Skip to main content

Day End Report

The Sensex opened marginally (15 points) lower at 14,563 and moved down by 42 points in early trade today on small selling activity in banking and metal stocks. The trading sentiment turned sluggish following reports of a weak trend in global markets.
.rightDiv2{float:right;position:relative;width:220px;BORDER:#787962 1px solid;padding:5px}

google_ad_client = "businessstandard";
google_ad_width = "200";
google_ad_height = "200";
google_ad_format = "200x200_as";
google_ad_type = "text";
google_ad_channel = "";
google_color_border = "F7F7F7";
google_color_bg = "ffffff";
google_color_link = "0253B7";
google_color_text = "000000";
google_color_url = "D63431";





Also Read

News Now
Paper
Specials
-
Sensex ends up 383pts; banking, realty stocks surge
-
Sebi receives proposals for currency futures
-
Bhel bags first order to supply 800 Mw supercritical boilers
-
Murdoch non-committal on tie up with Sakaal
-
Pilot alternate payment system for IPO by Aug-end: Bhave
-
Relaxation in ECB norms unlikely in near future:FinMin sources
More

Also Read

News Now
Paper
Specials
-
Pay panel awards may be deferred
-
Murdoch to take stake in Sakaal group`s Saam TV
-
`I remain convinced we can find a compromise`
-
Daiichi gets Sebi nod for Ranbaxy stake buy
-
Hindalco to restate Novelis` FY08 results
More

Also Read

News Now
Paper
Specials

-
Monsoon watch : Will the rains be adequate this year?
-
Fighting Inflation : Inflation at a 13-year high
-
Your Money : Personal finance
-
Credit Policy : RBI's monetary policy review
-
Tracking the downturn : Economic slowdown and its impact
-
Time Out : food, travel, sports, health...
More
The index gyrated between zones till mid-noon trades wherein the index touched a low of 14,529. Aggressive buying on the back of further drop in crude oil prices saw the index rally sharply in late noon trades. The US crude oil dropped to a low of $118 per barrel in Asian trades today.
Banking, cement, realty and capital goods stocks led the rally as the Sensex surged to a high of 14,987 - up 458 points from the day's low. The Sensex finally ended with a gain of 383 points at 14,961.
The BSE Bankex rallied 6.7% (450 points) to 7,218, and the Realty index surged 6.6% (343 points) to 5,575. The Auto index advanced over 4% (151 points) to 3,819. The BSE Metal index, however, slipped 1.9% (259 points) to 13,265.
The market breadth was fairly positive - out of 2,767 stocks traded, 1,786 advanced, 921 declined and 60 were unchanged today.
The NSE Nifty settled above the 4,500-mark at 4,503 - up 108 points.

ICICI Bank zoomed over 8% to Rs 693. HDFC Bank rallied nearly 7% to Rs 1,184, and SBI added 4.6% to Rs 1,579.
DLF soared 7.7% to Rs 553. Jaiprakash Associates surged 6% to Rs 185, and Reliance Infrastructure advanced over 4% to Rs 1,043.
Maruti rallied 7.4% to Rs 614. Mahindra & Mahindra gained 5.5% at Rs 548, and Tata Motors was up 3.2% at Rs 409.
Grasim surged 6.5% to Rs 2,019. ACC spurted over 5% to Rs 616.
NTPC, Wipro and HDFC moved up around 4% each to Rs 182, Rs 448 and Rs 2,465, respectively.
BHEL and Bharti Airtel rallied around 3% each to Rs 1,770 and Rs 840, respectively.
Hindustan Unilever gained 2.5% at Rs 240. ONGC advanced over 2% to Rs 1,002.
TCS and Larsen & Toubro advanced 1.7% each to Rs 831 and Rs 2,699, respectively. Reliance added 1.5% to Rs 2,276.
Infosys, ITC and Satyam were up over 1% each at Rs 1,677, Rs 190 and Rs 400, respectively.

Sterlite slumped 6.8% to Rs 582. Tata Steel shed 2.3% at Rs 676.
Tata Power and Ranbaxy dropped around 1.5% each to Rs 1,101 and Rs 516, respectively.

Comments

Popular posts from this blog

Jyoti Structures bags Rs 253 cr worth orders

Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.

Company News

ITI Ltd seeks Rs2,000 crore aid from government (Live mint.com 26th Dec 2007) The funds are being sought to wipe out accumulated losses of Rs2,225 crore and to obtain working capital for telecom equipment manufacturing. According to a company official who did not wish to be named, a committee has been set up by the Centre to finalize the package. More

Inflation hits 42-week high of 7.57%

Inflation rose to a 42-week high of 7.57 per cent in the 12 months to April 19, higher than the previous week’s annual rise of 7.33 per cent, largely on account of an increase in food, metal products and industrial fuel prices, official data showed. Analysts said that the inflation of 7.57 per cent was “slightly higher” than their expectations and this could be due to price increase in tea and certain items in the steel group. India’s wholesale price index (WPI) based inflation now stood highest since November 13, 2004, when it was 7.68 per cent. Economists expressed confidence that the recent fiscal and monetary measures would yield results in the coming weeks. They, however, noted that inflation was unlikely to return to the comfort zone of the Reserve Bank of India any time this fiscal. “There could be some easing of food inflation given the good wheat production and likelihood of good monsoon. I see some temporary relief on food side. But commodities are tough to predict. The infla...