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India Market Update Archive: 
Sensex Gains 1% on TCS, GAIL Earnings; India Leads Infrastructure Deals
Jan 18, 6:01 AM ET
Stocks in Mumbai rallied more than 1% following sharply higher earnings from TCS, GAIL and Bajaj Finance. India led the global project finance deals at $81.4 billion in 2010.
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Sustained Slide in Sensex in India on Inflation Worries
Jan 14, 6:01 AM ET
Stocks in Mumbai fell 1.8% on Friday and 4.34% for the week. A sustained elevated inflation may force central bank to lift rates. Steel Authority of India net dropped 34% in third quarter. The Food Security Bill is termed as unworkable by the expert committee.
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Sensex Falls 1.8%; IndiGo Places Largest Jet Plane Order
Jan 13, 3:09 PM ET
Stocks in Mumbai fell 1.8% as the latest wholesale inflation price index increased 0.3%. IndiGo placed a $15.6 billion order for 180 Airbus 320 to be delivered between 2016 and 2025. Abhijeet Power plans Rs 1,500 crore IPO in February.
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Sensex in India Rebounds 1.7%; Gujarat Summit Draws Investors
Jan 12, 6:46 AM ET
Stocks in Mumbai rebound 1.7% after six days of decline led by realty and banking sectors. Fifth investment summit in Gujarat draws usual platitudes and project announcements of multi-billion dollars. Bharti Airtel and State Bank of India set us a venture to facilitate mobile phones based banking.
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Sensex in India in 6-day Drop; Gujarat Talks of $20 Billion Port Deals
Jan 11, 11:34 AM ET
Mumbai stocks declined on the sixth day, the longest streak in more than a year as investors worry the government may not be able to arrest inflation as Prime Minister Singh conveys a cabinet meeting. Gujarat in a two-day summit is expected to announce $20 billion of port developments projects.
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Sensex in India Plunges 2.4%; December Trade Deficit Narrows to $2.6 Billion
Jan 10, 7:15 AM ET
Stocks in Mumbai slipped for the fifth day in a row and lost more than 6%. Trade deficit in December narrows to $2.6 billion as exports surge and imports contracts. Gems & Jewelry exports soared 39% to $23.5 billion in the nine months to December.
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Sensex in India Tumbles 2.5%; Direct Tax Collection Surges 19.5%
Jan 07, 7:58 AM ET
Stocks in Mumbai tumbled 2.5% today and dropped 4% in the week. A sharp and sustained increase in food prices and the government’s inability to curb the inflation sparked a new round of fears. India’s direct tax collections in nine months to December surged 19.5%.
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Sensex in India in 3-day Decline; SAIL Prepares Offering
Jan 06, 7:43 AM ET
Stocks in Mumbai closed lower for the third day in a row as food prices show and government fail to rein prices. Steel Authority of India plans a secondary offering in February in two tranches. Suzlon wins orders to build 150 mw wind farms in four states.
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Sensex in India Drops 1%; Diesel Prices on Hold
Jan 05, 6:32 AM ET
Stocks in Mumbai fluctuated and closed lower. India decides to hold diesel retail prices. Larsen & Toubro after a restructuring will operate under nine independent companies.
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Posco Steel Plant Wins Environmental Approval, India’s Coffee Exports Surge
Jan 04, 6:26 AM ET
Stocks in Mumbai fluctuated and closed lower. South Korea based Posco’s $12 billion proposed steel project in Orissa received environmental clearance. Manufacturing sector expanded at a slower pace in December. Coffee exports surge 56% in 2010.
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