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Wednesday, July 1, 2009

Stock News /Sensex Movers and Gainers

Public Sector Stocks saw an increase in the light of Budget getting released on July 6th. Some of the companies which saw a good rise in the recent days are Hindustan Copper,Bharat Electronics and MTNL. The Public sector stocks owned mostly by the Government rose anywhere between 3 to 14 percent. The congress Government is planning to relook at the disinvestment programme which would help it to raise money leading to a spulrge in the PSU stocks.

ONGC, HDFC and Reliance Industries have gained significantly and rose and grown between 0.5 to 8 % and have joined in the list of Sensex Movers. Tata Motors and TCS have come down by 295 to 385 Rs. Punjd Lyold and Tech Mahindra also are on the rising side as the internals of the company is showing a growing pattern.

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