| | | | Index Performance | | Index | Sensex | Nifty | | Open | 20,970.07 | 6,282.45 | | High | 21,077.53 | 6,357.10 | | Low | 20,696.60 | 6,221.60 | | Today's Cls | 20,873.33 | 6,287.85 | | Prev Cls | 20,812.65 | 6,279.10 | | Change | 60.68 | 8.75 | | % Change | 0.29 | 0.14 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Engineering India | 1,271.45 | 9.46 | | Polaris Lab | 130.20 | 7.38 | | HDIL | 1,210.25 | 6.34 | | Suzlon Energy | 2,273.55 | 4.77 | | Asian Paints | 1,262.10 | 4.60 | | Losers | | Punjab Tractors | 318.30 | -8.05 | | Ramco Systems | 214.60 | -7.64 | | GIPCL | 155.85 | -7.15 | | Essel Propack | 66.90 | -6.76 | | EIH | 207.95 | -6.60 | | | Market Statistics | | - | BSE | NSE | | Advances | 541 | 160 | | Declines | 2,369 | 1,050 | | Unchanged | 12 | 5 | | Volume(Nos) | 107.69cr | 93.84cr | | | | | | Market Commentary | | | Market ends flat amid volatility | | After an intra-day swing of 380 points the Sensex ended on a flat note. | | The market was highly volatile as stocks gyrated between zones throughout the trading session with the index witnessing an intra-day swing of 380 points. | | | | On the back of firm global indices, the Sensex began its initial trades on a positive note at 20,970, 157 points above its previous close and rallied sharply above the 21,000 level to touch an intra-day high of 21,078. Steady to firm selling pressure thereafter saw the index plunge deep into the red to slip below the 20,700 mark and touch the low of 20,696. The Sensex managed to erase most of its losses on buying in most of the heavyweights and ended 61 points up at 20,873. The Nifty ended marginally up by 9 points at 6,288. | | | Movers & Shakers | - Mahindra & Mahindra flared up on the report that the Company has acquired renowned Italian design house, GRD Italy.
- Sterlite Technologies slipped despite announcing that the Company has won Rs1.4 billion contract from RVPN, India.
| | | |
The breadth of the market was negative. Of the 2,922 stocks traded on the BSE, 2,369 stocks declined, 541 stocks advanced and 12 stocks ended unchanged.
Among the sectoral indices, all the sectoral indices except BSE IT index, BSE Teck index and BSE Bankex index were trading with the marginal gains. The BSE Metal index has dropped 3%, the BSE CD index has declined 2.93% and the BSE PSU index has shed 1.70% while BSE FMCG, Auto, HC, Oil & Gas, Reality and Power were in red at the close of trading.
Selective buying helped the index overcome its losses. Bharti Airtel flared up 4.01% at Rs974, HDFC Bank advanced 3.58% at Rs1,716, Satyam Computer rose 2.67% at Rs424.50 and SBI added 2.59% at Rs2,465. M&M, Reliance Communications, ONGC, TCS, Infosys and DLF witnessed steady gains.
Selling was evident in select heavyweight counters. Hindalco dropped 3.78% at Rs208.95, Tata Steel declined 3.66% at Rs891.80, Grasim tumbled 3.26% at Rs3,400.60, Maruti shed 2.43% at Rs939.65, ICICI Bank dipped 2.23% at Rs1,333.50, Reliance Energy moved down by 1.86% at Rs2,536 and HDFC 1.54% at Rs3,064.
BSE Metal stocks dropped sharply. Ispat Industries dipped 6.59% at Rs69.40, Nalco dropped 4.74% at Rs500.50, SH Precoated declined by 3.91% at Rs453.75. However, Bhushan Steel gained 3.73% at Rs1,607.95. Tisco, Jindal Saw, and Sterlite scaled down 3-2.50% each.
Over 52.21 lakh ITC shares changed hands on the BSE followed by Reliance Communications (41.53 lakh shares), NTPC (27.81 lakh shares), ONGC (15.66 lakh shares) and Hindalco (13.40 lakh shares).
| | | | | | | | European Indices at 16:20 IST on 08-01-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6368.10 | 32.40 | 0.51 | | DAX Index | 7856.22 | 39.05 | -0.50 | | | | | | | | | | | Asian Indices at close on 08-01-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14528.67 | 28.12 | 0.19 | | Hang Seng Index | 27112.90 | -66.59 | -0.25 | | Kospi Index | 1826.23 | -4.91 | -0.27 | | Straits Times Index | 3338.27 | -14.79 | -0.44 | | Jakarta Composite Index | 2785.63 | 9.22 | 0.33 | | | | | | | | 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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