| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,065.61 | 5,105.70 | | High | 17,293.34 | 5,135.55 | | Low | 17,041.63 | 5,048.70 | | Today's Cls | 17,243.16 | 5,117.65 | | Prev Cls | 17,230.18 | 5,104.95 | | Change | 12.98 | 12.70 | | % Change | 0.08 | 0.25 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Praj Industries | 217.80 | 11.26 | | HMT | 84.15 | 10.00 | | Chambal Fertilisers | 82.45 | 6.46 | | Gujarat NRE Coke | 159.00 | 6.28 | | GTL Infra | 54.45 | 6.04 | | Losers | | Tech Mahindra | 868.60 | -4.17 | | Phoenix Mills | 363.25 | -3.93 | | Glenmark Pharma | 625.60 | -3.87 | | HDIL | 811.75 | -3.64 | | HDFC Bank | 1,413.90 | -3.46 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,710 | 755 | | Declines | 1,009 | 449 | | Unchanged | 76 | 24 | | Volume(Nos) | 42.45cr | 65.26cr | | | | | | Market Commentary | | | Volatile market ends buoyant | | Led by buying in oil & gas and metal stocks, the Sensex recovered smartly in the afternoon and ended firm at 17242. | | The market wiped out losses of over 150 points incurred in the first half, after a strong bout of buying in Tisco, Mahindra & Mahindra and Reliance Industries triggered | | | | wide-spread buying in the market. It was a highly volatile trading session, with the Sensex opening 164 points lower at 17066 following weakness in Asian indices and crashing to the day's low of 17042 on relentless selling. The market was on a recovery path thereafter--the Sensex witnessed a sharp turnaround in the afternoon as gains in heavyweights, oil & gas, metal and public sector stocks propelled the index to an intra-day high of 17293. After gyrating 250 points during intra-day trades, the Sensex closed up 13 points at 17243. The Nifty also ended 13 points higher at 5118. | | | Movers & Shakers | - GMR Infrastructure gained ground on reports that the company has reported a 202% surge in its Q4 net profit.
- Ranklin Solutions, which has decided to acquire 51% of the shareholding in Logic Bytes Pvt Ltd, recorded gains.
| | | |
The market breadth ended in positive. Of the 2,795 stocks traded on the BSE 1,710 stocks advanced, 1,009 stocks declined and 76 stocks ended unchanged. Among the sectoral indices, the BSE Oil & Gas index led the pack and gained 2.36% at 11,433 followed by the BSE Metal index (up 1.24% at 17,390) and the BSE PSU index (up 0.98% at 7,727). The CG index, auto index and realty index ended with steady gains. The rest of the sectoral indices ended in negative territory.
Tata Steel was the star performer amongst the heavyweights and the stock soared 3.09% at Rs922.25. Among the other major gainers, Mahindra & Mahindra advanced 2.66% at Rs670, Reliance Industries jumped 2.53% at Rs2,667.90, BHEL rose 2.03% at Rs1,771.70, Grasim moved up by 1.57% at Rs2,323.10, Tata Motors advanced 1.55% at Rs688.85 and TCS added 1.18% at Rs963.95. However, HDFC Bank, HDFC and HUL inched lower.
Oil stocks were in demand and scaled higher. RNRL soared 5.04% at Rs113.60, Aban Offshore flared up 4.95% at Rs4,050, Essar Oil added 4.75% at Rs261.20, RPL gained 3.99% at Rs192.90 and BPCL was up 1.99% at Rs356.05. In the metal pack, Gujarat NRE zoomed 6.28% at Rs159, NATCO shot up by 4.62% at Rs538, Hindustan Zinc rose 3.07% at Rs752 and Ispat gained 2.40% at Rs34.10.
Over 2.15 crore IFCI shares changed hands on the BSE followed by RNRL (1.49 crore shares), Ispat (1.40 crore shares), Aishwarya (1.39 crore shares), Chambal Fertilizers (1.24 crore shares) and RPL (1.04 crore shares)
| | | | | | | | European Indices at 16:20 IST on 21-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6210.00 | 18.40 | 0.30 | | CAC 40 Index | 5032.38 | -22.50 | -0.45 | | DAX Index | 7086.86 | -31.64 | -0.44 | | | | | | | | | | | Asian Indices at close on 21-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13926.30 | -233.79 | -1.65 | | Hang Seng Index | 25460.29 | 290.83 | 1.16 | | Kospi Index | 1847.51 | -25.64 | -1.37 | | Straits Times Index | 3196.90 | -2.98 | -0.09 | | Jakarta Composite Index | 2494.71 | -16.25 | -0.65 | | | | | | | | 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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