| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,892.60 | 4,404.05 | | High | 14,928.80 | 4,404.05 | | Low | 14,705.58 | 4,267.15 | | Today's Cls | 14,903.03 | 4,339.50 | | Prev Cls | 15,138.40 | 4,401.55 | | Change | -235.37 | -62.05 | | % Change | -1.55 | -1.41 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Sterling Opticals | 221.30 | 3.87 | | India Cements | 225.20 | 3.85 | | SBI | 1,681.85 | 2.80 | | J&K Bank | 683.65 | 2.58 | | Nalco | 258.25 | 2.58 | | Losers | | HDFC | 499.70 | -5.48 | | Polaris Lab | 105.05 | -5.28 | | Mphasis | 288.45 | -5.05 | | JSW Steel | 646.00 | -4.97 | | Rolta India | 450.20 | 4.57 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,107 | 348 | | Declines | 1,497 | 769 | | Unchanged | 67 | 19 | | Volume(Nos) | 26.51cr | 39.26cr | | | | | | Market Commentary | | | Sensex drops by 235 points | | The market erased most of its losses from the early crash, with the Sensex ending 1.55% lower and the Nifty dipping by 1.41% at close. | | The Sensex ended the day with a loss of 235 points after crashing to a low of 14,706 during intra-day trades. The market crashed by over 400 points in line with the | | | | other major global indices as US subprime fears played on the investors’ sentiment. Despite gaining over 150 points in Friday's trades, the Sensex resumed 245 points lower at 14,893. It tanked by another 187 points to touch the day's low of 14,706 on relentless selling in metal, IT, capital goods and tech stocks. The Sensex managed to recover around 200 points in late trades, but still ended with a loss of 235 points at 14,903. The Nifty shed 1.41% or 62 points to close at 4,340.
The market breadth was negative. Of the 2,671 stocks traded on the BSE 1,497 stocks declined, 1,107 stocks advanced and 67 stocks ended unchanged. Among the sectoral indices the BSE Realty Index tumbled 3.16%, the BSE IT Index slipped 2.26%, the BSE Teck lost 2.06% and the BSE CG Index was down 1.82%. However, the BSE FMCG Index gained marginally. | | | Movers & Shakers | - Punj Lloyd gained marginally on bagging Rs590 crore contract from Bharat Oman Refineries Ltd.
- Ahluwalia Contracts moved up on receiving new orders worth Rs88 crore from various companies.
- Everest Kanto Cylinder slipped despite chalking out an expansion-cum-modernisation scheme with an investment of $50 million.
- GMR Infrastructure closed in the red despite signing MoU with TIDCO for the development of a Multi Product SEZ in Krishnagiri District, Tamil Nadu.
| | | |
Several index heavyweights came under selling pressure and ended in the red. Hindalco was the major loser and tumbled by 3.05% at Rs157. ICICI Bank at Rs888, Maruti Udyog at Rs825, Reliance Communication at Rs532, L&T at Rs2,449, Infosys at Rs1,867 and Wipro at Rs458 slumped around 2-3% each.
Select counters logged significant gains on fresh buying support. SBI bucked the downtrend and gained 2.80% at Rs1,682. ITC was up 1.77% at Rs172, Ranbaxy, Dr Reddy's Lab, TCS and M&M gained marginally.
Over 3.69 crore IFCI shares changed hands on the BSE followed by Alpa Laboratories (90.64 lakh shares), Reliance Natural Resources (80.94 lakh shares), Nagarjuna Fertilizers (53.11 lakh shares) and Manglore Chemicals & Fertilizers (50.59 lakh shares).
IFCI registered a turnover of Rs227 crore on the BSE followed by SBI (Rs219 crore), Orbit Corporation (Rs157 crore), Reliance Industries (Rs146 crore) and GMR Infrastructure (Rs124 crore).
| | | | | | | | European Indices at 16:15 IST on 06-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6242.30 | 18.00 | 0.29 | | CAC 40 Index | 5571.93 | -25.96 | -0.46 | | DAX Index | 7442.20 | 6.53 | 0.09 | | | | | | | | | | | Asian Indices at close on 06-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16914.46 | -65.40 | -0.39 | | Hang Seng | 21936.73 | -601.71 | -2.67 | | Kospi Index | 1855.05 | -21.75 | -1.16 | | Straits Times | 3308.99 | -127.05 | -3.70 | | Jakarta Composite Index | 2189.11 | -80.68 | -3.55 | | | | | | | | 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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