| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,799.63 | 5,211.65 | | High | 17,890.49 | 5,233.10 | | Low | 17,494.70 | 5,126.05 | | Today's Cls | 17,777.14 | 5,208.05 | | Prev Cls | 17,847.04 | 5,210.80 | | Change | -69.90 | -2.75 | | % Change | -0.39 | -0.04 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Jindal Steel | 6291.75 | 16.95 | | Neyveli Lignite | 115.75 | 9.15 | | CESC | 588.10 | 8.69 | | GIPCL | 95.50 | 7.85 | | HDIL | 707.60 | 6.78 | | Losers | | Nestle | 1260.00 | -4.04 | | JP Associates | 1129.05 | -4.02 | | United Phosphorus | 377.50 | -3.96 | | ONGC | 985.95 | -3.77 | | Tata Power | 992.95 | -3.71 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,164 | 419 | | Declines | 1,612 | 711 | | Unchanged | 53 | 31 | | Volume(Nos) | 47.52cr | 75.05cr | | | | | | Market Commentary | | | Sensex wraps up its longest winning streak | | Sensex fell after snapping its longest winning run in almost four years amid heavy selling in banking, fast moving consumer goods (FMCG) and technology stocks. | | The market took a halt after having recorded gains for eleven consecutive sessions that had lifted the Sensex to a record peak above 17,950. Tracking the weak Asian | | | | markets, the Sensex resumed the session with a negative gap of 47 points at 17,800 and continued moving southwards. As selling intensified by the afternoon in banking, FMCG and oil stocks, the Sensex touched the day's low of 17,495 below the 17,500 mark. The market saw a sharp upmove thereafter but the widespread selling assured that the Sensex remains in the negative territory. The Sensex finally ended the session with a loss of 70 points at 17,777, while the Nifty dropped by two points to close at 5,209.
The breadth of the market was negative. Of the 2,829 stocks traded on the BSE 1,612 stocks declined, 1,164 stocks advanced and 53 stocks ended unchanged. However, most of the sectoral indices of the Bombay Stock Exchange (BSE) ended in positive territory. The BSE CD index rallied sharply and gained 2.75% at 4,870. The BSE Metal index, the BSE CG index, the BSE Auto index, the BSE Oil and the BSE Realty index added over 0.50%-1% each. However, the Bankex index slipped 1.44% while the BSE FMCG index, the BSE IT index and the BSE PSU index slipped marginally. | | | Movers & Shakers | - Panacea Biotec surged on signing a memoranda of agreement with Family Vaccines, Philippines to provide "Easy Vaccines" through its chain of 50 immunisation clinics.
- Ranbaxy Laboratories moved up on receiving final approval from the US Food and Drug Administration to manufacture and market Clarithromycin for oral suspension.
- GE Shipping slipped despite taking the delivery of a MR product tanker from TX Shipping, Korea.
- Sun TV Network closed in the red despite launching two FM Radio Stations at Madurai and Tuticorin under the brand 'Suryan FM'.
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Index heavyweight ONGC triggered a major sell-off in the market and tumbled by 3.77% at Rs986. Among the other major losers, HDFC dropped 3.65% at Rs2,500, ICICI Bank declined by 2.45% at Rs1,061, Wipro lost 1.99% at Rs461, Hindalco shed 1.84% at Rs176, M&M slumped by 1.61% at Rs758, Grasim slipped by 1.52% at Rs2,590 and ITC dipped by 1.33% at Rs185. However, NTPC managed to report gains and moved up by 4.33% at Rs226, Tata Steel advanced 2.94% at Rs865, Cipla added 2.19% at Rs189 and Maruti Udyog gained 2.10% at Rs1,041.
Over 2.57 crore Himachal Futuristic Communication shares changed hands on the BSE followed by Ispat Industries (2.54 crore shares), Nagarjuna Fertilisers (2.45 crore shares), Tata Teleservices (1.67 crore shares) and Reliance Natural Resources (1.66 crore shares).
Reliance Energy was the most actively traded counter on the BSE with a turnover of Rs463 crore followed by Reliance Industries (Rs242 crore), Reliance Capital (Rs231 crore), Unitech (Rs186 crore) and DLF (Rs175 crore).
| | | | | | | | European Indices at 16:45 IST on 04-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6565.80 | 30.60 | 0.47 | | CAC 40 Index | 5808.17 | 1.99 | 0.03 | | DAX Index | 7948.88 | -6.42 | -0.08 | | | | | | | | | | | Asian Indices at close on 04-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17092.49 | -107.40 | -0.62 | | Hang Seng | 26973.98 | -505.96 | -1.84 | | Kospi Index | 2003.60 | -10.49 | -0.52 | | Straits Times | 3783.81 | 29.19 | 0.78 | | Jakarta Composite Index | 2473.16 | 21.57 | 0.88 | | | | | | | | 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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