| | | | Index Performance | | Index | Sensex | Nifty | | Open | 10,284.90 | 3,333.85 | | High | 10,787.20 | 3,333.85 | | Low | 10,017.80 | 3,099.90 | | Today's Cls | 10,581.49 | 3,269.30 | | Prev Cls | 10,809.12 | 3,338.40 | | Change | -227.63 | -69.10 | | % Change | -2.11 | -2.07 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Chambal Fertilisers | 47.10 | 19.70 | | IB Securities | 23.85 | 9.91 | | Indiabulls Financial | 104.55 | 9.88 | | RCom | 258.90 | 9.80 | | Balrampur Chini | 55.70 | 9.22 | | Losers | | Educomp Solutions | 1,868.90 | -19.21 | | NALCO | 284.90 | -14.14 | | United Spirits | 673.70 | -12.25 | | Hindalco | 69.75 | -12.15 | | Tata Motors | 250.55 | -11.17 | | | Market Statistics | | - | BSE | NSE | | Advances | 833 | 376 | | Declines | 1,733 | 831 | | Unchanged | 57 | 35 | | Volume(Nos) | 29.51cr | 61.65cr | | | | | | Market Commentary | | | Eleventh-hour buying saves grace | | Across-the-board selling saw the Sensex slip below 10,200 mark, but selective buying towards the close enabled the index make up for the losses. | | Weak global cues and negative breadth in yesterday's trades led the market open at a lower today. The Sensex was 524 points down at the opening | 
| | | bell and remained subdued, as investors booked profits after the recent gains. Oil & Gas and capital goods (CG) stocks took the major beating, but realty stocks bucked the downtrend on gains in Unitech and Housing Development and Infrastructure (HDIL). The index capitulated under selling pressure by afternoon and slipped to the day's low of 10,018. While the market fluctuated sharply thereafter, firm bullish sentiment and strong buying in heavyweights and realty stocks in late trades helped the Sensex erase most of its losses. The Sensex finally ended the session by shedding 2.11% or 228 points at 10,581. Nifty slipped by 69 points at 3,269.
The market breadth was negative. Of the 2,623 stocks traded on the BSE, 1,733 stocks declined whereas 833 stocks advanced. Fifty seven stocks ended unchanged. Most of the sectoral indices ended in the red. The BSE Oil & Gas dropped 5.57% at 6,827 followed by BSE CG (down 5.23% at 7,665), BSE IT (down 3.99% at 2,669) and BSE Auto (down 3.43% at 3,196). However, BSE Realty gained 5.15% at 2,813 and BSE FMCG was up 1.73% at 1,903.
Heavyweights led the fall in the Sensex. Hindalco Industries slipped by 12.15% at Rs69.75, Tata Motors slumped by 11.17% at Rs250.55, Tata Consultancy Services shed 8.64% at Rs495.20, Grasim Industries lost 8.05% at Rs1,371.75, Reliance Industries was down 8.03% at Rs1,397.25 and Larsen & Toubro (L&T) tumbled by 7.55% at Rs825.75. Among the gainers Reliance Communications jumped 9.80% at Rs258.90, DLF gained 8.25% at Rs324.90, Hindustan Unilever soared 7.22% at Rs247.90, HDFC rose by 5.17% at Rs1,801.15 and the State Bank of India (SBI) was up 3.13% at Rs1,543.90, while JP Associates, Sterlite Industries, Bharti Airtel and ITC ended with modest gains.
Over 1.21 crore IFCI shares changed hands on the BSE followed by Chambal Fertilisers and Chemicals (1.16 crore shares), Reliance Natural Resources (1.07 crore shares) and Suzlon Energy (0.96 crore shares).
Reliance Industries registered a turnover of Rs418 crore on the BSE followed by Reliance Capital (Rs258 crore), ICICI Bank (Rs239 crore), SBI (Rs212 crore) and L&T (Rs170 crore). | | | | | | | | European Indices at 16:00 IST on 16-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 3962.10 | -117.49 | -2.88 | | CAC 40 Index | 3263.57 | -117.50 | -3.48 | | DAX Index | 4760.40 | -101.23 | -2.08 | | | | | | | | | | | Asian Indices at close on 16-10-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8458.45 | -1089.02 | -11.41 | | Hang Seng Index | 15230.52 | -767.78 | -4.80 | | Kospi Index | 1213.78 | -126.50 | -9.44 | | Straits Times Index | 1951.20 | -108.19 | -5.25 | | Jakarta Composite Index | 1463.25 | -57.15 | -3.76 | | | | | | | | 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.
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