The market is now trading higher from the initial fall as significant buying witnessed in the IT, Health Care, Realty and Power stocks. The IT stocks are in huge demand today after the IT bellwether Infosys Technologies announced its fourth quarter along with FY08 numbers, which are inline with the expectations. Further the broader market is also trading higher in line with the benchmark index.
The overall market breadth is positive, as 1490 stocks are advancing while 927 stocks are declining and the 60 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 57.68 points at 6,580.90 and the BSE small Cap advanced by 82.67 points to trade at 8,164.10.
At 12.30 pm, BSE Sensex was at 15,997.49 up by 189.85 points and Nifty was at 4,839.45 up by 61.65 points.
BSE IT index surged by 159.07 points to trade at 3,818.45 as Infosys Technologies (5.49%), HCL Technologies (4.78%), TCS (4.74%), Wipro (3.94%) and Satyam Computers (3.23%) are trading in green.
Infosys Technologies today has announced its fourth quarter results and financial year 2008 numbers. For the quarter ended March 2008, the company posted a net profit of Rs 1249 crore as compared with Rs 1231 crore in the previous quarter. It has posted FY08 net profit of Rs 4659 crore as against Rs 3856 crore in FY07 and net sales at Rs 16692 crore versus Rs 13893 crore.
Satyam Computer in order to expand its presence in Australia is setting up of a 2,000-seater campus in Victoria. The campus will have a software development centre and facilities for R&D and training, will be able to house 2,000 employees in the next few years
BSE Oil & Gas index was trading 21.28 points higher at 11,050.03 as RPL (2.91%), Essar Oil (2.36%), ABN Offshore (2.30%) and RNRL (1.11%) are trading in green.
BSE Capital goods index advanced by 46.04 points to 13,313.55. The main gainers are Punj Lloyd (2.64%), Praj Industries (2.21%), ABB (1.16%) and BEML (0.61%).
BSE Health Care index inclined by 77.17 points to trade at 3,996.44 as Ranbaxy Lab. (7.42%), Dr.Reddy (1.35%) and Cipla (0.47%) are trading in positive.
BSE Power index increased by 17.25 points to trade at 3,181.64 as Reliance Power (4.19%), Suzlon Energy (1.95%), Tata Power (1.60%) and Torent Power (0.84%) are trading in positive.
Tata Power will set up 30mw gas based power plant in Haldia to meet the requirements of Hooghly Met Coke & Power plants. This is a part of company’s plans to set up 120 mw gas based generation units with an investment of Rs500 crore in Haldia.
BSE Auto index inclined by 15.60 points to trade at 4,442.66. Leading to its gain are TVS Motor (3.99%), Maruti Suzuki (0.73%), Ashok Leyland (0.79%) and Tata Motors (0.16%).
BSE Realty index increased by 60.65 points to trade at 7,256.36. Leading to its gain are Purvankara (4.89%), DLF (2.34%), Parsavnath (2.23%) and Sobha Developers (1.43%).
BSE Metal index fell by 61.43 points to trade at 13,904.95. The major losers are Gujarat NRE (2.67%), SAIL (1.70%), Ispat Industries (1.04%) and Jindal Saw (0.71%).
BSE Banks index dropped by 63.83 points to trade at 7,837.14. The top losers are Yes Bank (2.88%), Bank of India (1.27%), Canara Bank (0.69%), Andhra Bank (0.90%) and Axix Bank (0.30%).
The overall market breadth is positive, as 1490 stocks are advancing while 927 stocks are declining and the 60 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 57.68 points at 6,580.90 and the BSE small Cap advanced by 82.67 points to trade at 8,164.10.
At 12.30 pm, BSE Sensex was at 15,997.49 up by 189.85 points and Nifty was at 4,839.45 up by 61.65 points.
BSE IT index surged by 159.07 points to trade at 3,818.45 as Infosys Technologies (5.49%), HCL Technologies (4.78%), TCS (4.74%), Wipro (3.94%) and Satyam Computers (3.23%) are trading in green.
Infosys Technologies today has announced its fourth quarter results and financial year 2008 numbers. For the quarter ended March 2008, the company posted a net profit of Rs 1249 crore as compared with Rs 1231 crore in the previous quarter. It has posted FY08 net profit of Rs 4659 crore as against Rs 3856 crore in FY07 and net sales at Rs 16692 crore versus Rs 13893 crore.
Satyam Computer in order to expand its presence in Australia is setting up of a 2,000-seater campus in Victoria. The campus will have a software development centre and facilities for R&D and training, will be able to house 2,000 employees in the next few years
BSE Oil & Gas index was trading 21.28 points higher at 11,050.03 as RPL (2.91%), Essar Oil (2.36%), ABN Offshore (2.30%) and RNRL (1.11%) are trading in green.
BSE Capital goods index advanced by 46.04 points to 13,313.55. The main gainers are Punj Lloyd (2.64%), Praj Industries (2.21%), ABB (1.16%) and BEML (0.61%).
BSE Health Care index inclined by 77.17 points to trade at 3,996.44 as Ranbaxy Lab. (7.42%), Dr.Reddy (1.35%) and Cipla (0.47%) are trading in positive.
BSE Power index increased by 17.25 points to trade at 3,181.64 as Reliance Power (4.19%), Suzlon Energy (1.95%), Tata Power (1.60%) and Torent Power (0.84%) are trading in positive.
Tata Power will set up 30mw gas based power plant in Haldia to meet the requirements of Hooghly Met Coke & Power plants. This is a part of company’s plans to set up 120 mw gas based generation units with an investment of Rs500 crore in Haldia.
BSE Auto index inclined by 15.60 points to trade at 4,442.66. Leading to its gain are TVS Motor (3.99%), Maruti Suzuki (0.73%), Ashok Leyland (0.79%) and Tata Motors (0.16%).
BSE Realty index increased by 60.65 points to trade at 7,256.36. Leading to its gain are Purvankara (4.89%), DLF (2.34%), Parsavnath (2.23%) and Sobha Developers (1.43%).
BSE Metal index fell by 61.43 points to trade at 13,904.95. The major losers are Gujarat NRE (2.67%), SAIL (1.70%), Ispat Industries (1.04%) and Jindal Saw (0.71%).
BSE Banks index dropped by 63.83 points to trade at 7,837.14. The top losers are Yes Bank (2.88%), Bank of India (1.27%), Canara Bank (0.69%), Andhra Bank (0.90%) and Axix Bank (0.30%).
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