| | | | Index Performance | | Index | Sensex | Nifty | | Open | 17,476.41 | 5,115.65 | | High | 17,497.36 | 5,167.40 | | Low | 17,315.52 | 5,106.40 | | Today's Cls | 17,434.94 | 5,157.70 | | Prev Cls | 17,353.54 | 5,115.25 | | Change | 81.41 | 42.45 | | % Change | 0.47 | 0.83 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Brigade Enterprises | 215.40 | 12.54 | | Chambal Fertilisers | 79.20 | 8.57 | | Aban Offshore | 3,889.65 | 7.95 | | JSW Steel | 1,110.95 | 7.48 | | SAIL | 185.90 | 7.33 | | Losers | | India Infoline | 873.05 | -3.20 | | Crompton Greaves | 237.50 | -3.18 | | Indiabulls Real Estate | 537.25 | -3.09 | | Voltas | 163.50 | -2.53 | | BEML | 1,142.15 | -2.43 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,547 | 705 | | Declines | 1,137 | 493 | | Unchanged | 84 | 25 | | Volume(Nos) | 34.26cr | 55.15cr | | | | | | Market Commentary | | | Market ends steady in choppy trading | | The market posted steady gains at the close, after witnessing an intra-day swing of 182 points in early trades. | | The upturn in the market continued for the third straight session, but the appreciation was quite modest as compared to gains of over 600 points registered | | | | in the last two trading sessions. However, the market was quite volatile in early trades. After resuming on a firm note at 17,476 points above its previous close of 17,354, the Sensex rallied sharply to touch a new intra-day high of 17,497. However, a sharp bout of profit taking saw the index slip into red and touch the day's low of 17,316. It witnessed mixed reaction thereafter with a select bout of buying and selling and finally ended the session with gains of 81 points at 17,435. Nifty gained 42 points to close at 5,158.
The market breadth was positive. Of the 2,768 stocks traded on the BSE, 1,547 stocks advanced, 1,137 stocks declined and 84 stocks ended unchanged. Barring the BSE IT index, rest of the sectoral indices ended in green. The BSE Metal index gained 1.90%. The BSE Bankex index gained 1.54%, while other indices ended with steady gains.
Select metal stocks attracted decent buying in a choppy market. JSW led the pack with a surge of 7.48% at Rs1,110.95, while SAIL advanced 7.33% at Rs185.90, Gujarat NRE scaled up 6.05% at Rs157.75. Among other gainers, Ranbaxy Laboratories flared up 3.29% at Rs510.70, Reliance Communications added 2.18% at Rs601.85 and Hindustan Unilever rose 2.14% at Rs243.70.
Profit taking in select counters trimmed the gains to a considerable extent. Ambuja Cement dropped 1.07% at Rs110.90, Infosys shed 1.07% at Rs1,871.15, HDFC fell 0.95% at Rs2,766.90 and TCS lost 0.94% at Rs976.15. Bharti Airtel, Cipla and Wipro shed over 0.50% each.
Over 2.92 crore Aishwarya Telecom shares changed hands on the BSE followed by IFCI (1.43 crore shares), Ispat Industries (1.16 crore shares), Chambal Fertilisers (1.15 crore shares) and Nagarjuna Fertilisers (0.96 lakh shares). | | | | | | | | | European Indices at 16:38 IST on 16-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6340.20 | 88.40 | 1.41 | | CAC 40 Index | 5103.71 | 46.20 | 0.91 | | DAX Index | 7188.69 | 107.64 | 1.52 | | | | | | | | | | | Asian Indices at close on 16-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14219.48 | -32.26 | -0.23 | | Hang Seng Index | 25618.86 | 105.15 | 0.41 | | Kospi Index | 1888.88 | 3.17 | 0.17 | | Straits Times Index | 3344.53 | - | - | | Jakarta Composite Index | 2468.84 | 19.03 | 0.78 | | | | | | | | 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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