Mkts maintain its gains; Ambuja, HDFC top gainers
The market spurted in opening trade following firm Asian markets, boosted by the remarkable comeback staged by the US markets overnight. Cement stocks surged.The market stayed firm after opening with a spurt.Real estate stocks advanced in a firm market on fresh buying. The market held on its gains.
At 11.45 am, the Sensex is up 287.93 points or 2.02% at 14536.59, and the Nifty up 68.65 points or 1.65% at 4221.80.
Real-estate stocks advanced on fresh buying after the recent sharp fall. Ansal API (up 3.94% to Rs 257), Parsvnath Developers (up 4.49% to Rs 288), Unitech (up 3.2% to Rs 472.65), and Sobha Developers (up 3.20% to Rs 758.90) were up.
Housing Finance Development Corporation (HDFC), the country’s top mortgage lender jumped 4.66% to Rs 1990.
Bharti Airtel,gained 1.81% to Rs 863 on reports that it is looking to sell the management control of its passive infrastructure business, Bharti Infratel. As per reports, a clutch of private equity funds and Reliance Communications are in the race. Bharti Infratel is the largest tower infrastructure company in the country with over 40,000 towers.
ITC, the country’s biggest cigarette manufacturer, advanced 2.40% to Rs 162.20 on its plans to set up small-format stores in rural areas, on the lines of its existing hypermarket chain Choupal Sagar, by early next year. It also plans to raise the number of its fruit and vegetable outlets to about 200 in three years. ITC also plans to operate 50 of the Choupal Fresh stores by March 2008 in Hyderabad, Pune and Chandigarh.
India’s leading power equipment maker Bharat Heavy Electricals soared 2.71% to Rs 1712.20 after it bagged contracts worth Rs 6500 crore for setting up power project units, on Wednesday, 22 August 2007. The orders have been placed by Damodar Valley Corporation (DVC).
Reliance Industries (RIL), the country’s top private sector entity by market capitalisation and oil refiner, rose 1.47% to Rs 1794.50. As per reports, RIL will foray into solar power generation through pilot projects that will supply electricity to a few villages in Maharashtra. In the next 8-12 months, pilots will be launched in 38 villages in Maharashtra.
Three block deals of 23.07 lakh shares each were struck on the Bank of Maharashtra counter on BSE at average price of Rs 48.18 per share in opening trade. The stock rose 2.28% to Rs 49.25 on high volume of 69.46 lakh shares.
At 11.45 am, the Sensex is up 287.93 points or 2.02% at 14536.59, and the Nifty up 68.65 points or 1.65% at 4221.80.
Real-estate stocks advanced on fresh buying after the recent sharp fall. Ansal API (up 3.94% to Rs 257), Parsvnath Developers (up 4.49% to Rs 288), Unitech (up 3.2% to Rs 472.65), and Sobha Developers (up 3.20% to Rs 758.90) were up.
Housing Finance Development Corporation (HDFC), the country’s top mortgage lender jumped 4.66% to Rs 1990.
Bharti Airtel,gained 1.81% to Rs 863 on reports that it is looking to sell the management control of its passive infrastructure business, Bharti Infratel. As per reports, a clutch of private equity funds and Reliance Communications are in the race. Bharti Infratel is the largest tower infrastructure company in the country with over 40,000 towers.
ITC, the country’s biggest cigarette manufacturer, advanced 2.40% to Rs 162.20 on its plans to set up small-format stores in rural areas, on the lines of its existing hypermarket chain Choupal Sagar, by early next year. It also plans to raise the number of its fruit and vegetable outlets to about 200 in three years. ITC also plans to operate 50 of the Choupal Fresh stores by March 2008 in Hyderabad, Pune and Chandigarh.
India’s leading power equipment maker Bharat Heavy Electricals soared 2.71% to Rs 1712.20 after it bagged contracts worth Rs 6500 crore for setting up power project units, on Wednesday, 22 August 2007. The orders have been placed by Damodar Valley Corporation (DVC).
Reliance Industries (RIL), the country’s top private sector entity by market capitalisation and oil refiner, rose 1.47% to Rs 1794.50. As per reports, RIL will foray into solar power generation through pilot projects that will supply electricity to a few villages in Maharashtra. In the next 8-12 months, pilots will be launched in 38 villages in Maharashtra.
Three block deals of 23.07 lakh shares each were struck on the Bank of Maharashtra counter on BSE at average price of Rs 48.18 per share in opening trade. The stock rose 2.28% to Rs 49.25 on high volume of 69.46 lakh shares.
Labels: Nifty.Sensex
posted by SY at 12:01 PM
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