Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article


Home > Business > Business Headline > Report





Sunday trade: Sensex ends 12 pts up at 10413

June 25, 2006 12:58 IST

The markets ended with modest gains on Sunday's special trading session. The Sensex gained 11.63 points or 0.11% to end at 10,412.93. It touched an intraday high of 10,510.07 and an intraday low of 10,367.04.

The Nifty also closed up 7.40 points or 0.25% at 3050.30. It touched an intraday high of 3083 and an intraday low of 3035.95.

The BSE Small Cap Index also closed up 79.92 points or 1.44% at 5,613.43. The BSE Midcap Index also ended up 45.95 points or 1.04% at 4,467.08.

The total market breadth was positive, about 1428 shares advanced, 557 shares declined, and 38 shares remained unchanged.

Tata Steel, ONGC, Dr Reddy's Labs, Ranbaxy Labs, Wipro, SAIL and BPCL were the biggest gainers.
However, top losers were HDFC Bank, SBI, Bharti Airtel, Reliance Energy, ACC, Shipping Corp, Jet Airways and Nalco.

Sunday special trading

  • Sensex, Nifty end in the green due to adjustments
  • Sensex up 11.6 points, Nifty up 7.6 points
  • Steel stocks up ahead of arcelor board meet
  • Tata Coffee up 20% on US acquisition of Eight O'Clock coffee company
  • IndusInd Bank up 7.5% on reports of stake sale
  • Total market turnover at Rs 5327.66 crore
  • Turnover on BSE cash at Rs 480.5 crore, NSE Cash Rs 842 crore
  • Turnover on NSE F&O at Rs 4,004.9 crore

Metals were the biggest gainer due to Mittal Arcelor news despite of weakness in markets in the last trade. The BSE Metal Index gained 2.29% or 189.71 points at 8,482.55 due to buying in Welspun Guj, Jindal Saw, Tata Steel, SAIL, Sterlite Ind, Jindal Steel and Guj NRE Coke.

The BSE Healthcare Index also ended in green as gains were seen in Apollo Hospitals, FDC, Divis Labs, Sterling Bio, Wyeth, Pfizer, GSK Pharma, Nicholas Piramal, Ranbaxy Labs, Dr Reddy's Labs, Matrix Lab, Cadila Healthcare, Wockhardt, Lupin, Biocon and Novartis India.

Consumer durables stocks like Samtel Color, Su-Raj Diamonds, Whirlpool, Titan Industries and BPL also finished positive. The BSE Consumer Durables Index moved up 0.79% at 2,777.83.

Some gains were also seen in technology, auto, capital goods, oil & gas and FMCG stocks.
However, banking stocks lost ground.

Sensex @ 11.19 a.m

The markets were volatile. At 11:19 am, the Sensex was up 13 points at 10414. The Nifty was up 9 points at 3052.

Tata Steel, ONGC, Hero Honda, Dr Reddy's Labs, SAIL and Wipro were the biggest gainers on indices.

However, top losers were SBI, Reliance Energy, Reliance, HDFC Bank, Jet Airways, Shipping Corp and Nalco.

The BSE Metal Index was up over 2.50% due to Mittal-Arcelor news.

Pharma, consumer durables, capital goods, FMCG, technology and auto stocks have gained.

Sensex @ 10:31 a.m

The markets have opened on positive note, which continue its gains. At 10:31 am, the Sensex was up 101.37 points at 10502. The Nifty was up 35 points at 3078. TCS, Allcargo, Wipro, Ashok Leyland, Ranbaxy, Tata Steel, SAIL, Tata Tea, Zee Tele, ONGC, Tata Coffee, Hero Honda, OBC and GAIL were the biggest gainers in the morning trade.

The NSE Nifty up 19 points at 3061.

However, Jet Airways and Shipping Corp were down little bit.

Wall Street ended with modest loss on Friday, Dow Jones slipped 30 points.

Corporate news:

  • Tata Coffee acquires US-based eight O'Clock coffee co for $220 million
  • EOC had net sales of $109 million, EBITDA of $27 million in 2005
  • ANZ likely to pick up 14% stake in IndusInd Bank
  • Anil Ambani says RIL violating non-compete agreement; Mukesh Ambani denies accusations
  • Aditya Birla Nuvo buys Canada-based Minacs for $125 million

Jet-Sahara

  • Jet has borne over Rs 220 crore (Rs 2.20 billion) of Sahara's losses
  • Jet had agreed to share Sahara's losses starting January 2006
  • Air Sahara losses in Jan-June period over Rs 450 crore (Rs 4.50 billion)
  • Losses is one reason why Jet wanted to renegotiate prices

Other

  • USFDA issues warning to Ranbaxy on deviations from current good manufacturing practices at Paonta Sahib
  • US court dismisses Novartis' appeal to block generic Zocor sale
  • Dr Reddy's launches generic version of Zocor
  • Ranbaxy gets USFDA nod for Simvastatin 80 mg
  • Dr Reddy's says generic Zocor being sold below 60% on day 1 of patent expiry
  • Ranbaxy expects patients shifting from Lipitor to Zocor
  • ITC Hotels planning to set up 2 properties in Bangalore for an investment of Rs 1000 crore (Rs 10 billion)
  • Inox Leisure to acquire Calcutta Cine (A multiplex)
  • United Western Bank Q4
  • Net loss at Rs 66 crore (Rs 660 million) versus loss of Rs 68 crore (Rs 680 million)
  • Net Int Income at Rs 46.2 crore (Rs 462 million) versus Rs 35.9 crore (Rs 359 million)

For more, log on to http://www.moneycontrol.com





Share your comments


Advertisement






Copyright 2006 Rediff.com India Limited. All Rights Reserved.