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Thursday Sector Laggards: Industrial, Consumer Products

The worst performing sector as of midday Thursday is the Industrial sector, showing a 1.6% loss. Within that group, L-3 Communications Holdings (NYSE: LLL) and Pentair (NYSE: PNR) are two large stocks that are lagging, showing a loss of 15.6% and 7.2%, respectively. Among industrial ETFs, one ETF following the sector is the Industrial Select Sector SPDR ETF (AMEX: XLI), which is down 1.4% on the day, and up 0.67% year-to-date. L-3 Communications Holdings, meanwhile, is down 4.36% year-to-date, and Pentair, is down 15.82% year-to-date. Combined, LLL and PNR make up approximately 1.2% of the underlying holdings of XLI.
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Lower price in domestic market and good demand for the Indian product mainly pushed exports from the country
Multi Commodity Exchange and Christ University of Bangalore signed a memorandum of understanding to promote knowledge and research in commodities through various educational initiatives....
Shares of Kotak Mahindra Bank will remain in focus on Monday, as the stock turns ex-date for the bonus issue on Tuesday. That means, Monday is the last date for shareholders to become elig...
Shares of Petronet LNG may come under pressure on Monday, as the Reserve Bank of India has barred foreign institutional investors from buying the company’s shares. As FII shareholding has...
Shares of Jauss Polymers will see market attention next week, as the open offer from Innovative Tech Pack and Ketineni Sayaji Rao begins on Monday. They plan to acquire 12.02 lakh shares,...
The Footsie was still in the red in late afternoon trading, finding no inspiration from across the Atlantic as American markets were closed.
The Indian markets on Friday posted their third straight weekly advance to close at the highest level in about two months. The benchmark Sensex and Nifty indices added a per cent during the week on th
European stocks little changed in choppy trade; Dax up 0.03%
The first six months of 2015 have been robust for domestic mutual fund houses, as they have seen a massive rise of Rs 1.22 trillion in their assets under management (AUM), most in six years. With this
By mid session, the FTSE 100 index was down 36.1 points, or 0.5 per cent at 6,594.4, with France's CAC 40 index off 0.4 per cent, while Germany's Dax 30 index was down 0.1 per cent.
The rally was led by HDFC Group and pharma shares
Leading commodity futures trading platform Multi Commodity Exchange of India (MCX) has signed a memorandum of understanding (MoU) with Christ University, a private deemed to be university in Bengaluru
HDFC twins, Hero, Lupin and NTPC were top gainers in the Sensex while Vedanta, Coal India, Tata Steel, Wipro and Tata Steel were major laggards.
Equity benchmarks outperformed global peers with the Sensex ending above the 28000 level and the Nifty few points away from 8500 level. However, the broader markets underperformed.
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The rupee was trading strong by 4 paise at 63.47 in the evening session on continued dollar selling by exporters amid firm domestic equity market. Forex dealers said a weak dollar agains...
The benchmark Sensex ended higher by nearly 150 points due to value-buying with a Greece default already factored in, while better-than-expected progress of the monsoon also helped the sentiment.
In order to make mergers and acquisitions (M&A) filing requirements simpler and more transparent, the Competition Commission of India (CCI) has revised its Combination Regulations. “A...
European bonds and stocks traded cautiously at Friday’s market opening before a Greek referendum on EU-prescribed reforms that could determine the country’s future in the euro zone and which polls...
HDFC surged 2.05 per cent to emerge the top gainer on the BSE in late trading on Friday. At 3 pm the share was trading at Rs 1,309.8 against Rs 1,283.55 at close overnight. Pharma scrip L...
Financial sector shares HDFC and IndusInd Bank led the pack on the NSE near the close on Friday. At 3.09 pm the HDFC share was trading at 2.08 per cent at Rs 1,311.9 as against Rs 1,285.20 at clos...
Leading stock exchange BSE has issued a new set of guidelines for bidding in the Offer for Sale (OFS) segment, that requires companies to disclose their OFS plans two banking days in advance.
Emerging markets were overshadowed on Friday by a third straight week of heavy falls for Chinese stocks, though the pressure eased in the currency markets after tepid US jobs data halted the dolla...
The iron-ore market is discovering why the archenemy of high commodity prices is, well, high commodity prices.
Government plans to sell Lloyds shares to the public will mean financial gains for a lucky few but political insurance for the bank.
The bubble’s deflation shows China’s reputation for omnipotence in economic matters is hardly unassailable.
China shares tumbled Friday, even as Beijing moves swiftly to try to plug losses, with the smaller Shenzhen index suffering its worst week since December 1996.
By mid morning, the FTSE 100 index was down 24.9 points, or 0.4 per cent at 6,605.6, while the CAC 40 index in Paris lost 0.5 per cent, and Dax 30 index in Frankfurt shed 0.3 per cent.
The Federal Housing Finance Agency announced the massive settlement amount to a New York court as part of one of two cases RBS is involved in over mortgage-backed securities.
Ofcom has fined EE £1million after it found that the mobile phone firm failed to tell its customers about their right to take complaints to an alternative dispute resolution body.
Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory, dealers said.
Provisionally, the Sensex gained 166 points to end at 28,112 and the Nifty climbed 44 points to close at 8,489
HDFC twins, BHEL, Lupin and Hero are top gainers in the Sensex. Among losers are Vedanta, Tata Steel, Coal India, Tata Motors and GAIL are among laggards.
Housing finance company HDFC topped the buying list and is also the biggest contributor to Sensex's gains, up 2.2 percent. HDFC Bank, Dr Reddy's Labs, Hero Motocorp, BHEL, Cipl and NTPC climbed 1-1.

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