The market eased from higher level in late trade on profit booking, after a sharp intra-day surge. Index heavyweights, ICICI Bank, Reliance Industries (RIL) and Oil & Naural Gas Corporation edged higher. Realty major DLF advanced. BSE Sensex, NSE Nifty, BSE Mid-Cap and BSE Small-Cap indices struck all-time highs today.
The market breadth which was strong for a better part of the day, turned negative in late trade. Turnover on BSE was little under 11,000 crore. Asian markets were mostly in green. European markets were mixed.
The 30-share BSE Sensex was up 295.05 points or 1.45% to 20,640.26, as per provisional closing. Sensex hit all-time high of 20,762.80 in late trade. At day's high, it gained 417.60 points for the day.
The broader CNX S&P Nifty was up 103.30 points or 1.35% to 6,261.85, as per provisional closing. It struck all-time high of 6,300.05 in late trade.
Inflation based on the wholesale price index (WPI) moved up to 3.50% for the week ended 22 December 2007, as compared with 3.45% in the week ended 15 December 2007, primarily due to the increase in prices of manufactured goods and fuel items.
The BSE Mid-Cap index was up 0.30% to 10,086.57 and the BSE Small-Cap index was down 0.33% to 13,851.29. Both these indices underperformed the Sensex. The BSE Mid-Cap index hit all-time high of 10,220.43 and the BSE Small-Cap index struck record high of 14,124.80 today.
BSE clocked a turnover of Rs 10,960 crore as compared to Rs 8235 crore by 14:30 IST.
The market breadth was negative on BSE with 1470 shares declining as compared to 1437 that advanced. 17 remained unchanged
Among the Sensex pack, 16 slipped while the rest of them advanced.
India's largest private sector bank in terms of net profit ICICI Bank vaulted 4.15% to Rs 1279. It was the top gainer from Sensex pack.
However, State Bank of India (down 0.42% to Rs 2386), and HDFC Bank (down 0.08% to Rs 1696), slipped
Reliance Communications, India's second largest cellular services provider in terms of market capitalisation, surged 3.65% to Rs 760.20. 20.53 lakh shares were traded on the counter on BSE.
India's largest private sector engineering company in terms of outstanding order book, Larsen & Toubro surged 3.90% to Rs 4220.
Oil exploration stocks Oil & Natural Gas Corporation (up 2.61% to Rs 1340) and Cairn India (up 2.26% to Rs 260.60), gained as crude oil hovered near record high of $100 per barrel.
Tata Steel rose 0.25% Rs 929 after the company said it has signed a joint venture agreement with the Steel Authority of India for incorporation of a joint venture company, for coal mining activities in Jharkhand, India.
India's largest private sector firm by market capitalization & oil refiner Reliance Industries (RIL) advanced 2.62% to Rs 2979, off session's high of Rs 3018. 9.09 lakh shares were traded on the counter on BSE. As per reports, RIL has emerged as the highest bidder for the Motipur sugar unit of Bihar State Sugar Corporation at a price of Rs 57 crore, marginally higher than the floor price of Rs 55.36 crore.
India's largest power generation company in terms of sales, National Thermal Power Corporation lost 2.24% to Rs 270.50 on high volumes of 39.94 lakh shares.
Auto stocks slipped on profit booking. Mahindra & Mahindra (down 1.40% to Rs 824), Tata Motors (down 1.32% to Rs 783.80) and Maruti Suzuki India (down 1.13% to Rs 964) declined
IT pivotals stayed subdued in firm market. Infosys (down 1.05% to Rs 1695), TCS (down 0.88% to Rs 1009), Satyam Computers (down 0.57% to Rs 423.50) and Wipro (down 0.33% to Rs 493.90) edged lower.
European markets were trading mixed. United Kingdom's FTSE 100 was up 0.67% to 6,523 whereas Germany's DAX was down 0.09% to 7,901.54
Most of the Asian markets were in green. Singapore's Straits Times (up 1.20% at 3,437.79), South Korea's Seoul Composite (up 0.60% at 1,863.90), Hong Kong's Hang Seng (up 2.35% at 27,519.69) and Sanghai Composite (up 0.78% to 5,362.85), rose. However, Japan's Nikkei slumped 4.03% at 14,691.41 and Taiwan Weighted slipped 1.22% to 8,221.10.
Markets in the United States ended flat on Thursday, 3 January 2008. The Dow Jones industrial average was up 12.76 points, or 0.10%, at 13,056.72. The Standard & Poor's 500 Index was unchanged at 1,447.16. The Nasdaq Composite Index was down 6.95 points, or 0.27%, at 2,602.68.
As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 244.56 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 526.65 crore on Thursday, 3 January 2008.
FIIs were net sellers of Rs 907 crore in the futures & options (F&O) market on Thursday, 3 January 2008. They were net sellers of Rs 1,132 crore in stock futures, Rs 109 crore in index futures and Rs 25 crore in stock options. They were net buyers of Rs 359 crore in index options.
Crude oil for February delivery rose to $100.09 in intraday trading in New York yesterday, the highest since trading began.
The market breadth which was strong for a better part of the day, turned negative in late trade. Turnover on BSE was little under 11,000 crore. Asian markets were mostly in green. European markets were mixed.
The 30-share BSE Sensex was up 295.05 points or 1.45% to 20,640.26, as per provisional closing. Sensex hit all-time high of 20,762.80 in late trade. At day's high, it gained 417.60 points for the day.
The broader CNX S&P Nifty was up 103.30 points or 1.35% to 6,261.85, as per provisional closing. It struck all-time high of 6,300.05 in late trade.
Inflation based on the wholesale price index (WPI) moved up to 3.50% for the week ended 22 December 2007, as compared with 3.45% in the week ended 15 December 2007, primarily due to the increase in prices of manufactured goods and fuel items.
The BSE Mid-Cap index was up 0.30% to 10,086.57 and the BSE Small-Cap index was down 0.33% to 13,851.29. Both these indices underperformed the Sensex. The BSE Mid-Cap index hit all-time high of 10,220.43 and the BSE Small-Cap index struck record high of 14,124.80 today.
BSE clocked a turnover of Rs 10,960 crore as compared to Rs 8235 crore by 14:30 IST.
The market breadth was negative on BSE with 1470 shares declining as compared to 1437 that advanced. 17 remained unchanged
Among the Sensex pack, 16 slipped while the rest of them advanced.
India's largest private sector bank in terms of net profit ICICI Bank vaulted 4.15% to Rs 1279. It was the top gainer from Sensex pack.
However, State Bank of India (down 0.42% to Rs 2386), and HDFC Bank (down 0.08% to Rs 1696), slipped
Reliance Communications, India's second largest cellular services provider in terms of market capitalisation, surged 3.65% to Rs 760.20. 20.53 lakh shares were traded on the counter on BSE.
India's largest private sector engineering company in terms of outstanding order book, Larsen & Toubro surged 3.90% to Rs 4220.
Oil exploration stocks Oil & Natural Gas Corporation (up 2.61% to Rs 1340) and Cairn India (up 2.26% to Rs 260.60), gained as crude oil hovered near record high of $100 per barrel.
Tata Steel rose 0.25% Rs 929 after the company said it has signed a joint venture agreement with the Steel Authority of India for incorporation of a joint venture company, for coal mining activities in Jharkhand, India.
India's largest private sector firm by market capitalization & oil refiner Reliance Industries (RIL) advanced 2.62% to Rs 2979, off session's high of Rs 3018. 9.09 lakh shares were traded on the counter on BSE. As per reports, RIL has emerged as the highest bidder for the Motipur sugar unit of Bihar State Sugar Corporation at a price of Rs 57 crore, marginally higher than the floor price of Rs 55.36 crore.
India's largest power generation company in terms of sales, National Thermal Power Corporation lost 2.24% to Rs 270.50 on high volumes of 39.94 lakh shares.
Auto stocks slipped on profit booking. Mahindra & Mahindra (down 1.40% to Rs 824), Tata Motors (down 1.32% to Rs 783.80) and Maruti Suzuki India (down 1.13% to Rs 964) declined
IT pivotals stayed subdued in firm market. Infosys (down 1.05% to Rs 1695), TCS (down 0.88% to Rs 1009), Satyam Computers (down 0.57% to Rs 423.50) and Wipro (down 0.33% to Rs 493.90) edged lower.
European markets were trading mixed. United Kingdom's FTSE 100 was up 0.67% to 6,523 whereas Germany's DAX was down 0.09% to 7,901.54
Most of the Asian markets were in green. Singapore's Straits Times (up 1.20% at 3,437.79), South Korea's Seoul Composite (up 0.60% at 1,863.90), Hong Kong's Hang Seng (up 2.35% at 27,519.69) and Sanghai Composite (up 0.78% to 5,362.85), rose. However, Japan's Nikkei slumped 4.03% at 14,691.41 and Taiwan Weighted slipped 1.22% to 8,221.10.
Markets in the United States ended flat on Thursday, 3 January 2008. The Dow Jones industrial average was up 12.76 points, or 0.10%, at 13,056.72. The Standard & Poor's 500 Index was unchanged at 1,447.16. The Nasdaq Composite Index was down 6.95 points, or 0.27%, at 2,602.68.
As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 244.56 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 526.65 crore on Thursday, 3 January 2008.
FIIs were net sellers of Rs 907 crore in the futures & options (F&O) market on Thursday, 3 January 2008. They were net sellers of Rs 1,132 crore in stock futures, Rs 109 crore in index futures and Rs 25 crore in stock options. They were net buyers of Rs 359 crore in index options.
Crude oil for February delivery rose to $100.09 in intraday trading in New York yesterday, the highest since trading began.
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