Business Today

IT stocks push Sensex up

Mahindra Satyam moved higher after the company signed a contract with the Commonwealth of Kentucky for design and delivery of a document-management system for a child-support system.

ITGD Bureau   Mumbai     Last Updated: October 14, 2010  | 16:45 IST

Thursday, October 14, 2010

3.30 pm: 
Benchmarks ended in the negative terrain, as investors resorted to profit booking at higher levels. Capital goods, oil&gas and power stocks were the worst hit, while IT and metals led the gainers pack.

Bombay Stock Exchange's Sensex ended at 20,482.80, down 205.08 points. The index touched a high of 20,854.55 and low of 20,442.82 in Thursday's trade.

National Stock Exchange's Nifty closed at 6,171.25 down 62.70 points or 1 per cent. The broader index touched intraday low of 6,157.90 and high of 6,284.10.

3.15 pm:  Sadbhav Engineering has been awarded project worth Rs 1,411.36 cores by National Highway Authority of India. The company's scrip was trading at Rs 1,536.50, up Rs 13.75, on the BSE. It touched a high of Rs 1,538 and low of Rs 1,513 in trade so far.

3 pm: Hindustan Unilever has fixed November 2 as the record date for determining interim dividend, if any. The scrip was trading at Rs 299.10, down Rs 4.25 on the NSE. It touched a low of Rs 296.85 and high of Rs 305.50.

2.45 pm: Everest Kanto Cylinder has established a wholly owned subsidiary in Thailand by the name of EKC Industries. The scrip was trading at Rs 128.95, up 0.78 per cent, on the NSE. It has touched a high of Rs 133 and low of Rs 126.50 in trade so far.

2.30 pm: Equities were witnessing selling pressure, as funds booked profits across the board at higher levels. Bombay Stock Exchange's Sensex was at 20,495.71, down 192.17 points and National Stock Exchange's Nifty was at 6,170.45, down 63.45 points.

1.15 pm: DCW gained momentum after the company entered into a technical license and support agreement with Italy-based Rockwood Italia, a leading producer of synthetic iron oxides. The stock was at Rs 19.35, up 6.32 per cent, on the NSE.

1 pm: Mastek reported a standalone net loss of Rs 14.77 crore for the quarter ended September 2010, against June's Rs 1.30 crore. Net sales stood at Rs 88.93 crore, compared to Rs 102.93 crore of the previous quarter. The scrip slipped lower on disappointing results to Rs 236.30, down 2.62 per cent, on the NSE.

12.45 pm: Credit Analysis & Research has assigned the 'CARE A+' ('Single A Plus') rating to Future Capital Holdings' issue of NCDs with maturity of upto five years for an aggregate amount upto Rs 600 crore, enhanced from the earlier Rs 550 crore.  The scrip was trading at Rs 256.10, down 0.54 per cent, on the BSE. It touched a high of Rs 261.95 and low of Rs 255.10 in trade so far.

12.30 pm: Coromandel International Board will meet on October 19 to seek approval of shareholders for sub-division of the equity shares of the company. The stock was trading at Rs 637.60, up Rs 20.70 or 3.36 per cent, on the BSE.

12.15 pm: LIC Housing Finance posted a net profit after tax of Rs 234.20 crore for the quarter ended September 30, compared to Rs 171.24 crore in the same quarter a year ago.  The scrip was trading at Rs 1,463, up Rs 18.85, on the BSE.

12 pm: Axis Bank reported net profit of Rs 735.14 crore for the quarter ended September against Rs 531.64 crore in the same quarter a year ago. The bank's scrip was trading at Rs 1,597, up Rs 8.25, on the NSE.

11.45 am: Dabur India's wholly owned subsidiary, Dabur International, has acquired 100 per cent stake in Hobi Kozmetik, Zeki Plastik, Ra Pazarlama of Turkey's Hobi Group. The company has fixed November 3 as the record date for interim dividend. The company's stock was up Rs 1.20 at Rs 104.15 on the NSE.

11.30 am: Shares of Uflex gained momentum after the company decided to withdraw the proposed Rights Issue. The scrip was at Rs 306.70, up 5.76 per cent, on the NSE. It touched a high of Rs 309.90 and low of Rs 291 in trade so far.

11.15 am: UTV Software Communications reported standalone net profit of Rs 47.47 crore for the quarter ended September against Rs. 43.03 crore in June quarter. The scrip reacted negatively to the results and slipped 1.79 per cent to Rs 545.95 on the NSE. It touched a high of Rs 572 and low of Rs 530 in trade so far.

11.45 am:  Dabur India's wholly owned subsidiary, Dabur International has acquired 100 per cent stake in Hobi Kozmetik, Zeki Plastik and Ra Pazarlama of Turkey's Hobi Group. The company has fixed November 3 as the record date for interim dividend.

The stock was up Rs 1.20, or 1.17 per cent, at Rs 104.15 on the NSE. The scrip touched a high of Rs 104.25 and low of Rs 102.75 in trade so far.

11.30 am: Shares of Uflex gained momentum after the company decided to withdraw the proposed Rights Issue.

The scrip was at Rs 306.70, up 5.76 per cent, on the NSE. It touched a high of Rs 309.90 and low of Rs 291 in the trade so far.

11.15 am: UTV Software Communications reported a standalone net profit of Rs 47.47 crore for the quarter ended September against Rs. 43.03 crore in the June quarter. Net sales grew at Rs 138.50 crore against Rs 122.93 crore quarter-on-quarter.

The scrip reacted negatively to the results and slipped 1.79 per cent to Rs 545.95 on the NSE.

11 am:  Mahindra Satyam moved higher after the company signed a contract with the Commonwealth of Kentucky for design and delivery of a document-management system for a child-support system.

The stock was at Rs 87.60, up Rs 1.75, on the NSE. The stock has touched a high of Rs 88 and low of Rs 86.55 in the trade so far on volume of 41.18 lakh shares.

10.45 am: Godrej Consumer Products has approved the merger of Godrej Household Products Ltd with itself effective April 1. The company had earlier bought the remaining 51 per cent stake in Godrej Sara Lee - later renamed Godrej Household Products.

Stocks of the company surged higher to Rs 431.95, up Rs 42.45 on the NSE. It touched a high of Rs 439.80 and low of Rs 391.75 in trade so far. Around 5.91 lakh shares were traded in the counter.

10.30 am: Spanco has received a Letter of Award in a project from Maharashtra State Electricity Distribution, for establishment of base-line data, applications for energy accounting/auditing and IT-based Consumer Service Centres in 35 towns. The order is valued at about Rs 95 crores and will be implemented over a period of 56 calendar weeks.

The scrip was trading at Rs 156.90, up Rs 1.85 on the BSE.

10.15 am: Cairn India was witnessing a subdued session after the government's move asking parent Cairn Energy to resolve cess, royalty and oil-field management issues concerning India's largest oilfield in Rajasthan, before it pushes for approval to sell a controlling stake in Cairn India to Vedanta Resources.

The scrip was at Rs 339.30, down Rs 3.40, on the NSE. It touched a high of Rs 344.75 and low of Rs 338.05 in the trade so far.

10.05 am: Tirupati Sarjan has bagged orders for construction for vertical extension of existing blocks C & D, including ramp, lifts and corridors up to (G+10) at Civil Hospital, Sola, Ahmedabad. The order is worth Rs 17.65 crore.

The stock, however, fell Rs 1.10 to Rs 32 on the BSE.

9.55 am: Shares of Ashoka Buildcon listed at Rs 342, a premium 5.5 per cent against an issue price of Rs 324 on the NSE. The stock was trading at Rs 337, up Rs 13, on the NSE. Around 44.35 lakh shares were traded in the counter.

9.35 am: Shares of Sea TV Network listed at Rs 120, a premium of 20 per cent against an issue price of Rs 100 on the BSE. The stock was trading at Rs 116.80, up Rs 6.80, on volume of 50.89 lakh shares. The scrip touched a high of Rs 126.15 and low of Rs 112 in trade so far.

Sea TV Network raised Rs 50 crore via IPO for expansion plans, which include setting up of complete digital headend and network for implementation of Conditional Access System to convert from the present Analog system.

9.25 am: Shares of Bedmutha Industries listed at Rs 113.50 per share against an issue price of Rs 102 on the NSE. The stock was trading at Rs 108.75, up Rs 6.75, on volume of 71 lakh shares. It touched a high of Rs 120 and low of Rs 102 in trade so far.

The company raised Rs 92 crore to set up a 36,000 tonnes per annum manufacturing facility in Maharashtra.

9.15 am: Indian markets opened on a positive note on Thursday, taking cues from other Asian peers. IT, metals and pharma stocks led the upmove while capital goods and realty dragged behind.

Bombay Stock Exchange's Sensex was at 20,742.70, up 54.82 points. The index touched a high of 20,854.55 and low of 20,700.42 in early trade.

National Stock Exchange's Nifty was trading at 6,250, up 16.10 points. The broader index declined after hitting an intra-day high of 6,284.10. It took support at 6,232.70 in trade so far.

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close