Markets trading firm
The marked was trading firm in mid-morning trade, after striking an all-time high in the opening session. Some profit booking took place at higher levels. IT stocks were in demand ahead of Q1 June 2007 results.
At 12.15 pm IST, the Sensex is up 92.56 points at 15056.58 and the Nifty up 30.95 points 4415.80.
IT stocks were in demand on renewed buying interest ahead of Q1 June 2007 results.The rupee climbed towards a nine-year peak on Monday, 9 July 2007 as traders built positions in the local unit in anticipation of strong foreign investment flows and on positive cues global equities. At 9:45 IST, the partially convertible rupee was at 40.39/40 per dollar, strengthening from Friday's (6 July 2007) 40.46/47, and moving towards a nine-year high of 40.28, hit in late May 2007.
Infosys Technologies (up 1.41% to Rs 1,999), Satyam Computers (up 0.75% to Rs 492.85), Wipro (up 0.66% to Rs 522.90), and TCS (up 0.99% to Rs 1,170.50) advanced. Infosys declares its Q1 June 2007 results on Wednesday, 11 July 2007.
Reliance Energy extended early gains, and was the top gainer among the Sensex constituents. It was up 3.20% to Rs 617 on 1.89 lakh shares. As per reports, the company will build a 100-storied business center in Hyderabad
Bhel (up 2.26% to Rs 1591), ONGC (up 1.80% to Rs 895.10), and HDFC Bank (up 1.39% to Rs 1169.10) were the other gainers.
At 12.15 pm IST, the Sensex is up 92.56 points at 15056.58 and the Nifty up 30.95 points 4415.80.
IT stocks were in demand on renewed buying interest ahead of Q1 June 2007 results.The rupee climbed towards a nine-year peak on Monday, 9 July 2007 as traders built positions in the local unit in anticipation of strong foreign investment flows and on positive cues global equities. At 9:45 IST, the partially convertible rupee was at 40.39/40 per dollar, strengthening from Friday's (6 July 2007) 40.46/47, and moving towards a nine-year high of 40.28, hit in late May 2007.
Infosys Technologies (up 1.41% to Rs 1,999), Satyam Computers (up 0.75% to Rs 492.85), Wipro (up 0.66% to Rs 522.90), and TCS (up 0.99% to Rs 1,170.50) advanced. Infosys declares its Q1 June 2007 results on Wednesday, 11 July 2007.
Reliance Energy extended early gains, and was the top gainer among the Sensex constituents. It was up 3.20% to Rs 617 on 1.89 lakh shares. As per reports, the company will build a 100-storied business center in Hyderabad
Bhel (up 2.26% to Rs 1591), ONGC (up 1.80% to Rs 895.10), and HDFC Bank (up 1.39% to Rs 1169.10) were the other gainers.
Labels: Nifty.Sensex
posted by SY at 12:04 PM
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