Markets trading in green amid volatility
The market started on a positive note but it soon slipped into the red in volatile trade. It came off from lower level later. Reliance Industries edged lower. IT and FMCG stocks gained. Metal stocks edged lower. BSE mid-cap and small-cap indices underperformed Sensex. The market breadth was weak on BSE.
The markets are trading weak amid volatility. Sensex and Nifty are experiencing tough resistance at 21,000 and 6,300 levels respectively. Heavy selling pressure was seen in the oil & gas, metal, auto power, capital good and realty stocks.
At 12:19 IST, the 30-share BSE Sensex was up 42.80 points or 0.21% to 20,920.13.The broader CNX S&P Nifty was up 8.2 points or 0.13% to 6,296.05.
Reliance Industries was down 0.28% to Rs 3,042.India’s largest private sector bank by assets ICICI Bank fell 1.87% to Rs 1,308.50.
Power stocks rose. NTPC (up 3.71% to Rs 275.10), Reliance Energy (up 0.88% to Rs 2,558.35) and Tata Power Company (up 0.49% to Rs 1,575) edged higher.
IT stocks rose. Infosys (up 1.15% to Rs 1,681.15), Wipro (up 1.56% to Rs 495.50) Satyam Computer Services (up 1.06% to Rs 429) and Tata Consultancy Services (up 0.25% to Rs 993.05) edged higher.
Consumer durables stocks rose. Blue Star (up 0.2% to Rs 516.50), Rajesh Exports (up 1.03% to Rs 894), Videocon Industries (up 0.69% to Rs 703), Titan Industries (up 3.62% to Rs 1,659.50) edged higher.
Capital goods stocks declined. Bharat Heavy Electricals (down 0.93% to Rs 2,471.10), Suzlon Energy (down 0.95% to Rs 2,251.95) edged lower. India's largest engineering and construction firm by sales Larsen & Toubro rose 0.98% to Rs 4,377. The stock came off session's low of Rs 4,290.
Realty stocks declined. DLF (down 0.92% to Rs 1,140), Unitech (down 0.39% to Rs 523), Indiabulls Real Estate (down 1.27% to Rs 765.25) and Parsvnath Developers (down 6.92% to Rs 512.15) edged lower.
Metal stocks rose. Tata Steel (up 0.75% to Rs 898.50), Sterlite Industries (up 0.99% to Rs 1,045), Steel Authority of India (up 0.82% to Rs 265.25), National Alluminium Company (up 1.65% to Rs 508.75) and Hindalco Industries (up 1.41% to Rs 211.90) edged higher.
India’s second largest private sector bank in terms of net profit HDFC Bank rose 1.5% to Rs 1,742.10.
ACC (down 1.73% to Rs 968), Bharti Airtel (down 1.14% to Rs 963.05), ONGC (down 1.28% to Rs 1,305) edged lower.
Mahindra & Mahindra declined 0.73% to Rs 824 after the company said Mahindra Holidays & Resorts India (MHRIL), a leisure hospitality provider offering family holidays, has finalised a 2% private placement deal with the State Bank of India for a consideration of around Rs 80 crore.
TRF declined 0.83% to Rs 1,940 despite receipt of an order worth Rs 96.16 crore from Tata Projects for handing its coal handling plant.
Suzlon Energy declined 0.42% to Rs 2,264 after the company said its Chinese subsidiary had won two orders for the supply of a total 100 megawatts of turbines in China
Omnitech InfoSolutions rose 4.46% to Rs 220.05 after it said its board meet will meet on 14 January 2008, to consider fund raising activity by way of preferential allotment of shares/ warrants and/or by way of American depository receipts/global depository receipts/qualified institutional placement.
Software services firm Aztecsoft and MindTree Consulting rose on reports the former held exploratory merger talks with the latter. Aztecsoft rose 2.14% to Rs 95.40 and MindTree Consulting rose 1.85% to Rs 497.70.
The markets are trading weak amid volatility. Sensex and Nifty are experiencing tough resistance at 21,000 and 6,300 levels respectively. Heavy selling pressure was seen in the oil & gas, metal, auto power, capital good and realty stocks.
At 12:19 IST, the 30-share BSE Sensex was up 42.80 points or 0.21% to 20,920.13.The broader CNX S&P Nifty was up 8.2 points or 0.13% to 6,296.05.
Reliance Industries was down 0.28% to Rs 3,042.India’s largest private sector bank by assets ICICI Bank fell 1.87% to Rs 1,308.50.
Power stocks rose. NTPC (up 3.71% to Rs 275.10), Reliance Energy (up 0.88% to Rs 2,558.35) and Tata Power Company (up 0.49% to Rs 1,575) edged higher.
IT stocks rose. Infosys (up 1.15% to Rs 1,681.15), Wipro (up 1.56% to Rs 495.50) Satyam Computer Services (up 1.06% to Rs 429) and Tata Consultancy Services (up 0.25% to Rs 993.05) edged higher.
Consumer durables stocks rose. Blue Star (up 0.2% to Rs 516.50), Rajesh Exports (up 1.03% to Rs 894), Videocon Industries (up 0.69% to Rs 703), Titan Industries (up 3.62% to Rs 1,659.50) edged higher.
Capital goods stocks declined. Bharat Heavy Electricals (down 0.93% to Rs 2,471.10), Suzlon Energy (down 0.95% to Rs 2,251.95) edged lower. India's largest engineering and construction firm by sales Larsen & Toubro rose 0.98% to Rs 4,377. The stock came off session's low of Rs 4,290.
Realty stocks declined. DLF (down 0.92% to Rs 1,140), Unitech (down 0.39% to Rs 523), Indiabulls Real Estate (down 1.27% to Rs 765.25) and Parsvnath Developers (down 6.92% to Rs 512.15) edged lower.
Metal stocks rose. Tata Steel (up 0.75% to Rs 898.50), Sterlite Industries (up 0.99% to Rs 1,045), Steel Authority of India (up 0.82% to Rs 265.25), National Alluminium Company (up 1.65% to Rs 508.75) and Hindalco Industries (up 1.41% to Rs 211.90) edged higher.
India’s second largest private sector bank in terms of net profit HDFC Bank rose 1.5% to Rs 1,742.10.
ACC (down 1.73% to Rs 968), Bharti Airtel (down 1.14% to Rs 963.05), ONGC (down 1.28% to Rs 1,305) edged lower.
Mahindra & Mahindra declined 0.73% to Rs 824 after the company said Mahindra Holidays & Resorts India (MHRIL), a leisure hospitality provider offering family holidays, has finalised a 2% private placement deal with the State Bank of India for a consideration of around Rs 80 crore.
TRF declined 0.83% to Rs 1,940 despite receipt of an order worth Rs 96.16 crore from Tata Projects for handing its coal handling plant.
Suzlon Energy declined 0.42% to Rs 2,264 after the company said its Chinese subsidiary had won two orders for the supply of a total 100 megawatts of turbines in China
Omnitech InfoSolutions rose 4.46% to Rs 220.05 after it said its board meet will meet on 14 January 2008, to consider fund raising activity by way of preferential allotment of shares/ warrants and/or by way of American depository receipts/global depository receipts/qualified institutional placement.
Software services firm Aztecsoft and MindTree Consulting rose on reports the former held exploratory merger talks with the latter. Aztecsoft rose 2.14% to Rs 95.40 and MindTree Consulting rose 1.85% to Rs 497.70.
Labels: Nifty.Sensex
posted by SY at 1:13 PM
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