Business Daily from THE HINDU group of publications
Thursday, Jul 27, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Stock Markets
Markets - Stock Markets
Sensex up 202 points on good Q1 results

Our Bureau

Mumbai , July 26

Markets continued their upward trend for the third consecutive day on good corporate results by ONGC and Bharti Airtel.

The BSE-30 Sensex gained 1.94 per cent to end at 10,617.27, up by 201.66 points. All indices ended in green with BSE FMCG being the biggest gainer at 1,906.05 points, up by 2.67 per cent.

The markets followed the upward trend throughout the day after a first session jolt, dealers said.

NSE's S&P CNX Nifty index ended at 3,110.15 points, up by 2.29 per cent. The shares of ONGC rose 4.08 per cent to Rs 1,138.25 after the company announced a 1:2 bonus issue on positive first quarter results.

Other major gainers in the day included Ranbaxy Laboratories (up by 4.24 cent at Rs 371.45), Tata Motors (up by 3.87 per cent at Rs 728.80) and Bharti Airtel (up by 3.68 per cent at Rs 382.90).

"Investors are squaring up their short positions ahead of the results in the futures market and as a result, the markets witnessed buying," said a dealer with Angel Broking.

Volumes were fairly decent with stocks worth Rs 2,455.30 crore being traded on the BSE.

The top losers were Hero Honda Motors (down by 1.14 per cent at Rs 703.30) and ICICI Bank (down by 0.16 per cent at Rs 540.25) ending its two-day gains.

The overall market breadth was positive with stocks of 1,686 companies ending in green, while 705 stocks ending in red.

FIIs were net buyers for Rs 61.03 crore, according to provisional figures on the NSE.

Related Stories:
Global support pushes markets up
Bank stocks lead market recovery

More Stories on : Stock Markets | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



PNB Readership Survey

Stories in this Section
Payment, settlement systems may come under RBI


NAVs turn negative for sector funds
Govt rejects RIL price for gas to RNRL
Inventory build-up worries sugar mills
ONGC net rises
HPCL in loss
EDS India to merge with MphasiS
Remembering India's first woman CA
Sensex up 202 points on good Q1 results
SEC-certified TWI analysts to track US stocks from Mumbai
Matrix Labs up on stake sale talk
McDowell: On brand acquisition hope
Sasken to buy Botnia, two arms in all-cash deal
How Dr Reddy's became a $1-b company
Street vendors demand to be organised
CBI awaits Govt nod to book officials in corruption cases


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line