Sensex closes at a new high level
The markets opened with bang but profit booking set in at the higher level and the Nifty closed flat and Sensex ended with marginal gains. But it was an all time high close for Sensex. The cues from Asia were not positive and even Europe opened in red. Selling pressure was seen in bank, FMCG, IT, oil & gas and cement stocks.
The BSE 30-share Sensex ended up 24.56 points to 14,675.07,while Nifty closed 4.55 points down at 4314.75.
Top gainers on the Sensex were Maruti Udyog up 4.8%at 773.05, L&T up 2.91% at 2247 and Reliance Comm up 2.88% at 530.
Car major Maruti Udyog surged 4.29% to Rs 774.40.Tata Motors advanced 2.20% to Rs 684.50 while Hero Honda Motors gained 0.05% to Rs 689.20.Pharma shares advanced on renewed buying. Ranbaxy Laboratories (up 3.10% to Rs 365.95), Cipla (up 0.74% to Rs 210) and Dr Reddy’s (up 0.74% to Rs 660.80), edged higher.Ambuja Cements shed 1.97% to Rs 122.10, on 5.54 lakh shares. It was the top loser from the Sensex pack. Grasim slipped 0.57% to Rs 2,622.90.Index heavyweight Reliance Industries slipped 0.83% to Rs 1,686.20, on 6.07 lakh shares. It had hit a high of Rs 1709.80.
IT stocks saw some unwinding as the Indian rupee opened at its highest level in over three weeks on Monday, 2 July 2007, as traders built positions in the local unit on positive cues from high-yielding Asian currencies, and expectations of foreign investment flows. At 9:55 IST, the rupee was at 40.645/655 per dollar, slightly off its opening of 40.60, its strongest start since 6 June 2007. Wipro (down 1.25% to Rs 512), Satyam Computers (down 0.21% to Rs 466), and TCS (down 1.07% to Rs 1136.90), also edged lower.
However Infosys Technologies was up 0.57% to Rs 1940.10, buoyed by rumors that the Indian IT major is mulling a bid to buy Europe’s largest IT services giant, Capgemini. Both Infosys Technologies and Capgemini have denied the takeover rumours.
The BSE 30-share Sensex ended up 24.56 points to 14,675.07,while Nifty closed 4.55 points down at 4314.75.
Top gainers on the Sensex were Maruti Udyog up 4.8%at 773.05, L&T up 2.91% at 2247 and Reliance Comm up 2.88% at 530.
Car major Maruti Udyog surged 4.29% to Rs 774.40.Tata Motors advanced 2.20% to Rs 684.50 while Hero Honda Motors gained 0.05% to Rs 689.20.Pharma shares advanced on renewed buying. Ranbaxy Laboratories (up 3.10% to Rs 365.95), Cipla (up 0.74% to Rs 210) and Dr Reddy’s (up 0.74% to Rs 660.80), edged higher.Ambuja Cements shed 1.97% to Rs 122.10, on 5.54 lakh shares. It was the top loser from the Sensex pack. Grasim slipped 0.57% to Rs 2,622.90.Index heavyweight Reliance Industries slipped 0.83% to Rs 1,686.20, on 6.07 lakh shares. It had hit a high of Rs 1709.80.
IT stocks saw some unwinding as the Indian rupee opened at its highest level in over three weeks on Monday, 2 July 2007, as traders built positions in the local unit on positive cues from high-yielding Asian currencies, and expectations of foreign investment flows. At 9:55 IST, the rupee was at 40.645/655 per dollar, slightly off its opening of 40.60, its strongest start since 6 June 2007. Wipro (down 1.25% to Rs 512), Satyam Computers (down 0.21% to Rs 466), and TCS (down 1.07% to Rs 1136.90), also edged lower.
However Infosys Technologies was up 0.57% to Rs 1940.10, buoyed by rumors that the Indian IT major is mulling a bid to buy Europe’s largest IT services giant, Capgemini. Both Infosys Technologies and Capgemini have denied the takeover rumours.
Labels: Nifty.Sensex
posted by SY at 4:00 PM
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