| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,451.95 | 4,440.85 | | High | 14,484.39 | 4,440.85 | | Low | 14,210.63 | 4,297.15 | | Today's Cls | 14,274.94 | 4,311.85 | | Prev Cls | 14,777.01 | 4,433.55 | | Change | -502.07 | -121.70 | | % Change | -3.40 | -2.74 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | MRPL | 67.45 | 16.70 | | JP Hydro Power | 54.10 | 6.60 | | Neyveli Lignite | 120.80 | 5.55 | | United Phosphorus | 336.95 | 5.21 | | Ispat Industries | 25.55 | 5.14 | | Losers | | Educomp Solutions | 2992.85 | -11.14 | | Indiabulls Real Estate | 294.65 | -10.21 | | ICICI Bank | 656.85 | -9.62 | | ABB | 833.60 | -7.71 | | United Breweries | 295.95 | -7.53 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,154 | 492 | | Declines | 1,460 | 692 | | Unchanged | 77 | 30 | | Volume(Nos) | 33.94cr | 63.60cr | | | | | | Market Commentary | | | Bears strike back | | Sensex remained bearish all through the session amid weakness across the international markets and was down 502 points at the close. | | The bears hit back strongly and triggered a major sell-off in the market during the intra-day trades.Tracking the subdued Asian markets, | 
| | | Sensex began the session below its previous close, but slipped on sustained selling in frontline stocks and continued moving down. After plunging below the 14,250 mark to touch the day's low of 14,211, the market moved in a range with a negative bias. The market witnessed panic selling towards the close and Sensex ended the session with a loss of 502 points at 14,275, whereas Nifty shed 122 points and closed at 4,312. | | | Movers & Shakers | - Cummins India slipped despite approving the scheme of amalgamation of Cummins Sales and Service India and Cummins Auto Services with the company.
- i-flex Solutions closed flat despite posting a net profit of Rs921.80 million for the quarter ended June 30, 2008.
- Gateway Distriparks closed marginally up on approving the buy-back of company's fully paid up equity shares of Rs10 each.
- MM Forgings hit the upper circuit on report that the company has recommended the issue of bonus share in the ratio of 1:1 (one bonus share for every one equity share held).
| | | |
All the sectoral indices, except BSE FMCG and BSE HC, had a weak outing. The BSE Bankex and the BSE Oil & Gas index dropped over 5% each, while the BSE Realty index, the BSE CG index, the BSE Power index, the BSE Metal index and the BSE Auto index were down over 1-3% each.
The market breadth was negative. Of the 2,691 stocks traded on the BSE, 1,460 stocks declined, 1,154 stocks advanced and 77 stocks ended unchanged. Among Sensex stocks, ICICI Bank was the major loser and tumbled by 9.62% at Rs656.85. HDFC Bank at Rs1127.15, Reliance Industries at Rs2,147.35, HDFC at Rs2,221.55, Jaiprakash Associates at Rs163.45, ONGC at Rs983, Reliance Infra at Rs984.65 and BHEL at 1,654.90 slumped over 4-7% each. Among the other major losers, DLF dropped 3.24% at Rs590.75, L&T lost 3.16% at Rs2,625.60, Tata Motors fell 2.95% at Rs426.65 and Cipla declined by 2.65% at Rs225.60. While, Ranbaxy gained 3.12% at Rs481.25, ACC gained 2.41% at Rs574.25, Hindustan Unilever, Satyam Computer Services, NTPC, Grasim Industries and Reliance Capital gained around 0.50-2%.
Banking stocks lost ground on profit taking. Axis Bank dropped 6.44% at Rs712.50, Canara Bank slumped 4.06% at Rs183.15, Karnataka Bank shed 3.79% at Rs134.65 and Yes Bank slipped by 3.41% at Rs137.35. Kotak Bank, SBI, Federal Bank and Andhra Bank also ended weak.
Over 3.34 crore Reliance Natural Resources shares changed hands on the BSE followed by Ispat Industries (1.76 crore shares), MRPL (1.41 crore shares), Nagarjuna Fertiliser (1.39 crore shares) and Chambal Fertilisers (1.23 crore shares).
| | | | | | | | European Indices at 16:23 IST on 25-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5318.80 | -43.50 | -0.81 | | CAC 40 Index | 4310.89 | -37.10 | -0.85 | | DAX Index | 6366.19 | -74.51 | -1.16 | | | | | | | | | | | Asian Indices at close on 25-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13334.76 | -268.55 | -1.97 | | Hang Seng Index | 22740.71 | -347.01 | -1.50 | | Kospi Index | 1597.93 | -28.21 | -1.73 | | Straits Times Index | 2922.91 | -55.00 | -1.85 | | Jakarta Composite Index | 2245.34 | -11.71 | -0.52 | | | | | | | | 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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