Markets off days high
The market opened on a firm note amid mixed global cues. Volatility persisted ahead of derivatives expiry on Thursday, 29 November 2007. Banking, consumer durables and power stocks were in demand. The market breadth was strong.But at present the markets are off day's high due to lack of momentum. Nifty is trading absolutely flat and Sensex is marginally in the green. The weakness in markets is inline with Asian indices trading flat or in negative despite some positive cues from Dow yesterday.
At 12.27 hrs IST, the Sensex is up 89.55 points or 0.47% at 19217.28, and the Nifty down 1.10 points or 0.02% at 5697.05.
India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries was down almost flat at Rs 2840, off session's low of Rs 2834.
The BSE Bankex was up 1.23% to 10,624.37. Indian Overseas Bank was up 4.16% to Rs 152.70, Kotak Mahindra Bank moved up 3.35% to Rs 1160, Andhra Bank rose 2.96% to Rs 102.50 and HDFC Bank rose 1.79% to Rs 1661.75.
India’s largest private sector bank by assets ICICI Bank gained 1.91% to Rs 1154. The bank has reportedly carried out the largest rated securitisation transaction for Rs 1,929.9 crore — a process that involves converting the bank’s car loans into tradeable securities.
Videocon Industries soared 5.94% to Rs 412, Rajesh Exports gained 0.96% to Rs 849 and Titan Industries moved up 0.69% to Rs 1542.20.Areva T&D gained 3.64% to Rs 2735, Torrent Power gained 2.79% to Rs 178.95, NTPC rose 1.47% to Rs 238.40 and Reliance Energy rose 1.06% to Rs 1774.10.
India’s second largest software exporter Infosys Technologies was up 0.59% to Rs 1585.15.
GAIL India, which distributes natural gas and processes petrochemicals, rose 3.64% to Rs 443.20. As per reports, the company has won the rights to market the gas jointly produced by Reliance Industries, British Gas and ONGC from the Panna-Mukta-Tapti fields, which will boost revenues of the company by over Rs 5,000 crore.
Realty major DLF was down 0.33% to Rs 895 after the company said on Tuesday, 27 November 2007, it had partnered the founder of Aman Resorts for a stake in the luxury hotel chain
Diversified construction firm Jaiprakash Associates soared 7.25% to Rs 1838.50. The company is believed to be in talks with the Aditya Birla group to acquire Bina Power (BPC) in Madhya Pradesh.
Engineering firm Punj Lloyd rose 1.59% to Rs 472. The company and New York-based private investment firm Global Technology Investment have reportedly bought 33% stake each in Airworks India. Airworks is one of the oldest family-owned aircraft maintenance firms in India. The two investors are putting in close to Rs 100 crore to rejig the Mumbai-based company.
At 12.27 hrs IST, the Sensex is up 89.55 points or 0.47% at 19217.28, and the Nifty down 1.10 points or 0.02% at 5697.05.
India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries was down almost flat at Rs 2840, off session's low of Rs 2834.
The BSE Bankex was up 1.23% to 10,624.37. Indian Overseas Bank was up 4.16% to Rs 152.70, Kotak Mahindra Bank moved up 3.35% to Rs 1160, Andhra Bank rose 2.96% to Rs 102.50 and HDFC Bank rose 1.79% to Rs 1661.75.
India’s largest private sector bank by assets ICICI Bank gained 1.91% to Rs 1154. The bank has reportedly carried out the largest rated securitisation transaction for Rs 1,929.9 crore — a process that involves converting the bank’s car loans into tradeable securities.
Videocon Industries soared 5.94% to Rs 412, Rajesh Exports gained 0.96% to Rs 849 and Titan Industries moved up 0.69% to Rs 1542.20.Areva T&D gained 3.64% to Rs 2735, Torrent Power gained 2.79% to Rs 178.95, NTPC rose 1.47% to Rs 238.40 and Reliance Energy rose 1.06% to Rs 1774.10.
India’s second largest software exporter Infosys Technologies was up 0.59% to Rs 1585.15.
GAIL India, which distributes natural gas and processes petrochemicals, rose 3.64% to Rs 443.20. As per reports, the company has won the rights to market the gas jointly produced by Reliance Industries, British Gas and ONGC from the Panna-Mukta-Tapti fields, which will boost revenues of the company by over Rs 5,000 crore.
Realty major DLF was down 0.33% to Rs 895 after the company said on Tuesday, 27 November 2007, it had partnered the founder of Aman Resorts for a stake in the luxury hotel chain
Diversified construction firm Jaiprakash Associates soared 7.25% to Rs 1838.50. The company is believed to be in talks with the Aditya Birla group to acquire Bina Power (BPC) in Madhya Pradesh.
Engineering firm Punj Lloyd rose 1.59% to Rs 472. The company and New York-based private investment firm Global Technology Investment have reportedly bought 33% stake each in Airworks India. Airworks is one of the oldest family-owned aircraft maintenance firms in India. The two investors are putting in close to Rs 100 crore to rejig the Mumbai-based company.
Labels: Nifty.Sensex
posted by SY at 12:51 PM
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