Markets trade with hefty gains
The market opened with an upward gap, tracking firm global markets. Banking and metal stocks were in demand. HDFC Bank soared. Market breadth was strong.Asian markets surged after comments on Wednesday, 28 November 2007, from US Federal Reserve officials raised the chances of another US rate cut in December 2007.
At 12.15 hrs IST, the Sensex is up 291.51 points or 1.54% at 19230.38, and the Nifty up 71.95 points or 1.28% at 5689.50.
Reliance Industries was up 1.39% at Rs 2825.ONGC gained 1.26% to Rs 1165. ONGC Videsh (OVL), the overseas arm of state-run Oil and Natural Gas Corp (ONGC), has reportedly bagged two oil and gas exploration blocks in Brazil.
The BSE Bankex was up 2.42% to 10,640.42. HDFC Bank jumped 4.73% to Rs 1682.50, Oriental Bank of Commerce gained 2.48% to Rs 262.10, Andhra Bank rose 1.53% to Rs 99.80, State Bank of India rose 1.37% to Rs 2283, Allahabad Bank rose 1.09% to Rs 111.40 and Bank of India rose 1.07% to Rs 340.95. ICICI Bank gained 2.69% to Rs 1157.10.
Sterlite Industries jumped 3.63% to Rs 922.15, Hindustan Zinc rose 3.10% to Rs 799, National Aluminium Company (Nalco) gained 1.59% to Rs 363.10, Steel Authority of India (Sail) moved up 1.15% to Rs 254.50, Hindalco Industries rose 0.90% to Rs 186 and Tata Steel rose 0.63% to Rs 823.85.
Unitech was up 0.71% to Rs 362.20, Omaxe was up 1.40% to Rs 417, Sobha Developers was up 1.28% to Rs 870.DLF was up 1.19% to Rs 890.05. The company is reportedly in talks with tractor company Escorts to acquire its surplus land assets at Faridabad in Haryana. Escorts has denied the media report.
The BSE IT index was up 1.89% to Rs 4,158.38. i-flex Solutions gained 2.74% to Rs 1541, Wipro gained 2.22% to Rs 459.45, TCS rose 1.77% to Rs 993 and Infosys Technologies rose 1.94% to Rs 1600.
The BSE Auto index was up 1.24% to Rs 5,471.43. Maruti Suzuki gained 2.82% to Rs 994, Tata Motors rose 1.91% to Rs 734.25, Cummins India gained 2.27% to Rs 421.85 and Escorts rose 1.59% to Rs 160.30.
Mahindra & Mahindra rose 2.59% to Rs 728. Mahindra Holidays and Resorts, part of Mahindra & Mahindra Group, is reportedly planning to develop holiday homes on ownership basis. It also plans to float an IPO by March 2008.
At 12.15 hrs IST, the Sensex is up 291.51 points or 1.54% at 19230.38, and the Nifty up 71.95 points or 1.28% at 5689.50.
Reliance Industries was up 1.39% at Rs 2825.ONGC gained 1.26% to Rs 1165. ONGC Videsh (OVL), the overseas arm of state-run Oil and Natural Gas Corp (ONGC), has reportedly bagged two oil and gas exploration blocks in Brazil.
The BSE Bankex was up 2.42% to 10,640.42. HDFC Bank jumped 4.73% to Rs 1682.50, Oriental Bank of Commerce gained 2.48% to Rs 262.10, Andhra Bank rose 1.53% to Rs 99.80, State Bank of India rose 1.37% to Rs 2283, Allahabad Bank rose 1.09% to Rs 111.40 and Bank of India rose 1.07% to Rs 340.95. ICICI Bank gained 2.69% to Rs 1157.10.
Sterlite Industries jumped 3.63% to Rs 922.15, Hindustan Zinc rose 3.10% to Rs 799, National Aluminium Company (Nalco) gained 1.59% to Rs 363.10, Steel Authority of India (Sail) moved up 1.15% to Rs 254.50, Hindalco Industries rose 0.90% to Rs 186 and Tata Steel rose 0.63% to Rs 823.85.
Unitech was up 0.71% to Rs 362.20, Omaxe was up 1.40% to Rs 417, Sobha Developers was up 1.28% to Rs 870.DLF was up 1.19% to Rs 890.05. The company is reportedly in talks with tractor company Escorts to acquire its surplus land assets at Faridabad in Haryana. Escorts has denied the media report.
The BSE IT index was up 1.89% to Rs 4,158.38. i-flex Solutions gained 2.74% to Rs 1541, Wipro gained 2.22% to Rs 459.45, TCS rose 1.77% to Rs 993 and Infosys Technologies rose 1.94% to Rs 1600.
The BSE Auto index was up 1.24% to Rs 5,471.43. Maruti Suzuki gained 2.82% to Rs 994, Tata Motors rose 1.91% to Rs 734.25, Cummins India gained 2.27% to Rs 421.85 and Escorts rose 1.59% to Rs 160.30.
Mahindra & Mahindra rose 2.59% to Rs 728. Mahindra Holidays and Resorts, part of Mahindra & Mahindra Group, is reportedly planning to develop holiday homes on ownership basis. It also plans to float an IPO by March 2008.
Labels: Nifty.Sensex
posted by SY at 12:38 PM
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