| | | | Index Performance | | Index | Sensex | Nifty | | Open | 8,942.01 | 2,776.35 | | High | 9,024.12 | 2,805.60 | | Low | 8,801.79 | 2,738.70 | | Today's Cls | 8,863.82 | 2,757.45 | | Prev Cls | 8,943.54 | 2,777.25 | | Change | -79.72 | -19.80 | | % Change | -0.89 | -0.71 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Rolta India | 53.50 | 17.97 | | Akruti City | 1,577.80 | 12.33 | | Madras Cements | 65.35 | 7.66 | | Nagarjuna Construction | 43.80 | 7.48 | | Thermax | 167.00 | 6.78 | | Losers | | TTML | 22.10 | -9.61 | | IVRCL Infra | 111.25 | -6.20 | | Rei Agro | 45.00 | -6.15 | | India Cements | 97.85 | -5.50 | | United Phosphorus | 88.00 | -5.48 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,330 | 601 | | Declines | 1,137 | 563 | | Unchanged | 107 | 55 | | Volume(Nos) | 33.98cr | 72.28cr | | | | | | Market Commentary | | | Pull-back rally snaps | | Heavy selling in oil & gas, consumer durables and auto stocks triggered a major sell-off and Sensex snap the three-day-long pull-back rally. | | The market cooled off after having gains for three consecutive sessions that had lifted Sensex above 9000. Selling commenced after Sensex touched a new | 
| | | intra-day high of 9024 in early trades. Losing over 50 points by mid-morning, the market remained negative, but came close to erasing its losses in afternoon. However, the mood turned more bearish towards the close as selling in information technology, banking, oil & gas and teck stocks dragged the index around 8800 mark to an intra-day low of 8802. Sensex finally ended the session 0.89% or 80 points down at 8864, while Nifty lost 20 points to close at 2757.
Market breadth was positive. Of the 2,574 scrips traded on the BSE, 1,330 stocks advanced, whereas 1,137 stocks declined. One hundred and seven stocks ended unchanged. Of the 13 sectoral indices on BSE nine ended negative. BSE Bankex led the slump shedding 2% for the day. BSE IT, BSE Oil & Gas, BSE Teck and BSE CD lost over 1% each.
Index heavyweight Tata Consultancy Services triggered a major sell-off in the market and the stock tumbled 4.31% to Rs497.40. Among other major losers State Bank of India dropped 3.87% at Rs949.60, JP Associates declined by 3.75% at Rs74.35, HDFC Bank lost 2.27% at Rs825.40, Ranbaxy Laboratories shed 2.03% at Rs144.95, Reliance Industries slumped by 1.98% at Rs1300.35, HDFC slipped by 1.77% at Rs1364.05 and DLF dipped by 1.76% at Rs159.10. Infosys, Larsen & Toubro, ACC, Grasim Industries, Sun Pharmaceutical Industries and Hindustan Unilever lost over 1% each. However, Tata Motors managed to report gains and moved up by 3.40% at Rs172.05 while Hindalco Industries added 2.34% at Rs43.70.
Over 1.92 crore shares of Rolta India changed hands on BSE followed by Unitech (1.81 crore shares), Reliance Natural Resources (1.65 crore shares), Cals Refineries (1.40 crore shares) and Suzlon Energy (1.31 crore shares). | | | | | | | | European Indices at 16:00 IST on 17-03-2009 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 3845.75 | -18.24 | -0.47 | | CAC 40 Index | 2772.40 | -19.26 | -0.69 | | DAX INDEX | 4026.75 | -17.79 | -0.44 | | | | | | | | | | | Asian Indices at close on 17-03-2009 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 7949.13 | 244.98 | -3.18 | | Hang Seng Index | 127878.09 | -98.62 | -0.76 | | Kospi Index | 1163.88 | 38.42 | 3.41 | | Straits Times Index | 1559.03 | -27.29 | -1.72 | | Jakarta Composite Index | 1312.09 | -12.75 | -0.96 | | | | | | | | 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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