Sensex garners 116 points
The market was on a winning streak for the second straight day today, as buying momentum continued in index pivotals. It was firm in the first half of the day, but witnessed volatile movement in the second half, as some profit booking emerged at higher level.
The 30-share BSE Sensex rose 116.44 points to 14,411.94, as per provisional closing.
Cement major Gujarat Ambuja Cements advanced 4.73% to Rs 118.35,and it was the top gainer from the Sensex pack.ICICI Bank pared gains after striking a high of Rs 961.90.
State Bank of India (SBI) surged 4.06% to Rs 1428, advanced for the second straight day. 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).
Index heavyweight Reliance Industries (RIL) was up 0.28% to Rs 1732, on 5.50 lakh shares. As per reports, global oil giants including Shell, Exxon and Chevron are eyeing 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 run engineering major Bhel gained 2.11% to Rs 1435.IT pivotals were trading on mixed note. TCS (down 1.17% to Rs 1147), Infosys (down 0.15% to Rs 1953.90), declined while Wipro (up 0.51% to Rs 524) and Satyam Computers (up 0.54% to Rs 471), advanced.
The 30-share BSE Sensex rose 116.44 points to 14,411.94, as per provisional closing.
Cement major Gujarat Ambuja Cements advanced 4.73% to Rs 118.35,and it was the top gainer from the Sensex pack.ICICI Bank pared gains after striking a high of Rs 961.90.
State Bank of India (SBI) surged 4.06% to Rs 1428, advanced for the second straight day. 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).
Index heavyweight Reliance Industries (RIL) was up 0.28% to Rs 1732, on 5.50 lakh shares. As per reports, global oil giants including Shell, Exxon and Chevron are eyeing 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 run engineering major Bhel gained 2.11% to Rs 1435.IT pivotals were trading on mixed note. TCS (down 1.17% to Rs 1147), Infosys (down 0.15% to Rs 1953.90), declined while Wipro (up 0.51% to Rs 524) and Satyam Computers (up 0.54% to Rs 471), advanced.
Labels: Nifty.Sensex
posted by SY at 4:35 PM
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