Markets pared gains
The market opened a tad higher than previous close but soon slipped into red as index heavyweight ICICI Bank fell sharply.The markets are trading flat amid choppiness giving up some of its gains. The cues from Asia were mixed with Shanghai and Taiwan ending lower.
At 14.39 hrs IST, the Sensex is up 41.01 points or 0.21% at 19909.12, and the Nifty up 38.35 points or 0.65% at 5974.10.
Top Sensex gainers were ITC (up 5.15% to Rs 219.55), Maruti Suzuki (up 5.57% to Rs 891, Bharat Heavy Electrical (up 3.35% to Rs 2386.30), Larsen & Toubro (up 3% to Rs 4109.70) and Bharti Airtel (up 2.68% to Rs 887.10).
The top Sensex losers were Ambuja Cements (down 1.91% to Rs 133.50), Ranbaxy Laboratories (down 1.53% to Rs 372.90), DLF (down 1.29% to Rs 1113), and HDFC Bank (down 1.54% to Rs 1650).
India’s largest software exporter by sales TCS fell 1.32% to Rs 932. TCS posted 6.7% rise in net profit as US accounting standards to Rs 1331 crore in Q3 December 2007 over Q2 September 2007. The results, which hit the market after trading hours on Wednesday, were in line with market expectations.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) fell 1.72% to Rs 3045. The stock recovered from the day’s low of Rs 3022.30. RIL reported 162.22% surge in net profit to Rs 8079 crore on 23.01% increase in total income to Rs 34831 crore in Q3 December 2007 over Q3 December 2006. The surge in net profit was due to one-off gains.
India’s largest private sector bank by assets ICICI Bank fell 1.46% to Rs 1349.15. The stock recovered from the day’s low of Rs 1333.41.
The BSE Capital Goods index was up 2.18% to 19,080.72. Thermax soared 4.71% to Rs 774, Siemens gained 4.62% to Rs 2005, Lakshmi Machine Works rose 2.98% to Rs 3000, and Praj Industries gained 2.37% to Rs 222.40.
Select PSU stocks moved up. The BSE PSU index was up 2.30% to 10,302.66. National Aluminum Company (Nalco) jumped 5.78% to Rs 443.50, Manglore Refineries & Petrochemicals (MRPL) flared up 5.01% to Rs 134.10, MMTC rose 5% to Rs 31,763.25, Rashtriya Chemicals & Fertilisers (RCF) moved up 4.97% to Rs 129.85 and BPCL climbed 4% to Rs 460.
Among the side counters, Bombay Dyeing & Manufacturing Company flared up 6.39% to Rs 953, Housing Development & Infrastructure galloped 6.26% to Rs 1400.20, Welspun Gujarat Stahl Rohren moved up 5.80% to Rs 529, D-Link (India) rose 5.59% to Rs 106.80 and Gujarat Mineral Development Corporation climbed 5.50% to Rs 487.
At 14.39 hrs IST, the Sensex is up 41.01 points or 0.21% at 19909.12, and the Nifty up 38.35 points or 0.65% at 5974.10.
Top Sensex gainers were ITC (up 5.15% to Rs 219.55), Maruti Suzuki (up 5.57% to Rs 891, Bharat Heavy Electrical (up 3.35% to Rs 2386.30), Larsen & Toubro (up 3% to Rs 4109.70) and Bharti Airtel (up 2.68% to Rs 887.10).
The top Sensex losers were Ambuja Cements (down 1.91% to Rs 133.50), Ranbaxy Laboratories (down 1.53% to Rs 372.90), DLF (down 1.29% to Rs 1113), and HDFC Bank (down 1.54% to Rs 1650).
India’s largest software exporter by sales TCS fell 1.32% to Rs 932. TCS posted 6.7% rise in net profit as US accounting standards to Rs 1331 crore in Q3 December 2007 over Q2 September 2007. The results, which hit the market after trading hours on Wednesday, were in line with market expectations.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) fell 1.72% to Rs 3045. The stock recovered from the day’s low of Rs 3022.30. RIL reported 162.22% surge in net profit to Rs 8079 crore on 23.01% increase in total income to Rs 34831 crore in Q3 December 2007 over Q3 December 2006. The surge in net profit was due to one-off gains.
India’s largest private sector bank by assets ICICI Bank fell 1.46% to Rs 1349.15. The stock recovered from the day’s low of Rs 1333.41.
The BSE Capital Goods index was up 2.18% to 19,080.72. Thermax soared 4.71% to Rs 774, Siemens gained 4.62% to Rs 2005, Lakshmi Machine Works rose 2.98% to Rs 3000, and Praj Industries gained 2.37% to Rs 222.40.
Select PSU stocks moved up. The BSE PSU index was up 2.30% to 10,302.66. National Aluminum Company (Nalco) jumped 5.78% to Rs 443.50, Manglore Refineries & Petrochemicals (MRPL) flared up 5.01% to Rs 134.10, MMTC rose 5% to Rs 31,763.25, Rashtriya Chemicals & Fertilisers (RCF) moved up 4.97% to Rs 129.85 and BPCL climbed 4% to Rs 460.
Among the side counters, Bombay Dyeing & Manufacturing Company flared up 6.39% to Rs 953, Housing Development & Infrastructure galloped 6.26% to Rs 1400.20, Welspun Gujarat Stahl Rohren moved up 5.80% to Rs 529, D-Link (India) rose 5.59% to Rs 106.80 and Gujarat Mineral Development Corporation climbed 5.50% to Rs 487.
Labels: Nifty.Sensex
posted by SY at 3:23 PM
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