| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,972.75 | 5,937.95 | | High | 20,026.12 | 6,013.15 | | Low | 19,643.76 | 5,880.30 | | Today's Cls | 19,700.82 | 5,913.20 | | Prev Cls | 19,868.11 | 5,935.75 | | Change | -167.29 | -22.55 | | % Change | -0.84 | -0.38 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Bombay Deying | 970.15 | 8.30 | | NALCO | 450.35 | 7.42 | | Colgate Palmolive | 481.60 | 5.88 | | HDIL | 1,394.00 | 5.79 | | GMDC | 487.00 | 5.50 | | Losers | | Spice Tele | 46.90 | -4.38 | | Lanco Infra | 697.05 | -4.28 | | IDBI | 164.85 | -4.27 | | Sun TV | 386.50 | -4.02 | | Indian Bank | 223.65 | -3.91 | | | Market Statistics | | - | BSE | NSE | | Advances | 2,003 | 812 | | Declines | 833 | 383 | | Unchanged | 41 | 12 | | Volume(Nos) | 59.04cr | 66.08cr | | | | | | Market Commentary | | | Market ends on a bearish note | | The Sensex remained bearish through the session and was down 167 points on late selling in banking, oil, and IT stocks. | | The market witnessed a dramatic turnaround in the afternoon as substantial selling at higher levels dragged the index below 19,650 mark and | | | | the Sensex fell over 220 points in the last hour of the trading session. The Sensex began the trading session above 105 points at 19,973, however it quickly slipped into the red tracking weak US and Asian markets. While the market languished in the negative territory, the index rolled back into the green in the afternoon and surged to an intra-day high of 20,026 on fresh buoyancy in the index pivotal stocks. However, profit bookings in heavyweights, banking, oil, and IT stocks saw the Sensex enter into negative territory again to touch the day's low of 19,644. The Sensex finally closed the session with a loss of 167 points at 19,701, while the Nifty slipped 23 points to close at 5,913. | | | Movers & Shakers | - Reliance Energy slipped despite its Q3FY2008 net profit rising to Rs301.60 crore from Rs201.03 crore in Q3FY2007.
- Godrej Consumer Products gained after its Q3FY2008 net profit increased by 13% to Rs41.47 crore from Rs36.63 crore in Q3FY2007.
- Steel Strips Wheels surged on winning an order from a French company to export steel wheel rims for a period of five years.
- Hindustan Construction Company closed in the red in spite of taking civil works for the project involving strategic storage of crude oil at Visakhapatnam.
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The market breadth was positive. Of the 2,877 stocks traded on the Bombay Stock Exchange (BSE), 2,003 stocks advanced, 833 stocks declined and 41 stocks ended unchanged. Out of the 13 sectoral indices, seven indices ended higher while six indices eased on profit taking. The BSE FMCG index gained 1.79% and the BSE CG index moved up by 1.38%. However, the Oil & Gas index fell 1.97%, the BSE Bankex index slipped 1.58% and the BSE IT index slipped 0.76%.
Among the 30 Sensex stocks, 17 bore the brunt of heavy selling. Ambuja Cement led the slump and crashed by 3.89% at Rs131. Among the other major laggards DLF tumbled by 3.71% at Rs1,086, ICICI Bank dropped 3.46% at Rs1,322, Reliance Industries slumped 3.30% at Rs2,996, Ranbaxy fell 2.85% at Rs368, Reliance Energy declined by 2.38% at Rs2,213 and TCS lost 2.31% at Rs923. Other major front-line stocks shed 1-2% each. However, ITC rose 3.98% at Rs217, Grasim surged 3.05% at Rs3,360, Maruti Suzuki gained 2.76% at Rs867, L&T moved up 2.20% at Rs4,078 and Cipla added 1.83% at Rs209.
Over 4.60 crore Himachal Futuristic Communication shares changed hands on the BSE followed by RNRL (1.96 crore shares), Ispat Industries (1.90 crore shares), Bellari Steel (1.56 crore shares) and Hindustan Motors (1.12 crore shares).
Valuewise, Reliance Industries registered a turnover of Rs472 crore on the BSE followed by RNRL (Rs431 crore), Reliance Energy (Rs316 crore), Reliance Capital (Rs210 crore) and Himachal Futuristic Communication (Rs202 crore).
| | | | | | | | European Indices at 16:30 IST on 17-01-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 5955.50 | 12.60 | 0.21 | | CAC 40 Index | 5243.24 | 17.85 | 0.34 | | Dax Index | 7520.86 | 49.29 | 0.66 | | | | | | | | Asian Indices at close on 17-01-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 13783.45 | 278.94 | 2.07 | | Hang Seng | 25114.98 | 664.13 | 2.72 | | Kospi Composite | 1723.55 | 18.58 | 1.09 | | Straits Times | 3139.88 | 81.39 | 2.66 | | Jakarta Composite | 2649.28 | 56.97 | 2.20 | | | | | | | | 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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