Sensex slips into red to 11,910 on day of F

Mumbai, Apr 27 (UNI) Sensex slipped into red this afternoon to 11,910 down by 27 points as compared to the previous close of 11,938 points on the last day of the future and options (F&O) expiry for the April.

Reliance Industries this afternoon announced the fourth quarter results showing a rise in profit by 9.2 per cent to 2,502 crore and their annual profit for the financial year 2005-06 (FY06) went up by 20 per cent to Rs 9,069 crore. The company declared 100 per cent dividend.

Reliance scrip touched a new all time high of Rs 1,011.65 per share but then came down to Rs 994.75 at 1414 hrs.

Earlier the benchmark index of the Bombay Stock Exchange (BSE) opened firm at 11,968 with a gap of 30 points and soon crossed 12,000 mark. Sensex touched a high of 12,086 points this morning and traded above 12,000 mark during the first four hours of trade.

The 30 share Sensitive Index (Sensex) was 110 points up at 12,048 at 1143 hrs.

The National Stock Exchange (NSE) S&P CNX Nifty index was down by 18 points at 3,537 points.

Softer crude oil prices at USD 71.50 per barrel was encouraging for the markets.

Indian Oil Corporation today sold 1.92 per cent equity of ONGC through bulk deal on the National Stock Exchange (NSE) comprising over 2.74 crore shares.

The deal was struck at Rs 1,340 per share amounting to Rs 3,669.73 crore for the 274,13,476 shares. ONGC scrip was down by 4.42 per cent to Rs 1,325 this afternoon.

NTPC this morning had a block deal too of 1.01 crore shares on the BSE at Rs 130 per share. NTPC scrip was down by 1.11 per cent to Rs 129.60.

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