Markets trading in red
The market slipped into the red shortly after a firm opening. ICICI Bank and Infosys Technologies declined. Realty and consumer durables stocks were in demand. Banking and IT stocks declined. Bharti Airtel declined for the second consecutive day.The market remained weak in the afternoon trade, though it had recovered from lower level led by minor recovery in Bharti Airtel and ICICI Bank.
At 1.22 hrs IST, the Sensex is down 231.85 points or 1.12% at 20496.20, and the Nifty down 49.85 points or 0.80% at 6156.95.
Reliance Industries fell 0.26% to Rs 3207, off session’s low of Rs 3168. The company on Monday, 14 January 2008, announced yet another gas discovery in block KG OSN-2001/1 in the Krishna Godavari (KG) basin on the east coast of India.
India’s largest listed cellular service provider by market share Bharti Airtel slumped 5.78% to Rs 854.05, off session’s low of Rs 845.90. The stock fell after rival company Reliance Communications was allocated Global System for Mobile (GSM) communications spectrum in 14 circles in India.
India’s largest private sector bank by assets ICICI Bank fell 3.76% to Rs 1355.47, off session’s low of Rs 1330.20.
Mahindra & Mahindra fell 2.20% to Rs 739, TCS declined 1.64% to Rs 945 and Ambuja Cements fell 1.81% to Rs 135.55.
Maruti Suzuki rose 2.17% to Rs 873.50, Tata Steel moved up 2.10% to Rs 856.80, Tata Motors flared up 1.11% to Rs 773.05, ONGC gained 0.25% to Rs 1294.50 and Bajaj Auto rose 0.14% to Rs 2462.
Among the volume toppers on BSE, Reliance Natural Resources rose 1.71% to Rs 225.80 on volume of 1.33 crore shares. Centurion Bank of Punjab gained 0.78% to Rs 71.05 on volume of 1.02 crore shares. Apollo Tyre fell 0.27% to Rs 55.20 on volume of 55.86 lakh shares. Ispat Industries moved up 0.52% to Rs 67.15 on volume of 55.62 lakh shares and Hindustan Motors rose 2.29% to Rs 80.75 on volume of 49.74 lakh shares.
At 1.22 hrs IST, the Sensex is down 231.85 points or 1.12% at 20496.20, and the Nifty down 49.85 points or 0.80% at 6156.95.
Reliance Industries fell 0.26% to Rs 3207, off session’s low of Rs 3168. The company on Monday, 14 January 2008, announced yet another gas discovery in block KG OSN-2001/1 in the Krishna Godavari (KG) basin on the east coast of India.
India’s largest listed cellular service provider by market share Bharti Airtel slumped 5.78% to Rs 854.05, off session’s low of Rs 845.90. The stock fell after rival company Reliance Communications was allocated Global System for Mobile (GSM) communications spectrum in 14 circles in India.
India’s largest private sector bank by assets ICICI Bank fell 3.76% to Rs 1355.47, off session’s low of Rs 1330.20.
Mahindra & Mahindra fell 2.20% to Rs 739, TCS declined 1.64% to Rs 945 and Ambuja Cements fell 1.81% to Rs 135.55.
Maruti Suzuki rose 2.17% to Rs 873.50, Tata Steel moved up 2.10% to Rs 856.80, Tata Motors flared up 1.11% to Rs 773.05, ONGC gained 0.25% to Rs 1294.50 and Bajaj Auto rose 0.14% to Rs 2462.
Among the volume toppers on BSE, Reliance Natural Resources rose 1.71% to Rs 225.80 on volume of 1.33 crore shares. Centurion Bank of Punjab gained 0.78% to Rs 71.05 on volume of 1.02 crore shares. Apollo Tyre fell 0.27% to Rs 55.20 on volume of 55.86 lakh shares. Ispat Industries moved up 0.52% to Rs 67.15 on volume of 55.62 lakh shares and Hindustan Motors rose 2.29% to Rs 80.75 on volume of 49.74 lakh shares.
Labels: Nifty.Sensex
posted by SY at 2:20 PM
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