The market pares its early gains as the investors are taking calculated steps in booking their positions. The market got a boost early session led by the finance minister''s statement on Tuesday that the recent fall in the stock market was not due to the FIIs but the fall could be attributed to subprime crisis in line with expected recession in US and firming up of oil prices.
The market will remain closed from 11:45 IST to 12:25 IST due to sun outage. Trading time has been extended till 16:15 IST. The changes in timings will be applicable from today to 18 March 2008.
At 11.34AM, BSE Sensex is trading lower by 20 points at 16,320 and NSE Nifty is trading marginally up by 0.55 points at 4,864.80
Leading the rally from he gainers pack are Nestle India trading up by (3%) at Rs1475.05 in line with Satyam by (2.64%) at Rs471.30, Dr Reddy''s lab by (2.56%) at Rs571.90, BPCL by (2.39%) at Rs447, Tata Chemicals by (2.35%) at Rs326.50, Infosys by (2.33%) at Rs1453.
The Oil and Gas is trading higher by 71.66 points at 10,237.78. Pushing it are BPCL is trading up by (2.82%) at Rs448.85 in line with ONGC by (2.3%) at Rs979.15, IOCL by (1.21%) at Rs531.50, HPCL by (0.60%) at Rs286.10, Aban Offshore by (0.37%) at Rs3750.10.
The IT index is trading up by 70.82 points at 3,685.23 as Satyam is trading higher by (2.64%) at Rs471.30 in line with Infosys by (2.6%) at Rs1454.90, Aptech by (2.50%) at Rs219, HCL Tech by (2.01%) at Rs273.50, Tech Mahindra by (1.57%) at Rs672.75.
Infosys is trading up by (2.60)% at Rs1454.90 as the company is looking for opportunities for acquisitions in the markets of Europe and Japan within a price band of $200-$300mn to energise its non-linear business strategy. It is targeting companies engaged in consulting, BPO.ONGC is trading higher by (2.3%) at Rs979.15 as the government has approved the compnay''s subsidiary ONGC Videsh''s investment of $102.21 mn in a Qatar based project and also its formation of a joint venture with CVP/ petroleos De Venezuela SA.
The market will remain closed from 11:45 IST to 12:25 IST due to sun outage. Trading time has been extended till 16:15 IST. The changes in timings will be applicable from today to 18 March 2008.
At 11.34AM, BSE Sensex is trading lower by 20 points at 16,320 and NSE Nifty is trading marginally up by 0.55 points at 4,864.80
Leading the rally from he gainers pack are Nestle India trading up by (3%) at Rs1475.05 in line with Satyam by (2.64%) at Rs471.30, Dr Reddy''s lab by (2.56%) at Rs571.90, BPCL by (2.39%) at Rs447, Tata Chemicals by (2.35%) at Rs326.50, Infosys by (2.33%) at Rs1453.
The Oil and Gas is trading higher by 71.66 points at 10,237.78. Pushing it are BPCL is trading up by (2.82%) at Rs448.85 in line with ONGC by (2.3%) at Rs979.15, IOCL by (1.21%) at Rs531.50, HPCL by (0.60%) at Rs286.10, Aban Offshore by (0.37%) at Rs3750.10.
The IT index is trading up by 70.82 points at 3,685.23 as Satyam is trading higher by (2.64%) at Rs471.30 in line with Infosys by (2.6%) at Rs1454.90, Aptech by (2.50%) at Rs219, HCL Tech by (2.01%) at Rs273.50, Tech Mahindra by (1.57%) at Rs672.75.
Infosys is trading up by (2.60)% at Rs1454.90 as the company is looking for opportunities for acquisitions in the markets of Europe and Japan within a price band of $200-$300mn to energise its non-linear business strategy. It is targeting companies engaged in consulting, BPO.ONGC is trading higher by (2.3%) at Rs979.15 as the government has approved the compnay''s subsidiary ONGC Videsh''s investment of $102.21 mn in a Qatar based project and also its formation of a joint venture with CVP/ petroleos De Venezuela SA.
No comments:
Post a Comment