Markets trading strong
The market advanced in opening trade as buying interest continued after a strong late recovery yesterday, 18 July 2007.The markets are trading firm at the higher levels on the back of buying seen in scrips across sectors.At 11.50 am IST, the Sensex is up 192.78 points at 15493.95, and the Nifty up 47 points at 4546.55.
Cement stocks advanced in the wake of infrastructure boom.Grasim surged 4.14% to Rs 3,010.Other cement stocks ACC (up 1.50% to Rs 1150.10), India Cements (up 1.21% to Rs 232) and UltraTech Cement Company (up 2.10% to Rs 977) also edged higher.
Index heavyweight Reliance Industries (RIL) struck an all- time of Rs 1,859. It was now up 1.70% to Rs 1,851, on 2.08 lakh shares. The Bombay High Court on Wednesday, 18 July 2007, refused to stay an interim order barring Reliance Industries (RIL) from selling gas from its KG basin field to any other firm except Anil Ambani's Reliance Natural Resources (RNRL) and state-run NTPC. A division bench of Justices J N Patel and Ahmed Sayed also adjourned by eight weeks the hearing on RIL's appeal against the previous interim order.The court, however, said the government can go ahead with the process of fixing of gas price as per the contract for the field, without any prejudice to either party.
Wipro was the top loser from Sensex pack, down 0.51% to Rs 503.50, on 1.02 lakh shares. Wipro today, 19 July 2007, posted a lower-than-expected 16% rise in net profit to Rs 710 crore in Q1 June 2007 compared to Rs 614 crore in Q1 June 2006.Wipro added 39 clients in the June 2007 quarter. It has forecast its IT services revenue would rise 32% to $777 million in Q2 September 2007, up from $589 million in Q2 September 2006.
Hindustan Unilever lost 0.41% to Rs 198, while Mahindra & Mahindra declined 0.33% to Rs 802.
Zee Entertainment Enterprises surged 4% to Rs 339.50 on huge volumes of 74.66 lakh shares after three block deals of 23.34 lakh shares each were strcuk in the counter at an average price of Rs 328 per share on BSE in opening trade. It was the top traded counter on BSE with total turnover of Rs 248.02 crore
Cement stocks advanced in the wake of infrastructure boom.Grasim surged 4.14% to Rs 3,010.Other cement stocks ACC (up 1.50% to Rs 1150.10), India Cements (up 1.21% to Rs 232) and UltraTech Cement Company (up 2.10% to Rs 977) also edged higher.
Index heavyweight Reliance Industries (RIL) struck an all- time of Rs 1,859. It was now up 1.70% to Rs 1,851, on 2.08 lakh shares. The Bombay High Court on Wednesday, 18 July 2007, refused to stay an interim order barring Reliance Industries (RIL) from selling gas from its KG basin field to any other firm except Anil Ambani's Reliance Natural Resources (RNRL) and state-run NTPC. A division bench of Justices J N Patel and Ahmed Sayed also adjourned by eight weeks the hearing on RIL's appeal against the previous interim order.The court, however, said the government can go ahead with the process of fixing of gas price as per the contract for the field, without any prejudice to either party.
Wipro was the top loser from Sensex pack, down 0.51% to Rs 503.50, on 1.02 lakh shares. Wipro today, 19 July 2007, posted a lower-than-expected 16% rise in net profit to Rs 710 crore in Q1 June 2007 compared to Rs 614 crore in Q1 June 2006.Wipro added 39 clients in the June 2007 quarter. It has forecast its IT services revenue would rise 32% to $777 million in Q2 September 2007, up from $589 million in Q2 September 2006.
Hindustan Unilever lost 0.41% to Rs 198, while Mahindra & Mahindra declined 0.33% to Rs 802.
Zee Entertainment Enterprises surged 4% to Rs 339.50 on huge volumes of 74.66 lakh shares after three block deals of 23.34 lakh shares each were strcuk in the counter at an average price of Rs 328 per share on BSE in opening trade. It was the top traded counter on BSE with total turnover of Rs 248.02 crore
Labels: Nifty.Sensex
posted by SY at 11:46 AM
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