Markets off days high
The market opened on a firm note and edged higher taking cue from firm Asian equities.It had come sharply off higher level from an early surge.Currently the markets have given up most of its gains and were trading flat on account of heavy profit booking witnessed in the oil & gas, power, cap goods, realty and banking stocks.
At 13.12 hrs IST, the Sensex is up 44.90 points or 0.24% at 19124.54, and the Nifty up 20.15 points or 0.35% at 5762.45.
Reliance Industries was flat at Rs 2,729.85. The stock came off session's high of Rs 2,780.
Reliance Energy (REL) rose 3.16% to Rs 1,85.15. The stock came off session's high of Rs 1,904.90. 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.
Sugar stocks galloped. Bajaj Hindustan (up 9.76% to Rs 284), Balrampur Chini Mills (up 8.71% to Rs 110.50), Dhampur Sugar (up 10.72% to Rs 94) and Shree Renuka Sugars (up 3.38% to Rs 974.80) edged higher.
IT stocks were mixed. Infosys (up 1.14% to Rs 1,638.95), Tata Consultancy Services (up 0.86% to Rs 1,020) edged higher. Satyam Computer Services (down 0.12% to Rs 404.45), Wipro (down 0.94% to Rs 479.10) edged lower.
Metal stocks rose. Tata Steel (up 1.61% to Rs 829.50), National Aluminium company (up 2.22% to Rs 423.95) ,Sterlite Industries (up 0.31% to Rs 962), Steel Authority of India (up 0.6% to Rs 261.40) edged higher. Hindalco Industries declined 1.3% to Rs 197.10.
Consumer Durable stocks rose. Rajesh Exports (up 1.48% to Rs 911), Titan Industries (up 2.85% to Rs 1,501.25), Videocon Industries (up 4.32% to Rs 646.15), edged higher.
Gitanjali Gems rose 1.7% to Rs 415.55. 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.
Mahindra & Mahindra (up 4.46% to Rs 805.05), ONGC (up 2.87% to Rs 1,182.95), ICICI Bank (up 2.01% to Rs 1,163.60) edged higher.
HDFC (down 3.46% to Rs 2,715), Grasim Industries (down 1.27% to Rs 3,590), Maruti Suzuki India (down 2.52% to Rs 994), State Bank of India (down 1.03 % to Rs 2,280) and ACC (down 0.82% to 479.90) edged lower.
Larsen & Toubro rose 0.81% to Rs 3,995.95 after the company said it had received a contract worth Rs 287 crore to build an elevated road to Mumbai International Airport.
At 13.12 hrs IST, the Sensex is up 44.90 points or 0.24% at 19124.54, and the Nifty up 20.15 points or 0.35% at 5762.45.
Reliance Industries was flat at Rs 2,729.85. The stock came off session's high of Rs 2,780.
Reliance Energy (REL) rose 3.16% to Rs 1,85.15. The stock came off session's high of Rs 1,904.90. 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.
Sugar stocks galloped. Bajaj Hindustan (up 9.76% to Rs 284), Balrampur Chini Mills (up 8.71% to Rs 110.50), Dhampur Sugar (up 10.72% to Rs 94) and Shree Renuka Sugars (up 3.38% to Rs 974.80) edged higher.
IT stocks were mixed. Infosys (up 1.14% to Rs 1,638.95), Tata Consultancy Services (up 0.86% to Rs 1,020) edged higher. Satyam Computer Services (down 0.12% to Rs 404.45), Wipro (down 0.94% to Rs 479.10) edged lower.
Metal stocks rose. Tata Steel (up 1.61% to Rs 829.50), National Aluminium company (up 2.22% to Rs 423.95) ,Sterlite Industries (up 0.31% to Rs 962), Steel Authority of India (up 0.6% to Rs 261.40) edged higher. Hindalco Industries declined 1.3% to Rs 197.10.
Consumer Durable stocks rose. Rajesh Exports (up 1.48% to Rs 911), Titan Industries (up 2.85% to Rs 1,501.25), Videocon Industries (up 4.32% to Rs 646.15), edged higher.
Gitanjali Gems rose 1.7% to Rs 415.55. 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.
Mahindra & Mahindra (up 4.46% to Rs 805.05), ONGC (up 2.87% to Rs 1,182.95), ICICI Bank (up 2.01% to Rs 1,163.60) edged higher.
HDFC (down 3.46% to Rs 2,715), Grasim Industries (down 1.27% to Rs 3,590), Maruti Suzuki India (down 2.52% to Rs 994), State Bank of India (down 1.03 % to Rs 2,280) and ACC (down 0.82% to 479.90) edged lower.
Larsen & Toubro rose 0.81% to Rs 3,995.95 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 1:47 PM
0 Comments:
Post a Comment
<< Home