Markets end lower
The market ended the volatile session in the red as index heavyweights ICICI Bank and Infosys Technologies drifted lower. Reliance Industries moved higher. NTPC soared. Bharti Airtel, Maruti Suzuki and Wipro slumped.
The 30-share BSE Sensex lost 99.40 points or 0.48% to 20728.05.The broader CNX S&P Nifty rose 6.70 points or 0.11% at 6206.80.
Reliance Industries (RIL) rose 3.03% to Rs 3223 on reports the company is venturing into synthetic fuels through a $6-8 billion project that will turn coal into oil. Globally, this is called coal-to-liquid, or CTL, technology. RIL aims to produce about 80,000 barrels of oil per day through the process. The Rs 30,000 crore project will consume about 30 million tonnes of coal annually, reports suggest.
Another reason for the upmove in the stock was expectations of strong Q3 December 2007 results. RIL unveils Q3 results on Thursday, 17 December 2007.
India’s largest private sector bank by assets ICICI Bank fell 3.47% to Rs 1390. The stock had surged last week on reports it plans to list four for its subsidiaries starting with its securities arm, ICICI Securities.
India's second largest software exporter by sales Infosys Technologies fell 3.15% to Rs 1530. Infosys Technologies on Friday, 11 January 2008, reported 11.9% growth in consolidated net profit as per Indian GAAP to Rs 1231 crore on 4% rise in sales to Rs 4271 crore in Q3 December 2007 over Q2 September 2007.
NTPC soared 5.33% to Rs 286.80, Bharat Heavy Electricals moved up 1.64% to Rs 2475, HDFC Bank gained 1.46% to Rs 1788, State bank of India rose 1.14% to Rs 2464.95 and Ranbaxy Laboratories gained 0.92% to Rs 399.
Bharti Airtel slumped 6.54% to Rs 905.50, Wipro slipped 5.36% to Rs 459.90, Maruti Suzuki skid 3.19% to Rs 870, Housing Finance Development Corporation (HDFC) fell 2.95% to Rs 2970.50 and TCS gave away 2.73% to Rs 962.05.
The 30-share BSE Sensex lost 99.40 points or 0.48% to 20728.05.The broader CNX S&P Nifty rose 6.70 points or 0.11% at 6206.80.
Reliance Industries (RIL) rose 3.03% to Rs 3223 on reports the company is venturing into synthetic fuels through a $6-8 billion project that will turn coal into oil. Globally, this is called coal-to-liquid, or CTL, technology. RIL aims to produce about 80,000 barrels of oil per day through the process. The Rs 30,000 crore project will consume about 30 million tonnes of coal annually, reports suggest.
Another reason for the upmove in the stock was expectations of strong Q3 December 2007 results. RIL unveils Q3 results on Thursday, 17 December 2007.
India’s largest private sector bank by assets ICICI Bank fell 3.47% to Rs 1390. The stock had surged last week on reports it plans to list four for its subsidiaries starting with its securities arm, ICICI Securities.
India's second largest software exporter by sales Infosys Technologies fell 3.15% to Rs 1530. Infosys Technologies on Friday, 11 January 2008, reported 11.9% growth in consolidated net profit as per Indian GAAP to Rs 1231 crore on 4% rise in sales to Rs 4271 crore in Q3 December 2007 over Q2 September 2007.
NTPC soared 5.33% to Rs 286.80, Bharat Heavy Electricals moved up 1.64% to Rs 2475, HDFC Bank gained 1.46% to Rs 1788, State bank of India rose 1.14% to Rs 2464.95 and Ranbaxy Laboratories gained 0.92% to Rs 399.
Bharti Airtel slumped 6.54% to Rs 905.50, Wipro slipped 5.36% to Rs 459.90, Maruti Suzuki skid 3.19% to Rs 870, Housing Finance Development Corporation (HDFC) fell 2.95% to Rs 2970.50 and TCS gave away 2.73% to Rs 962.05.
Labels: Nifty.Sensex
posted by SY at 7:06 PM
0 Comments:
Post a Comment
<< Home