Sensex settles above 15,100 in volatile trade
Key benchmark indices ended with marginal gains after swinging wildly. The market breadth was just about positive. Turnover on BSE remained dull. European markets recovered after weak start. Asian markets were trading mixed.
The Bank of England left interest rate unchanged at 5% at its meeting today, 7 August 2008. The European Central Bank which also meets today is expected to hold interest rates at 4.25%.
The Indian government will release the weekly inflation data today, 7 August 2008,
Sensex rose 43.71 points or 0.29% at 15,117.25.
Nifty was up 6.30 points or 0.14% at 4523.85.
Turnover was dull today.
Reliance Communications (RCom) was down 1.71% to Rs 438.65. According to recent reports, the company is all set to float a $500-million tender for GSM 3G networks. At present, RCom is predominantly a CDMA-based operator which is now looking at 3G services only in the GSM space.
Reliance Industries (RIL) was down 1.45% at Rs 2262.50 on 10.30 lakh shares. The stock moved in a range of Rs 2315.25 and Rs 2248.60 so in the day. However, Reliance Natural Resources (RNRL) was up 0.70% to Rs 100.95.
As per reports, the Bombay High Court (HC) has once again postponed hearing on the RIL-RNRL case till 12 August 2008. The court will decide in its next hearing whether the government can intervene in this case at this stage. The government had filed a petition in the HC to become a party to the case, supporting RIL.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment