| | | | Index Performance | | Index | Sensex | Nifty | | Open | 16,666.03 | 4,926.30 | | High | 16,666.03 | 4,957.40 | | Low | 16,196.02 | 4,801.90 | | Today's Cls | 16,316.26 | 4,835.30 | | Prev Cls | 16,525.37 | 4,918.35 | | Change | -209.11 | -83.05 | | % Change | -1.27 | -1.69 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Larsen & Toubro | 2,889.10 | 6.64 | | IFCI | 62.30 | 6.50 | | IVRCL Infra | 403.10 | 6.50 | | Jindal Steel | 2,292.00 | 6.28 | | Sun TV | 331.75 | 6.26 | | Losers | | Tata Motors | 582.55 | -8.22 | | Ambuja Cements | 97.80 | -6.05 | | M & M | 606.20 | -5.52 | | Sun Pharma | 1,388.55 | -5.07 | | Suzlon Energy | 275.05 | -5.01 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,115 | 472 | | Declines | 1,537 | 730 | | Unchanged | 109 | 30 | | Volume(Nos) | 36.10cr | 74.69cr | | | | | | Market Commentary | | | Sensex plummets 209 points | | The market slipped in noon trades from higher levels and shed 1.27% at close on across-the-board selling pressure. | | The market witnessed extreme volatility during the day. After a firm opening at 16,666, 141 points above its previous close of 16,525, the Sensex made significant strides on the back of an extended buying and | 
| | | touched the day's high of 16,666. However, the market failed to hold on to its gains and drifted into negative territory in noon trades. The market took a sharp dip in afternoon trades from its initial surge and continued to move down thereafter, as shares across the sectors witnessed relentless selling pressure. Along with selling in heavyweights, major correction in auto, Bankex and oil & gas stocks dragged the index to an intra-day low of 16,196. The Sensex finally signed off the session with losses of 1.27% or 209 points at 16,316, while the Nifty tumbled down 83 points at 4,835. | | | Movers & Shakers | - Larsen & Toubro flared up on reports that its board has decided to issue bonus shares in the ratio of 1:1 (One share of Rs2 each to be issued for every one share of Rs2 each held).
| | | |
The breadth of the market was extremely negative. Of the 2,761 stocks traded on the BSE 1,537 stocks declined, 1,115 stocks advanced and 109 stocks ended unchanged. Among the sectoral indices the BSE Auto index shed 3.31% at 4,410 followed by the BSE Bankex index (down 2.71% at 7,718.81), the BSE Oil & Gas index (down 1.92% at 10,571) and the BSE Power index (down 1.79% at 3,048.84).
Of the 30 stocks trading in the Sensex basket, only six stocks managed to end in green. Among the major losers, Tata Motors tumbled 8.22% at Rs582.55, Ambuja Cement plunged 6.05% at Rs97.80, Mahindra & Mahindra slumped 5.52% at Rs606.20, SBI dropped 3.62% at Rs1,464.30, Hindalco shed 3.54% at Rs189.60, HDFC lost 3.24% at Rs2,433.20 and NTPC declined 3.03% at Rs171.40. Other frontline stocks, too, were down by around 1-3% each. Larsen & Toubro however bucked the downtrend and rose 6.64% at Rs2,889.10, while Reliance Communications at Rs573, Cipla at Rs213.95, Satyam Computer Services at Rs526.25, Ranbaxy Laboratories at Rs504.60 and Wipro at Rs512.50 were up around 1% each.
Over 5.42 crore IFCI shares changed hands on the BSE followed by Chambal Fertiliser (2.48 crore shares), Nagarjuna fertilisers (1.91 crore shares), Aishwarya Telecom (1.16 crore shares) and Spice Tele (66.22 lakh shares).
| | | | | | | | European Indices at 16:18 IST on 29-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6098.60 | 29.00 | 0.48 | | CAC 40 Index | 4982.46 | 11.35 | 0.23 | | DAX Index | 7046.18 | 12.34 | 0.18 | | | | | | | | | | | Asian Indices at close on 29-05-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14124.47 | 415.03 | 3.03 | | Hang Seng Index | 24383.99 | 134.48 | 0.55 | | Kospi Index | 1841.22 | 35.58 | 1.97 | | Straits Times Index | 3160.78 | 28.00 | 0.89 | | Jakarta Composite Index | 2446.95 | 13.19 | 0.54 | | | | | | | | 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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