Oil & Gas stocks up while Tech stocks are down
1-Jan-1970

Moving with its inactive pace, the market is still not showing the clear signs. Lower crude oil prices giving the Oil & Gas stocks boost, while technology stocks are down on back of profit booking.

Among Oil & Gas stocks, Reliance Industries has surged by 1% to Rs. 1137, BPCL has spurred higher by 0.6% to Rs. 389, Essar Oil is up by 0.2% to Rs. 55 and Petronet LNG has added 0.2% to Rs. 49.

On the other hand, of Tech stocks, Rolta has dipped by 1.4% to Rs. 208, Infosys has plunged by 1.2% to Rs. 1808, Wipro is down by 0.2% to Rs. 511 and I-Flex has lost by 0.2% to Rs. 1434.

ACC has gained by 1% to Rs. 954. The scrip, which is trading smartly in a quite trading session, has touched a high of Rs. 955 and a low of Rs. 940 and has recorded volumes of over 4,00,000 shares on NSE.

The manufacturer of tyres, tubes, flaps, cement, viscose filament, rayon yarn, cellophane paper etc., Kesoram Industries has locked 5% upper circuit to Rs. 450. The scrip has touched a high of Rs. 450 and a low of Rs. 430 and has recorded volumes of over 2,00,000 shares on NSE.

Lincoln Pharma has slipped by 1.7% to Rs. 8. The company to consider over preference issue on Oct 10. The scrip has touched a high of Rs. 10 and a low of Rs. 8 and has recorded volumes of over 61,000 shares on NSE.

On contrary, Escort has surged by 13% to Rs. 108 on back of huge volumes. The scrip has touched a high of Rs. 109 and a low of Rs. 95 and has recorded volumes of over 1,0000,000 shares on NSE.


Source: The Money Times, Mumbai, September 15, 2006
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