Dec 04, 2014, 02.12 PM IST | Source: Moneycontrol.com
ABB climbed 13 percent as ABB Global CEO told CNBC-TV18 that they have no plans to delist subsidiary ABB India. He says that they have plan to double exports from India in next 3-5 years.
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Sensex, midcap consolidate; ABB, Godfrey Phillips in focus
ABB climbed 13 percent as ABB Global CEO told CNBC-TV18 that they have no plans to delist subsidiary ABB India. He says that they have plan to double exports from India in next 3-5 years.
14:12
Moneycontrol Bureau The market continued to see consolidation after touching record high in the early trade. The Sensex gained 43.98 points at 28486.69 and the Nifty fell 0.05 point to 8537.60. The broader markets gained 0.3 percent.The market breadth remained marginally positive. About 1444 shares have advanced while 1313 shares declined on the Bombay Stock Exchange.
ABB climbed 13 percent as ABB Global CEO told CNBC-TV18 that they have no plans to delist subsidiary ABB India. He says that they have plan to double exports from India in next 3-5 years.
Godfrey Phillips and VST Industries posted gains of 4 percent and 2.5 percent, respectively. The government is unlikely to ban sale of loose cigarettes in near-term as the proposal will hurt tobacco farmers. The health and agriculture ministries will now conduct a study on the same, say sources.
Sadbhav Engineering gained 2 percent after the company's subsidiary Sadbhav Infra filed a DRHP with Sebi to undertake IPO . Sadbhav Infra will issue 1.62 crore shares worth Rs 600 crore in an IPO. Sadbhav Engineering owns 80 percent of Sadhav Infra and the remaining 20 percent is owned by Norwest Venture Partners and Xander Group.
13:00
ITC, Sesa Sterlite, Cipla, HUL and ONGC are top gainers in the Sensex. Among the losers are ICICI Bank, Bharti Airtel, BHEL, Hindalco and Tata Power.
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12:00
Infosys remained in focus today after CEO, Vishal Sikka outlined strategy for the first time, saying 'renew' & 'new' will be the strategic focus for the IT major. He is also looking at acquisitions in under-penetrated geographies and verticals.
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11:00
ITC is managing to support the benchmark induces. The stock is up 5 percent followed by Cipla, ONGC, Sesa Sterlite and Maruti. Among the losers are ICICI Bank, Hindalco, Tata Power, BHEL and Axis Bank.
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10:00
Shares of Axis Bank, HDFC, Infosys, State Bank of India, Bharti Airtel, Larsen & Toubro, M&M, Sun Pharma and BHEL declined 0.3-1.3 percent.
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08:59
ITC is up 5 percent while Cipla, ONGC, Tata Motors and BHEL are other top gainers in the Sensex. Among the losers are ICICI Bank, Sun Pharma and Coal India.
Read More »
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