Market Updates

Sensex Recovers in Mid-Afternoon

Ivaylo
05 Jun, 2007
New York City

    The morning session of the market was highly volatile with IT stocks advancing while refinery stocks plunged on a reduction in jet price of fuel. In early afternoon trading, the benchmark index was in positive territory on a rally in SBI and Reliance Energy. ITC and Larsen & Toubro are the leading decliners. At mid-day trade the market-breadth is even.

[R]5:30AM NY- 4:30PM Mumbai Sensex is higher Tuesday in mid-afternoon trading.[/R]

The Sensex on BSE is up 40 points, at 14,536 in mid-afternoon trade.

The market-breadth is slightly positive. For 1,245 which have advanced, 1,265 have declined and 82 are unchanged. The turnover on BSE was Rs 1,780 crore in mid-afternoon trade.

Advancers

SBI has advanced nearly 2% to Rs 1,432, and Reliance Energy has surged 1.6% to Rs 550. ICICI Bank and Bharti Airtel have gained around 1% to Rs 945 and Rs 836. Infosys also advanced over 1% to Rs 1,937.

Decliners

ITC leads the decliners, down 1.7% to Rs 162. Larsen & Toubro has lost 1.4% to Rs 1,943, and Gujarat Ambuja is off 1% at Rs 113.

Refining companies declined in early trading, after they reduced jet fuel prices by 1.9%, the first cut since February 2007. Hindustan Petroleum Corporation lost 1.95% to Rs 280, Indian Oil Corporation lost 0.25% to Rs 449 and Bharat Petroleum Corporation was off 1.16% to Rs 350.

Annual Returns

Company Ticker 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Earnings

Company Ticker 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008