Skip to main content

Day End Report

The Sensex opened 42 points lower at 15,032, and soon touched a low of 14,993. The index, thereafter, rebounded into the positive zone and touched a high of 15,280 - up 287 points from the day's low - amid alternate bouts of buying and selling.
For the second consecutive day, the index eventually pared gains and settled with a marginally higher (44 points) at 15,117.
The market breadth was marginally positive - out of 2,785 stocks traded, 1,412 moved up, 1,280 declined and 93 were unchanged today.
The NSE Nifty moved up six points to end at 4,524.

Sterlite soared 4.4% to Rs 614. Tata Motors surged over 4% to Rs 444.
HDFC rallied 3.4% to Rs 2,477, and HDFC Bank added 3% to Rs 1,254.
Grasim, Mahindra & Mahindra and Maruti gained 2.5% each at Rs 2,089, Rs 576 and Rs 669, respectively.
Satyam moved up 2.3% to Rs 417. DLF and NTPC advanced 1.8% each to Rs 555 and Rs 183, respectively.
Infosys, Reliance Infrastructure and Jaiprakash Associates were up over 1% each at Rs 1,721, Rs 1,024 and Rs 187, respectively.


BHEL dropped nearly 3% to Rs 1,775. Bharti Airtel shed 2.3% at Rs 850.
Reliance Communications and Ranbaxy slipped 1.7% each to Rs 439 and Rs 504, respectively.
Hindustan Unilever declined 1.5% to Rs 242. Wipro, Tata Power and Reliance were down over 1% each at Rs 449, Rs 1,050 and Rs 2,271, 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...