| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,825.22 | 5,156.90 | | High | 17,911.66 | 5,241.35 | | Low | 17,482.31 | 5,120.05 | | Today's Cls | 17,734.68 | 5,191.80 | | Prev Cls | 17,617.60 | 5,154.45 | | Change | 117.08 | 37.35 | | % Change | 0.66 | 0.72 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Hexaware | 79.55 | 10.56 | | Satyam Computer | 458.20 | 8.45 | | Polaris Lab | 99.35 | 7.58 | | ING Vysya Bank | 323.10 | 7.32 | | Hindalco Industries | 189.45 | 7.22 | | Losers | | Indian Hotels | 124.50 | -6.14 | | Bank of Baroda | 380.20 | -5.19 | | Punjab National Bank | 581.40 | -5.09 | | Union Bank | 186.45 | -4.58 | | Canara Bank | 275.10 | -4.41 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,459 | 710 | | Declines | 1,251 | 470 | | Unchanged | 73 | 25 | | Volume(Nos) | 28.77cr | 49.92cr | | | | | | Market Commentary | | | IT stocks rally in volatile market | | While most of the stocks slipped from higher levels, IT stocks held on to their gains and ended firm. | | The Sensex showed a smart recovery towards the close after shedding over 430 points from the day's high of 17,912.The market remained volatile despite positive cues | | | | from Asian and US markets. Banking and capital goods stocks witnessed selling pressure throughout the trading session, however, select buying in IT and metal stocks saw the Sensex recover from its low of 17,482. The mood turned bullish towards the close as European indices showed tremendous strength in opening trades, and the market surged on short covering in index pivotal stocks. The Sensex finally ended firm with a gain of 117 points at 17,735. The broad-based Nifty too showed a recovery and closed firm at 5,192, up 37 points.
The market breadth was positive, with the gainers outpacing the losers in a ratio of 1.19:1 on the Bombay Stock Exchange (BSE). Of the 2,783 stocks traded on the BSE, 1,459 stocks advanced, 1,251 stocks declined and 73 stocks ended unchanged. Barring the BSE Bankex index and the BSE CG index, most of the sectoral indices recovered from their lows and ended firm. The BSE IT index surged by 5.33% followed by the BSE Metal index (up 4.12%) and the BSE Teck index (up 3.24%). While the BSE Bankex index slipped 1.05% and the BSE CG index fell 0.62%.
Select counters logged steady gains. Satyam Computer rallied sharply by 8.45% at Rs458, Hindalco surged 7.22 % at Rs189, Wipro advanced 4.95% at Rs432, Infosys added 3.96% at Rs1,630, TCS moved up 3.89% at Rs918, Ambuja Cement jumped by 3.28% at Rs120, Bajaj Auto gained 3.05% at Rs2,411 and HLL was up 2.76% at Rs220. However, HDFC slipped 3.75% at Rs2,649, while ICICI Bank, BHEL, SBI and Grasim were down over 1% each.
Over 2.25 crore RNRL shares changed hands on the BSE followed by Centurion Bank of Punjab (1.58 crore shares), Ispat Industries (1.11 crore shares), Essar Oil (84.37 lakh shares) and Gujarat NRE coke (82.92 lakh shares).
Valuewise, Reliance Capital clocked a turnover of Rs307 crore on the BSE followed by RNRL (Rs302 crore), Reliance Power (Rs241 crore), Essar Oil (Rs200 crore) and Reliance Energy (Rs158 crore). | | | | | | | | European Indices at 16:15 IST on 21-02-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 5965.40 | 71.80 | 1.22 | | CAC 40 Index | 4875.83 | 63.02 | 1.31 | | Dax Index | 6993.04 | 93.36 | 1.35 | | | | | | | | Asian Indices at close on 21-02-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 13688.28 | 377.91 | 2.84 | | Hang Seng | 23623 | 32.42 | 0.14 | | Kospi Index | 1704.36 | 16.45 | 0.97 | | Straits Times | 3054.81 | 27.98 | 0.92 | | Jakarta Composite | 2734.68 | 117.08 | 0.66 | | | | | 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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