Markets stable with good gains
After a firm start the market soon pared gains in volatile trade. IT and power stocks gained.The markets were trading stable with modest gains for some time. IT, realty and auto stocks continue trade strong, but the capital goods, FMCG, durable and power stocks were still subdued.
At 12.15 hrs IST, the Sensex is up 134.26 points or 0.70% at 19226.22, and the Nifty up 26.45 points or 0.46% at 5777.60.
Capital goods stocks declined. Bharat Heavy Electricals (down 0.89% to Rs 2,378.90), Larsen & Toubro (down 0.67% to Rs 3,971.70) and Suzlon Energy (down 4.19% to Rs 1,820) edged lower.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries rose 1.27% to Rs 2,739. Reliance Industries (RIL) is reportedly in talks with Tata Chemicals (TCL) for sale of 2.2 million metric standard cubic metres per day (mmscmd) of gas from KG basin once the ongoing dispute with Reliance Natural Resources (RNRL) is resolved.
IT stocks rose. Wipro (up 1.29% to Rs 489.45), Tata Consultancy Services (up 1.73% to Rs 1,039), Infosys (up 3.35% to Rs 1,693), Satyam Computer Services (up 4.07% to Rs 420.50) edged higher.
Realty stocks gained. Phoenix Mills (up 11.05% to Rs 2,598), Housing Development Infrastructure (up 2.48% to Rs 974.70), DLF (up 2.32% to Rs 973.50), Unitech (up 0.3%to Rs 460.55) edged higher. Indiabulls Real Estate (down 0.98% to Rs 669) edged lower.
India's second largest power utility by revenue Reliance Energy rose 3.84% to Rs 1,954.90.
HDFC Bank (down 0.66% to Rs 1,646), Cipla (down 1.32% to Rs 212.50), ICICI Bank (down 0.35% to Rs 1,157) and Ranbaxy Laboratories (down 0.49% to Rs 410.05) edged lower.
India's biggest power generation firm by revenue NTPC rose 0.35% to Rs 230.10. The company is reprotedly in active talks with more than one foreign power generation company for acquiring assets in excess of $1 billion (Rs 3,960 crore).
Auto stocks rose. Mahindra & Mahindra (up 2.93% to Rs 800.10), Maruti Suzuki India (up 0.57% to Rs 1,001), Bajaj Auto (up 0.07% to Rs 2,778.65) edged higher . Hero Honda Motors (down 0.39% to Rs 700) edged lower.
India's biggest commercial vehicle maker in terms of market share, Tata Motors, rose 2.51% to Rs 708.45. The company which is considered a front-runner to buy Ford Motor Co's luxury Jaguar and Land Rover brands, will unveil the world's cheapest car at an auto show in India next month. Tata Motors will showcase its $2,500 car at the Auto Expo in New Delhi on 10 January 2008, with a commercial launch planned for later in 2008.
Tata Steel, the world's sixth largest steel maker, rose 0.42% to Rs 827.65. Vale, the world’s largest producer of iron ore and pellets, is reportedly in talks with Tata Steel to set up a steel slab plant in Brazil. The $20 billion mining company, formerly known as CVRD, has three plants under construction in Brazil in partnership with ThyssenKrupp, Dongkuk and Baosteel. Vale has a minority stake in these projects.
Nagarjuna Construction Company rose 3.11% to Rs 320.05 after securing two new orders aggregating Rs 307 crore.
At 12.15 hrs IST, the Sensex is up 134.26 points or 0.70% at 19226.22, and the Nifty up 26.45 points or 0.46% at 5777.60.
Capital goods stocks declined. Bharat Heavy Electricals (down 0.89% to Rs 2,378.90), Larsen & Toubro (down 0.67% to Rs 3,971.70) and Suzlon Energy (down 4.19% to Rs 1,820) edged lower.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries rose 1.27% to Rs 2,739. Reliance Industries (RIL) is reportedly in talks with Tata Chemicals (TCL) for sale of 2.2 million metric standard cubic metres per day (mmscmd) of gas from KG basin once the ongoing dispute with Reliance Natural Resources (RNRL) is resolved.
IT stocks rose. Wipro (up 1.29% to Rs 489.45), Tata Consultancy Services (up 1.73% to Rs 1,039), Infosys (up 3.35% to Rs 1,693), Satyam Computer Services (up 4.07% to Rs 420.50) edged higher.
Realty stocks gained. Phoenix Mills (up 11.05% to Rs 2,598), Housing Development Infrastructure (up 2.48% to Rs 974.70), DLF (up 2.32% to Rs 973.50), Unitech (up 0.3%to Rs 460.55) edged higher. Indiabulls Real Estate (down 0.98% to Rs 669) edged lower.
India's second largest power utility by revenue Reliance Energy rose 3.84% to Rs 1,954.90.
HDFC Bank (down 0.66% to Rs 1,646), Cipla (down 1.32% to Rs 212.50), ICICI Bank (down 0.35% to Rs 1,157) and Ranbaxy Laboratories (down 0.49% to Rs 410.05) edged lower.
India's biggest power generation firm by revenue NTPC rose 0.35% to Rs 230.10. The company is reprotedly in active talks with more than one foreign power generation company for acquiring assets in excess of $1 billion (Rs 3,960 crore).
Auto stocks rose. Mahindra & Mahindra (up 2.93% to Rs 800.10), Maruti Suzuki India (up 0.57% to Rs 1,001), Bajaj Auto (up 0.07% to Rs 2,778.65) edged higher . Hero Honda Motors (down 0.39% to Rs 700) edged lower.
India's biggest commercial vehicle maker in terms of market share, Tata Motors, rose 2.51% to Rs 708.45. The company which is considered a front-runner to buy Ford Motor Co's luxury Jaguar and Land Rover brands, will unveil the world's cheapest car at an auto show in India next month. Tata Motors will showcase its $2,500 car at the Auto Expo in New Delhi on 10 January 2008, with a commercial launch planned for later in 2008.
Tata Steel, the world's sixth largest steel maker, rose 0.42% to Rs 827.65. Vale, the world’s largest producer of iron ore and pellets, is reportedly in talks with Tata Steel to set up a steel slab plant in Brazil. The $20 billion mining company, formerly known as CVRD, has three plants under construction in Brazil in partnership with ThyssenKrupp, Dongkuk and Baosteel. Vale has a minority stake in these projects.
Nagarjuna Construction Company rose 3.11% to Rs 320.05 after securing two new orders aggregating Rs 307 crore.
Labels: Nifty.Sensex
posted by SY at 12:49 PM
0 Comments:
Post a Comment
<< Home