Markets end flat
After trading strong till late-afternoon trade, following steady buying interest in index pivotals, the market came sharply off higher level during late afternoon session on fresh selling. Short covering at lower level restricted the fall.Sensex ended up 26.34 points or 0.17% at 15260.91, and the Nifty down 5.15 points or 0.12% at 4440.05.
Hindustan Unilever jumped 6.10% to Rs 208.40 on 14.42 lakh shares after its board of directors at its meeting held on 29 July 2007 approved the buyback at a price not exceeding Rs 230 per share up to an aggregate amount of Rs 630 crore.
State Bank of India (SBI), the country’s biggest commercial bank, advanced 5.40% to Rs 1,581. Cement stocks ACC (up 2.37% to Rs 1023.60), Ambuja Cements (up 2.92% to Rs 128.70) and UltraTech Cement Company (up 2.80% to Rs 899) gained on fresh buying
Aditya Birla Group diversified company Grasim Industries gained 2.20% to Rs 2925. Grasim, on Saturday, 29 July 2007, reported a 64.04% jump in net profit to Rs 511.66 crore in Q1 June 2007 over Q1 June 2006. The total income of the Mumbai-based company increased 30.23% to Rs 2,512.53 crore in Q1 June 2007 over Q1 June 2006.
India’s leading utility company Reliance Energy rose 1.95% to Rs 778.25 after hitting a high of Rs 814.90. It has won the revised bid for the Sasan ultra mega power project (UMPP), the government said today. Last week, the government officially disqualified the Lanco Infratech-Globeleq consortium, alleging misrepresentation of financial data and the subsequent withdrawal of Globeleq from the consortium. Lanco had apparently bid Rs 1.19 per unit in the first auction. REL had previously bid Rs 1.29 per unit. Other suitors in the race for the Sasan project were NTPC and Jaiprakash Associates.
L&T, India’s largest engineering & construction firm, rose 0.97% to Rs 2449.India’s largest private sector company Reliance Industries (RIL) declined 1.27% to Rs 1,842.70 on media reports that it may suspend its $5.2-billion project for producing gas from D6 block in KG basin if the Indian government does not approve its gas price formula by the end of August 2007.Aluminium and copper major Hindalco Industries slumped 4.24% to Rs 165.95.
Mahindra & Mahindra, the country’s largest tractor maker by sales, slumped 2.82% to Rs 754, after its net profit declined 6.37% to Rs 191.17 in Q1 June 2007 over Q1 June 2006. Total income rose 15.89% to Rs 2644.38 crore in Q1 June 2007 over Q1 June 2006.
ITC (down 2.65% to Rs 167.25), TCS (down 1.73% to Rs 1133), and Bhel (down 1.21% to Rs 1640) were the other losers.India’s largest private steel maker Tata Steel lost 0.70% to Rs 647 after it reported a 28% growth in net profit to Rs 1222 crore in Q1 June 2007 over Q1 June 2006. Net sales rose 7.66% to Rs 4198 crore in Q1 June 2007 over Q1 June 2007
Hindustan Unilever jumped 6.10% to Rs 208.40 on 14.42 lakh shares after its board of directors at its meeting held on 29 July 2007 approved the buyback at a price not exceeding Rs 230 per share up to an aggregate amount of Rs 630 crore.
State Bank of India (SBI), the country’s biggest commercial bank, advanced 5.40% to Rs 1,581. Cement stocks ACC (up 2.37% to Rs 1023.60), Ambuja Cements (up 2.92% to Rs 128.70) and UltraTech Cement Company (up 2.80% to Rs 899) gained on fresh buying
Aditya Birla Group diversified company Grasim Industries gained 2.20% to Rs 2925. Grasim, on Saturday, 29 July 2007, reported a 64.04% jump in net profit to Rs 511.66 crore in Q1 June 2007 over Q1 June 2006. The total income of the Mumbai-based company increased 30.23% to Rs 2,512.53 crore in Q1 June 2007 over Q1 June 2006.
India’s leading utility company Reliance Energy rose 1.95% to Rs 778.25 after hitting a high of Rs 814.90. It has won the revised bid for the Sasan ultra mega power project (UMPP), the government said today. Last week, the government officially disqualified the Lanco Infratech-Globeleq consortium, alleging misrepresentation of financial data and the subsequent withdrawal of Globeleq from the consortium. Lanco had apparently bid Rs 1.19 per unit in the first auction. REL had previously bid Rs 1.29 per unit. Other suitors in the race for the Sasan project were NTPC and Jaiprakash Associates.
L&T, India’s largest engineering & construction firm, rose 0.97% to Rs 2449.India’s largest private sector company Reliance Industries (RIL) declined 1.27% to Rs 1,842.70 on media reports that it may suspend its $5.2-billion project for producing gas from D6 block in KG basin if the Indian government does not approve its gas price formula by the end of August 2007.Aluminium and copper major Hindalco Industries slumped 4.24% to Rs 165.95.
Mahindra & Mahindra, the country’s largest tractor maker by sales, slumped 2.82% to Rs 754, after its net profit declined 6.37% to Rs 191.17 in Q1 June 2007 over Q1 June 2006. Total income rose 15.89% to Rs 2644.38 crore in Q1 June 2007 over Q1 June 2006.
ITC (down 2.65% to Rs 167.25), TCS (down 1.73% to Rs 1133), and Bhel (down 1.21% to Rs 1640) were the other losers.India’s largest private steel maker Tata Steel lost 0.70% to Rs 647 after it reported a 28% growth in net profit to Rs 1222 crore in Q1 June 2007 over Q1 June 2006. Net sales rose 7.66% to Rs 4198 crore in Q1 June 2007 over Q1 June 2007
Labels: Nifty.Sensex
posted by SY at 5:20 PM
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