| | Index Performance | Index | Sensex | Nifty | Open | 13,716.88 | 4,162.15 | High | 13,716.88 | 4,172.60 | Low | 13,430.68 | 4,077.50 | Today's Cls | 13,547.18 | 4,110.55 | Prev Cls | 13,692.52 | 4,161.25 | Change | -145.34 | -50.70 | % Change | -1.06 | -1.22 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | India Cement | 136.60 | 5.60 | Bajaj Holdings | 473.20 | 4.82 | Punj Lloyd | 303.95 | 4.74 | CESC | 291.40 | 4.15 | Marico | 60.25 | 3.79 | Losers | Suzlon Energy | 182.00 | -7.17 | GMDC | 141.80 | -6.65 | Pantaloon Retail India | 274.20 | -6.08 | KSK Energy | 214.95 | -5.99 | Siemens | 456.20 | -5.91 | | Market Statistics | - | BSE | NSE | Advances | 899 | 425 | Declines | 1,688 | 1,026 | Unchanged | 78 | 43 | Volume(Nos) | 22.44cr | 61.27cr | | | | | Market Commentary | | Downcast session | The Sensex remained bearish all through the session in keeping with weakness across international markets and ends 145 points down. | The 30-stock Sensex of the BSE witnessed a 122-point pullback yesterday on the back of strong buying support. However, the bears hit back strongly today and triggered a major sell-off. | | | Tracking subdued Asian markets, the Sensex began the session marginally above its previous close, but soon slipped on sustained selling in frontline stocks and continued it down-move for the major part of the day. After falling below the 13,500 mark to touch the day's low of 13,431, the market moved in a range with a negative bias. The market witnessed buying towards the close and the Sensex ended the session with a loss of 145 points at 13,547, whereas Nifty shed 51 points and closed at 4,111. All the sectoral indices except the BSE Auto index ended negative. The BSE IT dropped over 2%, while the BSE Teck, the BSE Realty, the BSE Power, the BSE CD, the BSE Metal and the BSE HC were down over 1% each. The breadth of the mark was extremely negative. Of the 2,665 stocks traded on the BSE, 1,688 stocks declined, while only 899 stocks advanced. 78 stocks ended unchanged. Among the 30 Sensex stocks, 23 stocks ended in the red. Wipro was a major loser and tumbled by 4.81% at Rs352.90. Ranbaxy Laboratories at Rs296.20, Hindalco Industries at Rs104.50, Grasim Industries at Rs1,867.40, Tata Consultancy Services at Rs690.20 slumped over 3% each. Among the other major losers, DLF was down by 2.81% at Rs389, ACC dropped 2.65% at Rs611.15, Bharti Airtel lost 2.44% at Rs790.65, Tata Power fell 2.39% at Rs999.45 and ITC declined by 2.31% at Rs188.40. Over 1.12 crore Tata Steel shares changed hands on the BSE followed by Reliance Natural Resources (0.89 crore shares), IFCI (0.72 crore shares), Austral Coke (0.72 crore shares) and Sesa Goa (0.54 crore shares). | | | | | | | | European Indices at 17:35 IST on 25-09-2008 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 5075.86 | -19.71 | -0.39 | CAC 40 Index | 4154.49 | 39.95 | 0.97 | DAX Index | 6061.99 | 41.39 | 0.68 | | | | | | | | | | | Asian Indices at close on 25-09-2008 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 12006.53 | -108.50 | -0.90 | Hang Seng Index | 18934.42 | -27.56 | -0.15 | Kospi Index | 1501.63 | 5.65 | 0.38 | Straits Times Index | 2444.24 | -33.36 | -1.35 | Jakarta Composite Index | 1870.06 | -13.49 | -0.72 | | | | | | | | 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