Tuesday, December 04, 2007

Markets trading flat

The market pared gains after a firm start. Investors were cautious ahead of a discussion on the Indo-US nuclear deal, which will take place in the Rajya Sabha today. Consumer durables stocks were in demand. Key Asian indices, except Japan, were in green.

At 11.59 hrs IST, the Sensex is up 4.38 points or 0.02% at 19607.79, and the Nifty up 1.25 points or 0.02% at 5866.25.

Reliance Industries fell 0.83% to Rs 2907.95. The stock came off session's high of Rs 2960.India’s largest private sector bank by assets ICICI Bank was down 1.18% to Rs 1151.80, off sessions low of Rs 1137.65.India’s second largest software firm by sales Infosys Technologies gained 0.65% to Rs 1611.40.

The BSE Metal index was up 1.47% to 18,550.47. Maharastra Seamless surged 7.47% to Rs 549.90, Sesa Goa jumped 3.47% to Rs 3613, Jindal Stainless gained 2.10% to Rs 230.75, Tata Steel rose 1.96% to Rs 855.10, National Aluminium Company (Nalco) gained 0.35% to Rs 371 and Steel Authority of India (Sail) rose 1.52% to Rs 266.50.

Hindalco Industries fell 0.16% to Rs 191.25 and Sterlite Industries declined 1% to Rs 1071.50.

The BSE Capital Goods index rose 1.06% to 20,174.59. Alstom Projects rose 3.41% to Rs 1010, Siemens rose 3.12% to Rs 1898, BEML gained 1.90% to Rs 1728, Bharat Heavy Electricals (Bhel) gained 1.44% to Rs 2806, Larsen & Toubro rose 1.18% to Rs 4228.05 and Jaiprakash Associates rose 1.05% to Rs 1898.

Among side counters, Chambal Fertilisers & Chemicals surged 12.77% to Rs 78.60, IVR Prime Urban Developers soared 9.12% to Rs 433, Ingersoll-Rand (India) rose spurted 8.91% to Rs 340.50, Sobha Developers jumped 8.52% to Rs 943, and Arvind Mills gained 6.39% to Rs 82.40.

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