| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,742.20 | 4,958.55 | | High | 16,754.06 | 4,976.70 | | Low | 16,164.57 | 4,812.95 | | Today's Cls | 16,339.89 | 4,864.25 | | Prev Cls | 16,677.88 | 4,953.00 | | Change | -337.99 | -88.75 | | % Change | -2.03 | -1.79 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Zee Entertainment | 259.40 | 6.38 | | Hindalco | 199.90 | 5.27 | | Colgate Palmolive | 407.25 | 4.92 | | ABG Shipyard | 680.00 | 4.72 | | Maruti Suzuki | 905.70 | 3.59 | | Losers | | Yes Bank | 206.45 | -9.97 | | HDIL | 724.90 | -9.97 | | Akruti City | 990.15 | -9.51 | | Lanco Infra | 409.15 | -9.12 | | Moser Baer | 153.95 | -8.99 | | | Market Statistics | | - | BSE | NSE | | Advances | 497 | 176 | | Declines | 2,198 | 1,034 | | Unchanged | 42 | 5 | | Volume(Nos) | 29.24cr | 57.44cr | | | | | | Market Commentary | | | Sensex drops 338 points | | The market plunged 2.03% amid steep slump in reality, banking, consumer goods and technology stocks. | | The slide in the market continued vigorously for the second straight session, with the index erasing nearly 76 points gains made in the early trades and finally tumbling | | | | over 2% at close for the second straight session. The related Bombay Stock Exchange (BSE) sectoral indices also bore the brunt and tanked over 2-5% each. However, the mood was extremely bullish in the first hour of the trading session. The Sensex taking a cue from the positive global indices resumed 64 points higher at 16,742 and added another 12 points to touch an intra-day high of 16,754. Exhibiting sharp volatility thereafter, the Sensex eased in late morning trades and continued moving southwards through the afternoon. Frantic selling towards the closing hours saw the index come close to slip below the 16,200 level and touch the day's low of 16,165. The Sensex finally ended with losses of 338 points at 16,340, whereas the Nifty dropped 89 points to close at 4,864. | | | Movers & Shakers | - Advanta India lost significantly despite announcing the acquisition of the business of Garrison & Townsend, LP, ("GT") Hereford, Texas, USA.
| | | |
The breadth of the market was weak with losers outpacing gainers. Of the 2,737 stocks traded on the BSE, 2,198 stocks declined, 497 stocks advanced and 42 stocks ended unchanged. All the sectoral indices were hammered. The BSE Realty index tanked by 5.43% followed by the BSE Bankex index (down 4.00%), the BSE FMCG index (down 2.57%), the BSE Oil & Gas index (down 2.46%) and the BSE Teck index (down 2.42%).
Among the major laggards, ICICI Bank tanked 5.16% at Rs971.60, ACC tumbled 5.11% at Rs746, DLF declined 5.11% at Rs678.15, Reliance Communications plunged 4.96% at Rs514.55, Cipla dropped 4.61% at Rs201.90, ITC crumbled 4.22% at Rs184.85, Larsen & Toubro slumped 3.61% at Rs3,223.15 and Infosys fell by 3.54% at Rs1,419.90. RIL, Bharti Airtel, SBI, Bajaj Auto, HDFC Bank, ONGC, Satyam Computer, Hind Utilities, Wipro, BHEL and Ranbaxy dropped over 0.2% each. While Hindalco gained 5.27% at Rs199.90, Maruti Suzuki moved up 3.59% at Rs905.70, M&M soared 3.08% at Rs705.35 and HDFC advanced 2.54% at Rs2,636.65. REL, Tata Motors, TCS, Ambuja Cement, Tisco, Grasim Industries and NTPC ended with modest gains.
Over 1.96 crore RNRL shares changed hands on the BSE followed by RPL (1.43 crore shares), Essar Oil (1.33 crore shares), IFCI (1.11 crore shares) and Ispat Industries (1.08 crore shares).
| | | | | | | | European Indices at 16:15 IST on 04-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5765.20 | -53.40 | -0.92 | | CAC 40 Index | 4693.09 | -49.57 | -1.05 | | DAX Index | 6602.72 | -87.23 | -1.30 | | | | | | | | | | | Asian Indices at close on 04-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12992.28 | 0.10 | 0.00 | | Hang Seng Index | 23119.87 | -465.10 | -1.97 | | Kospi Index | 1676.18 | 4.45 | 0.27 | | Straits Times Index | 2919.68 | -6.87 | -0.23 | | Jakarta Composite Index | 2634.75 | -17.56 | -0.66 | | | | | | | | 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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