Markets trading in green
The market opened lower on the back of mixed global cues and due to absence of domestic triggers to take the market higher. Reliance Industries and ICICI Bank edged lower. Power stocks were in demand. Asian stocks were trading mixed.The markets have moved into green andare trading near the high point of the day as some buying is seen at the lower levels. Bargain buying is seen in banking, power, capital good stocks. Sensex has inched above the 19,000 levels and the Nifty is hovering around the 5,700 levels.
At 1:10 pm, the Sensex was up 291.65 points or 1.56% at 19028.92, and the Nifty up 85.60 points or 1.52% at 5702.70.
Reliance Industries, India's biggest private sector firm in terms of market capitalisation and oil refiner, was up 0.94% to Rs 2702, off session's low of Rs 2651.55. Its wholly owned subsidiary, Reliance Exploration and Production DMCC signed a production sharing agreement with the government of Oman for offshore block number 41 in Oman.
India’s largest engineering & construction company in terms of revenue, Larsen & Toubro gained 2.94% to Rs 4290.
HDFC Bank moved up 7.44% to Rs 1585, and State Bank of India moved up 3.04% to Rs 2305.15. India’s largest private sector lender by assets ICICI Bank rose 2.23% to Rs 1172.20, off sessions low of Rs 1112.
Housing Development Finance Corporation (HDFC), India's largest dedicated housing finance firm in terms of revenue, jumped 3.48% to Rs 2600
Telecom stocks were in demand as the telecom ministry has decided to go in for open auction for 3G services and wireless broadband services through technologies like Wi-Max. Bharti Airtel moved up 1.64% to Rs 847 and Reliance Communications moved up 1.74% to Rs 706.90. The auction will give a chance to foreign players to bid for the spectrum space.
Auto stocks firmed up.Tata Motors moved up 2.04% to Rs 698, Maruti Suzuki India gained 1.89% to Rs 1012 and Bajaj Auto moved up 0.75% to Rs 2345.
At 1:10 pm, the Sensex was up 291.65 points or 1.56% at 19028.92, and the Nifty up 85.60 points or 1.52% at 5702.70.
Reliance Industries, India's biggest private sector firm in terms of market capitalisation and oil refiner, was up 0.94% to Rs 2702, off session's low of Rs 2651.55. Its wholly owned subsidiary, Reliance Exploration and Production DMCC signed a production sharing agreement with the government of Oman for offshore block number 41 in Oman.
India’s largest engineering & construction company in terms of revenue, Larsen & Toubro gained 2.94% to Rs 4290.
HDFC Bank moved up 7.44% to Rs 1585, and State Bank of India moved up 3.04% to Rs 2305.15. India’s largest private sector lender by assets ICICI Bank rose 2.23% to Rs 1172.20, off sessions low of Rs 1112.
Housing Development Finance Corporation (HDFC), India's largest dedicated housing finance firm in terms of revenue, jumped 3.48% to Rs 2600
Telecom stocks were in demand as the telecom ministry has decided to go in for open auction for 3G services and wireless broadband services through technologies like Wi-Max. Bharti Airtel moved up 1.64% to Rs 847 and Reliance Communications moved up 1.74% to Rs 706.90. The auction will give a chance to foreign players to bid for the spectrum space.
Auto stocks firmed up.Tata Motors moved up 2.04% to Rs 698, Maruti Suzuki India gained 1.89% to Rs 1012 and Bajaj Auto moved up 0.75% to Rs 2345.
Labels: Nifty.Sensex
posted by SY at 1:54 PM
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