| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,479.65 | 4,586.95 | | High | 15,814.80 | 4,690.60 | | Low | 15,314.02 | 4,536.25 | | Today's Cls | 15,769.72 | 4,676.95 | | Prev Cls | 15,514.79 | 4,585.60 | | Change | 254.93 | 91.35 | | % Change | 1.64 | 1.99 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Suzlon Energy | 268.60 | 8.66 | | Reliance Capital | 1,154.50 | 8.07 | | Tata Power | 1,256.65 | 7.79 | | Tech Mahindra | 847.85 | 7.52 | | ONGC | 953.20 | 7.46 | | Losers | | BPCL | 301.35 | -7.01 | | Godrej Industries | 225.00 | -6.56 | | Indian Oil Corporation | 391.90 | -6.29 | | HPCL | 226.30 | -6.26 | | Bajaj Holdings | 579.00 | -6.15 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,240 | 596 | | Declines | 1,397 | 576 | | Unchanged | 77 | 40 | | Volume(Nos) | 31.02cr | 57.10cr | | | | | | Market Commentary | | | Market pulls back after three-session slump | | The market snapped three session losses and ended firm amid sharp upsurge in IT and Teck stocks. | | The market put a halt to its three straight session losses and bounced back sharply on the second last day of the current trading week, as battered heavyweights and sectoral stocks found | 
| | | substantial buying support today. The sharp upmove in the Sensex and Nifty was in line with strong global indices. The Sensex, after dropping over 900 points in the last three sessions, witnessed sharp volatility till mid-morning trades. After a week opening at 15,480, the index tumbled to the day's low of 15,314 and gyrated between zones till mid-morning trades. The market soon recouped its lost ground and rallied sharply in the noon trades as gains in IT, Teck, power, FMCG and metal stocks propelled the index to an intra-day high of 15,815. The Sensex finally wrapped the session with gains of 1.64% or 255 points at 15,770, while Nifty advanced 91 points at 4,677. | | | Movers & Shakers | - Jaihind Projects hit the upper circuit breaker of 5% on report that the company has been awarded a Rs7.60 crore worth order by the Karnataka Urban Water Supply & Drainage Board.
- Pitti Laminations ended weak despite announcing a dividend of 20% for 2007-2008.
- Asian Electronics gained on reports that the company has recommended a dividend of 50% (Re1 per share) on the equity share of Rs2 each.
| | | |
Surprisingly the market breadth was weak. Of the 2,714 stocks traded on the BSE 1,397 stocks declined, 1,240 stocks advanced and 77 stocks ended unchanged. All the sectoral indices ended positive, except the BSE CD, BSE Realty, BSE Auto and BSE CG. The BSE IT index led the pack and rose 5.01% followed by the BSE Teck index (up 3.45%), the BSE Power index (up 2.89%), the BSE FMCG index (up 2.48%) and the BSE Bankex (up 1.92%).
Reversing the recent downward trend, 23 Sensex stocks advanced with DLF. Reliance Industries, Ambuja Cement, Tata Motors, BHEL, Larsen & Toubro and Mahindra & Mahindra failed to end in the green. Among the other major Sensex gainers, ONGC scaled up 7.46% at Rs953.20, Reliance Infra shot up by 5.68% at Rs1,130.85, NTPC vaulted 5.57% at Rs166.65, JP Associates jumped 3.68% at Rs205.60, Hindustan Unilever flared up 3.23% at Rs230.40, Grasim Industries rose 3.19% at Rs2,246.30, Tata Steel moved up by 3.10% at Rs840.90 and ICICI Bank spurted 3.09% at Rs781.25. ITC, TCS, HDFC Bank, Maruti, Hindalco, SBI, Bharti Airtel, Reliance Communications and Cipla gained around 1-2% each.
IT stocks hogged the limelight. NIIT Technology scaled up 9.13% at Rs141, Tech Mahindra surged 7.52% at Rs788.55 and Wipro edged higher by 6.25% at Rs528.40. Infosys, HCL Technologies, Satyam Computer Services and NIIT gained 5% each. Among the Teck stocks, Patni Computer zoomed by 3.71% at Rs276.40, Tanla flared up 3.34% at Rs267.40, Tata Communications added 2.78% at Rs489.95 and Moser Baer firmed up 2.72% at Rs169.90.
Over 1.90 crore IFCI share changed hands on the BSE followed by Anu Lab (1.25 crore shares), Ispat Industries (1.21 crore shares), Chambal Fertiliser (1.14 crore shares), Reliance Natural Resources (1.12 crores shares), Gokul Refoil (1.11 crore shares) and Reliance Petroleum (1.11 crore shares).
| | | | | | | | European Indices at 16:15 IST on 05-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5959.60 | -10.50 | -0.18 | | CAC 40 Index | 4914.54 | -0.53 | -0.01 | | DAX Index | 6971.31 | 5.88 | 0.08 | | | | | | | | | | | Asian Indices at close on 05-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14341.12 | -94.45 | -0.65 | | Hang Seng Index | 24225.29 | 132.04 | 0.55 | | Kospi Index | 1832.31 | -1.50 | -0.08 | | Straits Times Index | 3143.89 | 9.09 | 0.29 | | Jakarta Composite Index | 2399.67 | 37.09 | 1.57 | | | | | | | | 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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