| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,313.33 | 4,271.05 | | High | 14,432.90 | 4,305.90 | | Low | 13,991.31 | 4,156.10 | | Today's Cls | 14,106.58 | 4,191.10 | | Prev Cls | 14,293.32 | 4,266.40 | | Change | -186.74 | -75.30 | | % Change | -1.31 | -1.76 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Suzlon Energy | 239.30 | 4.96 | | United Phosphorus | 301.95 | 4.79 | | Yes Bank | 135.00 | 4.65 | | ABG Shipyard | 374.20 | 3.86 | | Sintex Industries | 368.65 | 3.39 | | Losers | | Adani Enterprises | 658.15 | -9.68 | | Educomp Solutions | 2988.90 | -9.66 | | Spice Tele | 54.35 | -9.57 | | NALCO | 370.60 | -8.56 | | Welspun Gujarat | 308.10 | -8.06 | | | Market Statistics | | - | BSE | NSE | | Advances | 718 | 288 | | Declines | 1,925 | 908 | | Unchanged | 64 | 27 | | Volume(Nos) | 26.23cr | 47.18cr | | | | | | 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 all through the trading session. | 
| | | Although the Sensex resumed 20 points above its previous close at 14,313 and moved up to touch an early high of 14,433, the market soon snapped gains owing to the emergence of selling pressure. As correction continued unabated, the index tumbled below the mark to touch the intra-day low of 13,991 by end of the trade. While the market languished in negative territory through the noon trades, the Sensex signed off the session with losses of 187 points at 14,107. The Nifty also ended in the red at 4,191, down 75 points.
The market breadth was weak. Of the 2,707 stocks traded on the BSE, 1,925 stocks declined, 718 stocks advanced and 64 stocks ended unchanged. All the sectoral indices ended at lower levels. The BSE Metal index fell 3.52%, the BSE PSU index dipped 2.80%, the BSE FMCG index shed 2.54% and the BSE IT index was down 2.17%.
Among the draggers, Hindustan Unilever dropped 5.32% at Rs208, Tata Steel shed 4.60% at Rs690, NTPC tumbled 3.92% at Rs153.50, ONGC declined 3.61% at Rs840 and Larsen & Toubro was down 3.58% at Rs2,290.10. Ambuja Cement at Rs80.15, HDFC Bank at Rs1,046, Grasim Industries at Rs2,060, Infosys at Rs1,765.10 were down around 3% each.
Select index heavyweights managed to register decent gains. HDFC rose 2.32% at Rs2,266.20, Ranbaxy Laboratories gained 2.31% at Rs525.30, Reliance Industries scaled up 2.18% at Rs2,066.20, BHEL added 2.17% at Rs1,391, Jaiprakash Associates jumped by 1.24% at Rs155.25 and SBI advanced 0.57% at Rs1,211.95.
Metal stocks came under sharp hammering. Nalco slumped 8.56% at Rs370.60, Welspun Gujarat lost 8.06% at Rs308.10, Ispat Industries declined 5.80% at Rs24.35 and Sterlite Industries was down 5.24% at Rs699.15. Shree Precoated, Tata Steel, Jindal Steel, Gujarat NRE, Hindalco and Sesa Goa Exports dipped 2-4% each.
Over 1.39 crore Reliance Natural Resources shares changed hands on the BSE followed by IFCI (1.32 crore shares), Reliance Petroleum (1.03 crore shares), Chambal Fertilisers (0.99 crore shares) and Ispat Industries (0.84 crore shares). | | | | | | | | European Indices at 16:20 IST on 24-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5615.40 | -51.80 | -0.91 | | CAC 40 Index | 4459.00 | -52.37 | -1.16 | | DAX Index | 6489.11 | -100.35 | -1.52 | | | | | | | | | | | Asian Indices at close on 24-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13849.56 | -7.91 | -0.06 | | Hang Seng Index | 22456.02 | -258.94 | -1.14 | | Kospi Index | 1710.84 | -4.75 | -0.28 | | Straits Times Index | 2962.16 | -16.99 | -0.57 | | Jakarta Composite Index | 2365.38 | 2.63 | 0.11 | | | | | | | | 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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