| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,643.37 | 4,317.95 | | High | 14,672.69 | 4,398.80 | | Low | 14,416.20 | 4,317.95 | | Today's Cls | 14,450.35 | 4,335.35 | | Prev Cls | 14,401.49 | 4,327.45 | | Change | 48.86 | 7.90 | | % Change | 0.34 | 0.18 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Indian Bank | 124.00 | 7.50 | | Indiabulls Real Estate | 302.15 | 6.69 | | Akruti City | 825.70 | 6.48 | | Educomp Solutions | 3,356.10 | 5.03 | | Rei Agro | 1,349.05 | 5.00 | | Losers | | Phoenix Mills | 173.85 | -5.93 | | Suzlon Energy | 216.45 | -4.27 | | NMDC | 313.10 | -3.97 | | Adani Enterprises | 618.95 | -3.37 | | EIH | 150.15 | -3.13 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,347 | 589 | | Declines | 1,287 | 604 | | Unchanged | 88 | 48 | | Volume(Nos) | 19.68cr | 32.93cr | | | | | | Market Commentary | | | Profit taking trims gains | | The Sensex could not maintain its early highs due to selective profit taking and ends only 49 points higher. | | Even as major Asian indices like Nikkei (Japan), Hang Seng (Hong Kong), Straits Times (Singapore) and Kospi (Korea) clocked 1-2% gains, the Sensex failed to hold on to its early rally and closed | 
| | | way off its highs amid profit taking towards the closing hours. Riding on the back of Friday's buoyant close (157 points higher) and optimism in several international markets, the Sensex resumed 242 points higher (at 14,643) and advanced sharply on sustained buying support to scale above 14,650 and touch an intra-day high of 14,673 (271 points higher). After remaining above 14,500, around 100 points higher, for the entire first half, the Sensex came under the grip of profit taking and slipped below to touch the day's low of 14,416, only 15 points higher than its yesterday’s close. The Sensex finally ended the day only 49 points or 0.34% higher than its yesterday’s close, while the Nifty finished 8 points or 0.18% higher at 4,335. | | | Movers & Shakers | - Ram Informatics advanced on report that the company has received an order from the Department of Horticulture, Government of Andhra Pradesh.
- Gujarat Apollo Industries rose on recommending a bonus issue to its shareholders.
- Solar Explosives slipped despite receiving coal mining and selling rights for 80 million tonne in Chhattisgarh.
- Era Infra Engineering was marginally down, despite the report that the company has bagged a contract for the construction of industrial worker housing (1,892 dwelling units of type-I, type-III and single room dormitory).
| | | |
Among the frontliners, HDFC soared 3.39% at Rs2358, Mahindra & Mahindra rose 2.17% at Rs561, DLF added 2.04% at Rs493.80, Tata Motors jumped 2.04% at Rs434.30, Satyam Computer Services advanced 1.79% at Rs393.30 and ICICI Bank gained 1.76% at Rs655.85. However, Tata Power dropped 2.84% at Rs1,020.90 while Jai Prakash Associates declined 2.74% at Rs159.80 and Ranbaxy Laboratories lost 2.05% at Rs512.10.
The breadth of the market was marginally positive, as of the 2,722 stocks traded on the BSE where 49% or 1,347 stocks advanced, 47% 1,287 stocks declined. 88 stocks ended unchanged for the day.
On the sectoral front, 7 out of 13 sectoral indices ended with gains. The BSE Realty led the sectoral pack rising by 2% at 5,043, while the BSE Bankex was at No. 2, gaining 1.35% at 6,656.
Realty stocks continued to witness strong buying support. Indiabulls Real Estatae shot up by 6.69% at Rs302.15, Akruti City scaled up 6.48% at Rs825.70, Mahindra Life added 4.04% at Rs475 and DLF gained 2.32% at Rs495.20. Sobha Developers, Unitech, Orbit Corporation, Omaxe and Parsvnath posted marginal gains for the day.
Reliance Natural Resources saw a turnover of more than 1.19 crore shares on the BSE followed by Vishal Information Technologies (62.58 lakh shares), Kaashyap Technologies (58.48 lakh shares), Chambal Fertilisers & Chemicals (51.78 lakh shares) and Ispat Industries (50.78 lakh shares). | | | | | | | | European Indices at 16:00 IST on 25-08-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5505.60 | 135.40 | 2.52 | | CAC 40 Index | 4373.64 | -26.81 | -0.61 | | DAX Index | 6326.43 | -15.99 | -0.25 | | | | | | | | | | | Asian Indices at close on 25-08-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12878.66 | 212.62 | 1.68 | | Hang Seng Index | 21104.79 | 712.73 | 3.50 | | Kospi Index | 1502.11 | 5.20 | 0.35 | | Straits Times Index | 2733.45 | 10.15 | 0.37 | | Jakarta Composite Index | 2127.22 | 6.73 | 0.32 | | | | | | | | 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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