| | | | Index Performance | | Index | Sensex | Nifty | | Open | 8,599.58 | 2,583.75 | | High | 8,739.48 | 2,585.30 | | Low | 7,697.39 | 2,252.75 | | Today's Cls | 8,509.56 | 2,524.20 | | Prev Cls | 8,701.07 | 2,584.00 | | Change | -191.51 | -59.80 | | % Change | -2.20 | -2.31 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Unitech | 42.70 | 41.86 | | Godrej Industries | 72.15 | 18.18 | | Indiabulls Real Estate | 111.45 | 15.07 | | Nagarjuna Construction | 48.75 | 12.59 | | Oracle Financial | 477.35 | 10.26 | | Losers | | Glenmark Pharma | 259.25 | -20.00 | | Bajaj Holdings | 290.00 | -17.26 | | Cairn India | 101.40 | -15.89 | | Jet Airways | 144.40 | -15.73 | | United Phosphorus | 143.10 | -15.70 | | | Market Statistics | | - | BSE | NSE | | Advances | 515 | 224 | | Declines | 2,019 | 1,247 | | Unchanged | 43 | 12 | | Volume(Nos) | 31.07cr | 65.50cr | | | | | | Market Commentary | | | Sensex drops by 192 points | | The market erased most of its losses from the early crash, with the Sensex ending 2.20% lower and the Nifty dipping by 2.32% at close. | | The Sensex ended the day with a loss of 192 points after crashing to a low of 7,697 during intra-day trades. The market crashed by over 1,000 points, | 
| | | in line with the other major global indices. The day started with the Sensex resuming 101 points lower at 8,701. It tanked by another 940 points to touch the day's low of 7,697 on relentless selling in CD, auto, FMCG and PSU stocks. The Sensex managed to recover around 850 points in the late trades, but still ended with a loss of 192 points at 8,510. The Nifty shed 2.31% or 60 points to close at 2,524.
The market breadth was negative. Of the 2,577 stocks traded on the BSE 2,019 stocks declined, 515 stocks advanced and 43 stocks ended unchanged. Among the sectoral indices, the BSE CD Index tumbled 6.24%, the BSE Auto Index slipped 5.93%, the BSE FMCG Index lost 5.63% and the BSE PSU Index was down 5.43%. However, the BSE Reality, Teck and Oil & Gas indices gained marginally.
Several index heavyweights came under selling pressure and ended in the red. Tata Motors was the major loser and tumbled by 13.95% at Rs140.05. Mahindra & Mahindra at Rs248, JP Associates at Rs53.40, Grasim Industries at Rs952.65, Tata Power at Rs570.25, SBI at Rs1,056.60 and L&T at Rs723.80 slumped by around 7-13% each.
Select counters logged significant gains on fresh buying support. Bharti Airtel bucked the downtrend and gained 5.99% at Rs566.45. RIL was up 5.83% at Rs1,074.70 whereas Reliance Infra, Reliance Communication, Sterlite Industries, ICICI Bank, TCS, Satyam and Infosys also gained marginally.
Over 2.73 crore Unitech shares changed hands on the BSE followed by Suzlon Energy (1.55 crore shares), IFCI (1.02 crore shares), RPL (10.07 crore shares) and Hindalco (83.02 lakh shares). | | | | | | | | European Indices at 16:00 IST on 27-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 3687.11 | -196.25 | -5.05 | | CAC 40 Index | 2989.76 | -204.03 | -6.39 | | DAX Index | 4126.21 | -169.46 | -3.94 | | | | | | | | | | | Asian Indices at close on 27-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 7162.90 | -486.18 | -6.36 | | Hang Seng Index | 11015.84 | -1602.54 | -12.70 | | Kospi Index | 946.45 | 7.70 | 0.82 | | Straits Times Index | 1600.28 | 0.00 | 0.00 | | Jakarta Composite Index | 1166.41 | -78.45 | -6.30 | | | | | | | | 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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