| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,251.56 | 5,112.50 | | High | 17,271.56 | 5,147.45 | | Low | 16,978.89 | 5,079.15 | | Today's Cls | 17,015.96 | 5,089.65 | | Prev Cls | 17,125.98 | 5111.70 | | Change | -110.02 | -22.05 | | % Change | -0.64 | -0.43 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | LIC Housing Finance | 357.40 | 11.60 | | BEL | 1,296.95 | 7.39 | | Deccan Aviation | 144.65 | 6.48 | | Titan Ind | 1,190.80 | 6.38 | | Pantaloon | 507.00 | 5.98 | | Losers | | Siemens | 580.65 | -9.87 | | Spice Tele | 41.90 | -4.45 | | Cipla | 215.15 | -4.08 | | IDFC | 166.90 | -3.83 | | Suzlon | 278.45 | -3.75 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,295 | 572 | | Declines | 1,374 | 609 | | Unchanged | 71 | 27 | | Volume(Nos) | 31.43cr | 55.41cr | | | | | | Market Commentary | | | Sensex sheds 110 points | | Sustained selling pressure in heavyweights, CG (consumer goods) and oil & gas stocks saw the Sensex drop 114 points to close at 17,016 | | The Sensex opened in positive territory on firm Asian markets and buying interest in cement, sugar and banking stocks. However the Sensex came off its high on | | | | substantial selling in heavyweights, CG and oil & gas stocks and slipped into red. After wiping out the early gains of 146 points, the market remained weak throughout the session. The Sensex slipped further in the afternoon on reports of a rise in the inflation rate and touched a low of 16,979, down 293 points from the day's high. There was buying at lower levels and the Sensex managed to pare some losses towards the close and end the session at 17,016, down 110 points. The Nifty shed 22 points and closed at 5,090. | | | Movers & Shakers | - Compact Disc India slipped despite raising $30 million for the movie 'Playing with the enemy'.
- Lupin inched lower despite the report that the company has launched SUPRAX ®400 mg tablets in the US.
- Mahindra & Mahindra, which has launched new after-market business vertical, ended with marginal losses.
- Tata Consultancy Services declined in spite of signing an eight-year end-to-end IT application services contract worth ~£60 million with Scottish Water.
| | | |
Among the draggers of the index, Cipla shed 4.08% at Rs215.15, Tata Steel slumped 3.19% at Rs777.70, ICICI Bank declined 2.31% at Rs894.95, ACC lost 2.04% at Rs766.80, Maruti dipped 2.02% at Rs722.35, Wipro dropped 1.82% at Rs457.70, Hindalco slipped by 1.48% at Rs186.20, Infosys faltered 1.27% at Rs1,664.95 and Ambuja was down 1.26% at Rs113.35. However, Reliance Energy rose 4.95% at Rs1,426.10, Jaiprakash Associates raised 2.22% at Rs251.15, Reliance Communications moved up 1.34% at Rs584.80 and HDFC Bank was nearly up a per cent at Rs1,517.95.
All the 13 sectoral indices bar the four ended in red. The BSE CG index was the major loser and dropped 1.20% at 13,755 followed by the BSE Oil & Gas (down 1.08% at 11,430), the BSE IT index (down 0.90% at 4,063) and the BSE Metal index (down 0.71% at 15,624). The breadth of the market ended weak. Of the 2,469 stocks traded on the BSE, 1,374 stocks declined, 1,295 stocks advanced and 71 stocks ended unchanged.
CG stocks declined sharply. Siemens tumbled 9.87% at Rs580.65, Kisloskar Brothers dropped 5.53% at Rs287.20, Suzlon Energy lost 3.75% at Rs278.45, Elecon slipped by 2.77% at Rs170.35 and Kirloskar OIL shed 2.66% at Rs108. ABB, Crompton Greaves, L&T and Lakshmi Machine were down around 1% each.
Over 2.44 crore RNRL shares changed hands on the BSE followed by Nagarjuna Fertilisers & Chemicals (1.59 crore shares), IFCI (1.14 crore shares), Ispat Industries (1.07 crore shares) and IB Securities (1.07 crore shares).
| | | | | | | | European Indices at 16:15 IST on 28-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6130.30 | 38.90 | 0.64 | | CAC 40 Index | 5024.32 | 46.11 | 0.93 | | DAX Index | 6966.47 | 69.89 | 1.01 | | | | | | | | | | | Asian Indices at close on 28-04-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13894.37 | 30.90 | 0.22 | | Hang Seng Index | 25666.29 | 149.51 | 0.59 | | Kospi Index | 1823.17 | -1.51 | -0.08 | | Straits Times Index | 3344.53 | - | - | | Jakarta Composite Index | 2254.31 | 13.73 | 0.61 | | | | | | | | 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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