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Post-market: Market sheds another 2%
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Friday, August 7, 2009 |
| | Index Performance | Index | Sensex | Nifty | Open | 15,440.95 | 4,591.90 | High | 15,501.94 | 4,591.90 | Low | 15,104.00 | 4,463.95 | Today's Cls | 15,160.24 | 4,481.40 | Prev Cls | 15,514.03 | 4,585.50 | Change | -353.79 | -104.10 | % Change | -2.28 | -2.27 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | Lupin | 974.05 | 4.48 | Shriram Transport | 345.95 | 4.45 | BPCL | 522.75 | 2.87 | Mphasis | 476.05 | 1.75 | Hindustan Zinc | 739.15 | 1.71 | Losers | Tech Mahindra | 767.10 | -7.46 | United Spirits | 926.65 | -7.14 | Bajaj Auto | 1,175.40 | -7.10 | IRB Infra | 176.90 | -6.87 | IDBI Bank | 96.10 | -6.38 | | Market Statistics | - | BSE | NSE | Advances | 748 | 266 | Declines | 1,922 | 981 | Unchanged | 78 | 19 | Volume(Nos) | 40.78cr | 91.31cr | | | | | Market Commentary | | Market sheds another 2% | All across selling on the back of weakness in global markets saw the Sensex shed 354 points for the day. | Sustained selling pressure persisted for the second straight session, with the index falling in sync with global markets and posting another 2.50% loss at the | | | closing. Indices across Asia also witnessed a major correction and shed around 1-2% each. The market started to deteriorate by mid-morning trades, after a rebound from a weak opening saw the Sensex breach the 15500 levels and touch an intra-day high of 15502 in early trades. While the market steadily kept losing momentum, widespread selling in afternoon nearly dragged the index below around 15100 to the day's low of 15104. The Sensex managed to erase 50 points towards the close and ended the session at 15160, down 354 points. The Nifty declined by 104 points to close at 4481.
On the BSE, the number of declining shares stood at 1,922 stocks, whereas 748 stocks advanced for the day. 78 stocks remained unchanged. Of the 13 sectoral indices, all were battered. The BSE CD index dropped 3.92% followed by the BSE Auto index (down 3.87%), the BSE Realty index (down 3.29%), the BSE Bankex (down 2.96%), the BSE Power index (down 2.65%) and the BSE CG index (down 2.39%).
Out of the 30 Sensex stocks only three managed to end in the green. Among the major losers, Reliance Communications tanked 5.79% to trade Rs254.75. Mahindra & Mahindra slumped 5.56% to Rs832.90, JP Associates shed 5.46% to Rs218.15, Maruti Suzuki India crumbled 5.33% to Rs1,291.30, Tata Power dropped 4.78% to Rs1,225.35, Bharat Heavy Electricals Ltd (BHEL) slipped 4.11% to Rs2,179.60, Bharti Airtel plunged 3.88% to Rs383.80 and ICICI Bank fell 3.62% to Rs738.05. Other front-line stocks also declined by around 1-3% each. However, National Thermal Power Corporation bucked the downtrend and advanced 0.71% to Rs212.25, Tata Steel gained 0.31% to trade at Rs456.20 and Wipro inched up 0.13% to close at Rs498.90.
Of the shares that witnessed maximum trading on the BSE, Ispat Industries occupied the top slot (1.94 crore shares) followed by Unitech (1.66 crore shares), Firstsource Solutions (1.58 crore shares), Prism Cement (1.27 crore shares) and Mahindra Satyam (1.12 crore shares).
| | | | | | | | European Indices at 16:00 IST on 07-08-2009 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 Index | 4648.87 | -41.66 | -0.89 | CAC 40 Index | 3444.26 | -33.57 | -0.97 | DAX INDEX | 5338.06 | -31.92 | -0.59 | | | | | | | | Asian Indices at close on 07-08-2009 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 10412.09 | 24.00 | 0.23 | Hang Seng Index | 20375.37 | -523.87 | -2.51 | Kospi Index | 1576.00 | 10.96 | 0.70 | Straits Times Index | 2549.35 | -52.15 | -2.00 | Jakarta Composite Index | 2349.13 | -10.84 | -0.46 | Shanghai Composite | 3260.69 | -95.64 | -2.85 | | | | | | | | 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
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posted by Anonymous @ 4:07 AM |
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