Market trades with moderate gains
The markets opened with modest gap up today on account of some buying seen in the sensex heavyweights like SBI, Reliance, ONGC and Infosys. The Asian markets were trading mixed today.At present the market is trading in green with moderate gains on account of buying seen in select bank, FMCG and metal stocks.
At 11.55 pm the sensex is trading at 14009.25 up by 80 points while Nifty is at 4137.75 up by 17 points.
Top gainers on the indices are SBI up 3.12%, Reliance Comm up 2.04% and HLL up 1.86%.Top losers on the Sensex are Hero Honda down 2.84%, Infosys down 0.79% and TCS down 0.7%.Top losers on the Nifty are HPCL down 2.58% and BPCL down 23%.
Index heavyweight Reliance was trading at Rs 1,609.60 up 0.74% from its previous close of Rs 1,597.85.Tech major Infosys was trading at Rs 1,957.00 down 0.79% from its previous close of Rs 1,972.55.Cigarette major ITC was trading at Rs 162.15 up 0.12% from its previous close of Rs 161.95.
State Bank of India (SBI) rose 1.3% to Rs 1243 after the Lok Sabha, on Tuesday, 15 May 2007, passed State Bank of India (Subsidiary Bank Laws) Amendment Bill, 2006. The amendment bill will allow SBI to reduce its stake in subsidiary banks to 51%, from the existing 55%.
Bhel extended Tuesday's (15 May 2007) gains. The stock was up 1.8% to Rs 2565. The stock had risen 2.5% to Rs 2518.90 on Tuesday. Bhel has set 1 June 2007 as record date for a liberal 1:1 bonus issue.
Two-wheeler makers slipped ahead of Q4 March 2007 results of Bajaj Auto scheduled on Thursday, 17 May 2007. Hero Honda lost 1% to Rs 690.45 and Bajaj Auto shed 0.6% to Rs 2617. Last week, Hero Honda had reported dismal Q4 March 2007 results.
At 11.55 pm the sensex is trading at 14009.25 up by 80 points while Nifty is at 4137.75 up by 17 points.
Top gainers on the indices are SBI up 3.12%, Reliance Comm up 2.04% and HLL up 1.86%.Top losers on the Sensex are Hero Honda down 2.84%, Infosys down 0.79% and TCS down 0.7%.Top losers on the Nifty are HPCL down 2.58% and BPCL down 23%.
Index heavyweight Reliance was trading at Rs 1,609.60 up 0.74% from its previous close of Rs 1,597.85.Tech major Infosys was trading at Rs 1,957.00 down 0.79% from its previous close of Rs 1,972.55.Cigarette major ITC was trading at Rs 162.15 up 0.12% from its previous close of Rs 161.95.
State Bank of India (SBI) rose 1.3% to Rs 1243 after the Lok Sabha, on Tuesday, 15 May 2007, passed State Bank of India (Subsidiary Bank Laws) Amendment Bill, 2006. The amendment bill will allow SBI to reduce its stake in subsidiary banks to 51%, from the existing 55%.
Bhel extended Tuesday's (15 May 2007) gains. The stock was up 1.8% to Rs 2565. The stock had risen 2.5% to Rs 2518.90 on Tuesday. Bhel has set 1 June 2007 as record date for a liberal 1:1 bonus issue.
Two-wheeler makers slipped ahead of Q4 March 2007 results of Bajaj Auto scheduled on Thursday, 17 May 2007. Hero Honda lost 1% to Rs 690.45 and Bajaj Auto shed 0.6% to Rs 2617. Last week, Hero Honda had reported dismal Q4 March 2007 results.
Labels: Nifty.Sensex
posted by SY at 11:50 AM
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