| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,557.33 | 4,397.25 | | High | 14,557.33 | 4,399.30 | | Low | 14,265.38 | 4,272.75 | | Today's Cls | 14,324.29 | 4,290.30 | | Prev Cls | 14,662.61 | 4,400.25 | | Change | -338.32 | -109.95 | | % Change | -2.31 | -2.50 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | EIH | 168.30 | 7.03 | | Sterling Biotech | 177.95 | 3.55 | | Gujarat NRE Coke | 82.45 | 3.19 | | United Spirit | 1353.50 | 3.02 | | Indian Overseas | 101.00 | 2.85 | | Losers | | Bajaj Finserve | 480.00 | -7.42 | | Suzlon | 227.60 | -6.64 | | KSK Energy | 194.60 | -5.67 | | Indiabulls Financials | 239.10 | -5.14 | | Yes Bank | 140.25 | -5.11 | | | Market Statistics | | - | BSE | NSE | | Advances | 853 | 268 | | Declines | 1,786 | 942 | | Unchanged | 75 | 34 | | Volume(Nos) | 25.92cr | 40.84cr | | | | | | Market Commentary | | | Global cues weigh on market | | Weakness in the global indices took a heavy toll on the market and the Sensex shed 2.31% on across-the-board selling pressure | | The market continued its downward journey for the third straight session, as a slump in the global indices made the investors jittery, triggering a major sell-off. | 
| | | The Sensex resumed today’s session on a bearish note at 9665, about 106 points below its previous close of 14663. By mid-morning, pervasive selling caused it to touch the day's low of 14,265, about 398 points below the previous close. Although the index managed to erase some losses and trade around 14400 for a while in the afternoon, fresh selling dragged it below the 14400 level towards the close. After registering losses of 238 points in the last two sessions, the Sensex was 338 points or 2.31% points down for the day at 14324. The Nifty ended at 4290, which is 110 points lower than its previous close of 4400. | | | Movers & Shakers | - Lakshmi Overseas Industries gained on reports that the company has entered into a power purchase agreement with PTC India for a period of five years.
- Hindustan Petroleum Corporation, which has signed a MoU with Shree Renuka Sugars, ended in the red.
- Shree Renuka Sugars, which has signed a MoU with Hindustan Petroleum Corporation, finished with steep losses.
- Era Infra Engineering gained on a report that the company has bagged a contract for the construction of head of department building at Capitol Complex, Naya Raipur, Chhattisgarh from Naya Raipur Development Authority valuing around Rs208.94 crore.
| | | |
All the 13 sectoral indices of the BSE were mauled down by 1-3%. The BSE Oil & Gas index was the major loser and crashed by 3.39% followed by the BSE Power (-2.97%), the BSE Realty index (-2.48%), the BSE CG index (-2.39%), the BSE PSU index (-2.15%) and the BSE CD index (-1.80%). The BSE second-rung benchmark indices the BSE mid-cap index and the BSE small-cap index tanked by over 1% each.
The breadth of the market was heavily skewed in favour of losing stocks. Of the 2,714 stocks traded on the BSE, 66% shares (1,786 stocks) declined, while only 31% stocks (853 stocks) advanced. About 3% stocks (75 stocks) ended unchanged. Of the 30 stocks that make the Sensex, only two advanced for the day. Among the major losers Bharti Airtel crashed by 4.40% at Rs776.20, Reliance Infrastructure plunged by 4.15% at Rs992, Reliance Industries slumped by 4.13% at Rs1,997.60, ONGC crumbled by 3.82% at Rs1,035.45, Tata Power plummeted by 3.53% at Rs1,012.10, DLF dropped 3.28% at Rs485.55, JP Associates shed 3.25% at Rs162.35 and Mahindra & Mahindra tanked 3% at Rs560.15. The other heavyweights also came under sustained selling pressure and lost 1-2% each.
Over 1.52 crore IFCI shares changed hands on the BSE followed by Tata Teleservices (1 crore shares), Reliance Natural Resources (86.99 lakh shares), Austral Coke & Projects (67.31 lakh shares) and Reliance Petroleum (67.20 lakh shares).
| | | | | | | | European Indices at 16:15 IST on 11-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5303.00 | -63.20 | -1.18 | | CAC 40 Index | 4238.71 | -44.95 | -1.05 | | DAX Index | 6130.06 | -80.26 | -1.29 | | | | | | | | | | | Asian Indices at close on 11-09-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 12102.50 | -244.13 | -1.98 | | Hang Seng Index | 19388.72 | -611.06 | -3.06 | | Kospi Index | 1443.24 | -21.74 | -1.48 | | Straits Times Index | 2541.15 | -81.26 | -3.10 | | Jakarta Composite Index | 1870.13 | -14.91 | -0.79 | | | | | | | | 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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