Update 1
Sensex stays in positive zone
Sensex stayed firm after striking an all time high of 13911.64 in opening trade, as buying continued.
At 11:23 IST, the BSE Sensex was up 16.30 points (0.12%) to 13861.45. It had slipped to a intra-day low of 13828.90. Earlier today, the Sensex opened with an upward gap at 13846.71 as buying continued following 148 point’s surge on Friday (1 December).The total turnover on BSE amounted to Rs 1804 crore.Market breadth was strong with close to 1.5 gainers for every single loser on BSE. 1388 shares rose, 866 declined while 61 remained unchanged.Among the Sensex pack, 18 advanced while the rest declined.
ITC, Satyam Computers most traded by MFs in Nov.
ITC and Satyam Computers witnessed much activity in the November 2006 mutual fund portfolios.
Transactions in ITC have been heavy weighted with Prudential ICICI Power buying 3.5 million shares, and Prudential ICICI Dynamic Plan purchasing 2.5 million shares of the company. HDFC Equity Fund also bought 2 million shares of ITC in November 2006.
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ONGC to invest in 3 greenfield refinery projects
ONGC has plans to invest in three greenfield refinery projects. The total investments on the three projects would be from Rs 550-600 billion, reports Business Standard.
The company will invest in three plants, the first being a 15 million tonne (mt) state-of-the-art refinery at the special Petrochemical and Petroleum Investment Region (PCPIR) coming up at Mangalore.
Another is a 7 mt plant, scaleable to 15 mt, at Kakinada in Andhra Pradesh where another PCPIR is expected to come up. The refinery is expected to be the anchor of the complex. The third refinery at Barmer in Rajasthan will receive crude from the Rajasthan fields being operated by Cairn Energy.
Besides, the firm is planning to infuse money around Rs 80 billion in upgrading and expanding its subsidiary Mangalore Refinery and Petrochemicals (MRPL) refinery at Mangalore to 15 mt.Together with the greenfield refinery, ONGC`s refining capacity will be enhanced to 30 mt.
Sensex stayed firm after striking an all time high of 13911.64 in opening trade, as buying continued.
At 11:23 IST, the BSE Sensex was up 16.30 points (0.12%) to 13861.45. It had slipped to a intra-day low of 13828.90. Earlier today, the Sensex opened with an upward gap at 13846.71 as buying continued following 148 point’s surge on Friday (1 December).The total turnover on BSE amounted to Rs 1804 crore.Market breadth was strong with close to 1.5 gainers for every single loser on BSE. 1388 shares rose, 866 declined while 61 remained unchanged.Among the Sensex pack, 18 advanced while the rest declined.
ITC, Satyam Computers most traded by MFs in Nov.
ITC and Satyam Computers witnessed much activity in the November 2006 mutual fund portfolios.
Transactions in ITC have been heavy weighted with Prudential ICICI Power buying 3.5 million shares, and Prudential ICICI Dynamic Plan purchasing 2.5 million shares of the company. HDFC Equity Fund also bought 2 million shares of ITC in November 2006.
To Read MoreClick Here
ONGC to invest in 3 greenfield refinery projects
ONGC has plans to invest in three greenfield refinery projects. The total investments on the three projects would be from Rs 550-600 billion, reports Business Standard.
The company will invest in three plants, the first being a 15 million tonne (mt) state-of-the-art refinery at the special Petrochemical and Petroleum Investment Region (PCPIR) coming up at Mangalore.
Another is a 7 mt plant, scaleable to 15 mt, at Kakinada in Andhra Pradesh where another PCPIR is expected to come up. The refinery is expected to be the anchor of the complex. The third refinery at Barmer in Rajasthan will receive crude from the Rajasthan fields being operated by Cairn Energy.
Besides, the firm is planning to infuse money around Rs 80 billion in upgrading and expanding its subsidiary Mangalore Refinery and Petrochemicals (MRPL) refinery at Mangalore to 15 mt.Together with the greenfield refinery, ONGC`s refining capacity will be enhanced to 30 mt.
posted by SY at 12:26 PM
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