| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,452.44 | 4,462.25 | | High | 15,542.40 | 4,530.05 | | Low | 15,062.10 | 4,390.80 | | Today's Cls | 15,100.15 | 4,403.20 | | Prev Cls | 15,307.98 | 4,462.10 | | Change | -207.83 | -58.90 | | % Change | -1.36 | -1.32 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Lanco Infra | 282.80 | 4.12 | | Mastek | 266.45 | 2.72 | | Dredging Corp | 550.05 | 2.21 | | Asahi India | 109.10 | 2.11 | | Asian Paints | 939.05 | 1.77 | | Losers | | HTMT Global | 372.60 | -5.74 | | GMDC | 939.40 | -5.07 | | Reliance Capital | 1,108.25 | -4.84 | | Crompton Greaves | 290.05 | -4.64 | | PFC | 179.55 | -4.62 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,012 | 277 | | Declines | 1,611 | 835 | | Unchanged | 47 | 30 | | Volume(Nos) | 39.66cr | 45.60cr | | | | | | Market Commentary | | | Sensex nosedives on panicky selling | | The Sensex touched an intra-day high of 15,542 during the mid-session but tumbled on panicky selling to close at 15,100. | | BNP Paribas SA, France's biggest bank, closed its three funds on concerns over US subprime mortgage losses and markets in Europe fell sharply, | | | | dampening sentiment back home. London's FTSE 100 index declined nearly 1% while Germany's DAX index shed over 1% and France's CAC 40 index was down 1.55%. The market crashed nearly 480 points from its day's high to touch the intra-day low of 15,062. The fall in European indices and a sharp fall in the global commodities markets played on investors’ sentiment. After adding over 375 points in yesterday's trades, the Sensex resumed 144 points higher at 15,452 and gained around 90 points to touch the day's high of 15,542 on sustained buying in banking and metal stocks. But, the index slipped on across-the-board selling to close at 15,100, down 1.36% or 208 points. The Nifty shed 1.32% or 59 points to close at 4,403. | | | Movers & Shakers | - PVR Cinemas slipped despite launching a 4-screen multiplex in Ludhiana and a new concept neighborhood Cinema in Delhi.
- Aban Offshore closed in the red despite receiving $80 million contract from a leading E&P Company in South Asia.
- Motherson Sumi Systems gained after entering into a joint venture with Calsonic Kansei to meet the growing needs of the automotive manufacturers in India.
- Compact Disc India surged on setting up India's first integrated state-of-the-art animation studio at KINFRA.
- Sangam India closed in the green on launching its new high value-added fabric collection under the name Hanery Parker and High Flyers.
| | | |
The market breadth was negative, with the losers outnumbering the gainers. Of the 2,670 stocks traded on the BSE, 1,611 stocks declined, 1,012 stocks advanced and 47 stocks ended unchanged. All the sectoral indices were battered. Among the major losers the BSE CD index lost 2.47%, the BSE Oil & Gas index dropped 1.96%, the BSE FMCG shed 1.73%, the BSE PSU index declined by 1.64%, the BSE IT index and the BSE Teck index fell by 1.55% each.
Excluding the few, most of the Sensex stocks ended in the red. Among the major losers Hindalco plummeted by 3.61% at Rs156, SBI tanked by 3.30% at Rs1,650, Reliance Energy dropped 3.22% at Rs758, Ranbaxy slumped 2.66% at Rs372, Satyam computers crumbled by 2.55% at Rs467 and HDFC shed 2.44% at Rs2,016. ONGC at Rs867, ACC at Rs1,001, Grasim at Rs2,919 and ITC at Rs164 shed over 2% each.
Over 1.54 crore IKF Technologies shares changed hands on the BSE followed by IFCI (1.31 crore shares), RNRL (1.24 crore shares), Omaxe (1.21 crore shares) and Nagarjuna Fertilizers (1.07 crore shares).
Omaxe was the most actively traded counter on the BSE and registered a turnover of Rs443 crore followed by Orbit Corporation (Rs341 crore), Reliance Industries (Rs198 crore), SBI (Rs98 crore) and ICICI Bank (Rs93 crore).
| | | | | | | | European Indices at 16:15 IST on 09-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6289.40 | -104.50 | -1.63 | | CAC 40 Index | 5632.92 | -116.37 | -2.02 | | DAX Index | 7496.62 | -109.32 | -1.44 | | | | | | | | | | | Asian Indices at close on 09-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17170.60 | 141.32 | 0.83 | | Hang Seng | 22439.36 | -97.31 | -0.43 | | Kospi Index | 1908.68 | 5.27 | 0.28 | | Jakarta Composite Index | 2241.40 | -21.23 | -0.94 | | | | | | | | 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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