| | | | Index Performance | | Index | Sensex | Nifty | | Open | 13,109.96 | 3,990.20 | | High | 13,113.53 | 3,997.55 | | Low | 12,402.84 | 3,777.30 | | Today's Cls | 12,595.75 | 3,850.05 | | Prev Cls | 13,102.18 | 3,985.25 | | Change | -506.43 | -135.20 | | % Change | -3.87 | -3.39 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Power Finance | 126.05 | 3.49 | | Nestle | 1,689.85 | 3.05 | | IRB Infra | 119.15 | 2.54 | | BPCL | 341.40 | 1.50 | | CESC | 281.85 | 1.18 | | Losers | | HDIL | 166.05 | -13.72 | | United Breweries | 200.75 | -13.69 | | IB Securities | 38.45 | -13.30 | | Financial Technologies | 1,071.35 | -12.58 | | Bajaj Hindusthan | 104.80 | -12.34 | | | Market Statistics | | - | BSE | NSE | | Advances | 357 | 113 | | Declines | 2,287 | 1,113 | | Unchanged | 41 | 20 | | Volume(Nos) | 27.45cr | 55.45cr | | | | | | Market Commentary | | | Battered and bruised | | Weakness in metal, oil, and realty stocks took a heavy toll on the market and the Sensex shed 3.87% at close. | | The market’s southbound journey continued, as slump in global indices and concerns of a possible recession in the USA made the investors edgy, triggering a major sell- | 
| | | off. The Sensex started the day on a positive note at 13,109, up seven points and hovered above its last close of 18,114 till the early morning trades. However, a strong bout of selling in afternoon saw the Sensex amass losses of 700 points to touch the day's low of 12,403. The Sensex dropped 3.87% and was down 506 points for the day at 12,596. The Nifty shed 3.39% and was down 135 points at 3,850.
All the 13 sectoral indices were mauled by 1-6% each. The BSE Bankex was the major loser and crashed by 6.02%, followed by the BSE CD (down 5.68%), BSE IT (down 5.47%), BSE Realty (down 5.26%), BSE Power (down 5.22%) and BSE Teck (down 5.13%). The second-rung benchmark indices--BSE mid-cap and BSE small-cap tanked by over 3-4% each.
The market breadth was negative. Of the 2,685 stocks traded on the BSE, 2,287 stocks declined, while only 357 stocks advanced. Fourty one stocks ended unchanged. Except Hindustan Unilever Ltd (HUL), the other 29 stocks that makes the Sensex ended lower. Among the major losers, ICICI Bank crashed by 13.23% at Rs487, Jaiprakash Associates plunged by 11.77% at Rs106.80, Satyam Computer Services slumped 9.30% at Rs292, Tata Consultancy Services crumbled 8.86% at Rs616.55. Tata Power plummeted by 6.75% at Rs920.05, Mahindra & Mahindra dropped 6.69% at Rs495, Reliance Infrastructure shed 6.43% at Rs795 and Reliance Communications tanked 6% at Rs257. Other heavyweights also came under sustained selling pressure and lost 2-5% each. However, HUL gained 0.79% at Rs254.50.
Over 1.41 crore shares of Reliance Natural Resources changed hands on the BSE followed by IFCI (0.89 crore shares), Chambal Fertlisers & Chemicals (0.71 crore shares), Jaiprakash Associates (0.63 crore shares) and ICICI Bank (0.58 crore shares).
In value terms, Reliance Capital registered a turnover of Rs309 crore on the BSE followed by Reliance Industries (Rs299 crore), ICICI Bank (Rs295 crore), Axis Bank (Rs157 crore) and Larsen & Toubro (Rs134 crore). | | | | | | | | European Indices at 16:45 IST on 29-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4917.69 | -170.78 | -3.36 | | CAC 40 Index | 4036.29 | -127.09 | -3.05 | | DAX Index | 5892.05 | -171.45 | -2.83 | | | | | | | | | | | Asian Indices at close on 29-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 11743.61 | -149.55 | -1.26 | | Hang Seng Index | 17880.68 | -801.41 | -4.29 | | Kospi Index | 1456.36 | -19.97 | -1.35 | | Straits Times Index | 2361.34 | -50.12 | -2.08 | | Jakarta Composite Index | 1832.50 | -13.58 | -0.74 | | | | | | | | 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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