Sensex regains 13,900
The Sensex managed to regain 13,900 on buying support at lower levels, after it had tumbled to an intra-day low of 13,857.15.
At 14:43 IST the Sensex was down 94.96 points, at 13,919.99. It had opened firm, at 14,029.04, on reports that the Centre and states had agreed to phase out central sales tax (CST) over the next four years. It had surged to hit an all-time high of 14,060.35 in early trade.
The market-breadth was strong as buying continued for smallcap and midcap stocks. There were close to 1.5 gainers for every loser on BSE. Against 1,595 shares advancing, 965 declined on BSE. A total of 76 scrips remained unchanged.The BSE clocked a turnover of Rs 3,611 crore.Among the 30- Sensex pack, 21 declined while the rest advanced.
Polaris Software Lab Ltd advanced 2.6% to Rs 200.65 on announcing that Global Top 10 Bank has chosen its next-generation, SOA based intellect cash and liquidity management platform.
Chemplast Sanmar Ltd climbed 1% to Rs 7.73 on plans to invest Rs 260 million to buy a reverse osmosis plant to treat discharge from its unit.
Nicholas Piramal India Ltd fell 0.3% to Rs 259 on announcing that Wellspring, the chain of pathology laboratories and diagnostic centres promoted by the company, has acquired Jankharia Imaging.
Hindalco Industries dropped 3% to Rs 174 and Sterlite Industries shed 2.4% to Rs 533.95 following continued fall in copper price on the London Metal Exchange.
Housing Development Finance Corporation Ltd declined 1.8% to Rs 1,577.50 on alloting 1,03,881 equity shares of Rs 10 each under its Employees Stock Option Schemes.
Petronet LNG spurts
Petronet LNG rose 7% to Rs 53.50 following reports on Wednesday that it will soon sign a deal to import 2.5 million tonnes of LNG from Chevron-operated Gorgon gas field in Australia, at a terminal that it is constructing at Kochi.
At 14:43 IST the Sensex was down 94.96 points, at 13,919.99. It had opened firm, at 14,029.04, on reports that the Centre and states had agreed to phase out central sales tax (CST) over the next four years. It had surged to hit an all-time high of 14,060.35 in early trade.
The market-breadth was strong as buying continued for smallcap and midcap stocks. There were close to 1.5 gainers for every loser on BSE. Against 1,595 shares advancing, 965 declined on BSE. A total of 76 scrips remained unchanged.The BSE clocked a turnover of Rs 3,611 crore.Among the 30- Sensex pack, 21 declined while the rest advanced.
Polaris Software Lab Ltd advanced 2.6% to Rs 200.65 on announcing that Global Top 10 Bank has chosen its next-generation, SOA based intellect cash and liquidity management platform.
Chemplast Sanmar Ltd climbed 1% to Rs 7.73 on plans to invest Rs 260 million to buy a reverse osmosis plant to treat discharge from its unit.
Nicholas Piramal India Ltd fell 0.3% to Rs 259 on announcing that Wellspring, the chain of pathology laboratories and diagnostic centres promoted by the company, has acquired Jankharia Imaging.
Hindalco Industries dropped 3% to Rs 174 and Sterlite Industries shed 2.4% to Rs 533.95 following continued fall in copper price on the London Metal Exchange.
Housing Development Finance Corporation Ltd declined 1.8% to Rs 1,577.50 on alloting 1,03,881 equity shares of Rs 10 each under its Employees Stock Option Schemes.
Petronet LNG spurts
Petronet LNG rose 7% to Rs 53.50 following reports on Wednesday that it will soon sign a deal to import 2.5 million tonnes of LNG from Chevron-operated Gorgon gas field in Australia, at a terminal that it is constructing at Kochi.
posted by SY at 3:03 PM
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