Markets end in green in choppy trade
The market staged a strong comeback in late trade. It had weakened in mid-afternoon trade in what was a choppy trading session.
The 30-share BSE Sensex rose 12.32 points or 0.06% to 19,091.96.The broader CNX S&P Nifty gained 8.85 points or 0.15% to 5,751.15.
Reliance Industries declined 0.8% to Rs 2,707. The stock came off session's high of Rs 2,780.
Reliance Energy (REL) rose 5.52% to Rs 1,907.80. The company is reportedly planning to foray into Africa. It is believed to be in talks with the governments of Botswana, Tanzania and Zambia for setting up generation capacities of over 1,000 megawatt (MW). The company’s African Safari will be followed by a bid for a 1,200 MW greenfield project at Yanbu in Saudi Arabia, the reports added.
Metal stocks were mixed. Tata Steel (up 0.96% to Rs 824.20), National Aluminium company (up 3.22% to Rs 428.50) edged higher. Steel Authority of India (down 0.56% to Rs 258.30) and Hindalco Industries (down 0.68% to Rs 198.35) edged lower.
Consumer Durable stocks rose. Titan Industries (up 2.56% to Rs 1,497.05), Videocon Industries (up 4.29% to Rs 646), edged higher.
Gitanjali Gems rose 3.13% to Rs 418.50. The company announced during the market hours today that Gitanjali Lifestyle (GLL), a wholly subsidiary of the company is signing a memorandum of understanding (MoU) with Mariella Burani Fashion Group (MBFG) of Italy to form a joint venture in India by way of incorporation of a new company. The objective of the proposed joint venture is to significantly drive growth of MBFG's brands in emerging markets.
Auto stocks declined. Tata motors (down 1.59% to Rs 691.10), Bajaj Auto (down 0.68% to Rs 2,776.80) and Maruti Suzuki India (down 2.39% to Rs 995.30) edged lower.
Mahindra & Mahindra (up 0.86% to Rs 777.30), Hero Honda Motors (up 0.29% to Rs 704) edged higher.
ONGC (up 2.65% to Rs 1,180.50), ICICI Bank (up 1.79% to Rs 1,161.05) and Infosys (up 1.09% to Rs 1,638.10) edged higher.
HDFC (down 1.75% to Rs 2,763), Grasim Industries (down 1.68% to Rs 3,575.20), State Bank of India (down 1.97 % to Rs 2,258.30) and ACC (down 3.4% to 1,030.65) edged lower.
Larsen & Toubro rose 0.77% to Rs 3,998.25 after the company said it had received a contract worth Rs 287 crore to build an elevated road to Mumbai International Airport.
The 30-share BSE Sensex rose 12.32 points or 0.06% to 19,091.96.The broader CNX S&P Nifty gained 8.85 points or 0.15% to 5,751.15.
Reliance Industries declined 0.8% to Rs 2,707. The stock came off session's high of Rs 2,780.
Reliance Energy (REL) rose 5.52% to Rs 1,907.80. The company is reportedly planning to foray into Africa. It is believed to be in talks with the governments of Botswana, Tanzania and Zambia for setting up generation capacities of over 1,000 megawatt (MW). The company’s African Safari will be followed by a bid for a 1,200 MW greenfield project at Yanbu in Saudi Arabia, the reports added.
Metal stocks were mixed. Tata Steel (up 0.96% to Rs 824.20), National Aluminium company (up 3.22% to Rs 428.50) edged higher. Steel Authority of India (down 0.56% to Rs 258.30) and Hindalco Industries (down 0.68% to Rs 198.35) edged lower.
Consumer Durable stocks rose. Titan Industries (up 2.56% to Rs 1,497.05), Videocon Industries (up 4.29% to Rs 646), edged higher.
Gitanjali Gems rose 3.13% to Rs 418.50. The company announced during the market hours today that Gitanjali Lifestyle (GLL), a wholly subsidiary of the company is signing a memorandum of understanding (MoU) with Mariella Burani Fashion Group (MBFG) of Italy to form a joint venture in India by way of incorporation of a new company. The objective of the proposed joint venture is to significantly drive growth of MBFG's brands in emerging markets.
Auto stocks declined. Tata motors (down 1.59% to Rs 691.10), Bajaj Auto (down 0.68% to Rs 2,776.80) and Maruti Suzuki India (down 2.39% to Rs 995.30) edged lower.
Mahindra & Mahindra (up 0.86% to Rs 777.30), Hero Honda Motors (up 0.29% to Rs 704) edged higher.
ONGC (up 2.65% to Rs 1,180.50), ICICI Bank (up 1.79% to Rs 1,161.05) and Infosys (up 1.09% to Rs 1,638.10) edged higher.
HDFC (down 1.75% to Rs 2,763), Grasim Industries (down 1.68% to Rs 3,575.20), State Bank of India (down 1.97 % to Rs 2,258.30) and ACC (down 3.4% to 1,030.65) edged lower.
Larsen & Toubro rose 0.77% to Rs 3,998.25 after the company said it had received a contract worth Rs 287 crore to build an elevated road to Mumbai International Airport.
Labels: Nifty.Sensex
posted by SY at 6:40 PM
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