Markets trading firm
The market surged in opening trade as Asian stocks rose with sentiment boosted by Microsoft Corp's bid for Yahoo Inc and following China's buy of a large stake in takeover target Rio Tinto.
The markets are trading near the high point of the day on buying seen in scrips across the board. Even the broader markets have participated in the uptrend giving it a very healthy breadth.At 13.35 pm, the Sensex is up 619.18 points or 3.39% at 18861.76, and the Nifty up 208.30 points or 3.92% at 5525.55.
The Finance Ministry on Friday, 1 February 2008 sought views from the public and other stakeholders on a set of measures proposed to strengthen the existing listing requirements. The Government now proposes to stipulate a public stake of 25% for a company to be listed and to continue to be listed on the stock exchanges.
Reliance Industries rose 3.37% to Rs 2627.20.India’s largest private sector bank by assets ICICI Bank rose 2.94% to Rs 1233.India’s largest engineering & construction firm by revenue Larsen & Toubro rose 2.24% to Rs 3805.
India’s second largest listed telecom firm by sales Reliance Communications spurted 5.63% to Rs 646 on reports its 95% owned subsidiary Reliance Telecom Infrastructure is planning to raise nearly Rs 5,000-6,000 crore through an initial public offering.
Among the other Sensex gainers, ONGC soared 6% to Rs 1107.50, Wipro gained 4.28% to Rs 456, DLF moved up 4.30% to Rs 850.70, Bharat Heavy Electricals (Bhel) flared up 3.91% to Rs 2146.10 and State Bank of India rose 3.96% to Rs 2270.
In Asia, key indices in China, Japan, South Korea, Singapore, and Taiwan were up between 2.03% to 6.23%.
US stocks rose on Friday, capping Wall Street's best week in almost five years, after Microsoft Corp's $44.6 billion bid for Yahoo Inc overshadowed news that employers cut payrolls for the first time since 2003.
The Dow Jones industrial average finished up 92.83 points, or 0.73% to 12,743.19. The Standard & Poor's 500 Index gained 16.87 points, or 1.22%, to 1,395.42. The Nasdaq Composite Index shot up 23.50 points, or 0.98% to 2,413.36.
Chalco, a unit of China’s state-owned Chinalco teamed up with US aluminium producer Alcoa Inc to buy a $14 billion stake in Rio, threatening BHP Billiton’s efforts to acquire Rio.
Foreign institutional investors sold shares worth a net Rs 126.93 crore on Friday, 1 February 2008. Domestic institutions sold shares worth a net Rs 115.4 crore on that day.
FIIs were net buyers to the tune of Rs 1,746.15 crore in the futures & options segment on Friday. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 1,266.09 crore and bought index options worth Rs 293.35 crore. They were net buyers of stock futures to the tune of Rs 195.57 crore and sold stock options worth Rs 8.85 crore.
The markets are trading near the high point of the day on buying seen in scrips across the board. Even the broader markets have participated in the uptrend giving it a very healthy breadth.At 13.35 pm, the Sensex is up 619.18 points or 3.39% at 18861.76, and the Nifty up 208.30 points or 3.92% at 5525.55.
The Finance Ministry on Friday, 1 February 2008 sought views from the public and other stakeholders on a set of measures proposed to strengthen the existing listing requirements. The Government now proposes to stipulate a public stake of 25% for a company to be listed and to continue to be listed on the stock exchanges.
Reliance Industries rose 3.37% to Rs 2627.20.India’s largest private sector bank by assets ICICI Bank rose 2.94% to Rs 1233.India’s largest engineering & construction firm by revenue Larsen & Toubro rose 2.24% to Rs 3805.
India’s second largest listed telecom firm by sales Reliance Communications spurted 5.63% to Rs 646 on reports its 95% owned subsidiary Reliance Telecom Infrastructure is planning to raise nearly Rs 5,000-6,000 crore through an initial public offering.
Among the other Sensex gainers, ONGC soared 6% to Rs 1107.50, Wipro gained 4.28% to Rs 456, DLF moved up 4.30% to Rs 850.70, Bharat Heavy Electricals (Bhel) flared up 3.91% to Rs 2146.10 and State Bank of India rose 3.96% to Rs 2270.
In Asia, key indices in China, Japan, South Korea, Singapore, and Taiwan were up between 2.03% to 6.23%.
US stocks rose on Friday, capping Wall Street's best week in almost five years, after Microsoft Corp's $44.6 billion bid for Yahoo Inc overshadowed news that employers cut payrolls for the first time since 2003.
The Dow Jones industrial average finished up 92.83 points, or 0.73% to 12,743.19. The Standard & Poor's 500 Index gained 16.87 points, or 1.22%, to 1,395.42. The Nasdaq Composite Index shot up 23.50 points, or 0.98% to 2,413.36.
Chalco, a unit of China’s state-owned Chinalco teamed up with US aluminium producer Alcoa Inc to buy a $14 billion stake in Rio, threatening BHP Billiton’s efforts to acquire Rio.
Foreign institutional investors sold shares worth a net Rs 126.93 crore on Friday, 1 February 2008. Domestic institutions sold shares worth a net Rs 115.4 crore on that day.
FIIs were net buyers to the tune of Rs 1,746.15 crore in the futures & options segment on Friday. According to data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 1,266.09 crore and bought index options worth Rs 293.35 crore. They were net buyers of stock futures to the tune of Rs 195.57 crore and sold stock options worth Rs 8.85 crore.
Labels: Nifty.Sensex
posted by SY at 2:07 PM
0 Comments:
Post a Comment
<< Home