VOLATILE SENSEX TRADES HIGHER; TATA MOTORS, SBI, ITC LEAD
Date: 10/04/2012
The BSE Sensex was hovering around
its previous day's closing value due to lack of domestic and global cues. Gas
stocks somewhat stabilised now after heavy sell-off in early trade.
Indraprastha Gas, which crashed 45% on opening, was down over 30% post the the
Petroleum and Natural Gas Regulatory Board (PNGRB) asked the company to lower
its network tariff to Rs 38.58/mmbtu and compression charge to Rs 2.7/ kg as
against the company's request for Rs 104/scm and Rs 6.6/kg. The new tariff is
effective immediately and retrospectively from April 1, 2008. Other stocks like
Petronet LNG, Gujarat State Petronet and GAIL were down 4-6% amid heavy volumes.
The BSE benchmark rose 28 points
to 17,249.95 and the NSE benchmark gained 14 points at 5,248.25.
Country's largest lenders State
Bank of India and ICICI Bank moved up 1.4% and 0.3%, respectively.
FMCG majors HUL and ITC gained
1.5% and 0.7%, respectively. Tata Motors, top commercial vehicle maker topped
the buying list, rising 1.8%.
Engineering and construction major
Larsen & Toubro rose 0.7% while state-owned BHEL dropped 1%.
However, oil & gas producer
ONGC declined 1.7%. Shares of HDFC Bank, Hero Motocorp, Tata Steel, Coal India,
NTPC and Sterlite lost 0.5-1%.
The market breadth was neutral and
even the broader markets, which fell on opening, were flat. www.goldennifty.com
Powered by THE ECONOMIC NEWS
|
REACH US AT:
GOLDEN INVESTMENT RESEARCH
PVT LTD
NO 1- B 9 th MAIN ROAD
KANNADASAN NAGAR
CHENNAI 600118
Tel: 91-42814246
CUSTOMER CARE CELL
91-08144223652
Email:
customercare@goldennifty.com
Visit us at: http://www.goldennifty.com
Disclaimer:
This publication has been
prepared solely for information purpose and does not constitute a
solicitation to any person to buy or sell a security. This document is not to
be reported or copied or made available to others without prior permission of
Goldennifty.com. It does not constitute personal recommendations or take into
account the particular investment objectives, financial situations or needs
of an individual client or a corporate/s or any entity/s. All investments involve
risk and past performance doesn't guarantee future results. The value of, and
income from investments may vary because of the changes in the macro and
micro factors at a certain period of time. The person should use his/her own
judgment while taking investment decisions.
The transmission of
information from Goldennifty.com to you is not intended to create nor does it
create an advisor-client relationship between Goldennifty.com and you. Though
every effort is made to make accurate, reliable and current information
available, Goldennifty.com makes no representation, warranty or claim that
the information made available is current or accurate. Goldennifty.com is not
responsible for any errors or omissions in the resources or information made
available.
Goldennifty.com is not a
Portfolio Manager, Broker or a Sub-broker and is not registered with any
stock exchange. Goldennifty.com does not manage your funds or advices or
directs you to acquire, dispose of or retain any securities. Goldennifty.com
does not come under the purview of the SEBI (Portfolio Managers) Regulations
1993 or SEBI (Stock Brokers and Sub Brokers) Regulations 1992.
This document follows the
Terms of Use on Goldennifty.com, to read
the complete Terms of Use and Disclaimer click here or visit this link: http://www.goldennifty.com/pages/disclaimer.php
|
No comments:
Post a Comment