Market dips below 13,000 on inflation data
The markets opened on a positive note today in the morning,but slipped into red as the selling began.Right now the markets are extremely volatile.The Sensex extended its losses after re-opening from a halt due to sun outage. Inflation data, which missed street estimates, weighed on the sentiment. At 1.00 pm the Sensex is down 94.54 points at 12955,while Nifty is down 41 points at 3720.
Annual inflation for the week ended 30 December 2006 was revised to 5.89% from 5.58%. It stood at 4.18% in the corresponding week a year ago.
Idea Cellular commands modest premium after debut.Idea Cellular was trading at Rs 85.05 in early trade on NSE, a premium of 13.4% over the IPO price of Rs 75.The stock debuted at Rs 85, hit a low of Rs 84.40 and also a high of Rs 92.
The top gainers on the sensex were NTPC,Tata Steel and the top losers were Bhel ,Guajarat ambuja,ACC and Tata Motors. HPCL,Oriental Bank,Tata Steel,Sun Pharma were the top gainers on the Nifty and Bhel ,Gail,Mtnl,ACC were the top losers.
Annual inflation for the week ended 30 December 2006 was revised to 5.89% from 5.58%. It stood at 4.18% in the corresponding week a year ago.
Idea Cellular commands modest premium after debut.Idea Cellular was trading at Rs 85.05 in early trade on NSE, a premium of 13.4% over the IPO price of Rs 75.The stock debuted at Rs 85, hit a low of Rs 84.40 and also a high of Rs 92.
The top gainers on the sensex were NTPC,Tata Steel and the top losers were Bhel ,Guajarat ambuja,ACC and Tata Motors. HPCL,Oriental Bank,Tata Steel,Sun Pharma were the top gainers on the Nifty and Bhel ,Gail,Mtnl,ACC were the top losers.
posted by SY at 1:08 PM
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