| | | | Index Performance | | Index | Sensex | Nifty | | Open | 8,900.78 | 2,777.40 | | High | 9,051.31 | 2,787.30 | | Low | 8,734.93 | 2,690.20 | | Today's Cls | 8,779.17 | 2,706.15 | | Prev Cls | 9,100.55 | 2,796.60 | | Change | -321.38 | -90.45 | | % Change | -3.53 | -3.23 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | HUL | 254.55 | 3.39 | | HCL Tech | 114.80 | 3.14 | | Phoenix Mills | 65.80 | 3.05 | | United Phosphorus | 103.50 | 2.99 | | Uco Bank | 28.85 | 2.67 | | Losers | | Educomp Solutions | 1,534.90 | -22.06 | | Divis Lab | 918.45 | -14.18 | | Neyveli Lignite | 78.90 | -9.36 | | Zee Enter | 110.05 | -9.35 | | Punj Lloyd | 100.75 | -8.78 | | | Market Statistics | | - | BSE | NSE | | Advances | 720 | 273 | | Declines | 1,669 | 904 | | Unchanged | 104 | 46 | | Volume(Nos) | 25.87cr | 56.34cr | | | | | | Market Commentary | | | Market slumps on global cues | | Steep fall in Asian markets triggers heavy selling that saw Sensex shed 321 points for the day. | | Sensex plunged in early trades on weak global markets. The sell-off saw Sensex close at 8,779, down 321 points. The market remained range-bound with a | 
| | | negative bias in the afternoon, while a few cement stocks stayed in the positive territory on moderate buying support. The key Asian benchmark index--Nikkei--closed with losses of 2.04%. The Hang Sang, the Straits Times and the Jakarta indices closed with losses of 2-3% each. This had a negative impact on the domestic market. Sensex finally ended the session at 8779, down 321 points, while Nifty shed 90 points to close at 2706.
All the sectoral indices were hammered on relentless selling pressure except the FMCG Index. BSE Metal dropped 4.07%, BSE Power lost 3.91% and BSE Bankex shed 3.91%. Other sectoral indices shed around 1-3% each.
The broader market was extremely weak. Of the 2,493 stocks traded on BSE, 1,669 stocks declined, 720 stocks advanced and 104 stocks ended unchanged. Except Satyam Computer Services, Hindustan Unilever and ITC all the stocks in Sensex basket ended in the red. Among major losers, Tata Power tanked 8.45% at Rs704.90, ICICI Bank tumbled 7.75% at Rs366.50, Sterlite Industries plunged 7.31% at Rs238.95, HDFC slumped 6.97% at Rs1379.95, Bharti Airtel fell 6.33% at Rs576.40, Reliance Energy shed 6.16% at Rs518, Ranbaxy Laboratories dropped 6.02% at Rs201.50, Reliance Industries slipped 5.87% at Rs1,113 and Grasim Industries was down 5.25% at Rs1,150. The other front-line stocks were down 2-4% each.
Satyam Computer Services witnessed volumes of over 3.86 crore shares on the BSE followed by Unitech (1.48 crore shares), Reliance Natural Resources (99 lakh shares), Suzlon Energy (97 lakh shares) and Cals Refineries (89 lakh shares). | | | | | | | | European Indices at 16:00 IST on 21-01-2009 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 4020.53 | -70.87 | -1.73 | | CAC 40 Index | 2859.27 | -66.01 | -2.28 | | DAX INDEX | 4166.14 | -73.76 | -1.74 | | | | | | | | | | | Asian Indices at close on 21-01-2009 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 7901.64 | -164.15 | -2.04 | | Hang Seng Index | 12583.63 | -376.14 | -2.90 | | Kospi Index | 1103.61 | -25.26 | -2.07 | | Straits Times Index | 1704.52 | -18.85 | -1.09 | | Jakarta Composite Index | 1321.45 | -22.70 | -1.69 | | | | | | | | 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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