| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,084.12 | 2,802.45 | | High | 9,169.05 | 2,802.45 | | Low | 8,871.71 | 2,664.30 | | Today's Cls | 8,937.20 | 2,683.15 | | Prev Cls | 9,291.01 | 2,799.55 | | Change | -353.81 | -116.40 | | % Change | -3.81 | -4.16 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | EIH | 99.95 | 18.28 | | Rolta India | 186.65 | 6.44 | | IVRCL Infra | 114.45 | 4.86 | | Nestle | 1,300.80 | 3.81 | | India Cement | 86.05 | 3.74 | | Losers | | NALCO | 159.45 | -13.41 | | Max India | 112.55 | -12.00 | | Sintex Industries | 165.80 | -10.45 | | Sun TV | 142.20 | -10.37 | | Kotak Bank | 308.00 | -9.95 | | | Market Statistics | | - | BSE | NSE | | Advances | 661 | 251 | | Declines | 1,831 | 943 | | Unchanged | 75 | 32 | | Volume(Nos) | 22.77cr | 50.29cr | | | | | | Market Commentary | | | Market takes heavy pounding | | Across-the-board selling pressure led by teck stocks saw the Sensex end 3.81% lower. | | The domestic stock market witnessed another fall today, shedding over 400 points, as unabated selling in teck, banking and power stocks saw the Sensex touch the day's low of 8,872. | 
| | | After resuming slightly lower at 9,084, the Sensex dropped immediately, deep into the red tracking weak Asian peers. However, sustained buying in frontline stocks helped the index erase some of its losses by afternoon. But, the market mood turned extremely bearish in late trades and the Sensex tanked 354 points or 3.81% to close at 8,937. Nifty shed 116 points at 2,683.
The market breadth was extremely weak. Of the 2,567 stocks traded on BSE, 1,831 stocks declined, whereas 661 stocks advanced. Seventy five stocks ended unchanged. The sectoral indices were largely weak. The BSE Teck lost 4.96%, BSE IT declined by 4.70%, BSE Power fell 4.67%, BSE Bankex tumbled 4.51%, BSE PSU shed 4.42%. Rest of the indices lost 1-4 % each.
Several heavyweights took a sharp tumble on late selling pressure. Wipro tanked 8.77% at Rs229.85, National Thermal Power Corporation tumbled by 7.88% at Rs139.20, ACC dropped 7.17% at Rs405.25, Tata Consultancy Services declined by 6.96% at Rs482.60, ICICI Bank slumped by 6.79% at Rs360.75, Maruti Suzuki India lost 6.32% at Rs512.75, JP Associates slipped by 6.22% at Rs67.90, Mahindra & Mahindra dipped 5.75% at Rs300.40 and Tata Power shed 5.75% at Rs682.70. However, only Ranbaxy Laboratories ended in the green with 0.50% at Rs212.45.
Over 1.61 crore GVK Power & Infrastructure shares changed hands on the BSE followed by Suzlon Energy (1.03 crore shares), Unitech (0.72 crore shares), Steel Authority of India Ltd (0.66 crore shares) and Reliance Natural Resources Ltd (63 lakh shares). | | | | | | | | European Indices at 16:00 IST on 18-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4075.44 | -56.72 | -1.37 | | CAC 40 Index | 3128.66 | -53.37 | -1.68 | | DAX Index | 4501.96 | -55.31 | -1.21 | | | | | | | | | | | Asian Indices at close on 18-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8328.41 | -194.17 | -2.28 | | Hang Seng Index | 12915.89 | -613.64 | -4.54 | | Kospi Index | 1036.16 | -42.16 | -3.91 | | Straits Times Index | 1692.55 | -57.12 | -3.26 | | Jakarta Composite Index | 1189.86 | -47.07 | -3.81 | | | | | | | | 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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