Markets end in negative territory
The markets ended in the negative territory with marginal losses tracking its Asian peers.But the loses were curtailed as late buying emerged.
The BSE sensex ended at 13619 52 points down while Nifty ended at 3997 down by 14 points.Global markets underwent a steep correction. All European as well as Asian indices were trading with losses.
Cement major ACC was down 4.16% to Rs 782.75, despite reporting a surge of 54.5% in net profit for Q1 March 2007. ACC was the top loser, clocking volumes of 8.07 lakh shares. The cement firm reported a surge in net profit in the March 2007 quarter to Rs 363.75 crore from Rs 235.42 crore in the March 2006 quarter. Net sales surged 26.1% to Rs 1674.83 crore from Rs 1327.52 crore.
HDFC (down 2% to Rs 1563.50), Bajaj Auto (down 2.08% to Rs 2445), Bhel (down 1.82% to Rs 2507.50) and ONGC (down 1.49% to Rs 892) were the other losers.
Frontline software stocks slipped on profit-booking. Infosys (down 1.82% to Rs 2040), Wipro (down 0.38% to Rs 584), Satyam Computers (down 2.56% to Rs 449.80) and TCS (down 0.16% to Rs 1244.95) dropped.Index heavyweight Reliance Industries (RIL) rose 0.24% to Rs 1490.
Larsen & Toubro gained 0.39% to Rs 1666, on reports that the company had plans for facilities in China.Gujarat Ambuja Cements was the top-gainer, up 1.81% to Rs 115. State-run State Bank of India (SBI) gained 1.70% to Rs 1053.Cigarette major ITC advanced 1.24% to Rs 159.Auto counter Hero Honda (up 1.10% to Rs 656) and Maruti Udyog (up 1.47% to Rs 779) were the other gainers.ICICI Bank moved higher by 1.52% to Rs 910.55.
The BSE sensex ended at 13619 52 points down while Nifty ended at 3997 down by 14 points.Global markets underwent a steep correction. All European as well as Asian indices were trading with losses.
Cement major ACC was down 4.16% to Rs 782.75, despite reporting a surge of 54.5% in net profit for Q1 March 2007. ACC was the top loser, clocking volumes of 8.07 lakh shares. The cement firm reported a surge in net profit in the March 2007 quarter to Rs 363.75 crore from Rs 235.42 crore in the March 2006 quarter. Net sales surged 26.1% to Rs 1674.83 crore from Rs 1327.52 crore.
HDFC (down 2% to Rs 1563.50), Bajaj Auto (down 2.08% to Rs 2445), Bhel (down 1.82% to Rs 2507.50) and ONGC (down 1.49% to Rs 892) were the other losers.
Frontline software stocks slipped on profit-booking. Infosys (down 1.82% to Rs 2040), Wipro (down 0.38% to Rs 584), Satyam Computers (down 2.56% to Rs 449.80) and TCS (down 0.16% to Rs 1244.95) dropped.Index heavyweight Reliance Industries (RIL) rose 0.24% to Rs 1490.
Larsen & Toubro gained 0.39% to Rs 1666, on reports that the company had plans for facilities in China.Gujarat Ambuja Cements was the top-gainer, up 1.81% to Rs 115. State-run State Bank of India (SBI) gained 1.70% to Rs 1053.Cigarette major ITC advanced 1.24% to Rs 159.Auto counter Hero Honda (up 1.10% to Rs 656) and Maruti Udyog (up 1.47% to Rs 779) were the other gainers.ICICI Bank moved higher by 1.52% to Rs 910.55.
Labels: Nifty.Sensex
posted by SY at 4:35 PM
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