| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,552.53 | 5,782.40 | | High | 19,678.50 | 5,861.35 | | Low | 19,249.47 | 5,744.30 | | Today's Cls | 19,289.83 | 5,782.35 | | Prev Cls | 19,400.67 | 5,786.50 | | Change | -110.84 | -4.15 | | % Change | -0.57 | -0.07 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Federal Bank | 443.90 | 9.12 | | Ispat Industries | 30.30 | 8.80 | | Chennai Petroleum | 339.80 | 7.26 | | Sterlite Industries | 1,056.95 | 6.58 | | Gail India | 457.30 | 6.51 | | Losers | | Ramco Systems | 148.60 | -11.65 | | National Fertilizers | 72.70 | -9.97 | | Fertilizers & Chemicals | 33.90 | -9.96 | | HMT | 77.40 | -7.80 | | Rolta India | 698.60 | -7.75 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,028 | 401 | | Declines | 1,674 | 736 | | Unchanged | 77 | 23 | | Volume(Nos) | 40.75cr | 68.72cr | | | | | | Market Commentary | | | PSU oil stocks rally in volatile market | | While most of the stocks slipped from their higher levels the public sector undertaking (PSU) oil stocks held on to their gains and ended firm. | | Sustained selling pressure persisted for the third consecutive session and the Sensex fell over 111 points at close. | | | | Despite opening on a positive note, the Sensex could not hold on to its gains on profit bookings in most of the heavyweights and information technology stocks. The market took cue from the firm Asian markets and rallied sharply to touch the day's high of 19,679, up 278 points by afternoon. Thereafter, displaying some volatile moves the market slipped towards the close on unabated selling to touch its day's low of 19,249. The Sensex finally wrapped up the session by losing 111 points at 19,290, while the Nifty ended the session at 5,782, down five points. | | | Movers & Shakers | - Reliance Industries gained on making yet another discovery in the Krishna offshore basin in the east coast of India.
- Bharati Shipyard surged on receiving an order worth $53 million from Opielok Bereederungs GMBH & Co.
- Amtek Auto rallied sharply on acquiring one of the largest automotive precision machining companies Triplex- Ketlon, UK.
| | | |
The market breadth was negative, with the losers outpacing the gainers in the ratio of 1.6:1. Of the 2,779 stocks traded on the Bombay Stock Exchange (BSE), 1,674 stocks declined, 1,028 stocks advanced and 77 stocks ended unchanged. Among the sectoral indices, the BSE IT index tumbled by 4.34% followed by the BSE Teck index (down 3.20%), the BSE Bankex index (down 1.54%), the BSE Realty index (down 1.01%) while, the BSE Oil & Gas index flared up by 2.63% and the BSE PSU index gained 1.08%.
Except a few, the index stocks ended at lower levels. Infosys lost heavily and tumbled 5.78% at Rs1,744. Among the other losers, HDFC Bank slumped 5.16% at Rs1,618, Satyam Computer slipped 4.03% at Rs435, ICICI Bank fell 2.98% at Rs1,204, Reliance Communication dipped by 2.50% at Rs727, Wipro was down 2.05% at Rs477and Bharti Airtel lost 1.98% at Rs900. However, select PSU oil stocks bucked the trend and rallied sharply. Reliance surged 4.04% at Rs2,763, BHEL vaulted 3.55% at Rs2,821, SBI spurted 2.66% at Rs2,267 and M&M scaled up 2.54% at Rs760.
Over 5.56 crore Reliance Natural Resources Ltd shares changed hands on the BSE followed by Reliance Petroleum (3.60 crore shares), Ispat Industries (3.37 crore shares), IFCI (82.97 lakh shares) and Factor Alloys (81.85 lakh shares).
Valuewise, Reliance Industries registered a turnover of Rs222 crore on the BSE followed by L&T (Rs191 crore), Reliance Energy (Rs182 crore), SBI (Rs139 crore) and Infosys (Rs118 crore).
| | | | | | | | European Indices at 16:25 IST on 07-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6431.50 | -43.40 | -0.67 | | CAC 40 Index | 5680.50 | -28.92 | -0.51 | | DAX Index | 7785.06 | -42.13 | -0.54 | | | | | | | | | | | Asian Indices at close on 07-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16096.68 | -152.95 | -0.94 | | Hang Seng | 29708.93 | 270.80 | 0.92 | | Kospi Index | 2043.19 | -11.05 | -0.54 | | Straits Times | 3673.01 | -10.09 | -0.27 | | Jakarta Composite Index | 2713.98 | 32.08 | 1.20 | | | | | | | | 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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