| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,796.26 | 5,022.90 | | High | 16,844.02 | 5,072.70 | | Low | 16,668.60 | 4,991.35 | | Today's Cls | 16,721.08 | 4,999.85 | | Prev Cls | 16,698.04 | 5,022.80 | | Change | 23.04 | -22.95 | | % Change | 0.14 | -0.46 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | United Spritis | 1,752.00 | 9.91 | | JSW Steel | 896.20 | 5.10 | | Reliance Industrial Infra | 1,275.95 | 5.00 | | Spice Tele | 43.35 | 4.96 | | Lupin | 576.80 | 4.95 | | Losers | | ACC | 798.10 | -5.49 | | Pantaloon Retail | 461.60 | -5.41 | | Praj Industries | 169.90 | -5.27 | | Petronet LNG | 79.35 | -5.03 | | MMTC | 26,673.30 | -4.74 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,266 | 443 | | Declines | 1,465 | 740 | | Unchanged | 54 | 27 | | Volume(Nos) | 36.69cr | 69.27cr | | | | | | Market Commentary | | | Market ends steady amid sharp volatility | | The Sensex ended with modest gains after witnessing an intra-day swing of 175 points. | | The stock market witnessed volatile moves and swung 175 points during intra-day trades, as shares gyrated sharply between zones through the trading session. | | | | Taking cue from the firm global indices, the Sensex started on a positive note at 16,796, but failed to sustain gains as a sharp bout of profit-taking pulled the index below the 16,700 mark to an intra-day low of 16,669. While the market remained lacklustre with a negative bias, the Sensex rolled back into green by mid-noon trades on renewed buying support and surged to an intra-day high of 16,844. However, a fresh round of profit-taking towards the fag-end saw the Sensex pare gains and end at 16,698, up 23 points, while the Nifty lost 23 points to close at 5,000. | | | Movers & Shakers | - Sobha Developers slipped despite signing a letter of intent with TUV Rheinland Group.
- Hindustan Zinc jumped on report that the company has become the world's Largest integrated zinc-lead producer.
- Parsvnath Developers logged gains, as the company launched Precious Apartments and Parsvnath Mall in Jamnagar.
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The breadth of the market was weak. Of the 2,785 stocks traded on the BSE 1,465 stocks declined, 1,266 stocks advanced and 54 stocks remained unchanged. Among the sectoral indices, the BSE PSU index dropped 1.53% at 7,724 while the BSE Metal index, the BSE CD index, the BSE Power index and the BSE HC index also ended at lower levels. The BSE IT index gained 1%. While BSE FMCG, TECk, CG, and Bankex ended with steady gains.
Select heavyweights edged higher on decent buying support. HUL jumped 3.12% at Rs249.35, Infosys advanced 2.86% at Rs1,693.05, Satyam Computer added 2.06% at Rs439.30 and Wipro gained 1.46% at Rs449.55. However, select front-line stocks came under selling pressure. ACC was the major loser and dropped 5.49% at Rs798.10. Other draggers Reliance Communications declined 2.89% at Rs532.80, Reliance Energy dropped 2.73% at Rs1,306.45, NTPC shed 2.68% at Rs190.55, Tata Steel lost 2.65% at Rs776.50 and Maruti Suzuki fell 2% at Rs745.95.
Over 1.83 crore IFCI shares changed hands on the BSE followed by ISPAT Industries (1.31 crore shares), IB Securities (1.10 crore shares), RNRL (1.08 crore shares), Spice Tele (1.06 crore shares) and RPL (1.02 crore shares).
| | | | | | | | European Indices at 16:10 IST on 24-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5978.00 | -105.60 | -1.74 | | CAC 40 Index | 4881.07 | -63.58 | -1.29 | | DAX Index | 6747.98 | -47.05 | -0.69 | | | | | | | | | | | Asian Indices at close on 24-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13540.87 | -38.29 | -0.28 | | Hang Seng Index | 25680.78 | 391.54 | 1.55 | | Kospi Index | 1799.34 | -1.45 | -0.08 | | Straits Times Index | 3177.55 | -16.29 | -0.51 | | Jakarta Composite Index | 2269.98 | -44.32 | -1.92 | | | | | | | | 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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