Markets close flat
Blame it on the gloomy weather or just the negative cues from the overseas, the markets were sluggish and finished the day with a whimper.Nifty closed at 4,259, up 7 points, while Sensex shut shop at 14,487, up 20 points.All the European indices opened lower, while a majority of Asian markets were trading weak.
Engineering & construction major Larsen & Toubro (L&T) surged 2.58% to Rs 2162.The stock rose after the company said today, 25 June 2007, its board would meet on 3 July 2007 to consider a special dividend.
State-run engineering major Bharat Heavy Electricals (BHEL) gained 0.55% to Rs 1,448 after it won an order worth Rs 106 crore from Rashtriya Ispat Nigam (RINL). The contract will be executed in 28 months.
Telecom stocks gained on fresh buying. Bharti Airtel rose 1.30% to Rs 833.50. As per reports, the Bharti group is forging ahead with its ambitions to be in the digital media space. It is likely to launch DTH services by December this year.Reliance Communications vaulted 2.15% to Rs 524.15.
State-run oil exploration major Oil & Natural Gas Corporation (ONGC) gained 1.05% to Rs 918.20 even as it posted a 13% fall in net profit to Rs 2681.64 crore in Q4 March 2007 compared to a net profit of 3085.89 crore in Q4 March 2006. Total income rose 16.35% to Rs 14575.92 crore in Q4 March 2007 (Rs 12528.23 crore).
IT stocks declined on renewed selling. Satyam Computers (down 1.47% to Rs 455), TCS (down 1.32% to Rs 1125), Infosys Technologies (down 0.89% to Rs 1933.40), and Wipro (down 0.42% to Rs 515.05) were not spared either.
Engineering & construction major Larsen & Toubro (L&T) surged 2.58% to Rs 2162.The stock rose after the company said today, 25 June 2007, its board would meet on 3 July 2007 to consider a special dividend.
State-run engineering major Bharat Heavy Electricals (BHEL) gained 0.55% to Rs 1,448 after it won an order worth Rs 106 crore from Rashtriya Ispat Nigam (RINL). The contract will be executed in 28 months.
Telecom stocks gained on fresh buying. Bharti Airtel rose 1.30% to Rs 833.50. As per reports, the Bharti group is forging ahead with its ambitions to be in the digital media space. It is likely to launch DTH services by December this year.Reliance Communications vaulted 2.15% to Rs 524.15.
State-run oil exploration major Oil & Natural Gas Corporation (ONGC) gained 1.05% to Rs 918.20 even as it posted a 13% fall in net profit to Rs 2681.64 crore in Q4 March 2007 compared to a net profit of 3085.89 crore in Q4 March 2006. Total income rose 16.35% to Rs 14575.92 crore in Q4 March 2007 (Rs 12528.23 crore).
IT stocks declined on renewed selling. Satyam Computers (down 1.47% to Rs 455), TCS (down 1.32% to Rs 1125), Infosys Technologies (down 0.89% to Rs 1933.40), and Wipro (down 0.42% to Rs 515.05) were not spared either.
Labels: Nifty.Sensex
posted by SY at 8:28 PM
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