| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,603.09 | 5,913.15 | | High | 19,838.03 | 5,948.05 | | Low | 19,472.51 | 5,817.40 | | Today's Cls | 19,698.36 | 5,906.85 | | Prev Cls | 19,784.89 | 5,912.10 | | Change | -86.53 | -5.25 | | % Change | -0.44 | -0.09 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Hinduja TMT | 556.10 | 28.64 | | Chambal Fertilisers | 72.40 | 28.26 | | Mirc Electronics | 29.20 | 16.10 | | Escorts | 142.10 | 14.64 | | HTMT Global | 515.90 | 10.84 | | Losers | | Hindalco | 203.80 | -5.52 | | Dredging Corporation | 1275.20 | -5.00 | | Ramco Systems | 147.35 | -4.32 | | CESC | 630.90 | -4.15 | | Welspun Gujarat | 402.85 | -4.13 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,909 | 735 | | Declines | 912 | 397 | | Unchanged | 44 | 19 | | Volume(Nos) | 70.90cr | 102.24cr | | | | | | Market Commentary | | | Market drops 87 points on weak global cues | | After exhibiting range-bound moves for better part of the trading session, sustained selling thereafter saw the Sensex shed nearly 0.44% for the day. | | The market remained flat to subdued today on the back of weak global cues, but fared better than the Asian markets. | | | | After yesterday's loss of 144 points, the Sensex resumed 182 points lower at 19,603 but recovered by mid-morning trades. The major contributors to this recovery were PSU oil refineries and oil marketing companies, which flared up on expectation of better gross refinery margins in the future. However, selling in select frontline stocks saw the Sensex zigzag between positive and negative territory for the better part of the day. The Sensex finally wrapped up the session at 19,698, down 87 points, while the Nifty shed five points and closed at 5,907.
The market breadth was positive. Of the 2,865 stocks traded on the Bombay Stock Exchange (BSE) 1,909 stocks advanced, 912 stocks declined and 44 stocks ended unchanged. Among the sectoral indices the BSE FMCG index flared up by 4.31%, the BSE CD index surged 2.61%, the BSE Oil & Gas index added 1.33% and the BSE Auto index gained 0.66%. Other sectoral indices were down around 0.5-1% each.
Among the Sensex stocks ITC shot up by 8.17% at Rs205. Among the other gainers, Grasim advanced by 5.87% at Rs3,831, Dr Reddy's Lab moved up by 3.39% at Rs620, M&M added 1.88% at Rs733, Maruti Suzuki scaled up by 1.35% at Rs1,049 and Bharti Airtel jumped 1.28% at Rs912. Select index stocks witnessed selling pressure. Hindalco was the major loser and dropped 5.52% at Rs204, L&T slipped 2.88% at Rs4,376, Ranbaxy was down 2.82% at Rs412, and ICICI Bank fell by 2.33% at Rs1,219.
FMCG stocks witnessed buying support. Tata Tea scaled up by 4.24% at Rs796, Dabur India jumped by 3.66% at Rs110, Godrej Consumers added 3.02% at Rs133, Nestle gained 2.77% at Rs1,376 and Bata India was up 2.43% at Rs231.
Over 3.37 crore Essar Oil shares changed hands on the BSE followed by Nagarjuna Fertilisers (2.43 crore shares), Facor Steel (1.80 crore shares), Essar Steel (1.74 crore shares) and Manglore Refinery (1.73 crore shares).
Essar Oil was the most actively traded counter on the BSE and registered a turnover of Rs635 crore followed by Reliance Petroleum (Rs346 crore), Manglore Refinery (Rs236 crore), Reliance Natural Resources (Rs213 crore), and Nagrjuna Fertilisers (Rs193 crore). | | | | | | | | European Indices at 16:15 IST on 16-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6294.50 | -65.10 | -1.02 | | CAC 40 Index | 5500.36 | -60.77 | -1.09 | | DAX Index | 7582.37 | -84.66 | -1.10 | | | | | | | | | | | Asian Indices at close on 16-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 15154.61 | -241.69 | -1.57 | | Hang Seng | 27614.43 | -1136.78 | -3.95 | | Kospi Index | 1926.20 | -21.54 | -1.11 | | Straits Times | 3440.96 | -36.63 | -1.05 | | Jakarta Composite Index | 2668.70 | -37.12 | -1.37 | | | | | | | | 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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