| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,093.77 | 4,576.80 | | High | 15,351.31 | 4,649.45 | | Low | 15,056.09 | 4,539.80 | | Today's Cls | 15,289.40 | 4,609.85 | | Prev Cls | 14,994.83 | 4,573.95 | | Change | 294.57 | 35.90 | | % Change | 1.96 | 0.78 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Max India | 140.80 | 13.32 | | HDFC | 2,384.05 | 7.73 | | HCL Tech | 274.05 | 7.45 | | NALCO | 478.25 | 7.32 | | United Breweries | 584.40 | 5.99 | | Losers | | Gujarat NRE Coke | 103.40 | -16.95 | | Brigade Enterprises | 154.30 | -16.07 | | Aban Offshore | 2,642.10 | -16.00 | | JSW Steel | 788.25 | -11.98 | | Indiabulls Financial | 345.90 | -11.16 | | | Market Statistics | | - | BSE | NSE | | Advances | 535 | 247 | | Declines | 2,149 | 936 | | Unchanged | 33 | 19 | | Volume(Nos) | 28.96cr | 47.17cr | | | | | | Market Commentary | | | Indices end on a firm note | | Aided by strong gains in select frontline stocks, the Sensex ended firm at 15,289. | | Buoyed by a sharp recovery in Asian indices and an overnight gains in the US market, the domestic indices also showed strong optimism after sliding sharply in the | | | | last week’s trades. At the opening bell today, the Sensex resumed firm above the 15,000 mark with gains of 99 points at 15,094. After rallying past the 15,100 level in the early trades, the market moved in the range 15,100-15,150 on steady buying movement. The market, however, gained momentum in the late trades on renewed buying in select frontline stocks and propelled the index to an intra-day high of 15,351. The Sensex finally ended the session with gains of 295 points at 15,289, while the Nifty rose 36 points to close at 4,610. | | | Movers & Shakers | - In spite of receiving orders of Rs1,539 million, XL Telecom & Energy ended with steep losses.
- PNB moved up on reports of raising Rs500 crore as PNB Upper Tier II Bonds Series IV.
- IVRCL Infrastructures & Projects inched lower despite the reports that the company has bagged building works valued at Rs78.85 crore.
| | | |
The market breadth ended in negative. Of the 2,717 stocks traded on the Bombay Stock Exchange (BSE), 2,149 stocks declined, 535 stocks advanced and 33 stocks ended unchanged. Barring the BSE Metal, Reality, Consumer Durables and the BSE power index, other sectoral indices ended at higher levels. The BSE Bankex index rose 3.32%, the BSE FMCG index added 1.76%, the BSE IT index was up 1.55% and the BSE Teck index was up 1.19%.
Among the strong gainers in index heavyweights, HDFC soared 7.73% at Rs2,384, Wipro scaled up 5.88% at Rs398.75, HDFC Bank advanced 5.31% at Rs1,337.45, ICICI Bank added 4.98% at Rs804.55, Hidustan Uniliver jumped by 4.31% at Rs235, and ACC moved up 3.76% at Rs805.15. L&T at Rs2937, Bharti Airtel at Rs800.50, SBI at Rs1,645.65, RIL at Rs2,200.80, ITC at Rs190.90 and Tata motors at Rs662.35 gained over 1% each. Tisco, however, dropped 7.04% at Rs592.45. While Reliance Energy declined 4.61% at Rs1,150.90, DLF was down a 4% at Rs598.10. Jaiprakash Associates, Maruti, Ranbaxy, Hindalco and NTPC ended with marginal losses.
Bankex stocks appreciated on sharp buying support. PNB spurted 5.58% at Rs485.45, HDFC Bank flared up 5.31% at Rs1,337.45, Centurion Bank of Punjab climbed 4.46% at Rs42.15 and Yes bank gained 4.08% at Rs142.75. Among other gainers Bank of India Union Bank, SBI, Kotak Bank, IOB, Bank of Baroda and Canara Bank were up over 1% each.
Artheon Finance at Rs9.26, Shree Global Tradefin at Rs43, Good Luck Steel Tubes at Rs258.80, KLG Capital Services at Rs70.90 and JPT Services at Rs30.10 touched new intra-highs on the BSE.
RNRL was the most actively traded counter on the BSE with trades of over 1.96 crore shares followed by Ispat Industries (1.06 crore shares), Essar Oil (0.86crore shares), RPL (0.86 crore shares) and IFCI (0.75 crore shares).
| | | | | | | | | | | | | | | | | | | | Asian Indices at close on 24-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12480.09 | -2.48 | -0.02 | | Hang Seng Index | 21108.22 | - | - | | Kospi Index | 1655.30 | 9.61 | 0.58 | | Straits Times Index | 2927.79 | 102.88 | 3.64 | | Jakarta Composite Index | 2339.29 | 15.74 | 0.68 | | | | | | | | 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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