The market opened on a firm note boosted by Reliance Power’s surprise announcement of bonus issue on Sunday, 17 February 2008. However it was not able to sustain at higher level and slipped in the red. Asian markets were trading mixed today, 18 February 2008. The market breadth was strong on BSE. Power generation stocks rose. However IT pivotals slipped.
At 10:29 IST, the 30-share BSE Sensex was down 32.04 points or 0.18% at 18,083.21. 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 low of 18,035.61, the Sensex lost 79.64 points.
The broader based S&P CNX Nifty was down 14.08 points or 0.28% at 5,286.50.
The market breadth was strong on BSE: 1,326 shares advanced as compared to 425 that declined. 32 shares remained unchanged. 17 out of 30 Sensex stocks advanced.
The total turnover amounted to Rs 670 crore on BSE
India’s largest private sector steel maker in terms of total production Tata Steel surged 3.12% to Rs 844 on 2.44 lakh shares. It was the top gainer from Sensex pack.
National Thermal Power Corporation (up 2.25% to Rs 208.65), Reliance Energy (up 2.08% to Rs 1745), and Ranbaxy Laboratories (up 1.73% to Rs 403), were the other gainers from Sensex pack.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) was up 0.13% to Rs 2593.95 on 57,268 shares.
India’s largest oil exploration company in terms of market capitalisation Oil & Natural Gas Corporation slipped 2.39% to Rs 1008.65. It was the top loser from Sensex pack.
IT pivotals slipped on fresh selling. Infosys Technologies (down 0.82% to Rs 1551.90), TCS (down 0.63% to Rs 863), Wipro (down 1.25% to Rs 415), and Satyam Computers (down 0.45% to Rs 436.25), edged lower
Reliance Power surged 9.89% to Rs 422.75 on high early volumes of 36.21 lakh shares after it scheduled board 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 when the company was listed a week ago. The stock has been consistently trading at a discount to IPO price of Rs 450, since its listing on 11 February 2008.
Asian markets were trading mixed today, 18 February 2008. Japan's Nikkei (up 0.10% at 13,635.72), Taiwan's Taiwan Weighted index (up 0.36% at 7,904.69) and China’s Shanghai Composite index (up 1.42% to 4,561.35), edged higher. However, South Korea's Seoul Composite index (down 0.35% at 1,688.86), Hong Kong's Hang Seng (down 0.96% at 23,915.47), Singapore's Straits Times index (down 0.28% at 3,080.12), 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.
No comments:
Post a Comment