The Indian market closed with handsome gains as Infosys came out with quarterly numbers and it gave a good medium term outlook by increasing the dividend payout ratio to 30% of net profit from 20% currently. Though the market opened on a weak note but managed to recover soon after the declaration of the quarterly results by Infosys. The company represented a marginal growth of 1.46% in net profit to Rs1249 crore for the quarter ended December 2007 as compared to Rs1231 crore reported last year while the yearly net profit grew by 21% to Rs4659 crore as against Rs3856 crore previous year. From the sectoral front, Oil & Gas and IT stocks reported most buying.
The BSE Sensex closed higher by 346.02 points at 16,153.66 and NSE Nifty closed up by 101.85 points at 4,879.65. The Sensex touched an intraday high of 16,249.46 and low of 15,573.03. The BSE Mid Caps and Small Caps also closed up by 81.20 points and 122.96 points at 6,604.42 and 8,204.39 respectively.
The market breadth was strong as 1784 stocks closed in green as against 875 stocks that closed in red.
The IT index closed higher by 203.10 points at 3,862.48. Major gainers are TCS (7.37%), Mphasis (7.10%), HCL Tech (6.78%), Patni Comp (6.28%), Wipro (4.52%), Satyam (4.35%), Niit Techno (3.29%).
The Oil and Gas index surged 305.18 points to close at 11,333.93. Major gainers are Essar oil (8.65%), RNRL (6.61%), BPCL (3.84%), ONGC (2.45%), Reliance inds (2.30%), Aban offshore (2.11%) and IOCL (1.95%).
The Capital Goods index closed up by 154.08 points at 13,421.59. Gainers are Kirloskar BR (6.86%), Alstom Projects (5.61%), ABB (4%), Areva (3.82%), Kirloskar oil (3.1%), Praj inds (1.64%) and L&T (1.18%).
The Metal index advanced by 51.26 points to close at 14,017.64. Scrips that gained are JSW Steel (4.16%), Sterlite inds (2.24%), Jindal Stainless (1.81%), Jindal Steel (1.66%), Ispat inds (1.04%).
The BSE Power index increased by 59.35 points to close at 3,223.74 as Reliance Power (6.37%), ABB (4%), Areva (3.82%), NTPC (2.65%), Siemens (2.56%), Tata Power (2.47%) closed in green.
The Bankex index closed up by 101.43 points at 8,002.40. Scrips that grew are Kotak bank (5.97%),Yes bank (3.39%), Union bank (2.85%), ICICI bank (2.34%), PNB (2.27%), Axis bank (1.73%).
The BSE Sensex closed higher by 346.02 points at 16,153.66 and NSE Nifty closed up by 101.85 points at 4,879.65. The Sensex touched an intraday high of 16,249.46 and low of 15,573.03. The BSE Mid Caps and Small Caps also closed up by 81.20 points and 122.96 points at 6,604.42 and 8,204.39 respectively.
The market breadth was strong as 1784 stocks closed in green as against 875 stocks that closed in red.
The IT index closed higher by 203.10 points at 3,862.48. Major gainers are TCS (7.37%), Mphasis (7.10%), HCL Tech (6.78%), Patni Comp (6.28%), Wipro (4.52%), Satyam (4.35%), Niit Techno (3.29%).
The Oil and Gas index surged 305.18 points to close at 11,333.93. Major gainers are Essar oil (8.65%), RNRL (6.61%), BPCL (3.84%), ONGC (2.45%), Reliance inds (2.30%), Aban offshore (2.11%) and IOCL (1.95%).
The Capital Goods index closed up by 154.08 points at 13,421.59. Gainers are Kirloskar BR (6.86%), Alstom Projects (5.61%), ABB (4%), Areva (3.82%), Kirloskar oil (3.1%), Praj inds (1.64%) and L&T (1.18%).
The Metal index advanced by 51.26 points to close at 14,017.64. Scrips that gained are JSW Steel (4.16%), Sterlite inds (2.24%), Jindal Stainless (1.81%), Jindal Steel (1.66%), Ispat inds (1.04%).
The BSE Power index increased by 59.35 points to close at 3,223.74 as Reliance Power (6.37%), ABB (4%), Areva (3.82%), NTPC (2.65%), Siemens (2.56%), Tata Power (2.47%) closed in green.
The Bankex index closed up by 101.43 points at 8,002.40. Scrips that grew are Kotak bank (5.97%),Yes bank (3.39%), Union bank (2.85%), ICICI bank (2.34%), PNB (2.27%), Axis bank (1.73%).
No comments:
Post a Comment