Markets pare gains
The market surged in early trade tracking firm global markets, and on good rollover of the April futures contracts to the May 2007 series and on data showing strong FII inflow.But now the markets are left with modest gains in early-afternoon trade.
At 13.00 pm the Sensex is trading at 14305, 88 points up,while nifty is trading at 4193 ,26 points up.
Reliance Industries (RIL) rose 1.4% to Rs 1623.50. The stock also hit a high of Rs 1624.80, which an all-time high for the counter. The stock extended gains ahead of Q4 results, which are scheduled today. Six brokerages expect 2.8 - 9.9% growth in RIL’s net profit in Q4 March 2007, between Rs 2571.30 crore and Rs 2749.50 crore, compared to Rs 2502 crore in Q4 March 2006. They expect 3.57 - 20% growth in net sales, between Rs 25419.80 crore and Rs 29450.40 crore, compared to Rs 24542 crore in Q4 March 2006.
Top gainers on the Sensex are Tata Motors, ICICI Bank, Dr Reddys Labs.Top losers on the Sensex are Hero Honda, Guj Ambuja Cem, HDFC.Top gainers on the Nifty are MTNL, Dr Reddys Labs, Tata Motors.
At 13.00 pm the Sensex is trading at 14305, 88 points up,while nifty is trading at 4193 ,26 points up.
Reliance Industries (RIL) rose 1.4% to Rs 1623.50. The stock also hit a high of Rs 1624.80, which an all-time high for the counter. The stock extended gains ahead of Q4 results, which are scheduled today. Six brokerages expect 2.8 - 9.9% growth in RIL’s net profit in Q4 March 2007, between Rs 2571.30 crore and Rs 2749.50 crore, compared to Rs 2502 crore in Q4 March 2006. They expect 3.57 - 20% growth in net sales, between Rs 25419.80 crore and Rs 29450.40 crore, compared to Rs 24542 crore in Q4 March 2006.
Top gainers on the Sensex are Tata Motors, ICICI Bank, Dr Reddys Labs.Top losers on the Sensex are Hero Honda, Guj Ambuja Cem, HDFC.Top gainers on the Nifty are MTNL, Dr Reddys Labs, Tata Motors.
posted by SY at 12:57 PM
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