| | | | Index Performance | | Index | Sensex | Nifty | | Open | 20103.44 | 5917.55 | | High | 20238.16 | 5976.00 | | Low | 19694.85 | 5833.90 | | Today's Cls | 19783.51 | 5868.75 | | Prev Cls | 19977.61 | 5905.90 | | Change | -194.16 | -37.15 | | % Change | -0.97 | -0.63 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Mangalore Refineries | 80.75 | 26.77 | | Bank of India | 372.60 | 17.93 | | Reliance Capital | 2,127.70 | 14.75 | | Chennai Petroleum | 344.05 | 8.81 | | Union Bank of India | 174.05 | 8.07 | | Losers | | Maruti Suzuki | 1,087.95 | -8.46 | | Engineering India | 754.65 | -7.19 | | M&M | 740.60 | -7.00 | | SAIL | 261.05 | -5.60 | | Alstom Projects | 940.85 | -5.32 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,087 | 403 | | Declines | 1,666 | 738 | | Unchanged | 69 | 24 | | Volume(Nos) | 51.34cr | 92.60cr | | | | | | Market Commentary | | | Market falls below 20K on profit booking | | Profit booking towards the close saw the Sensex shed 194 points and close below the 20,000 level. | | Unabated selling towards the end of the session saw the Sensex lose 454 points from the day's high of 20,238. The market continued to witness volatility till the mid-morning | | | | trades. But, dipped by more than 200 points after the Reserve Bank of India announced the CRR hike by 50 basis points while keeping bank rate, repo rate and reverse repo rate unchanged. However, the clarity over the monetary policy led a recovery from the low levels and the Sensex entered into the green. Thereafter the market moved with in a range with a positive bias. However sustained selling towards the close saw the Sensex slump below 20,000 and end the session down 194 points at 19,784. The broad based Nifty slipped 37 points at 5,869.
The market breadth was weak as the losers outpaced the gainers. Of the 2,822 stocks traded on the BSE, 1,666 stocks declined, 1,087 stocks advanced and 69 stocks ended unchanged. Except a few, most of the sectoral indices closed in the red. The BSE Auto index dropped 3.12% followed by the BSE Oil & Gas index (down 1.14%), the BSE Bankex index (down 0.94%), the BSE FMCG index (down 0.68%). However, the BSE Realty index gained 2.36%, the BSE CG index added 0.80% and the BSE Metal index moved up by 0.65%.
Most of the index heavyweights witnessed heavy correction. Among auto majors Maruti Suzuki tumbled by 8.46% at Rs1,088, M&M dropped 7% at Rs741 and Tata motors lost 4.93% at Rs767. Among the other major losers SBI slumped by 2.63% at Rs2,062, HDFC slipped by 2.02% at Rs2,756, Reliance Industries shed 2.02% at Rs2,771, Grasim lost 1.98% at Rs3,730, Ranbaxy dipped 1.92% at Rs415. Select counters, however, bucked the downtrend and ended with gains. Reliance Energy advanced by 3.91% at Rs1,789, BHEL advanced 1.63% at Rs2,655 and L&T moved up by 1.06% at Rs4,323 while Bharti Airtel, NTPC, Ambuja Cement, Dr Reddy's Lab and Wipro ended with modest gains.
Over 3.98 crore Reliance Natural Resources shares changed hands on the BSE followed by Reliance Petroleum (3.26 crore shares), Tata Tele Services (3.25 crore shares), Power Grid Corporation (1.94 crore shares) and Manglore Refinery (1.67 crore shares).
Reliance Capital was the most actively traded counter on the BSE and registered a turnover of Rs828 crore followed by Reliance Petroleum (Rs755 crore), Reliance Natural Resources (Rs459 crore), Reliance Energy (Rs419 crore) and Reliance Industries (Rs331 crore). | | | | | | | | European Indices at 16:15 IST on 30-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6667.40 | -38.60 | -0.58 | | CAC 40 Index | 5810.54 | -25.65 | -0.44 | | DAX Index | 7990.74 | -18.93 | -0.24 | | | | | | | | | | | Asian Indices at close on 30-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16651.01 | -47.07 | -0.28 | | Hang Seng | 31638.22 | 51.32 | 0.16 | | Kospi Index | 2052.37 | -10.55 | -0.51 | | Straits Times | 3798.45 | -21.33 | -0.56 | | Jakarta Composite Index | 2662.92 | -4.61 | -0.17 | | | | | | | | 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 | |
