| | | Index Performance | | Index | Sensex | Nifty | | Open | 13,893.29 | 3,974.20 | | High | 13,960.39 | 3,997.35 | | Low | 13,819.77 | 3,961.95 | | Today's Cls | 13,846.34 | 3,970.55 | | Prev Cls | 13,859.69 | 3,974.25 | | Change | -13.35 | -3.70 | | % Change | -0.10 | -0.09 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Hinduja TMT | 740.35 | 12.82 | | FDC | 39.65 | 8.33 | | Ipca Lab | 595.40 | 7.31 | | Ramco System | 202.85 | 6.88 | | Bank of India | 205.35 | 5.33 | | Losers | | Godrej Consumer | 146.95 | -4.17 | | EIH | 105.75 | -4.04 | | J&K Bank | 656.25 | -3.79 | | CMC | 665.00 | -3.43 | | Sterling Biotech | 190.70 | -3.05 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,248 | 638 | | Declines | 1,392 | 720 | | Unchanged | 67 | 32 | | Volume(Nos) | 20.17cr | 33.34cr | | | | | | Market Commentary | | | Market dips marginally on late selling | | A late bout of selling pressure saw the market slip from higher levels and end in the red. | | After posting gains of over 100 points in the first half, the market steadily declined from its early highs and wilted under selling pressure at close. | | | The market, however, was extremely buoyant in early trades as the Sensex after opening 33 points above its last close at 13893 surpassed 13900 to touch an intra-day high of 13960. While selective selling pared gains by mid-noon trades, the Sensex eventually slipped below in late noon trades on extended correction and touched the day's low of 13820. The Sensex finally ended with a small loss of 13 points at 13846, while the Nifty virtually ended flat at 3971.
The market breadth was negative. Of the 2,707 stocks traded on the BSE, 1,392 stocks declined, 1,248 stocks declined and 67 stocks ended unchanged. The sectoral indices displayed mixed trend on the BSE.
Dragging the market from higher levels Cipla tumbled 2.43% at Rs253. Reliance dropped 1.25% at Rs1,277, SBI shed 1.18% at Rs1,236 and Tata Steel lost 1% at Rs477. Dr Reddy’s, NTPC, BHEL, Reliance Energy, L&T, Bajaj Auto, Ranbaxy, Satyam Computers and Maruti were down around 1% each. HDFC Bank, however, bucked the downtrend and advanced 2.09% at Rs1,079. Hero Honda gained 1.98% at Rs759, Gujarat Ambuja soared 1.20% at Rs144 and TCS gained 1.12% at Rs1,209 respectively.
Select health care stocks witnessed selling pressure. Sterling Biotech dropped 3.05% at Rs191, Novartis lost 2.45% at Rs357, Cipla declined 2.43% at Rs253, Matrix Labs moved down by 2.38% at Rs207 and Torrent Pharmaceuticals was down 2.32% at Rs204.
Over 27.61 lakh shares of Reliance Communication traded on the BSE followed by HCL Techno (21.17 lakh shares), Sterling Biotech (16.17 lakh shares), Reliance (13.20 lakh shares), Century Textiles (11.44 lakh shares ) and Parsvnath (10.68 lakh shares). | | | | | | | | European Indices at 16:40 IST on 28-12-2006 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6233.00 | -12.20 | -0.20 | | CAC 40 Index | 5526.83 | -13.18 | -0.24 | | DAX Index | 6606.24 | -2.62 | -0.04 | | | | | | | | | | | Asian Indices at close on 28-12-2006 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17224.81 | 1.66 | 0.01 | | Hang Seng Index | 20001.91 | 276.18 | 1.40 | | Kospi Index | 1434.46 | 9.36 | 0.66 | | Straits Times Index | 2963.49 | 2.24 | 0.08 | | Jakarta Composite Index | 1805.52 | 2.26 | 0.13 | | | | | | | | | | | | “This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
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