| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,467.41 | 5,069.00 | | High | 17,953.07 | 5,261.35 | | Low | 17,288.41 | 5,034.15 | | Today's Cls | 17,847.04 | 5,210.80 | | Prev Cls | 17,328.62 | 5,068.95 | | Change | 518.42 | 141.85 | | % Change | 2.99 | 2.80 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | DLF | 892.75 | 16.41 | | Tata Power | 1,031.25 | 13.22 | | Aditya Birla Nuvo | 1,746.30 | 10.94 | | GE Shipping | 378.90 | 9.76 | | Lanco Infra | 393.00 | 9.43 | | Losers | | MIRC | 23.00 | -7.26 | | Fertiliser Chemicals | 27.40 | -5.03 | | TVS Motors | 67.55 | -4.52 | | Jindal Saw | 620.00 | -4.35 | | RCF | 59.50 | -4.03 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,111 | 412 | | Declines | 1,695 | 738 | | Unchanged | 43 | 15 | | Volume(Nos) | 64.11cr | 98.42cr | | | | | | Market Commentary | | | Roller coaster ride | | The market recovered after tumbling over 665 points from the day's high and posted solid gains on the back of buying in several heavyweight stocks. | | Today, the market witnessed a pre-result rally fueled by global money. After registering the all-time high of 17,953 in early trades, the Sensex slipped over 665 | | | | points to touch the intra-day low of 17,288 on the back of a frenzied selling pressure. But, by the afternoon the market went into a major recovery mode and surged by 559 points during intra-day trades. While the mood remained upbeat on strong buying in technology, oil, realty and capital goods stocks, the rally gathered more steam towards the closing hours and the Sensex ended the session with a gain of 2.99% or 518 points at 17,847, and the Nifty rose by 2.80% or 142 points to close at 5,211.
However, the market breadth was negative. Of the 2,849 stocks traded on the BSE 1,695 stocks declined, 1,111 stocks advanced and 43 stocks ended unchanged. Among the sectoral indices the BSE Realty index flared up by 6.46% and the BSE IT index gained 4.02%. While the other sectoral indices were up around 1-3% each, the BSE CD index and the BSE HC index ended in negative territory. | | | Movers & Shakers | - GTL gained on winning a network service contract from a leading telecom operator with an initial order of Rs100 crore.
- Kalptaru Papers tumbled despite entering into an agreement to run Satpuda Papers' 100 TDP bagasse based integrated pulp and paper plant on lease basis.
- Allsec Technologies slipped despite acquiring Kingdom Builders Inc of Philippines engaged in the BPO operations for $1.5 million.
- Thermax closed in the red despite the company and Georgia-Pacific Chemicals LLC have signed a technology and manufacturing license agreement applicable for the paper industry.
- Suzlon Energy jumped on receiving a major order from DLF Ltd for setting up of a wind farm in Gujarat.
- Patel Engineering surged on bagging an order worth Rs428 crore from National Power Corporation.
| | | |
Recovery in the market was led by Reliance Energy, which shot up by 7.48% at Rs1,450. Among the major gainers, Infosys advanced by 5.72% at Rs2,001, NTPC moved up by 5.34% at Rs217, Reliance Communication added 5.03% at Rs643. Reliance Industries scaled up by 4.55% at Rs2,394 and BHEL jumped 4.23% at Rs2,074. Select index stocks witnessed selling pressure. Cipla was the major loser and dropped by 1.93% at Rs185, Ambuja Cement fell by 1.63% at Rs145. HLL, Ranbaxy, Dr Reddy's Laboratories and Tata Steel also ended in the red.
Over 3.65 crore Reliance Natural Resources shares changed hands on the BSE followed by Ispat Industries (3.07 crore shares), Tata Teleservices (2.51 crore shares), IKF Technologies (2.43 crore shares) and Centurion Bank of Punjab (2.27 crore shares).
Reliance Energy was the most actively traded counter on the BSE. Reliance Energy registered a turnover of Rs736 crore followed by DLF (Rs617 crore), Reliance Industries (Rs567 crore), Reliance Capital (Rs443 crore) and Reliance Natural Resources (Rs348 crore).
| | | | | | | | European Indices at 17:00 IST on 03-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6522.50 | 22.10 | 0.34 | | CAC 40 Index | 5789.86 | -9.41 | -0.16 | | DAX Index | 7956.06 | 9.27 | 0.12 | | | | | | | | | | | Asian Indices at close on 03-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17199.89 | 153.11 | 0.90 | | Hang Seng | 27479.94 | -719.81 | -2.55 | | Straits Times | 3754.62 | -39.21 | -1.03 | | Jakarta Composite Index | 2451.59 | -13.36 | -0.54 | | | | | | | | 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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