| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,958.80 | 5,026.55 | | High | 17,054.34 | 5,059.05 | | Low | 16,626.11 | 4,940.70 | | Today's Cls | 16,649.64 | 4,946.55 | | Prev Cls | 16,907.11 | 5,025.45 | | Change | -257.47 | -78.90 | | % Change | -1.52 | -1.57 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | TV18 | 328.45 | 4.30 | | BPCL | 359.20 | 3.76 | | HPCL | 242.65 | 3.54 | | Indian Oil Corporation | 420.05 | 3.18 | | Nicholas Piramal | 356.65 | 3.02 | | Losers | | Hindustan Zinc | 676.95 | -5.66 | | Deccan Aviation | 127.70 | -5.62 | | Lanco Infra | 513.90 | -5.36 | | GVK Power | 51.70 | -5.31 | | Sterlite Industries | 903.20 | -4.36 | | | Market Statistics | | - | BSE | NSE | | Advances | 795 | 266 | | Declines | 1,924 | 929 | | Unchanged | 71 | 15 | | Volume(Nos) | 35.13cr | 54.81cr | | | | | | Market Commentary | | | Market takes a beating | | Selling in heavyweights, realty, FMCG and oil & gas shares saw the Sensex decline sharply and end at 16,650. | | The market witnessed a full-fledged correction, as weak Asian markets and flat US and European indices in yesterday's close dampened the sentiment. | | | | After easing sharply in the last few sessions of the week, profit taking was round the corner, as the Sensex had rallied sharply last week. Although the Sensex resumed on a positive note at 16,959, the market soon lost ground and slipped below 16,800 in early trades. The market steadily kept losing momentum as trading progressed and lost significantly in afternoon trades as selling in heavyweights, realty, FMCG, oil & gas and metal stocks dragged the index to the day's low of 1,626. The Sensex finally ended the session with losses of 257 points at 16,650, while the Nifty shed 79 points to close at 4,947. | | | Movers & Shakers | - Mercator Lines failed to rise inspite of acquiring a vessel.
- Era Infra Engineering lost despite receiving two orders worth Rs83.50 crore.
- Inspite of the increase in the net profit in Q4FY2008 and FY2008 results, Federal Bank inched lower.
| | | |
The market breadth was extremely weak. Of the 2,790 stocks traded on the BSE 1,924 stocks declined, 795 stocks advanced and 71 stocks ended unchanged. All the sectoral indices ended in red except BSE HC index. BSE Realty index was the major loser and shed 2.38% at 7,510 followed by BSE FMCG index (down 2.15% at 2,387), BSE Oil & Gas index (down 2.15% at 10,975) and BSE Metal index (down 2.08% at 16,796).
Among the major losers ITC shed 4.24% at Rs213.60, Tata Motors declined 3.57% at Rs638, Jaiprakash Associates fell by 3.43% at Rs237.65, Larsen & Toubro slipped by 2.47% at Rs2,844.75, Reliance Energy dipped 2.42% at Rs1,291, ONGC lost 2.41% at Rs902.05 and Tata Consultancy Services slumped 2.40% at Rs933.70. While Hindalco, Reliance Communications, SBI, Ambuja Cement, ICICI Bank, ACC, Infosys, DLF, Maruti, Wipro, Satyam Computer and Tata Steel lost above 1-2% each. Bharti Airtel, however, gained 2.35% at Rs836.80 while HDFC, HUL, HDFC Bank and Cipla ended with steady gains.
Over 3.56 crore Ispat Industries shares changed hands on the BSE followed by IFCI (1.67 crore shares), Aishwarya Telecom (1.11 crore shares), Idea Cellular (0.92 crore shares) and Reliance Natural Resources (0.81 crore shares).
| | | | | | | | European Indices at 16:05 IST on 23-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6156.20 | -25.40 | -0.41 | | CAC 40 Index | 4986.70 | -42.04 | -0.84 | | DAX Index | 7045.30 | -25.03 | -0.35 | | | | | | | | | | | Asian Indices at close on 23-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14012.20 | 33.74 | 0.24 | | Hang Seng Index | 24714.07 | -329.05 | -1.31 | | Kospi Index | 1827.94 | -7.48 | -0.41 | | Straits Times Index | 3122.15 | -38.71 | -1.22 | | Jakarta Composite Index | 2465.96 | -38.00 | -1.52 | | | | | | | | 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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