The BSE Sensex lost 100 points to close at 12,575 and the Nifty was down 44 points to close at 3,816.
It was another bad day for Indian bourses on Wednesday. Market extended loses to fifth straight trading session as bulls were unable to hold on to early gains.
Markets started off the day on a positive note, shrugging off weak cues from the US and the Asian markets. However, as the day progressed markets erased early gains as bears took over after benchmark index hit an intra-day high of 12,935. From there on markets showed no signs of recovery till the last hour of the trading session to close below previous day’s close. Finally the Sensex lost 100 points to close at 12,575 and the Nifty was down 44 points to close at 3,816. Volume Toppers… RPL was among the most traded counter on the bourses. Others like, RNRL, IFCI, Ispat Industries, IDFC, Ranbaxy, TTML, Marksans Pharma, DLF and Cairn India were among the stocks in demand in the liquid universe. Ranbaxy Labs was the talk of the day as the stock staged a sharp rally on Wednesday after the company announced the agreement with Daiichi Sankyo Co. is binding and it’s on track. Ranbaxy is continuing to seek approvals to take the transaction forward. Daiichi Sankyo Co earlier had agreed to buy 34.8% stake of Ranbaxy Laboratories, and a portion of about US$1bn of preferential stock. The Ja
panese drugmaker also have to offer to buy a further 20% from shareholders, under the Indian takeover rules. The stock finally surged 15% to close at Rs470 hitting an intra-day high of Rs476 and a low of Rs417 recording volumes of over 1,00,00,000 shares on NSE. The top gainers in Sensex were Ranbaxy Labs (up 15%), ITC (up 3.4%), Bharti Airtel (up 2.9%), ONGC (up 2.2%), Hindustan Unilever (up 1.6%). The top losers in Sensex were DLF (down 7.9%), HDFC (down 4.5%), SBI (down 3.9%), Tata Steel (down 3.5%) and TCS (down 3%). The largest losers in IT sector were Financial Technologies (down 4.4%), TCS (down 3%), Wipro (down 2.1%), Sasken Communication (down 1.2%) and Patni (down 1.1%). The largest gainers in IT sector were I-Flex (up 5.7%), HCL Tech (up 1.3%), Mphasis (up 1%) and Infosys Tech (up 0.2%). The top losers in Capital Goods were Dredging Corp (down 6.2%), Aban Offshore (down 5.7%), BEML (down 3.9%), Siemens India (down 3.5%) and Esab India (down 2.9%). The top gainers in Capital Goods were Ingersoll Rand (up 4.9%), Astra Microwave (up 3%), Thermax (up 2.6%), Carborundum Universal (up 2.6%) and Usha Martin (up 2.5%). Source : India Info Line
panese drugmaker also have to offer to buy a further 20% from shareholders, under the Indian takeover rules. The stock finally surged 15% to close at Rs470 hitting an intra-day high of Rs476 and a low of Rs417 recording volumes of over 1,00,00,000 shares on NSE. The top gainers in Sensex were Ranbaxy Labs (up 15%), ITC (up 3.4%), Bharti Airtel (up 2.9%), ONGC (up 2.2%), Hindustan Unilever (up 1.6%). The top losers in Sensex were DLF (down 7.9%), HDFC (down 4.5%), SBI (down 3.9%), Tata Steel (down 3.5%) and TCS (down 3%). The largest losers in IT sector were Financial Technologies (down 4.4%), TCS (down 3%), Wipro (down 2.1%), Sasken Communication (down 1.2%) and Patni (down 1.1%). The largest gainers in IT sector were I-Flex (up 5.7%), HCL Tech (up 1.3%), Mphasis (up 1%) and Infosys Tech (up 0.2%). The top losers in Capital Goods were Dredging Corp (down 6.2%), Aban Offshore (down 5.7%), BEML (down 3.9%), Siemens India (down 3.5%) and Esab India (down 2.9%). The top gainers in Capital Goods were Ingersoll Rand (up 4.9%), Astra Microwave (up 3%), Thermax (up 2.6%), Carborundum Universal (up 2.6%) and Usha Martin (up 2.5%). Source : India Info Line Popularity: 1% [?]
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