| Range-bound trend prevails | | | Our Web Bureau / Mumbai December 23, 2004 | | | |
The Sensex is moving in a range-bound (positive) mode following a steady buying trend prevailing since the opening trades. It is now up 33 points at 6,447. The Nifty also is witnessing a steady trend with gains of 11 points at 2,046.
The market breadth remains positive with advances beating declines in the ratio of 2:1 on the BSE so far. While 1,147 stocks have advanced, 593 declined and 59 have remained unchanged.
Reliance, with a volume of over 20.46 lakh on the BSE, has moved up 2.52% (Rs 12) to Rs 507, and HLL is up a rupee at Rs 144. ITC, however, has inched lower by Rs 3 to Rs 1,301.
SBI, on a volume of over 5.9 lakh, and ICICI Bank are up a per cent each at Rs 599 (up Rs 5) and Rs 363 (up Rs 3), respectively.
While Reliance Energy has gained 1.35% (Rs 7) to Rs 538, Tata Power is trading with a per cent gain (Rs 4) at Rs 380.
Tata Motors has logged 2% gains (Rs 10) to Rs 512, with over 5.12 lakh shares traded on the BSE so far. While Bajaj is up a per cent (Rs 9) at Rs 1,128. Maruti is up a rupee at Rs 470. Hero Honda, however, is down a per cent (Rs 5) at Rs 548.
Hindalco is trading with a steady gain of 2.29% (Rs 30) at Rs 1,329. Bharti, with a volume of over 2.23 lakh, has gained 1.57% (Rs 3) to Rs 207.
While HDFC has slipped 1.54% (Rs 12) to Rs 757, HDFC Bank is down a tad at Rs 492.
Reliance is still leading the value pack with a turnover of Rs 106 crore, followed by SBI (Rs 30 crore), Tata Motors (Rs 26 crore), Maruti (Rs 20 crore) and Satyam (Rs 19 crore), respectively. | | | | | |
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