| | | Index Performance | | Index | Sensex | Nifty | | Open | 12,503.75 | 3,633.85 | | High | 12,657.75 | 3,703.05 | | Low | 12,481.86 | 3,632.20 | | Today's Cls | 12,624.58 | 3,690.65 | | Prev Cls | 12,455.37 | 3,633.60 | | Change | 169.21 | 57.05 | | % Change | 1.36 | 1.57 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Syngenta | 516.40 | 9.62 | | Sterling Biotech | 140.95 | 7.72 | | Exide Inds | 41.85 | 6.76 | | OBC | 178.45 | 5.81 | | Bank of India | 162.70 | 5.58 | | Losers | | SCI | 162.20 | -5.97 | | BEML | 1,006.50 | -5.15 | | Lanco Infra | 140.85 | -4.70 | | Aventis Pharma | 1,170.00 | -3.66 | | Crompton Greaves | 183.95 | -3.49 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,390 | 599 | | Declines | 1,040 | 419 | | Unchanged | 88 | 32 | | Volume(Nos) | 15.76cr | 30.86cr | | | | | | Market Commentary | | | Market recovers some lost ground | | The Sensex recovered a little after yesterday’s battering and gained 169 points during the day. | | After witnessing a huge crash yesterday that wiped out almost 1.4 lakh crore of investors’ wealth, the market began the trading session on a positive note. | | | The Sensex opened with a positive gap of 49 points at 12504 and moved up on buying in select heavyweight and information technology stocks. After an initial upmove to 12584 the Sensex eased on profit taking in Cipla, SBI, Bajaj Auto and select front-line stocks. The Sensex touched the day's low at 12482, down 176 points from the day's high. Short covering and the emergence of buying at lower levels saw the Sensex recover in the afternoon. The major support came from stocks like BHEL, NTPC, Wipro, Hero Honda and some information technology stocks that propelled the Sensex to an intra-day high of 12658. The Sensex closed the session at 12625 with gains of 169 points. The Nifty ended the session at 3691, up 57 points.
The breadth of the market was positive. Of the 2,518 stocks traded on the BSE, 1,390 stocks advanced, 1,040 stocks declined and 88 stocks ended unchanged. Among the sectoral indices the BSE PSU Index gained 2.16% at 5797 followed by the BSE IT Index (up 2.02% at 4767), the BSE Oil & Gas Index (up 1.86% at 6287) and the BSE CD Index (up 1.63% at 3505). | | | Movers & Shakers | - Orchid Chemicals gained marginally after receiving formal approval from the Canadian Therapeutic Product Directorate for two of its abbreviated new drug submission applications.
- Eveready Industries closed in the red despite reports that the company has commenced commercial production at its manufacturing unit at Uttaranchal.
- Sanguine Media surged on starting OCTAVVE, a division that will provide total conversion of music & voice software on the 3G spectrum.
- Indian Hotels Company slipped despite reports that the company has acquired Hotel Campton Place, San Francisco for $60 million.
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Most of the heavyweights ended at higher levels. Among the blue chips BHEL shot up by 4.66% at Rs2,255, NTPC soared 4.58% at Rs154, Hero Honda advanced 3.05% at Rs657, Satyam Computers added 2.78% at Rs459, Grasim gained 2.42% at Rs2,104, Infosys advanced 2.22% at Rs1,964 and Reliance Industries was up 2.11% at Rs1,341. Among the laggards Cipla, HDFC, Bajaj Auto, SBI and ICICI Bank closed with marginal losses.
Public sector units were in the limelight and closed with substantial gains. Oriental Bank of Commerce vaulted 5.81% at Rs178, Bank of India soared 5.58% at Rs163, GAIL surged 4.77% at Rs279 and Dena Bank advanced by 4.29% at Rs34. Dredging Corporation, SAIL, Bharat Electrical and Corporation Bank gained 2-4% each.
Over 1.50 crore IFCI shares changed hands on the BSE followed by Power Finance Corporation (52.32 lakh shares), Rana Sugars (50.30 lakh shares), Sakthi Sugars (41.06 lakh shares) and Reliance Petroleum (29.86 lakh shares).
Reliance Industries clocked a turnover of Rs112 crore on the BSE followed by Renuka Sugar (Rs110 crore), India Bulls (Rs68 crore), BHEL (Rs67 crore) and Kotak Bank (Rs67 crore).
| | | | | | | | European Indices at 16:15 IST on 03-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6349.00 | 33.50 | 0.53 | | CAC 40 Index | 5675.46 | 29.90 | 0.53 | | DAX Index | 7001.41 | 64.24 | 0.93 | | | | | | | | Asian Indices at close on 03-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17244.05 | 215.64 | 1.27 | | Hang Seng Index | 20002.70 | 193.00 | 0.97 | | Kospi Index | 1463.75 | 4.22 | 0.29 | | Straits Times Index | 3288.36 | 42.05 | 1.30 | | Jakarta Composite Index | 1894.58 | 45.19 | 2.44 | | | | | | | | | “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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