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Markets rise upwards

Mon, 03/07/2006 - 16:59 by MT Bureau

At 15:17 the BSE 30-share Sensex has gained by 73 points at 10682 and the NSE 50-share Nifty is up by 17 points at 3146

The markets advanced further led by buying in heavy weights like Satyam Computers, TISCO, Reliance, ONGC and Infosys. At 15:17 the BSE 30-share Sensex has gained by 73 points at 10682 and the NSE 50-share Nifty is up by 17 points at 3146. Tech stocks are at the limelight. The Tech Indices has added 1.5% at 3800.64. Others like FMCG, Oil and Gas and Metal stocks has lifted the markets up in positive territory.

Steel Strips gains higher

Mon, 03/07/2006 - 15:05 by MT Bureau

At 2:39 pm,Steel Strips has gained by 0.5% to Rs. 113.75

Steel Strips has gained by 0.5% to Rs. 113.75. The Company has gained highest ever quarterly production of Wheel Rims during the quarter April-June 2006.

M&M, Neyveli Lignite lose

Mon, 03/07/2006 - 15:00 by MT Bureau

At 14:45 pm (IST),M&M has lost by 1% to Rs. 615.

M&M has lost by 1% to Rs. 615. The company announced an increase in June Tractor sales by 32% to 10,410 units. The scrip has touched an intra-day high of Rs 630 and a low of Rs 608 and has recorded volumes of over 5 lakh shares on NSE.

Aurobindo Pharma gets NDA approval, stocks up

Mon, 03/07/2006 - 14:38 by MT Bureau

At 13:44 pm (IST),Aurobindo Pharma Ltd has lost by 0.2% to Rs580.70

Aurobindo Pharma Ltd has lost by 0.2% to Rs 580.70. The fast track integrated pharmaceutical company received the first tentative NDA approval for fixed dose combination drug product containing Lamivudine + Zidovudine + Nevirapine Tablets (NDA) used in the treatment of HIV-1 infection.

Swaraj Mazda locks upper circuit

Mon, 03/07/2006 - 14:33 by MT Bureau

At 2:22 pm,Swaraj Mazda has locked 5% upper circuit at Rs. 239.35

Swaraj Mazda has locked 5% upper circuit at Rs. 239.35 after the manufacturer of light commercial vehicles signed an accord of technical assistance with Isuzu Motors.

TCS gains

Mon, 03/07/2006 - 14:11 by MT Bureau

At 1:27 PM, TCS has gained by 2% to Rs. 1771

TCS has gained by 2% to Rs. 1771 after the company eyes to spend Rs 13bn in capex during the running fiscal of which Rs 10bn will be on real estate. The scrip has touched an intra-day high of Rs. 1786 and a low of Rs. 1732 and has recorded volumes of over 2.8 lakh shares on NSE.

Market slides into Red

Mon, 03/07/2006 - 12:40 by MT Bureau

At 12:27 pm, the BSE Sensex is down by 13 points at 10597 and the NSE Nifty has lost by 12 points at 3116.

After registering weak opening markets slipped into red. At 12:27 pm (IST), the BSE Sensex is down by 13 points at 10597 and the NSE Nifty has lost by 12 points at 3116.

Bajaj Auto Edges Higher

Mon, 03/07/2006 - 11:47 by MT Bureau

Bajaj Auto has gained by 0.8% to Rs. 2771. The company announced an increase in June sales by 33% to 213,918 units. The scrip has touched a high of Rs. 2834.75 and a low of Rs. 2755.15 and has recorded volumes of over 31 thousand shares on NSE.

Hero Honda, SBI surge High

Mon, 03/07/2006 - 11:36 by MT Bureau

Hero Honda has gained by 0.6% to Rs. 799 after the company announced that its total vehicle sales last month were up 23.2% at 278,660 vehicles (including exports) as against 226,073 units in the same month last year. The scrip has touched a high of Rs. 810 and a low of Rs. 790 and has recorded volumes of over 1.2 lakh shares on NSE.

Super Bulls return

Fri, 30/06/2006 - 21:35 by MT Bureau

Finally, the markets surged higher after weeks of choppy trading. The bulls returned back on Dalal Street with a vengeance.

Finally, the markets surged higher after weeks of choppy trading. The bulls returned back on Dalal Street with a vengeance. Index heavyweights led the bulls from the front in today's rally. The markets across the globe rallied smartly after the Federal Reserve hiked the interest rates by a quarter-point, they seemed to be leaning towards a pause particularly the US, interpreted from the accompanying FOMC statement. However, the Fed has still left the door open for further firming if the data suggests that inflation in the world's second-largest economy is still at uncomfortable levels.