| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,082.37 | 4,476.20 | | High | 15,130.09 | 4,539.45 | | Low | 14,608.05 | 4,385.85 | | Today's Cls | 14,777.01 | 4,433.55 | | Prev Cls | 14,942.28 | 4,476.80 | | Change | -165.27 | -43.25 | | % Change | -1.11 | -0.97 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | HMT | 72.50 | 19.34 | | RCF | 65.05 | 17.10 | | Engineers India | 601.95 | 14.43 | | United Breweries | 320.05 | 14.34 | | Phoenix Mills | 157.80 | 14.06 | | Losers | | Maytas Infra | 442.95 | -10.38 | | Tata Power | 1,049.30 | -6.91 | | Shree Precoated | 94.00 | -6.61 | | TCS | 802.75 | -6.49 | | Tech Mahindra | 706.45 | -6.23 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,258 | 476 | | Declines | 1,458 | 731 | | Unchanged | 67 | 22 | | Volume(Nos) | 41.85cr | 77.08cr | | | | | | Market Commentary | | | Market fails to remain above 15,000 | | Sensex touched an intra-day high of 15,130 during the early morning session but wiped out all its early gains and closed at 14,777, down 165 points. | | The market lost its initial grip and suffered heavy losses on late selling in metal, information technology, consumer durables and several other major counters. | 
| | | Sensex opened firm at 15,082 and rallied sharply by mid-morning to touch an intra-day high of 15,130. However, profit booking in heavyweights saw the key indices come off their early highs. The market finally gave in to profit booking and Sensex slipped into the red in the afternoon. The Sensex touched the intra-day low of 14,608 towards the close and finally ended the session at 14,777, down 165 points, while Nifty closed the session at 4,434, down 43 points. | | | Movers & Shakers | - Rolta India slipped despite recommending a dividend of Rs3.00 per share for the year ended June 30, 2008.
- United Phosphorus surged on the report that the company has approved bonus issue of equity shares.
- Vision Corporation rallied sharply on report that the company has launched the music of the movie “The hero—Abhimanyu”.
| | | |
The market breadth was weak. Of the 2,783 stocks traded on the BSE, 1,458 stocks declined, 1,258 stocks advanced and 67 stocks ended unchanged. The sectoral indices were largely weak. The BSE Metal index lost 2.86%, the BSE IT index declined by 2.77%, the BSE Teck shed 2.49% and the BSE CD shed 2.34%. However, the BSE Oil & Gas index rose 1.51% and the BSE Realty, BSE Auto and BSE PSU indexes closed with marginal gains.
Several heavyweights slipped on late selling pressure. Among metal stocks, SH Precoated slipped 6.61% at Rs94, Jindal Steel tumbled by 6.11% at Rs1,975.45 and Tata Steel dropped 5.40% at Rs631. Among the other major losers, Tata Consultancy Services slumped 6.49% at Rs6.49, Reliance Communications lost 4.52% at Rs493, State Bank of India slipped by 4.24% at Rs1,478.35, Bharat Heavy Electricals Ltd dipped 2.71% at Rs1,723.95 and National Thermal Power Corporation (NTPC) shed 2.55% at Rs185.40. Select counters, however, ended in the green. Oil and Natural Gas Corporation (ONGC) gained 3.25% at Rs1,027.25, DLF advanced by 2.35% at Rs507.20, Reliance Industries surged 1.81% at Rs2,306.55, Maruti Suzuki India soared 1.80% at Rs617.90 and Reliance Infra added 1.23% at Rs1,027 while HDFC Bank, Tata Motors and Ranbaxy Laboratories gained marginally.
Oil stocks however held ground and ended at higher levels. Reliance Natural Resources flared up by 9.47% at Rs98.80, BPCL added 3.25% at Rs316.20, Cairn advanced by 1.84% at Rs224.30 and Indian Oil Corporation (IOC) gained 0.90% at Rs404.15.
Over 7.29 crore Reliance Natural Resources shares changed hands on the BSE followed by Chambal Fertiliser (1.94 crore shares), Nagarjuna Fertilisers (1.84 crore shares), Reliance Power (1.77 crore shares), IFCI (1.73 crore shares), Reliance Petroleum (1.24 crore shares) and Ispat Industries (1.11 crore shares).
In value terms, Reliance Natural Resources registered a turnover of Rs718 crore on the BSE followed by Reliance Capital (Rs606 crore), Reliance Power (Rs318 crore), Reliance Industries (Rs283 crore) and Reliance Infra (Rs218 crore).
| | | | | | | | European Indices at 16:15 IST on 24-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5424.40 | -25.50 | -0.47 | | CAC 40 Index | 4361.94 | -46.80 | -1.06 | | DAX Index | 6475.46 | -60.63 | -0.93 | | | | | | | | | | | Asian Indices at close on 24-07-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 13603.31 | 290.38 | 2.18 | | Hang Seng Index | 23087.72 | -46.83 | -0.20 | | Kospi Index | 1626.14 | 34.38 | 2.16 | | Straits Times Index | 2977.91 | -1.07 | -0.04 | | Jakarta Composite Index | 2257.05 | 31.12 | 1.40 | | | | | | | | 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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