| | | | Index Performance | | Index | Sensex | Nifty | | Open | 10,455.23 | 3,234.70 | | High | 10,484.85 | 3,235.75 | | Low | 10,128.22 | 3,051.80 | | Today's Cls | 10,169.90 | 3,065.15 | | Prev Cls | 10,683.39 | 3,234.90 | | Change | -513.49 | -169.75 | | % Change | -4.81 | -5.25 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | IB Securities | 27.00 | 5.47 | | United Spirits | 778.40 | 5.08 | | GMR Infra | 64.05 | 3.72 | | GVK Power | 14.15 | 3.28 | | Bajaj Holdings | 401.55 | 3.27 | | Losers | | HCL Tech | 161.75 | -13.46 | | Indiabulls Real Estate | 119.45 | -12.75 | | IVRCL Infra | 114.20 | -12.72 | | Phoenix Mills | 74.40 | -12.42 | | Tata Steel | 244.80 | -12.04 | | | Market Statistics | | - | BSE | NSE | | Advances | 778 | 309 | | Declines | 1,733 | 894 | | Unchanged | 77 | 27 | | Volume(Nos) | 21.21cr | 45.97cr | | | | | | Market Commentary | | | Drubbed | | After crashing over 550 points in the intra-day trades, the market closed slightly above 10,100 and shed 4.81% on pervasive selling pressure. | | The market witnessed an across-the-board selling, as the sentiment remained bearish on the back of liquidity squeeze in the domestic market and a sharp | 
| | | fall in the Asian indices. Sustained selling in metal, realty and banking stocks too added pressure on the domestic indices. The major Asian indices like Hang Seng (Hong Kong), Kospi (South Korea), Straits Times (Singapore) and Nikkei (Japan) shed over 5-6% each. After resuming 228 points below its previous close at 10,683, the market remained under the grip of sustained selling pressure. Extensive correction in heavyweights and index pivotal stocks towards the close dragged the index to the day's low of 10,128. The Sensex finally ended the session at 10,170, down 513 points, while Nifty shed 170 points to close at 3,065.
All the sectoral indices were hammered on the back of relentless selling pressure. The BSE Metal dropped 7.90% at 5,619, BSE Realty lost 7.57% at 2,433, BSE Bankex shed 5.78% at 5,504 and BSE Oil & Gas fell 5.56% at 6,398. The broader market was weak. Of the 2,588 stocks traded on the BSE, 1,733 stocks declined whereas 778 stocks advanced. Seventy seven stocks ended unchanged.
Except ITC and Hindustan Unilever, all the stocks in the Sensex basket ended in the red. Among the major losers, Tata Steel tanked 12.04% at Rs244.80, Sterlite Industries tumbled by 10.04% at Rs265.10, Reliance Communications declined by 8.79% at Rs235.50, ICICI Bank slumped 8.04% at Rs396.45, Jaiprakash Associates fell 7.88% at Rs72.50, Tata Motors plunged 7.87% at Rs228.25, Bharti Airtel dropped 7.76% at Rs667.40, Mahindra & Mahindra slipped by 7.14% at Rs379.35 and ACC was down 7.11% at Rs452.15. Other front-line stocks were down 4-6% each.
HDIL witnessed volumes of over 99 lakh shares on the BSE followed by Chambal Fertilisers and Chemicals (79 lakh shares), IFCI (65 lakh shares), Reliance Petroleum (61 lakh shares) and Reliance Natural Resources (59 lakh shares). | | | | | | | | European Indices at 16:15 IST on 22-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4109.06 | -120.67 | -2.85 | | CAC 40 Index | 3370.48 | -104.92 | -3.02 | | DAX Index | 4638.83 | -145.58 | -3.04 | | | | | | | | | | | Asian Indices at close on 22-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8674.69 | -631.56 | -6.79 | | Hang Seng Index | 14266.60 | -774.57 | -5.15 | | Kospi Index | 1134.59 | -61.51 | -5.14 | | Straits Times Index | 1821.13 | -99.66 | -5.19 | | Jakarta Composite Index | 1379.74 | -60.40 | -4.19 | | | | | | | | 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.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
No comments:
Post a Comment