Market advances further

Mumbai -- After opening green the market continues to retain its position.

Andhra Cement has surged by 1% to Rs. 36, reports states that some private equity players are interested in picking up a stake in the company. The scrip has touched an intra-day high of Rs. 37 and a low of Rs. 35 and has recorded volumes of over 20 thousand shares on BSE.

Similarly, IMP Power Ltd. has spurred by 1.2% to Rs. 74 after the company reported a net profit of Rs. 33mn for the 15 months ended 30th June 2005, as against a net loss of Rs. 57mn in the corresponding 15 months ended 30th June 2006. The scrip has touched an intra-day high of Rs. 76 and a low of Rs. 74 and has recorded volumes of over 13 thousand shares on BSE.

In the same way, Dollex Industries has climbed by 5% to Rs. 50, according to reports the company is close to acquiring a sugar manufacturing unit in Nanded, Maharashtra. The scrip has touched an intra-day high of Rs. 50 and a low of Rs. 50 and has recorded volumes of over 37 thousand shares on BSE.

Likewise, Oil & Gas stocks are trading with gains. ONGC has gained by 1% to Rs. 1206 reports state that the company has won joint bid for Omimex stake, RIL has edged higher by 0.7% to Rs. 1019, HPCL has spurred by 3.8% to Rs. 231, and BPCL has climbed by 3.1% to Rs. 316.

Fresh Buying is seen in the Tech stocks. I-Flex has hiked by 5.1% to Rs. 1390, Polaris has jumped by 3.1% to Rs. 107, Tata Elxis has surged by 3.7% to Rs. 189 and Infosys has added 1752.

Ina string of gainers, next is BHEL which has gained by 1.1% to Rs. 2176 after the company secures an order for 500mw plant in UP worth Rs. 12.24bn. The scrip has touched an intra-day high of Rs. 2189 and a low of Rs. 2135 and has recorded volumes of over 1 lakh shares on NSE.