India Market

Indian shares soar to record; banks surge on Kotak-ING deal

* BSE index rises to record high of 28,360.66 * NSE index marks life high of 8,489.80 * NSE bank index surges to all-time high * Expectations for more M&As boost smaller Indian banks By Abhishek Vishnoi MUMBAI, Nov 21 - Indian shares soared to record highs on Friday as lenders surged after Kotak Mahindra Bank's acquisition of ING Vysya sparked hopes for further consolidation in the sector, while expectations of more reforms ahead of the winter session of parliament

Indian rupee gains on China rate cut, record high stocks

* Rupee ends at 61.7625/7725 per dlr vs 61.94/95 on Thursday

21 Nov 2014

Indian shares soar to record; banks surge on Kotak-ING deal

MUMBAI, Nov 21 - Indian shares soared to record highs on Friday as lenders surged after Kotak Mahindra Bank's acquisition of ING Vysya sparked hopes for further consolidation in the sector, while expectations of more reforms in the winter session of Parliament also helped.

21 Nov 2014

MARKET EYE -India's NSE index rises to record; bank stocks gain on Kotak-ING deal

* India's NSE index rises as much as 0.7 pct to mark record high of 8,461.65. * The BSE index also up 0.67 pct, just 0.13 pct away from record high. * Bank stocks lead gainers. Kotak Mahindra Bank's acquisition of ING Vysya Bank adds to confidence in the Indian economy and its lenders - Traders. * Kotak Mahindra Bank surges to record high after buying ING Vysya Bank in record $2.4 bln share deal. * Axis Bank rises 1.9 pct, Indusind Bank is up 2 pct, while HDFC Bank gains 0.8 pct. (abhishek.v

21 Nov 2014

MARKET EYE -Indian wagon makers gain on report of govt order

* Texmaco Rail & Engineering gains 2.2 pct, while Titagarh Wagons Ltd is up 4.3 pct. * The Railway Board issued orders to release 50 pct of wagon manufacturers' withheld allocation, newspaper DNA reported on Friday. (http://bit.ly/1Aqx4Fg) (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

21 Nov 2014

MARKET EYE-India's Kotak soars to second straight record high after acquisition

* Kotak Mahindra Bank surges as much as 9.3 pct to 1,264.70 rupees, its second consecutive record high. * Kotak buys ING Vysya Bank in record $2.4 bln share deal. * Acquisition of ING Vysya at a swap ratio of 0.72 times better than the 0.8 times ratio mentioned in a news channel report - Nomura says in a note. * The merger will add 10 pct to earnings and 15 pct to networth of Kotak, Nomura adds. * ING Vysya shares also gain 2.4 pct. * Combined entity's market capitalisation will be more than

21 Nov 2014

MARKET EYE -Expectations for more M&As boost smaller Indian lenders

* India's Kotak Mahindra Bank buys ING Vysya Bank in record $2.4 bln share deal. * Deal to raise speculation over likely mergers in the sector - Traders. * Lenders that markets see as potential acquisition candidates rise. Karnataka Bank 2.3 pct Karur Vysya Bank 2 pct City Union Bank 2 pct Lakshmi Vilas Bank 1.4 pct Dhanlaxmi Bank 4.2 pct South Indian Bank 3.4 pct * Those markets see as potential suitors also edge higher. ICICI Bank and Axis Bank up 0.2

21 Nov 2014

MARKET EYE -India's Yes Bank gains; cbank removes restrictions on share purchase

* Yes Bank shares gain 2.5 pct. * India central bank on Thursday said restrictions placed on the purchase of its shares by foreign investors withdrawn. * RBI in September said further share purchase by foreign investors will be allowed only after obtaining its approval. (abhishek.vishnoi@thomsonreuters.com / abhishek.vishnoi.thomsonreuters.com@reuters.net)

21 Nov 2014

MARKET EYE -India's Tech Mahindra gains after $240 mln acquisition

* Tech Mahindra shares gain 1 pct, adding to Thursday's 3 pct rise. * Company to buy network services operator Lightbridge Communications Corp (LCC) for $240 million. * LCC acquisition is happening at reasonable valuations and will bring in market share gains for Tech Mahindra - Analysts * "There are 20 new customers that LCC brings to TECHM, which should present cross-selling opportunities," Religare said in a note. * LCC is expected to have revenues of $430 million in 2014, it added.

21 Nov 2014

India Morning Call-Global Markets

NEW YORK - The Dow and S&P 500 finished at record highs on Thursday as data showed further strength in the U.S. economy and Intel gave an upbeat forecast.

21 Nov 2014
SENSEX Chart (.BSESN)
NIFTY Chart (.NSEI)
BSE Mid-Cap Chart (.BSEMC)

BSE Gainers

Symb Last Change Chg %
APLF.BO 3.60 +0.60 +20.00
CRIL.BO 42.00 +7.00 +20.00
BBRM.BO 401.40 +66.90 +20.00
BASP.BO 196.85 +32.80 +19.99
WEIZ.BO 13.87 +2.31 +19.98

BSE Losers

Symb Last Change Chg %
PAIL.BO 132.40 -33.05 -19.98
TRBL.BO 3.77 -0.94 -19.96
CHOI.BO 25.60 -4.30 -14.38
HISR.BO 27.80 -3.30 -10.61
GLON.BO 6.00 -0.69 -10.31

All Indian Indices

Data as of 23 Nov 2014. All quotes delayed at least 15 minutes.
Symb Index Mkt Report Time Last Chg Chg %
.BSESN BSE Sensex 21 Nov 2014 28,334.63 +267.07 +0.95%
.NSEI Nifty 21 Nov 2014 8,477.35 +75.45 +0.90%
.BSEOIL BSE Oil & Gas 21 Nov 2014 10,874.65 +93.07 +0.86%
.BSEIT BSE IT 21 Nov 2014 10,922.98 -78.75 -0.72%
.BSEMET BSE Metals 21 Nov 2014 11,127.12 +15.26 +0.14%
.BSEFMCG BSE FMCG 21 Nov 2014 7,832.83 +69.68 +0.90%
.BSECG BSE Capital Goods 21 Nov 2014 16,234.17 +211.66 +1.32%
.BSEBANK BSE Banking 21 Nov 2014 20,683.54 +478.83 +2.37%
.BSEREAL BSE Realty 21 Nov 2014 1,625.20 +1.85 +0.11%
.BSEAUTO BSE Auto 21 Nov 2014 18,925.28 +102.34 +0.54%
.BSEPOWER BSE Power 21 Nov 2014 2,133.24 +4.92 +0.23%
.BSEHC BSE Healthcare 21 Nov 2014 14,893.70 -49.87 -0.33%

Markets

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Stock Search
Nikkei 17,357.51 +56.65 +0.33%
Hang Seng 23,437.12 +87.48 +0.37%
Sensex 28,334.63 +267.07 +0.95%
EUR/INR 76.511 -1.45%
USD/INR 61.763 --
GBP/INR 96.683 +0.01%
Gold 1,200.30 +6.80 +0.57%
Oil 76.72 +0.66 +0.87%
Corn 371.00 -0.50 -0.13%
Symb Last Chg % Volume
AADH.BO 0.43 +4.88 25,185,719
SPJT.BO 16.06 +14.96 21,982,639
KSSL.BO 13.01 +0.08 14,279,142
Data as of Sun Nov 23, 2014 1:03pm IST.

Nifty Most Actives

Symb Last Chg % Volume
UNTE.NS 19.30 +1.58 44,262,914
JAIA.NS 31.45 -1.10 33,601,561
TVEB.NS 31.15 +5.59 25,478,827
Data as of Sun Nov 23, 2014 1:03pm IST.
Symb 4 wk rating
change
Current mean
rating
JBFI.NS 3.00 to 2.00 Outperform
SETC.BO 2.00 to 1.00 Buy
LKMC.NS 2.50 to 1.50 Buy
Symb 4 wk rating
change
Current mean
rating
EVRI.NS 1.00 to 3.00 Hold
TVTO.NS 1.50 to 3.00 Hold
GAPR.NS 2.00 to 3.00 Hold
Photo

Long "to do" list for Modi as clock ticks on reform

NEW DELHI - Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15 fiscal deficit target without cuts.