| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,821.57 | 3,039.25 | | High | 9,838.38 | 3,040.00 | | Low | 9,643.56 | 2,957.05 | | Today's Cls | 9,686.75 | 2,968.65 | | Prev Cls | 9,928.35 | 3,039.30 | | Change | -241.60 | -70.65 | | % Change | -2.43 | -2.32 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | United Breweries | 108.20 | 5.00 | | Bajaj Finserv | 120.15 | 4.98 | | Jain Irrigation | 333.85 | 4.13 | | Bajaj Hindusthan | 62.70 | 4.07 | | MMTC | 21,790.00 | 3.35 | | Losers | | Satyam Computer | 140.40 | -13.55 | | IDFC | 58.45 | -12.57 | | JP Associates | 78.50 | -10.18 | | GMDC | 38.65 | -8.84 | | Jai Corp | 92.80 | -8.62 | | | Market Statistics | | - | BSE | NSE | | Advances | 725 | 214 | | Declines | 1,752 | 990 | | Unchanged | 82 | 32 | | Volume(Nos) | 29.07cr | 63.34cr | | | | | | Market Commentary | | | Consumer durable, realty stocks spoil the broth | | Led by heavy selling in consumer durable stocks Sensex dips by more than 242 points. | | Continuing the bearish streak, the market witnessed another round of frenzied selling with correction in index heavyweights with consumer durable and realty | 
| | | stocks shaving off over 280 points during intra-day trades. After resuming 106 points lower at 9,822, Sensex remained under sustained selling pressure. Extensive correction in heavyweight, consumer durable, realty, banking and capital goods stocks dragged the index below 9,700 mark to the day's low of 9,644. Sensex finally ended the session at 9,687, down 242 points, while the Nifty shed 71 points to close at 2,969.
Market breadth was negative with 1,752 declines and 725 advances. Eighty two stocks ended unchanged. All the sectoral indices posted losses for the day. BSE CD index slipped sharply by 5.81% followed by BSE Realty (down 4.84%), BSE Bankex (down 3.76%), BSE CG (down 3.61%), BSE CG (down 3.07%), BSE Metal (down 2.48%), BSE Auto (down 2.36%), BSE IT (down 2.29%) and BSE Oil (down 2.29%).
Of the 30 Sensex stocks, 29 stocks lost ground whereas only one managed to end with steady gains. Among major losers, Satyam Computer Services slumped 13.55% at Rs140.40, JP Associates plummeted 10.18% at Rs78.50, Tata Motors tumbled 7.04% at Rs174.85, Sterlite Industries shed 6% at Rs263.80, Mahindra & Mahindra crashed 5.33% at Rs290.25, Larsen & Toubro dropped 4.89% at Rs774.85, DLF lost 4.40% at Rs301.85 and ICICI Bank declined nearly 4.32% at Rs426.80. Hindalco Industries, HDFC Bank, Ranbaxy Laboratories, Oil and Natural Gas Corporation, Maruti Suzuki India, Bharat Heavy Electrical Ltd, Reliance Infrastructure, Tata Consultancy Services, Reliance Industries, Hindustan Unilever, Tata Steel and Wipro fell over 1-3% each. However Reliance Communications gained 1.24% at Rs216.15.
Consumer durable stocks suffered sharp hammering. Titan Industries crumbled 7.68% at Rs932.65, Videocon Industries slumped 5.53% at Rs123, Rajesh Exports dropped 4.41% at Rs26 and Blue Star declined by 3.29% at Rs152.80.
Over 3.16 crore shares of Unitech changed hands on BSE followed by Suzlon Energy (1.85 crore shares), Reliance Natural Resources (1.67 crore shares), Satyam Computer Services (1.47 crore shares) and HDIL (1.36 crore shares). | | | | | | | | European Indices at 16:00 IST on 23-12-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4288.70 | 39.54 | 0.93 | | CAC 40 Index | 3174.01 | 22.65 | 0.72 | | DAX Index | 4654.45 | 15.43 | 0.33 | | | | | | | | | | | Asian Indices at close on 23-12-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8723.78 | - | - | | Hang Seng Index | 14220.79 | -401.60 | -2.75 | | Kospi Index | 1144.31 | -35.30 | -2.99 | | Straits Times Index | 1724.54 | -21.09 | -1.21 | | Jakarta Composite Index | 1343.71 | -1.59 | -0.12 | | | | | | | | 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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