Home / Business / Money / Sensex, midcap consolidate; ABB, Godfrey Phillips in focus

Sensex, midcap consolidate; ABB, Godfrey Phillips in focus

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.

Like this story, share it with millions of investors on M3

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

The News International Team

Sensex, midcap consolidate; ABB, Godfrey Phillips in focus

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

Nifty hovers around 8550; Coal India down 1%, Cipla up 3%

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.

Read More »

12:00

ITC sees relief rally, ICICI Bank most active; Nifty choppyRead More »

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.

Read More »

11:00

BSE Sensex, Nifty flat; FMCG up, infra & banks in redRead More »

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.

Read More »

10:00

Sensex, Nifty off day’s high; HDFC, Infosys, SBI declineRead More »

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.

Read More »

08:59

Sensex loses early gains partially, midcaps downRead More »

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 »

RELATED NEWS

  • Plan to double exports from India in next 3-5 years: ABB
  • ABB up 20%; global CEO says no plan to delist Indian arm
READ MORE ON  BSE Sensex, Nifty, Market, ABB India, Godfrey Phillips
Previous Buy La Opala RG; target of Rs 518: Firstcall
Next Bezos defends Amazon’s wee profits, stance on publishers

  • Monte Carlo IPO opens: Should you subscribe?

  • Here are top 10 stocks to focus on December 4

  • Nifty will hit 1,25,000 by 2030: Jhunjhunwala

  • Wondering whether to invest in Monte Carlo IPO? Here’s help

  • Macquarie bullish on 5 large caps, midcaps; sees 9940 Nifty

  • Stocks in news: M&M, Axis, Sadbhav, MCX, Ranbaxy, ICICI

  • Super Six stocks you can bet on December 4

  • Mkt to double in 4yrs, PSU divestments to be a hit: BofA-ML

  • Govt to divest 5% stake in SAIL on Friday

  • Buy ICICI Bank, says Sudarshan Sukhani

  • FM for more cooperation to check tax evasion, smuggling

  • Coal India workers’ union mull going on a strike

  • GSK confirms US job cuts as market gets tougher

  • Banks may cut rates once risk appetite returns: Yes Bank

  • ABB up 20%; global CEO says no plan to delist Indian arm

  • Crude price at $ 60-70/bbl best for India’s billion: Ambani

  • Infosys eyes buyouts, new services to regain leader tag

video of the day

news videos

  • Hail eased construction norms, but benefits to lag: L&T

  • Mkt to double in 4yrs, PSU divestments to be a hit: BofA-ML

  • Banks may cut rates once risk appetite returns: Yes Bank

  • New Nifty target at 9960 for next 12 months: Macquarie

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...