| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,020.79 | 5,070.85 | | High | 17,125.95 | 5,087.65 | | Low | 16,678.94 | 4,969.40 | | Today's Cls | 16,737.07 | 4,982.60 | | Prev Cls | 17,080.65 | 5,081.70 | | Change | -343.58 | -99.10 | | % Change | -2.01 | -1.95 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Max India | 155.70 | 4.50 | | United Breweries | 725.05 | 3.56 | | Nestle | 1,812.30 | 3.32 | | Container Corporation | 902.20 | 2.52 | | Sintex | 444.85 | 2.26 | | Losers | | Essar Oil | 257.15 | -9.45 | | Spice Tele | 40.40 | -8.60 | | Lanco Infra | 463.70 | -8.39 | | RPL | 181.05 | -8.03 | | Bombay Dyeing | 906.35 | -7.83 | | | Market Statistics | | - | BSE | NSE | | Advances | 704 | 208 | | Declines | 2,019 | 977 | | Unchanged | 61 | 25 | | Volume(Nos) | 40.42cr | 57.60cr | | | | | | Market Commentary | | | Free fall continues | | Selling pressure in most of the frontline counters saw the index dip for the fifth straight session. | | Nervousness gripped the market for the fifth consecutive session, as selling pressure since early trades saw the index remain weak throughout the trading | | | | session. Though the Sensex resumed at 17,021, 60 points below its previous close and moved up to touch an early high of 17,126 on selective buying, the market soon snapped gains due to selling pressure. As correction continued unabated, the index tumbled below the 16,700 mark to touch an intra-day low of 16,679 by end of day. While the market languished in negative territory all through the noon trades, the Sensex signed off the session with losses of 344 points at 16,737. The Nifty also ended in red at 4,983, down 99 points. | | | Movers & Shakers | - ABG Shipyard flared up on launching its first jewelry retail outlet named "Shagun Jewels" at Hyderabad.
- FDC moved up on report that the company has received approval for its Abbreviated New Drug Application (ANDA), Timolol Maleate Ophthalmic Solution from the US Food and Drug Administration (FDA).
| | | |
The market breadth was weak. Of the 2,784 stocks traded on the BSE, 2,019 stocks declined, 704 stocks advanced and 61 stocks ended unchanged. Barring the BSE FMCG index, all the sectoral indices ended lower. The BSE Oil & Gas index fell 4.71%, the BSE Realty index dipped 2.95%, the BSE Bankex index shed 2.78% and the BSE PSU index was down 2.03%.
Among the draggers, Jaiprakash Associates dropped 6.60% at Rs251.30, Reliance Industries Ltd (RIL) shed 5.19% at Rs2,527.65, Reliance Energy tumbled 4.45% at Rs1,332.05, ACC declined 4.20% at Rs712 and HDFC Bank was down 3.74% at Rs1,451.95. State Bank of India at Rs1,675.70, Cipla at Rs205.60, HDFC at Rs2,644.70, Tata Consultancy Services at Rs917.45 were down around 2.79% each.
Select index heavyweights managed to register decent gains. Bharti Airtel rose 1.76% at Rs842.20, ITC gained 1.51% at Rs218.30, Wipro scaled up 0.81% at Rs501.20, Satyam Computer Services added 0.49% at Rs473.40, Grasim Industries jumped by 0.35% at Rs2,340 and ONGC advanced 0.04% at Rs1,028.80.
Oil & Gas stocks came under sharp hammering. Essar Oil slumped 9.45% at Rs251.15, Reliance Petroleum Ltd (RPL) lost 8.03% at Rs181.05, Reliance Natural Resources Ltd (RNRL) declined 5.86% at Rs106.80 and RIL was down 5.19% at Rs2,527.65. Aban Offshore, Gail India, BPCL, Cairn India, Indiana Oil Corporation (IOC) and Hindustan Petrochemical Ltd (HPCL) dipped 1.50-4% each.
Select fast moving consumer goods (FMCG) stocks attracted buying support. Nestle rose 3.32% at Rs1,812.30, ITC moved up 1.51% at Rs218.30, Marico flared up 0.84% at Rs66.10 and Godrej gained 0.81% at Rs137.20. While REI Agro added 0.58% at Rs1,600, Britania was up 0.37% at Rs1,370.
Over 5.37 crore Aishwarya shares changed hands on the BSE followed by IFCI (2.81 crore shares), Ispat Industries (1.56 crore shares), RPL (1.55 crore shares) and RNRL (1.21 crore shares).
Aiswarya clocked huge turnover of over 502 crore followed by RPL (Rs291 crore), Reliance Capital (Rs283 crore), RIL (Rs268 crore) and IFCI (Rs173 crore).
| | | | | | | | European Indices at 16:10 IST on 09-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6184.70 | -86.10 | -1.37 | | CAC 40 Index | 4939.05 | -116.53 | -2.30 | | DAX Index | 6981.35 | -90.55 | -1.28 | | | | | | | | | | | Asian Indices at close on 09-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13655.34 | -287.92 | -2.06 | | Hang Seng Index | 25063.17 | -386.62 | -1.52 | | Kospi Index | 1823.70 | -24.30 | -1.31 | | Straits Times Index | 3344.53 | - | - | | Jakarta Composite Index | 2375.03 | -1.90 | -0.08 | | | | | | | | 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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