Record closing high for Sensex, Nifty
The market edged higher for the fifth straight trading session today, 4 July 2007, on firm global markets, steady progress of monsoon, and on lower inflation.
Nifty closed at 4,359 up just 2 points, while Sensex shut shop at 14,880 up 73 points.
Cement stocks traded up following reports that cement firms have hiked prices by Rs 3-Rs 5 per 50-kilogram bag across India effective today. Cement major ACC surged 7% to Rs 1004.Ambuja Cements (up 4.50% to Rs 130), Grasim (up 1.45% to Rs 2742), UltraTech Cement Company (up 4.72 % to Rs 926), and India Cements (up 3.51% to Rs 215) were the other gainers from the cement sector.
Private sector banking major ICICI Bank rose 2.46% to Rs 989.95 following reports that the department of industrial policy and promotion has approved ICICI Bank's plan to sell a 24% stake in ICICI Financial Services. ICICI Bank had recently said that its plant to sell stake in ICICI Financial Services to foreign investors was unlikely to get go ahead from the Foreign Investment Promotion Board (FIPB).
Index heavyweight Reliance Industries (RIL) advanced from a low of Rs 1,705.IT pivotals slipped as the rupee hovered near one-month high at 40.55/56 against the US currency in late morning deals on Wednesday, 4 July 2007. Wipro (down 1.30% to Rs 508.50), Infosys (down 0.62% to Rs 1935), and TCS (down 0.95% to Rs 1117.10) edged lower from the IT pack.
Nifty closed at 4,359 up just 2 points, while Sensex shut shop at 14,880 up 73 points.
Cement stocks traded up following reports that cement firms have hiked prices by Rs 3-Rs 5 per 50-kilogram bag across India effective today. Cement major ACC surged 7% to Rs 1004.Ambuja Cements (up 4.50% to Rs 130), Grasim (up 1.45% to Rs 2742), UltraTech Cement Company (up 4.72 % to Rs 926), and India Cements (up 3.51% to Rs 215) were the other gainers from the cement sector.
Private sector banking major ICICI Bank rose 2.46% to Rs 989.95 following reports that the department of industrial policy and promotion has approved ICICI Bank's plan to sell a 24% stake in ICICI Financial Services. ICICI Bank had recently said that its plant to sell stake in ICICI Financial Services to foreign investors was unlikely to get go ahead from the Foreign Investment Promotion Board (FIPB).
Index heavyweight Reliance Industries (RIL) advanced from a low of Rs 1,705.IT pivotals slipped as the rupee hovered near one-month high at 40.55/56 against the US currency in late morning deals on Wednesday, 4 July 2007. Wipro (down 1.30% to Rs 508.50), Infosys (down 0.62% to Rs 1935), and TCS (down 0.95% to Rs 1117.10) edged lower from the IT pack.
Labels: Nifty.Sensex
posted by SY at 7:35 PM
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