Markets weak but off days low
The market tumbled in opening trade tracking weak global cues.The markets are still trading weak but off days low. It is steady now after pullling back over 100 points from opening sharp knock on account of weak cues.At 12.35 hrs IST, the Sensex is down 330 points at 14807.93, and the Nifty down 95.20 points at 4307.25.
Real-estate stocks declined on fresh selling today, 6 August 2007.Unitech (down 3.93% to Rs 515.80), DLF (down 3.52% to Rs 581.10), Parsvnath Developers (down 3.27% to Rs 315.25) and Indiabulls Real Estate (down 4.91% to Rs 511.50) were the losers.
India’s largest pharma company by sales Ranbaxy Laboratories rose 1.75% to Rs 372.20.Hindalco Industries, the country’s biggest aluminium producer, slumped 3.55% to Rs 156.65.ICICI Bank (down 3% to Rs 888), Bhel (down 2.70% to Rs 1673.80), and Reliance Communications (down 2.69% to Rs 532.80) were the other losers.
India's largest private sector company Reliance Industries was down 1.68% to Rs 1771 . The stock recovered from its low of Rs 1752.10. As per reports, it plans to invest up to nearly $14 billion (Rs 56000 crore) in oil exploration and production business and laying transportation pipelines in the next two to three years.
State Bank of India, the country’s largest commercial bank, recovered sharply from its low of Rs 1592.60, and was now down 0.26% to Rs 1631.75.
Zuari Industries rose 0.12% to Rs 202, off its high of Rs 209, on entering into joint venture agreement with Israel Chemicals for establishment of water soluble NPK fertiliser plant with an initial capacity of 10,000 tonnes per year. Israel Chemicals (ICL) is a global group engaged in the development, manufacture and marketing of fertilisers, industrial products and metallurgy.
Videsh Sanchar Nigam lost 2.42% to Rs 438 on reports that the firm is planning to invest close $700 million in the submarine cable projects of a South African entity Infraco.
Real-estate stocks declined on fresh selling today, 6 August 2007.Unitech (down 3.93% to Rs 515.80), DLF (down 3.52% to Rs 581.10), Parsvnath Developers (down 3.27% to Rs 315.25) and Indiabulls Real Estate (down 4.91% to Rs 511.50) were the losers.
India’s largest pharma company by sales Ranbaxy Laboratories rose 1.75% to Rs 372.20.Hindalco Industries, the country’s biggest aluminium producer, slumped 3.55% to Rs 156.65.ICICI Bank (down 3% to Rs 888), Bhel (down 2.70% to Rs 1673.80), and Reliance Communications (down 2.69% to Rs 532.80) were the other losers.
India's largest private sector company Reliance Industries was down 1.68% to Rs 1771 . The stock recovered from its low of Rs 1752.10. As per reports, it plans to invest up to nearly $14 billion (Rs 56000 crore) in oil exploration and production business and laying transportation pipelines in the next two to three years.
State Bank of India, the country’s largest commercial bank, recovered sharply from its low of Rs 1592.60, and was now down 0.26% to Rs 1631.75.
Zuari Industries rose 0.12% to Rs 202, off its high of Rs 209, on entering into joint venture agreement with Israel Chemicals for establishment of water soluble NPK fertiliser plant with an initial capacity of 10,000 tonnes per year. Israel Chemicals (ICL) is a global group engaged in the development, manufacture and marketing of fertilisers, industrial products and metallurgy.
Videsh Sanchar Nigam lost 2.42% to Rs 438 on reports that the firm is planning to invest close $700 million in the submarine cable projects of a South African entity Infraco.
Labels: Nifty.Sensex
posted by SY at 12:35 PM
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