stock market
Posted on: July 28, 2008 - 10:28pm
stock market
sir,
from india street i undrerstand that hitkari fibers are taken over through reverse merging process by spice energy pvt ltd.. the scrip is every day cealing for the past 40 days. i am holdig some shares. anyone having any information about this company plz reply to me. should i hold the scrip till spice energy buys up to 85% to 90 % of the shares .
Markets started the week with negative bias extended its losing streak to fourth straight trading session on the back of fresh spike in inflation and mixed global cues. Markets had opened flat in early trade and remained rangebound. After the initial weakness, the index rebounded into the positive zone however, could not hold gains and slipped back into the negative zone. Weak Asian and European markets also fueled to negative sentiments. From the sectoral front selling was seen in oil & gas, metal, auto, realty and FMCG stocks barring IT stock. The Sensex has touched an intraday high of 14,824.92 and low of 14,600.65 and Nifty slipped below 4400, it has hit a high/low of 4447.40 and 4379.85, respectively. Finally, the Sensex slipped 78 points to close at 14,645 and Nifty ended 37 points lower to close at 4,393. Amongst frontliners, top losers are GAIL, Ambuja Cements, Hindalco, Grasim Ind, ABB, Reliance Communication, M&M and ACC while HDFC, Dr Reddys Labs, HDFC Bank, Satyam, L&T and TCS among the gainers. Amongst midcap stocks, India Infoline, Bombay Dyeing, Ashapura Mine, Emami, Essar Shipping, SintexIndia