| | | | Index Performance | | Index | Sensex | Nifty | | Open | 18,247.03 | 5,470.40 | | High | 18,274.15 | 5,470.40 | | Low | 17,936.01 | 5,257.05 | | Today's Cls | 18,139.49 | 5,322.55 | | Prev Cls | 18,663.16 | 5,483.90 | | Change | -523.67 | -161.35 | | % Change | -2.81 | -2.94 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Chambal Fertilisers | 60.25 | 8.56 | | HMT | 94.10 | 4.96 | | National Fertilizers | 65.60 | 4.96 | | RCF | 96.45 | 4.95 | | Mirc Electronics | 24.85 | 4.85 | | Losers | | Titan Industries | 1,144.20 | -8.07 | | Satyam Computer | 408.65 | -6.74 | | Wipro | 425.00 | -6.45 | | Infosys | 1,510.60 | -6.25 | | GMR Infra | 176.40 | -6.07 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,299 | 430 | | Declines | 1,477 | 754 | | Unchanged | 42 | 16 | | Volume(Nos) | 43.86cr | 70.03cr | | | | | | Market Commentary | | | Sensex tanks on US recession fears | | Selling across-the-board on the back of weakness in global markets saw the Sensex shed 524 points for the day. | | Market continued to reel under heavy selling pressure and the benchmark Sensex tanked over 700 points by afternoon as the US Federal Reserve official's remarks | | | | amplifying fears of an economic recession in the US swiped global markets. The major Asian indices like the Hang Seng, the Nikkei index and the Straits Times index shed 3-5% each, thereby adding pressure on the domestic indices. However, selective buying at lower levels towards the close saw the Sensex recover over 200 points form the day's low. But, extensive correction in heavyweight, information technology, consumer durables and metal stocks kept the market in the negative territory. The Sensex finally ended the session at 18,139, down 524 points, while the Nifty shed 161 points and closed at 5,323.
All the sectoral indices had a weak outing. The BSE IT index dropped over 5.59% and the BSE CD index slipped 4.55%, while the BSE Metal index and the BSE Teck index were down over 3% each. The market breadth was negative. Of the 2,818 stocks traded on the BSE, 1,299 stocks advanced, 1,477 stocks declined and 42 stocks ended unchanged.
Most of the index heavyweights ended in the red. Among the IT pack Satyam Computer was the major loser and tumbled by 6.74% at Rs409, while Wipro at Rs425, Infosys at Rs1,511 and TCS at Rs901 slumped around 5-6% each. Among the other major losers Hindalco dropped 4.89% at Rs173, Maruti Suzuki lost 4.83% at Rs830, ONGC fell 4.41% at Rs1,027 and Bharti Airtel declined by 3.80% at Rs900. Reliance Energy, however, bucked the downtrend and gained 1.48% at Rs2,056. Reliance Communications was marginally up at Rs682.
Over 4.69 crore RNRL shares changed hands on the BSE followed by Ispat Industries (3.40 crore shares), Nagarjuna Fertilisers (2.45 crore shares), IFCI (2.06 crore shares) and Tata Teleservices (1.51 crore shares).
Valuewise, RNRL clocked a turnover of Rs735 crore on the BSE followed by Reliance Petroleum (Rs243 crore), Reliance Energy (Rs242 crore), Reliance Capital (Rs239 crore) and Reliance Communications (Rs210 crore). | | | | | | | | European Indices at 16:35 IST on 06-02-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 5873.70 | 5.70 | 0.10 | | CAC 40 Index | 4789.56 | 12.70 | 0.27 | | Dax Index | 6793.10 | 27.85 | 0.41 | | | | | | | | | | | Asian Indices at close on 06-02-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 13099.24 | -646.26 | -4.70 | | Hang Seng | 23469.46 | -1339.24 | -5.40 | | Straits Times | 2931.97 | -106.45 | -3.50 | | Jakarta Composite | 2639.09 | -65.16 | -2.41 | | | | | | | | 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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