| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,551.53 | 4,285.75 | | High | 14,590.82 | 4,324.10 | | Low | 14,234.07 | 4,190.95 | | Today's Cls | 14,255.93 | 4,198.25 | | Prev Cls | 14,535.01 | 4,284.65 | | Change | -279.08 | -86.40 | | % Change | -1.92 | -2.02 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Dredging Corp | 518.95 | 2.65 | | Proctor & Gambler | 810.75 | 2.38 | | TNPL | 95.05 | 1.88 | | Hindalco | 148.75 | 1.88 | | Exide | 46.75 | 1.74 | | Losers | | BASF | 253.55 | -7.29 | | OBC | 230.25 | -5.60 | | PNB | 509.75 | -5.14 | | Birla Corp | 226.45 | -5.09 | | MICO | 4,370.35 | -5.06 | | | Market Statistics | | - | BSE | NSE | | Advances | 842 | 478 | | Declines | 1,706 | 1,065 | | Unchanged | 67 | 30 | | Volume(Nos) | 25.36cr | 47.84cr | | | | | | Market Commentary | | | Sensex cools, drops 279 points | | Across-the-board selling pressure led by the oil stocks saw the Sensex plummet 1.92%. | | The Sensex witnessed the awaited correction today as a meltdown in the major global indices turned the market upside down. After rallying for the past few sessions | | | | the index lost 279 points on sustained selling in heavyweights, oil, banking and metal stocks. The market began on a positive note at 14552 and touched the day's high of 14591 but remained range-bound as the trading progressed. After slipping below the 14500 level in noon trades, the Sensex plunged deep into the red towards the close on unabated selling in oil, banking and metal stocks, touching the day's low of 14234. The Sensex signed off the session with losses of 1.92% or 279 points at 14256. The Nifty tumbled by 2.02% or 87 points to close at 4198.
The breadth of the market was extremely weak. Of the 2,615 stocks traded on the BSE, 1,706 stocks declined, 842 stocks advanced and 67 stocks ended unchanged. All the sectoral indices were hammered today. The BSE Oil & Gas Index led the slump and crashed by 3.16% at 7469. The BSE PSU Index was down 3.01% at 6552, the BSE Bankex Index lost 2.93% at 7595 and the BSE Metal Index dropped 2.20% at 10414. Other sectoral indices slipped by around 1-2% each. | | | Movers & Shakers | - BASF India tumbled after the company's FY2007 consolidated net profit advanced to Rs50.05 crore from Rs45.30 crore in FY2006.
- Sunil Hitech Engineers slipped despite securing orders worth Rs152.44 crore from Maharashtra State Power Generation Co.
- GEI Industrial Systems closed in the red despite bagging order worth Rs35 crore.
| | | |
Out of the 30 Sensex stocks 26 ended in the red, with oil and banking stocks taking a strong beating. Among the oil stocks, Reliance Industries plummeted by 3.31% at Rs1,687 and ONGC crashed by 3.30% at Rs864. Banking majors SBI slumped 3.35% at Rs1,388 and ICICI Bank lost nearly 3.02% at Rs911. Index heavyweight Tata Steel plunged 3.66% at Rs618, HDFC shed 3.51% at Rs1,831, Tata Motors declined by 3.37% at Rs687, Reliance Energy slipped by 3.17% at Rs533 and BHEL fell by 3.09% at Rs1340.
Oil stocks took a major hit today. Reliance Natural Resources tanked 4.04% at Rs34, Gail shed 3.53% at Rs293, Petronet LNG slumped 3.47% at Rs56 and Mangalore Refineries dipped 3.46% at Rs40.
Over 2.02 crore IFCI stocks changed hands on the BSE followed by Reliance Natural Resources (1.31 crore shares), Nitin Fire Protections (85.55 lakh shares), Tata Teleservices (72.13 lakh shares) and GV Films (66.84 lakh shares).
Value-wise Nitin Fire Protections registered a turnover of Rs417 crore followed by Wipro (Rs274 crore), Reliance Industries (Rs165 crore), MIC Electric (Rs129 crore) and Reliance Communication (Rs120 crore). | | | | | | | | European Indices at 16:06 IST on 06-06-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6571.60 | -61.20 | -0.92 | | CAC 40 Index | 6029.81 | -48.73 | -0.80 | | DAX Index | 7811.23 | -108.60 | -1.37 | | | | | | | | | | | Asian Indices at close on 06-06-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 18040.93 | -12.88 | -0.07 | | Hang Seng | 20818.61 | -23.54 | -0.11 | | Straits Times | 3563.75 | -9.15 | -0.26 | | Jakarta Composite Index | 2102.44 | 9.33 | 0.45 | | | | | | | | To know more about our products and services, click here. | | | | | | | “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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