Sensex back into green
The BSE Sensex recovered in the late-afternoon session on heavy purchasing, especially in Reliance Industries.At 14:37 IST the BSE Sensex was up 3.25 points, at 14,221.36.
The BSE benchmark index had opened with a spurt, at 14,271.24, and surged to a high of 14,300.11, buoyed by stronger-than-expected results of index heavyweight Reliance Industries (RIL) and a fall in global crude oil prices. But, immediately after, selling began and continued till the benchmark index slipped to 14,067.52.
India's 30-shares BSE index had struck a life high of 14,325.92, on Thursday (18 January).
The market-breadth was weak, after being strong in the past couple of sessions, as small-caps and mid-caps saw profit-booking. For 1,530 shares declining, 1,087 advanced and 65 remained unchanged.The total turnover on BSE amounted to Rs 3219 crore.Among the 30-Sensex pack, 19 declined while the rest advanced.
Gujarat Ambuja Cements was the top gainer, up 2.24% to Rs 148.30 on 6.28 lakh shares.
Bharti Airtel braces up for results
Bharti Airtel gained 1.1% to Rs 680.25, extending its pre-results' rally.The stock also hit an all-time high of Rs 686. As many as 99,495 shares changed hands in the counter on BSE.
The stock has witnessed a pre-results' surge. From a low of Rs 613.10 on 10 January 2007, it has gained 10.9% to current Rs 680.25.
Bharti Airtel (BAL) releases Q3 results on 23 January 2007. Four prominent brokerages expect 87.6 - 99.2% growth in BAL’s consolidated net profit as per US GAAP, between Rs 1022.80 crore and Rs 1086.30 crore, from Rs 545.30 core in Q3 December 2005.
Topline will drive bottomline growth on the back of strong new subsciptions during the quarter. All the four expect 59.5 - 66.1% growth in BAL’s consolidated US GAAP revenue, between Rs 4824.60 crore and Rs 5026.60 crore, from Rs 3025.60 crore in Q3 December 2005.
The BSE benchmark index had opened with a spurt, at 14,271.24, and surged to a high of 14,300.11, buoyed by stronger-than-expected results of index heavyweight Reliance Industries (RIL) and a fall in global crude oil prices. But, immediately after, selling began and continued till the benchmark index slipped to 14,067.52.
India's 30-shares BSE index had struck a life high of 14,325.92, on Thursday (18 January).
The market-breadth was weak, after being strong in the past couple of sessions, as small-caps and mid-caps saw profit-booking. For 1,530 shares declining, 1,087 advanced and 65 remained unchanged.The total turnover on BSE amounted to Rs 3219 crore.Among the 30-Sensex pack, 19 declined while the rest advanced.
Gujarat Ambuja Cements was the top gainer, up 2.24% to Rs 148.30 on 6.28 lakh shares.
Bharti Airtel braces up for results
Bharti Airtel gained 1.1% to Rs 680.25, extending its pre-results' rally.The stock also hit an all-time high of Rs 686. As many as 99,495 shares changed hands in the counter on BSE.
The stock has witnessed a pre-results' surge. From a low of Rs 613.10 on 10 January 2007, it has gained 10.9% to current Rs 680.25.
Bharti Airtel (BAL) releases Q3 results on 23 January 2007. Four prominent brokerages expect 87.6 - 99.2% growth in BAL’s consolidated net profit as per US GAAP, between Rs 1022.80 crore and Rs 1086.30 crore, from Rs 545.30 core in Q3 December 2005.
Topline will drive bottomline growth on the back of strong new subsciptions during the quarter. All the four expect 59.5 - 66.1% growth in BAL’s consolidated US GAAP revenue, between Rs 4824.60 crore and Rs 5026.60 crore, from Rs 3025.60 crore in Q3 December 2005.
posted by SY at 3:22 PM
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