| | | | Index Performance | | Index | Sensex | Nifty | | Open | 20,498.11 | 6,159.25 | | High | 20,498.11 | 6,185.40 | | Low | 20,065.63 | 6,040.40 | | Today's Cls | 20,104.39 | 6,058.10 | | Prev Cls | 20,375.87 | 6,159.30 | | Change | -271.48 | -101.20 | | % Change | -1.33 | -1.64 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Lanco Infra | 835.15 | 10.81 | | Gillette India | 1,102.70 | 8.92 | | JSW Steel | 1,334.65 | 7.84 | | Spice Tele | 63.80 | 7.69 | | GE Shipping | 526.30 | 6.80 | | Losers | | Bharti Airtel | 987.80 | -6.24 | | Micro Inks | 407.55 | -4.64 | | Parsvnath Developers | 410.75 | -4.24 | | Gail India | 520.65 | -3.91 | | D-Link India | 106.70 | -3.83 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,842 | 603 | | Declines | 1,060 | 575 | | Unchanged | 26 | 8 | | Volume(Nos) | 79.36cr | 93.99cr | | | | | | Market Commentary | | | Sensex tanks on weak global cues | | Weakness in international markets triggered a major sell-off and the Sensex shed 1.33% for the day. | | Despite touching all-time high in morning trades, the market shed over 400 points during the day and touched the day's low of 20,066 | | | | towards the close tracking weakness in international markets. The market was under selling pressure for the entire trading session, however small-caps received major buying support. After yesterday's gain of 84 points, the Sensex resumed on a positive note at 20,498, up 122 points, but lost ground as trading progressed. The market witnessed a steep fall towards the close as selling in heavyweights, oil, technology and banking stocks dragged the Sensex to its day's low. The Sensex finally wrapped up the session at 20,104, down 271 points. The Nifty closed at 6,058, down 101 points. | | | Movers & Shakers | - Finolex Cables gained on signing a pact with J-Power Systems Corporation, Japan to offer complete turnkey solutions in EHV cable systems.
- Great Eastern Shipping Company jumped on signing a contract with Cosco (Zhoushan) Shipyard Co. for two new building supramax dry bulk carriers.
- Praj Industries moved up on forming a joint venture with Brazilian company Jaragua Eguipamentos Industriais Ltda to enter into ethanol market in the world.
- Thomas Cook closed in the green on signing a Memorandum of Understanding (MoU) with JTB Corp, Japan to access JTB's network across 30 countries along with its affiliates.
- Rajesh Exports slipped despite securing maiden branded diamond jewelry export order of Rs116 crore from Excel Goldsmiths, UAE.
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However, the market breadth was positive. Of the 2,928 stocks traded on the Bombay Stock Exchange (BSE), 1,842 stocks advanced, 1,060 stocks declined and 26 stocks ended unchanged. Except few, all the sectoral indices ended in the red. The BSE Oil & Gas index was the major loser and declined 2.17% at 12,867 followed by the BSE Teck index (down 2.10% at 3,880), the BSE Bankex index (down 1.85% at 11,495) and the BSE PSU index (down 1.59% at 10,083).
Except for a few select stocks, most of the front-line stocks succumbed to selling pressure. Among the major laggards Bharti Airtel shed 6.24% at Rs988, ICICI Bank dropped 3.70% at Rs1,243, Maruti Suzuki slumped by 3.45% at Rs1,038, Satyam Computer declined by 2.34% at Rs421, ONGC fell 2.23% at Rs1,228, BHEL tumbled by 2.15% at Rs2,592 and NTPC slipped by 1.97% at Rs246. ITC, however, advanced 4.12% at Rs197, Tata Steel gained 2.89% at Rs889, Cipla added 2.10% at Rs204, Hindalco moved up 1.58% at Rs209, Bajaj Auto surged 1.46% at Rs2,819 and HDFC added 1.08% at Rs3,137 while Ranbaxy, Mahindra & Mahindra, HLL and DLF ended with steady gains.
Over 4.77 crore Ispat industries shares changed hands on the BSE followed by GV Films (3.82 crore shares), Tata Teleservices (2.87 crore shares), IFCI (2.46 crore shares) and Spice Teleservices (1.50 crore shares).
Value-wise, Ispat Industries was the most actively traded counter on the BSE and registered a turnover of Rs365 crore followed by IFCI (Rs274 crore), Mundra Port (Rs267 crore), Lanco Infratech (Rs199 crore) and Kolte Patil Developers(Rs198 crore).
| | | | | | | | European Indices at 16:20 IST on 13-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6461.00 | -98.80 | -1.51 | | CAC 40 Index | 5653.64 | -89.48 | -1.56 | | DAX Index | 8001.13 | -74.99 | -0.93 | | | | | | | | | | | Asian Indices at close on 13-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 15536.52 | -395.74 | -2.48 | | Hang Seng | 27744.45 | -776.61 | -2.72 | | Kospi Index | 1915.90 | -11.55 | -0.60 | | Straits Times | 3479.31 | -69.94 | -1.97 | | Jakarta Composite Index | 2755.73 | -40.11 | -1.43 | | | | | | | | 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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