Saturday, April 28, 2012

Indian Stock Market : Nifty near 5,200; Axis Bank, Jindal Steel, Ranbaxy up

The Nifty opened in the green on the special live session as the exchange is upgrading its futures and options trading system.

At 11:33 a.m., the Nifty was at 5,200, up 9.40 points, or 0.18 percent. It has touched a high of 5,212.15 and a low of 5,196.35 in trade today.

The Sensex was at 17,167.25, up 33 points, or 0.19 percent. It has touched a high of 17,194.59 and a low of 17,125.88 in trade today.

The BSE Midcap Index was up 0.14 percent and the Smallcap Index gained 0.22 percent.

Among sectoral indices, the BSE FMCG Index was up 0.56 percent, the BSE Bankex advanced 0.52 percent and the BSE Bankex gained 0.52 percent. The BSE IT Index was down 0.18 percent and the BSE Capital Goods Index declined 0.11 percent.

Axis Bank (2.63%), Jindal Steel (1.60%), Ranbaxy Laboratories (0.95%), Punjab National Bank (0.95%) and Hindalco Industries (0.88%) were among the top Nifty gainers.

Axis Bank reported a standalone net profit of Rs 1277.27 crore for the quarter ended March 2012. Interest earned stood at Rs 6,060.32 crore for the quarter.

Jindal Steel & Power posted a standalone net profit of Rs 2,110.65 crore for the year ended March 2012 against Rs 2,064.12 crore a year ago. Net sales rose to Rs 1,3270.67 crore for the year against Rs 9,534.89 crore last fiscal.

Sun Pharma (0.59%), Reliance Industries (0.30%), Power Grid Corporation (0.23%), TCS (0.17%) and Hero MotoCorp (0.16%) were the major index losers.

The market breadth was positive on the NSE with 665 gainers against 499 losers.

The NSE is upgrading its futures and options trading system and, hence, conducting a special live trading session today in the F&O and capital market segments. The market will remain open for trading between 11:15 a.m. and 12:45 p.m.

The daily mark to market settlement for futures and the premium settlement for options for trades done in the F&O segment will take place on Monday, 30 April 2012.

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