| | | | Index Performance | | Index | Sensex | Nifty | | Open | 12,909.57 | 3,823.15 | | High | 13,150.35 | 3,968.75 | | Low | 12,843.79 | 3,823.15 | | Today's Cls | 13,111.85 | 3,947.20 | | Prev Cls | 12,575.80 | 3,816.70 | | Change | 536.05 | 130.50 | | % Change | 4.26 | 3.42 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | IVRCL Infra | 295.00 | 14.16 | | United Breweries | 228.45 | 10.55 | | Essar Shipping | 96.05 | 9.96 | | HDFC | 1,888.70 | 9.78 | | Maruti Suzuki | 599.70 | 9.46 | | Losers | | Biocon | 352.20 | -6.38 | | SAIL | 119.85 | -5.78 | | Sterlite Industries | 608.35 | -5.64 | | NALCO | 336.65 | -4.74 | | ABG Shipyard | 320.80 | -4.08 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,536 | 787 | | Declines | 1,081 | 394 | | Unchanged | 74 | 38 | | Volume(Nos) | 26.79cr | 51.29cr | | | | | | Market Commentary | | | Sensex rebounds | | An across-the-board rally saw the market bounce back sharply from its five-session losing streak and gain above 4% at the close. | | After crashing over 1,000 points in the last five sessions, the market witnessed a strong relief rally on across-the-board buying through the day. | 
| | | The strong optimism in key indices triggered a steep rally and the Bankex index managed to register gains of over 4%. Sensex opened on a strong note with a positive gap of 334 points at 12,910, but quickly tumbled; anyway, it remained upbeat all through the session on sustained buying support. The rally gathered steam towards the close and Sensex touched an intra-day high of 13,150 before ending the session at 13,112, up 536 points. Nifty also bounced back sharply and advanced 130 points to close at 3,947. The breadth of the market was absolutely positive. Of the 2,691 stocks traded on the BSE, 1,536 stocks advanced, 1,081 stocks declined and 74 stocks ended unchanged. All the sectoral indices closed with significant gains except the BSE Metal index. The BSE Bankex index was the major gainer and soared 6.06% followed by the BSE CG index (up 5.92%), the BSE Realty index (up 4.95%), the BSE Power index (up 4.20%) and the BSE Auto index (up 4.16%). The BSE Metal index was however down by 2%. Among the 30 Sensex stocks, 28 ended in the green. Attracting strong buying support HDFC surged 9.78% at Rs1,888.70, Maruti Suzuki India soared 9.52% at Rs600, JP Associates jumped 9.19% at Rs149.05, DLF advanced 8.44% at Rs427.20, State Bank of India (SBI) added 7.75% at Rs1,227.05, Larsen & Toubro zoomed 7.49% at Rs2440, Tata Consultancy Services gained 7.13% at Rs779.50, ICICI Bank vaulted 6.08% at Rs551.20 and HDFC Bank was up 6.03% at Rs958.10. Other frontline stocks also moved up by 2-5% each. Banking stocks witnessed sustained buying support. Axis Bank surged 8.73% at Rs635.50, UBI jumped 7.94% at Rs108.05, SBI added 7.75% at Rs1,227.05, Bank Of India advanced 7.31% at Rs243.65 and ICICI Bank gained 6.08% at Rs551.20. Kotak Bank, Yes Bank and Punjab National Bank were up over 4% each. Over 1.91 crore Reliance Petroleum shares changed hands on the BSE followed by Reliance Natural Resources (1.55 crore shares), IFCI (1.44 crore shares), Ispat Industries (1.05 crore shares) and Chambal Fertilisers (89 lakh shares). | | | | | | | | European Indices at 16:15 IST on 17-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5222.40 | 71.80 | 1.39 | | CAC 40 Index | 4202.91 | 90.46 | 2.20 | | DAX Index | 6243.75 | 88.38 | 1.44 | | | | | | | | | | | Asian Indices at close on 17-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12887.95 | 127.15 | 1.00 | | Hang Seng Index | 21734.72 | 511.22 | 2.41 | | Kospi Index | 1525.56 | 18.16 | 1.20 | | Straits Times Index | 2864.10 | 28.78 | 1.02 | | Jakarta Composite Index | 2167.71 | -50.41 | -2.27 | | | | | | | | 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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