| | Index Performance | Index | Sensex | Nifty | Open | 14,609.44 | 4,358.85 | High | 15,106.15 | 4,522.40 | Low | 14,543.21 | 4,343.10 | Today's Cls | 15,049.86 | 4,504.00 | Prev Cls | 14,498.51 | 4,348.65 | Change | 551.35 | 155.35 | % Change | 3.80 | 3.57 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | HDIL | 325.85 | 16.27 | HPCL | 225.80 | 12.09 | Indiabulls Financial | 268.80 | 11.35 | India Infoline | 138.90 | 9.98 | Indiabulls Real Estate | 322.35 | 9.64 | Losers | Cairn India | 233.75 | -5.76 | Bosch | 4,048.35 | -2.96 | Sesa Goa | 151.75 | -2.10 | Ranbaxy | 490.35 | -1.89 | Tata Motors | 429.85 | -1.82 | | Market Statistics | - | BSE | NSE | Advances | 1,675 | 1,066 | Declines | 986 | 438 | Unchanged | 72 | 34 | Volume(Nos) | 29.46cr | 53.45cr | | | | | Market Commentary | | Fire up | Strong buying in heavyweights and sectoral indices scrips catapults the Sensex past 15,000. | The market seemed to be in no mood to give up the gusto it exhibited towards the closing yesterday.It simply ignored the pessimistic signs—egative Nikkei—and | | | picked the optimistic signs—drop in crude oil prices and positive Hang Seng and Straits Times. The benchmark 30-stock Sensex opened 111 points higher and after remaining range-bound for the first one-third of the session, went ballistic and gained 450 points in the second one-third of the session. Relentless buying in index heavyweights, reality, banking, capital goods and public sector units stocks propelled the index to an intra-day high of 15106, up 607 points over its last close. In the last one-third of the session, the index maintained its high and ended 551 points higher than its previous close. Following almost a ditto pattern, the 50-stock Nifty finished the day 155 points higher at 4,504. Realty and banking stocks played instrumental role in the home-run gains posted by the Sensex and the Nifty. The BSE Realty and the BSE Bankex, the sectoral indices of realty and banking stocks ended 6.93% and 5.94% higher respectively. In fact all the 13 sectors registered gains for today. The market breadth was visibly positive, as of the total 2,733 stocks that trade on the BSE, 61% stocks (1,675 stocks) advanced while only 36% stocks (986 stocks) declined. 72 stocks ended unchanged. Among the 30 stocks in the Sensex only two—Ranbaxy Laboratories and Tata Motors--ended negative. The State Bank of India led the upsurge among the index stocks and flared up by 7.44% at Rs1,521 followed by ICICI Bank and DLF each of which gained more than 7% for the day. Among the other major gainers, ONGC surged 6.97% at Rs1,101.55, JP Associates moved up by 6.83% at Rs173.65, Reliance Infrastructure advanced 5.99% at Rs1,041.70, Maruti Suzuki vaulted 4.84% at Rs664.45, HDFC shot up by 4.66% at Rs2,445.15, Larsen & Toubro added 4.63% at Rs2,680.70 and Tata Consultancy Services rose 4.23% at Rs848.80. ACC, Reliance Communications, Wipro, BHEL, HDFC Bank, Reliance Industries, Grasim Industries, Infosys, Tata Power and Mahindra & Mahindra spurted over 2-4% each. Reality stocks were the star attraction for the day and rallied sharply. Orbit Corporation soared 16.80% at Rs304.55, HDIL jumped 16.27% at Rs325.85, Indiabulls Real Estate added 9.64% at Rs322.25 and Unitech gained 7.14% at Rs169.60. Sobha Developers, Omaxe and Peninsula Land were up over 5-7% each. Over 2.05 crore Reliance Natural Resources shares changed hands on the BSE followed by Resurgere Mines & Minerals India (1.62 crore shares), IFCI (1.05 crore shares), Infrastructure Development Finance Company (90.39 lakh shares) and Marksans Pharma (85.23 lakh shares). | | | | | | | | European Indices at 16:10 IST on 02-09-2008 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 5616.90 | 14.10 | 0.25 | CAC 40 Index | 4528.04 | 55.91 | 1.25 | DAX Index | 6511.74 | 89.94 | 1.40 | | | | | | | | | | | Asian Indices at close on 02-09-2008 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 12609.47 | -224.71 | -1.75 | Hang Seng Index | 21042.46 | 136.15 | 0.65 | Kospi Index | 1407.14 | -7.29 | -0.52 | Straits Times Index | 2756.61 | 42.82 | 1.58 | Jakarta Composite Index | 2159.05 | -5.56 | -0.26 | | | | | | | | To know more about our products and services, click here. | | | | | | “This document has been prepared by Sharekhan Ltd. 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