| | | | Index Performance | | Index | Sensex | Nifty | | Open | 13,530.68 | 4,094.60 | | High | 13,530.68 | 4,097.35 | | Low | 12,934.92 | 3,874.85 | | Today's Cls | 13,094.11 | 3,925.75 | | Prev Cls | 13,664.62 | 4,093.35 | | Change | -570.51 | -167.60 | | % Change | -4.18 | -4.09 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Union Bank | 112.45 | 6.19 | | Indian Oil Corporation | 340.70 | 5.43 | | Triveni Engineering | 78.60 | 4.59 | | i-flex | 1,418.30 | 4.21 | | Indian Hotels | 84.05 | 4.09 | | Losers | | Gujarat NRE Coke | 107.95 | -13.47 | | United Breweries | 234.80 | -12.91 | | Tata Steel | 657.45 | -11.30 | | Kotak Bank | 429.20 | -11.02 | | Adlabs Films | 355.95 | -10.67 | | | Market Statistics | | - | BSE | NSE | | Advances | 750 | 261 | | Declines | 1,876 | 938 | | Unchanged | 59 | 18 | | Volume(Nos) | 35.77cr | 63.14cr | | | | | | Market Commentary | | | Market sinks on bear hammering | | The Sensex plummets 571 points on across-the-board selling pressure. | | The market went into a complete tailspin, as the correction shaved nearly 571 points off the Sensex during the intra-day trades. | 
| | | Negative global cues like weak asian markets and hike in crude oil prices also contributed to the fall. After resuming on a weak note at 13,531, the market continued to remain negative and remained under the bear hug for the rest of the session. The Sensex nearly slipped below 13,000 towards the close as a wave of selling in heavyweights, realty, metal, power and banking stocks saw it slump to an intra-day low of 12,935. The Sensex finally ended 4.18% or 571 points lower at 13,094, while Nifty crashed 168 points to close at 3,926. Among the Asian indices, Nikkei tanked 0.16% (down 21 points) at 13,265, Hang Seng dropped 2.13% (down 462 points) at 21,243 and Kospi was down 1.05% (down 17 points) at 1,607. | | | Movers & Shakers | - GEI Industrial Systems declined, despite receiving Rs50-crore order from oil & gas sector.
- Gujarat NRE Coke ended lower, in spite of the announcement that the company will consider Q1 results, bonus issue and rights issue on July 18, 2008.
- Dolphin Offshore Enterprises ended lower, despite receiving a contract for providing diving services in Malaysia/South East Asia on DI/DSV by M/s Offshore Subsea Works BDN BHD, Malaysia for a period of two months with effect from July 04, 2008.
| | | |
The market breadth was extremely negative, Of the 2,685 stocks traded on the BSE, 1,876 stocks declined, 750 stocks advanced and 59 stocks ended unchanged. All the sectoral indices took sharp beatings. The BSE Realty index bore the major brunt and crashed 9.21% at 4,295, while the BSE Metal index, the BSE Power index, the BSE Bankex index, the BSE Teck index and the BSE FMCG index dropped over 4-8% each.
Except SBI & ONGC, all the other 28 stocks in the Sensex pack ended in the red. Among the major losers Tata Steel tumbled 11.30% at Rs650.10, DLF slumped 9.93% at Rs375.05, Reliance Infrastructure crumbled 8.72% at Rs695, ICICI Bank plunged 7.89% at Rs555.55, Reliance Communications dropped 6.91% at Rs381.05, ACC declined 5.94% at Rs470 and ITC fell 5.71% at Rs168. Other frontline stocks also dropped over 2-5% each.
Over 3.59 crore Avon Weigh shares changed hands on the BSE followed by Reliance Natural Resources (2.93 crore shares), IFCI (1.36 crore shares), Reliance Petroleum (1.34 crore shares) and Ispat Industries (1.32 crore shares).
Valuewise, Reliance Capital clocked a turnover of Rs432 crore followed by Reliance Industries (Rs354 crore), Reliance Energy (Rs291 crore), Reliance Petroleum (Rs226 crore) and Reliance Natural Resources (Rs181 crore).
| | | | | | | | European Indices at 16:04 IST on 03-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5397.00 | -2930.00 | -0.54 | | CAC 40 Index | 4270.04 | -26.44 | -0.62 | | DAX Index | 6257.63 | -47.79 | -0.76 | | | | | | | | | | | Asian Indices at close on 03-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13265.40 | -20.97 | -0.16 | | Hang Seng Index | 21242.78 | -461.67 | -2.13 | | Kospi Index | 1606.54 | -17.06 | -1.05 | | Straits Times Index | 2880.45 | -25.78 | -0.89 | | Jakarta Composite Index | 2286.61 | -91.86 | -3.86 | | | | | | | | 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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