| | | | Index Performance | | Index | Sensex | Nifty | | Open | 20,032.67 | 6,037.95 | | High | 20,032.67 | 6,039.95 | | Low | 19,177.19 | 5,740.60 | | Today's Cls | 19,261.35 | 5,777.00 | | Prev Cls | 20,030.83 | 6,047.70 | | Change | -769.48 | -270.70 | | % Change | -3.84 | -4.48 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Gillette India | 1,405.30 | 6.20 | | Novartis India | 384.65 | 3.04 | | Ipca Lab | 666.70 | 2.81 | | MIRC | 31.35 | 2.79 | | Mastek | 301.85 | 1.62 | | Losers | | JSW Steel | 1,163.50 | -12.98 | | Puravankara Projects | 429.85 | -10.33 | | Indian Bank | 184.90 | -10.20 | | Jindal Saw | 929.55 | -10.06 | | HMT | 91.05 | -9.72 | | | Market Statistics | | - | BSE | NSE | | Advances | 995 | 227 | | Declines | 1,944 | 964 | | Unchanged | 15 | 11 | | Volume(Nos) | 98.40cr | 98.58cr | | | | | | Market Commentary | | | Global weakness drags market down | | Sensex witnessed a free fall amid weakness across international markets and tanked 770 points or 3.84% at the close. | | The market went into a major correction following weak trend in Asian markets, largely driven by consumer inflation figures released by the US. | | | | Presence of strong bullish sentiment helped Sensex resume marginally above its previous close, despite a sharp slump across international markets. But, across-the-board selling saw the Sensex shed over 380 points by afternoon. Thereafter, the market showed no signs of respite as widespread selling in metal, realty, oil, and power stocks dragged the index below the 19,200 mark to touch the day's low of 19,177. The Sensex finally ended the session with a loss of 770 points at 19,261. The Nifty, too, reeled under selling pressure and lost 271 points to close at 5,777. | | | Movers & Shakers | - ABG Shipyard tumbled despite receiving repeat orders of over Rs1,000 crore from existing international customers taking its total order book position to Rs8,277 crore.
- i-flex Solutions fell despite announcing its entry into the private banking and wealth management space with the launch of "Flexcube" private banking suite.
- Bharat Heavy Electricals (BHEL) witnessed a sharp fall despite entering into a joint venture agreement with NTPC Ltd to establish and operate EPC business.
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Breadth of the market was negative, with losers outpacing gainers on the Bombay Stock Exchange (BSE). Of the 2,954 stocks traded on BSE, 1,944 stocks declined, 995 stocks advanced and 15 stocks remained unchanged. All the sectoral indices on the BSE were hammered. The BSE Metal index was the worst hit and tanked 7.28% at 18,325 followed by the BSE Realty index (down 5.65% at 11,699), the BSE PSU index (down 5.63% at 9,511) and the BSE Oil & Gas index (down 5.13% at 12,315), while other sectoral indices lost over 2-4% each.
Barring HLL, index stocks bore the brunt of heavy selling. DLF led the slump and crashed by 7.53% at Rs944. Among the other major laggards NTPC tumbled by 7.30% at Rs229, Tata Steel dropped 6.15% at Rs824, HDFC slumped 5.93% at Rs2,878, and ONGC fell 5.84% at Rs1,166. Tata Motors declined by 5.80% at Rs701 and Hindalco lost 5.69% at Rs201. Other major front-line stocks shed 2-5% each. However, HLL bucked the downtrend and rose 0.76% at Rs219.
Metal stocks lost significantly on relentless selling. JSW Steel dropped 12.98% at Rs1,164, Jindal Saw shed 10.06% at Rs930, Jindal Steel tumbled by 9.57% at Rs14,364, Sterlite Industries declined by 8.45% at Rs976, Shree Precoated Steel slipped by 7.87% at Rs367 and SAIL lost 7.20% at Rs260.
Over 5.05 crore G V Films shares changed hands on the BSE followed by IFCI (3.97 crore shares), Harig Cranks (3.80 crore shares), Ispat Industries (3.77 crore shares) and Bella Steel (2.60 crore shares).
Valuewise, IFCI registered a turnover of Rs458 crore on the BSE followed by Ispat Industries (Rs309 crore), Kolte Patil Developers (Rs287 crore), HDFC (Rs204 crore) and Reliance Petroleum (Rs196 crore).
| | | | | | | | European Indices at 16:15 IST on 17-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6303.40 | -93.60 | -1.46 | | CAC 40 Index | 5518.04 | -87.32 | -1.56 | | DAX Index | 7834.32 | -114.04 | -1.43 | | | | | | | | | | | Asian Indices at close on 17-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 15249.79 | -264.72 | -1.71 | | Hang Seng | 26596.58 | -967.06 | -3.51 | | Kospi Index | 1839.82 | -55.23 | -2.91 | | Straits Times | 3353.56 | -112.82 | -3.25 | | Jakarta Composite Index | 2664.92 | -75.14 | -2.74 | | | | | | | | 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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