Markets settle with modest gains amid volatility
The markets ended marginally in green off day's high ahead of the Fed meet announcement. Selective buying was seen in power, bank, real estate stocks. Action was seen in the midcap space as the index is up nearly 1% and the smallcap index is giving it good company up 1.5%.Market is eyeing Fed's crucial decision on rate cut, anayst are expecting a 25 bps rate cut.
Sensex was up 54.48 points or 0.28% at 19837.99, and the Nifty up 31.90 points or 0.54% at 5900.65.
Reliance Communications (RCom) rose 0.44% to Rs 770.50. RCom's net profit rose 73.53% to Rs 801.24 crore on 17.27% rise in total income to Rs 3,329.21 crore in Q2 September 2007 over Q2 September 2006. The company announced the results during the market hours today.
Shares of India's largest aluminium producer Hindalco Industries surged 1.45% to Rs 196 after it reported 7.56% rise in net profit to Rs 642.80 crore on 6.83% growth in total income to Rs 5069.50 crore in Q2 September 2007 over Q2 September 2006. The company announced the results during the market hours today.
Hindustan Unilever (HUL) declined 5.23% to Rs 207.55 and was the top loser from Sensex pack. The company's net profit declined 21.63% to Rs 408.06 crore on 9.72% rise in total income to Rs 3,470.49 crore in Q3 September 2007 over Q3 September 2006. The company said the results are not comparable to the extent of amalgamation of Modern Foods (India) and its subsidiary with the company. HUL announced the results during the market hours today.
Tata Motors rose 2.82% to Rs 790. Tata Motor's net profit rose 19.27% to Rs 526.84 crore on 1.09% rise in total income to Rs 6,743.31 crore in Q2 September 2007 over Q2 September 2006. The company announced the results during the market hours today.
Capital goods stocks declined after yesterday’s surge on profit booking. Bharat Heavy Electricals (down 1.3% to Rs 2,620), Larsen & Toubro (down 1.97% to Rs 4,240.20) and Suzlon Energy (down 0.38% to Rs 1,973) edged lower.
IT stocks declined as the Indian rupee inched towards a 9-½ year high on expectations foreigners will keep buying local shares and in anticipation of a US rate cut later in the day. Infosys (down 0.82% to Rs 1,836.10), Satyam Computer services (down 0.49% to Rs 477.10) and Wipro (down 0.98% to Rs 504.70) edged lower.
India's largest software services exporter Tata Consultancy Services (TCS) slipped 1% to Rs 1,037.Metal stocks climbed. Tata Steel (up 0.66% to Rs 904.50),Sterlite industries (up 0.44% to Rs 1,023) and Hindalco Industries (up 1.45% to Rs 196) edged higher.
India's second largest power utility by revenue Reliance Energy jumped 4.46% to Rs 1,869 and was the top gainer from Sensex pack. India's largest drug maker by sales Ranbaxy laboratories (up 3.01% to Rs 427.35) edged higher.India’s biggest oil exploration firm by market capitalisation Oil and Natural Gas Corporation rose 2.21% to Rs 1,246.45.
India’s top listed cellular services provider by market capitalisation Bharti Airtel moved up 1.33% to Rs 1,013 after it reported a surge in net profit in Q2 September 2007 over Q2 September 2006. Bharti Aritel reported 82% rise in net profit to Rs 1619.15 crore on 44.94% rise in sales to Rs 6059.89 crore in Q2 September 2007 over Q2 September 2006. The results were announced during market hours today, 31 October 2007.
India’s largest private sector entity in terms of market capitalisation and oil refiner Reliance Industries was up 0.45% to Rs 2782.90.HDFC Bank (up 2.39% to Rs 1,657) and NTPC (up 2.27% to Rs 239.25) edged higher.Cipla declined 1.27% to Rs 178.80.
Sensex was up 54.48 points or 0.28% at 19837.99, and the Nifty up 31.90 points or 0.54% at 5900.65.
Reliance Communications (RCom) rose 0.44% to Rs 770.50. RCom's net profit rose 73.53% to Rs 801.24 crore on 17.27% rise in total income to Rs 3,329.21 crore in Q2 September 2007 over Q2 September 2006. The company announced the results during the market hours today.
Shares of India's largest aluminium producer Hindalco Industries surged 1.45% to Rs 196 after it reported 7.56% rise in net profit to Rs 642.80 crore on 6.83% growth in total income to Rs 5069.50 crore in Q2 September 2007 over Q2 September 2006. The company announced the results during the market hours today.
Hindustan Unilever (HUL) declined 5.23% to Rs 207.55 and was the top loser from Sensex pack. The company's net profit declined 21.63% to Rs 408.06 crore on 9.72% rise in total income to Rs 3,470.49 crore in Q3 September 2007 over Q3 September 2006. The company said the results are not comparable to the extent of amalgamation of Modern Foods (India) and its subsidiary with the company. HUL announced the results during the market hours today.
Tata Motors rose 2.82% to Rs 790. Tata Motor's net profit rose 19.27% to Rs 526.84 crore on 1.09% rise in total income to Rs 6,743.31 crore in Q2 September 2007 over Q2 September 2006. The company announced the results during the market hours today.
Capital goods stocks declined after yesterday’s surge on profit booking. Bharat Heavy Electricals (down 1.3% to Rs 2,620), Larsen & Toubro (down 1.97% to Rs 4,240.20) and Suzlon Energy (down 0.38% to Rs 1,973) edged lower.
IT stocks declined as the Indian rupee inched towards a 9-½ year high on expectations foreigners will keep buying local shares and in anticipation of a US rate cut later in the day. Infosys (down 0.82% to Rs 1,836.10), Satyam Computer services (down 0.49% to Rs 477.10) and Wipro (down 0.98% to Rs 504.70) edged lower.
India's largest software services exporter Tata Consultancy Services (TCS) slipped 1% to Rs 1,037.Metal stocks climbed. Tata Steel (up 0.66% to Rs 904.50),Sterlite industries (up 0.44% to Rs 1,023) and Hindalco Industries (up 1.45% to Rs 196) edged higher.
India's second largest power utility by revenue Reliance Energy jumped 4.46% to Rs 1,869 and was the top gainer from Sensex pack. India's largest drug maker by sales Ranbaxy laboratories (up 3.01% to Rs 427.35) edged higher.India’s biggest oil exploration firm by market capitalisation Oil and Natural Gas Corporation rose 2.21% to Rs 1,246.45.
India’s top listed cellular services provider by market capitalisation Bharti Airtel moved up 1.33% to Rs 1,013 after it reported a surge in net profit in Q2 September 2007 over Q2 September 2006. Bharti Aritel reported 82% rise in net profit to Rs 1619.15 crore on 44.94% rise in sales to Rs 6059.89 crore in Q2 September 2007 over Q2 September 2006. The results were announced during market hours today, 31 October 2007.
India’s largest private sector entity in terms of market capitalisation and oil refiner Reliance Industries was up 0.45% to Rs 2782.90.HDFC Bank (up 2.39% to Rs 1,657) and NTPC (up 2.27% to Rs 239.25) edged higher.Cipla declined 1.27% to Rs 178.80.
Labels: Nifty.Sensex
posted by SY at 4:55 PM
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