Sensex hits all time high
The bulls have got more heady and have surged to make new records. Sebi's decision on P Notes seems to have gone well with the markets. Cues from Asia were encouraging with most of the Asia is in green. Strength is coming in from all quarters and the breadth is looking very smart.
Sensex is up nearly 500 points and has hit a new high crossing the previous high of 19,999. Metals, L&T, SBI have pushed the markets to new highs. Sensex is up 450 points and Nifty is up 130 points. Apart from the Sensex even the midcap and smallcap indices have hit anew high.
At 1.05 hrs IST, the Sensex is up 501.98 points or 2.67% at 19272.87, and the Nifty up 132.90 points or 2.39% at 5701.85.
India’s largest engineering and construction company Larsen & Toubro (L&T) galloped 11.20% to Rs 3840 on 8.31 lakh shares. It hit an all time high of Rs 3880 today. It was the top gainer from Sensex pack. L&T posted 72.95% rise in net profit to Rs 348.02 crore on 43.54% rise in total income to Rs 5,523.27 crore in Q2 September 2007 over Q2 September 2006.
India’s largest bank in terms of net profit State Bank of India vaulted 5.99% to Rs 2059.70. It hit an all time high of Rs 2082.90. After market hours on 23 October 2007, SBI Life Insurance Company posted net profit of Rs 14.09 crore for the first half year ended 30 September 2007 on the back of 80% increase in its total premium collection. A 74:26 joint venture between the State Bank of India and Cardif, a BNP Paribas company, it manages assets over Rs 6000 crore.
Bharat Heavy Electricals (Bhel), the nations largest power equipment maker in terms of sales soared 4.40% to Rs 2390 in anticipation of robust set of results from the company. It will announce its Q2 September 2007 results on 29 October 2007.
Shares from auto pack were in demand. Mahindra & Mahindra (up 3.26% to Rs 797.70), Bajaj Auto (up 0.29% to Rs 2503), Tata Motors (up 2.11% to Rs 810) and Maruti Suzuki India (up 2.15% to Rs 1184), edged higher.
Satyam Computers (up 3% to Rs 473.80), and ACC (up 2.86% to Rs 1091.50), were the other gainers from Sensex pack.
India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) rebounded sharply from day’s low of Rs 2610 to hit a high of Rs 2701. It was now up 1.75% at Rs 2674 on 8.48 lakh shares.
India’s largest FMCG company by sales, Hindustan Unilever extended early fall and was now down 1.36% to Rs 217.50 on 1.30 lakh shares. It was the top loser from Sensex pack
India’s largest cigarette maker in terms of sales ITC slipped from day’s high of Rs 190.75. It was now down 0.46% to Rs 182. It posted 13.42% rise in net profit to Rs 770.87 crore on 18.2% rise in total income to Rs 3,481.63 crore in Q2 September 2007 over Q2 September 2006. The results were announced during the market hours today, 26 October 2007.
Dr. Reddy's (down 0.91% to Rs 609), Wipro (down 0.67% to Rs 493), and Cipla (down 0.56% to Rs 185.70), were the other losers from Sensex pack
Idea Cellular slumped 6.71% to Rs 141.80 after it reported an average revenue per user (ARPU) of Rs 288 per month in Q2 September 2007, which was lower by Rs 32 from Rs 320 in Q1 June 2007. The decline in ARPU was due to lower minutes of use (MOU) and lower revenue per minute (RPM).
Sensex is up nearly 500 points and has hit a new high crossing the previous high of 19,999. Metals, L&T, SBI have pushed the markets to new highs. Sensex is up 450 points and Nifty is up 130 points. Apart from the Sensex even the midcap and smallcap indices have hit anew high.
At 1.05 hrs IST, the Sensex is up 501.98 points or 2.67% at 19272.87, and the Nifty up 132.90 points or 2.39% at 5701.85.
India’s largest engineering and construction company Larsen & Toubro (L&T) galloped 11.20% to Rs 3840 on 8.31 lakh shares. It hit an all time high of Rs 3880 today. It was the top gainer from Sensex pack. L&T posted 72.95% rise in net profit to Rs 348.02 crore on 43.54% rise in total income to Rs 5,523.27 crore in Q2 September 2007 over Q2 September 2006.
India’s largest bank in terms of net profit State Bank of India vaulted 5.99% to Rs 2059.70. It hit an all time high of Rs 2082.90. After market hours on 23 October 2007, SBI Life Insurance Company posted net profit of Rs 14.09 crore for the first half year ended 30 September 2007 on the back of 80% increase in its total premium collection. A 74:26 joint venture between the State Bank of India and Cardif, a BNP Paribas company, it manages assets over Rs 6000 crore.
Bharat Heavy Electricals (Bhel), the nations largest power equipment maker in terms of sales soared 4.40% to Rs 2390 in anticipation of robust set of results from the company. It will announce its Q2 September 2007 results on 29 October 2007.
Shares from auto pack were in demand. Mahindra & Mahindra (up 3.26% to Rs 797.70), Bajaj Auto (up 0.29% to Rs 2503), Tata Motors (up 2.11% to Rs 810) and Maruti Suzuki India (up 2.15% to Rs 1184), edged higher.
Satyam Computers (up 3% to Rs 473.80), and ACC (up 2.86% to Rs 1091.50), were the other gainers from Sensex pack.
India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) rebounded sharply from day’s low of Rs 2610 to hit a high of Rs 2701. It was now up 1.75% at Rs 2674 on 8.48 lakh shares.
India’s largest FMCG company by sales, Hindustan Unilever extended early fall and was now down 1.36% to Rs 217.50 on 1.30 lakh shares. It was the top loser from Sensex pack
India’s largest cigarette maker in terms of sales ITC slipped from day’s high of Rs 190.75. It was now down 0.46% to Rs 182. It posted 13.42% rise in net profit to Rs 770.87 crore on 18.2% rise in total income to Rs 3,481.63 crore in Q2 September 2007 over Q2 September 2006. The results were announced during the market hours today, 26 October 2007.
Dr. Reddy's (down 0.91% to Rs 609), Wipro (down 0.67% to Rs 493), and Cipla (down 0.56% to Rs 185.70), were the other losers from Sensex pack
Idea Cellular slumped 6.71% to Rs 141.80 after it reported an average revenue per user (ARPU) of Rs 288 per month in Q2 September 2007, which was lower by Rs 32 from Rs 320 in Q1 June 2007. The decline in ARPU was due to lower minutes of use (MOU) and lower revenue per minute (RPM).
Labels: Nifty.Sensex
posted by SY at 2:15 PM
0 Comments:
Post a Comment
<< Home