Markets surge: Nifty hits 5,900, Sensex eyeing 20K
It is yet another day of strength for the markets as they have scaled new peaks. Sensex is eyeing the 20,000 mark and Nifty has hit 5,900 levels scoring over a double century. Strength is seen coming from all quarters. Cues from Asia and rest of the equity markets were robust which has helped in such a rally.
At 12.05 hrs IST, the Sensex is up 734 points at 19977, and the Nifty up 209 points or 3.57% at 5911.
Reliance Industries (RIL) rose 2.67% to Rs 2,766. RIL is reportedly in talks to acquire some manufacturing facilities from Arvind Mills, mainly in the denim segment. The proposed acquisition is part of RIL’s increased focus on the apparel business.
Reliance Energy rose 4.9% to Rs 1,751.80.
Capital goods stocks rose sharply. Bharat Heavy Electricals rose 7.33% to Rs 2,610.10. It hit an all-time high of Rs 2,619.90 ahead of its results today. Larsen & Toubro rose 5.86% to Rs 4,104. It hit an all-time high of Rs 4,149.90 today. Suzlon Energy (up 3.34% to Rs 2,013) edged higher.
Metal stocks also surged. Steel Authority of India (up 3.23% to Rs 271.35), Hindalco Industries (up 2.32% to Rs 198.15) and Sterlite Industries (up 3.6% to Rs 990) edged higher. Tata Steel declined 6.96% to Rs 921.70 and was the lone loser from Sensex pack. The stock today turned ex-rights.
HDFC Bank rose 5.59% to Rs 1,632.50. It hit an all time high of Rs 1,660 today. ICICI Bank rose 5.11% to Rs 1,245. It hit an all time high of Rs 1,265 today.
National Thermal Power Corporation rose 4.26% to Rs 238.50. It hit an all-time high of Rs 240. Net profit of NTPC rose 30.64% to Rs 1925.50 crore on 17.66% rise in sales to Rs 8016.90 crore in Q2 September 2007 over Q2 September 2006.
State Bank of India rose 1.99% to Rs 2,126.90. It hit an all time high of Rs 2,173 today. State Bank of India's net profit rose 36.04% to Rs 1611.42 crore on 33.42% rise in total income to Rs 13658.22 crore in Q2 September 2007 over Q2 September 2006. The results were announced on Saturday, 27 October 2007.
Grasim Industries rose 3.16% to Rs 3,892. It hit an all time high of Rs 4,074. The Aditya Birla Group company on Saturday, 27 October 2007 said it registered a 47.90% jump in net profit to Rs 499.78 crore on 25.30% rise in net sales to Rs 2519.23 crore in Q2 September 2007 over Q2 September 2007.
At 12.05 hrs IST, the Sensex is up 734 points at 19977, and the Nifty up 209 points or 3.57% at 5911.
Reliance Industries (RIL) rose 2.67% to Rs 2,766. RIL is reportedly in talks to acquire some manufacturing facilities from Arvind Mills, mainly in the denim segment. The proposed acquisition is part of RIL’s increased focus on the apparel business.
Reliance Energy rose 4.9% to Rs 1,751.80.
Capital goods stocks rose sharply. Bharat Heavy Electricals rose 7.33% to Rs 2,610.10. It hit an all-time high of Rs 2,619.90 ahead of its results today. Larsen & Toubro rose 5.86% to Rs 4,104. It hit an all-time high of Rs 4,149.90 today. Suzlon Energy (up 3.34% to Rs 2,013) edged higher.
Metal stocks also surged. Steel Authority of India (up 3.23% to Rs 271.35), Hindalco Industries (up 2.32% to Rs 198.15) and Sterlite Industries (up 3.6% to Rs 990) edged higher. Tata Steel declined 6.96% to Rs 921.70 and was the lone loser from Sensex pack. The stock today turned ex-rights.
HDFC Bank rose 5.59% to Rs 1,632.50. It hit an all time high of Rs 1,660 today. ICICI Bank rose 5.11% to Rs 1,245. It hit an all time high of Rs 1,265 today.
National Thermal Power Corporation rose 4.26% to Rs 238.50. It hit an all-time high of Rs 240. Net profit of NTPC rose 30.64% to Rs 1925.50 crore on 17.66% rise in sales to Rs 8016.90 crore in Q2 September 2007 over Q2 September 2006.
State Bank of India rose 1.99% to Rs 2,126.90. It hit an all time high of Rs 2,173 today. State Bank of India's net profit rose 36.04% to Rs 1611.42 crore on 33.42% rise in total income to Rs 13658.22 crore in Q2 September 2007 over Q2 September 2006. The results were announced on Saturday, 27 October 2007.
Grasim Industries rose 3.16% to Rs 3,892. It hit an all time high of Rs 4,074. The Aditya Birla Group company on Saturday, 27 October 2007 said it registered a 47.90% jump in net profit to Rs 499.78 crore on 25.30% rise in net sales to Rs 2519.23 crore in Q2 September 2007 over Q2 September 2007.
Labels: Nifty.Sensex
posted by SY at 12:46 PM
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