| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,896.09 | 4,766.70 | | High | 15,896.09 | 4,791.70 | | Low | 15,303.04 | 4,632.70 | | Today's Cls | 15,343.12 | 4,647.00 | | Prev Cls | 15,832.55 | 4,771.60 | | Change | -489.43 | -124.60 | | % Change | -3.09 | -2.61 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Akruti City | 1,021.35 | 5.09 | | Educomp Solutions | 3,579.15 | 4.64 | | United Phosphorus | 282.75 | 4.22 | | BEL | 1,177.85 | 4.03 | | MRPL | 84.55 | 2.73 | | Losers | | Voltas | 162.00 | -8.60 | | Crompton Greaves | 237.80 | -7.61 | | Alstom Projects | 568.30 | -7.59 | | Indian Overseas Bank | 123.55 | -7.24 | | BHEL | 1,634.10 | -6.89 | | | Market Statistics | | - | BSE | NSE | | Advances | 808 | 420 | | Declines | 1,823 | 1,295 | | Unchanged | 66 | 23 | | Volume(Nos) | 27.21cr | 46.70.cr | | | | | | Market Commentary | | | Panic selling halts resurgence | | The market gyrated 593 points and ended with a sharp dip of over 3.09% on hefty selling in capital goods, banking, and power stocks. | | Panic selling in noon trades triggered a major correction, after the market had witnessed gains of over 60 points in early trades. | | | | Continuing with buoyancy, the Sensex resumed with a huge positive gap of 63 points at 15,896. While the market stood firm thereafter, a sudden spurt in selling activity particularly in capital goods, banking, power and technology sectors dragged the index below 15,400 level to the day's low of 15,303. The Sensex finally wrapped the session with losses of 3.09% or 489 points at 15,343, while the Nifty dropped 2.61% or 125 points to close at 4,647. | | | Movers & Shakers | - i-flex solutions flared up on the report that the company is changing its name to Oracle Financial Services
- Jindal Drilling & Industries was bit up on acquiring 49% holding in Virtue Drilling Pte Ltd, Singapore
- Financial Technologies dropped inspite of announcing constituting an independent advisory board.
| | | |
Although the market fell sharply, market breadth was extremely negative. Of the 2,695 stocks traded on the Bombay Stock Exchange (BSE), 1,823 stocks declined, 809 stocks advanced and 63 stocks ended unchanged. All the indices ended at lower levels. The BSE Bankex led the slump with losses of 4.33% followed by the BSE Bankex index (down 2.93%), the BSE Power index (down 2.81%), the BSE Teck index (down 2.58%). The BSE Auto, FMCG, Oil & Gas, IT, PSU and Realty indices were also down by 2%, while the BSE HC and BSE CD were marginally down.
Sensex led CG pivotals came under sharp hammering. Crompton Greaves tumbled 7.61% at Rs237.80, Alstom Project declined 7.59% at Rs568.30, BHEL moved down 6.89% at Rs1,634, Larsen & Toubro lost 5.74% at Rs2,686 and Praj Industries declined 5.71% at Rs132.20. Among the major losers, HDFC crashed 6.83% at Rs2,275, Mahindra & Mahindra dropped 6% at Rs605.15, Jaiprakash Associates slipped by 5.21% at Rs221.25, Wipro dipped by 4.53% at Rs415.60, Bharti Airtel slumped 4.53% at Rs783.85, ITC fell by 3.46% at Rs200.80 and ICICI Bank was down 3.07% at Rs763.70. Maruti Suzuki, RIL, Cipla and HDFC Bank shed between 2-3% each.
Select index heavyweights bucked the downtrend and ended with decent gains. Ranbaxy Laboratories rose 2.55% at Rs458.25, while Tata Steel flared up 0.17% at Rs660.70. While Hero Honda added 1.25% at Rs758.20, MRF moved up by 1.13% at Rs3,938 and Dabur India added 0.34% at Rs104.65.
Over 2.15 crore Ispat Industries shares changed hands on the BSE followed by Tulsi Extrusion (1.54 crore shares), RNRL (1.47 crore shares), RPL (1.45 crore shares) and IB Securities (0.95 lakh shares).
| | | | | | | | European Indices at 16:15 IST on 04-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5917.80 | 26.50 | 0.45 | | CAC 40 Index | 4902.43 | 14.56 | 0.30 | | DAX Index | 6747.89 | 6.17 | 0.30 | | | | | | | | | | | 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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