| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,211.96 | 4,918.30 | | High | 16,211.96 | 4,918.30 | | Low | 15,689.92 | 4,672.25 | | Today's Cls | 15,975.52 | 4,771.60 | | Prev Cls | 16,542.08 | 4,921.40 | | Change | -566.56 | -149.80 | | % Change | -3.42 | -3.04 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Suzlon Energy | 247.45 | 4.12 | | NALCO | 469.55 | 3.64 | | Indian Bank | 168.40 | 3.38 | | Reliance Comm | 543.35 | 2.99 | | Nicholas Piramal | 279.35 | 2.18 | | Losers | | Ansal Infra | 165.65 | -13.25 | | Adlabs Films | 607.95 | -13.18 | | Reliance Energy | 1,270.00 | -12.98 | | Educomp Solutions | 3,383.70 | -12.82 | | Nagarjuna Fertilizers | 37.40 | -11.69 | | | Market Statistics | | - | BSE | NSE | | Advances | 295 | 92 | | Declines | 2,384 | 1,127 | | Unchanged | 31 | 5 | | Volume(Nos) | 28.94cr | 54.14cr | | | | | | Market Commentary | | | Sensex plummets 567 points | | Weak global cues saw the Sensex tank 567 points at close on across-the-board selling pressure. | | The southbound journey continued for another session as a slump in global indices and concerns of recession in the USA made investors nervous, | | | | triggering a major sell-off. The Sensex resumed on a bearish note at 16,212, down 330 points, tracking weak global cues and accumulated more losses by afternoon as selling intensified amid reality, power, banking and capital goods stocks. The Sensex plummeted over 852 points to touch the day's low of 15,690. However, buying in late trades helped the Sensex recover some losses and close the session down 567 points at 15,976. The broad based Nifty closed at 4,772, down 150 points.
All the sectoral indices were mauled and declined by 2-6% each. The BSE Realty index was the major loser and crashed by 6.64% followed by the BSE Power index (down 5.57%), the BSE Bankex index (down 4.92%), the BSE CG index (down 4.52%) and the BSE Auto index (down 4.44%). The BSE second-rung benchmark indices the BSE mid-cap index and the BSE small-cap index tanked by over 4% each.
The breadth of the market was heavily skewed in favor of losers. Of the 2,710 stocks traded on the BSE, 2,384 stocks declined, 295 stocks advanced and 31 stocks ended unchanged. Except Reliance Communications, HUL and Bharti Airtel all the stocks in the Sensex ended at lower levels. Among the major losers Reliance Energy crashed by 12.98% at Rs1,270, Bajaj Auto plunged by 11.23% at Rs1,889, ICICI Bank slumped by 7.04% at Rs893, L&T crumbled by 6.64% at Rs2,988, Hindalco plummeted by 5.79% at Rs196, NTPC dropped 5.06% at Rs185, HDFC shed 4.57% at Rs2,629 and M&M tanked 4.52% at Rs665. However, Reliance Communications bucked the trend and gained 2.99% at Rs543, while HUL and Bharti Airtel gained marginally.
Over 2.19 crore RNRL shares changed hands on the BSE followed by GSS America (1.39 crore shares), Ispat Industries (1.24 crore shares), Reliance Petroleum (1.05 crore shares) and Tata Teleservices (88 lakh shares).
Valuewise, GSS America registered a turnover of Rs657 crore on the BSE followed by Reliance Industries (Rs286 crore), RNRL (Rs239 crore), Reliance Communications (Rs230 crore) and Reliance Energy (Rs229 crore). | | | | | | | | European Indices at 17:00 IST on 07-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 5701.60 | -64.80 | -1.12 | | CAC 40 Index | 4628.93 | -49.12 | -1.05 | | Dax Index | 6514.91 | -76.40 | -1.16 | | | | | | | | | | | Asian Indices at close on 07-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 12782.80 | -432.62 | -3.27 | | Hang Seng | 22501.33 | -841.40 | -3.60 | | Kospi Index | 1663.97 | -33.47 | -1.97 | | Straits Times | 2866.28 | -51.64 | -1.77 | | Jakarta Composite | 2656.46 | 16.80 | 0.64 | | | | | | | | 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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