| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,115.97 | 4,626.45 | | High | 15,202.74 | 4,626.45 | | Low | 14,846.18 | 4,411.60 | | Today's Cls | 15,066.10 | 4,500.95 | | Prev Cls | 15,572.18 | 4,627.80 | | Change | -506.08 | -126.85 | | % Change | -3.25 | -2.74 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | GMDC | 281.10 | 12.60 | | Lupin | 701.70 | 8.05 | | Cairn India | 300.10 | 4.84 | | Hero Honda Motors | 787.00 | 4.19 | | NALCO | 510.55 | 3.92 | | Losers | | Hindustan Construction | 113.85 | -9.54 | | Unitech | 184.80 | -9.30 | | HPCL | 193.30 | -9.21 | | Bombay Dyeing | 671.10 | -9.07 | | Neyveli Lignite | 106.55 | -9.05 | | | Market Statistics | | - | BSE | NSE | | Advances | 474 | 171 | | Declines | 2,170 | 1,039 | | Unchanged | 49 | 21 | | Volume(Nos) | 25.83cr | 50.22cr | | | | | | Market Commentary | | | Market hammered amid oil woes | | After crashing over 700 points in intra-day trades, the market ended slightly below 15,100 levels and shed 3.25% on across-the-board selling. | | Stocks across-the-board witnessed another round of heavy correction, as sentiment remained bearish for the second session on crude oil worries (over $138 | 
| | | a barrel in the USA market), liquidity squeeze in the domestic market and sharp downfall in other Asian indices. The market had dropped around 200 points in last sessions. Major Asian indices like the Nikkei, the Kospi, the Jakarta and the Straits Times shed over 1-2% each, thereby adding pressure on the domestic indices. After resuming 456 points lower at 15,117, the market remained under the grip of sustained selling pressure. Extensive correction in heavyweights, realty, IT, capital goods (CG) and oil & gas stocks in noon trades dragged the index below the 14,900 mark to the day's low of 14,846. The Sensex finally ended the session at 15,066, down 506 points, while the Nifty shed 127 points to close at 4,501. | | | Movers & Shakers | - Divis Laboratories lost despite the report that the company has recommended a 200% dividend on its equity shares for the year ended March 31, 2008.
- Suzlon Energy tumbled even after Suzlon Wind Energy Corporation, USA, a step-down wholly owned subsidiary of the company signed a contract for an aggregate of 300 units of S88-2.1 MW turbines with Edison Mission Energy of Irvine, California.
| | | |
All the sectoral indices except the BSE health care (HC) index were hammered on the back of a relentless selling pressure. The BSE Realty index dropped 7.38% at 5,752, the BSE IT index lost 4.21% at 4,404.98, the BSE CG index shed 3.30% at 11,635, the BSE Oil & Gas index shed 3.29% at 9,676.55 and the BSE Bankex index fell 3.21% at 7,033.
The broader market was weak. Of the 2,693 stocks traded on the BSE 2,170 stocks declined, 474 stocks advanced and 49 stocks ended unchanged. Among the 30 stocks in the Sensex basket only three stocks ended in green. Among the major losers, JP Associates tanked 8.65% at Rs181.35, DLF tumbled 7.39% at Rs475, ONGC declined 7.02% at Rs864.90, HDFC slumped 5.99% at Rs2,115, Reliance Infra fell 5.65% at Rs1,003.30, Wipro plunged 4.85% at Rs475, TCS dropped 4.58% at Rs891, Infosys slipped by 4.46% at Rs1,889.90 and HDFC Bank was down 4.34% at Rs1,162. Other frontline stocks were down by 1-4% each. Ranbaxy Laboratories however ended in positive with a gain of 3.87%, while Reliance Communications and Hindalco ended with steady gains.
On the volume front, India Cement witnessed more than 66.92 lakh shares changing hands, followed by Aftek Info (47.88 lakh shares), Polaris Lab (31.77 lakh shares), Reliance Communications (24.24 lakh shares) and Gujarat Ambuja Cements (22.05 lakh shares).
| | | | | | | | European Indices at 16:43 IST on 09-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5903.70 | -3.10 | -0.05 | | CAC 40 Index | 4797.70 | 2.38 | 0.05 | | DAX Index | 6810.14 | 6.33 | 0.09 | | | | | | | | | | | Asian Indices at close on 09-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14181.38 | -308.06 | -2.13 | | Hang Seng Index | 24402.18 | - | - | | Kospi Index | 1808.96 | -23.35 | -1.27 | | Straits Times Index | 3084.02 | -62.71 | -1.99 | | Jakarta Composite Index | 2410.08 | 7.84 | 0.33 | | | | | | | | 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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