| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,651.49 | 4,317.70 | | High | 15,029.53 | 4,368.60 | | Low | 14,592.11 | 4,226.35 | | Today's Cls | 14,993.04 | 4,359.30 | | Prev Cls | 14,919.19 | 4,320.70 | | Change | 73.85 | 38.60 | | % Change | 0.50 | 0.89 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Ispat Industries | 18.31 | 17.45 | | Tata Steel | 659.85 | 8.99 | | Abbott India | 571.30 | 8.56 | | Lanco Infra | 299.40 | 5.42 | | SAIL | 161.20 | 5.15 | | Losers | | Apollo Tyres | 38.15 | -3.05 | | Infosys | 1,834.00 | -2.55 | | Crompton Greaves | 296.85 | -2.51 | | IVR Prime | 382.35 | -2.30 | | Exide Industries | 58.80 | -2.24 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,530 | 646 | | Declines | 1,094 | 468 | | Unchanged | 69 | 31 | | Volume(Nos) | 35.18cr | 51.85cr | | | | | | Market Commentary | | | Sensex ends buoyant shrugging off weak global trend | | An across-the-board rally saw the market bounce back sharply from its early losses and gain 74 points at the close. | | Today the market saw a smart rally despite weakness in the global markets on worries about the health of the US economy. | | | | Despite slipping over 300 points in early trades the Sensex witnessed a relief rally led by across-the-board buying. The Sensex recovered quickly from its lows and remained upbeat through the session as value buying emerged at lower levels. The Sensex received major support from metal, energy and capital goods stocks. The market gathered steam towards the close and the Sensex crossed the psychological mark of 15,000 and touched the day's high of 15,030 before closing at 14,993, up 74 points. The Nifty, too, bounced back sharply and advanced 39 points to close at 4,359. | | | Movers & Shakers | - KLG Systel gained marginally on receiving orders worth over Rs67 crore from the Governments of Rajasthan and Haryana.
- Ashok Leyland surged after it signed a Heads of Agreement (HoA) with Nissan Motor Company Ltd to form three joint venture companies for LCV business.
- Firstsource Solutions zoomed on entering into an agreement to acquire US based MedAssist Holding, Inc. for $330 million.
| | | |
The breadth of the market was positive, with the gainers outpacing the losers in the ratio of 1.40:1. Of the 2,693 stocks traded on the BSE, 1,532 stocks advanced, 1,093 stocks declined and 68 stocks ended unchanged. Most of the sectoral indices closed with significant gains. The BSE Metal index was the major gainer and soared 4.24% followed by the BSE PSU index (up 1.54%) and the BSE Oil & Gas index (up 1.24%) etc. However, the BSE IT Index slipped 1.19% while, the BSE Teck Index and the BSE HC Index closed with the marginal losses.
Attracting strong buying support Tata Steel surged by 8.99% at Rs660, ONGC shot up by 3.05% at Rs834, BHEL jumped by 2.45% at Rs1,851, Hindalco advanced by 2.12% at Rs157, Reliance Energy scaled up by 2.04% at Rs782, Tata Motors zoomed 1.80% at Rs675, ACC added 1.69% at Rs1,044, SBI vaulted by 1.69% at Rs1,575, Grasim firmed up by 1.55% at Rs2910 and L&T climbed 1.53% at Rs2,588. Among the laggards, Infosys slipped 2.55% at Rs1,834, NTPC shed 1.29% at Rs165, HDFC declined by 1.19% at Rs1,957, while Satyam Computer, ICICI Bank, Dr Reddy's Lab, Cipla and Ambuja Cement fell marginally.
Metal stocks witnessed sustained buying support. SAIL soared 5.15% at Rs161, Shree Precoated added 3.90% at Rs305, Sesa Goa scaled up by 2.86% at Rs1,927 and Sterlite Industries gained 2.70% at Rs615.
Over 3.63 crore Ispat Industries shares changed hands on the BSE followed by Tata Teleservices (3.25 crore shares), Nagarjuna Fertilisers (1.47 crore shares), UCO Bank (87.75 lakh shares) and IFCI (85.45 lakh shares).
Tata Steel was the most actively traded counter on the BSE and registered a turnover of Rs219 crore followed by Reliance Industries (Rs175 crore), Everonn Systems (Rs167 crore), ICICI Bank (Rs133 crore) and Axis Bank (Rs131 crore).
| | | | | | | | European Indices at 16:20 IST on 29-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6127.70 | 25.50 | 0.42 | | CAC 40 Index | 5490.24 | 16.07 | 0.29 | | DAX Index | 7418.94 | -11.30 | -0.15 | | | | | | | | | | | Asian Indices at close on 29-08-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16012.83 | -274.66 | -1.69 | | Hang Seng | 23020.60 | -343.16 | -1.47 | | Kospi Index | 1826.19 | -3.12 | -0.17 | | Straits Times | 3334.66 | -8.34 | -0.25 | | Jakarta Composite Index | 2134.88 | -24.73 | -1.14 | | | | | | | | To know more about our products and services, click here. | | | | | | | “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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