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| | Index Performance | | Index | Sensex | Nifty | | Open | 13,569.57 | 3,910.95 | | High | 13,569.57 | 3,911.95 | | Low | 13,336.52 | 3,841.70 | | Today's Cls | 13,362.16 | 3,850.30 | | Prev Cls | 13,566.33 | 3,911.40 | | Change | -204.17 | -61.10 | | % Change | -1.50 | -1.56 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Nestle | 1,205.40 | 4.00 | | IDBI | 77.60 | 2.92 | | Polaris Lab | 190.95 | 2.50 | | Crompton Greaves | 217.70 | 2.35 | | Mastek | 371.15 | 1.91 | | Losers | | Hinduja TMT | 669.20 | -8.63 | | BASF India | 231.45 | -7.88 | | Canara Bank | 261.95 | -5.72 | | Aditya Birla Nuvo | 1,200.00 | -4.85 | | BHEL | 2,144.05 | -4.66 |
| | Market Statistics | | - | BSE | NSE | | Advances | 952 | 406 | | Declines | 1,712 | 996 | | Unchanged | 43 | 18 | | Volume(Nos) | 36.58cr |
| 42.73cr | | | |
| | Market Commentary |
| | Market sheds another 204 points | | The market crumbled further during the day on hectic selling in banking, capital goods and PSU stocks. | | The market slipped further as selling backed by substantial intra-day volatility continued for the second straight session with the Sensex slipping sharply in | | | | mid-morning trades. The Sensex witnessed a wild intra-day swing of 229 points in the first half of the trading session and the index crashed sharply to the day's low of 13337 after touching an early high of 13570. Although some of the losses were erased on stock-specific gains, the Sensex closed with losses of 1.50% or 204 points at 13362. The Nifty declined by 61 points to close at 3850. |
| | Movers & Shakers | - BASF India tumbled on reports of a 25% dip in the company's net profit for Q3FY2007.
- i-Gate Global Solutions slipped despite announcing robust results for Q3FY2007.
- Bank of Baroda slipped despite signing a MOU with IIFC to enhance the provision of financing and other banking products and services to entities involved in infrastructure development.
- Rama Pulp & Papers gained on increasing the selling price of specialty grade papers.
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The market breadth was expectedly negative. Of the 2,707 stocks traded on the BSE, 1,712 stocks declined, 952 stocks advanced and 43 stocks ended unchanged. Among the sectoral indices, the BSE Bankex, the BSE PSU index and the BSE CG index shed over 2% each. The other sectoral indices also closed in negative territory.
Except Wipro and ITC the rest of the Sensex stocks witnessed steep falls. BHEL tumbled 4.66% at Rs2,144, Reliance Communication lost 3.72% at Rs407, ICICI Bank declined 3.27% at Rs883, SBI slumped 3.20% at Rs1,137, ONGC slipped 3.06% at Rs890 and Dr Reddy's fell 2.95% at Rs775. HDFC at Rs1,527, Reliance Energy at Rs505, NTPC at Rs133, Gujarat Ambuja at Rs137, Bharti Airtel at Rs613, TCS at Rs1,234, L&T at Rs1,409, Grasim at Rs2,786, Ranbaxy at Rs411, HDFC Bank at Rs999 and Infosys at Rs2,169 dropped 1-2% each.
The banking stocks fared badly on the bourses. Canara Bank dropped 5.72% at Rs262, Oriental Bank declined 3.69% at Rs214, Allahabad Bank lost 2.11% at Rs88 and Indian Overseas Bank slipped 1.63% at Rs108. Consumer goods stocks also witnessed heavy selling pressure. Kalpataru, Carborundum, Alstom Project, Thermax and Triveni Engineering were down 2-4% each.
Shree Ashtavinayak Cine Vision made its debut on the BSE. The stock touched an intra-day high of Rs248 before profit taking dragged it to a low of Rs185. The company had sold the shares at Rs160 in the initial public offering. The stock finally closed at Rs227. Over 1.60 crore shares were traded on the BSE.
Over 4.70 crore IFCI shares changed hands on the BSE followed by Shree Ashtavinayak (1.60 crore shares), Pentium Infratech (1.58 crore shares), Zee News (1.36 crore shares) and Vishal Export (83 lakh shares).
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| European Indices at 16:04 IST on 10-01-2007 |
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| | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 6153.00 | -43.10 | -0.70 | | CAC 40 Index | 5485.55 | -47.48 | -0.86 | | DAX Index | 6549.11 | -65.26 | -0.99 | | |
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| Asian Indices at close on 10-01-2007 |
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| | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16942.40 | -295.37 | -1.71 | | Hang Seng Index | 19568.34 | -329.74 | -1.66 | | Kospi Index | 1355.79 | -18.55 | -1.35 | | Straits Times Index | 2961.15 | -47.20 | -1.57 | | Jakarta Composite Index | 1710.37 | -70.51 | -3.96 | | |
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