Update 3
Heavyweights lift index up
Though trading in the positive zone, the market has shed some of its gains during the previous trading hour. Sectors like auto, cement, banking, steel, engineering, telecom and software traded higher.
The 30 share-index is currently trading at 13,647.34, up 45.39 points (12.56 p.m).
Out of the total 2,513 stocks traded so far, 1,871 advanced, 589 declined while 53 remained unchanged.
Stocks who led the advances include Grasim, which inched up 2.12% to touch Rs 2773, Bajaj Auto, which buoyed up 1.90% to Rs 2,688.80 and SBI, which gained 1.69% to Rs 1315.25. Maruti, ITC and Dr Reddy`s were among the other major gainers.
Losers on the Sensex were Bharti Airtel, that declined 0.89% to Rs 623.05, Infosys, that dipped 0.63% to Rs 2153.10 and ONGC, that slid 0.54% to Rs 862.75. Wipro, Cipla and NTPC also slipped.
State Bank of India hits lifetime high
PSU banking major State Bank of India (SBI) rose 1.87% to Rs 1317.50 after a block deal was executed in the scrip in the FII segment at about 20% premium over Tuesday’s closing price.2.76 lakh shares were traded on the counter on BSE
The stock hit an all time high of Rs 1324.70 in intra-day trades. A block deal of 4 lakh shares was executed on the counter in the FII segment at Rs 1552.10 per share, about 20% premium over Tuesday’s closing price.
The stock witnessed a steady rally since mid July 2006, on sustained buying interest. From Rs 689.50 on 19 July 2006, the stock advanced 87.66% in roughly around four and half months time period to Rs 1293.45 by 28 November 2006, as buying demand continued.
SBI had reported 2.5% fall in net profit for Q2 September 2006, to Rs 1,184.49 crore (Rs 1215.36 crore). Net interest income rose 8% to Rs 3,898.65 crore (Rs 3,608 crore). Operating profit rose 24.6% to Rs 2,472.5 crore (Rs 1,982.9 crore).
The bank had raised Rs 6,000 crore of long-term resources through Tier II bonds between June and September 2006.SBI is the India’s largest commercial bank. Reserve Bank of India is the largest shareholder in the bank with 59.73% stake while total foreign holding in the bank is 19.83% and that of Indian public is 6.04%, as of September.
Though trading in the positive zone, the market has shed some of its gains during the previous trading hour. Sectors like auto, cement, banking, steel, engineering, telecom and software traded higher.
The 30 share-index is currently trading at 13,647.34, up 45.39 points (12.56 p.m).
Out of the total 2,513 stocks traded so far, 1,871 advanced, 589 declined while 53 remained unchanged.
Stocks who led the advances include Grasim, which inched up 2.12% to touch Rs 2773, Bajaj Auto, which buoyed up 1.90% to Rs 2,688.80 and SBI, which gained 1.69% to Rs 1315.25. Maruti, ITC and Dr Reddy`s were among the other major gainers.
Losers on the Sensex were Bharti Airtel, that declined 0.89% to Rs 623.05, Infosys, that dipped 0.63% to Rs 2153.10 and ONGC, that slid 0.54% to Rs 862.75. Wipro, Cipla and NTPC also slipped.
State Bank of India hits lifetime high
PSU banking major State Bank of India (SBI) rose 1.87% to Rs 1317.50 after a block deal was executed in the scrip in the FII segment at about 20% premium over Tuesday’s closing price.2.76 lakh shares were traded on the counter on BSE
The stock hit an all time high of Rs 1324.70 in intra-day trades. A block deal of 4 lakh shares was executed on the counter in the FII segment at Rs 1552.10 per share, about 20% premium over Tuesday’s closing price.
The stock witnessed a steady rally since mid July 2006, on sustained buying interest. From Rs 689.50 on 19 July 2006, the stock advanced 87.66% in roughly around four and half months time period to Rs 1293.45 by 28 November 2006, as buying demand continued.
SBI had reported 2.5% fall in net profit for Q2 September 2006, to Rs 1,184.49 crore (Rs 1215.36 crore). Net interest income rose 8% to Rs 3,898.65 crore (Rs 3,608 crore). Operating profit rose 24.6% to Rs 2,472.5 crore (Rs 1,982.9 crore).
The bank had raised Rs 6,000 crore of long-term resources through Tier II bonds between June and September 2006.SBI is the India’s largest commercial bank. Reserve Bank of India is the largest shareholder in the bank with 59.73% stake while total foreign holding in the bank is 19.83% and that of Indian public is 6.04%, as of September.
posted by SY at 1:29 PM
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