Nifty ends flat
The market edged lower today, dragged by decline in IT, cement stocks and in select index heavyweights. The CNX S&P Nifty struck all-time high today. The BSE Mid-Cap and Small-Cap index struck record highs.
The 30-share BSE Sensex settled 120.10 points or 0.59% lower at 20,345.20.The fall in Nifty was much lower than the fall in Sensex. It declined marginally by 0.85 points or 0.01% to 6178.55. Nifty struck all-time high of 6230.15 today, 3 January 2008.
ement stocks declined on selling pressure after the Tamil Nadu state government on Wednesday warned cement companies that it would take over all cement factories in the state in the public interest if cement makers did not lower prices. Diversified company Grasim was the top loser from Sensex pack The stock lost 3.97% to Rs 3606.
ACC lost 1.80% to Rs 1004 after it posted 5.98% decline in cement dispatches to 1.57 million tonnes in December 2007 over December 2006. India Cements (down 2.93% to Rs 298) and Ambuja Cements (down 1.65% to Rs 146), wer4e the other losers.
Shares from oil drilling and exploration sector surged on the back of rally in crude price. India's biggest oil exploration company in terms of market capitalisation Oil & Natural Gas Corporation jumped 3.93% to Rs 1319.45 on 4.39 lakh shares.
Cairn India (up 4.79% to Rs 254.95), Selan Exploration Technology (up 20% to Rs 219.80), Asian Oilfield Services (up 5% to Rs 385.70), Jindal Drilling & Industries (up 2.48% to Rs 1521), and Aban Offshore (up 0.52% to Rs 5100.15), surged.
IT pivotals extended their recent fall. TCS (down 2.91% to Rs 1018.35), Wipro (down 2.90% to Rs 496.25), Satyam Computers (down 2.52% to Rs 425.50), and Infosys Technologies (down 1.95% to Rs 1715.20), also edged lower
India’s largest private sector bank in terms of net profit ICICI Bank lost 2.87% to Rs 1230.
India’s largest power generation company in terms of net profit, National Thermal Power Corporation surged 6.78% to Rs 274.70 on 65.24 lakh shares. It was the top gainer from Sensex pack.
India’s largest private sector power utility company in terms of net profit, Reliance Energy (REL) surged 6.13% to Rs 2513.40. The stock hit all-time high of Rs 2585 in late trade. As per reports, Reliance Power in which REL holds 50% stake, plans to raise as much as $3 billion in the nation's biggest initial public offering. Reliance Power, the power generating unit of REL will sell 26 crore shares at a price band of Rs 405 to Rs 450 per share.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries advanced 1.23% to Rs 2898. The stock recovered from session's low of Rs 2831.10. On BSE, 6.07 lakh shares were traded on the counter.
Oil marketing companies gained after petroleum Minister Murli Deora today, 3 January 2007 said fuel price hike was not the only solution for reducing the losses faced by public sector oil firms and the government will consider other options like excise duty cut. Hindustan Petroleum Corporation (up 6.81% to Rs 399.70), Bharat Petroleum Corporation (up 4.29% to Rs 538), and Indian Oil Corporation (up 1.11% to Rs 780.40), rose.
Among the side counters, Kinetic Engineering (up 20% to Rs 203.50), Forbes Gokak (up 20% to Rs 796.05), Pearl Fashions (up 20% to Rs 348.45), and Krone Communications (up 20% to Rs 265.70), surged
Era Constructions (down 10% to Rs 734.60), Atlas Copco (down 7.86% to Rs 1565), and Rallis India (down 7.20% to Rs 605.05), slipped
The 30-share BSE Sensex settled 120.10 points or 0.59% lower at 20,345.20.The fall in Nifty was much lower than the fall in Sensex. It declined marginally by 0.85 points or 0.01% to 6178.55. Nifty struck all-time high of 6230.15 today, 3 January 2008.
ement stocks declined on selling pressure after the Tamil Nadu state government on Wednesday warned cement companies that it would take over all cement factories in the state in the public interest if cement makers did not lower prices. Diversified company Grasim was the top loser from Sensex pack The stock lost 3.97% to Rs 3606.
ACC lost 1.80% to Rs 1004 after it posted 5.98% decline in cement dispatches to 1.57 million tonnes in December 2007 over December 2006. India Cements (down 2.93% to Rs 298) and Ambuja Cements (down 1.65% to Rs 146), wer4e the other losers.
Shares from oil drilling and exploration sector surged on the back of rally in crude price. India's biggest oil exploration company in terms of market capitalisation Oil & Natural Gas Corporation jumped 3.93% to Rs 1319.45 on 4.39 lakh shares.
Cairn India (up 4.79% to Rs 254.95), Selan Exploration Technology (up 20% to Rs 219.80), Asian Oilfield Services (up 5% to Rs 385.70), Jindal Drilling & Industries (up 2.48% to Rs 1521), and Aban Offshore (up 0.52% to Rs 5100.15), surged.
IT pivotals extended their recent fall. TCS (down 2.91% to Rs 1018.35), Wipro (down 2.90% to Rs 496.25), Satyam Computers (down 2.52% to Rs 425.50), and Infosys Technologies (down 1.95% to Rs 1715.20), also edged lower
India’s largest private sector bank in terms of net profit ICICI Bank lost 2.87% to Rs 1230.
India’s largest power generation company in terms of net profit, National Thermal Power Corporation surged 6.78% to Rs 274.70 on 65.24 lakh shares. It was the top gainer from Sensex pack.
India’s largest private sector power utility company in terms of net profit, Reliance Energy (REL) surged 6.13% to Rs 2513.40. The stock hit all-time high of Rs 2585 in late trade. As per reports, Reliance Power in which REL holds 50% stake, plans to raise as much as $3 billion in the nation's biggest initial public offering. Reliance Power, the power generating unit of REL will sell 26 crore shares at a price band of Rs 405 to Rs 450 per share.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries advanced 1.23% to Rs 2898. The stock recovered from session's low of Rs 2831.10. On BSE, 6.07 lakh shares were traded on the counter.
Oil marketing companies gained after petroleum Minister Murli Deora today, 3 January 2007 said fuel price hike was not the only solution for reducing the losses faced by public sector oil firms and the government will consider other options like excise duty cut. Hindustan Petroleum Corporation (up 6.81% to Rs 399.70), Bharat Petroleum Corporation (up 4.29% to Rs 538), and Indian Oil Corporation (up 1.11% to Rs 780.40), rose.
Among the side counters, Kinetic Engineering (up 20% to Rs 203.50), Forbes Gokak (up 20% to Rs 796.05), Pearl Fashions (up 20% to Rs 348.45), and Krone Communications (up 20% to Rs 265.70), surged
Era Constructions (down 10% to Rs 734.60), Atlas Copco (down 7.86% to Rs 1565), and Rallis India (down 7.20% to Rs 605.05), slipped
Labels: Nifty.Sensex
posted by SY at 8:52 PM
0 Comments:
Post a Comment
<< Home