| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,914.41 | 4,680.55 | | High | 15,970.70 | 4,746.30 | | Low | 15,526.50 | 4,614.25 | | Today's Cls | 15,572.18 | 4,627.80 | | Prev Cls | 15,769.72 | 4,676.95 | | Change | -197.54 | -49.15 | | % Change | -1.25 | -1.05 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Cairn India | 286.25 | 8.45 | | Voltas | 144.20 | 7.09 | | Hindustan Construction | 125.85 | 6.52 | | Indiabulls Real Estate | 424.10 | 4.60 | | Suzlon Energy | 280.20 | 4.32 | | Losers | | Neyveli Lignite | 117.15 | -7.65 | | HPCL | 212.90 | -5.92 | | Bombay Dyeing | 738.00 | -5.91 | | Phoenix Mills | 301.80 | -5.35 | | India Infoline | 655.95 | -4.53 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,125 | 444 | | Declines | 1,524 | 745 | | Unchanged | 68 | 36 | | Volume(Nos) | 27.22cr | 47.53cr | | | | | | Market Commentary | | | Market slips amid sharp volatility | | The Sensex witnessed an intra-day swing of 444 points and shed 198 points for the day on broad-based selling pressure. | | Positive international indices failed to lift the sentiment in the domestic market, as the Sensex drifted into negative territory after gaining 201 points in early trades. | 
| | | The sentiment turned extremely bearish in the afternoon as sustained selling in heavyweight, FMCG, realty and fast-moving Bankex stocks dragged the index below the 15,550 mark to an intra-day low of 15,527. The Sensex witnessed a swing of 444 points during the day and ended the session with losses of 198 points at 15,572. Nifty shed 49 points to close at 4,628. | | | Movers & Shakers | - Era Infra Engineering slipped despite reports that the company has bagged a prestigious contract from Mumbai Railway Vikas Corporation.
- Petron Engineering Construction moved up marginally on receiving an order from India Cements.
- Transgene Biotek advanced sharply on reports that the company has entered into a definitive agreement with MENTOR Pharmaceutical Consulting Pty Ltd, New South Wales, Australia.
- Aditya Birla Nuvo tumbled as the company had to shut down fertiliser plant due to fire on synthesis gas compressor turbine.
| | | |
The market breadth was negative. Of the 2,717 stocks traded on the BSE, 1,524 stocks declined, 1,125 stocks advanced and 68 stocks ended unchanged. All the sectoral indices ended in the red except the BSE Auto index. The BSE FMCG index dropped 2.65% at 2,361.88 followed by the BSE Reality (down 1.83% at 6,210.30), the BSE Metal index (down 1.27% at 15,515.39), the BSE HC index (down 1.15% at 4,296.01) and the BSE Bankex index (down 1.12% at 7,266.28).
Out of the 30 Sensex stocks, only four stocks managed to close in positive. Among the losers, Wipro slumped 4.43% at Rs500, ITC tumbled 4.14% at Rs211.40, Ranbaxy Laboratories plunged 3.47% at Rs503.25, Hindalco declined 3.46% at Rs174.65, DLF dipped 3.44% at Rs517, Reliance Energy shed 2.67% at Rs1,084, Tata Consultancy Services lost 2.36% at Rs960, Bharti Airtel was down 2.34% at Rs798, JP Associates fell 2.21% at Rs199.50 and Tata Steel was down 2.10% at Rs751.95. Mahindra & Mahindra however bucked the downtrend and advanced 3.46% at Rs582.20. Tata Motors gained 1.40% at Rs540.05, Grasim Industries gained 0.73% at Rs2,262.80 and Infosys advanced 0.66% at Rs1,992.85.
FMCG stocks were under sustained selling pressure today. United Spirits plummeted 2.34% at Rs1,518.80, Tata Tea tumbled 1.69% at Rs802.50, REI Agro dropped 1.32% at Rs1,520 and Marico shed 1.19% at Rs62.25. United Breweries, Hindustan Unilever and Nestle shed around 1% each.
Over 1.62 crore IFCI shares changed hands on the BSE followed by SpiceJet (1.16 crore shares), Chambal Fertilisers (1 crore shares), Gokul Refoil (96 lakh shares) and Ispat industries (89 lakh shares).
Valuewise, Reliance Industries registered a turnover of Rs385 crore on the BSE followed by Reliance Capital (Rs214 crore), Cairn India (Rs208 crore), Gokul Refoils (Rs197 crore) and Anu Lab (Rs174 crore).
| | | | | | | | European Indices at 16:08 IST on 06-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6019.20 | 23.90 | 0.40 | | CAC 40 Index | 4900.80 | -6.26 | -0.13 | | DAX Index | 6949.08 | 7.25 | 0.10 | | | | | | | | | | | Asian Indices at close on 06-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14489.44 | 148.32 | 1.03 | | Hang Seng Index | 24402.18 | 146.89 | 0.61 | | Kospi Index | 1832.31 | - | - | | Straits Times Index | 3146.73 | 2.84 | 0.09 | | Jakarta Composite Index | 2402.24 | 2.56 | 0.11 | | | | | | | | 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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