Shares of Bharati Shipyard Ltd rose nearly 10% after Great Offshore Ltd’s founder pledged more shares with a Bharati unit
Great Offshore pledges 5.53 million shares amounting to 14.88% of Great Offshore’s equity capital as collateral against a Rs200 crore loan from Bharati
The benchmark indices closed the session on a mixed note amid high volatlity the Nifty seemed consolidating at 3100 level. Reliance Industries and ONGC played a key role in today\'s choppiness.
The benchmark indices are seeing selling pressure along with some volatility. Shares of oil exploration, telecom, power, realty, technology (barring Satyam) as well as LT are trading under pressure. Midcap and smallcap stocks also turned into red, due to which the market breadth is in favour of declines.
The benchmark January Nifty futures ended down 0.3% at 3,113.20 points,
Volatility continues in benchmark indices. The Nifty has broken below the 3100 mark. Buying is seen in shares of metal, private banking, cement, oil marketing, and auto companies, and BHEL. Reliance Industries is a bit volatile today. Midcap and smallcap stocks are seeing a similar trend.
The markets are trading higher amid volatility. Buying continues in Reliance Industries, Satyam, BHEL, LT as well as in metal, private banking, cement, and auto stocks. However, selling is seen in Bharti Airtel, Reliance Communications, NTPC, DLF, Infosys, TCS, SBI, and Tata Power.
The benchmark indices are seeing some volatility. Private banking, metal, auto, cement stocks as well as Satyam, Reliance Industries, and BHEL are on buyers\' radar. However, selling is seen in telecom, major technology, power, realty, public sector banking stocks as well as ONGC and LT. Midcap and smallcap stocks have continued to gain further.
The 30-share BSE Sensex ended 60.33 points up at 10,335.93 but broad based 50-share NSE Nifty ended 8.65 points down at 3112.80
The pledged Satyam shares have been sold by IL&FS on specific written instructions of the said debenture holders and lenders
The markets are ranged today, as there is some consolidation after yesterday\'s sharp run up. Metal, private banking, cement, auto stocks as well as Satyam are witnessing buying interest. However, PSU banking, power, realty, and ONGC, LT, Infosys, TCS, Bharti and Reliance Communication are under pressure.
Satyam shares rose more than 7% amid merger talk with Tech Mahindra
UTI Asset Management hopes to sell up to 26% stake by March as it seeks to access global markets and strengthen its domestic operations
The benchmark indices have opened marginally in red but immediately turned choppy. Asian markets are also a bit of mixed bag, which have little impact on our markets.
At 2pm, the BSE Sensex was trading lower by 44.60 points at 10320.20 and NSE Nifty is lower by 20.55 points at 3,101
The Reserve Bank\'s rate cut move and government\'s second fiscal stimulus package have kept the markets warm through the session. Positive global markets also lent support. The Nifty managed to cross the 3100 mark in the last half an hour of trade and closed above the same level. The Sensex surged above 10,300 level in trade today.
The benchmark indices are witnessing buying interest but also seeing some selling pressure at higher levels. Shares of oil exploration, banking, capital goods, metal, select technology and power stocks are on buyers\' radar. Midcap and smallcap stocks are also following the same trend.
The benchmark indices have extended gains further following positive opening of European markets. Continuous buying in shares of oil exploration, banking, technology (barring Satyam), power (NTPC), auto and metal (except SAIL) is supportive to the markets followed by midcap and small cap stocks.
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