| | | | Index Performance | | Index | Sensex | Nifty | | Open | 15,992.90 | 4,718.70 | | High | 15,992.90 | 4,731.50 | | Low | 15,442.34 | 4,564.50 | | Today's Cls | 15,514.79 | 4,585.60 | | Prev Cls | 15,962.56 | 4,715.90 | | Change | -447.77 | -130.30 | | % Change | -2.81 | -2.76 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | ONGC | 887.05 | 5.31 | | Shree Precoated | 145.40 | 4.68 | | Nicholas Piramal | 370.20 | 2.79 | | Thermax | 426.35 | 2.01 | | Bhushan Steel | 848.25 | 1.16 | | Losers | | Lanco Infra | 416.50 | -12.27 | | Bombay Dyeing | 757.90 | -9.37 | | Sesa Goa | 3,568.90 | -8.83 | | Spice Tele | 52.50 | -8.30 | | MRPL | 74.55 | -8.02 | | | Market Statistics | | - | BSE | NSE | | Advances | 676 | 220 | | Declines | 1967 | 984 | | Unchanged | 76 | 33 | | Volume(Nos) | 31.53cr | 53.71cr | | | | | | Market Commentary | | | Sensex plummets 448 points | | Weakness across global indices took heavy toll on the market and the Sensex lost 4.72% on across-the-board selling. | | The downward journey of the market continued for the third straight session, as slump in global indices and concerns of hike in petro products made investors nervous, thereby triggering | 
| | | a major sell off. Resuming on a bullish note at 15,993, 30 points above its last close of 15,963, the Sensex during mid afternoon accumulated losses of more than 521 points on across-the-board selling to touch the day's low of 15,442. The index however managed to erase its losses a bit and trade above 15,500 at the end of the session. After registering losses of 450 points in the last two sessions, the Sensex dropped 2.81% or 448 points to close at 15,515. The Nifty shed 130 points at 4,586. | | | Movers & Shakers | - Vishal Retail finished with marginal losses despite opening four new showrooms in May.
- Deep Industries lost ground in spite of reports that the company has been awarded contract worth Rs143 Million from Reliance Industries.
- Jindal Steel, whose subsidiary Jindal Power has signed a memorandum of understanding for setting up a 2,640MW power project with Jharkhand government, ended in the red.
- Ipca Laboratories rose up on report that the company has received US FDA approval for Propranolol Hydrochloride tablets.
| | | |
All the sectoral indices were mauled and each declined by more than 1-5%. The BSE Realty index was the major loser and crashed by 5.01%, followed by the BSE Metal (down 4.98%), the BSE Power index (down
4.42%), the BSE Oil & Gas index (down 3.39%), the BSE Auto index (down 3.31%) and the BSE CG index (down 3.14%). The BSE second-rung benchmark indices the BSE mid-cap index and the BSE small-cap index tanked over 2% each.
The breadth of the market was heavily skewed in favour of losers. Of the 2,719 stocks traded on the BSE, 1,967 stocks declined, 676 stocks advanced and 76 stocks ended unchanged.
Except ONGC all the stocks in the Sensex basket ended at lower levels. Among the major losers Ambuja Cement crashed 5.46% at Rs87, Tata Steel plunged 5.36% at Rs812, HDFC Bank slumped 5.19% at Rs1,200, Maruti Suzuki crumbled 5.07% at Rs735, BHEL plummeted 4.99% at Rs1,456, Reliance Infra dropped 4.89% at Rs1,063.50, Tata Motors shed 4.87% at Rs537.95, DLF tanked 4.70% at Rs551.10 and Reliance Industries lost 4.14% at Rs2,285.10. Other heavyweight stocks also came under sustained selling pressure and lost around 2-3% each.
Realty stocks were battered. Akruti City tanked nearly 7.57% at Rs901, India Bulls plummeted 7.29% at Rs412.05, Omaxe slumped 5.61% at Rs185.95, Unitech dropped 5.52% at Rs207.20, HDFC lost 5.50% at Rs637.75 and Ansal Properties slipped by 4.86% at Rs118.55. Sobha Developers, DLF, Mahindra Life,
and Peninsula Land declined over 4-5% each.
Over 2.11 crore Gokul Refoils shares changed hands on the BSE followed by IFCI (1.78 crore shares), Anus Lab (1.64 crore shares), RPL (1.56 crore shares) and Ispat Industries (1.38 crore shares).
| | | | | | | | European Indices at 16:30 IST on 04-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5951.80 | -100.90 | -1.75 | | CAC 40 Index | 4891.06 | -92.65 | -1.86 | | DAX Index | 6921.22 | -97.91 | -1.39 | | | | | | | | | | | Asian Indices at close on 04-06-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 14435.57 | 226.40 | -1.59 | | Hang Seng Index | 24123.25 | -252.51 | -1.04 | | Kospi Index | 1833.81 | 14.42 | 0.79 | | Straits Times Index | 3134.80 | -19.14 | -0.61 | | Jakarta Composite Index | 2362.59 | -41.23 | -1.72 | | | | | | | | 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.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
No comments:
Post a Comment