Markets trading in green
The market opened with an upward gap and firmed up further in early trade after the US Federal Reserve slashed the key interest rate by 50 basis points on Wednesday, 30 January 2008. But the market could not sustain momentum and soon plunged deep into the red.
The markets have come off low's of the day and are trading in green on account of good amount of buying seen in oil & gas, banking, auto and IT stocks. Power and metal scrips are still trading under pressure.
At 13.00 hrs IST, the Sensex is up 246.87 points or 1.39% at 18005.51, and the Nifty up 75.55 points or 1.46% at 5243.15.
Oil & Natural Gas Corporation surged 5.35% to Rs 1022.90 on 1.50 lakh shares. It was the top gainer from Sensex pack. As per reports, the Director-General of Hydrocarbons (DGH) has conceded ONGC's demand for a drilling holiday on account of a global rig shortage.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rose 2.85% to Rs 2540 on 8.40 lakh shares. The stock recovered sharply from day’s low of Rs 2375.05.
India’s largest private sector bank in net profit ICICI Bank rose 0.65% to Rs 1192.45 while second largest private sector bank in net profit HDFC Bank rose 1.53% to Rs 1555.25
Hindustan Unilever (up 4.10% to Rs 204.65), Bharti Airtel (up 2.72% to Rs 875.50) and Tata Motors (up 2.35% to Rs 712.50) were the other gainers from Sensex pack.
IT pivotals were mixed. Infosys Technoliges (up 1.96% to Rs 1522) and TCS (up 1.20% to Rs 876.05) rose. However Satyam Computer (down 0.95% to Rs 391), and Wipro (down 0.75% to Rs 409), declined
India’s largest power generation company in terms of market capitalisation National Thermal Power Corporation rose 0.37% to Rs 202.50. The company said on Wednesday, 30 January 2008 it would invest about Rs 4375 crore ($1.1 billion) in setting up a power plant in north-east India.
India’s second largest bike manufacturer in terms of sales, Bajaj Auto rose 4.02% to Rs 2360, off day’s low of Rs 2230. Bajaj Auto yesterday, 30 January 2008 posted 5.32% fall in net profit to Rs 326.81 crore in Q3 December 2007 over Q3 December 2006
India’s largest private sector aluminium manufacturer in terms of sales, Hindalco Industries declined 3.75% to Rs 169.50, off day’s low of Rs 163.75. 7.06 lakh shares changed hands on the counter on BSE. It was the top loser from Sensex pack. Hindalco Industries’ net profit declined 16% to Rs 542 crore on 1.44% fall in total income to Rs 4646 crore in Q3 December 2007 over Q3 December 2006. The results were announced after trading hours yesterday, 30 January 2008.
DLF (down 2.12% to Rs 843.90), ITC (down 1.38% to Rs 196.65), and Tata Steel (down 1.17% to Rs 715), were the other losers from Sensex pack.
Simbhaoli Sugars rose 2.17% to Rs 40 after its board approved preferential issue of 31 lakh warrants at Rs 42.55 each.
National Fertilisers rose 2.52% to Rs 59 on posting 28.42% rise in net profit to Rs 47.03 crore on 8.01% rise in total income to Rs 1,179.87 crore in Q3 December 2007 over Q3 December 2006.
Indian Oil Corporation surged 6.89% to Rs 487 on reporting 16.7% rise in net profit to Rs 2090.69 crore on 15.89% rise in total income to Rs 65,404.84 crore in Q3 December 2007 over Q3 December 2006. The results were announced during trading hours today, 31 January 2008.
The markets have come off low's of the day and are trading in green on account of good amount of buying seen in oil & gas, banking, auto and IT stocks. Power and metal scrips are still trading under pressure.
At 13.00 hrs IST, the Sensex is up 246.87 points or 1.39% at 18005.51, and the Nifty up 75.55 points or 1.46% at 5243.15.
Oil & Natural Gas Corporation surged 5.35% to Rs 1022.90 on 1.50 lakh shares. It was the top gainer from Sensex pack. As per reports, the Director-General of Hydrocarbons (DGH) has conceded ONGC's demand for a drilling holiday on account of a global rig shortage.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rose 2.85% to Rs 2540 on 8.40 lakh shares. The stock recovered sharply from day’s low of Rs 2375.05.
India’s largest private sector bank in net profit ICICI Bank rose 0.65% to Rs 1192.45 while second largest private sector bank in net profit HDFC Bank rose 1.53% to Rs 1555.25
Hindustan Unilever (up 4.10% to Rs 204.65), Bharti Airtel (up 2.72% to Rs 875.50) and Tata Motors (up 2.35% to Rs 712.50) were the other gainers from Sensex pack.
IT pivotals were mixed. Infosys Technoliges (up 1.96% to Rs 1522) and TCS (up 1.20% to Rs 876.05) rose. However Satyam Computer (down 0.95% to Rs 391), and Wipro (down 0.75% to Rs 409), declined
India’s largest power generation company in terms of market capitalisation National Thermal Power Corporation rose 0.37% to Rs 202.50. The company said on Wednesday, 30 January 2008 it would invest about Rs 4375 crore ($1.1 billion) in setting up a power plant in north-east India.
India’s second largest bike manufacturer in terms of sales, Bajaj Auto rose 4.02% to Rs 2360, off day’s low of Rs 2230. Bajaj Auto yesterday, 30 January 2008 posted 5.32% fall in net profit to Rs 326.81 crore in Q3 December 2007 over Q3 December 2006
India’s largest private sector aluminium manufacturer in terms of sales, Hindalco Industries declined 3.75% to Rs 169.50, off day’s low of Rs 163.75. 7.06 lakh shares changed hands on the counter on BSE. It was the top loser from Sensex pack. Hindalco Industries’ net profit declined 16% to Rs 542 crore on 1.44% fall in total income to Rs 4646 crore in Q3 December 2007 over Q3 December 2006. The results were announced after trading hours yesterday, 30 January 2008.
DLF (down 2.12% to Rs 843.90), ITC (down 1.38% to Rs 196.65), and Tata Steel (down 1.17% to Rs 715), were the other losers from Sensex pack.
Simbhaoli Sugars rose 2.17% to Rs 40 after its board approved preferential issue of 31 lakh warrants at Rs 42.55 each.
National Fertilisers rose 2.52% to Rs 59 on posting 28.42% rise in net profit to Rs 47.03 crore on 8.01% rise in total income to Rs 1,179.87 crore in Q3 December 2007 over Q3 December 2006.
Indian Oil Corporation surged 6.89% to Rs 487 on reporting 16.7% rise in net profit to Rs 2090.69 crore on 15.89% rise in total income to Rs 65,404.84 crore in Q3 December 2007 over Q3 December 2006. The results were announced during trading hours today, 31 January 2008.
Labels: Nifty.Sensex
posted by SY at 1:43 PM
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