At 10:20 IST, the 30-share BSE Sensex gained 96.90 points or 0.51% to 19,224.63. The Sensex hit a high of 19,316.76 in early trade. At day’s high, the Sensex gained 189.03 points.
The broader based S&P CNX Nifty was up 24.4 points or 0.43% to 5722.55.
The BSE Mid-Cap index was up 0.97% to 8,474.54. The BSE Small-Cap index was up 1.19% to 10,495.82.
The market breadth was strong. On BSE, 1275 stocks advanced, 427 stocks declined and 31 stocks remained unchanged.
India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 0.18% to Rs 2837.
India’s largest private sector bank by assets ICICI Bank moved up 1.34% to Rs 1147.60. The bank has reportedly carried out the largest rated securitisation transaction for Rs 1,929.9 crore — a process that involves converting the bank’s car loans into tradeable securities.
India’s second largest software exporter Infosys Technologies gained 0.79% to Rs 1588.25.
HDFC bank jumped 2.48% to Rs 1673, Bharat Heavy Electricals (Bhel) rose 2.70% to Rs 2745, Bharti Airtel gained 1.04% to Rs 926, Maruti Suzuki rose 1.32% to Rs 949.92 and Tata Motors moved up 0.76% to Rs 722.
Housing Development Finance Corporation (HDFC) fell 0.37% to Rs 2690, State Bank of India fell 0.48% to Rs 2262.30, ITC declined 0.30% to Rs 185.50, Grasim Industries 0.39% to Rs 3730 and Wipro fell 0.21% to Rs 456.80.
The BSE Bankex was up 1% to 10,600.22, the BSE Consumer Durable index was up 2.40% to 5,332.53 and the BSE Power index rose 0.99% to 4,390.56.
Asian stock markets were mixed on Wednesday, 28 November 2007, with a confidence-boosting $7.5 billion capital injection for Citigroup offset by a fall in resource shares as commodity prices slid. On Tuesday, Abu Dhabi Investment Authority said it was buying a 4.9% stake in Citigroup, which is wrestling with the fallout from the US subprime mortgage crisis.
Key benchmark indices in South Korea, Japan, and Taiwan were down by between 0.03% to 0.41%. Key benchmark indices in China, Hong Kong and Singapore were up by between 0.45% to 0.58%.
US stocks rose on Tuesday, 27 November 2007, after Abu Dhabi's $7.5 billion purchase of a stake in Citigroup Inc spurred a rebound in financial stocks and a drop in oil prices boosted shares of big manufacturers. The Dow Jones industrial average was up 215 points, or 1.69%, at 12,958.44. The Standard & Poor's 500 Index was up 21.01 points, or 1.49% at 1,428.23. The Nasdaq Composite Index was up 39.81 points, or 1.57%, at 2,580.80.
Foreign institutional investors (FIIs) were net sellers to the tune of Rs 465 crore in the futures & options segment on Tuesday, 27 November 2007. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 11.84 crore and bought index options worth Rs 75.36 crore. They were net sellers of stock futures to the tune of Rs 529.05 crore and bought stock options worth Rs 0.54 crore.
In the cash market, FIIs sold shares worth a net Rs 498.35 crore on Tuesday. Domestic institutions bought shares worth a net Rs 298.33 crore on Tuesday.
FII outflow in November 2007, till 26 November 2007, reached Rs 4158.60 crore. FIIs had made heavy purchases in September 2007 and October 2007. FIIs had bought shares worth a net Rs 16132.60 crore in September 2007 and Rs 20590.90 crore in October 2007.
No comments:
Post a Comment