| | | | Index Performance | | Index | Sensex | Nifty | | Open | 19,255.39 | 5,730.25 | | High | 19,397.76 | 5,840.80 | | Low | 18,886.40 | 5,676.70 | | Today's Cls | 19,091.96 | 5,751.15 | | Prev Cls | 19,079.64 | 5,742.30 | | Change | 12.32 | 8.85 | | % Change | 0.06 | 0.15 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | VSNL | 714.25 | 17.17 | | Alok Industries | 92.15 | 10.96 | | Gillette India | 1,417.55 | 7.76 | | Ispat Industries | 85.60 | 5.22 | | Lupin | 629.50 | 4.96 | | Losers | | HCL Infosys | 240.40 | -9.23 | | Lanco Infra | 748.55 | -4.49 | | Jet Airways | 983.05 | -4.00 | | Moser Baer | 283.30 | -3.90 | | Gail India | 486.05 | -3.64 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,883 | 713 | | Declines | 1,030 | 471 | | Unchanged | 28 | 17 | | Volume(Nos) | 71.22cr | 84.29cr | | | | | | Market Commentary | | | Flat close | | Sensex lost over 300 points from the day's high and ended with marginal gain of 12 points at 19,092 on across-the-board selling. | | Market saw its initial profits evaporate as weak open in European markets triggered late selling in pharma, realty, oil & gas and several major counters. | | | | Yesterday, the European Central Bank pumped 350 billion euros in Europe’s money market as a part of coordinated attempt by the world’s central banks to restore confidence in global financial system. This caused domestic market open with a huge positive gap today. The Sensex opened firm at 19,255 but lost its grip and entered into the negative by afternoon. Across-the-board selling towards the close saw the Sensex plunge deep into the red to touch the day's low of 18,886. However, buying at lower levels helped the Sensex recover most of its losses and enter into the positive to end the session with a gain of 12 points at 19,092, while the Nifty added 9 points to close at 5,751. | | | Movers & Shakers | - Elder Pharmaceuticals gained on entering into a licensing agreement with Gnosis.
- VSNL rallied sharply after announcing its plans to construct a new TGN Eurasia cable system linking Mumbai directly to Paris, London and Madrid via Egypt.
- Gitanjali Gems moved up on signing a MoU with Mariella Bitrani Fashion Group, Italy.
- Subhash Projects & Marketing jumped on bagging order worth Rs137 crore for refurbishment of trunk sewerage system in Delhi.
| | | |
Breadth of the market was positive. Of the 2,941 stocks traded on the Bombay Stock Exchange (BSE) 1,883 stocks advanced, 1,030 stocks declined and 28 stocks remained unchanged. Among sectoral indices, BSE CD index gained 1.03%, while BSE FMCG index, BSE IT index, BSE Metal index, BSE Power index, BSE PSU index and the BSE Tech index closed with moderate gains. However, BSE Auto index, BSE CG index, BSE HC index, BSE Oil & gas index and BSE Realty index closed in the red.
Select heavyweights edged higher on decent buying support. Reliance Energy rose 4.12% at Rs1,883, ONGC jumped 2.65% at Rs1,181, ICICI Bank advanced 1.79% at Rs1,161, Infosys added 1.09% at Rs1,638, while TCS, Tata Steel, ITC, M&M, L&T and Ranbaxy closed with marginal gains. However, select front-line stocks came under selling pressure. ACC was the major loser and dropped 3.40% at Rs1,031. Among other draggers, HDFC declined 2.44% at Rs2,744, Maruti Suzuki dropped 2.39% at Rs995 and SBI shed 1.97% at Rs2,258.
Over 3.73 crore Ispat Industries shares changed hands on BSE followed by IKF Technologies (2.86 crore shares), GV Films (2.60 crore shares), Himachal Futuristic Communications (2.50 crore shares) and Kashyap Technologies (1.96 crore shares).
Valuewise, Ispat Industries registered a turnover of Rs316 crore on BSE followed by Jyoti Laboratories (Rs289 crore), Reliance Industries (Rs289 crore), IFCI (Rs188 crore) and Reliance Energy (Rs156 crore).
| | | | | | | | European Indices at 16:15 IST on 19-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6257.00 | -22.30 | -0.36 | | CAC 40 Index | 5476.38 | -32.99 | -0.60 | | DAX Index | 7801.66 | -49.08 | -0.63 | | | | | | | | | | | Asian Indices at close on 19-12-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 15030.51 | -177.35 | -1.17 | | Hang Seng | 27029.26 | 296.39 | 1.11 | | Straits Times | 3357.34 | -11.97 | -0.36 | | Jakarta Composite Index | 2657.98 | 11.75 | 0.44 | | | | | | | | 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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