| | | | Index Performance | | Index | Sensex | Nifty | | Open | 13,480.02 | 4,039.75 | | High | 13,613.82 | 4,075.40 | | Low | 12,904.09 | 3,878.20 | | Today's Cls | 12,961.68 | 3,896.75 | | Prev Cls | 13,461.60 | 4,040.55 | | Change | -499.92 | -143.80 | | % Change | -3.71 | -3.56 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Gammon India | 228.25 | 5.50 | | HCL Tech | 257.95 | 2.89 | | United Phosphorus | 287.70 | 2.69 | | India Infoline | 514.05 | 2.40 | | Tata Comm | 380.00 | 1.82 | | Losers | | Shree Precoated | 91.55 | -16.35 | | Chambal Fertilisers | 57.70 | -14.26 | | Rajesh Exports | 50.15 | -14.13 | | Adlabs Films | 378.75 | -13.93 | | JSW Steel | 775.65 | -13.92 | | | Market Statistics | | - | BSE | NSE | | Advances | 406 | 114 | | Declines | 2,272 | 1,095 | | Unchanged | 46 | 19 | | Volume(Nos) | 27.76cr | 56.04cr | | | | | | 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 third consecutive session, as selling pressure since early trades saw the index remain weak all through the trading session. | 
| | | Though the Sensex resumed 18 points above its previous close at 13,480 and moved up to touch an early high of 13,614, the market soon snapped gains owing to the emergence of the selling pressure. As correction continued unabated, the index tumbled below the mark to touch the intra-day low of 12,904 by the end of the trade. While the market languished in negative territory through the noon trades, the Sensex signed off the session with losses of 500 points at 12,962. Nifty also ended in the red at 3,897, down 144 points. | | | Movers & Shakers | - Jetking Infotrain edged lower inspite of the report that the company's board has approved issue of bonus shares in the ratio of one new fully paid up equity share of Rs10 each for every two equity shares of Rs10 each.
- Hindustan Construction declined in spite of the report that the company has bagged Rs340 crore built-operate-transfers (BOT) project from the National Highway Authority of India (NHAI) to construct Badrapur elevated six-lane highway.
| | | |
The market breadth was quite weak. Of the 2,724 stocks traded on the BSE, 2,272 stocks declined, while only 406 stocks advanced. 46 stocks ended unchanged. All the sectoral indices ended at lower levels. The BSE Realty index fell 7.21%, the BSE Bankex index dipped 5.62%, the BSE Metal index shed 5.40% and the BSE Auto index was down 4.90%.
Among the draggers, Reliance Infrastructure dropped 11.93% at Rs688, Mahindra & Mahindra shed 10.53% at Rs430, Reliance Communications tumbled 10.26% at Rs392, SBI declined 8.90% at Rs1,007, DLF was down 8.88% at Rs361 and Maruti Suzuki India declined 8.52% at Rs560. ICICI Bank at Rs580.05, Hindalco Industries at Rs132.50, Jaiprakash Associates at Rs131.15, HDFC at Rs1,800, Wipro at Rs413 and Tata Steel at Rs690.25 were down around 5-7% each. NTPC however managed to register decent gains.
Realty stocks came under sharp hammering. HDIL slumped 12.70% at Rs337.95, Phoenix Mill lost 12.40% at Rs136, Ansal Infrastructure declined 10.70% at Rs61.75 and Anant Raj was down 9.09% at Rs124.50. Omaxe, Indiabulls Real Estate, DLF, Sobha Developers, Unitech and Parsvnath dipped 5-8% each.
Over 2.46 crore Sejal Glass shares changed hands on the BSE followed by Reliance Natural Resources (1.61 crore shares), Reliance Petroleum (1.41 crore shares), Ispat Industries (1.07 crore shares) and ICY (1.05 crore shares).
| | | | | | | | European Indices at 15:57 IST on 01-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5500.00 | -125.90 | -2.24 | | CAC 40 Index | 4332.97 | -101.88 | -2.30 | | DAX Index | 6303.19 | -115.13 | -1.79 | | | | | | | | | | | Asian Indices at close on 01-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13463.20 | -18.18 | -0.13 | | Hang Seng Index | 22102.01 | 59.66 | 0.27 | | Kospi Index | 1666.46 | -8.46 | -0.51 | | Straits Times Index | 2906.79 | -40.75 | -1.38 | | Jakarta Composite Index | 2378.81 | 29.70 | 1.26 | | | | | | | | 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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