31 May 2007
It was a good close for markets with Nifty closing on a new high. The global cues were extremely positive as Asia ended higher and Europe opened in green. The markets were trading higher for better most of the day with a bit of volatility due to F&O settlement. Buying was seen in scrips across sectors. Auto, bank and FMCG stocks were among the top gainers. IT opened strong but was off day's high. Frontline stocks outperformed the broader markets. Among the frontliners Zee Ent, Maruti Udyog, HDFC, HDFC Bank, Hero Honda and Bajaj Auto were among the top gainers.
Deccan Aviation was up over 6.5% on market reports that Deccan and Kingfisher will come together.
Tata Tea was among the gainer up over 5% on reports that it will acquire majority stake in Mount Everest Mineral Water.
Power stocks NTPC, Suzlon and Reliance Energy were trading weak.
Sugar stocks were in green with goverment likely to increase the buffer stocks. Sugar stocks like Triveni Engineering, Balrampur Chini and Bajaj Hindustan are trading in green.
