| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,212.61 | 5,135.80 | | High | 17,212.61 | 5,143.05 | | Low | 17,038.03 | 5,062.45 | | Today's Cls | 17,080.65 | 5,081.70 | | Prev Cls | 17,339.31 | 5,135.50 | | Change | -258.66 | -53.80 | | % Change | -1.49 | -1.05 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Moser Baer | 191.30 | 8.08 | | United Phosphorus | 349.35 | 5.19 | | Aban Offshore | 3,811.10 | 5.03 | | Great Offshore | 708.65 | 5.03 | | IFCI | 60.85 | 3.57 | | Losers | | Kotak Bank | 782.40 | -6.41 | | Sintex | 435.00 | -6.00 | | Indiabulls Financial | 491.00 | -5.98 | | BOB | 300.05 | -5.51 | | ITC | 215.05 | -5.24 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,102 | 406 | | Declines | 1,593 | 792 | | Unchanged | 51 | 28 | | Volume(Nos) | 36.56cr | 49.49cr | | | | | | Market Commentary | | | Market slips on weak global indices | | Bearish global market trend triggered widespread selling in domestic indices, with the Sensex sliding sharply to close at 17,081. | | Weak international market trend weighed on domestic indices. The Sensex dropped 259 points during intra-day trades and nearly slipped below 17,081 on relentless | | | | selling pressure. Even as oil prices in the global markets preceded from their recent highs, investors across the globe tracked concerns of inflationary pressures in the US and hence dumped their respective indices. After resuming 126 points lower at 17,213, the Sensex languished in negative in the first half and plunged deep in red in noon trades to touch the day's low of 17,038 on selling in Bankex, IT and FMCG select heavyweights. The Sensex finally ended the session with losses of 259 points at 17,081, while the Nifty tumbled 54 points to close at 5,082. | | | Movers & Shakers | - Indiabulls Real Estate moved up on reports that the company has acquired 100% ordinary shares of Dev Property Development Plc.
| | | |
The market breadth was weak. Of the 2,746 stocks traded on the BSE, 1,593 stocks declined, 1,102 stocks advanced and 51 stocks ended unchanged. Other than BSE Metal index, rest of the sectoral indices lost ground. BSE Bankex index dropped 2.90% at 8,755, BSE IT index shed 2.69% at 4,294 and BSE FMCG index was down 2.60% at 2,445.
Bankex stocks came under sharp hammering. KMFL shed 6.41% at Rs782.40, BoB fell 5.51% at Rs300.05, Axis Bank declined 4.83% at Rs863.35 and Bank of India was down nearly 4.38% at Rs324. Among the other Sensex losers, ITC dipped 5.24% at Rs215.05, Satyam Computer Services slipped 3.72% at Rs471.10, Infosys dropped 3.44% at Rs1,779.80, L&T slumped 3.36% at Rs2,886 and ICICI Bank shed 3% at Rs891.30. Tata Steel, however, rose 2.51% at Rs845.65, Bharti Airtel advanced 1.45% at Rs827.60 and ACC moved up 0.82% at Rs743.25.
IT stocks witnessed selling pressure. Mphasis declined 3.96% at Rs219.65, TCS lost 2.33% at Rs943.70, Tech Mahindra shed 2.11% at Rs932.15 and I-Flex slipped by 2.10% at Rs1,316.55.
Over 7.71 crore Aishwarya Tele shares changed hands on the BSE followed by IFCI (1.42 crore shares), Ispat Industries (1.14 crore shares), Kasyap (87.10 lakh shares) and RNRL (83.40 lakh shares).
| | | | | | | | European Indices at 16:40 IST on 08-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6256.50 | -4.50 | -0.07 | | CAC 40 Index | 5055.71 | -19.60 | -0.39 | | DAX Index | 7055.02 | -21.23 | -0.30 | | | | | | | | | | | Asian Indices at close on 08-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14102.48 | 53.22 | 0.38 | | Hang Seng Index | 25610.21 | -651.92 | -2.48 | | Kospi Index | 1848.00 | -6.01 | -0.32 | | Straits Times Index | 3344.53 | - | - | | Jakarta Composite Index | 2376.93 | -5.77 | -0.24 | | | | | | | | 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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