Skip to main content

Day end Report

The Sensex opened with a negative gap of 148 points at 14,423. Minor pull-back in opening trades saw the index touch a high of 14,511.
The index, however, soon slipped deeper into red and touched a low of 14,163 - down 408 points from its previous close. Selective buying at lower levels helped the index recover some of its losses.
The Sensex finally ended with a loss of 278 points at 14,293.
The market breadth was extremely negative - out of 2,697 stocks traded, 2,222 declined, 425 advanced and 50 were unchanged today.
The NSE Nifty shed 81 points and ended at 4,266.
Jaiprakash Associates and Hindalco slumped 8% each to Rs 153 and Rs 148, respectively.
Larsen & Toubro tumbled 6.5% to Rs 2,396. Maruti and Ranbaxy plunged 5.5% each to Rs 688 and Rs 513, respectively.
Reliance Infrastructure and Mahindra & Mahindra shed over 4.5% each at Rs 917 and Rs 549, respectively.
Tata Steel slipped over 4% to Rs 746. Reliance and SBI dropped 3.5% each to Rs 2,022 and Rs 1,205, respectively.
ACC and BHEL slipped over 3% each to Rs 606 and Rs 1,361, respectively.
DLF and ICICI Bank declined around 2% each to Rs 446 and Rs 721, respectively.
ONGC surged 2.5% to Rs 887. HDFC advanced 1.4% to Rs 2,215.
Wipro, Infosys and Satyam were up over 1% each at Rs 480, Rs 1,848 and Rs 460, 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