| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,683.75 | 2,937.90 | | High | 9,926.60 | 2,975.20 | | Low | 9,376.73 | 2,794.95 | | Today's Cls | 9,536.33 | 2,848.45 | | Prev Cls | 9,839.69 | 2,938.65 | | Change | -303.36 | -90.20 | | % Change | -3.08 | -3.07 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | TTML | 17.99 | 7.60 | | Max India | 131.60 | 6.47 | | HPCL | 211.90 | 5.79 | | Glenmark Pharma | 333.15 | 5.51 | | Indian Oil Corporation | 374.40 | 4.20 | | Losers | | Indiabulls Real Estate | 112.60 | -13.82 | | Aban Offshore | 882.95 | -9.36 | | JP Associates | 77.10 | -9.13 | | Welspun Gujarat | 106.60 | -8.81 | | Thermax | 280.00 | -8.69 | | | Market Statistics | | - | BSE | NSE | | Advances | 818 | 294 | | Declines | 1,701 | 891 | | Unchanged | 76 | 50 | | Volume(Nos) | 28.36cr | 61.20cr | | | | | | Market Commentary | | | Market losses in second half | | After witnessing an intra-day swing of 551 points, the Sensex witnesses heavy selling pressure in the second half of the session to end 303 points lower. | | The market saw high volatility during the day, as stocks gyrated between the either sides of the zones throughout the session with the Sensex witnessing an intra-day swing of 551 | 
| | | points. The market opened lower on overnight loss in the US markets, but pared early losses as investors' sentiment turned positive and touched the day’s high of 9,927, up 59 points. Thereafter, sustained selling in frontline, realty and banking stocks saw the Sensex enter into negative territory. After displaying some range-bound moves, the market plunged deep into the red on heavy selling towards the close to touch the day's low of 9,377. The Sensex finally closed the session at 9,536, down 303 points. Nifty had a close at 2,848, down 90 points.
The breadth of the market was negative. Of the 2,595 stocks traded on the BSE, 1,701 stocks declined, whereas 818 stocks advanced. Seventy six stocks ended unchanged. Among the sectoral indices BSE Realty shed 7.34%, BSE Bankex fell 4.38% and BSE Metal was down 3.67%. The remaining indices were 1-3% down.
Selling was evident in select heavyweights. JP Associates dropped 9.13% at Rs77.10, DLF declined 8.61% at Rs244.60, ICICI Bank tumbled 8.35% at Rs397.90, Reliance Infrastructure shed 6.53% at Rs540.70, Hindalco Industries dipped 5.75% at Rs56.55, Hindustan Unilever was down 4.79% at Rs234.65 and Sterlite Industries shed 4.57% at Rs237.05.
Over 1.74 crore shares of Tata Teleservices changed hands on the BSE followed by Suzlon Energy (1.73 crore shares), GVK Power and Infrastructure (1.60 crore shares), JP Associates (87 lakh shares) and Reliance Natural Resources (86 lakh shares). | | | | | | | | European Indices at 16:00 IST on 12-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4240.17 | -6.52 | -0.15 | | CAC 40 Index | 3332.12 | -4.29 | -0.13 | | DAX Index | 4755.48 | -6.10 | -0.13 | | | | | | | | | | | Asian Indices at close on 12-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8695.51 | -113.79 | -1.29 | | Hang Seng Index | 13939.09 | -101.81 | -0.73 | | Kospi Index | 1123.86 | -4.87 | -0.43 | | Straits Times Index | 1784.01 | 22.95 | -1.27 | | Jakarta Composite Index | 1326.62 | -9.93 | -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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