BSE Sensex rises 32 points,Ranbaxy Laboratories shares in red

The 30-share benchmark index BSE Sensex rose 32.35 points or 0.16% to 19724.02 in early trade.

Written by Fe Bureau | New Delhi | Published:May 14, 2013 9:10 am

The 30-share benchmark index BSE Sensex rose 32.35 points or 0.16% to 19724.02 while NSE Nifty rose 5.95 points 0.10% to 5986.40 in early trade today.

Dr Reddy’s Lab,MMTC,Bharti Airtel and Cadila Health were among the major stocks trading in green zone while Ranbaxy Laboratories,Tata Steel,Berger Paints and HDFC Bank were among the major losers in opening trade.

Sensex had lost a whopping 430.65 points or 2.14% to 19,691.67 yesterday,making it the worst day for the stock market since February 27,2012,when the BSE index had fallen nearly 478 points. The steep fall in stock market left investors poorer by Rs 1 lakh crore.

National Stock Exchange’s Nifty dropped by 2.08 per cent to close at 5,980.45.

Indian stocks to watch – May 14

(Reuters): GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange are 0.26 percent up and the MSCI-Asia Pacific index excluding Japan is 0.41 percent higher.

Asian shares paused from selling on Tuesday while the dollar was underpinned by better-than-expected U.S. retail sales suggesting a steady recovery in the world’s largest economy.

U.S. stocks closed little changed on Monday,pausing after hitting record highs last week,but strength in healthcare issues helped to keep declines in check. FACTORS TO WATCH

India will release wholesale prices-based inflation data for April around 0630 GMT. WPI is expected to have risen 5.5 percent on year in April,a Reuters poll shows,marking the slowest pace since November 2009. Core WPI is expected to have risen 3.5 percent.

Earnings of Reliance Infrastructure Ltd,Dr.Reddy’s Laboratories Ltd.

Top India iron ore exporting state sees mining resuming by December.

India’s cheap food plans to cost more than budgeted.

Indian firm in global ATM heist admits system breached.

India’s Tata Steel to book impairment charge of $1.6 bln.

Indian drugmaker Ranbaxy to pay $500 mln in U.S. DOJ settlement.

ONGC,OIL want refiner discount cut as crude falls.

GAIL quotes $21 per mmbtu for gas to fertiliser units.

ONGC to shed 35 pct stake in coal bed methane operations.

Govt weighs 5 pct annual gas price hike for 8 years.

Banks suppressing alerts on suspect dealings: RBI probe.

India’s Tata Coffee Jan-March net down 56.54 pct.

Ranbaxy says conclusion of DOJ investigation to not impact co’s current financial situation.

“Coal Mafia” stokes India’s power crisis.

Fiat may make India export hub for Chrysler.

Alchemist ‘Group’ companies under lens for fund-raising.

Aditya Birla Group puts on block 25 pct Tanfac stake.

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