| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,023.30 | 4,741.40 | | High | 16,236.70 | 4,916.75 | | Low | 15,719.47 | 4,741.40 | | Today's Cls | 15,750.40 | 4,754.20 | | Prev Cls | 15,626.62 | 4,739.55 | | Change | 123.78 | 14.65 | | % Change | 0.79 | 0.31 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Akruti City | 932.45 | 19.60 | | Spice Tele | 33.90 | 10.24 | | Indiabulls Financial | 452.45 | 9.70 | | Essar Shipping | 169.95 | 9.26 | | Bank of India | 281.65 | 6.60 | | Losers | | Ansal Infra | 152.95 | -5.26 | | REL | 1,230.25 | -4.51 | | LIC Housing Finance | 280.15 | -4.43 | | JSW Steel | 789.35 | -4.40 | | SAIL | 167.70 | -3.90 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,764 | 703 | | Declines | 909 | 492 | | Unchanged | 48 | 25 | | Volume(Nos) | 25.20cr | 38.19cr | | | | | | Market Commentary | | | Profit taking trims Sensex gains | | The Sensex came off its early highs on selective profit taking and ended with steady gains at 15,750. | | Even as major Asian indices like Nikkei, Hang Seng, Straits Times and Kospi managed to clock 2-4% gains, the Sensex failed to hold on to its early rally and closed | | | | way off its highs amid profit taking towards the closing hours. Riding on the back of yesterday's buoyant close and optimism in several international markets, the Sensex resumed 397 points higher at 16,023 and advanced sharply on sustained buying support to move above 16,200 and touch an intra-day high of 16,237. After remaining above 16,000 for the entire first half, the Sensex came under the grip of profit taking and slipped below 15,750 to touch the day's low of 15,719, 92 points above the last close of 15,627. The index finally ended the session with gains of 124 points at 15,750, while the Nifty gained 15 points to close at 4,754. | | | Movers & Shakers | - Garware Offshore Services advanced on the report that the company has sold one of its vessel MV Garware-II built in 1983.
- Steel Strips Wheels rose on receiving Rs110.00 crore export order from Renault, France.
- IVRCL Infrastructures & Projects inched up on securing orders of Rs484 crore.
- Sterlite Industries slipped despite the report that the CRISIL has upgraded long-term ratings of Sterlite Industries.
- Infosys logged gains on receiving Boeing performance excellence award.
- i-flex Solutions was marginally up on the report that its flagship product FLEXCUBE® core banking solution has been successfully implemented by Central American Bank.
| | | |
Among the front liners, HDFC soared 4.68% at Rs2,470, Infosys rose 4.26% at Rs1,482, ICICI Bank added 3.65% at Rs784, Jaiprakash Associates jumped 3.08% at Rs232.20, Satyam Computers advanced 2.48% at Rs407.25, Mahindra & Mahindra gained 2.45% at Rs666.25 and Bharti Airtel soared 2.41% at Rs824.05. However, Reliance Energy dropped 4.51% at Rs1,230 while Tata Steel declined 3.21% at Rs645.95 and BHEL lost 2.08% at Rs1,852.
The breadth of the market was positive. Of the 2,721 stocks traded on the Bombay Stock Exchange (BSE), 1,764 stocks advanced, 909 stocks declined and 48 stocks ended unchanged. On the sectoral front, 7 out of 13 sectoral indices ended in positive territory. The BSE IT was the lead performer and rose 2.93% at 3,644.35, while the BSE Bankex and Teck index gained 2% each.
IT stocks continued to witness strong buying support. Moser Bear shot up by 4.42% at Rs159.45, Infosys scaled up 4.26% at Rs1,481.95, Rolta India added 4.03% at Rs266, Satyam gained 2.48% at Rs407.25 and Financial Technology scaled up 2.34% at Rs1,640. TCS, I-Flex and HCL Technology ended in positive territory.
Over 1.49 crore IB Securities shares changed hands on the BSE followed by RPL (1.22 crore shares), Kashyap (1.10 crore shares), RNRL (1.02 crore shares) and Essar Oil (0.95 crore shares).
| | | | | | | | European Indices at 16:30 IST on 02-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5849.40 | -3.20 | -0.05 | | CAC 40 Index | 4888.00 | 22.00 | 0.45 | | DAX Index | 6748.27 | 27.94 | 0.42 | | | | | | | | | | | Asian Indices at close on 02-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13189.36 | 532.94 | 4.21 | | Hang Seng Index | 23872.43 | 734.97 | 3.18 | | Kospi Index | 1742.19 | 39.94 | 2.35 | | Straits Times Index | 3124.61 | 78.07 | 2.56 | | Jakarta Composite Index | 2342.19 | -51.06 | -2.13 | | | | | | | | 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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