| | | | Index Performance | | Index | Sensex | Nifty | | Open | 9,638.83 | 2,919.85 | | High | 9,706.38 | 2,960.95 | | Low | 9,294.98 | 2,844.80 | | Today's Cls | 9,328.92 | 2,857.25 | | Prev Cls | 9,568.72 | 2,916.85 | | Change | -239.80 | -59.60 | | % Change | -2.51 | -2.04 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | RPL | 84.70 | 6.34 | | Bajaj Finserv | 132.45 | 4.99 | | Indiabulls Financial | 143.80 | 4.09 | | Jet Airways | 185.65 | 3.80 | | Piramal Healthcare | 236.95 | 2.80 | | Losers | | Rolta India | 109.45 | -10.18 | | IFCI | 20.05 | -8.45 | | Financial Technologies | 505.70 | -7.59 | | Welspun Gujarat | 101.30 | -6.42 | | Punj Lloyd | 142.10 | -6.24 | | | Market Statistics | | - | BSE | NSE | | Advances | 866 | 349 | | Declines | 1,597 | 828 | | Unchanged | 69 | 38 | | Volume(Nos) | 26.36cr | 52.71cr | | | | | | Market Commentary | | | Sensex plummets 240 points | | The market slipped from higher levels in the afternoon and shed 240 points at the close on across-the-board selling pressure. | | The market took a sharp dip after an initial surge and continued to move southwards thereafter as shares across sectors came under the grip of relentless selling pressure. | 
| | | The trading session witnessed extreme volatility. After a firm open at 9639, 70 points above its previous close of 9569, the index made significant strides on the back of extended buying and touched the day's high of 9706. However, the market failed to hold on to its gains and drifted into negative territory in the afternoon. Along with the selling in heavyweights, there was a major correction in IT, realty and CD stocks that dragged the index to an intra-day low of 9295. The Sensex finally closed the session with a loss of 240 points at 9329 while the Nifty tumbled by 60 points to 2857.
The breadth of the market was extremely negative: Of the 2,532 stocks traded on the BSE, 1,597 stocks declined, 866 stocks advanced and 69 stocks ended unchanged. Among the sectoral indices the BSE IT Index shed 3.92% followed by the BSE Realty Index (down 3.82%), the BSE CD Index (down 3.58%) and the BSE Bankex (down 2.99%).
Of the 30 stocks trading in the Sensex basket, only six managed to close in positive territory. Among the major losers Reliance Infra tumbled by 7.84% at Rs532.25, DLF plunged 6.40% at Rs275.15, ICICI Bank slumped 5.62% at Rs416, Infosys dropped 5.29% at Rs1,110, Mahindra & Mahindra shed 4.47% at Rs266, ONGC lost 4.37% at Rs641.10 and Hindalco declined by 4.25% at Rs48.45. The other front-line stocks were also down 1-3% each. Grasim, however, bucked the downtrend and rose 2.03% at Rs1,209 while Maruti at Rs512 and Ranbaxy at Rs219 were up around 1% each.
Over 2.04 crore Reliance Natural Resources shares changed hands on the BSE followed by RPL (1.72 crore shares), Unitech (1.54 crore shares), Unitech (1.39 crore shares) and Suzlon (1.39 crore shares). | | | | | | | | | | | Asian Indices at close on 26-12-2008 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 8739.52 | 140.02 | 1.63 | | Hang Seng Index | 14184.14 | - | - | | Kospi Index | 1117.86 | -10.65 | -0.94 | | Straits Times Index | 1725.61 | -11.38 | -0.66 | | Jakarta Composite Index | 1340.89 | 4.28 | 0.32 | | | | | | | | 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