GMDC hits 5-year high
Kolkata: The Gujarat Mineral Development Corpration stock on Wednesday perked up further on aggressive buying a number of portfolio managers. The stock moved by around Rs 40 in the last three trading sessions.
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Sterlite back in limelight
Mumbai: The counter of copper major Sterlite Industries is back on the buy list of several investors over the last few days. In the last five trading sessions, the stock is already up almost 20 per cent. Market watchers attribute the rise to the possible listing of the Sterlite group company on London Stock Exchange.
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Six-day rally ends due to profit-booking
Mumbai: After having gained close to 400 points since last Monday, selling in key index stocks - led by ICICI Bank, Hindustan Lever and Dr Reddy's - resulted in a correction on the indices on Wednesday. The Sensex ended the day at 5,064.91 points, down by 32.93 points compared to its Tuesday's close. The Nifty shed 9.55 points as it ended at 1,609.15 points. In spite of the Sensex closing in the negative territory, advances outpaced declines by a ratio of 5 to 4.
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FIIs propel Jaiprakash Industries
Mumbai: Sustained buying support by domestic and foreign funds, saw the stock of Jaiprakash Industries soar to new highs - Rs 118.35 (NSE) and Rs 118.40 (BSE) - on the bourses. Brokers said a UK-based FII mopped up a large quantity of shares at the counter on Wednesday. Amongst domestic funds, ICICI Pru has reportedly been actively supporting the stock in the recent past. The stock, which has gained by around 32 per cent over the last one month, has appreciated by around 314 per cent from its low of Rs 27..15 (BSE) as on April 1. The stock ended the day at Rs 112.15, up 12.09 per cent with around 1.05 crore shares traded on the NSE. On the BSE, the stock closed at Rs 111.65, up 12.10 per cent with around 55.5 lakh shares traded.
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