
PWOL.BO 2.91 -0.19 -6.13
STOR.BO 47.85 -0.25 -0.52

All Indian Indices

Data as of 21 Oct 2014. All quotes delayed at least 15 minutes.
Symb Index Mkt Report Time Last Chg Chg %
.BSESN BSE Sensex 17 Oct 2014 26,108.53 +109.19 +0.42%
.NSEI Nifty 16 Oct 2014 7,748.20 -115.80 -1.47%
.BSEOIL BSE Oil & Gas 17 Oct 2014 10,785.38 +243.24 +2.31%
.BSEIT BSE IT 17 Oct 2014 10,130.95 -422.46 -4.00%
.BSEMET BSE Metals 20 Oct 2014 11,022.56 +170.21 +1.57%
.BSEFMCG BSE FMCG 17 Oct 2014 7,339.67 +11.15 +0.15%
.BSECG BSE Capital Goods 20 Oct 2014 14,548.33 +290.36 +2.04%
.BSEBANK BSE Banking 20 Oct 2014 18,564.39 +315.80 +1.73%
.BSEREAL BSE Realty 17 Oct 2014 1,429.64 +13.60 +0.96%
.BSEAUTO BSE Auto 17 Oct 2014 17,375.10 +356.33 +2.09%
.BSEPOWER BSE Power 17 Oct 2014 1,988.86 +26.35 +1.34%
.BSEHC BSE Healthcare 17 Oct 2014 13,679.12 +211.97 +1.57%

Markets

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Nikkei 14,804.28 -306.95 -2.03%
Hang Seng 23,088.58 +18.32 +0.08%
Sensex 26,108.53 +109.19 +0.42%
EUR/INR 78.287 +0.03%
USD/INR 61.105 -0.32%
GBP/INR 98.901 +0.17%
Gold 1,236.80 -1.50 -0.12%
Oil 82.70 -0.05 -0.06%
Corn 344.50 -3.50 -1.01%
Symb Last Chg % Volume
ALID.BO 0.35 +2.94 22,681,041
SISP.BO 0.27 -3.70 10,473,873
UNTE.BO 17.55 +1.15 6,936,314
Data as of Tue Oct 21, 2014 7:19pm IST.

Nifty Most Actives

Symb Last Chg % Volume
UNTE.NS 17.65 +0.57 50,138,660
JAIA.NS 29.95 +0.67 30,130,651
DLF.NS 115.15 +4.11 26,767,160
Data as of Tue Oct 21, 2014 7:19pm IST.
Symb 4 wk rating
change
Current mean
rating
MHSM.NS 3.00 to 2.00 Outperform
CALK.NS 2.00 to 1.00 Buy
GILE.NS 2.00 to 1.00 Buy
Symb 4 wk rating
change
Current mean
rating
ADME.NS 1.00 to 4.00 Underperform
MCEI.NS 2.00 to 2.60 Hold
CMC.NS 2.38 to 2.88 Hold
Photo

Govt orders Financial Tech to absorb NSEL, liabilities

MUMBAI - The government on Tuesday ordered trading software provider Financial Technologies (India) Ltd to fully absorb its defunct unit National Spot Exchange Ltd (NSEL) and assume the outstanding liabilities of the troubled commodities bourse.