| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,684.24 | 4,767.80 | | High | 15,998.33 | 4,814.95 | | Low | 15,362.17 | 4,620.50 | | Today's Cls | 15,923.72 | 4,800.40 | | Prev Cls | 15,975.52 | 4,771.60 | | Change | -51.80 | 28.80 | | % Change | -0.32 | 0.60 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | GVK Power & Infra | 40.55 | 12.64 | | Jaiprakash Associates | 231.05 | 11.70 | | RPL | 165.45 | 7.82 | | Essar Oil | 237.50 | 7.59 | | Bharat Forge | 294.85 | 7.04 | | Losers | | Essar Shipping | 164.25 | -9.53 | | L & T | 2,728.80 | -8.68 | | Financial Technologies | 1,644.45 | -8.55 | | Videocon Industries | 323.15 | -8.01 | | IDFC | 156.55 | -7.39 | | | Market Statistics | | - | BSE | NSE | | Advances | 749 | 376 | | Declines | 1,915 | 813 | | Unchanged | 44 | 25 | | Volume(Nos) | 37.21cr | 64.80cr | | | | | | Market Commentary | | | A tame ending to a highly volatile session | | After witnessing a swing of 636 points, the Sensex ended marginally lower at 15924 on selective selling. | | The market maintained a cautious trend for the day as the Sensex eased marginally at close on selective buying. However, the market was extremely volatile as stocks | | | | gyrated sharply, leading to a swing of 636 points during intra-day trades. After resuming 292 points lower at 15684, the Sensex dropped another 322 points in early trades on sustained selling to touch the day's low of 15362. It languished in negative territory thereafter in the first half and steadily erased its losses to rebound and close in positive territory in the afternoon session. It edged past the 15980 mark and touched the intra-day high of 15998 during the day. The Sensex failed to hold on to its steady gains and lost 52 points to close at 15924 whereas the Nifty ended 29 points higher at 4800. | | | Movers & Shakers | - Indusind Bank gained on report that the bank has opened its 16th branch in Gujarat at Hazira.
- Mastek lost despite reports that the company has made the second insurance acquisition in the USA.
- KEC International scaled up on winning the biggest single contract worth Rs482 crore.
- Dr Reddy’s Laboratories inched up on report that the company has entered into a drug discovery collaboration with 7TM Pharma on selected drug targets.
| | | |
Dragging the Sensex, L&T lost 8.68% at Rs2,728.80, BHEL dropped 5.69% at Rs1,910.40, Maruti Suzuki fell 4.25% at Rs893.45 and Satyam Computers declined 3.72% at Rs408. Wipro, ICICI Bank, HDFC, Grasim, Hind Utiliies, REL, Infosys, Ranbaxy and TCS were down nearly 1-2% each. However, Bharti Airtel advanced 6.85% at Rs802.80, Tata Steel scaled up 5.13% at Rs812.20, Bajaj Auto added 5.07% at Rs1,984.95, ACC gained 4.39% at Rs767.10, DLF jumped 3.44% at Rs680.35, Reliance Communications was up nearly 2.78% at Rs558.45 and SBI gained 2.20% at Rs1,882.40.
The breadth of the market was negative. Of the 2,708 stocks traded on the BSE, 1,915 stocks declined, 749 stocks advanced and 44 stocks ended unchanged. Of the 13 sectoral indices trading on the BSE, five indices ended in the green and eight slipped into the red. The BSE Metal Index was the major performer on the upside and gained 2.24% at 15799.61. The BSE Oil & Gas Index was up around 2.02% at 10.225.67.
Over 4.21 crore RNRL shares changed hands on the BSE followed by RPL (2.14 crore shares), Ispat (1.67 crore shares), Essar Oil (1.09 crore shares) and IFCI (0.92 crore shares).
| | | | | | | | European Indices at 17:14 IST on 10-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5712.40 | 12.50 | 0.22 | | CAC 40 Index | 4616.38 | -2.58 | -0.06 | | DAX Index | 6523.96 | 9.97 | 0.15 | | | | | | | | | | | Asian Indices at close on 10-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12532.13 | -250.67 | -1.96 | | Hang Seng Index | 22705.05 | 203.72 | 0.91 | | Kospi Index | 1625.17 | -38.80 | -2.33 | | Straits Times Index | 2836.59 | -29.69 | -1.04 | | Jakarta Composite Index | 2527.87 | -128.59 | -4.84 | | | | | | | | 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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