| | | Index Performance | | Index | Sensex | Nifty | | Open | 12,655.94 | 3,644.90 | | High | 12,789.81 | 3,711.05 | | Low | 12,510.75 | 3,630.55 | | Today's Cls | 1,2543.85 | 3,643.60 | | Prev Cls | 12,529.62 | 3,641.10 | | Change | 14.23 | 2.50 | | % Change | 0.11 | 0.07 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | CMC | 1309.45 | 6.44 | | Orchid Chemicals | 243.35 | 4.87 | | Dr Reddy's Lab | 674.90 | 4.43 | | TVS Motors | 61.50 | 4.33 | | Ipca Lab | 590.00 | 4.26 | | Losers | | Colgate Palmolive | 304.25 | -4.11 | | Corporation Bank | 216.85 | -3.77 | | Canara Bank | 183.25 | -3.76 | | Nirma | 167.45 | -3.38 | | IndoRama Synthetic | 54.10 | -3.05 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,474 | 601 | | Declines | 1,090 | 417 | | Unchanged | 73 | 29 | | Volume(Nos) | 19.28cr | 32.27cr | | | | | | Market Commentary | | | Market ends flat | | The market bounced back on global recovery but ends flat by shedding nearly 250 points from the day's high. | | The market saw an impressive pull-back in line with its Asian peers in the morning trades. After yesterday's massacre, the market resumed on a very | | | strong note with a gap of 126 points at 12656. The recovery was led by the information technology and banking stocks, which had taken heavy beating yesterday but gained over 2% today. While the action in several counters held the market firm above the 12650 levels in the first half of the trading session, the index notched up further gains in the afternoon to touch the day's high of 12790. However, the index eased on profit taking and the weakness in select heavyweight, auto and banking stocks dragged the index down to touch an intra-day low of 12510 towards the close. Finally, the Sensex ended the session at 12544 with gains of 14 points, while the Nifty added two points to close at 3639.
The breadth of the market was positive. Of the 2,637 stocks traded on the BSE, 1,474 stocks advanced, 1,090 stocks declined and 73 stocks ended unchanged. Among the sectoral indices, the BSE IT index rose by 1.88% followed by the BSE FMCG index (up 1.74%), the BSE Metal index (up 1.34%) and the BSE Teck index (up 1.02%) while the BSE Bankex index slipped 1.23%.
Heavyweights led the upsurge in the market. Among the other major gainers Dr Reddy's shot up by 4.43% at Rs675, ITC increased by 3.15% at Rs147, Infosys moved up by 2.93% at Rs2,078, Hindalco jumped 2.11% at Rs131, TCS gained 1.87% at Rs1,236 and NTPC moved up by 1.19% at Rs141. Select counters, however, finished on a weak note. SBI shed 2.70% at Rs922, HDFC dropped 2.67% at Rs1514, Tata Motors declined by 2.59% at Rs726 and ACC lost 2.13% at Rs732. | | | Movers & Shakers | - L&T gained marginally on receipt of an EPC contract worth Rs1,400 crore from Rashtriya Ispat Nigam.
- Leading carmaker Maruti Udyog moved up despite raising the prices of its cars by Rs258-1,017 across models and cities.
- Kirloskar Brothers scaled up on receiving an order worth Rs344 crore from the state government of Andhra Pradesh.
- GE Shipping flared up on taking delivery of a 1994-built Panamax dry bulk carrier, "Jag Akshay".
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IT scrips rallied sharply. Mphasis surged by 2.44% at Rs279, Tech Mahindra jumped by 1.37% at Rs1,454 and I-flex Solutions added 1.20% at Rs1,850. The banking stocks bore the brunt of the bears today. Canara Bank lost 3.76% at Rs183, SBI tumbled 2.70% at Rs922, BOI slipped 2.11% at Rs137, UTI Bank was down 1.83% at Rs469 and Bank of Baroda dipped 1.68% at Rs196.
Volume-wise, over 1.48 crore Idea Cellular shares changed hands on the BSE followed by Reliance Communication (30.88 lakh shares), India Cements (28.90 lakh shares), ITC (20.68 lakh shares) and Parsvanath Developers (18.04 lakh shares).
Value-wise, Reliance Industries registered a turnover of Rs148 crore on the BSE followed by Idea Cellular (Rs136 crore), Reliance Communication (Rs123 crore), Infosys (Rs74 crore) and Satyam (Rs74 crore).
| | | | | | | | European Indices at 17:10 IST on 15-03-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6109.90 | 109.20 | 1.82 | | CAC 40 Index | 5377.98 | 81.76 | 1.54 | | DAX Index | 6568.60 | 120.90 | 1.88 | | | | | | | | | | | Asian Indices at close on 15-03-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16860.39 | 183.50 | 1.10 | | Hang Seng Index | 18969.44 | 132.51 | 0.70 | | Kospi Index | 1426.93 | 19.56 | 1.39 | | Straits Times Index | 3094.60 | 41.39 | 1.36 | | Jakarta Composite Index | 1776.36 | 14.08 | 0.80 | | | | | | | | | | | | “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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