| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,594.64 | 4,426.10 | | High | 14,725.94 | 4,436.15 | | Low | 14,503.51 | 4,362.90 | | Today's Cls | 14,577.87 | 4,395.35 | | Prev Cls | 14,656.69 | 4,413.55 | | Change | -78.82 | -18.20 | | % Change | -0.54 | -0.41 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Essar Oil | 231.95 | 16.73 | | Ispat Industries | 29.80 | 9.56 | | Maytas Infra | 442.25 | 9.37 | | JSW Steel | 870.90 | 9.31 | | Dish TV | 32.85 | 9.14 | | Losers | | Aditya Birla Nuvo | 1,264.70 | -5.58 | | Crompton Greaves | 240.65 | -3.64 | | HMT | 75.80 | -3.25 | | Deccan Chronicle | 109.50 | -2.93 | | LIC Housing Finance | 323.60 | -2.87 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,845 | 880 | | Declines | 805 | 325 | | Unchanged | 69 | 24 | | Volume(Nos) | 43.53cr | 70.21cr | | | | | | Market Commentary | | | Sensex slips amid sharp volatile trades | | After witnessing an intra-day swing of 222 points, the Sensex closed the session with a loss of 79 points. | | The market saw high volatility during the day as stocks gyrated throughout the session with the Sensex witnessing an intra-day swing of 222 points. | 
| | | The market opened higher buoyed by the overnight gains in the US markets, but pared early gains as investors' sentiment turned cautious as the Sensex neared its lifetime high of 14,726 points. Thereafter sustained selling in frontline, auto and metal stocks saw the Sensex enter into negative territory. After displaying some range-bound moves, the market plunged deep into the red on heavy selling towards the close to touch the day's low of 14,504. The Sensex finally closed the session at 14,578, down 79 points. The Nifty had a flat close at 4395, down 18 points. | | | Movers & Shakers | - Thermax gained marginally on receiving an order of Rs415 crore from a leading steel making company for setting up a captive power plant for its upcoming blast furnace complex on an EPC basis.
- Gayatri Projects gained on forming a classic form investment subsidiary in transportation infrastructure sector--AMP Capital Finance (Mauritius) to invest Rs200 crore in the equity of Gayatri Infra Ventures in tranches.
| | | |
The breadth of the market was positive. Of the 2,719 stocks traded on the BSE 1,845 stocks advanced, 805 stocks declined and 69 stocks ended unchanged. Among the sectoral indices, the BSE CD index soared 3.87%, the BSE Metal index advanced 2.06% and the BSE HC index was up 1.51%. However the BSE CG index, BSE Power index and the BSE Oil & Gas index closed in the red.
Selective buying helped the index overcome its losses. Grasim Industries gained 3.18% at Rs1,894.40, Ranbaxy Laboratories advanced 2.80% at Rs524, JP Associates gained 2.38% at Rs174.50 and Maruti Suzuki India added 2.08% at Rs572.15. Tata Steel, ACC, Satyam Computer Services, Hindalco, Infosys, State Bank of India and Reliance Communications notched up steady gains.
Selling was evident in select heavyweights. Tata Consultancy Services dropped 2.73% at Rs816.30, Reliance Industries declined 2.49% at Rs2,242.50, Bharat Heavy Electricals Ltd tumbled 2.41% at Rs1,714.15, Oil and Natural Gas Corporation shed 1.53% at Rs981.55, Sterlite Industries dipped 1.38% at Rs623.95, Larsen & Toubro was down 1.33% at Rs2,656.55 and DLF shed 1.22% at Rs513.80.
Over 4.49 crore Reliance Natural Resources shares changed hands on the BSE followed by Ispat Industries (2.86 crore shares), IFCI (1.94 crore shares), Bellary Steel (1.14 crore shares) and BL Kashyap & Sons (1.10 crore shares).
| | | | | | | | European Indices at 16:15 IST on 04-08-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5363.70 | 9.00 | 0.17 | | CAC 40 Index | 4305.17 | -9.17 | -0.21 | | DAX Index | 6359.13 | -37.33 | -0.58 | | | | | | | | | | | Asian Indices at close on 04-08-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12933.18 | -161.41 | -1.23 | | Hang Seng Index | 22514.87 | -78.82 | -1.52 | | Kospi Index | 1543.05 | -30.72 | -1.95 | | Straits Times Index | 2876.08 | -29.99 | -1.03 | | Jakarta Composite Index | 2227.67 | -21.08 | -0.94 | | | | | | | | 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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