Friday, June 29, 2007

Markets extend gains

The market opened on a buoyant note on steady-to-firm Asian markets and on smooth rollover of positions from the June 2007 series to the July 2007 series in the derivatives segment.

At 12.15 pm IST, the Sensex is up 116.41 points at 14620.98, and the Nifty up 24.65 points at 4306.65.

Cement major ACC surged 3.30% to Rs 928.45, on 1.59 lakh shares. It was the top gainer from the Sensex pack. Ambuja Cements (up 0.58% to Rs 125.75), and Grasim (up 0.63% to Rs 2640) also edged higher.Infosys Technologies rose 1.25% to Rs 1950 on rumours that it is mulling a bid to buy Europe’s largest IT services giant, Capgemini.State-run banking major State Bank of India (SBI) rose 1.68% to Rs 1495.

Aluminum and copper major Hindaco Industries lost 0.89% at Rs 167.50.

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