Markets trading firm
The market opened firm today, 21 June 2007, as buying continued in index pivotals for the third straight day.At 10.41 am IST, the Sensex is up 80.81 points or 0.56% at 14492.76, and the Nifty up 13.10 points or 0.31% at 4261.75.The market may stay volatile over the next few days ahead of expiry of June 2007 derivatives contracts next Thursday, 28 June 2007.
The follow on public offer (FPO) of ICICI Bank was subscribed 3.15 times on Wednesday, 20 June 2007. The issue closes on Friday, 22 June 2007.Housing finance major HDFC was up 1.83% to Rs 1,843.40.Pharma major Ranbaxy Laboratories rose 1.72% to Rs 357.90
Index heavyweight Reliance Industries (RIL) was up 0.40% to Rs 1,739 on 80,439 shares. As per reports, global oil giants including Shell, Exxon and Chevron are eying a stake in Reliance Industries’ overseas oil & gas assets. RIL recently hived off these assets into a separate company, Reliance Exploration and Production DMCC.
State Bank of India (SBI), extending its rally for the third straight day, was up 1% to Rs 1,438.85. SBI is set to raise $225 million from the overseas market this year by issuing perpetual bonds. The overseas issue opened on Monday, 18 June 2007, and the bank is expected to price the bonds this week. It plans to raise a total of Rs 15,000 crore this year in the form of equity (tier-I) and debt (tier-II).
Tata Motors was up 0.63% to Rs 691.25 after the vehicle maker said that it would raise Rs 1,836 crore in the international markets. The company made the announcement after market hours on Wednesday, 20 June 2007. The funds would be utilised to meet capital and product development expenses in projects involving the growth of both its commercial vehicle and passenger car business units apart from other unspecified corporate purposes.
Cigarette major ITC lost 0.70% to Rs 154.ICICI Bank was down 0.40% to Rs 944.
State-run oil exploration major Oil & Natural Gas Corporation (ONGC) was down 0.35% to Rs 915. As per reports, the Directorate General of Hydrocarbons has sharply cut the estimates of ONGC's gas discovery in a block in Krishna-Godavari basin. This may come has a setback to ONGC which was betting heavily on discovery in this particular block for its future growth.
The follow on public offer (FPO) of ICICI Bank was subscribed 3.15 times on Wednesday, 20 June 2007. The issue closes on Friday, 22 June 2007.Housing finance major HDFC was up 1.83% to Rs 1,843.40.Pharma major Ranbaxy Laboratories rose 1.72% to Rs 357.90
Index heavyweight Reliance Industries (RIL) was up 0.40% to Rs 1,739 on 80,439 shares. As per reports, global oil giants including Shell, Exxon and Chevron are eying a stake in Reliance Industries’ overseas oil & gas assets. RIL recently hived off these assets into a separate company, Reliance Exploration and Production DMCC.
State Bank of India (SBI), extending its rally for the third straight day, was up 1% to Rs 1,438.85. SBI is set to raise $225 million from the overseas market this year by issuing perpetual bonds. The overseas issue opened on Monday, 18 June 2007, and the bank is expected to price the bonds this week. It plans to raise a total of Rs 15,000 crore this year in the form of equity (tier-I) and debt (tier-II).
Tata Motors was up 0.63% to Rs 691.25 after the vehicle maker said that it would raise Rs 1,836 crore in the international markets. The company made the announcement after market hours on Wednesday, 20 June 2007. The funds would be utilised to meet capital and product development expenses in projects involving the growth of both its commercial vehicle and passenger car business units apart from other unspecified corporate purposes.
Cigarette major ITC lost 0.70% to Rs 154.ICICI Bank was down 0.40% to Rs 944.
State-run oil exploration major Oil & Natural Gas Corporation (ONGC) was down 0.35% to Rs 915. As per reports, the Directorate General of Hydrocarbons has sharply cut the estimates of ONGC's gas discovery in a block in Krishna-Godavari basin. This may come has a setback to ONGC which was betting heavily on discovery in this particular block for its future growth.
Labels: Nifty.Sensex
posted by SY at 11:26 AM
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