Thursday, December 13, 2007

Market opens firm

The 30-share benchmark, BSE Sensex after opening positive at 20,498.11 continued to trade in the positive terrain on account of buying activity in index heavyweights despite negative global cues.

Asian stocks opened negative (Dec. 13, 2007) on concerns that the move by the central banks to inject cash into the global financial system will fail to reduce credit-market losses.

BSE Sensex is trading at 20,451.39, up 75.52 points, while NSE Nifty, is trading at 6,159.50, up 0.2 points (10.10 a.m.).

The BSE Midcap rose 1.04% and BSE Smallcap rose 1.72%.



Out of the total 2,004 stocks traded at the BSE, 1,707 advanced, 279 declined, while 18 remained unchanged.

Amongst the sectoral indices, BSE Auto rose 0.84%, BSE Metal rose 0.74%, while BSE Bankex shed 0.20%, BSE Power rose 0.49%, BSE IT rose 0.08%, BSE Realty rose 0.99%.

Leaders at the BSE Sensex were M&M which rose 2.69% to Rs 809.00, ITC rose 1.53% to Rs 192.00 and BHEL rose 1.16% to Rs 2,679.00. Hindalco, SBI, DLF, Reliance Energy and Infosys also moved up.

Laggards at the BSE Sensex include Wipro, which declined 1.10% to Rs 500.00, HDFC Bank declined 0.95% to Rs 1,767.00 and HDFC declined 0.93% to Rs 3075.00. Bharti Airtel, ONGC, Bajaj Auto, ICICI Bank and RIL also slipped.

New Listing

Shares of the Pune based realty major Kolte Patil Developers opened at a premium of 51.72%, at Rs 220 as against its issue price of Rs 145 a share on the Bombay Stock exchange (BSE).

The scrip was last trading up Rs 70.5, or 48.62%, at Rs 215.50. A total of 16,757 shares changed hands on BSE. (9.54 a.m).

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