Share Market Updates

The market posted modest gains in volatile trading. The market had slipped into the red at one point of time in mid-morning trade, coming off sharply from a record high which it had hit at the onset of the trading session. It had recovered from lower level later.

The market breadth was quite weak. Healthcare, metal, consumer durable and auto stocks declined. IT stocks rose. Reliance Industries edged higher. European markets, which opened after Indian market, were firm. Asian markets, which opened before Indian market, were mixed. The Dow industrials and the S&P 500 rose on Monday, 7 January 2008.

Reliance Natural Resources rose 7.15% to Rs 244.15, on huge volume of 4.23 crore shares on BSE.

Satyam Computer Services, India's fourth-biggest software exporter in terms of sales rose 3.28% to Rs 427 after it, said on Monday, 7 January 2008, it had received a major contract from the Irish Further Education and Training Awards Council.