Markets trading flat
The market spurted in opening trades despite the subdued trend in Asian markets.The markets are trading flat but in green after giving up some of its opening gains on the back of selling pressure in the cap good, banking and FMCG stocks. However, auto, IT and realty stocks are still strong and attracting decent attention.
At 11:45 am, Sensex is trading up 68.63 points at 15767.96 and Nifty is up 11.35 points at 4600.05.
India’s fourth largest software services exporter, Satyam Computer Services jumped 3.25% to Rs 505.Auto stocks were in demand on fresh buying. Maruti Udyog (up 3% to Rs 834), Bajaj Auto (up 1.93% to Rs 2400), Mahindra & Mahindra (up 1.66% to Rs 794.65), and Tata Motors (up 1.47% to Rs 736.60), advanced.
India’s biggest cellular services provider Bharti Airtel struck an all time high of Rs 960 in opening trade. However it slipped from there, and was now down 1.25% to Rs 935. Its consolidated net profit as per US GAAP jumped 100% to Rs 1511.60 crore in Q1 June 2007 over Q1 June 2006, exceeding market expectations. Revenue rose 53% to Rs 5904.60 crore in Q1 June 2007 over Q1 June 2006. Revenue growth was within market expectations. The results hit the market just at the onset of the trading session today, 26 July 2007.
Second largest private sector bank HDFC Bank lost 2.38% to Rs 1,212.
India’s second largest software services exporter Infosys Technologies gained 1.27% to Rs 2015 after it bagged a $250-million (around Rs 1,010 crore) contract from Royal Philips Electronics.
India's largest wind turbine generator Suzlon Energy plunged 5.50% to Rs 1327 after its net profit declined 53.8% to Rs 89.4 crore in Q1 June 2007 over Q1 June 2006. Total income dipped 8.85% to Rs 862.9 crore in Q1 June 2007 over Q1 June 2006. The company made this announcement before market hours today, 26 July 2007
At 11:45 am, Sensex is trading up 68.63 points at 15767.96 and Nifty is up 11.35 points at 4600.05.
India’s fourth largest software services exporter, Satyam Computer Services jumped 3.25% to Rs 505.Auto stocks were in demand on fresh buying. Maruti Udyog (up 3% to Rs 834), Bajaj Auto (up 1.93% to Rs 2400), Mahindra & Mahindra (up 1.66% to Rs 794.65), and Tata Motors (up 1.47% to Rs 736.60), advanced.
India’s biggest cellular services provider Bharti Airtel struck an all time high of Rs 960 in opening trade. However it slipped from there, and was now down 1.25% to Rs 935. Its consolidated net profit as per US GAAP jumped 100% to Rs 1511.60 crore in Q1 June 2007 over Q1 June 2006, exceeding market expectations. Revenue rose 53% to Rs 5904.60 crore in Q1 June 2007 over Q1 June 2006. Revenue growth was within market expectations. The results hit the market just at the onset of the trading session today, 26 July 2007.
Second largest private sector bank HDFC Bank lost 2.38% to Rs 1,212.
India’s second largest software services exporter Infosys Technologies gained 1.27% to Rs 2015 after it bagged a $250-million (around Rs 1,010 crore) contract from Royal Philips Electronics.
India's largest wind turbine generator Suzlon Energy plunged 5.50% to Rs 1327 after its net profit declined 53.8% to Rs 89.4 crore in Q1 June 2007 over Q1 June 2006. Total income dipped 8.85% to Rs 862.9 crore in Q1 June 2007 over Q1 June 2006. The company made this announcement before market hours today, 26 July 2007
Labels: Nifty.Sensex
posted by SY at 11:39 AM
0 Comments:
Post a Comment
<< Home