| | | | Index Performance | | Index | Sensex | Nifty | | Open | 18,037.90 | 5,658.90 | | High | 18,841.29 | 5,658.90 | | Low | 17,307.90 | 5,107.30 | | Today's Cls | 18,715.82 | 5,559.30 | | Prev Cls | 19,051.86 | 5,668.05 | | Change | -336.04 | -108.75 | | % Change | -1.76 | -1.92 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | GMDC | 2,463.85 | 10.00 | | Nicholas Piramal | 293.30 | 8.05 | | Power Grid | 136.75 | 7.85 | | EIH | 132.65 | 4.45 | | Sterlite Optical | 290.95 | 3.78 | | Losers | | Tata Power | 1,175.95 | -14.22 | | Omaxe | 323.20 | -7.91 | | Gujarat Gas | 331.10 | -7.72 | | HDIL | 698.75 | -7.65 | | Reliance Energy | 1,762.40 | -7.46 | | | Market Statistics | | - | BSE | NSE | | Advances | 922 | 253 | | Declines | 1,757 | 863 | | Unchanged | 45 | 18 | | Volume(Nos) | 39.71cr | 79.54cr | | | | | | Market Commentary | | | Sensex recovers after crashing by 1,744 points | | After crashing by 1,744 points in intra-day trades, the market closed at 18,716 and shed 1.76% for the day. | | The BSE Sensex opened with a negative gap of 1,014 points at 18,038 on the back of the Sebi's discussion paper to clamp down on participatory notes, while | | | | the NSE Nifty opened marginally ten points down and dipped to 524 points. Although the market remained in negative territory throughout the trading session, yet the Sensex pared some of the losses and wrapped up the session with a loss of 336 points at 18,716 while the Nifty shed 109 points to close at 5559.
The market breadth was extremely weak. Of the 2,724 stocks traded on the BSE, 1,757 stocks declined, 922 stocks advanced and 45 stocks remained unchanged. All the sectoral indices plummeted sharply. The BSE PSU Index dropped 3.84%, the BSE Bankex shed 3.67%, the BSE Reality Index declined 3.50%, the BSE Metal Index dropped 2.70%, the BSE CD Index was down 2.45% and the BSE Auto Index declined 2.19%. The remaining indices were down around 1-2% each. | | | Movers & Shakers | - Geodesic Information Systems surged marginally on news that Geodesic Mundu Radio has achieved the Symbian signed status available for the latest Nokia smartphones.
- Reliance Energy closed in the red despite reports that the company has recorded a profit of Rs250.08 crore for the quarter ended September 30, 2007.
- Patni Computers slipped despite announcing US$200-million strategic deal with UK-based The Carphone Warehouse.
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Among the Sensex gainers, TCS leads with a gain of 2.53% at Rs1,095, Satyam Computer Services moved up 1.63% at Rs457, and Reliance, Infosys Technologies and Hindalco also gained marginally. While Reliance Energy tumbled 7.46% at Rs1,762, ACC plunged 5.05% at Rs1,202, SBI slumped 4.98% at Rs1,828, BHEL dropped 4.69% at Rs2,283, NTPC shed 4.52% at Rs221, Mahindra and Mahindra lost 4.23% at Rs780 and Tata Steel declined 4.18% at Rs869. The other front-line stocks were also down 2-3% each.
Dhanus Technologies was listed on the BSE at Rs295. Hectic activity saw the counter lose momentum and touch a low of Rs251. The counter closed at Rs311 on strong volumes of over 39.71 lakh shares on the BSE.
Over 4.76 crore Power Grid shares changed hands on the BSE followed by RNRL (3.68 crore shares), RPL (2.67 crore shares), Tata Teleservices (2.21 crore shares) and IFCI (1.22 crore shares).
| | | | | | | | European Indices at 16:15 IST on 17-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6622.20 | 7.90 | 0.12 | | CAC 40 Index | 5786.87 | 12.51 | 0.22 | | DAX Index | 7950.86 | -11.78 | -0.15 | | | | | | | | | | | Asian Indices at close on 17-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16955.31 | -182.61 | -1.07 | | Hang Seng Index | 29298.71 | 344.16 | 1.19 | | Kospi Index | 1983.94 | -21.82 | -1.09 | | Straits Times Index | 3839.73 | 29.01 | 0.76 | | Jakarta Composite Index | 2641.59 | 3.38 | 0.30 | | | | | | | | 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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