Market Ends The Day On A Sturdy Note

After making healthy opening, the BSE sensitive share index traded in a rangebound mode for most part of the day. Later on, the Sensex attained additional strength as continued buying interest was seen in index pivotals, lastly to end the day on a sturdy note. The stocks from banking, auto and telecom were in the public interest, whereas cement and IT stocks led the declines.

After touching a high peak of 15,112.22, the BSE Sensex finally settled at 15,092.04 after making a profit of 181.42 points, whereas the broad-based NSE Nifty ended the day at 4446.15, up 59 points. The stock market has had 1,793 advancements as against 62 declinations.

Among the sectoral indices, BSE Auto climbed 1.75%, BSE IT arose 0.03%, BSE Consumer Goods gained 1.45%, BSE Bankex benefited 1.57%, whereas BSE Realty zoomed 3.33% and BSE FMCG came up 0.73%.

The major gainers at the BSE include Hindalco, Reliance Energy, HDFC Bank, BHEL, Reliance Comm and Bajaj Auto. On the other hand, the losers’ list comprises Ambuja Cement, ONGC, Infosys, Satyam and L&T.

Hindalco topped the BSE volume chart with 5.51 million shares, which is being followed by GMR Infrastructure with 4.88 million shares, RPL with 3.80 million shares and DLF with 3.74 million shares.

For the quarter ended in June 2007, Reliance Industrial Infrastructure recorded a marginal development of 0.11% in net profit to Rs 46.95 million from a profit of Rs 46.90 million for the quarter ended June 2006. Total income dipped 0.77% to Rs 181.54 million from Rs 182.94 million for the quarter ended June 2006.

Pyramid Saimira Theatre reported a significant jump of 2.74 times in net profits on quarterly basis for the quarter ended June 2007. On the other hand, Bajaj Auto declared a 21.35% decline in net profit to Rs 2,011.50 million for the quarter ended June 30, 2007 as compared to Rs 2,557.70 million for the quarter ended June 30, 2006.




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