| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,412.99 | 4,356.10 | | High | 14,547.41 | 4,365.00 | | Low | 14,281.10 | 4,281.35 | | Today's Cls | 14,498.51 | 4,348.65 | | Prev Cls | 14,564.53 | 4,360.00 | | Change | -66.02 | -11.35 | | % Change | -0.45% | -0.26% | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | KSK Energy | 187.20 | 6.79 | | Sintex Industries | 328.70 | 6.34 | | Educomp Solutions | 3,989.65 | 5.73 | | BEML | 772.45 | 5.45 | | Areva | 1,602.30 | 4.99 | | Losers | | Rei Agro | 1,333.30 | -4.74 | | Aditya Birla Nuvo | 1,257.95 | -3.97 | | Ranbaxy | 499.80 | -3.61 | | Indiabulls Financial | 241.40 | -3.44 | | Phoenix Mills | 182.25 | -3.37 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,329 | 561 | | Declines | 1,255 | 640 | | Unchanged | 96 | 36 | | Volume(Nos) | 21.84cr | 34.40cr | | | | | | Market Commentary | | | Strong comeback at tail end | | Though trading nearly more than 150 points lower for the predominant part of the day, the Sensex stages a robust pull back towards the tail end to post a loss of only 66 points. | | Taking lead from weak global markets, the 30-stock Sensex of the BSE started the day with a pessimistic note—142 points lower at the opening bell. | 
| | | The index remained subdued during the major part of the day and trade more than 150 points lower, as investors booked profits for the Friday’s surge. Metal, consumer durables and technology stocks took the major beating. The index faltered by afternoon and slipped to the day's low of 14,281—283 points below the previous close. While the market fluctuated sharply thereafter, firm bullish sentiment and strong buying in heavyweights and PSU stocks in late trades helped the Sensex erase most of its losses. The Sensex finally ended the session 0.45% or 66 points lower at 14,499. The Nifty slipped by 11 points at 4,349. | | | Movers & Shakers | - Maharashtra Industrial surged on report that the company has decided to split the shares from the face value of Rs10 to Re1.
- Gammon Infrastructure rallied sharply on receiving the letter of allotment for the development of the Youngthang Khab Hydro Electric Project on built-own-operate-transfer basis from the Government of Himachal Pradesh.
| | | |
The market breadth was positive, as 50% stocks (1,329 stocks) advanced and 47% stocks (1,255 stocks) declined. Around 3% stocks (96 stocks) ended unchanged.
Eight of the 13 sectoral indices ended in the red. The BSE Metal dropped 1.08% at 12,214 followed by the BSE CD (down 1.05% at 3,800.62) and the BSE Teck (down 0.89% at 3,046). However, the BSE PSU gained 0.31% at 6,768, the BSE Oil & Gas, the BSE FMCG, the BSE Bankex and the BSE Reality closed with marginal gains.
Heavyweights led the fall in the Sensex. Ranbaxy Laboratories slipped by 3.61% at Rs499.80, Tata Steel slumped by 2.67% at Rs584.30, Maruti Suzuki India shed 2.56% at Rs650.40 and Bharti Airtel lost 2.50% at Rs816.25. While Reliance Communications, Infosys, Hindustan Unilever, Tata Power and NTPC were down by over 1% each. Among the gainers ITC jumped 1.62% at Rs191.65, HDFC Bank gained 1.48% at Rs1,296.10, BHEL soared 0.90% at Rs1721.90, SBI rose by 0.88% at Rs1416 and Satyam Computer Services was up 0.85% at Rs423.40, while ONGC and ACC ended with modest gains.
On turnover front, over 3.31 crore Resurgere Mines & Minerals India shares changed hands on the BSE followed by Reliance Natural Resources (1.17 crore shares), Nutek India (65.53 lakh shares), Chambal Fertilisers & Chemicals (53.22 lakh shares) and Noida Toll Bridge Company (44.57 lakh shares). | | | | | | | | European Indices at 16:10 IST on 01-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5600.70 | -35.90 | -0.64 | | CAC 40 Index | 4467.57 | -15.03 | -0.34 | | DAX Index | 6395.33 | -26.97 | -0.42 | | | | | | | | | | | Asian Indices at close on 01-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12834.18 | -238.69 | -1.83 | | Hang Seng Index | 20906.31 | -355.58 | -1.67 | | Kospi Index | 1414.43 | -59.81 | -4.06 | | Straits Times Index | 2713.79 | -26.16 | -0.95 | | Jakarta Composite Index | 2164.62 | -1.32 | -0.06 | | | | | | | | 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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