Markets trading firm
The market was trading slightly higher in early trades, with high volatility. Cues from the global markets were weak.The market saw strength after initial weakness as buying resumed in index pivotals.At 12.10 pm IST, the Sensex is up 56.81 points at 15622.36, and the Nifty up 20.10 points at 4586.15.
Engineering & construction major L&T galloped 4% to Rs 2,574.85, after striking an all-time high of Rs 2,575.State-run engineering major Bhel gained 3.16% to Rs 1,700.05.
Hindustan Unilever (HUL) jumped 3.9% to Rs 201.85 after its parent announced after market hours on 20 July 2007 it is considering a plan to buy its own shares on 29 July 2007. HUL will also declare financial accounts for the second quarter and half year ended 30 June 2007 on that day.
State-run oil exploration major ONGC gained 1.25% to Rs 898 after the company said that it may have to shoulder lesser burden of fuel subsidies with the government agreeing to consider exchange rate losses while calculating the subsidy burden the upstream oil companies have to bear. Every one rupee appreciation against the dollar results in revenue loss of about Rs 900 crore to ONGC.
Domestic pharma major Cipla was the top loser from the Sensex pack. It shed 3.71% to Rs 193.45, on 12.58 lakh shares after posting a 30% drop in net profit to Rs 120 crore in Q1 June 2007 over Q1 June 2006. Net sales rose 5% to Rs 902 crore in Q1 June 2007 over Q1 June 2006 on the back of growth in active pharmaceutical ingredient (API) exports business. The results were announced on 21 July 2007.
Infosys Technologies shed 2.16% to Rs 1943.90 after both the companies, Infosys and Capgemini, denied rumors of Infosys mulling the acquisition of aquiring Capgemini.
ICICI Bank dipped 1.36% to Rs 972 despite posting a 25% rise in net profit in Q1 June 2007 to Rs 775.08 crore over Q1 June 2006, riding on increased fee-based income and retail lending. Total operating income rose 46.9% to Rs 9,281.42 crore in Q1 June 2007 over Q1 June 006. Fee income increased 35% to Rs 1,428 crore in Q1 June 2007 over Q1 June 2006.
Engineering & construction major L&T galloped 4% to Rs 2,574.85, after striking an all-time high of Rs 2,575.State-run engineering major Bhel gained 3.16% to Rs 1,700.05.
Hindustan Unilever (HUL) jumped 3.9% to Rs 201.85 after its parent announced after market hours on 20 July 2007 it is considering a plan to buy its own shares on 29 July 2007. HUL will also declare financial accounts for the second quarter and half year ended 30 June 2007 on that day.
State-run oil exploration major ONGC gained 1.25% to Rs 898 after the company said that it may have to shoulder lesser burden of fuel subsidies with the government agreeing to consider exchange rate losses while calculating the subsidy burden the upstream oil companies have to bear. Every one rupee appreciation against the dollar results in revenue loss of about Rs 900 crore to ONGC.
Domestic pharma major Cipla was the top loser from the Sensex pack. It shed 3.71% to Rs 193.45, on 12.58 lakh shares after posting a 30% drop in net profit to Rs 120 crore in Q1 June 2007 over Q1 June 2006. Net sales rose 5% to Rs 902 crore in Q1 June 2007 over Q1 June 2006 on the back of growth in active pharmaceutical ingredient (API) exports business. The results were announced on 21 July 2007.
Infosys Technologies shed 2.16% to Rs 1943.90 after both the companies, Infosys and Capgemini, denied rumors of Infosys mulling the acquisition of aquiring Capgemini.
ICICI Bank dipped 1.36% to Rs 972 despite posting a 25% rise in net profit in Q1 June 2007 to Rs 775.08 crore over Q1 June 2006, riding on increased fee-based income and retail lending. Total operating income rose 46.9% to Rs 9,281.42 crore in Q1 June 2007 over Q1 June 006. Fee income increased 35% to Rs 1,428 crore in Q1 June 2007 over Q1 June 2006.
Labels: Nifty.Sensex
posted by SY at 12:05 PM
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