| | | | Index Performance | | Index | Sensex | Nifty | | Open | 13,886.00 | 4,111.25 | | High | 13,956.40 | 4,136.25 | | Low | 13,741.24 | 4,066.40 | | Today's Cls | 13,765.46 | 4,077.00 | | Prev Cls | 13,879.25 | 4,111.15 | | Change | -113.79 | -34.15 | | % Change | -0.82 | -0.83 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Micro Inks | 435.15 | 7.55 | | Britannia | 1,398.00 | 5.87 | | Reliance Capital | 772.80 | 4.08 | | Mirc Electronics | 19.75 | 3.95 | | ICI India | 450.00 | 3.48 | | Losers | | Ispat Industries | 16.11 | -7.52 | | RCF | 38.40 | -6.91 | | Rolta India | 445.65 | -6.03 | | HCL Infosys | 138.50 | -4.58 | | Cummins India | 290.25 | -4.49 | | | Market Statistics | | - | BSE | NSE | | Advances | 873 | 425 | | Declines | 1,692 | 1,035 | | Unchanged | 70 | 30 | | Volume(Nos) | 23.94cr | 41.56cr | | | | | | Market Commentary | | | Market ends choppy | | Led by the heavy selling in IT stocks, the Sensex witnessed another fall and shed 114 points for the day. | | With no possible cues to direct the market and a lack of buying support in the last couple of sessions, the Sensex opened marginally in the green before slipping | | | | into the negative terrain. As buying intensified among metal, capital goods, banking and auto stocks, the Sensex entered into positive territory and touched the intra-day high of 13956. However, heavy to moderate selling in IT, consumer durables and auto stocks dragged the market into the red again and the Sensex touched the day's low of 13741. The Sensex finally closed with a loss of 128 points at 13765 while the Nifty shed 42 points to close at 4069.
The breadth of the market was extremely negative. Of the 2,635 scrips that traded on the BSE, 1,692 stocks declined, 873 stocks advanced and 70 stocks ended unchanged. All the 11 sectoral indices of the BSE ended in negative territory. The BSE IT index led the slump and shed 1.61% at 4933. The BSE Teck index, the BSE Auto index, the BSE CD index and the BSE HC index lost over 1% each. | | | Movers & Shakers | - Shrenuj & Company rallied sharply on acquiring Simon Golub & Sons through its subsidiary Astral Holdings.
- Kavveri Telecom zoomed on entering into an agreement with Ericsson India for the supply of products to be used by its customers throughout India.
- Larsen & Toubro gained on securing a Rs215-crore order from the Abu Dhabi Water & Electricity Authority.
- Venus Remedies gained on commencing the Phase III of the Baddi project consisting of two dedicated plants.
- Tata Tea slipped despite entering into a joint venture with Zhejiang Tea Import and Export Company of China.
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Among index heavyweights, Hero Honda dropped 3.51% at Rs680, SBI declined by 3.36% at Rs1,082, Infosys lost 1.79% at Rs2,002, Dr Reddy's Lab shed 1.75% at Rs691, Wipro slumped by 1.51% at Rs546, Reliance Energy slipped by 1.35% at Rs506 and Cipla dipped by 1.35% at Rs112. However, ACC managed to report gains and moved up by 2.68% at Rs886 while Grasim, Tata Steel and L&T gained marginally.
Select IT stocks took a heavy beating on the bourses. Tech Mahindra tanked by 4.26% at Rs1,556, Mphasis fell by 3.63% at Rs314, i-Flex lost 3.24% at Rs2,277 and Financial Technologies was down 3.01% at Rs1,902.
Over 2.31 crore IFCI shares changed hands on the BSE followed by Tata Teleservices (72.16 lakh shares), Nagarjuna Fertilizers (65.71 lakh shares) and Reliance Natural Resources (64.97 lakh shares).
ICRA was the most actively traded counter on the BSE with a turnover of Rs260 crore followed by India Bulls (Rs229 crore), Tech Mahindra (Rs166 crore), Advanta (Rs137 crore) and Indiabulls Real Estate (Rs134 crore). | | | | | | | | European Indices at 16:32 IST on 08-05-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6564.60 | -39.10 | -0.59 | | CAC 40 Index | 6029.21 | -42.27 | -0.70 | | DAX Index | 7453.00 | -72.69 | -0.97 | | | | | | | | | | | Asian Indices at close on 08-05-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17656.84 | -12.99 | -0.07 | | Hang Seng | 20706.35 | -190.29 | -0.91 | | Kospi Index | 1582.65 | -1.81 | -0.11 | | Straits Times Index | 3439.21 | -38.38 | -1.10 | | Jakarta Composite Index | 2022.79 | -14.25 | -0.70 | | | | | | | | | | | | “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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