Monday 25 July 2011

Sensex Ends Up 136pts

Sensex
Markets will be moved to a later time transactions, such as index heavyweight, Reliance so hard to buy. The SENSEX after languishing near the dotted line for most of the day, it rose 187 points the highest 18909th index is now 18 887 - up 165 points. The great thing about up to 51 points at the 5686th

Reliance Rs 887 rose 1.5% after the government approved the BP deal. The Centre on Friday gave an unconditional acceptance of India's largest private sector company to sell 30% stake in Block 21 of British Petroleum. The government, however, retains allow two blocks. In the meantime, the company plans to announce in June quarter today.

Asian stock markets fell today, concerns continue to plague debt investor emotions in the United States. U.S. leaders failed to agree on the weekend to increase the public debt limit before the deadline August 2.2011, leading to fears of a sovereign default. The global financial crisis, which was rooted in the poor regulation in the U.S. housing and banking sectors, have already been tarnished perceptions of the U.S. overseas ....

Bank of India posted a net profit decreased by 28% from Rs 517.5 crore in the first quarter ended on June 30, 2011. State-owned bank had posted net profit of Rs 725.1 crore same quarter last fiscal year. 3% of the stock shed Rs four hundred and third

However, total revenues in the bank with 34.8% of Rs 7,293.6 crore compared to Rs 5,407.6 crore during the year ago period.

Shares of the leading mobile service provider Bharti Airtel jumped after the company's mobile phone costs raised by some of its telecom zones, triggering expectations that other companies in the market model, which is one of the cheapest call rates. Religare supplemented by smaller rival, Bharti and Idea Cellular "buy" from "hold" and raised the outlook for the Indian telecom sector to "overweight" from "neutral." Both stocks hit a new high today. Bharti Airtel was the largest contributor to the SENSEX upmove.

Patni Computers, software company today posted net profit of Rs 82.03 crore for the quarter ended June 2011, down 46.38% to Rs 153 crore for the corresponding quarter a year ago. Patni shares touched a new 52-week low of Rs 306 today and is currently at Rs 318 - down 4.6%.

Realty stocks of common concern, the RBI raising key interest rates again at its policy through tomorrow. BSE FMCG and IT indices were down for trades.

Meanwhile, rainfall between 14 July and 20 July 7% in the medium term, the Indian Meteorological Department. This comes after two consecutive weeks below average rainfall concern crops.

Markets look at RBI policy review, and continues to the results of the season. BHEL, Maruti Suzuki reported, Asian Paints, and Great Offshore quarterly earnings tomorrow. The following figures have come from Bank of Baroda, IDFC, Lupin and Oil India.
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