| | | | Index Performance | | Index | Sensex | Nifty | | Open | 18,794.63 | 5,525.30 | | High | 18,844.62 | 5,549.30 | | Low | 18,336.00 | 5,402.60 | | Today's Cls | 18,419.04 | 5,428.25 | | Prev Cls | 18,814.07 | 5,524.85 | | Change | -395.03 | -96.60 | | % Change | -2.10 | -1.75 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Mastek | 364.05 | 13.15 | | GMDC | 1,851.20 | 10.00 | | iGate Global | 373.80 | 9.96 | | Rolta India | 625.75 | 7.55 | | Welspun Gujarat | 335.20 | 5.51 | | Losers | | Escorts | 122.05 | -8.68 | | IDBI | 144.80 | -5.85 | | DLF | 865.65 | -5.76 | | Maharashtra Seamless | 547.45 | -4.84 | | Adani Enterprises | 707.45 | -4.77 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,052 | 603 | | Declines | 1,693 | 1,035 | | Unchanged | 56 | 24 | | Volume(Nos) | 46.47cr | 78.60cr | | | | | | Market Commentary | | | Sensex slips amid substantial volatility | | The Sensex witnessed an intra-day swing of 500 points and shed 363 points for the day on broad-based selling pressure. | | Taking cue from the last three day’s gain of around 1,300 points, the Sensex opened on a weak note at 18,794, 19 point down from the previous close of 18,844. | | | | While the market witnessed a fluctuating trend for a while, the afternoon trades saw the index tumble below the 18,500 mark to touch the day's low of 18,336 amid relentless selling pressure. The Sensex finally ended the day with loss of 395 points at 18,419, while the Nifty declined by 97 points to close at 5,428.
The market breadth was extremely weak as the losers outpaced the gainers. Of the 2,801 stocks traded on the Bombay Stock Exchange (BSE), 1,693 stocks declined, 1,052 stocks advanced and 56 stocks ended unchanged. All the sectoral indices slipped sharply. The BSE Realty index dropped 3.29% followed by the BSE CG index (down 2.77%), the BSE Bankex index (down 2.72%), the BSE Teck index (down 2.02%), the BSE FMCG (down 1.91%) and the BSE IT index (down 1.66%).
Most of the index heavyweights witnessed heavy correction. Among the Bankex majors, SBI tumbled by 4.23% at Rs1,862, BOB dropped 3.47% at Rs310, ICICI Bank moved down by 3.37% at Rs1,092, and Indian Overseas Bank lost 3.29% at Rs132. Among the other major losers, L&T slumped by 3.61% at Rs3,360, Tata Motors slipped by 3.41% at Rs802, BHEL shed 3.30% at Rs2,341 and Cipla lost 3.30% at Rs185. Reliance Communication fell by 3.14% at Rs718, Bajaj Auto crumbled by 2.96% at Rs2,542 and Bharti dipped 2.45% at Rs1,069. The other front-line stocks lost between 2-3% each. Select counters, however, bucked the downtrend and ended with gains. REL advanced by 2.41% at Rs1,636 and ONGC moved up by 2.36% at Rs1,091, while MNM and Hindalco ended with modest gains. | | | Movers & Shakers | - Rajesh Export declined despite securing a Rs743 crore export order from Gold Star Jewelry, Singapore.
- Allcargo Global inched up after the company announced the acquisition of the Projects & Equipment Division of Transindia Freight Services Pvt Ltd (TFSPL).
- Punj Lloyd gained on a report that the Company is to construct pipeline valued at Rs389 crore for Qatar Petroleum.
| | | |
Realty stocks were hit hard and dropped sharply. DLF crumbled by 5.76% at Rs865, HDFC lost 4.73% at Rs745, Parsvnath shed 4.39% at Rs374 and Ansal Infrastructure declined by 3.06% at Rs272. Phoenix Mill, Sobha Devlopers, IndiaBulls Realty and Akruti Nirman were down over 2% each.
Over 2.65 crore Power Grid shares changed hands on the BSE followed by RPL (2.21 crore shares), ISPAT(1.42 crore shares), Arvind Mills( 1.21 crore shares) and IDBI ( 56 lakh shares).
Reliance Industries was the most actively traded counter on the BSE and registered a turnover of Rs906 crore followed by REL(Rs575 crore), RPL(Rs396 crore), Reliance Capital (Rs394 crore) and Power Grid(Rs306 crore).
| | | | | | | | European Indices at 16:48 IST on 12-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6676.60 | -47.90 | -0.71 | | CAC 40 Index | 5791.61 | -71.22 | -1.21 | | DAX Index | 7990.74 | -42.95 | -0.53 | | | | | | | | | | | Asian Indices at close on 12-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17331.17 | -127.81 | -0.73 | | Hang Seng Index | 28838.37 | -294.65 | -1.01 | | Kospi Index | 2026.44 | -32.41 | -1.57 | | Straits Times Index | 3857.25 | -18.52 | -0.48 | | Jakarta Composite Index | 2638.21 | 46.73 | 1.80 | | | | | | | | 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.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
No comments:
Post a Comment