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Markets on Friday: Market ends flat amid volatile trade, RIL down 1.6%, Wipro down 1.4%, BHEL down 3%, Sterlite down 2.3%

Friday, June 22, 2007

Inconclusive session of trade today; Market ends flat amid volatile trade.

CNX Midcap and BSE Small-cap Index ends flat

BSE Oil & Gas down 1.1%; RIL down 1.6%, IPCL down 1%, RPL down 0.7%

BSE IT Index down 0.78%; Wipro down 1.4%, Satyam down 1%

Index Losers; BHEL down 3%, Sterlite down 2.3%, Siemens down 2.1%, Tata Steel down 1.5%

NSE Advance Decline at 1:1. Total market turnover at Rs 52487.3 crore Vs Rs 57339.75 crore on Thursday

Inflation for week ended June 9 at 4.28% Vs 4.80%; market estimate at 4.43%. Inflation at 57-week low.

Small Cap Buzz:

Sathavahana Ispat: co-gen power plant is in final stages of commissioning
Kajaria Ceramics: board meet on Jun 29 to consider dividends
Vimta Labs; extend gains; stock up 40% in last 2 days
Vakrangee Software: extend gains on back market rumors of some govt order
Malu Paper: has retraced its issue price of Rs 30/sh; still off nearly 25% from its 52-week high of Rs 44.15

Mid-cap Buzz:

Avaya Global: open offer from Avaya Inc to be announced anytime
Gati: buzzing on expectations of good results during end of June
Rico Auto: Forms 50:50 JV with Germany-based Continental AG to manufacture Hydraulic Brake Systems
Gujarat Sidhee: volume almost 10x 10-day average
Educomp: raises m Via FCCB at conversion price of Rs 2949.83/sh

Posted by FR at 10:47 PM  


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