| | | | Index Performance | | Index | Sensex | Nifty | | Open | 13,360.34 | 4,047.45 | | High | 13,559.36 | 4,118.10 | | Low | 13,269.62 | 4,004.25 | | Today's Cls | 13,330.51 | 4,039.70 | | Prev Cls | 13,469.85 | 4,049.00 | | Change | -139.34 | -9.30 | | % Change | -1.03 | -0.23 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Hindustan Zinc | 582.00 | 8.08 | | MMTC | 26,015.05 | 5.00 | | Jai Corp | 390.35 | 4.93 | | Bhushan Steel | 840.00 | 4.60 | | Deccab Chronicle | 109.85 | 3.29 | | Losers | | Ranbaxy Lab | 475.90 | -10.45 | | Satyam Computer | 409.25 | -7.92 | | Infosys Tech | 1,556.10 | -7.18 | | Bajaj Holdings | 440.15 | -6.47 | | HCL Tech | 225.15 | -5.81 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,009 | 388 | | Declines | 1,576 | 786 | | Unchanged | 64 | 34 | | Volume(Nos) | 25.46 cr | 45.21cr | | | | | | Market Commentary | | | Sensex slips amid sharp volatile trades | | After witnessing an intra-day swing of 289 points, the market closed with a loss of 139 points. | | The market saw high volatility during the day, as stocks gyrated between the either sides of the zones throughout the session with the Sensex witnessing the | 
| | | intra-day swing of 289 points. The market opened lower due to the overnight loss in the US markets, but pared early loss as investors' sentiment turned positive as the Sensex neared its lifetime high of 13,559 points. Thereafter, sustained selling in frontline, information (IT) and Teck stocks saw the Sensex enter into negative territory. After displaying some range-bound moves, the market plunged deep into the red on heavy selling towards the close to touch the day's low of 13,270. The Sensex finally closed the session at 13,331, down 139 points. The Nifty had a flat close at 4,040, down 9 points. | | | Movers & Shakers | - Ram Informatics slipped in spite of the report that the company has signed a Memorandum of Understanding with Karnataka Electronics Development Corporation (an enterprise of Karnataka Government) to provide joint e-governance solutions for the state of Karnataka.
- Greenply Industries inched lower in spite of the report that the company has approved the Scheme of Amalgamation of Galaxy Decor Pvt Ltd and Platinum Veneers Pvt Ltd with their company.
- Hitkari Fibres hit the upper circuit on report that the company will approve the Scheme of Amalgamation of the transferor company, SRM Energy Pvt Ltd with the applicant company, Hitkari Fibres.
| | | |
The breadth of the market was negative. Of the 2,649 stocks traded on the BSE, 1,576 stocks declined, 1,009 stocks advanced and 64 stocks ended unchanged. Among the sectoral indices the BSE IT index shed 5.94%, the BSE Teck index declined 3.83% and the BSE FMCG index was down 1.46%. However, the BSE PSU, Metal, Oil & Gas, Auto and CD indexes closed in the green.
Selective buying helped the index overcome its losses. ONGC gained 1.56% at Rs866.85, NTPC advanced 3.15% at Rs167 and Mahindra & Mahindra added 2.91% at Rs546.45. SBI, Tata Steel, Ambuja Cement, Tata Motors, Reliance Infrastructure and Hindustan Unilever notched up steady gains.
Selling was evident in select heavyweights. Ranbaxy Laboratories dropped 10.45% at Rs475.90, Satyam Computer Services declined 7.92% at Rs444.45, Infosys tumbled 7.18% at Rs1,556.10, Tata Consultancy Services shed 3.79% at Rs768.95, HDFC dipped 3.38% at Rs1,935.90, BHEL was down 3.37% at Rs1,470 and ITC shed 3.30% at Rs168.70.
Over 1.80 crore IFCI shares changed hands on the BSE followed by Reliance Natural Resources (1.46 crore shares), Ispat Industries (1.23 crore shares), Chambal Fertilisers (84.91 lakh shares) and Reliance Petroleum (52.64 lakh shares).
| | | | | | | | European Indices at 16:15 IST on 14-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5354.10 | 92.50 | 1.76 | | CAC 40 Index | 4172.59 | 71.95 | 1.75 | | DAX Index | 6233.13 | 79.83 | 1.30 | | | | | | | | | | | Asian Indices at close on 14-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13010.16 | -29.53 | -0.23 | | Hang Seng Index | 22014.46 | -170.09 | -0.77 | | Kospi Index | 1558.62 | -8.89 | -0.57 | | Straits Times Index | 2904.12 | -22.72 | -0.78 | | Jakarta Composite Index | 2259.54 | -17.31 | -0.76 | | | | | | | | 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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