Markets give up some early gains
The market which surged in initial trades, pared gains as some profit taking emerged at higher level. It opened as strong buying interest continued following a strong 249-point rally on Thursday, 19 July 2007. Also strong Asian and US markets boosted sentiment in early trade.
At 12.15 pm IST, the Sensex is up 108.66 points at 15658.79, and the Nifty up 29.05 points at 4591.15.
India’s largest telecom services provider Bharti Airtel was the top gainer from the Sensex pack. It galloped 3.78% to Rs 929.10.Bharti Enterprises, the parent of Bharti Airtel said on Wednesday, 18 July 2007, one of its group companies had bought a 4.99% in the telecom firm from Vodafone. The purchase took Bharti's voting interest in Bharti Airtel to more than 50%.
India's second-largest mobile services firm Reliance Communications (RCom) rose 0.40% to Rs 581.55. The company has sold a 5% stake in its telecom tower business, valued at Rs 27000 crore, Chairman Anil Ambani said on Thursday, 19 July 2007. It has placed the 5% stake with a handful of leading investors in the United States, Europe and Asia, for Rs 1400 crore.RCom is also evaluating a possible initial public offering or strategic equity placements for the tower business, Ambani said.
India's largest private sector company Reliance Industries (RIL) was down 0.30% to Rs 1,891.Satyam Computer Services slipped 2.20% to Rs 476, and was the top loser from Sensex pack. It posted a fall in net profit on sequential basis to Rs 389.14 crore for the quarter ended June 2007 as compared to Rs 397.50 crore for the quarter ended March 2007. Total income increased to Rs 1820.93 crore for the quarter ended June 2007 as compared to Rs 1709.03 crore for the quarter ended March 2007. The results were announced during premarket hours today.
Bajaj Auto (down 1.3% to Rs 2353), ACC (down 1.75% to Rs 1130), and Hindustan Unilever (down 1.74% to Rs 194.40), were the other losers.
At 12.15 pm IST, the Sensex is up 108.66 points at 15658.79, and the Nifty up 29.05 points at 4591.15.
India’s largest telecom services provider Bharti Airtel was the top gainer from the Sensex pack. It galloped 3.78% to Rs 929.10.Bharti Enterprises, the parent of Bharti Airtel said on Wednesday, 18 July 2007, one of its group companies had bought a 4.99% in the telecom firm from Vodafone. The purchase took Bharti's voting interest in Bharti Airtel to more than 50%.
India's second-largest mobile services firm Reliance Communications (RCom) rose 0.40% to Rs 581.55. The company has sold a 5% stake in its telecom tower business, valued at Rs 27000 crore, Chairman Anil Ambani said on Thursday, 19 July 2007. It has placed the 5% stake with a handful of leading investors in the United States, Europe and Asia, for Rs 1400 crore.RCom is also evaluating a possible initial public offering or strategic equity placements for the tower business, Ambani said.
India's largest private sector company Reliance Industries (RIL) was down 0.30% to Rs 1,891.Satyam Computer Services slipped 2.20% to Rs 476, and was the top loser from Sensex pack. It posted a fall in net profit on sequential basis to Rs 389.14 crore for the quarter ended June 2007 as compared to Rs 397.50 crore for the quarter ended March 2007. Total income increased to Rs 1820.93 crore for the quarter ended June 2007 as compared to Rs 1709.03 crore for the quarter ended March 2007. The results were announced during premarket hours today.
Bajaj Auto (down 1.3% to Rs 2353), ACC (down 1.75% to Rs 1130), and Hindustan Unilever (down 1.74% to Rs 194.40), were the other losers.
Labels: Nifty.Sensex
posted by SY at 12:13 PM
0 Comments:
Post a Comment
<< Home