Skip to main content

Day End Report

The index plunged to a low of 9,683 at the fag end of the day, and finally ended with a loss of 262 points at 9,715.

Selling was seen across the board, with realty stocks being the major drag. The BSE Realty index slumped 7.8% to 2,120. The Power and Metal indices shed 4.7% each at 1,738 and 5,305, respectively. The IT and Capital Goods indices slipped around 4% each to 2,248 and 6,812, respectively.

The market breadth was fairly negative - out of 2,597 stocks traded so far, 1,568 declined, 957 advanced and the rest were unchanged today.

Satyam slumped 30% to Rs 158 today following the Maytas deal fiasco. Yesterday the company had announced its plans to diversify into infrastructure by approving $1.6 billion investment in Maytas Infra and Maytas Properties. However, today the company called off the deal following negative feedback from the investor community.

Reliance Infrastructure and Reliance Communications tumbled over 13% each to Rs 549 and Rs 203, respectively.

Jaiprakash Associates plunged over 12% to Rs 77. ACC and DLF crashed around 9% each to Rs 486 and Rs 253, respectively.

Tata Power shed 6% at Rs 703. Sterlite dropped over 5% to Rs 271.

Bharti Airtel and BHEL slipped around 4.5% each to Rs 710 and Rs 1,340, respectively.

Larsen & Toubro declined 3.3% to Rs 783. Hindalco and SBI were down 3% each at Rs 54 and Rs 1,201, respectively.

ICICI Bank surged 2.5% to Rs 432, and HDFC Bank rallied nearly 2% to Rs 1,002.

Infosys and Wipro gained 1.5% each at Rs 1,140 and Rs 243, respectively.

Hindustan Unilever and Mahindra & Mahindra were up 1.3% each at Rs 251 and Rs 304, respectively.

Comments

Post a Comment

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.
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more