| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,427.34 | 5,120.55 | | High | 17,427.34 | 5,126.40 | | Low | 16,457.74 | 4,803.60 | | Today's Cls | 16,630.91 | 4,857.00 | | Prev Cls | 17,464.89 | 5,120.35 | | Change | -833.98 | -263.35 | | % Change | -4.78 | -5.14 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | VSNL | 481.25 | 8.55 | | Satyam Computer | 423.85 | 3.38 | | Zee Entertainment | 247.15 | 2.55 | | Cadila Healthcare | 250.45 | 2.06 | | Bank of India | 361.15 | 1.79 | | Losers | | Reliance Energy | 1,582.30 | -19.40 | | Lanco Infra | 399.80 | -16.46 | | Orchid Chemicals | 208.45 | -15.81 | | HDIL | 783.40 | -13.75 | | Hinduja Ventures | 482.10 | -13.29 | | | Market Statistics | | - | BSE | NSE | | Advances | 243 | 68 | | Declines | 2,459 | 1,103 | | Unchanged | 35 | 5 | | Volume(Nos) | 31.69cr | 51.34cr | | | | | | Market Commentary | | | Market takes heavy pounding | | Across-the-board selling pressure led by power stocks saw the Sensex lose 4.78%. | | The market witnessed another big fall today shedding over 1,000 points, as unabated selling in power, oil and realty stocks saw the Sensex to touch the day's | | | | low of 16,458. After resuming slightly lower at 17,427, the Sensex dropped immediately deep into the red tracking weak Asian peers. However, sustained buying in frontline stocks helped the index erase some of its losses by afternoon. But, the market mood turned extremely bearish in late trades and the Sensex tanked 834 points or 4.78% to close at 16,631. The Nifty shed 263 points or 5.14% at 4,857.
The market breadth was extremely weak. Of the 2,737 stocks traded on the Bombay Stock Exchange (BSE), 2,459 stocks declined, 243 stocks advanced and 35 stocks ended unchanged. The sectoral indices were largely weak. The BSE Metal index lost 1.56%, the BSE Power index declined by 8.61%, the Oil & Gas index fell 7.07%, the BSE Realty index tumbled 6.29% and the BSE PSU index shed 6.05%. However, the BSE IT index closed with marginal gains.
Several heavyweights took a sharp tumble on late selling pressure. Reliance Energy tanked 19.40% at Rs1,582, Reliance Communications tumbled by 8.62% at Rs590, HLL dropped 7.46% at Rs196, M&M declined by 7.41% at Rs597, NTPC slumped by 6.74% at Rs190, Ranbaxy lost 6.70% at Rs357, SBI slipped by 6.67% at Rs2,045, L&T dipped 6.12% at Rs3,312 and Reliance Industries shed 6.07% at Rs2,275. Select counters, however, ended in the green. Satyam Computer surged 3.38% at Rs424 and Maruti Suzuki advanced by 1.01% at Rs812, while Infosys, TCS and Wipro moved up by 1% each.
Over 6.38 crore Reliance Power shares changed hands on the BSE followed by RNRL (2.68 crore shares), Ispat Industries (1.35 crore shares), Reliance Petroleum (1.24 crore shares) and Nagarjuna Fertilisers (93.79 lakh shares).
Valuewise, Reliance Power registered a turnover of Rs2,640 crore on the BSE followed by Reliance Energy (Rs398 crore), RNRL (Rs361 crore), Reliance Industries (Rs249 crore) and Reliance Petroleum (Rs191 crore). | | | | | | | | European Indices at 16:20 IST on 11-02-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 5769.50 | -14.50 | -0.25 | | CAC 40 Index | 4711.23 | 1.58 | 0.03 | | Dax Index | 6749.09 | -18.19 | -0.27 | | | | | | | | | | | Asian Indices at close on 11-02-2008 | | | | Index | Level | Change (pts) | Change (%) | | Hang Seng | 22616.11 | -853.35 | -3.64 | | Kospi Index | 1640.67 | -55.90 | -3.29 | | Straits Times | 2868.29 | -63.68 | -2.17 | | Jakarta Composite | 2589.38 | -49.70 | -1.88 | | | | | | | | 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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