|
| Markets off day's high; auto index gains |
| SI Reporter / Mumbai Jul 27, 2010, 15:15 IST |
|
Sensex is at 18,077 - up 56 points. Nifty is up 12 points at 5,435.
BSE auto index continues to hold gains and is now up 2.5% at 8,335. Realty is up 1.5% at 3,460. However, capital goods index is down 2% at 14,918.
__________________________________________________
(Updated at 1330 hrs )
Markets have extended gains on upbeat investor sentiments following the RBI policy review.
The Sensex has touched a high of 18,120 and is now up 99 points at 18,118.
Nifty is up 24 points at 5,442.
The RBI lifted the repo rate, at which it lends to banks, by 25 basis points to 5.75 per cent, in line with expectations, but raised the reverse repo rate, at which it absorbs excess cash from the system, by 50 basis points to 4.50 per cent.
BSE auto, realty and IT indices have gained 1-2% each. Bankex is also up 0.5% at 11,464.
Hero Honda has jumped 2.6% to Rs 1,860. Tata Motors has gained 2.2% at Rs 837. Mahindra & Mahindra has added 2% to Rs 632. Maruti Suzuki is up 1.2% at Rs 1,207.
ACC has gained 2.3% at Rs 843. DLF has added 2% to Rs 319. Reliance Infrastructure has added 1.6% to Rs 1,155.
Metal stocks are up. Sterlite and Hindalco have added 1.5% each. IT stocks - TCS and Wipro have advanced 1% each.
SBI, HDFC Bank, ITC, ONGC, Infosys and Jaiprakash Associates are up as well.
Market heavyweight, reliance, is trading at Rs 1,058 - up 0.6%.
However, Larsen & Toubro has dropped 3% to Rs 1,863. the company has just announced the Q1 numbers. Net profit is up 15.2% at Rs 666 crore, while net sales stands at Rs 7,835 crore - up 6.4%.
BHEL and NTPC are marginally down in trades.
|
|
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
