Market pares gains in choppy trade
Volatility characterized trading on the bourses in early afternoon trade. The market declined sharply and slipped into the red but later recovered from its lower levels instantly to trade in green. The market had surged in early trade following US Federal Reserve's interest rates cut by a quarter percentage point to 4.5% yesterday, 31 October 2007. Nifty had surpassed 6,000 mark and hit fresh all time high in early trade.
At 13.00 hrs IST, the Sensex is up 3.76 points or 0.02% at 19841.75, and the Nifty up 29.15 points or 0.49% at 5929.80.
Realty stocks declined. Unotech (down 2.23% to Rs 375.10), DLF (down 1.24% to Rs 937) and Indiabulls Real Estate (down 1.37% to Rs 639) edged lower.FMCG stocks also declined. Hindustan Unilever (down 4.26% to Rs 198.75) and ITC (down 3.04% to Rs 173.70) edged lower.
India's biggest cellular services provider in terms of market share, Bharti Airtel declined 4.13% to Rs 965.Infosys (up 1.58% to Rs 1,868.20) and ONGC (up 2.44% to Rs 1,278.40) edged higher.
India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) declined 1.82% to Rs 2,728.20. Reliance Energy declined 1.22% to Rs 1,844.
Capital Goods stocks were the major gainers. India's largest engineering and construction company in terms of revenue Larsen & Toubro surged 4.25% to Rs 4,425. It hit an all-time high of Rs 4,670 today after it got engineering, procurement and construction order for the modernisation of Chatrapati Shivaji International Airport (CSIA). Bharat Heavy Electricals (up 0.56% to Rs 2,628) edged higher. Suzlon Energy (down 0.89% to Rs 1,956.10) edged higher.
Bank stocks rose after Fed rate cut. HDFC Bank rose 2.9% to Rs 1,701. It hit an all-time high of Rs 1,748 today. State Bank of India (up 0.51% to Rs 2,078.80) and ICICI Bank (up 0.08% to Rs 1,258) edged higher.
Maruti Suzuki India declined 1.13% to Rs 1,061.40 after it reported 14.96% rise in sales in the domestic market to 64,258 vehicles in October 2007 over October 2006.
At 13.00 hrs IST, the Sensex is up 3.76 points or 0.02% at 19841.75, and the Nifty up 29.15 points or 0.49% at 5929.80.
Realty stocks declined. Unotech (down 2.23% to Rs 375.10), DLF (down 1.24% to Rs 937) and Indiabulls Real Estate (down 1.37% to Rs 639) edged lower.FMCG stocks also declined. Hindustan Unilever (down 4.26% to Rs 198.75) and ITC (down 3.04% to Rs 173.70) edged lower.
India's biggest cellular services provider in terms of market share, Bharti Airtel declined 4.13% to Rs 965.Infosys (up 1.58% to Rs 1,868.20) and ONGC (up 2.44% to Rs 1,278.40) edged higher.
India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) declined 1.82% to Rs 2,728.20. Reliance Energy declined 1.22% to Rs 1,844.
Capital Goods stocks were the major gainers. India's largest engineering and construction company in terms of revenue Larsen & Toubro surged 4.25% to Rs 4,425. It hit an all-time high of Rs 4,670 today after it got engineering, procurement and construction order for the modernisation of Chatrapati Shivaji International Airport (CSIA). Bharat Heavy Electricals (up 0.56% to Rs 2,628) edged higher. Suzlon Energy (down 0.89% to Rs 1,956.10) edged higher.
Bank stocks rose after Fed rate cut. HDFC Bank rose 2.9% to Rs 1,701. It hit an all-time high of Rs 1,748 today. State Bank of India (up 0.51% to Rs 2,078.80) and ICICI Bank (up 0.08% to Rs 1,258) edged higher.
Maruti Suzuki India declined 1.13% to Rs 1,061.40 after it reported 14.96% rise in sales in the domestic market to 64,258 vehicles in October 2007 over October 2006.
Labels: Nifty.Sensex
posted by SY at 1:40 PM
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