| | | | Index Performance | | Index | Sensex | Nifty | | Open | 12,068.11 | 3,606.95 | | High | 12,181.43 | 3,732.65 | | Low | 11,501.85 | 3,537.00 | | Today's Cls | 11,695.24 | 3,606.60 | | Prev Cls | 11,801.70 | 3,602.35 | | Change | -106.46 | 4.25 | | % Change | -0.90 | 0.12 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Phoenix Mills | 136.30 | 14.06 | | NALCO | 359.25 | 7.51 | | Lanco Infra | 174.45 | 5.95 | | Blue Star | 268.70 | 5.29 | | SAIL | 114.50 | 4.71 | | Losers | | Bombay Dyeing | 252.00 | -16.32 | | GVK Power | 16.85 | -15.33 | | IRB Infra | 99.75 | -14.41 | | Welspun Gujarat | 193.05 | -12.17 | | Rolta India | 181.10 | -11.25 | | | Market Statistics | | - | BSE | NSE | | Advances | 787 | 393 | | Declines | 1,822 | 1,094 | | Unchanged | 74 | 27 | | Volume(Nos) | 28.37cr | 57.72cr | | | | | | Market Commentary | | | In dilemma | | After gyrating 679 points during intra-day trades, the Sensex ended with marginal losses on selective buying. | | The market seemed to indecisive today. It moved up the back of CRR cut and lifting of curbs on P-notes announced by RBI yesterday and slid down on falling markets across the globe. | 
| | | The market displayed volatility and witnessed fluctuating trend during intra-day trades before selective buying towards the fag end saw the Sensex end with modest loss. Although the Sensex started on a firm note at 12,068, the market was choppy for a while before a strong bout of buying support lifted the index above the 12,150 mark to an intra-day high of 12,181. However, the gains faded by mid-morning trades on resumption of selling, with the index falling sharply in the afternoon to touch the day's low of 11,502. Sensex thereafter steadily erased its losses and finally ended the session with a loss of 106 points at 11,695, while Nifty added four points to close at 3,607.
The market breadth was extremely negative. Of the 2,683 stocks traded on the BSE, 1,822 stocks declined whereas 787 stocks advanced. Seventy four stocks ended unchanged. On sectoral front, the BSE Oil & Gas was the major gainer and moved up by 1.30% at 8,012, while BSE PSU and BSE Power were up around 0.50% each. However, the BSE CG, BSE IT, BSE Bankex, BSE FMCG and BSE FMCG were the main laggards. The remaining indices were marginally down.
Buying in select blue chips helped the index end in the positive territory. Among the gainers, NTPC gained nearly 4.27% at Rs175.90, Ranbaxy Laboratories added 3.88% at Rs256, BHEL jumped 3.26% at Rs1,496.70, Bharti Airtel jumped 2.66% at Rs749.05, Reliance Industries added 2.04% at Rs1,675.40 and Tata Steel moved up by 2.03% at Rs357.35. Reliance Infrastructure, Grasim Industries, Maruti Suzuki India, ONGC and Tata Motors ended with steady gains. Selling was witnessed in several frontline counters. Tata Consultancy Services shed 7.02% at Rs575.80, Larsen & Toubro dropped 6.94% at Rs1,008.10, Sterlite Industries declined 6.35% at Rs314.05, HDFC Bank fell by 6.17% at Rs1,127.70 and Mahindra & Mahindra lost 5.84% at Rs473 while Satyam Computer Services, Wipro, Tata Motors, ITC and State Bank of India ended with losses in the range of 1-4%.
Over 1.41 crore Reliance Natural Resouces shares changed hands on the BSE followed by Idea Cellular (1.18 crore shares), Chambal Fertilisers & Chemicals (1.02 crore shares), Reliance Petroleum (82.07 lakh shares) and IFCI (77.66 lakh shares). | | | | | | | | European Indices at 17:00 IST on 07-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4645.93 | 56.74 | 1.24 | | CAC 40 Index | 3783.63 | 71.65 | 1.93 | | DAX Index | 5410.09 | 23.08 | 0.43 | | | | | | | | | | | Asian Indices at close on 07-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 10155.90 | -317.19 | -3.03 | | Hang Seng Index | 16803.76 | - | - | | Kospi Index | 1366.10 | 7.35 | 0.54 | | Straits Times Index | 2177.55 | 9.23 | 0.43 | | Jakarta Composite Index | 1619.72 | -29.01 | -1.76 | | | | | | | | 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.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
