Wednesday, October 27, 2010
11.40 am: Nagarjuna Construction Company has secured new orders aggregating Rs 540 crores. On NSE, the company's shares were up 0.66 per cent at Rs 153.60.
11.05 am: Biocon has announced a strategic foreign direct investment in Malaysia with the Malaysian Biotechnology Corporation SdnBhd (BiotechCorp). The investment will be made towards establishing a biomanufacturing and R&D facility in Bio-XCell, a custom-built biotechnology park and ecosystem in Iskandar Malaysia, Johor. On NSE, Biocon shares were higher by 1.81 per cent at Rs 439.40.
10.45 am: HCL Infosystems has posted consolidated net profit of Rs 47.46 crore for the quarter ended September 30, against Rs 58.97 crore for the corresponding quarter of 2009. Net sales for the quarter stood at Rs 2,959.37 crore, compared with Rs 2,998.97 crore for the same quarter of last year. On NSE, the company's shares were down 1.48 per cent at Rs 116.45.
10.12 am: Patni Computer Systems has posted consolidated net profit of Rs 144.45 crore for the quarter ended September 30, against Rs 146.74 crore for the quarter ended June 30. Net sales for the September quarter were Rs 822.70 crore, compared with Rs 762.88 crore for the quarter to June. On NSE, the company's shares were down 0.34 per cent at Rs 464.10.
10.08 am: Bombay Rayon Fashions has approved the acquisition of equity shares and optionally convertible debentures (OCDs), alongwith underlying securities from the existing investors and OCD holders, constituting 70.56 per cent stake in Indore-based textile company STI India, listed on the BSE and NSE, for a total consideration of Rs 70 crores. On NSE, Bombay Rayon shares were flat to lower at Rs 240.55.
9.50 am: Sensex lost 52.09 points, or 0.26 per cent, to trade at 20,169.30. The BSE sensitive index opened at 20,220.58 versus the previous close of 20,221.39. The 30-share index saw a high of 20,220.58 against a low of 20,135.12.
9.45 am: Nifty was trading at 6,063.70, lower by 18.3 points, or 0.30 per cent. The NSE benchmark opened the day at 6,075.45 against Tuesday's close of 6,082. The 50-share index moved between a high of 6,075.95 and low of 6,055.40.
9.15 am: Indian equities were trading marginally lower Wednesday, following mixed cues from Asian markets. Sectors under pressure were IT, banking, capital goods, realty, metals and FMCG. In the positive were oil & gas, consumer durables, healthcare, power and auto.