03:30pm Market Closing
The market rallied for the seventh consecutive session on
Friday, spiking nearly 2000 points on the Sensex (in seven days). The Sensex today
gained 272.82 points or 0.94 percent at 29278.84 and the Nifty jumped 60.15
points or 0.69 percent to 8821.55 on ECB stimulus.
About 1140 shares have advanced, 1803 shares declined, and
253 shares are unchanged on the BSE.
Tata Power saw huge buying interest in late trade, up nearly
7 percent. Tata Motors and Bharti Airtel rallied close to 4 percent. DLF spiked
5.5 percent, and Cairn India jumped over 4 percent on rise in crude oil prices.
Cipla, L&T, HDFC Bank, HUL, M&M and Sesa Sterlite
gained 2-3 percent whereas PNB, GAIL, BHEL, HCL Technologies and ONGC were down
1-2.7 percent.
03:15pm Atul under pressure
Atul has registered a 17.6 percent drop in its third
quarter net profit at Rs 53.7 crore against Rs 65.2 crore in the same quarter
last year. The stock lost 5 percent.
Net sales of the chemical company were up 7.2 percent at Rs
617.2 crore versus Rs 575.8 crore during the same period
Operating profit grew 20 percent to Rs 84 crore from Rs 65
crore and margin jumped 150 bps to 13.7 percent versus 12.2 percent on yearly
basis. Its other income was down at Rs 4 crore versus Rs 20 crore.
03:00pm Market Update
The market extended gains as the Sensex surged 294.44 points
or 1.02 percent to 29300.46 and the Nifty climbed 77.65 points or 0.89
percent to 8839.05.
Tata Power topped the buying list, up 7 percent followed by
Tata Motors and Bharti Airtel with 4 percent rally. HDFC Bank, L&T, HUL,
M&M and Cipla surged 2-3 percent. More information please visit this site www.bigprofitbuzz.com
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