Hourly Update

Market witnesses Volatility

Mumbai -- After opening in green territory the market floated in between ups and downs.

SRF Ltd., the flagship of the Arun Bharat Group, has dipped by 0.5% to Rs. 242. The Board of Directors of the Company at its meeting held on September 06, 2006 has announced that the Company's offer of buyback of equity shares wll be closed on September 25, 2006.

FMCG, Metal and Power stocks boost the market

Mumbai -- The market stays firm after registering positive note in the opening today.

FMCG stocks are trading with smart gains. Archies has surged by 6% to Rs. 143, ITC has rallied by 1.8% to Rs. 191, Tata Tea has gained by 1.55 to Rs. 809 and HLL is up by 0.6% to Rs. 244.

Market opens in green

Mumbai -- Fresh buying in index heavy weights like Reliance Industries, Dr Reddy’s Lab, Infosys, Tata Motors, Ranbxy, HLL and Tata Steel helped the markets to open in green territory. In the morning trading session, the BSE 30-share Sensex is up by 7 at 11910 and NSE 50-share Nifty is flat at 3468. Dr Reddy’s Labs National Aluminum, Hindalco, REL, Tata Power and ITC are the key gainers among the 50-scrips of Nifty.

Profit booking dragged auto, Tech and Banking stocks

Mumbai -- After registering the negative note in the opening and then trading with smart gains, finally, the markets closed lower with benchmark Sensex losing 9 points to close at 11904 and NSE Nifty lost 3 points to close at 3473. Auto, Technology and Banking stocks slipped on account of profit booking.

ACC, Ashok Leyland & Rel Energy surge higher

Mumbai -- The market has managed to retain its firm position after opening in red territory in the morning today.

Simplex Infrastructure has got a boost after winning an order worth Rs. 2.49bn. The infrastructure solutions provider has gained by 1.8% to Rs. 1580 after the company secures an order of Rs. 2.49bn. The scrip has touched an intra-day high of Rs. 1634 and a low of Rs. 1565 and has recorded volumes of over 7, 000 shares on NSE.

Suzlon, Goldiam & Hotel Leela boost the market

Mumbai -- The market seems coming out of its gloomy position as
some regions are trading with smart gains.

After signing 105 MW deal worth Rs. 4.83 billion with Edison Mission group (EMG)Suzlon Energy has surged higher by 0.2% to Rs. 1253. Suzlon Wind Energy Corporation (SWECO), a subsidiary of Suzlon Energy has signed the deal with EMG for 50 units of Suzlon's S88-2.1 megawatt wind turbines. The scrip has touched a high of Rs.1267 and a low of Rs. 1250 and has recorded volumes of over 54, 000 shares on NSE.

Market opens in red

Mumbai -- The selling pressure in index heavy weights like Reliance Industries, HLL, Grasim, HDFC Bank , ICICI Bank, Tisco and Infosys dragged the markets back in the opening today. In the morning trade session, the BSE 30-share Sensex is down by 19 at 11894 and NSE 50-share Nifty is flat at 3474. Britannia, Tata Power, Zee Tele, Tata Motors, HDFC, Maruti, National Aluminum and M&M are the big losers among the 50-scrips of Nifty.

Day closed on a strong note

Mumbai -- Finally, the markets closed on a strong note with Sensex adding 136 points to close 11914 and NSE Nifty was up by 41 points to close at 3477.

Tech stocks spurred high on the back of fresh buying. Satyam Computer rallied by 1.2% to Rs. 810, Infosys spurred by 1.3% to Rs. 1835, Rolta gained by 1.2% to Rs. 221 and I-Flex surged higher by 0.4% to Rs. 1430.

Apollo Tyres & Banking stocks are up

Mumbai -- After opening in positive territory in the morning the market is still able in retaining its firm position.

Apollo Tyres has advanced by 4% to Rs. 317 after the Board of directors of the company approved selling Rs. 2.5 billion of securities. The scrip has touched an intra-day high of Rs. 320 and a low of Rs. 306 and has recorded volumes of over 91, 000 shares on NSE.

Low crude oil prices boost the market

Mumbai -- The strong Global markets and sharp decline in crude oil prices boost the market in the opening trade. The benchmark Sensex was trading above the 11850 mark on the back of heavy buying in index heavy weights like Reliance Industries, Bajaj Auto, ONGC, Hindalco, Ranbaxy, ICICI Bank and SBI. In the morning trade session, the BSE 30-share Sensex was up by 99 at 11877 and NSE 50-share Nifty has gained by 26 points at 3462. However, Britannia, Hindustan Petroleum, Tata Motors, BPCL, IPCL and ICICI Bank are the major losers among the 50-scrips of Nifty.