| | | | Index Performance | | Index | Sensex | Nifty | | Open | 8,970.67 | 2,682.75 | | High | 9,236.27 | 2,772.40 | | Low | 8,726.80 | 2,617.90 | | Today's Cls | 8,773.78 | 2,635.00 | | Prev Cls | 8,937.20 | 2,683.15 | | Change | -163.42 | -48.15 | | % Change | -1.83 | -1.79 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Jai Corp | 93.35 | 9.95 | | United Phosphorus | 94.30 | 8.14 | | Sintex Industries | 175.55 | 5.88 | | Jain Irrigation | 297.20 | 5.86 | | Zee Enter | 112.25 | 5.70 | | Losers | | Educomp Solutions | 1,928.65 | -17.68 | | Reliance Capital | 456.85 | -12.79 | | Aditya Birla Nuvo | 485.00 | -12.56 | | India Infoline | 38.80 | -10.08 | | GMR Infra | 53.40 | -9.41 | | | Market Statistics | | - | BSE | NSE | | Advances | 778 | 295 | | Declines | 1,718 | 892 | | Unchanged | 77 | 41 | | Volume(Nos) | 24.06cr | 51.28cr | | | | | | Market Commentary | | | Losing spree continues | | After witnessing a 510-point intra-day swing, the Sensex closes 163 points lower. | | The market saw high volatility during the day, as stocks gyrated between either sides of the zone throughout the session, with the Sensex witnessing an intra-day swing of 510 points. | 
| | | The market opened higher, buoyed by overnight gains in the US markets. But the index pared early gains as investor sentiments turned cautious, as the Sensex neared its intra-day high of 9,236. Thereafter, sustained selling in frontline, capital goods 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 8,727. The Sensex finally closed the session at 8,774, down 163 points. Nifty ended the day at 2,635, down 48 points.
Market breadth was negative. Of the 2,573 stocks traded on BSE 1,718 stocks declined, while 778 stocks advanced. Seventy seven stocks ended unchanged. Of the 13 sectoral indices, BSE CG index shed 3.47%, BSE Bankex declined 2.86% and BSE Power was down 2.68%. However, BSE FMCG, BSE Auto and BSE CD index closed in the green.
Sustained selling led the index pare its gains. JP Associates lost 1.83% at Rs63.80, Hindalco Industries declined 5.19% at Rs50.20 and Reliance Communications lost 5.15% at Rs198.80. Grasim Industries, Larsen & Toubro, Reliance Infrastructure, HDFC, ICICI Bank, Satyam Computer Services and Bharat Heavy Electricals Ltd closed with a loss of 3-4% each. However, ITC, Ranbaxy Laboratories, Mahindra & Mahindra, Maruti Suzuki India and DLF closed with marginal gains.
Over 1.64 crore shares of Suzlon Energy changed hands on BSE followed by GVK Power & Infrastructure (1.10 crore shares), Reliance Natural Resources Ltd (90.59 lakh shares), SAIL (59.73 lakh shares) and Reliance Capital (58.40 lakh shares). | | | | | | | | European Indices at 16:00 IST on 19-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4130.98 | -77.57 | -1.84 | | CAC 40 Index | 3177.29 | -40.11 | -1.25 | | DAX Index | 4519.74 | -59.73 | -1.30 | | | | | | | | | | | Asian Indices at close on 19-11-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8273.22 | -55.19 | -0.66 | | Hang Seng Index | 12815.80 | -100.09 | -0.77 | | Kospi Index | 1016.82 | -19.34 | -1.87 | | Straits Times Index | 1665.59 | -26.96 | -1.59 | | Jakarta Composite Index | 1180.35 | -9.50 | -0.80 | | | | | | | | 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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