| | | | Index Performance | | Index | Sensex | Nifty | | Open | 18,640.52 | 5,660.60 | | High | 18,815.11 | 5,660.60 | | Low | 18,333.21 | 5,477.50 | | Today's Cls | 18,737.27 | 5,617.10 | | Prev Cls | 18,907.60 | 5,663.25 | | Change | -170.33 | -46.15 | | % Change | -0.90 | -0.81 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Neyveli Lignite | 194.70 | 16.52 | | MRPL | 99.20 | 14.42 | | i-flex Solutions | 1,427.05 | 9.44 | | Mirc Electronics | 21.80 | 8.73 | | Welspun Guarat | 367.40 | 8.52 | | Losers | | Lanco Infra | 394.60 | -7.15 | | United phosphorus | 314.70 | -6.05 | | BOI | 343.50 | -5.35 | | Puravankara Projects | 385.05 | -5.33 | | Asian Paints | 983.00 | -4.99 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,015 | 364 | | Declines | 1,699 | 787 | | Unchanged | 54 | 16 | | Volume(Nos) | 38.68cr | 67.93cr | | | | | | Market Commentary | | | Sensex overcomes early blues, down only 170 points | | Across-the-board selling, led by the IT and oil stocks, saw the Sensex shed 170 points. | | The market witnessed a solid correction on the back of a meltdown in the major global indices coupled with the paring of foreign funds’ | | | | exposure in domestic markets. The Sensex began the trading session 267 points lower at 18641 and shed another 308 points to slip below the 18350 mark and touch the day's low of 18333. The market witnessed a dramatic turnaround in the afternoon as substantial buying at lower levels helped the index scale above 18800. However, heavy selling in information technology, oil and auto stocks kept the index in negative territory. The Sensex finally closed the session with a loss of 170 points at 18737 while the Nifty shed 46 points to close at 5617. | | | Movers & Shakers | - Lanco Infratech tumbled despite signing a Rs73.18-crore contract with Andhra Pradesh Health & Medical Housing & Infrastructure Dev. Corporation.
- Aurionpro Solutions slumped despite entering into an all-cash deal to acquire 100% control in Integro Technologies Pte, Singapore.
- Ansal Housing & Construction closed in the red despite performing opening ceremony of "Ansal Town" near Gurgaon.
- Indiaco Ventures fell despite acquiring 20.83% stake in Laser Cosmetics Pvt Ltd, a cosmetic surgery services company.
- Reliance Industries slipped despite executing two production-sharing contracts with the Kurdistan Regional Government.
| | | |
The market breadth was weak. Of the 2,768 stocks traded on the BSE, 1,699 stocks declined, 1,015 stocks advanced and 54 stocks ended unchanged. Except a few most of the sectoral indices finished in the red. The BSE Realty Index was the major loser and dropped 3.08% followed by the BSE IT Index (down 2.78%), the BSE Teck Index (down 2.71%) and the BSE Oil & Gas Index (down 2.28%). However, the BSE FMCG Index bucked the trend and gained 2.50% while the BSE Power Index and the BSE PSU Index closed with moderate gains.
Most of the Sensex stocks witnessed selling pressure and fell by over 1-4%. ONGC led the losers’ pack and crumbled by 4.78% at Rs1,180. Among the other major losers Bharti Airtel plummeted by 4.29% at Rs833, HDFC Bank dropped 4.08% at Rs1,476, Infosys tumbled by 3.60% at Rs1,642, Satyam Computer shed 6.99% at Rs658, ITC declined by 5.44% at Rs146, Maruti slumped 6.56% at Rs702, Reliance Industries fell by 4.88% at Rs859 and Wipro dipped 3.24% at Rs413. However, ITC jumped 5.30% at Rs178, NTPC surged 5.03% at Rs254, SBI gained 3.45% at Rs2,237 and HLL moved up by 2.85% at Rs199.
Over 4.38 crore Ispat Industries shares changed hands on the BSE followed by Reliance Natural Resources (2.19 crore shares), Essar Oil (1.57 crore shares), Mangalore Refineries (1.27 crore shares) and Reliance Petroleum (1.11 crore shares).
Value-wise Reliance Natural Resources registered a turnover of Rs316 crore on the BSE followed by Reliance Industries (Rs283 crore), Bharti Airtel (Rs253 crore), Reliance Petroleum (Rs240 crore) and Reliance Energy (Rs222 crore).
| | | | | | | | European Indices at 16:15 IST on 12-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6327.80 | 22.90 | 0.36 | | CAC 40 Index | 5509.67 | -14.51 | -0.26 | | DAX Index | 7782.18 | -30.22 | -0.39 | | | | | | | | | | | Asian Indices at close on 12-11-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 15197.09 | -386.33 | -2.48 | | Hang Seng | 27665.73 | -1117.68 | -3.88 | | Kospi Index | 1923.42 | -67.05 | -3.37 | | Straits Times | 3511.12 | -88.55 | -2.46 | | Jakarta Composite Index | 2671.90 | -35.76 | -1.32 | | | | | | | | 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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