| | | | Index Performance | | Index | Sensex | Nifty | | Open | 18,724.11 | 5,564.65 | | High | 18,744.55 | 5,608.65 | | Low | 18,182.83 | 5,394.35 | | Today's Cls | 18,526.32 | 5,519.35 | | Prev Cls | 18,602.62 | 5,561.05 | | Change | -76.30 | -41.70 | | % Change | -0.41 | -0.75 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | D-Link India | 99.65 | 14.80 | | PNB | 605.55 | 9.44 | | EIH | 143.80 | 8.16 | | Reliance Capital | 2,324.50 | 7.20 | | Balaji Telefilms | 344.70 | 7.08 | | Losers | | Ispat Inds | 38.65 | -7.98 | | Corporation Bank | 407.30 | -7.93 | | HTMT Global | 460.00 | -6.89 | | Jindal Saw | 745.65 | -5.79 | | GE Shipping | 445.70 | -5.71 | | | Market Statistics | | - | BSE | NSE | | Advances | 805 | 212 | | Declines | 1,965 | 941 | | Unchanged | 46 | 12 | | Volume(Nos) | 43.76cr | 70.83cr | | | | | | Market Commentary | | | Subprime woes lead market slump | | The market slipped from higher levels and shed nearly 76 points on heavy selling in realty, power, and capital goods stocks. | | The market lost its initial
grip and succumbed to heavy losses on selling in realty, power, and capital goods counters. Major US indices fell sharply on Wednesday | | | | on worries about the housing sector slump coupled with weak dollar and surging oil prices. Asian markets followed the suit in early trades and closed with loses around 1-2%. The Sensex resumed on a positive note despite mixed cues from the firm Asian markets. The market remained quite thereafter but profit booking in index pivotal stocks dragged the Sensex to negative territory by the afternoon and it touched the day's low of 18,183. The market seemed to close with heavy losses, but sustained buying in frontline stocks towards the close helped the Sensex pare most of its losses and end the session down 76 points at 18,526, while, the Nifty shed 42 points at 5,519.
The market breadth was negative. Of the 2,816 stocks that traded on the Bombay Stock Exchange (BSE), 1,965 stocks declined, 805 stocks advanced and 46 stocks ended unchanged. Most of the sectoral indices closed in the red. The BSE Realty index dropped 4.99% at 9,457 followed by the BSE CG index (down 2.53% at 18,815) and the BSE Power index (down 2.25% at 4,151). | | | Movers & Shakers | - Shubh Jewellers slipped despite announcing its retail foray across South India by launching Shubh Jewellers across South India.
- Hindustan Dorr receiveds a Rs111.50 crore the order from HPCL worth Rs111.50 crore.
| | | |
Among the Sensex majors, DLF tumbled by 5.49% at Rs823, Reliance Energy dropped 5.18% at Rs1,605, NTPC lost 4.99% at Rs228, L&T slumped by 4.06% at Rs3,942, ONGC slipped by 3.61% at Rs1,150, HDFC shed 1.51% at Rs2,561, Ranbaxy lost 1.40% at Rs393, Reliance Communications fell by 1.20% at Rs674, Infosys crumbled by 1.05% at Rs1,532 and Tata Steel dipped marginally at Rs819. However, select counters saw some buying action and ended with gains. SBI advanced by 4.04% at Rs2,242 while ACC, ICICI Bank, Bajaj Auto, Maruti Suzuki, Hindalco, Cipla, Bharti Airtel, Tata Motors and HDFC Bank slipped 1-2% each.
Over 2.46 crore Reliance Petroleum shares changed hands on the BSE followed by Reliance Natural Resources (2.16 crore shares), Ispat Industries (1.73 crore shares), Tata Teleservices (1.63 crore shares) and IFCI (1.23 crore shares).
Reliance Petroleum registered a turnover of Rs504 crore on the BSE followed by Reliance Natural Resources (Rs311 crore), Reliance Industries (Rs288 crore), Reliance Capital (Rs283 crore) and L&T (Rs238 crore).
| | | | | | | | European Indices at 16:15 IST on 22-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6085.10 | 14.20 | 0.23 | | CAC 40 Index | 5393.34 | 12.04 | 0.22 | | DAX Index | 7517.87 | -0.55 | -0.01 | | | | | | | | | | | Asian Indices at close on 22-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14888.77 | 51.11 | 0.34 | | Hang Seng | 26004.92 | -613.27 | -2.30 | | Kospi Index | 1799.02 | -7.97 | -0.44 | | Straits Times | 3312.88 | -34.32 | -1.03 | | Jakarta Composite Index | 2569.51 | 5.89 | 0.23 | | | | | | | | 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