| | | Index Performance | | Index | Sensex | Nifty | | Open | 13,127.86 | 3,861.85 | | High | 13,160.15 | 3,861.85 | | Low | 13,030.87 | 3,811.25 | | Today's Cls | 13,113.81 | 3,829.85 | | Prev Cls | 13,183.24 | 3,862.65 | | Change | -69.43 | -32.80 | | % Change | -0.53 | -0.85 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Parsvnath Developers | 284.45 | 7.87 | | Apollo Hospitals | 532.35 | 6.09 | | Rolta India | 351.65 | 4.84 | | GE Shipping | 228.20 | 4.15 | | Jet Airways | 628.65 | 3.24 | | Losers | | Power Finance | 105.45 | -4.53 | | Jindal Steel | 2,500.65 | -4.01 | | Zee Enter | 253.35 | -4.00 | | Indian Bank | 90.55 | -3.67 | | Geometric Software | 115.50 | -3.19 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,090 | 549 | | Declines | 1,466 | 871 | | Unchanged | 74 | 30 | | Volume(Nos) | 19.92cr | 32.61cr | | | | | | Market Commentary | | | Sensex sheds 69 points | | The Sensex slipped on the weakness in global indices and selling in several heavyweight and metal stocks. | | In line with the weakness in the global indices the domestic market slipped in early trades, as the investors were cautious ahead of the | | | | announcement of key results. The Sensex opened with a negative gap of 55 points at 13128. The index tumbled 152 points in early trades on heavy selling in banking and auto stocks. The market managed to pare some losses as buying emerged at lower levels but remained in negative territory. The market steadily lost momentum as the trading session progressed and slipped on selling in heavyweight, metal, banking, fast moving consumer goods and public sector unit stocks. The Sensex finally ended the session with losses of 69 points at 13114, while the Nifty shed 33 points and closed at 3830. | | | Movers & Shakers | - Financial Technologies slipped despite reports that its group company Riskraft Consulting has bagged a contract from Financial Services Commission to implement a risk-based supervision system for its regulated entities.
- Satyam Computer gained on reports that it will partner iTKO to establish a service-oriented architecture testing practice within QEdge.
- IOL Broadband closed in the red despite launching its e-Learning initiative via interactive broadband services.
- Gail closed with losses despite reports that the company has signed a memorandum of understanding with IOC for a joint venture for city gas distribution projects in West Bengal.
- Lupin gained marginally on receiving the US FDA approval for Suprax Cefixime for oral suspension 200mg/5ml.
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The market breadth was weak. Of the 2,630 stocks traded on the BSE, 1,090 stocks advanced, 1,466 stocks declined and 74 stocks ended unchanged. Most of the sectoral indices ended in the red. The BSE Metal Index led the slump and closed weaker by 2.24% at 9122 followed by the BSE PSU Index (down 1.31% at 6023), the BSE FMCG Index (down 1.28% at 1788) and the BSE Bankex (down 1.26% at 6470).
Among the Sensex stocks nine stocks advanced and 21 stocks declined during the day. ONGC slumped 3.13% at Rs853, Tata Steel shed 3.11% at Rs496, Ranbaxy declined 2.94% at Rs335, HDFC lost 2.92% at Rs1,537, Maruti Udyog shed 2.86% at Rs760, ITC fell 2.74% at Rs156, HDFC Bank slipped 2.26% at Rs958, Hero Honda plunged 1.89% at Rs629 and Tata Motors was down 1.63% at Rs710. Among the select gainers Bajaj Auto added 3.03% at Rs2,349, Infosys advanced 2.57% at Rs2,044 and Grasim gained 1.70% at Rs2,259.
Among the metal stocks Sesa Goa tanked 4.94% at Rs1,663, Jindal Steel slumped 4.01% at Rs2,501, Tata Steel dropped 3.11% at Rs496, Hindustan Zinc shed 2.54% at Rs684 and Nalco was down 2.29% at Rs241.
IFCI was the most actively traded counter with volumes of over two crore shares on the BSE followed by Orbit Corporation (1.44 crore shares), Reliance Natural Resources (53.53 lakh shares), Gremach Infrastructure (39.88 lakh shares) and Idea Cellular (39.57 lakh shares).
Value-wise Orbit Corporation clocked a turnover of Rs185 crore on the BSE followed by India Bulls Real Estate (Rs115 crore), Tata Steel (Rs112 crore), Mind Tree (Rs91 crore) and India Bulls (Rs90 crore).
| | | | | | | | European Indices at 16:25 IST on 12-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6389.60 | -23.70 | -0.37 | | CAC 40 Index | 5715.69 | -36.23 | -0.63 | | DAX Index | 7122.05 | -30.78 | -0.43 | | | | | | | | | | | Asian Indices at close on 12-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17540.42 | -129.65 | -0.73 | | Hang Seng | 20380.21 | -69.22 | -0.53 | | Kospi Index | 1525.61 | 12.19 | 0.81 | | Straits Times Index | 3372.69 | -47.93 | -1.40 | | Jakarta Composite Index | 1930.40 | -0.65 | -0.03 | | | | | | | | | | | | “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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