| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,563.10 | 4,336.85 | | High | 14,563.10 | 4,364.25 | | Low | 14,261.69 | 4,282.65 | | Today's Cls | 14,296.79 | 4,292.10 | | Prev Cls | 14,482.22 | 4,337.50 | | Change | -185.43 | -45.40 | | % Change | -1.28 | -1.05 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | KSK Energy | 169.75 | 10.44 | | Bajaj Auto | 579.55 | 5.73 | | Educomp Solutions | 3,447.90 | 3.18 | | Dr Reddy's | 589.90 | 2.84 | | United Phosphorus | 327.40 | 2.14 | | Losers | | Indiabulls Securities | 68.10 | -9.08 | | Indiabulls Real Estate | 261.70 | -8.59 | | Chambal Fertilisers | 72.70 | -7.27 | | Welspun Gujarat | 318.90 | -5.79 | | Edelweiss Capital | 543.85 | -4.80 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,021 | 440 | | Declines | 1,583 | 763 | | Unchanged | 103 | 36 | | Volume(Nos) | 21.71cr | 36.55cr | | | | | | Market Commentary | | | Last-hour selling pips market | | The market slips in noon trades and the Sensex sheds 185 on pervasive selling pressure. | | The 30-stock Sensex of the BSE started the day with an optimistic note—81 points higher than its previous close (14,483).However, in the next 10 minutes it was trading below the previous | 
| | | close, and all through the day it traded below this level. Action was witnessed an hour-and-a-quarter before the closing bell—the index fell precipitously and in the next 45 minutes the Sensex was trading at the lowest of the day, more than 200 points lower.
The slide was driven by selling in heavyweights and major correction in reality, banking, power, capital goods and consumer durable stocks.The index wrapped up the day 185 points or 1.28% lower. The 50-stock Nifty also witnessed almost similar up and downs and wound up the day 45 points or 1.05% lower. All the 13 sectoral indices ended lower today. BSE Realty (-3.5%), BSE Bankex (-2.14%) and BSE Power (-1.41%) were the top three losing indices for the day. BSE CG, BSE Oil & Gas and BSE PSU lost around 1%, while the remaining seven indices posted marginal losses.
The breadth of the market was extremely negative, as around 58% stocks (1,583 stocks) declined while 38% stocks (1,021 stocks) advanced. Around 4% stocks (103 stocks) ended unchanged.
Of the 30 stocks that constitute the Sensex, only four stocks added to their values. These stocks were Hindalco, up 2.06% at Rs138.50, Infosys Technologies up 0.50% at Rs1,708, Tata Steel up 0.67% at Rs581.40 and Mahindra & Mahindra up 0.29% at Rs575.90.
Among the major losers, DLF tumbled 3.99% at Rs478.20, Reliance Infrastrusture plunged 3.65% at Rs965.75, State Bank of India slumped 2.96% at Rs1,330.90, ICICI Bank dropped 2.71% at Rs648.85, HDFC shed 2.47% at Rs2,286, Tata Motors lost 2.43% at Rs422.80, BHEL declined 3% at Rs1,748 and Reliance Communications down 2.34% at Rs397.30. Other frontline stocks too were down around 0.50-2% each. Reality stocks were hit the hardest. Indiabulls Realestate crashed 8.59% at Rs261.70, DLF tumbled 3.99% at Rs478.20, Ansal Properties declined 3.11% at Rs99.65 and Unitech dropped 2.28% at Rs156.35. Akruti City, Peninsula Land, Orbit Corporation, Parsvnath Developers and Mahindralife were down over 1-2% each.
On turnover front, over 1.30 crore Nutek India shares changed hands on the BSE followed by Reliance Natural Resources (1.20 crore shares), GTL Infrastructure ( 78.68 lakh shares), Firstsounce Solutions (74.85 lakh shares) and Chambal Fertilisers & Chemicals(62.06 lakh shares). | | | | | | | | European Indices at 16:10 IST on 27-08-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5458.90 | -11.80 | -0.22 | | CAC 40 Index | 4318.77 | 49.78 | -1.14 | | DAX Index | 6266.82 | -73.70 | -1.16 | | | | | | | | | | | Asian Indices at close on 27-08-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12752.96 | -25.75 | -0.20 | | Hang Seng Index | 21464.00 | 408.06 | 1.94 | | Kospi Index | 1493.92 | 3.67 | 0.25 | | Straits Times Index | 2705.09 | -2.10 | -0.08 | | Jakarta Composite Index | 2131.06 | 23.51 | 1.12 | | | | | | | | 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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