The market recovered from lower level in early afternoon trade. Earlier today after a firm start the market had lost ground on selling pressure at higher level. A firm opening was triggered by Reliance Power's surprise announcement on Sunday, 17 February 2008, that it would consider bonus issue. The benchmark index, BSE Sensex, dipped below 18,000 mark only to regain that level as buying support emerged at lower level.
Reliance Power soared on high volumes. The market breadth was positive. Asian markets were trading mixed.
At 12:29 IST, the 30-share BSE Sensex was down 45.42 points or 0.25% at 18,073.15. Sensex lost 129.94 points at the day's low of 17,985.31, hit in mid-morning trade. It opened 112.96 points higher at 18,228.21 and advanced to hit a high of 18,256.82 in early trade. At the day's high, Sensex rose 141.57 points.
The broader based S&P CNX Nifty was down 16.85 points or 0.32% at 5,286.05.
The market breadth was positive on BSE: 1,761 shares advanced as compared to 775 that declined. 48 shares remained unchanged. 17 out of 30 Sensex stocks declined.
The total turnover on BSE amounted to Rs 2287 crore as compared to Rs 1539 by 11:30 IST
Reliance Power surged 8.58% to Rs 417.70, off day’s high of Rs 429.60. The counter saw high volumes of 67.76 lakh shares on BSE. The company said on Sunday, 17 February 2008, its board would meet on Sunday, 24 February 2008, to decide bonus ratio. The bonus shares will be issued to non-promoter shareholders to compensate the losses suffered by them when the company was listed last week. The stock has been consistently trading at a discount to IPO price of Rs 450, since its listing on 11 February 2008.
India’s top truck marker in terms of sales, Tata Motors slipped 2.75% to Rs 730.45 on 32,765 shares. It was the top loser from Sensex pack.
ITC (down 1.48% to Rs 200), Bharat Heavy Electrical (down 1.76% to Rs 2221.50), and DLF (down 1.48% to Rs 865.80), were the other losers from Sensex pack.
Reliance Energy, the country’s largest private sector power utility company in terms of sales, rose 2.60% to Rs 1753.90. It was the top gainer from Sensex pack. Reliance Energy holds about 45% stake in Reliance Power.
Tata Steel (up 1.53% to Rs 831), and ICICI Bank (up 2.01% to Rs 1215), were the other gainers from Sensex pack.
India’s largest private sector engineering company in terms of outstanding order book position, Larsen & Toubro rose 0.20% to Rs 3543 after the company said on Monday, 18 February 2008, it has bagged an order worth Rs 1250 crore from Oil & Natural Gas Corporation. The company made this announcement before market hours today, 18 February 2008.
Bajaj Auto, the country’s second largest bike maker in terms of sales, rose 0.80% to Rs 2191.95 after the Madras High Court on Saturday, 16 February 2008, restrained TVS Motor Company from manufacturing and selling 125 cc ‘Flame’ motorcycles by using the technology/invention described in the patent granted to Bajaj Auto. TVS Motor Company stock was down 2.12% to Rs 39.15.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) was down 0.68% to Rs 2572.90 on 2.21 lakh shares. The stock moved in a range of Rs 2552 and Rs 2650 so far during the day.
IT pivotals stayed subdued. Infosys Technologies (down 0.40% to Rs 1558.55), TCS (down 1.43% to Rs 859), Wipro (down 1.56% to Rs 413.20), and Satyam Computers (down 1.22% to Rs 432.85), edged lower
KNR Constructions was hovering at Rs 160 on BSE, a discount of 5.88% over IPO price of Rs 170. The stock debuted at Rs 180, a premium of 5.8% over the IPO price. The stock hit a low of Rs 155.65 and high of Rs 199, so far in the day. On BSE, 37.19 lakh shares changed hands in the counter.
DMC International rose 4.81% to Rs 21.80 after a group company Swen Realty & Media entered into an agreement with Global Infocom to acquire an online portal.
India Foils surged 5% to Rs 16.40 after the company said Madras Aluminium Company, the promoter of the company, has decided to join hands with Eee Dee Aluminium to work towards the revival of the company.
Asian markets were trading mixed today, 18 February 2008. Japan's Nikkei (up 0.09% at 13,635.40), Taiwan's Taiwan Weighted index (up 0.18% at 7,890.90), South Korea's Seoul Composite index (up 0.09% at 1,696.24), and China’s Shanghai Composite index (up 1.74% to 4,575.44), edged higher. However, Hong Kong's Hang Seng (down 0.90% at 23,930.09), Singapore's Straits Times index (down 0.09% at 3,085.95), declined.
US markets ended Friday’s, 15 February 2008 trade on mixed note after economic reports offered bleak views on everything from manufacturing to consumer sentiment. The Dow Jones industrial average declined 28.77 points, or 0.23%, to 12,348.21. The S&P 500 index gained 1.13 points, or 0.08%, to 1,349.99. The Nasdaq Composite index was down 10.74 points, or 0.46%, to 2,321.80.
Back home, the 30-share BSE Sensex jumped 348.62 points or 1.96% at 18,115.25 on Friday, 15 February 2008. The broader CNX S&P Nifty was up 100.90 points or 1.94% at 5302.90 on that day.
The market ended its four-week losing streak to post gains in the week ended Friday, 15 February 2008 as global markets rallied following an unexpected rise in US retail sales in January 2008. The BSE Sensex surged 650.36 points or 3.72% to 18,115.25 in the week ended Friday, 15 February 2008. S&P CNX Nifty rose 182.55 points or 3.56% to 5,302.90 in the week.
As per provisional data, foreign institutional investors (FIIs) purchased shares worth Rs 261.20 crore on Friday, 15 February 2008. Domestic institutional investors (DIIs) were net buyers of shares worth Rs 138.66 crore on that day.
FIIs were net buyers to the tune of Rs 174.42 crore in the futures & options segment on Friday, 15 February 2008. They were net buyers of index futures to the tune of Rs 205.57 crore and sold index options worth Rs 5.29 crore. They were net sellers of stock futures to the tune of Rs 40.30 crore and bought stock options worth Rs 14.44 crore.
India's wholesale price index rose 4.07% in the 12 months to 2 February 2008, marginally lower than the previous week's rise of 4.11%, government data released on Friday, 15 February 2008 showed.
Reliance Power soared on high volumes. The market breadth was positive. Asian markets were trading mixed.
At 12:29 IST, the 30-share BSE Sensex was down 45.42 points or 0.25% at 18,073.15. Sensex lost 129.94 points at the day's low of 17,985.31, hit in mid-morning trade. It opened 112.96 points higher at 18,228.21 and advanced to hit a high of 18,256.82 in early trade. At the day's high, Sensex rose 141.57 points.
The broader based S&P CNX Nifty was down 16.85 points or 0.32% at 5,286.05.
The market breadth was positive on BSE: 1,761 shares advanced as compared to 775 that declined. 48 shares remained unchanged. 17 out of 30 Sensex stocks declined.
The total turnover on BSE amounted to Rs 2287 crore as compared to Rs 1539 by 11:30 IST
Reliance Power surged 8.58% to Rs 417.70, off day’s high of Rs 429.60. The counter saw high volumes of 67.76 lakh shares on BSE. The company said on Sunday, 17 February 2008, its board would meet on Sunday, 24 February 2008, to decide bonus ratio. The bonus shares will be issued to non-promoter shareholders to compensate the losses suffered by them when the company was listed last week. The stock has been consistently trading at a discount to IPO price of Rs 450, since its listing on 11 February 2008.
India’s top truck marker in terms of sales, Tata Motors slipped 2.75% to Rs 730.45 on 32,765 shares. It was the top loser from Sensex pack.
ITC (down 1.48% to Rs 200), Bharat Heavy Electrical (down 1.76% to Rs 2221.50), and DLF (down 1.48% to Rs 865.80), were the other losers from Sensex pack.
Reliance Energy, the country’s largest private sector power utility company in terms of sales, rose 2.60% to Rs 1753.90. It was the top gainer from Sensex pack. Reliance Energy holds about 45% stake in Reliance Power.
Tata Steel (up 1.53% to Rs 831), and ICICI Bank (up 2.01% to Rs 1215), were the other gainers from Sensex pack.
India’s largest private sector engineering company in terms of outstanding order book position, Larsen & Toubro rose 0.20% to Rs 3543 after the company said on Monday, 18 February 2008, it has bagged an order worth Rs 1250 crore from Oil & Natural Gas Corporation. The company made this announcement before market hours today, 18 February 2008.
Bajaj Auto, the country’s second largest bike maker in terms of sales, rose 0.80% to Rs 2191.95 after the Madras High Court on Saturday, 16 February 2008, restrained TVS Motor Company from manufacturing and selling 125 cc ‘Flame’ motorcycles by using the technology/invention described in the patent granted to Bajaj Auto. TVS Motor Company stock was down 2.12% to Rs 39.15.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) was down 0.68% to Rs 2572.90 on 2.21 lakh shares. The stock moved in a range of Rs 2552 and Rs 2650 so far during the day.
IT pivotals stayed subdued. Infosys Technologies (down 0.40% to Rs 1558.55), TCS (down 1.43% to Rs 859), Wipro (down 1.56% to Rs 413.20), and Satyam Computers (down 1.22% to Rs 432.85), edged lower
KNR Constructions was hovering at Rs 160 on BSE, a discount of 5.88% over IPO price of Rs 170. The stock debuted at Rs 180, a premium of 5.8% over the IPO price. The stock hit a low of Rs 155.65 and high of Rs 199, so far in the day. On BSE, 37.19 lakh shares changed hands in the counter.
DMC International rose 4.81% to Rs 21.80 after a group company Swen Realty & Media entered into an agreement with Global Infocom to acquire an online portal.
India Foils surged 5% to Rs 16.40 after the company said Madras Aluminium Company, the promoter of the company, has decided to join hands with Eee Dee Aluminium to work towards the revival of the company.
Asian markets were trading mixed today, 18 February 2008. Japan's Nikkei (up 0.09% at 13,635.40), Taiwan's Taiwan Weighted index (up 0.18% at 7,890.90), South Korea's Seoul Composite index (up 0.09% at 1,696.24), and China’s Shanghai Composite index (up 1.74% to 4,575.44), edged higher. However, Hong Kong's Hang Seng (down 0.90% at 23,930.09), Singapore's Straits Times index (down 0.09% at 3,085.95), declined.
US markets ended Friday’s, 15 February 2008 trade on mixed note after economic reports offered bleak views on everything from manufacturing to consumer sentiment. The Dow Jones industrial average declined 28.77 points, or 0.23%, to 12,348.21. The S&P 500 index gained 1.13 points, or 0.08%, to 1,349.99. The Nasdaq Composite index was down 10.74 points, or 0.46%, to 2,321.80.
Back home, the 30-share BSE Sensex jumped 348.62 points or 1.96% at 18,115.25 on Friday, 15 February 2008. The broader CNX S&P Nifty was up 100.90 points or 1.94% at 5302.90 on that day.
The market ended its four-week losing streak to post gains in the week ended Friday, 15 February 2008 as global markets rallied following an unexpected rise in US retail sales in January 2008. The BSE Sensex surged 650.36 points or 3.72% to 18,115.25 in the week ended Friday, 15 February 2008. S&P CNX Nifty rose 182.55 points or 3.56% to 5,302.90 in the week.
As per provisional data, foreign institutional investors (FIIs) purchased shares worth Rs 261.20 crore on Friday, 15 February 2008. Domestic institutional investors (DIIs) were net buyers of shares worth Rs 138.66 crore on that day.
FIIs were net buyers to the tune of Rs 174.42 crore in the futures & options segment on Friday, 15 February 2008. They were net buyers of index futures to the tune of Rs 205.57 crore and sold index options worth Rs 5.29 crore. They were net sellers of stock futures to the tune of Rs 40.30 crore and bought stock options worth Rs 14.44 crore.
India's wholesale price index rose 4.07% in the 12 months to 2 February 2008, marginally lower than the previous week's rise of 4.11%, government data released on Friday, 15 February 2008 showed.
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