Monday, November 26, 2007

Mundra Port and Special Economic Zone Ltd shares listed today

Effective from November 27, 2007, the equity shares of Mundra Port and Special Economic Zone Ltd (Scrip Code: 532921) are listed and admitted to dealings on the Exchange in the list of 'B1' Group Securities.

Mundra Port and Special Economic Zone Ltd opened at Rs 770 on the NSE, up 75 per cent from its initial public offer price of Rs 440. On the Bombay Stock Exchange, it opened at Rs 1,100. The stock rules the chart with a turnover of 1767 crore.

The BSE benchmark Sensex on Tuesday fell by 184 points in the initial five minutes of trade on selling by funds due to renewed credit concerns in the global market.

Thursday, November 22, 2007

Sensex Gains over 300 points


Just after the bell, the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was up 318 points at 18,844.- The 30-share index, which had lost nearly 76 points yesterday, shot up by 331.42 points to 18,857.74 in the first five minutes of trade.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) was up 103 points at 5,623.

Gains in the Sensex Index were led by Larsen & Toubro Ltd, Reliance Industries Ltd and Icici Bank Ltd.
Strong optimism among investors and firm Asian markets in current trades have helped the Indian market remain positive. The market may take a break from consecutive six-session losses. It had already witnessed a smart pullback towards Thursday's close, which is likely to help the sentiment turn positive.

However, foreign institutional investors (FIIs) remained net sellers of equities in the domestic market. On Thursday, US markets were closed due to the Thanksgiving holiday.

Friday, November 16, 2007

Sensex sheds 87 points

Mumbai, Nov 16 Sustained selling of stocks on the benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) led to a nearly 0.44 percent drop Friday.

Sensex shut shop at 19,698.36 points, down by 86.53 points.

The broader S&P CNX Nifty of the National Stock Exchange ended at 5,906.85 points, marginally down by 5.25 points or 0.09 percent.

After Thursday's loss of 144 points, the Sensex resumed 182 points lower at 19,603 but recovered by midmorning.

The major contributors to this recovery were public-sector oil refineries and oil marketing companies, which flared up on expectations of better gross refinery margins.

However, selling in select frontline stocks saw the Sensex zigzag between positive and negative territories for the better part of the day.

Indian markets continued to show their resilience and outperformed their Asian peers, which closed with deep cuts. Hang Seng ended down over four percent, followed by Nikkie down by two percent.

Among the sectoral indices, the BSE FMCG index flared up by 4.31 percent, the BSE capital goods index surged 2.61 percent, the BSE oil & gas index added 1.33 percent and the BSE auto index gained 0.66 percent.

Other sectoral indices were down around 0.5-1 percent each.

The BSE mid-cap and small-cap indices continued to outperform the market. The BSE mid-cap was plotting at 8,512.38 points, gaining 98.29 points or 1.17 percent. The small-cap index closed at 10,380.73, gaining 153.07 points or 1.50 percent.

The top gainers on the Sensex were ITC Ltd, which advanced 8.17 percent to Rs.205.15, Grasim moved up 5.87 percent plotting at Rs.3,831.45 and Dr. Reddy's scaled up 3.39 percent to Rs.620.35.

The top losers on the Sensex were Hindalco down 5.52 percent to Rs.203.80, Larsen & Toubro slid down 2.88 percent to Rs.4,375.85 and Ranbaxy was down 2.82 percent to Rs.411.70.

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