Markets lose ground
The market opened with a positive gap following strong cues from global markets. Nifty touched an all-time high. Telecom stocks were in demand.But now the markets have lost further ground with Nifty slipping in red and Sensex trading flat. The breadth has turned negative with broader markets in red.
At 1.41 hrs IST, the Sensex is up 5.79 points or 0.03% at 19801.66, and the Nifty down 15.30 points or 0.26% at 5939.40.
The BSE IT index was up 1.84% to 4,345.65. India’s second largest software firm by sales Infosys Technologies jumped 3.61% to Rs 1694. Tech Mahindra soared 5.66% to Rs 1177, I-Flex Solutions moved up 2.51% to Rs 1565, TCS gained 1.25% to Rs 1047.15, and Satyam Computers rose 0.62% to Rs 439.50. Wipro was nearly steady at Rs 492.90.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries fell 1.38% to Rs 2835. The stock came off session's high of Rs 2915.
India’s largest drug maker by sales Ranbaxy Laboratories rose 1.51% to Rs 403.95 after it received tentative approval from the US Food and Drug Administration for donepezil hydrochloride tablets.
Telecom stocks edged higher. India’s largest listed cellular service provider by market share Bharti Airtel jumped 5.33% to Rs 990.
India’s second largest listed telecom service provider by sales Reliance Communications rose 2.41% to Rs 736 on reports that Department of Telecommunications (DoT) on Thursday, 6 December 2007 awarded a pan-India GSM licence to the company.
The BSE Oil & Gas index was down 0.95% to 12,713.91. ONGC declined 1.06% to Rs 1179.80, GAIL (India) declined 2.27% to Rs 467.50, Reliance Natural Resources fell 1.06% to Rs 177, HPCL shed 1.47% to Rs 302.45, and BPCL shed 1.36% to Rs 417.
The BSE Realty index was up 2.99% to 11,686.25. India’s largest real estate firm by market capitalisation DLF jumped 3.94% to Rs 1009.55, an all time high.
Mahindra Lifespace Developers soared 7.69% to Rs 795, Peninsula Land jumped 6.57% to Rs 150.95, Unitech rose 3.10% to Rs 444.50 and Phoenix Mills rose 1.97% to Rs 2455.05.
The BSE Bankex was up 1.10% to 11,230.04. India’s largest private sector bank by assets ICICI Bank rose 1.13% to Rs 1212.90.
Centurion Bank of Punjab jumped 6.56% to Rs 52, Oriental Bank of Commerce rose 2.31% to Rs 276.80, HDFC Bank gained 1.89% to Rs 1718, and State Bank of India rose 1.45% to Rs 2429.
Among the side counters, HTMT Global Solutions soared 12.11% to Rs 620, Geometric spurted 11.23% to Rs 81.25, CMC jumped 6.22% to Rs 1079.75, Essel Propack gained 4.92% to Rs 65 and Punjab Tractors rose 4.21% to Rs 250.
At 1.41 hrs IST, the Sensex is up 5.79 points or 0.03% at 19801.66, and the Nifty down 15.30 points or 0.26% at 5939.40.
The BSE IT index was up 1.84% to 4,345.65. India’s second largest software firm by sales Infosys Technologies jumped 3.61% to Rs 1694. Tech Mahindra soared 5.66% to Rs 1177, I-Flex Solutions moved up 2.51% to Rs 1565, TCS gained 1.25% to Rs 1047.15, and Satyam Computers rose 0.62% to Rs 439.50. Wipro was nearly steady at Rs 492.90.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries fell 1.38% to Rs 2835. The stock came off session's high of Rs 2915.
India’s largest drug maker by sales Ranbaxy Laboratories rose 1.51% to Rs 403.95 after it received tentative approval from the US Food and Drug Administration for donepezil hydrochloride tablets.
Telecom stocks edged higher. India’s largest listed cellular service provider by market share Bharti Airtel jumped 5.33% to Rs 990.
India’s second largest listed telecom service provider by sales Reliance Communications rose 2.41% to Rs 736 on reports that Department of Telecommunications (DoT) on Thursday, 6 December 2007 awarded a pan-India GSM licence to the company.
The BSE Oil & Gas index was down 0.95% to 12,713.91. ONGC declined 1.06% to Rs 1179.80, GAIL (India) declined 2.27% to Rs 467.50, Reliance Natural Resources fell 1.06% to Rs 177, HPCL shed 1.47% to Rs 302.45, and BPCL shed 1.36% to Rs 417.
The BSE Realty index was up 2.99% to 11,686.25. India’s largest real estate firm by market capitalisation DLF jumped 3.94% to Rs 1009.55, an all time high.
Mahindra Lifespace Developers soared 7.69% to Rs 795, Peninsula Land jumped 6.57% to Rs 150.95, Unitech rose 3.10% to Rs 444.50 and Phoenix Mills rose 1.97% to Rs 2455.05.
The BSE Bankex was up 1.10% to 11,230.04. India’s largest private sector bank by assets ICICI Bank rose 1.13% to Rs 1212.90.
Centurion Bank of Punjab jumped 6.56% to Rs 52, Oriental Bank of Commerce rose 2.31% to Rs 276.80, HDFC Bank gained 1.89% to Rs 1718, and State Bank of India rose 1.45% to Rs 2429.
Among the side counters, HTMT Global Solutions soared 12.11% to Rs 620, Geometric spurted 11.23% to Rs 81.25, CMC jumped 6.22% to Rs 1079.75, Essel Propack gained 4.92% to Rs 65 and Punjab Tractors rose 4.21% to Rs 250.
Labels: Nifty.Sensex
posted by SY at 1:50 PM
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