Thursday, October 14, 2010

Sensex trades in narrow range; tech gains

 
The Sensex was trading at 20693, up 5 points and the Nifty was at 6234, up 0.95 points. The broader indices were outperforming benchmarks; were up 0.3-0.5%. The October futures were trading at 35 points premium.
Top gainers - Tata Steel was trading at Rs 654.90, up 2.64%; Wipro was at Rs 494.10, up 2.36%; Infosys was at Rs 3,192.55, up 1.31%; Jaiprakash Associates was at Rs 136.25, up 1.08%; Jindal Steel was at Rs 726.30, up 1.03%; Sesa Goa was at Rs 372.40, up 3.69% and Ambuja Cements was at Rs 145.20, up 1.36%.
Top losers - BPCL was trading at Rs 733.15, down 3.65%; L&T was at Rs 2,027.40, down 2.44%; Reliance Communications was at Rs 184.45, down 1.42%; NTPC was at Rs 205.25, down 1.35%; Reliance Power was at Rs 164.25, down 1.26%; Cipla was at Rs 336.30, down 0.94% and ONGC was at Rs 1,367.25, down 0.86%.
New Listings
Sea TV Network was trading at Rs 109.60, up 9.60% over issue price of Rs 100 a share.
Ashoka Buildcon was trading at Rs 347.40, up 7.22% ove IPO price of Rs 324 a share.
Bedmutha Industries was trading at at Rs 112.90, up 10.69% over issue price of Rs 102 a share.
In midcap space, United Bank, Rashtriya Chemical, Chambal Fertiliser, National Fertiliser and Allcargo Global were up 4.5-7.5% while Honeywell Automation, Apollo Hospital, IBN18 Broadcast, UTV Software and M&M Financial lost 2.5-4.7%.
In smallcap space, Cosmo Films, Sujana Metal, India Glycols, Gulf Oil Corp and Indian Hume Pipe rallied 6-13% while Subhkam Capital, Kanani Industries, Kajaria Ceramic, Supreme Petro and Gateway Distripark fell 3.6-5%.
About 1655 shares advanced while 1627 shares declined on BSE. Nearly 146 shares were unchanged
At 12:50 hours IST - the 30-share BSE Sensex was trading in a narrow range of 20650-20750, which was around its previous closing value. Technology (ahead of Infosys numbers on Friday), FMCG, select metal and auto companies' shares along with Reliance Industries, DLF, Tata Power and Dr Reddys Labs were quite supportive to the benchmarks.
However, consistent selling in capital goods, power, financial, telecom and PSU oil & gas companies' shares capped almost all gains.

1 comment:

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