| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,725.68 | 4,519.90 | | High | 15,169.61 | 4,617.95 | | Low | 14,677.24 | 4,468.55 | | Today's Cls | 14,833.46 | 4,533.00 | | Prev Cls | 14,809.49 | 4,503.10 | | Change | 23.97 | 29.90 | | % Change | 0.16 | 066 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Cummins India | 296.90 | 6.91 | | DLF | 634.75 | 5.30 | | Unitech | 277.00 | 5.26 | | Dish TV | 45.15 | 5.00 | | Indian Bank | 157.80 | 4.64 | | Losers | | Yes Bank | 126.40 | -14.42 | | Akruti City | 720.00 | -8.84 | | Max India | 121.85 | -7.93 | | Areva T&D India | 1,388.30 | -7.76 | | Indian Overseas Bank | 120.15 | -7.51 | | | Market Statistics | | - | BSE | NSE | | Advances | 749 | 357 | | Declines | 1,918 | 849 | | Unchanged | 67 | 17 | | Volume(Nos) | 37.04cr | 58.93cr | | | | | | Market Commentary | | | Market ends flat amid sharp swing | | After witnessing a swing of 493 points in intra-day trades, the Sensex ended with marginal gains. | | The market showed signs of easing off in the first half as the Sensex dropped nearly 132 points, but recovery in the afternoon trades and selective buying towards the | | | | close saw the Sensex end higher. Exhibiting sharp volatility in the first half, the Sensex resumed with a negative gap of 84 points at 14,726 and soon crossed the 17,700 mark to touch an intra-day high of 14,677 on sustained selling across the board. However, the market soon drifted into positive territory as a sharp bout of buying pressure dragged the index to an intra-day high of 15,170. After erasing losses in the noon trades, the Sensex once again notched up significant gains on renewed buying support before profit taking saw the Sensex shed some gains and end the session at 14,833, up 24 points. However, the Nifty after a mixed outing ended higher at 4,533, up 30 points. | | | Movers & Shakers | - Era Infra Engineering inched lower despite bagging a Rs86.5-crore order from M/s Central Park Estates Pvt Ltd.
- Great Eastern Shipping Company ended weak on a report that the company is contracting to sell its handy size dry bulk carrier.
- Larsen & Toubro rose on a contract valued at Euro28 million (Rs170 crore) for supplying coal gasifier and syngas cooler assembly to M/s Hebi Coal and Electricity Co.
- Ranbaxy Laboratories moved up on reports that the company is to introduce INERSAN brand in India and Nepal.
| | | |
However, the market breadth ended weak. Of the 2,734 stocks traded on the BSE 1,918 stocks declined, 749 stocks advanced and 67 stocks ended unchanged. Most of the sectoral indices ended with steady gains. However, the BSE Metal index dropped 2.07% at 13,441, while the BSE Bankex & CD index declined by around 1% each.
Select heavyweights helped the Sensex end at higher levels. Reliance pack led the recovery with Reliance Energy rising by 3.09% at Rs1,227.65 and Reliance Communications advancing by 3.03% at Rs476. Among the other major gainers DLF jumped 5.30% at Rs634.75, HUL scaled up 3.80% at Rs231.05, Ranbaxy Laboratories moved up by 3.40% at Rs452.85 and TCS gained 3.17% at Rs817.30. However, Jaiprakash Associates dropped 3.56% at Rs200.65, Tata Steel tumbled 2.92% at Rs639.25, SBI shed 2.52% at Rs1,592 and Hindalco lost 2% at Rs161.55. Infosys, RIL, ACC and Grasim also ended with losses.
Select consumer goods (CG) stocks rallied sharply. Havells India zoomed 6.21% at Rs430, Siemens advanced 4.44% at Rs653.60, Elecon Engineering added 3.21% at Rs170.20 and Punj Lloyd gained 3.17% at Rs307.30.
Metal stocks declined sharply on sustained selling pressure. Gujarat NRE tanked 7.42% at Rs134.85, Jindal Saw dropped 6.40% at Rs609.60, SH Precoated shed 4.97% at Rs151.05, Hindustan Zinc lost 4.68% at Rs518.90 and Sterlite Industries dipped 4.28% at Rs692.65.
Over 2.77 crore RNRL shares changed hands on the BSE followed by JaiPrakash Associates (2.55 crore shares), RPL (2.01 crore shares), Orchid Chemicals (1.13 crore shares) and GVK (1.09 crore shares).
| | | | | | | | European Indices at 16:33 IST on 18-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5512.10 | 97.70 | 1.80 | | CAC 40 Index | 4514.89 | 83.85 | 1.89 | | DAX Index | 6298.51 | 116.21 | 1.88 | | | | | | | | | | | Asian Indices at close on 18-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 11964.16 | 176.65 | 1.50 | | Hang Seng Index | 21384.61 | 300.00 | 1.42 | | Kospi Index | 1588.75 | 14.31 | 0.91 | | Straits Times Index | 2833.58 | 40.83 | 1.46 | | Jakarta Composite Index | 2339.79 | 27.48 | 1.19 | | | | | | | | 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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