sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Markets »
 FM calms nerves, says no plan to tax market gains
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?

Indian market opens higher
June, 06th 2008

Indian market opened higher Friday on the back of firm global cues, but gains were limited as investors await inflation data for the week ended May 24. At 10:01 a.m. IST, the Sensex was up 55.64 points or 0.4% at 15,825.36 and the broader Nifty was adding 27 points or 0.6% to 4,703.

Among BSE-30 stocks, gainers included HDFC 2.83%, Reliance Infrastructure 2.67%, Mahindra & Mahindra 1.57%, Satyam 1.51% and Tata Motor 1.39%. Top losers included ONGC 1.90%, Reliance Comm 0.94%, Hindustan Unilever 0.82%, Reliance Industries 0.74% and SBI 0.57%.

Among NSE-50 stocks, Cairn India gained 6.70%, Sterlite Industries rose 5.08%, Suzlon climbed 3.40%, Reliance Infrastructure added 2.62% and HDFC advanced 2.27%. Major losers included ONGC 2.29%, Hero Honda 0.93%, Punjab National Bank 0.79%, Reliance Comm 0.69% and Sun Pharma 0.67%.

Cairn India surged as the company got oil, gas exploration license in Sri Lanka. Nymex Crude extended gains Friday and traded above $128 a barrel in Asian deals. Suzlon Energy gained after the company bought Areva's stake in REPower. However, Sun Pharma slipped as the company expressed concern over Taro's decision to sell its Irish plant.

Asian markets are mostly higher, with Hang Seng advancing 1.0% to 24,496; Nikkei 225 index gaining 1.3% to 14,533; and Straits Times adding 0.7% to 3,165. China was losing 0.2% to 3,345.

On Thursday, the Dow gained 213.97 points or 1.73% to close at 12,604.45, the broader S&P 500 index added 26.85 points or 1.95% to finish at 1,404.05, and the tech-heavy Nasdaq composite index advanced 46.80 points or 1.87% to end at 2,549.94.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions