| | | Index Performance | | Index | Sensex | Nifty | | Open | 14,219.25 | 4,182.00 | | High | 14,219.25 | 4,182.00 | | Low | 13,884.53 | 4,074.30 | | Today's Cls | 13,908.58 | 4,083.50 | | Prev Cls | 14,228.88 | 4,177.85 | | Change | -320.30 | -94.35 | | % Change | -2.25 | -2.26 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Motor Industries | 3,823.65 | 11.65 | | HCL Infosystems | 145.35 | 7.39 | | Bongaigaon Refinery | 47.20 | 4.66 | | Ballarpur Industries | 114.70 | 4.61 | | Crompton Greaves | 217.00 | 3.33 | | Losers | | Cipla | 217.10 | -14.27 | | Indian Bank | 114.65 | -6.45 | | India Cement | 176.10 | -4.24 | | Bharti Airtel | 826.25 | -4.15 | | SBI | 1,098.80 | -4.12 | | | Market Statistics | | - | BSE | NSE | | Advances | 804 | 440 | | Declines | 1,704 | 1,000 | | Unchanged | 65 | 27 | | Volume(Nos) | 21.65cr | 40.08cr | | | | | | Market Commentary | | | Market slips below 14000 | | Selling across-the-board on the weakness in the global markets saw the Sensex shed 320 points for the day. | | After yesterday's marginal gains the market began the trading session on a weak note tracking the mixed global indices. | | | | The Sensex opened with a negative gap of ten points at 14219 and slipped below 14000 on sustained selling in heavyweight, oil, banking and metal stocks. The market received a breather as the inflation for the week ended April 14 remained unchanged from the week ended April 7 and the Sensex regained the 14000 level. However, unabated selling in pharma, oil and metal stocks dragged the Sensex to the day's low of 13885. The Sensex finally closed with losses of 320 points at 13909 while the Nifty shed 94 points and closed at 4083. | | | Movers & Shakers | - Petron Engineering closed in the red despite reports that the company has received a Letter of Intent from Madras Cements worth Rs4.55 crore.
- Berger Paints gained on the news that it has entered into a joint venture agreement with Nippon Bee Chemical Co Ltd of Japan.
- GE Shipping slipped despite reports that it has taken delivery of its new building product tanker "Jag Pushpa".
- Lupin closed with marginal losses despite reports that the company and the Department of Science and Technology have joined hands for the clinical development of migraine and psoriasis projects.
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The broader market was extremely weak. Of the 2,573 stocks traded on the BSE, 1,704 stocks declined, 804 stocks advanced and 65 stocks ended unchanged. All the sectoral indices ended in negative territory. The BSE HC Index dropped 3.93% at 3696, the BSE Oil & Gas Index shed 3.04% at 7078, the BSE Bankex slipped 2.34% at 7087 and the BSE Metal Index was down 2.32% at 9726.
Among the major losers Cipla slumped 14.27% at Rs217, Bharti Airtel dipped (despite strong quarterly numbers) by 4.15% at Rs826, SBI declined 4.12% at Rs1,099, Tata Steel shed 4.07% at Rs538, Reliance Industries lost 3.67% at Rs1,538, ONGC declined 3.23% at Rs929 and ICICI Bank was down 3.15% at Rs934. However, Satyam Computer notched up gains of 1.52% at Rs467, Wipro rose 0.52% at Rs566 and NTPC added 0.25% at Rs159.
Pharma stocks came under sharp selling pressure. Glenmark Pharma tumbled 4.53% at Rs638, Sun Pharma slipped 3.25% at Rs1,036, Glaxo slumped 3.22% at Rs1,162, Matrix Labs fell 3.02% at Rs195, Orchid Chemicals lost 2.82% at Rs259, Aventis declined 2.51% at Rs1,235, Wockhardt shed 2.31% at Rs419 and Cadila was down 2.17% at Rs319.
Over 2.06 crore IFCI shares changed hands on the BSE followed by Tata Teleservices (1.02 crore shares), Cipla (66.62 lakh shares), Orbit Corporation (59.81 lakh shares) and Reliance Natural Resources (41.82 lakh shares).
Value-wise Reliance Industries registered a turnover of Rs187 crore on the BSE followed by Cipla (Rs144 crore), Indiabulls Real Estate (Rs115 crore), Orbit Corporation (Rs111 crore) and Bharti Airtel (Rs82 crore).
| | | | | | | | European Indices at 16:15 IST on 27-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6446.10 | -23.30 | -0.36 | | CAC 40 Index | 5942.11 | -2.33 | -0.04 | | DAX Index | 7384.41 | -2.61 | -0.04 | | | | | | | | | | | Asian Indices at close on 27-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17400.41 | -28.76 | -0.17 | | Hang Seng | 20526.50 | -140.79 | -0.68 | | Kospi Index | 1542.52 | -10.61 | -0.68 | | Straits Times Index | 3398.60 | -8.29 | -0.24 | | Jakarta Composite Index | 2019.68 | 3.64 | 0.18 | | | | | | | | | | | | “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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