Markets trading steady with significant gains
The market spurted in opening trade, boosted by firm Asian and the US markets.The markets are trading steady with significant gains. Realty, capital good, oil & gas stocks are still attracting attention. Oil & gas stocks are up mainly because of fall in crude prices.At 11.47 hrs IST, the Sensex is up 162.35 points or 1.09% at 15065.38, and the Nifty up 51.25 points or 1.18% at 4390.75.
Cement stocks ACC (up 2% to Rs 999), Ambuja Cements (up 2% to Rs 128.85), and Grasim (up 0.90% to Rs 2923) advanced on fresh buying.Reliance Energy, the country’s second largest power generation and distribution company in revenue, advanced 2.35% to Rs 759.95.
Wipro, the country’s third largest software exporter, gained 2% to Rs 466.95, after it announced after market hours on Monday, 6 August 2007, the acquisition of US-based, Nasdaq-listed outsourcing firm Infocrossing for approximately $600 million (around Rs 2430 crore) in an all-cash deal.
India’s largest private sector entity Reliance Industries gained 1.10% to Rs 1801.70.ICICI Bank, the country’s largest private sector bank, lost 0.80% to Rs 880.50 on 1.58 lakh shares.It was the top loser.
Provider of software solutions to airline and travel firms Kale Consultants rose 2% to Rs 93.50 on reports that it had acquired UK-based Zero Octa, a specialist provider of revenue management, integrity and audit software for airlines. The target company, with 2006 revenue of $6 million, employs about 600 people and has a large part of its operations located in India.
Cement stocks ACC (up 2% to Rs 999), Ambuja Cements (up 2% to Rs 128.85), and Grasim (up 0.90% to Rs 2923) advanced on fresh buying.Reliance Energy, the country’s second largest power generation and distribution company in revenue, advanced 2.35% to Rs 759.95.
Wipro, the country’s third largest software exporter, gained 2% to Rs 466.95, after it announced after market hours on Monday, 6 August 2007, the acquisition of US-based, Nasdaq-listed outsourcing firm Infocrossing for approximately $600 million (around Rs 2430 crore) in an all-cash deal.
India’s largest private sector entity Reliance Industries gained 1.10% to Rs 1801.70.ICICI Bank, the country’s largest private sector bank, lost 0.80% to Rs 880.50 on 1.58 lakh shares.It was the top loser.
Provider of software solutions to airline and travel firms Kale Consultants rose 2% to Rs 93.50 on reports that it had acquired UK-based Zero Octa, a specialist provider of revenue management, integrity and audit software for airlines. The target company, with 2006 revenue of $6 million, employs about 600 people and has a large part of its operations located in India.
Labels: Nifty.Sensex
posted by SY at 12:07 PM
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