| | | Index Performance | | Index | Sensex | Nifty | | Open | 13,221.76 | 3,848.35 | | High | 13,294.90 | 3,876.35 | | Low | 13,161.21 | 3,844.75 | | Today's Cls | 13,183.24 | 3,862.65 | | Prev Cls | 13,189.54 | 3,848.15 | | Change | -6.30 | 14.50 | | % Change | -0.05 | 0.38 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Geometric Software | 119.30 | 16.28 | | Welspun Gujarat | 116.90 | 12.08 | | Suzlon Energy | 1,059.15 | 7.10 | | NALCO | 246.60 | 6.43 | | Punj Lloyd | 169.80 | 6.39 | | Losers | | Jet Airways | 608.90 | -5.57 | | UTI Bank | 467.65 | -4.41 | | iGate Global | 385.05 | -4.35 | | Ranbaxy | 345.30 | -3.49 | | Zee Entertainment | 261.60 | -3.13 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,532 | 847 | | Declines | 1,038 | 521 | | Unchanged | 63 | 34 | | Volume(Nos) | 23.50cr | 37.87cr | | | | | | Market Commentary | | | Sensex slips after a five-session rally | | After exhibiting range-bound moves in early trades the Sensex slipped on sustained selling thereafter and closed with marginal losses. | | Continuing its upward move for the sixth straight session the Sensex opened with a positive gap of 32 points at 13222 on the back of positive global cues. | | | | The Sensex touched the day's high of 13295 amid some volatility in the heavyweights. The index struggled to make headway in the afternoon. Sustained selling in banking, pharma and information technology stocks towards the close pulled down the Sensex to an intra-day low of 13161. The Sensex managed to pare some losses and ended the session at 13183, down six points. The Nifty closed at 3863, up 14 points. | | | Movers & Shakers | - Elecon Engineering rallied sharply on reports that the company has bagged a contract worth Rs229 crore from NTPC.
- Prime Focus gained on launching its fourth India facility at Chennai.
- Tanla Solutions slipped despite signing revenue sharing agreements for mobile payments and messaging with every Irish mobile operator.
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The breadth of the market was positive. Of the 2,633 stocks traded on the BSE, 1,532 stocks advanced, 1,038 stocks declined and 63 stocks ended unchanged. Among the sectoral indices the BSE Metal Index advanced by 3.68% at 9331 followed by the BSE CG Index (up 1.11% at 9342). However, the BSE Bankex, the BSE HC Index, the BSE IT Index, the BSE Teck Index and the BSE FMCG Index closed in negative territory.
Very few Sensex stocks moved up significantly. Hindalco surged 4.40% at Rs142, Tata Steel advanced 3.29% at Rs512, Bharti Airtel added 1.24% at Rs774, BHEL rose 1.22% at Rs2,493 and Cipla gained 1.07% at Rs236. ONGC, Bajaj Auto, ITC, Reliance Industries and NTPC closed with marginal gains. Among the laggards Ranbaxy tumbled 3.49% at Rs345, Dr Reddy's slipped 2.59% at Rs701, ACC was down 1.98% at Rs731 and HDFC dropped 1.55% at Rs1,583. Reliance Communications, Gujarat Ambuja, HDFC Bank, SBI and Satyam Computers ended with marginal losses.
Metal stocks were in the limelight. Shree Precoated soared 10% at Rs343, Nalco surged 6.43% at Rs247, Sterlite Industries added 5.70% at Rs506, Jindal Steel advanced 4.73% at Rs2,601 and SAIL gained 4.29% at Rs123. Maharashtra Seamless, Hindustan Zinc and Jindal Saw were up 3-4% each.
Over 1.31 crore Reliance Natural Resources shares changed hands on the BSE followed by IFCI (1.28 crore shares), Gremach Infrastructure (1.03 crore shares), India Bulls Real Estate (63.80 lakh shares) and SAIL (52.41 lakh shares).
Value-wise India Bulls Real Estate registered a turnover of Rs190 crore on the BSE followed by India Bulls (Rs171 crore), Mindtree (Rs136 crore), Tata Steel (Rs133 crore) and BHEL (Rs99 crore).
| | | | | | | | European Indices at 16:25 IST on 11-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6433.00 | 15.20 | 0.24 | | CAC 40 Index | 5786.60 | 20.33 | 0.35 | | DAX Index | 7192.80 | 26.13 | 0.36 | | | | | | | | | | | Asian Indices at close on 11-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17670.07 | 5.38 | 0.03 | | Hang Seng | 20449.43 | 101.56 | 0.50 | | Kospi Index | 1513.42 | 14.26 | 0.95 | | Straits Times Index | 3420.62 | -2.00 | -0.06 | | Jakarta Composite Index | 1931.04 | 5.57 | 0.29 | | | | | | | | | | | | “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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