Tuesday, July 03, 2007

Nifty eyeing all time high

The market opened on a strong note, tracking firm global equities. This is the fourth straight day of gains for the market. The sentiment has been lifted by data, on Friday 29 June 2007, showing fall in inflation to a 14-month low.

At 11:55 IST, the BSE 30-share Sensex was up 121.11 points to 14,785.37 while the S&P CNX Nifty was up 36.25 points to 4350.00.

Top gainers are Larsen & Toubro, HDFC Bank, ICICI Bank, SBI, VSNL and Sterlite Industies whereas Reliance Energy, Tata Power, HDFC, Nalco, Hero Honda and Bajaj Auto are losers.

State Bank of India (SBI), the country's largest commercial bank, advanced 2.82% to Rs 1574.HDFC Bank (up 1.23% to Rs 1,160.20), ICICI Bank (up 1.82% to Rs 968) also edged higher.Index heavyweight Reliance Industries (RIL) was up 0.75% to Rs 1,697.

Housing finance major HDFC lost 1.76% to Rs 1995.IT stocks, TCS (down 0.43% to Rs 1129.70), and Infosys (down 0.38% to Rs 1935.30), were the other losers.

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