| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,978.24 | 4,358.30 | | High | 15,107.01 | 4,558.00 | | Low | 14,917.06 | 4,358.30 | | Today's Cls | 14,944.97 | 4,482.30 | | Prev Cls | 14,483.83 | 4,352.30 | | Change | 461.14 | 130.00 | | % Change | 3.18 | 2.99 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Bharat Forge | 272.30 | 8.72 | | HCC | 104.20 | 7.42 | | Adani Entrerprises | 607.40 | 6.77 | | Indiabulls Financial | 265.40 | 6.59 | | Alstom Project | 421.90 | 6.39 | | Losers | | BPCL | 345.20 | -3.56 | | Indian Oil | 432.90 | -3.07 | | Gujarat NRE Coke | 91.85 | -2.75 | | Bajaj Holdings | 486.50 | -2.75 | | Nestle | 1,740.50 | -2.47 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,665 | 775 | | Declines | 1,034 | 426 | | Unchanged | 69 | 43 | | Volume(Nos) | 24.16cr | 44.76cr | | | | | | Market Commentary | | | Sunny day for bulls | | An across-the-board rally saw the market bounce back sharply from its two-session losses and gain over 3% at the close | | After crashing by over 550 points in the last two sessions, the market witnessed a strong relief rally led by across-the-board buying since early trades. The bounce back from the | 
| | | recent sell-off was mainly in line with the recovery in the major Asian indices, which were up around 2-4% each. Three main cues seem to have decided the course today. One—India getting a green signal from NSG. Two—the West Bengal government arriving at some sort of agreement with Trinamul Congress’ head Mamta Banerjee over the land row at Tata plant at Singur and three—the US government taking over Fannie, Freddie (the giant quasi-public mortgage finance companies), as their failure could have left a global impact. The Sensex opened 494 points above its previous close and gained further on sustained buying support. The high of the day was 623 points above its previous close, while the low of the day was 434 points higher than the previous close. The Sensex finally closed 461 points higher at 14,945. The 50-stock Nifty closed 130 points up at 4,482. | | | Movers & Shakers | - R Systems International moved down, despite approving the buy-back of its shares.
- Pratibha Industries moved up after the company secured a contract worth Rs44.75 crore.
- Patels Airtemp inched lower inspite of receiving an order worth Rs1,609 lakh for shell and tube heat exchangers for Essar Oil Refinery Project, Gujarat.
- Valiant Communications ended higher on approving buy-back of its equity shares.
- ICSA India moved up sharply on securing work orders worth Rs236.14 crore.
| | | |
The market breadth was positive after several sessions. Of the 2,767 stocks traded on the BSE, where 1,665 stocks advanced, 1,034 stocks declined. 69 stocks ended unchanged. All the sectoral indices closed with significant gains. The BSE Bankex, the leading sectoral index, soared 4.06% followed by the BSE CG index (up 3.70%), the BSE Power index (up 3.36%), the BSE Reality index (up 3.17%) and the BSE IT index (up 2.28%).
All the 30 Sensex stocks ended in the green. Attracting strong buying support Sterlite Industries surged 6.16% at Rs624, State Bank of India shot up by 4.90% at Rs1,593, ICICI Bank jumped by 4.64% at Rs719, NTPC advanced by 4.64% at Rs181.50, Larsen & Toubro scaled up 4.54% at Rs2,735, HDFC Bank zoomed 4.43% at Rs1,302.70, Tata Motors added 4.30% at Rs438, Reliance Infrastructure vaulted 4.25% at Rs1,059 and HDFC firmed up by 4.12% at Rs2,375. Other front-line stocks also moved up 2-3% each.
Over 93.17 lakh shares of Reliance Natural Resources changed hands on the BSE followed by Austral Coke (90.07 lakh shares), IFCI (79.91 lakh shares), Reliance Power (57.62 lakh shares) and Karuturi Ventures (51.05 lakh shares).
| | | | | | | | European Indices at 16:15 IST on 08-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5440.20 | 199.50 | 3.81 | | CAC 40 Index | 4395.89 | 199.23 | 4.75 | | DAX Index | 6328.55 | 201.11 | 3.28 | | | | | | | | | | | Asian Indices at close on 08-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12624.46 | 412.23 | 3.38 | | Hang Seng Index | 20794.27 | 860.99 | 4.32 | | Kospi Index | 1476.65 | 72.27 | 5.15 | | Straits Times Index | 2694.49 | 120.28 | 4.67 | | Jakarta Composite Index | 2037.99 | 15.43 | 0.76 | | | | | | | | 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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