| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,638.83 | 2,919.85 | | High | 9,706.38 | 2,960.95 | | Low | 9,294.98 | 2,844.80 | | Today's Cls | 9,328.92 | 2,857.25 | | Prev Cls | 9,568.72 | 2,916.85 | | Change | -239.80 | -59.60 | | % Change | -2.51 | -2.04 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | RPL | 84.70 | 6.34 | | Bajaj Finserv | 132.45 | 4.99 | | Indiabulls Financial | 143.80 | 4.09 | | Jet Airways | 185.65 | 3.80 | | Piramal Healthcare | 236.95 | 2.80 | | Losers | | Rolta India | 109.45 | -10.18 | | IFCI | 20.05 | -8.45 | | Financial Technologies | 505.70 | -7.59 | | Welspun Gujarat | 101.30 | -6.42 | | Punj Lloyd | 142.10 | -6.24 | | | Market Statistics | | - | BSE | NSE | | Advances | 866 | 349 | | Declines | 1,597 | 828 | | Unchanged | 69 | 38 | | Volume(Nos) | 26.36cr | 52.71cr | | | | | | Market Commentary | | | Sensex plummets 240 points | | The market slipped from higher levels in the afternoon and shed 240 points at the close on across-the-board selling pressure. | | The market took a sharp dip after an initial surge and continued to move southwards thereafter as shares across sectors came under the grip of relentless selling pressure. | 
| | | The trading session witnessed extreme volatility. After a firm open at 9639, 70 points above its previous close of 9569, the index made significant strides on the back of extended buying and touched the day's high of 9706. However, the market failed to hold on to its gains and drifted into negative territory in the afternoon. Along with the selling in heavyweights, there was a major correction in IT, realty and CD stocks that dragged the index to an intra-day low of 9295. The Sensex finally closed the session with a loss of 240 points at 9329 while the Nifty tumbled by 60 points to 2857.
The breadth of the market was extremely negative: Of the 2,532 stocks traded on the BSE, 1,597 stocks declined, 866 stocks advanced and 69 stocks ended unchanged. Among the sectoral indices the BSE IT Index shed 3.92% followed by the BSE Realty Index (down 3.82%), the BSE CD Index (down 3.58%) and the BSE Bankex (down 2.99%).
Of the 30 stocks trading in the Sensex basket, only six managed to close in positive territory. Among the major losers Reliance Infra tumbled by 7.84% at Rs532.25, DLF plunged 6.40% at Rs275.15, ICICI Bank slumped 5.62% at Rs416, Infosys dropped 5.29% at Rs1,110, Mahindra & Mahindra shed 4.47% at Rs266, ONGC lost 4.37% at Rs641.10 and Hindalco declined by 4.25% at Rs48.45. The other front-line stocks were also down 1-3% each. Grasim, however, bucked the downtrend and rose 2.03% at Rs1,209 while Maruti at Rs512 and Ranbaxy at Rs219 were up around 1% each.
Over 2.04 crore Reliance Natural Resources shares changed hands on the BSE followed by RPL (1.72 crore shares), Unitech (1.54 crore shares), Unitech (1.39 crore shares) and Suzlon (1.39 crore shares). | | | | | | | | | | | Asian Indices at close on 26-12-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8739.52 | 140.02 | 1.63 | | Hang Seng Index | 14184.14 | - | - | | Kospi Index | 1117.86 | -10.65 | -0.94 | | Straits Times Index | 1725.61 | -11.38 | -0.66 | | Jakarta Composite Index | 1340.89 | 4.28 | 0.32 | | | | | | | | 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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