Markets settle higher
The markets settled with modest gains as buying continued throughout the day. The markets swung sharply for a while in late trading ahead of the expiry of derivatives contracts for June 2007 series.
Sensex was up 73.51 points or 0.51% at 14504.57, and the Nifty up 18.05 points or 0.42% at 4282.
Cement major ACC surged 9.06% to Rs 905, on 8.88 lakh shares. It was the top gainer from the Sensex pack. 3 out of top 4 gainers from the Sensex were cement pivotals. Ambuja Cements (up 7.43% to Rs 125.10), and Grasim (up 4.51% to Rs 2615.75) surged.
Housing Development Finance Corporation (HDFC) jumped 5.44% to Rs 1966 after it received Rs 445 crore for its stake sale in BPO firm Intelenet to Blackstone, which has resulted in a total capital gain of Rs 381 crore on its BPO venture. At its 30th annual general meeting (AGM) held on Wednesday, 27 June 2007, HDFC chairman Deepak Parekh said interest rates had peaked and he expected them to remain stable for some time.
Pharma major Ranbaxy Laboratories advanced 1.82% to Rs 349. Ranbaxy Pharmaceuticals Inc (RPI), its wholly-owned subsidiary, has launched Pravastatin Sodium 80 mili gram tablets in the US. Pravastatin is indicated for the primary prevention of coronary events as in hypercholesterolemic patients without clinically-evident coronary disease.
State-run banking major State Bank of India (SBI) rose 1.64% to Rs 1471 on reports that it is planning to launch a private equity fund with a corpus of $1 billion (Rs 4,100 crore). ICICI Bank rose 0.55% to Rs 943.50.
Reliance Petroleum gained 2.29% to Rs 111.45, extending its recent rally. The scrip touched a high of Rs 112.70 today, 28 June 2007, which is a record high for the scrip.
Kesoram Industries jumped 8.10% to Rs 438 on media reports that chairman Basant Kumar Birla has decided to give the diversified firm to his grandson Kumar Mangalam Birla, who heads the Aditya Birla group.
State run oil exploration major Oil & Natural Gas Corporation (ONGC) lost 1.98% to Rs 903.IT major Infosys slipped 0.78% to Rs 1921.10.Index heavyweight Reliance Industries (RIL) lost 0.44% to Rs 1,690.25.
Sensex was up 73.51 points or 0.51% at 14504.57, and the Nifty up 18.05 points or 0.42% at 4282.
Cement major ACC surged 9.06% to Rs 905, on 8.88 lakh shares. It was the top gainer from the Sensex pack. 3 out of top 4 gainers from the Sensex were cement pivotals. Ambuja Cements (up 7.43% to Rs 125.10), and Grasim (up 4.51% to Rs 2615.75) surged.
Housing Development Finance Corporation (HDFC) jumped 5.44% to Rs 1966 after it received Rs 445 crore for its stake sale in BPO firm Intelenet to Blackstone, which has resulted in a total capital gain of Rs 381 crore on its BPO venture. At its 30th annual general meeting (AGM) held on Wednesday, 27 June 2007, HDFC chairman Deepak Parekh said interest rates had peaked and he expected them to remain stable for some time.
Pharma major Ranbaxy Laboratories advanced 1.82% to Rs 349. Ranbaxy Pharmaceuticals Inc (RPI), its wholly-owned subsidiary, has launched Pravastatin Sodium 80 mili gram tablets in the US. Pravastatin is indicated for the primary prevention of coronary events as in hypercholesterolemic patients without clinically-evident coronary disease.
State-run banking major State Bank of India (SBI) rose 1.64% to Rs 1471 on reports that it is planning to launch a private equity fund with a corpus of $1 billion (Rs 4,100 crore). ICICI Bank rose 0.55% to Rs 943.50.
Reliance Petroleum gained 2.29% to Rs 111.45, extending its recent rally. The scrip touched a high of Rs 112.70 today, 28 June 2007, which is a record high for the scrip.
Kesoram Industries jumped 8.10% to Rs 438 on media reports that chairman Basant Kumar Birla has decided to give the diversified firm to his grandson Kumar Mangalam Birla, who heads the Aditya Birla group.
State run oil exploration major Oil & Natural Gas Corporation (ONGC) lost 1.98% to Rs 903.IT major Infosys slipped 0.78% to Rs 1921.10.Index heavyweight Reliance Industries (RIL) lost 0.44% to Rs 1,690.25.
Labels: Nifty.Sensex
posted by SY at 6:09 PM
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