Sensex, Nifty rebound amid consolidation; Pipavav
falls 10%
The market rebounded with marginal gains on Thursday. The Sensex rose 62.50 points to 29443.23 and the Nifty advanced 6.75 points to 8929.40.
About 365 shares have
advanced, 140 shares declined, and 97 shares are unchanged on the BSE.
M&M, Sun Pharma, ITC, Cipla, Bajaj Auto, BHEL, Tata Motors and L&T are
prominent gainers in early trade while ICICI Bank, NTPC, GAIL, Infosys, HUL and
Jindal Steel are under pressure.
Reliance Infrastructure
gained 2 percent and Papaya Defense tanked 10 percent.
Reliance Infrastructure
has acquired 18 percent promoter's stake in Pipavav Defence for Rs 819 crore at
Rs 63 apiece. Reliance Infra will make open offer for 26 percent stake in
Pipavav at Rs 66/share.
The Indian rupee has opened lower; down 7
paise to 62.32 a dollar compared to 62.25 a dollar in previous session.
Intraday Stock Tips
Intraday Stock Tips
BUY BF UTILITIES
(LCP-674.85) ABOVE 677 TG-683-690
BUY NBCC (LCP 1016.45)
ABOVE 1020 TG-1027-1037
BUY TATA SPONGE (LCP
869.7) ABOVE 872 TG-878-885
BUY TATA ELEXI
(LCP-1372.35) ABOVE 1375 TG-1385-1398
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