Markets moves up
The markets have once again picked up as fresh buyng was seen in the selected scrips of auto, pharma and FMCG.The markets opened firm in the opening trade on attracting support after the smooth rollover of open positions in the derivatives segment, from March to April.
At 12.40pm the sensex is trading 100 points up above 13000 level at 13081,while Nifty is trading at 3821 23 points up.
Pharma stocks also found support. Dr Reddy’s Labs gained 2% to Rs 720, while Ranbaxy edge up 0.30% to Rs 346.20.Hero Honda (up 1.80% to Rs 692), REL (up 0.77% to Rs 492) and HDFC Bank (up 1.41% to Rs 946.25) were the other gainers.Tata Motors rose 0.98% to Rs 722.
Cellular telecom service providers Bharti Airtel (up 0.20% to Rs 762.50) and Reliance Communications (up 0.85% to Rs 422), are said to be looking at a 26% stake in Telkom Kenya. The reports value the 26% stake in $1.5 - $2 billion range. The Kenyan government said on Wednesday it wanted to rope in a strategic partner to buy a 26% stake in the state-owned landline operator. A further 34% would be sold in an initial public offering (IPO) once the strategic partner was on board.
Index heavyweight Reliance Industries (RIL) was up 0.20% to Rs 1358.FMCG major HLL was the top-loser, down 2% to Rs 200.50.HDFC (down 1.26% to Rs 1515.80), Bhel (down 1% to Rs 2258) and TCS (down 1.68% to Rs 1226.10) were the other losers.
At 12.40pm the sensex is trading 100 points up above 13000 level at 13081,while Nifty is trading at 3821 23 points up.
Pharma stocks also found support. Dr Reddy’s Labs gained 2% to Rs 720, while Ranbaxy edge up 0.30% to Rs 346.20.Hero Honda (up 1.80% to Rs 692), REL (up 0.77% to Rs 492) and HDFC Bank (up 1.41% to Rs 946.25) were the other gainers.Tata Motors rose 0.98% to Rs 722.
Cellular telecom service providers Bharti Airtel (up 0.20% to Rs 762.50) and Reliance Communications (up 0.85% to Rs 422), are said to be looking at a 26% stake in Telkom Kenya. The reports value the 26% stake in $1.5 - $2 billion range. The Kenyan government said on Wednesday it wanted to rope in a strategic partner to buy a 26% stake in the state-owned landline operator. A further 34% would be sold in an initial public offering (IPO) once the strategic partner was on board.
Index heavyweight Reliance Industries (RIL) was up 0.20% to Rs 1358.FMCG major HLL was the top-loser, down 2% to Rs 200.50.HDFC (down 1.26% to Rs 1515.80), Bhel (down 1% to Rs 2258) and TCS (down 1.68% to Rs 1226.10) were the other losers.
Labels: Nifty.Sensex
posted by SY at 12:37 PM
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