Hourly Update

Market closes with boost

Mumbai -- After witnessing the ups and downs in the afternoon tradings, the buying momentum in late afternoon trades boosted the index to close higher in a range bound trading session.

Though, the market witnessed a narrow range for most of the part of the day as every bout of buying was conclusively settled with selling, still the index heavyweights like RIL, SBI, L&T, Grasim and Ranbaxy pushed the market higher.

Profit booking drags Pharma stocks

Mumbai -- After opening in negativity in the morning and than later trading with smarter gains, the market is floating in between ups and downs in afternoon trades.

On one hand, HPCL has gained by 4% to Rs. 267, the scrip is the biggest gainer among the 50 scrips of NSE Nifty and has touched an intra-day high of Rs. 271 and low of Rs. 258 and has recorded volumes of over 10 lakh shares on NSE.

Abbott India, R Systems & Energy stocks are up

Mumbai -- Although opening in the negative territory in the morning, the market is advancing further with gains.

An announcement of the buyback of shares has helped Abbott India to advance further. Abbott India, which is engaged in the manufacturing of pharmaceutical formulations in India, has surged by 1.5% to Rs. 587 after the company has made announcement to buyback shares at Rs. 650 per share. The scrip has reached an intra-day high of Rs. 593 and a low of Rs. 582 and has recorded volumes of over 10 thousand shares on Bombay Stock Exchange (BSE).

Market is trading firm

Mumbai -- The market is trading firm in the afternoon trades after chopping some gains in the earlire trades.

India's largest private sector company, Reliance Industries has surged higher by 0.6% to Rs. 1113. As per the reports, the company is seeking a 40% stake in the Rewas Port, a build-own-operate-share-transfer (BOOST) greenfield port project. The scrip has reached an intra-day high of Rs. 1125 and a low of Rs. 1101 and has recorded volumes of over 31 lakh shares on NSE.

SBI, UTI & Tata Steel trading well

Mumbai -- After opening in green territory in the morning, the market continues with its grace.

Among the Banking stocks, after getting clearance of SBI Act from Union Cabinet SBI has flew higher by 3.6% to Rs. 907. India's largest public sector bank has also confirmed the Aug. 3 hike in the PLR. SBI shares touched the highest in three months. The scrip has reached an intra-day high of Rs. 924 and a low of Rs. 885 and has recorded volumes of over 4 lakh shares on NSE.

TV18, GMR & Punj Lloyd help push the market higher

Mumbai -- Market is witnessing a positive trading after facing negativity in the midday session. With its regained strong position the market is advancing further with a boost.

Immediately after the TV18's announcement of acquisition of three internet firms,the company stocks surged higher by 0.5% to Rs. 665. The company’s internet unit is planning to take over 3 Internet firms. The scrip has touched an intra-day high of Rs. 672 and a low of Rs. 641 and has recorded volumes of over 24 thousand shares on NSE.

Market recovering after staying red in the midday

Mumbai -- After witnessing a positivity in the morning session and slipping into red in the midday trading, market regained its strength in the afternoon session.

On the back of buying in index heavyweights like Reliance Industries, Bajaj Auto, SBI, ACC and Tata Motors,the markets have recovered from lower levels. Auto, Cement and Pharma stocks are trading with gains. In the afternoon, BSE 30-share Sensex was up by 20 points at 11427 and NSE Nifty was up by 10 points at 3346.

HCL, JK Ind & Pharma stocks boost market

Mumbai -- The market, which is witnessing ups and down since morning, gained some strength when positive trading made its way towards it.

Among the pharma industries, Dishman Pharma has spurred by 5.4% to Rs. 210 after the company takes over Swiss Research Company. The scrip has touched an intra-day high of Rs. 214 and a low of Rs. 197 and has recorded volumes of over 80 thousand shares on NSE.

Low trading bounced the market back

Mumbai -- Market again twisted into negativity, led by selling in the Banking and FMCG stocks.

Profit booking dragged the Index heavy weights like Bajaj Auto, HLL, SBI, ONGC, ACC and M&M back. In the afternoon tradings, the BSE 30-share Sensex has plunged by 34 point at 11467 and the NSE 50-share Nifty is down by 10 points at 3354. HDFC, Cipla, PNB, M&M, HDFC Bank and ITC are the major losers among the 50-scrips of Nifty.

Market picking up after starting in Red

Mumbai -- After opening in red territory, market is gradually picking up its hold.

Among the hotel Industries, Taj GVK Hotels has surged by 1.6% to Rs. 219. As per the reports, the company plans to invest as much as Rs. 6bn in the next two years on expansion in Hyderabad, Bangalore and Chennai. The scrip has touched an intra-day high of Rs. 222 and a low of Rs. 218 and has recorded volumes of over 14 thousand shares on NSE.

Rel.Ind., ONGC & BILT surge higher while Auto stocks slip

Mumbai -- Keeping up with its today's positive trend, the market went further up.
Among the energy stocks, ONGC is advanced by 1.7% to Rs. 1211 after the Chairman of the company R.S. Sharma disclosed their intentions to invest Rs. 1.3 trillion ($28bn) in ensuing 5 years, to expand business. The scrip has touched an intra-day high of Rs. 1214 and a low of Rs. 1160 and has recorded volumes of over 5 lakh shares on NSE.

Bharti Airtel, Punj Lloyd & Metal stocks are up

Mumbai-- After opening in green territory, the market continues its trend with positive tradings.

Patni has moved further by 2.7% top Rs. 370, after the company’s ADR was high over 11% overnight on Wall Street. The scrip has touched an intra-day high of Rs. 389 and a low of Rs. 363 and has recorded volumes of over 3 lakh shares on NSE.