| | | | Index Performance | | Index | Sensex | Nifty | | Open | 10,632.27 | 3,502.05 | | High | 10,904.13 | 3,502.05 | | Low | 10,239.76 | 3,198.95 | | Today's Cls | 10,527.85 | 3,279.95 | | Prev Cls | 11,328.36 | 3,513.65 | | Change | -800.51 | -233.70 | | % Change | -7.07 | -6.65 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Bajaj Holdings | 380.25 | -8.70 | | Ranbaxy | 292.40 | 4.71 | | Canara Bank | 173.05 | 3.87 | | Oriental Bank | 160.45 | 2.79 | | Aban Offshore | 1,111.00 | 2.68 | | Losers | | India Infoline | 57.60 | -25.00 | | Nagarjuna Construction | 53.70 | -24.31 | | Bajaj Hindusthan | 59.70 | -22.11 | | Welspun Gujarat | 140.05 | -21.80 | | Reliance Comm | 237.40 | -21.02 | | | Market Statistics | | - | BSE | NSE | | Advances | 382 | 119 | | Declines | 2,189 | 1,114 | | Unchanged | 48 | 11 | | Volume(Nos) | 32.09cr | 64.40cr | | | | | | Market Commentary | | | It is raining lows! | | Rate cuts and cash injections by central banks across the globe and CRR cut and better inflation reading back home fail to buck up domestic markets with Sensex losing 7.07%. | | The downward journey of the domestic stock market continued for the fifth straight session, as rate cuts by the seven central banks and cash injections by | 
| | | various governments failed to stem the fall in global indices. The Dow Jones Industrial Average-the benchmark index of the New York Stock Exchange- fell below 9,000 on Thursday, the first time since 2003. Asian markets and European markets were down 5–9%. The 30-stock Sensex of the BSE started the day on a bearish note at 10,632, around 696 points below its last close of 11,328. During mid-afternoon, the index accumulated losses of more than 1,050 points on across-the-board selling to touch the day's low of 10,240. The index however managed to erase its losses a bit and trade above 10,500 at the end of the session. After registering losses of 1,726 points in the last four sessions, the Sensex dropped 7.07% or 801 points to close at 10,528 today. The Nifty shed 234 points at 3,280.
All the 13 sectoral indices were mauled and each index declined by more than 4-11%. The BSE Realty was the major loser and crashed by 11.30% followed by BSE CD (down 10.11%), BSE Metal (down 9.25%), BSE CG (down 9.22%), BSE Power (down 8.80%) and BSE Bankex (down 7.84%). The BSE second-rung benchmark indices, the BSE mid-cap index and the BSE small-cap index tanked over 7-8% each.
The breadth of the market was heavily skewed in favour of losers. Of the 2,619 stocks traded on the BSE, 2,189 stocks declined whereas only 382 stocks advanced. Fourty eight stocks ended unchanged.
Except Ranbaxy Laboratories and State Bank of India, all the other 28 stocks in the Sensex basket ended lower. Among the major losers, Reliance Communications crashed 21.02% at Rs237.40, ICICI Bank plunged 19.71% at Rs364.10, Reliance Infrastructure slumped 19.26% at Rs515.30 and JP Associates crumbled 16.27% at Rs76.15. Tata Steel plummeted 14.99% at Rs287.50, Hindalco Industries dropped 11.18% at Rs80.65, HDFC shed 8.98% at Rs1719.20, DLF tanked 8.79% at Rs281.65, BHEL declined 8.28% at Rs1,345.85 and Larsen & Toubro lost 8.02% at Rs889.15. Other heavyweights also came under sustained selling pressure and lost around 5-7% each.
Realty stocks were battered the worst. Orbit Corporation tanked nearly 19.45% at Rs87.50, India Bulls Realestate plummeted 19.45% at Rs95.45, Mahindra Lifespace Developers slumped 17.49% at Rs211.55, Peninsula Land dropped 16.05% at Rs28.25, Anant Raj Industries lost 15.07% at Rs80 and Unitech slipped by 12.38% at Rs82.80. Akruti City, Omaxe, Parsvnath Developers and Phoenix Mills declined over 1-8% each.
Over 1.16 crore shares of ICICI Bank changed hands on the BSE followed by Reliance Natural Resources (0.94 crore shares), Apollo Tyres (0.85 crore shares), IFCI (0.85 crore shares) and JP Associates (0.83 crore shares). | | | | | | | | European Indices at 16:00 IST on 10-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 3987.98 | -325.82 | -7.55 | | CAC 40 Index | 3162.66 | -280.03 | -8.13 | | DAX Index | 4442.98 | -444.02 | -9.09 | | | | | | | | | | | Asian Indices at close on 10-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8276.43 | -881.06 | -9.62 | | Hang Seng Index | 14796.87 | -1146.37 | -7.19 | | Kospi Index | 1241.47 | -53.42 | -4.13 | | Straits Times Index | 1948.33 | -154.38 | -7.34 | | Jakarta Composite Index | 1451.66 | - | - | | | | | | | | 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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