Markets trading flat
The market opened on a strong note tracking firm global equities. But is pared gains sharply after striking all-time high.
At 12:10 pm, the Sensex was up 18.81 points at 14825.32. However, the Nifty was down 6.40 points at 4,351.15.Top gainers were HUL, Ambuja Cements, Grasim, Cipla while BHEL, ONGC, TCS and Infosys were losers.
Cement stocks advanced on renewed buying. Ambuja Cements gained 1.37% to Rs 126.10.
Other cement stocks, ACC (up 1.19% to Rs 949.50) and Grasim (up 0.65% to Rs 2720.15) also edged higher.FMCG major Hindustan Unilever rose 1.46% to Rs 197.50 while pharma major Cipla rose 0.35% to Rs 214.50.
Index heavyweight Reliance Industries (RIL) was up 0.56% to Rs 1,715.50 on 1.24 lakh shares. The Committee of Secretaries (CoS), which met on Monday 2 July 2007 to decide on the issue of gas pricing from RIL’s D6 fields in the Krishna-Godavari (K-G) basin, has asked the power and fertiliser ministries to present their views before the committee on 5 July 2007. No decision was taken in the meeting even as the petroleum ministry pitched for a market-determined price of gas produced from NELP blocks.
HDFC Bank was the top loser from the Sensex pack. The stock was down 1.35% to Rs 1135.State Bank of India (down 0.98% to Rs 1567), Maruti Udyog (down 0.78% to Rs 778), and Hindalco (down 0.79% to Rs 156.30) were the other losers.
Vishal Retail was hovering at Rs 749, a huge premium of 177.4% over the IPO price of Rs 270. The scrip touched a high of Rs 809 and low of Rs 423.25 so far during the day. It debuted at Rs 472.50. On BSE, 27.53 lakh shares were traded in the scrip.
At 12:10 pm, the Sensex was up 18.81 points at 14825.32. However, the Nifty was down 6.40 points at 4,351.15.Top gainers were HUL, Ambuja Cements, Grasim, Cipla while BHEL, ONGC, TCS and Infosys were losers.
Cement stocks advanced on renewed buying. Ambuja Cements gained 1.37% to Rs 126.10.
Other cement stocks, ACC (up 1.19% to Rs 949.50) and Grasim (up 0.65% to Rs 2720.15) also edged higher.FMCG major Hindustan Unilever rose 1.46% to Rs 197.50 while pharma major Cipla rose 0.35% to Rs 214.50.
Index heavyweight Reliance Industries (RIL) was up 0.56% to Rs 1,715.50 on 1.24 lakh shares. The Committee of Secretaries (CoS), which met on Monday 2 July 2007 to decide on the issue of gas pricing from RIL’s D6 fields in the Krishna-Godavari (K-G) basin, has asked the power and fertiliser ministries to present their views before the committee on 5 July 2007. No decision was taken in the meeting even as the petroleum ministry pitched for a market-determined price of gas produced from NELP blocks.
HDFC Bank was the top loser from the Sensex pack. The stock was down 1.35% to Rs 1135.State Bank of India (down 0.98% to Rs 1567), Maruti Udyog (down 0.78% to Rs 778), and Hindalco (down 0.79% to Rs 156.30) were the other losers.
Vishal Retail was hovering at Rs 749, a huge premium of 177.4% over the IPO price of Rs 270. The scrip touched a high of Rs 809 and low of Rs 423.25 so far during the day. It debuted at Rs 472.50. On BSE, 27.53 lakh shares were traded in the scrip.
Labels: Nifty.Sensex
posted by SY at 12:06 PM
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