The benchmark Sensex has touched an important psychological 19,000 mark today, for the first time since May 3, supported by firm global cues post lawmakers passed the crucial second austerity vote for Greece. There was a bit of volatility in the market.
ONGC shot up 5% to Rs 288 a share on likely royalty payment from Cairn.
CCEA has cleared Cairn-Vedanta deal with some conditions yesterday, wherein Cairn India will have to pay royalty to ONGC.
AK Hazarika, Chairman ONGC said benefit to ONGC would be minimum of Rs 18,000 crore. However, Carn India was down nearly 2%.
Vedanta group companies like Sterlite and Sesa Goa gained 1.5-2%.
DLF, HCL Tech, Reliance Power, Reliance Communications, Reliance Infrastructure, ACC, Ambuja Cements, Hindalco, GAIL and M&M were on buyers' radar.
No comments:
Post a Comment