Markets end in green
The market settled in the green as buying continued in index pivotals for the third straight session. The makret saw volatile movements during the day, swinging between the positive and negative zones. Shares from the banking, real estate, and cement sectors advanced, while IT, FMCG and pharma stocks declined.
The 30-share BSE Sensex gained 31.25 points, or 0.20%, to 15,303.97.The S&P CNX Nifty was up 10.65 points to 4,515.20, as per provisional closing.
Reliance Energy gained 4.85% to Rs 708, on 7.70 lakh shares. The Anil Ambani-controlled Reliance Energy (REL) has set a target to bag at least two ultra mega power projects (UMPPs) of 4,000 MW each with an investment outlay of nearly Rs 40,000 crore. It was the top gainer from the Sensex pack.
State-run banking major State Bank of India (SBI) surged 4.15% to Rs 1,618.50. SBI Mutual Fund on Thursday, 12 July 2007 said it collected Rs 2,536 crore from Infrastructure Fund Series-I, which closed for subscription in June 2007. The scheme got good response from retail investors, and received an overwhelming 6.7 lakh applications during the new fund offer (NFO) period
Auto major Bajaj Auto jumped 4.11% to Rs 2,264 on reports the two-wheeler maker is looking for an acquisition in the European motorcycle market. As per reports, ace bike makers Ducati Motor Holding of Italy and Triumph Motorcycles of the UK are among the possible targets for acquisition.
Telecom services provider Reliance Communication moved up 3.44% to Rs 573.80 on reports that it had signed an agreement to acquire US-based Yipes for $300 million. The stock also struck an all-time high of Rs 572.70. Yipes Enterprise Services, Inc, the leading provider of managed, end-to-end gigabit ethernet solutions, is a privately held company backed by top tier investors.
Cement stocks gained on fresh buying. ACC (up 2.30% to Rs 1,121), Ambuja Cements (up 3.65% to Rs 133.60), Birla Corporation (up 1.45% to Rs 295), UltraTech Cement Company (up 3.71% to Rs 963) and Shree Cements (up 9.64% to Rs 1500) edged higher
State-run oil exploration major Oil and Natural Gas Corporation (ONGC) gained 1.60% to Rs 915 on its plans to expand its presence in the power sector by adding about 2,700 MW of gas-based generation capacity, for both captive and commercial use, through three plants. The plant at the company's special economic zone at Dahej in Gujarat is touted to be biggest among the, 1,000-MW gas-based plants.
Index heavyweight Reliance Industries (RIL) was up 0.20% to Rs 1,772.FMCG major Hindustan Unilever slumped 2.66% to Rs 197.25.Pharma shares slipped on profit booking. Cipla (down 1.63% to Rs 207.90), Ranbaxy Laboratories (down 2.05% to Rs 346), and Dr. Reddy’s Laboratories (down 1.17% to Rs 660.50) slipped. A strong rupee impacts the margin of pharma companies.
IT pivotals remained subdued throughout the day. Satyam Computer (down 2.58% to Rs 480.50), Wipro (down 2.46% to Rs 500), TCS (down 0.87% to Rs 1127) and Infosys (down 0.01% to Rs 1940) edged lower. TCS will announce its Q1 June 2007 results after trading hours today, 16 July 2007.
The 30-share BSE Sensex gained 31.25 points, or 0.20%, to 15,303.97.The S&P CNX Nifty was up 10.65 points to 4,515.20, as per provisional closing.
Reliance Energy gained 4.85% to Rs 708, on 7.70 lakh shares. The Anil Ambani-controlled Reliance Energy (REL) has set a target to bag at least two ultra mega power projects (UMPPs) of 4,000 MW each with an investment outlay of nearly Rs 40,000 crore. It was the top gainer from the Sensex pack.
State-run banking major State Bank of India (SBI) surged 4.15% to Rs 1,618.50. SBI Mutual Fund on Thursday, 12 July 2007 said it collected Rs 2,536 crore from Infrastructure Fund Series-I, which closed for subscription in June 2007. The scheme got good response from retail investors, and received an overwhelming 6.7 lakh applications during the new fund offer (NFO) period
Auto major Bajaj Auto jumped 4.11% to Rs 2,264 on reports the two-wheeler maker is looking for an acquisition in the European motorcycle market. As per reports, ace bike makers Ducati Motor Holding of Italy and Triumph Motorcycles of the UK are among the possible targets for acquisition.
Telecom services provider Reliance Communication moved up 3.44% to Rs 573.80 on reports that it had signed an agreement to acquire US-based Yipes for $300 million. The stock also struck an all-time high of Rs 572.70. Yipes Enterprise Services, Inc, the leading provider of managed, end-to-end gigabit ethernet solutions, is a privately held company backed by top tier investors.
Cement stocks gained on fresh buying. ACC (up 2.30% to Rs 1,121), Ambuja Cements (up 3.65% to Rs 133.60), Birla Corporation (up 1.45% to Rs 295), UltraTech Cement Company (up 3.71% to Rs 963) and Shree Cements (up 9.64% to Rs 1500) edged higher
State-run oil exploration major Oil and Natural Gas Corporation (ONGC) gained 1.60% to Rs 915 on its plans to expand its presence in the power sector by adding about 2,700 MW of gas-based generation capacity, for both captive and commercial use, through three plants. The plant at the company's special economic zone at Dahej in Gujarat is touted to be biggest among the, 1,000-MW gas-based plants.
Index heavyweight Reliance Industries (RIL) was up 0.20% to Rs 1,772.FMCG major Hindustan Unilever slumped 2.66% to Rs 197.25.Pharma shares slipped on profit booking. Cipla (down 1.63% to Rs 207.90), Ranbaxy Laboratories (down 2.05% to Rs 346), and Dr. Reddy’s Laboratories (down 1.17% to Rs 660.50) slipped. A strong rupee impacts the margin of pharma companies.
IT pivotals remained subdued throughout the day. Satyam Computer (down 2.58% to Rs 480.50), Wipro (down 2.46% to Rs 500), TCS (down 0.87% to Rs 1127) and Infosys (down 0.01% to Rs 1940) edged lower. TCS will announce its Q1 June 2007 results after trading hours today, 16 July 2007.
Labels: Nifty.Sensex
posted by SY at 5:35 PM
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