| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,018.68 | 4,469.65 | | High | 15,225.81 | 4,541.05 | | Low | 15,009.48 | 4,468.05 | | Today's Cls | 15,185.32 | 4,523.60 | | Prev Cls | 14,889.25 | 4,449.80 | | Change | 296.07 | 73.80 | | % Change | 1.99 | 1.66 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Bombay Dyeing | 723.05 | 9.06 | | Deccan Chronicle | 108.80 | 7.62 | | Adani Enterprises | 719.90 | 7.57 | | Deccan Aviation | 104.30 | 7.36 | | BHEL | 1,481.45 | 7.19 | | Losers | | Jai Corp | 459.65 | -4.99 | | BPCL | 273.20 | -4.02 | | Max India | 153.10 | -3.10 | | Shriram Transport | 300.15 | -2.96 | | JSW Steel | 1,076.40 | -2.81 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,830 | 897 | | Declines | 809 | 317 | | Unchanged | 77 | 24 | | Volume(Nos) | 26.98cr | 49.05cr | | | | | | Market Commentary | | | Sensex rebounds with 296-point gains | | Across-the-board rally saw the market bounce back sharply from its three straight session losses and gain 296 points at close. | | After crashing by more than 850 points in the last three sessions, the market witnessed a strong relief rally led by across-the-board buying support since early trades. | 
| | | The bounce back from the recent sell-off was mainly in line with recovery in major Asian indices, which were up by 1% each. Strong optimism in key indices triggered a steep rally in several sectoral indices, the BSE Realty index, and the BSE Bankex index. The Sensex opened on a strong note at 15,018, 130 points above its last close of 14,889 and remained upbeat all through the session on sustained buying support. The rally gathered steam towards the close and the Sensex touched an intra-day high of 15,226 before signing off the session at 15,185, up 296 points or1.99%. Nifty too bounced back sharply and advanced 74 points to close at 4,524. | | | Movers & Shakers | - PSL moved up sharply on reports that the company has received prestigious contracts from Gail (India).
- 3i Infotech moved up after the company acquired a majority stake of 51% in M/s Fineng Solutions Pvt Ltd.
- Shipping Corporation of India logged significant gains on announcing a final dividend of 40% (Rs4 per share having face value of Rs10 each) to its shareholders.
| | | |
The breadth of the market was positive after several downward sessions. Of the 2,716 stocks traded on the BSE 1,830 stocks advanced, 809 stocks declined and 77 stocks ended unchanged. All the sectoral indices managed to end with significant gains. The BSE Realty index was the major gainer and soared 3.07% followed by the BSE CG index (up 2.44%), the BSE Bankex index (up 2.27%), the BSE PSU index (up 1.77%), the BSE Power index (up 1.76%), the BSE IT index (up 1.72%), the BSE Teck index (up 1.50%) and the BSE Oil & Gas index (up 1.46%).
All the 30 Sensex stocks ended in green. Attracting strong buying support, BHEL flared up 7.19% at Rs1,481.45, Ambuja Cement shot up by 7.17% at Rs88.20, DLF jumped by 6.53% at Rs511.20, HDFC Bank advanced 4.74% at Rs1,184.55, HDFC scaled up 4.10% at Rs2,187, Bharti Airtel zoomed 3.78% at Rs806.90, Cipla added 3.41% at Rs218.25, JP Associates vaulted 3.39% at Rs183.15 and ACC firmed up by 3.09% at Rs635.45. Other front-line stocks also moved up by over 1-2% each.
Reality stocks witnessed sustained buying support. Omaxe flared up 6.97% at Rs179.65, Akruti City jumped 6.93% at Rs852.55, Peninsula Land added 6.60% at Rs68.65, DLF scaled up 6.53% at Rs511.20 and Puravankara gained 6.28% at Rs215. HDFC, Unitech, Parsvnath, Phoenix Mill and Sobha Developers shot up by over 2-4% each. Capital goods stocks too after taking a heavy pounding in the past sessions, registered a smart bounce back. Jyoti Structure zoomed 5.87% at Rs112.75, Crompton Greaves soared 5.69% at Rs251.55, Punj LLoyd scaled up 3.44% at Rs254.35 and BEML surged by 2.88% at Rs1,019. Lakshmi Machine Works, L&T, Praj Industries, Havells India, Thermax and Kalpataru Power rose 0.50-2% each.
Over 2.67 crore IFCI shares changed hands on the BSE followed by Ranbaxy Laboratories (1.19 crore shares), Karuturi (1.08 crore shares), Ispat Industries (0.83 crore shares) and Anu’s Laboratories (0.81 crore shares).
Ranbaxy Laboratories was the most actively traded counter on the BSE and registered a turnover of Rs684 crore followed by Reliance Industries (Rs322 crore), Anu’s Laboratories (Rs25 crore), Reliance Capital (Rs186 crore) and IFCI (Rs164 crore).
| | | | | | | | European Indices at 16:09 IST on 11-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5840.80 | 13.50 | 0.23 | | CAC 40 Index | 4764.47 | 3.39 | 0.07 | | DAX Index | 6774.03 | 2.93 | 0.04 | | | | | | | | | | | Asian Indices at close on 11-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14183.48 | 162.31 | 1.16 | | Hang Seng Index | 23327.60 | -47.92 | -0.21 | | Kospi Index | 1781.67 | 7.29 | 0.41 | | Straits Times Index | 3046.77 | 13.72 | 0.45 | | Jakarta Composite Index | 2374.79 | 1.00 | 0.04 | | | | | | | | 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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