Buzzing Stocks

Sensex Gains 184 Pts; Wipro Soars 4%

WiproAfter opening with a positive gap of 135 points at 15,038, the BSE Sensex soon reached to a high of 15,142.

Now, at 10:30, the stock index is up 184 points at 15,087.

On the back of its $600 million US acquisition, Wipro has surged 4.4 per cent to Rs 478.

Lowering Of Depository Rates Increases Operator Interest In SBI

After declaring State Bank of Indiaa cut in interest rates on one-two year deposits to 8% from 8

Simplex Projects Ends With 47% Premium

Today the equity shares of Kolkata-based integrated infrastructure player Simplex Projects were listed at Rs 323.75 or 75% premium to its issue price of Rs 185 on the BSE.

During the day, the scrip touched an intraday high of 323.75 and low of 266.70. Lastly, the company’s shares closed at Rs 272.05, an increase of 47%.

There were 6,719.672 shares for trading on the BSE counter.

Sensex Gains 153 Pts At Close; SBI Shines Again

After touching an intraday high of 15,235.51, the BSE Sensex finally ended the day at 15,138.40, up 152.70 points, whereas the broad-based NSE Nifty ended at 4,401.55, up 45.2 points.

Productivity Climbs And So Does JSW Steel

JSW Steel LimitedAfter recording a growth of 18% in crude steel production in July 2007 over July 2006, JSW Steel was trading up 0.79% to Rs 699.30.

In the meantime, the BSE Sensex was up 221 points to 15,207 chasing recovery in Asian stocks. Asian stocks arose today after a second consecutive session of gains on Wall Street on Thursday, 2 August 2007.

Split Plan Spurs SBI Stock To New Highs

State Bank of IndiaState Bank of India jumped 2.87% to Rs 1592.75 on reports that it is planning to make a holding company for its mutual funds and life insurance business.

About 11.24 lakh shares of the scrip were traded on the BSE counter. The scrip showed an average daily volume of 5.97 lakh shares within the last three months.