| | | | Index Performance | | Index | Sensex | Nifty | | Open | 18,031.77 | 5,360.35 | | High | 18,031.77 | 5,390.85 | | Low | 17,226.18 | 5,101.75 | | Today's Cls | 17,559.98 | 5,215.30 | | Prev Cls | 17,998.39 | 5,351.00 | | Change | -438.41 | -135.70 | | % Change | -2.44 | -2.54 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | VSNL | 515.85 | 5.24 | | Hexaware | 118.45 | 5.20 | | Moser Baer | 278.60 | 3.51 | | Orchid Chemicals | 229.70 | 3.49 | | Britannia Industries | 1,400.00 | 3.09 | | Losers | | Reliance Energy | 1,333.25 | -16.22 | | Union Bank | 138.30 | -10.28 | | Reliance Capital | 1,497.95 | -9.66 | | Tata Power | 976.65 | -9.46 | | Power Finance | 198.80 | -9.20 | | | Market Statistics | | - | BSE | NSE | | Advances | 548 | 176 | | Declines | 2,186 | 976 | | Unchanged | 33 | 8 | | Volume(Nos) | 42.27cr | 68.65cr | | | | | | Market Commentary | | | Sensex tanks 438 points | | The weakness in heavyweight, CG and metal stocks saw the Sensex plummet by 438 points during the day. | | The market took a sharp dip after a positive opening and continued to move down, as shares across sectors | | | | witnessed substantial selling pressure amid worries over the Securities and Exchange Board of India’s move to restrict participatory notes. The market opened with a positive gap of 34 points at 18032 and saw considerable volatility through the day. The selling pressure in the front-line stocks kept the capital goods, metal, realty, and oil stocks in the red that dragged down the index to an intra-day low of 17226. The Sensex ended the session with a loss of 2.44% or 438 points at 17560 while the Nifty tumbled 2.54% or 136 points to 5215.
The breadth of the market was extremely negative. Of the 2,767 stocks traded on the BSE, 2,186 stocks declined, 548 stocks advanced and 33 stocks ended unchanged. Among the sectoral indices, the BSE CG Index shed 4.41% at 15,429 followed by the BSE Metal Index (down 3.66% at 14480), the BSE Realty Index (down 3.51% at 9054) and the BSE FMCG Index (down 3.05% at 2022).
Among the Sensex stocks, few managed to close in positive territory. Reliance Energy tumbled 16.22% at Rs1,333; Hindalco plunged 6.58% at Rs175; Maruti Udyog slumped 6.47% at Rs1,074; BHEL dropped 5.99% at Rs2,052; Bharti Airtel shed 5% at Rs968; M&M lost 4.50% at Rs728; and ITC declined 4.40% at Rs175. The other front-line stocks were also down 1-4% each. However, Reliance Communication bucked the trend and gained 2.21% at Rs727; Bajaj Auto added 2.07% at Rs2,512; Tata Steel moved up by 1.86% at Rs852; ONGC surged 1.35% at Rs1,109 and Infosys advanced by 1.04% at Rs1,908 while Wipro and Dr Reddy's Lab were marginally up at Rs501 and Rs614 respectively.
Over 3 crore Saamaya Biotech shares changed hands on the BSE followed by Power Grid Corporation (2.72 crore shares), Reliance Natural Resources (2.62 crore shares), Reliance Petroleum (1.63 crore shares) and Tata Teleservices (1.59 crore shares).
United Spirits registered a turnover of Rs782 crore on the BSE followed by Reliance Energy (Rs594 crore), Reliance Industries (Rs582 crore), HDFC (Rs542 crore) and Reliance Communication (Rs520 crore). | | | | | | | | European Indices at 16:15 IST on 19-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6603.70 | -5.70 | -0.09 | | CAC 40 Index | 5770.24 | 3.00 | 0.05 | | DAX Index | 7932.61 | 11.21 | 0.14 | | | | | | | | | | | Asian Indices at close on 19-10-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 16814.37 | -291.72 | -1.71 | | Kospi Index | 1970.10 | -34.99 | -1.75 | | Straits Times | 3747.98 | -61.71 | -1.62 | | Jakarta Composite Index | 2563.75 | -52.99 | -2.02 | | | | | | | | 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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