Equity Alert: Indices off lows on better-than-expected IIP data
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K.Karthik Raja
Jun 12, 2008, 3:31:53 AM6/12/08
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Equity Alert: Indices off lows on better-than-expected IIP data
Equity Alert: Indices off lows on better-than-expected IIP data
MUMBAI--12:45PM--Share indices were off lows, with Sensex gaining
nearly 200 points from the session's low, as investors found comfort
in better-than-expected rise in April industrial growth to 7% against
6% estimated.
Sensex was at 14940.93, down 244.39 points, or 1.6%. Nifty was at
4456.85, down 67.05 points, or 1.5%.
Share indices had fallen nearly 3% ahead of the industrial growth
data.
Idea Cellular, up 3.5% at 100 rupees, was the top Nifty gainer on
reports Telekom Malaysia would buy less than 15% in the company for
150 rupees a share.
Sun Pharmaceuticals, up 1.5%, and Tata Motors, up 1%, were other
major gainers.
Real estate, bank and capital goods shares were major laggards on
Nifty.
DLF, down 6%, was the worst hit on Nifty. HDFC Bank fell 5% and
Bharat Heavy Electricals was down 4%.
Equity Alert: Indices off lows on better-than-expected IIP data
MUMBAI--12:45PM--Share indices were off lows, with Sensex gaining
nearly 200 points from the session's low, as investors found comfort
in better-than-expected rise in April industrial growth to 7% against
6% estimated.
Sensex was at 14940.93, down 244.39 points, or 1.6%. Nifty was at
4456.85, down 67.05 points, or 1.5%.
Share indices had fallen nearly 3% ahead of the industrial growth
data.
Idea Cellular, up 3.5% at 100 rupees, was the top Nifty gainer on
reports Telekom Malaysia would buy less than 15% in the company for
150 rupees a share.
Sun Pharmaceuticals, up 1.5%, and Tata Motors, up 1%, were other
major gainers.
Real estate, bank and capital goods shares were major laggards on
Nifty.
DLF, down 6%, was the worst hit on Nifty. HDFC Bank fell 5% and
Bharat Heavy Electricals was down 4%.
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