Markets trading firm taking cues from Asia
The market opened on firm note, led by gains in heavyweight stocks. Metal, power and oil & gas stocks were in demand.The markets are trading firm at the higher levels on heavy buying seen in power, metal and oil & gas stocks. Cues from Asia is mixed Jakarta and Shanghai are in green but trading lower are markets like Taiwan.
At 12.15 hrs IST, the Sensex is up 203.74 points or 1.05% at 19566.93, and the Nifty up 83.00 points or 1.44% at 5845.75.
Reliance Industries rose 1.62% to Rs 2896.90.India’s largest private sector bank by assets ICICI Bank fell 0.82% to Rs 1174.90.
Ashok Leyland soared 5.80% to Rs 47.40, TVS Motors jumped 3.47% to Rs 67.10, Bharat Forge gained 3.28% to Rs 324.25, Exide Industries rose 3.14% to Rs 73.95, Maruti Suzuki gained 2.43% to Rs 1036.95, Mahindra & Mahindra rose 2.36% to Rs 749.05 and Tata Motors rose 1.45% to Rs 744.
The BSE Power index advanced 3.15% to 4,480.96. GVK Power & Infrastructure rose 5.32% to Rs 801.50, Neyveli Lignite rose 4.65% to Rs 246.50, NTPC rose 2.05% to Rs 241.50 and Power Grid Corporation of India 1.96% to Rs 150.80.
Power producer and distributor Tata Power soared 9.17% to Rs 1279.80. The company is reportedly eyeing a bid for Singapore electricity companies Tuas Power, PowerSeraya and Senoko. The report suggests that Singapore's state investor Temasek Holdings is selling its interests in the three firms and Tata was evaluating the opportunity.
Anil Dhirubhai Ambani Group (ADAG) led Reliance Energy (REL) jumped 5.69% to 1837.25. As per reports, ADAG will invest Rs 8,000 crore in REL that would help the company to double its net worth and increase its borrowing limit. The infusion is proposed through a preferential offer of shares to Reliance-Anil Dhirubhai Ambani Group. The preferential offer will be made at Rs 1,812 per share. After the equity infusion, the promoter’s stake will increase to 43-45% from the current 35.89%.
Battered IT pivotals edged higher on value buying. The BSE IT index was up 1.09% to 4,243.32. Wipro soared 8.15% to Rs 497.80, TCS gained 2.96% to Rs 1044, Satyam Computers gained 0.98% to Rs 444.25. However India’s second largest software exporter by sales Infosys Technologies fell 0.14% to Rs 1601.75.
India's largest low ash metallurgical coke producer by sales Gujarat NRE Coke rose soared 6.82% to Rs 124.55 after the company said it would invest Rs 175 crore to raise its wind power capacity by 30 megawatts to 57.5 megawatts.
Brokerage firm Emkay Share & Stock Brokers was locked at upper limit of 5% at Rs 258.70 after its board decided to raise Rs 250 crore through a qualified institutional placement.
At 12.15 hrs IST, the Sensex is up 203.74 points or 1.05% at 19566.93, and the Nifty up 83.00 points or 1.44% at 5845.75.
Reliance Industries rose 1.62% to Rs 2896.90.India’s largest private sector bank by assets ICICI Bank fell 0.82% to Rs 1174.90.
Ashok Leyland soared 5.80% to Rs 47.40, TVS Motors jumped 3.47% to Rs 67.10, Bharat Forge gained 3.28% to Rs 324.25, Exide Industries rose 3.14% to Rs 73.95, Maruti Suzuki gained 2.43% to Rs 1036.95, Mahindra & Mahindra rose 2.36% to Rs 749.05 and Tata Motors rose 1.45% to Rs 744.
The BSE Power index advanced 3.15% to 4,480.96. GVK Power & Infrastructure rose 5.32% to Rs 801.50, Neyveli Lignite rose 4.65% to Rs 246.50, NTPC rose 2.05% to Rs 241.50 and Power Grid Corporation of India 1.96% to Rs 150.80.
Power producer and distributor Tata Power soared 9.17% to Rs 1279.80. The company is reportedly eyeing a bid for Singapore electricity companies Tuas Power, PowerSeraya and Senoko. The report suggests that Singapore's state investor Temasek Holdings is selling its interests in the three firms and Tata was evaluating the opportunity.
Anil Dhirubhai Ambani Group (ADAG) led Reliance Energy (REL) jumped 5.69% to 1837.25. As per reports, ADAG will invest Rs 8,000 crore in REL that would help the company to double its net worth and increase its borrowing limit. The infusion is proposed through a preferential offer of shares to Reliance-Anil Dhirubhai Ambani Group. The preferential offer will be made at Rs 1,812 per share. After the equity infusion, the promoter’s stake will increase to 43-45% from the current 35.89%.
Battered IT pivotals edged higher on value buying. The BSE IT index was up 1.09% to 4,243.32. Wipro soared 8.15% to Rs 497.80, TCS gained 2.96% to Rs 1044, Satyam Computers gained 0.98% to Rs 444.25. However India’s second largest software exporter by sales Infosys Technologies fell 0.14% to Rs 1601.75.
India's largest low ash metallurgical coke producer by sales Gujarat NRE Coke rose soared 6.82% to Rs 124.55 after the company said it would invest Rs 175 crore to raise its wind power capacity by 30 megawatts to 57.5 megawatts.
Brokerage firm Emkay Share & Stock Brokers was locked at upper limit of 5% at Rs 258.70 after its board decided to raise Rs 250 crore through a qualified institutional placement.
Labels: Nifty.Sensex
posted by SY at 12:46 PM
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