Update 3
Sensex adds 59 points
Though trading in the positive zone, the 30 share-index shed some of its gains during the previous trading hour.Stocks in sectors like power, cement, telecom banking, auto, engineering and IT found favour, while, in contrast pharma and steel traded lower. Out of the total 2551 stocks traded so far, 1489 advanced, 988 declined while 74 remained unchanged.
The BSE Sensex is currently trading at 13,762.18, up 58.85 points (2.13 p.m).
Leaders on the index include NTPC, which advanced 3.33% to touch Rs 155.10, Gujarat Ambuja, which inched up 2.38% to Rs 141.70 and Bharti Airtel, which gained 2.07% to Rs 629. ACC, Wipro, Hindalco and SBI also ruled the gainers` list.
Laggards on the BSE Sensex were Dr Reddy`s, that declined 1.24% to Rs 745.65, HLL, that dipped 1.03% to Rs 240.60 and Reliance, that slid 0.63% to Rs 1253.60. Cipla, Ranbaxy and BHEL also slipped.
Sonata Software adds 4.98% on acquisition news
Sonata Software has moved up 4.98% at BSE after the company announced the completion of its acquisition of Germany based TUI InfoTec. A total of 43627 shares of the company have changed hands so far. The shares are currently trading at Rs 41.10 (1.25 pm), compared with their previous close of Rs 39.15 on Friday.
The shares of the company rose 19.50% over the week and 15.13% over the month.
Sun TV advances 2.43% on amalgamation with Gemini TV
The shares of Sun TV are trading higher by 2.43% at BSE (1.55 p.m) on news of its amalgamation with Gemini TV.
Currently, the shares are trading at Rs 1548 at BSE compared to the previous day`s close of Rs 1511 (Friday). A total of 99,484 shares have changed hands at the bourses.
The board of directors of Sun TV, at its meeting held on November 27, 2006 has considered and approved in-principle, the proposal of amalgamation of Gemini TV and transfer and vesting of all the undertakings or divisions except FM Radio division of Udaya TV with the company.
Gemini TV and Udaya TV`s board of directors have also given their in-principle consent to the proposed amalgamation and arrangement and intimated the same to the company.The stock has shown a rise of 13.5% over the week and 28.62% over the month.
Though trading in the positive zone, the 30 share-index shed some of its gains during the previous trading hour.Stocks in sectors like power, cement, telecom banking, auto, engineering and IT found favour, while, in contrast pharma and steel traded lower. Out of the total 2551 stocks traded so far, 1489 advanced, 988 declined while 74 remained unchanged.
The BSE Sensex is currently trading at 13,762.18, up 58.85 points (2.13 p.m).
Leaders on the index include NTPC, which advanced 3.33% to touch Rs 155.10, Gujarat Ambuja, which inched up 2.38% to Rs 141.70 and Bharti Airtel, which gained 2.07% to Rs 629. ACC, Wipro, Hindalco and SBI also ruled the gainers` list.
Laggards on the BSE Sensex were Dr Reddy`s, that declined 1.24% to Rs 745.65, HLL, that dipped 1.03% to Rs 240.60 and Reliance, that slid 0.63% to Rs 1253.60. Cipla, Ranbaxy and BHEL also slipped.
Sonata Software adds 4.98% on acquisition news
Sonata Software has moved up 4.98% at BSE after the company announced the completion of its acquisition of Germany based TUI InfoTec. A total of 43627 shares of the company have changed hands so far. The shares are currently trading at Rs 41.10 (1.25 pm), compared with their previous close of Rs 39.15 on Friday.
The shares of the company rose 19.50% over the week and 15.13% over the month.
Sun TV advances 2.43% on amalgamation with Gemini TV
The shares of Sun TV are trading higher by 2.43% at BSE (1.55 p.m) on news of its amalgamation with Gemini TV.
Currently, the shares are trading at Rs 1548 at BSE compared to the previous day`s close of Rs 1511 (Friday). A total of 99,484 shares have changed hands at the bourses.
The board of directors of Sun TV, at its meeting held on November 27, 2006 has considered and approved in-principle, the proposal of amalgamation of Gemini TV and transfer and vesting of all the undertakings or divisions except FM Radio division of Udaya TV with the company.
Gemini TV and Udaya TV`s board of directors have also given their in-principle consent to the proposed amalgamation and arrangement and intimated the same to the company.The stock has shown a rise of 13.5% over the week and 28.62% over the month.
posted by SY at 2:40 PM
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