Wednesday, June 18, 2008

Mkts: Zee Entertainment sparkles - June 18, 2008

The benchmark indices Sensex and Nifty, which slipped into the red after opening higher, emerged into the positive territory again thanks to resumption of buying in a few blue chip stocks. However, due to lack of support at higher levels, the indices have drifted down into the negative zone once again.

At 15,665.24, the Sensex is down with a loss of 34.29 points or 0.22% at present. The Nifty is up with a small gain of 2.15 points at 4655.15.

Zee Entertainment has rallied smartly to Rs 248.75, recording a handsome gain of 6.2%. Ranbaxy Laboratories is up by around 4.25% at Rs 606.40. Suzlon Energy has notched up nearly 4% at Rs 254.

Ambuja Cements, ACC and Grasim Industries, the cement pivotals, have gained 3.95%, 3.35% and 2.85% respectively.

Reliance Communications, HDFC, DLF, Reliance Infrastructure, NTPC, Tata Power, Idea Cellular, Power Grid, Hindalco, SAIL, BPCL, Unitech, Sterlite Industries and Tata Communications have also posted strong gains.

HDFC Bank, Sun Pharmaceuticals, HCL Technologies, ICICI Bank, Hero Honda, Wipro, State Bank of India Tata Consultancy Services, ONGC, Hindustan Unilever, Satyam Computer Services, Infosys Technologies, Dr. Reddy's Laboratories, Bharti Airtel and Larsen & Toubro are down with sharp to moderate losses.

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