Skip to main content

Day End Report

The Sensex opened with a huge negative gap of 228 points at 14,957 owing to weakness in the global markets.
The index touched a day's low of 14,748 - down 437 points from its previous close.
The index recovered smartly in late noon deals and touched a day's high of 15,271 - swung 523 points intraday.
Consumer durables and oil & gas stocks gained 1.7% and 1.4%, respectively, while IT stocks lost 0.3%.
The Sensex finally ended with a gain of 65 points at 15,250.
The market breadth was marginally positive - out of 2,674 stocks traded, 1,481 advanced, 1,109 declined, and 84 were unchanged.
The NSE Nifty moved up 16 points at 4,539.

BHEL gained 2.5% to Rs 1,519, while Reliance Infrastructure has moved up 2.4% to Rs 1,046.
Tata Steel and SBI advanced 2.% each to Rs 857 and Rs 1,340, respectively.
Wipro added 2.1% to Rs 483. Larsen & Toubro was up 1.9% at Rs 2,703.
Jaiprakash Associates and Bharti Airtel inched around 1.6% each at Rs 186 and Rs 820, respectively.
Reliance gained nearly 1% to Rs 2,282.
Grasim, Mahindra & Mahindra and Hindalco were the other prominent gainers.


Ranbaxy plunged 3.1% at Rs 543. DLF declined 2.6% to Rs 498. Ambuja Cements slipped 2.6% at Rs 86.
HDFC Bank dropped 1.8% to Rs 1,164. NTPC shed 1.3% to Rs 163.
Infosys was down nearly 1% at Rs 1,877. HDFC lost 0.7% to Rs 2,172. Cipla, ACC and TCS were down 0.5% each to Rs 217, Rs 632 and Rs 888, respectively.

Comments

Popular posts from this blog

Stock Market says Merry Christmas to Investors

Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.

News - Economy

Interest rates unlikely to go down (The Economic Times 4th Jan 2008)Interest rates are unlikely to fall in near future as it was expected with the State Bank of India raising the fixed deposit rate of various maturities up to 1.5 percentage points. Other banks are also planning to raise deposit rates. After SBI increasing deposit rates, other banks have no choice but to raise the rates to mobilize resources in the domestic market, chairman of a public sector bank said. As the cost of funds for banks will increase, they will resort to raising the lending rates. A senior banker said banks would announce the increased rates in near future. More Gold zooms past Rs 11,000 per 10 gm (The Hindu Businessline 4th Jan 2008)Gold prices made history as they soared to a record $ 865.35 an ounce in the London A.M fixing on Thursday, tracking which the domestic gold surged to Rs. 11,000 per 10 gm. On Wednesday, gold was fixed at $ 840.75/oz in London while in the Indian market it quoted at Rs 10,70

IIP records negative growth of 0.4% in Oct

T he country's industrial output shrunk for the first time in many years to a record a negative growth of 0.4 per cent in October, stifled by manufacturing sector -- for rescuing which the government announced a stimulus package earlier this mo nth. Output had grown by 5.45 per cent in September, and 12.2 per cent in October, 2007. The Index for Industrial Production numbers for the seven-month period ended October was 4.1 per cent against 9.9 per cent a year ago. Manufacturing sector, which accounts for 80 per cent of the index, declined to 1.2 per cent from 13.8 per cent in the year-ago period. Only earlier this month, the government sought to rescue manufacturers by announcing an across-the-board (barring petroleum goods) four per cent cut in excise duty. Electricity sector grew by 4.4 per cent during the month, bettering 4.2 per cent output of the year-ago period, while mining sector grew by a slower 2.8 per cent against 5.1 per cent in the previous year's comparable period