| | | Index Performance | | Index | Sensex | Nifty | | Open | 13,345.73 | 3,863.45 | | High | 13,345.73 | 3,885.45 | | Low | 13,090.80 | 3,768.25 | | Today's Cls | 13,124.32 | 3,819.95 | | Prev Cls | 13,285.93 | 3,861.05 | | Change | -161.61 | -41.10 | | % Change | -1.22 | -1.06 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Balaji Telefilms | 123.45 | 4.62 | | Corporation Bank | 303.50 | 3.85 | | Dena Bank | 35.00 | 3.55 | | Godrej Consumer | 148.95 | 3.55 | | Thermax | 389.00 | 3.44 | | Losers | | Syndicate Bank | 65.40 | -4.94 | | LIC Housing Finance | 144.70 | -4.74 | | Tata Motors | 753.85 | -4.51 | | Birla Corporation | 189.95 | -4.45 | | CMC | 1,265.00 | -4.45 | | | Market Statistics | | - | BSE | NSE | | Advances | 843 | 435 | | Declines | 1,740 | 897 | | Unchanged | 60 | 38 | | Volume(Nos) | 20.05cr | 33.14cr | | | | | | Market Commentary | | | Market slips 162 points | | The Sensex shed over 1% on selling in select heavyweight, auto and banking stocks. | | The market continued to move down for the second consecutive session. The Sensex opened in positive territory on firm Asian markets and buying interest | | | | in cement, sugar and banking stocks. The sugar stocks moved up on reports that the government plans to give export incentives to mills that export the sweetener. However the Sensex slipped into negative territory on selling in front-line and auto stocks. A surge in the crude oil prices on rising global political tensions over Iran's nuclear programme kept the auto stocks in the red. The selling in banking, auto and information technology stocks dragged the Sensex to an intra-day low of 13091, down 195 points. The Sensex finally ended the session at 13124, down 162 points. The Nifty closed at 3820, down 41 points. | | | Movers & Shakers | - Punj Lloyd gained on reports that its subsidiary will construct 325 villas in Bahrain at a cost of Rs542 crore.
- Nagarjuna Construction Company closed in the red despite securing three orders worth Rs302 crore.
- Glenmark Pharmaceuticals rallied sharply on reports that its subsidiary has acquired a majority stake in Medicamenta.
- Godrej Consumer surged on reports that it has formed a joint venture with a Swedish company to manufacture & market sanitary napkins and baby diapers in India, Nepal and Bhutan.
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The breadth of the market was negative. Of the 2,643 stocks traded on the BSE, 1,740 stocks declined, 843 stocks advanced and 60 stocks ended unchanged. All the sectoral indices ended in the red. The BSE Auto Index was the biggest loser and shed 1.78% at 4950 followed by the BSE Bankex (down 1.98% at 6687) and the BSE IT Index (down 1.15% at 5009).
Among the laggards Tata Motors was down 4.51% at Rs754, HDFC Bank declined 3.58% at Rs976, Maruti Udyog shed 2.48% at Rs819, Wipro dropped 2.45% at Rs586, TCS lost 2.19% at Rs1,261 and Reliance Energy fell 2.16% at Rs476. However, select heavyweights attracted some buying support. Satyam Computers gained 1.73% at Rs472 and ONGC rose 1.18% at Rs853. Tata Steel and Reliance Communications ended with the marginal gains.
Select auto and auto ancillary stocks witnessed considerable selling pressure. Kirloskar Oil Engineers dropped 2.97% at Rs231, Sundaram Fastners lost 2.53% at Rs66, Apollo Tyres declined 1.85% at Rs265, Bharat Forge slipped 1.78% at Rs317 and Hero Honda was down 1.72% at Rs668.
Over 49.37 lakh Reliance Petroleum shares changed hands on the BSE followed by Reliance Communications (30.50 lakh shares), Idea Cellular (15.76 lakh shares), Cairn India (12.17 lakh shares) and ITC (11.78 lakh shares).
Reliance Communications topped the value list with a turnover of Rs130 crore on the BSE followed by Infosys (Rs53 crore), Reliance Industries (Rs51 crore), Century Textiles (Rs50 crore) and TCS (Rs41 crore).
| | | | | | | | European Indices at 16:32 IST on 26-03-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6345.30 | 5.90 | 0.09 | | CAC 40 Index | 5620.56 | -14.19 | -0.25 | | DAX Index | 6893.06 | -6.00 | -0.09 | | | | | | | | | | | Asian Indices at close on 26-03-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17521.96 | 41.35 | 0.24 | | Hang Seng Index | 19765.85 | 73.21 | 0.37 | | Kospi Index | 1449.77 | 2.39 | 0.17 | | Straits Times Index | 3204.55 | -1.27 | -0.04 | | Jakarta Composite Index | 1813.72 | 7.76 | 0.43 | | | | | | | | | | | | “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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