| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,851.72 | 4,739.30 | | High | 15,985.40 | 4,739.30 | | Low | 15,709.51 | 4,634.00 | | Today's Cls | 15,962.56 | 4,715.90 | | Prev Cls | 16,063.18 | 4,739.60 | | Change | -100.62 | -23.70 | | % Change | -0.63 | -0.50 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | LIC Housing Finance | 334.05 | 6.96 | | Praj Industries | 188.65 | 5.57 | | Essar Oil | 249.25 | 5.52 | | India Cements | 166.75 | 4.97 | | Jai Corp | 585.60 | 4.78 | | Losers | | ABG Shipyard | 500.00 | -7.02 | | Shipping Corporation | 257.60 | -6.43 | | Indiabulls Real Estate | 444.45 | -5.88 | | Neyveli Lignite | 128.15 | -5.67 | | Deccan Aviation | 105.25 | -5.48 | | | Market Statistics | | - | BSE | NSE | | Advances | 847 | 378 | | Declines | 1,818 | 814 | | Unchanged | 57 | 25 | | Volume(Nos) | 29.28cr | 53.75cr | | | | | | Market Commentary | | | Market hammered amid oil woes | | After crashing over 350 points in intra-day trades, the market ended slightly below 16,000 levels and shed 0.63% on across-the-board selling. | | Stocks across-the-board witnessed another round of correction as sentiment remained bearish for the second straight session on crude oil worries (over $127 a barrel in the US market), liquidity squeeze in the | 
| | | domestic market and fall in other Asian indices. The market had dropped over 350 points yesterday. Major Asian indices like the Hang Seng, the Kospi, the Jakarta and the Straits Times shed over 1% each, thereby adding pressure on the domestic indices. | |
After resuming 211 points lower at 15,852, the market remained under the grip of sustained selling pressure. Extensive correction in heavyweights, power and capital goods stocks in noon trades dragged the index below the 15,750 mark to the day's low of 15,710. Towards the day’s close, market witnessed buying in oil & gas stocks which helped it to recover from the day’s low. Finally the Sensex ended the session at 15,963, down 101 points, while the Nifty shed 24 points to close at 4,716.
Except oil & gas, consumer durables (CD), auto and health care (HC) indices, all other sectoral indices were hammered on the back of relentless selling pressure. The BSE Power index dropped 2.64% at 2,754, the BSE CG index lost 2.24% at 12,521, the BSE Teck index shed 1.69% at 3,501.40 and the BSE IT index fell 1.49% at 4,580.
The market breadth was extremely weak. Of the 2,722 stocks traded on the BSE 1,818 stocks declined, 847 stocks advanced and 57 stocks ended unchanged. Among the major losers Bharti Airtel shed 4.14% at Rs841.35, Reliance Infra declined 3.87% at Rs1,125.15, Satyam Computer Services fell by 3.64% at Rs499.75, BHEL slipped by 2.95% at Rs1,548.50, HDFC dipped 2.95% at Rs2,458.90, Jaiprakash Associates lost 5.45% at Rs206.45 and L&T slumped 2.30% at Rs2,849.10. ACC, however, gained 3.74% at Rs649.50 followed by Ranbaxy Laboratories that scaled up 3.09% at Rs529.95 while DLF, Wipro and Reliance Industries ended with steady gains.
Power stocks slipped sharply. Reliance Power tumbled nearly 4.29% at Rs218.80, Power Grid slumped 3.65% at Rs91, Suzlon Energy dropped 3.60% at Rs258.40, CESC declined 3.37% at Rs463.35, BHEL dipped 2.95% at Rs1,548.50, Tata Power fell 2.91% at Rs1,254.40 and ABB was down 2.65% at Rs998.50.
On the volume front, IFCI witnessed over 2.14 crore shares changing hands followed by Ispat Industries (1.44 crore shares), Aishwarya Telecom (1.11 crore shares), Chambal Fertilisers (98.27 lakh shares) and Reliance Natural Resources (96.15 lakh shares).
Valuewise, Reliance Industries registered a turnover of Rs279 crore followed by India Reliance Capital (Rs211 crore), Essar Oil (Rs165 crore), Reliance Petroleum (Rs155 crore) and IFCI (Rs128 crore).
| | | | | | | | European Indices at 16:30 IST on 03-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6004.70 | -2.90 | -0.05 | | CAC 40 Index | 4932.63 | -2.58 | -0.05 | | DAX Index | 6971.63 | -37.14 | -0.53 | | | | | | | | | | | Asian Indices at close on 03-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14209.17 | -230.37 | -1.60 | | Hang Seng Index | 24375.76 | -455.60 | -1.83 | | Kospi Index | 1819.39 | -28.14 | -1.52 | | Straits Times Index | 3153.94 | -34.11 | -1.07 | | Jakarta Composite Index | 2403.81 | -23.95 | -0.99 | | | | | | | | 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.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
