| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,270.12 | 4,878.70 | | High | 16,309.88 | 4,912.30 | | Low | 16,009.87 | 4,808.65 | | Today's Cls | 16,086.83 | 4,828.85 | | Prev Cls | 16,217.49 | 4,877.50 | | Change | -130.66 | -48.65 | | % Change | -0.81 | -1.00 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Indiabulls Real Estate | 486.15 | 11.68 | | Yes Bank | 191.10 | 11.07 | | Gujarat NRE Coke | 137.10 | 11.01 | | India Infoline | 861.30 | 9.03 | | Maytas Infra | 685.35 | 8.98 | | Losers | | NALCO | 462.40 | -5.44 | | HUL | 234.40 | -4.31 | | United Phosphorus | 262.95 | -4.31 | | EIH | 130.55 | -4.25 | | ICICI Bank | 843.25 | -4.17 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,733 | 790 | | Declines | 978 | 406 | | Unchanged | 50 | 28 | | Volume(Nos) | 34.12cr | 54.14cr | | | | | | Market Commentary | | | Panic selling halts market resurgence | | The market gyrated 300 points and ended with a sharp dip of over 1% on hefty selling in banking and technology stocks. | | Panic selling in noon trades triggered a major correction after the market had witnessed gains of more than 150 points in the first half. Continuing with the | | | | buoyancy, the Sensex resumed with a positive gap of 53 points at 16,270. Consumer durable stocks buying fuelled a major rally in early trades and the index zoomed above the 16,300 mark to touch a new intra-day high of 16,309. While the market stood firm thereafter, a sudden spurt in selling activities, particularly in banking, oil & gas, technology and health care sectors dragged the index just above 16,000 level to the day's low of 16,010. The Sensex finally wrapped the session with losses of 0.81% or 131 points at 16,087, while the Nifty dropped 1% or 49 points to close at 4,829. | | | Movers & Shakers | - GEI Industrial Systems flared up on report that the company has secured order worth Rs30 crore.
- KS Oils, which acquired 50,000 acre of palm plantation in Indonesia ended with steady gains.
- Simplex Infrastructures was up a bit on securing a contract worth Rs653 crore from Ritz Carlton Hotel, Bangalore.
- Satyam Computer Services, which becomes first strategic partner to SAP for MENA region, inched marginally higher.
| | | |
Although the market fell sharply, the breadth of the market was positive. Of the 2,761 stocks traded on the Bombay Stock Exchange (BSE), 1,733 stocks advanced, 978 stocks declined and 50 stocks ended unchanged. Of the 13 sectoral indices trading on the BSE, seven indices ended in the red and six moved in green. The BSE CD index was the major performer on the upside and gained 1.55% at 3,830, while the BSE Metal index was up around 1% at 13,745.
Dragging the Sensex, HUL lost 4.31% at Rs234.40, ICICI Bank dropped 4.17% at Rs843, Bharti Airtel fell 3.75% at Rs803.10, DLF declined 3.07% at Rs657.80 and Jaiprakash Associates tumbled 3.02% at Rs226.05. BHEL, Reliance Coomunications, Cipla, Ambuja Cement, SBI, NTPC, Wipro and ONGC were down by nearly 1-2% each. However, Tisco advanced 3.79% at Rs657.85, HDFC scaled up 2.73% at Rs2,660, ITC added 2.09% at Rs195.10, HDFC Bank gained 1.64% at Rs1,441, Satyam jumped 0.47% at Rs413 and TCS was up nearly 0.38% at Rs879.30.
Bankex stocks declined sharply. ICICI Bank crashed by 4.17% at Rs843, UBI dropped 2.80% at Rs149.45, Bank of Baroda lost 2.19% at Rs292.75 and Canara Bank shed 1.64% at Rs225.20. SBI, Federal Bank and Oriental Bank of India slipped marginally.
Over 1.87crore Ispat Industries shares changed hands on the BSE followed by RNRL (1.58 crore shares), RPL (80 lakh shares), IFCI (75 lakh shares) and Essar Oil (72 lakh shares).
| | | | | | | | European Indices at 16:15 IST on 26-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5672.70 | -16.40 | -0.29 | | CAC 40 Index | 4676.70 | -15.30 | -0.33 | | DAX Index | 6524.24 | -0.47 | -0.01 | | | | | | | | | | | Asian Indices at close on 26-03-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12706.63 | -38.59 | -0.30 | | Hang Seng Index | 22617.01 | 152.49 | 0.68 | | Kospi Index | 1679.67 | 4.74 | 0.28 | | Straits Times Index | 2995.22 | -4.97 | -0.17 | | Jakarta Composite Index | 2440.64 | 21.02 | 0.87 | | | | | | | | 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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