| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,110.40 | 5,779.30 | | High | 19,209.91 | 5,780.80 | | Low | 18,917.40 | 5,646.75 | | Today's Cls | 19,058.93 | 5,698.75 | | Prev Cls | 19,289.83 | 5,782.35 | | Change | -230.90 | -83.60 | | % Change | -1.20 | -1.45 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | NALCO | 370.50 | 13.34 | | Reliance Capital | 2,076.00 | 8.39 | | Hindalco | 203.65 | 7.95 | | GMR Infra | 206.35 | 5.60 | | HCL Tech | 311.20 | 5.37 | | Losers | | Fertilizers & Chemicals | 30.75 | -9.29 | | National Fertilizers | 66.25 | -8.87 | | Jindal Steel | 10,720.30 | -7.64 | | Sterlite Industries | 1,002.80 | -5.12 | | Engineers India | 919.25 | -5.00 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,074 | 396 | | Declines | 1,646 | 720 | | Unchanged | 69 | 29 | | Volume(Nos) | 35.37cr | 58.96cr | | | | | | Market Commentary | | | Weak overseas markets led the market slump | | Weakness in overseas markets and heavy selling in metal, banking, and PSU stocks saw the Sensex shed over 231 points at the close. | | Market continued to trade weak on the back of slump in the US markets. | | | | Asian markets, too, lost ground with Hang Seng, Kospi and Nikkie slipping into the red by over 2-3% each. Wall street suffered one of its biggest drop this year on worries about credit crisis and weakening dollar. The Sensex continued the weak trend as the market witnessed another round of selling with index heavyweights, metal, banking, and PSU stocks shaving off over 293 points during intra-day trades. As selling gained momentum the index shed over 373 points and slipped below 19,000 mark to touch the day's low of 18,917. The Sensex managed to trim losses towards the close, however the index finally ended the session by slipping over 231 points at 19,059. The Nifty shed 84 points to close at 5,699.
The market breadth was negative, with the losers outnumbering the gainers in a ratio of 1.51:1. Of the 2,789 stocks traded on the Bombay Stock Exchange (BSE), 1,646 stocks declined, 1,074 stocks advanced and 69 stocks ended unchanged. All the sectoral indices had a weak outing. The BSE Bankex index slipped sharply and dropped 2.51% followed by the BSE Realty index (down 2.07%), the BSE Metal index (down 1.83%), the BSE Teck index (down 1.51%), the BSE PSU index (down 1.48%) and the BSE Auto index (down 1.25%).
Out of the 30 Sensex stocks, 22 stocks closed in negative territory. Among the major losers ONGC slumped by 4.07% at Rs1,237, SBI plummeted by 3.65% at Rs2,185, HDFC Bank tumbled by 3.62% at Rs1,559, Reliance Communication shed 3.01% at Rs705, ICICI Bank crashed by 2.92% at Rs1,169, Tata Motors dropped 2.18% at Rs706 and Grasim declined by around 1.80% at Rs3,546. However, Hindalco jumped 7.95% at Rs204, ACC gained 2.83% at Rs1,057, Reliance energy added 1.75% at Rs1,851, HLL moved up 1.35% at Rs195 while, Ranbaxy, Ambuja Cement, L&T and Dr Reddy's Lab ended marginally higher.
Banking stocks came under the grip of sharp hammering. Allahabad Bank slipped by 2.48% at Rs225, Punjab National Bank slumped by 2.45% at Rs534, Bank of India dropped 2.43% at Rs363 and Axis Bank declined by 1.82% at Rs920.
Over 3.58 crore shares of Reliance Natural Resources Ltd (RNRL) changed hands on the BSE followed by Ispat Industries (2.82 crore shares), Reliance Petroleum (2.82 crore shares), IFCI (1.12 crore shares) and Nocil (82.27 lakh shares).
Valuewise, RNRL registered a turnover of Rs539 crore on the BSE followed by Reliance Petroleum (Rs449 crore), Reliance Energy (Rs413 crore), Reliance Capital (Rs358 crore) and Reliance Industries (Rs309 crore). | | | | | | | | European Indices at 16:05 IST on 08-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6340.40 | -44.70 | -0.70 | | CAC 40 Index | 5613.71 | -69.51 | -1.22 | | DAX Index | 7780.86 | -18.76 | -0.24 | | | | | | | | | | | Asian Indices at close on 08-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 15771.57 | -325.11 | -2.02 | | Hang Seng | 28760.22 | -948.71 | -3.19 | | Kospi Index | 1979.56 | -63.63 | -3.11 | | Jakarta Composite Index | 2678.22 | -35.75 | -1.32 | | | | | | | | 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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