Skip to main content

Day End Report

The index slumped to a low of 9,510, and finally ended with a huge loss of 749 points (7.2%) at 9,587. In the process, the index wiped out its entire gains registered in the last four trading days.

The BSE Mid-cap index plunged over 7% to 3,198, and the Small-cap index shed 6.3% at 3,663.

The BSE Realty index tanked 19% to 1,965. The Oil & Gas and IT indices shed 9.3% each at 5,944 and 2,128, respectively. The Bankex dropped 8% to 5,489.

The market breadth was extremely negative - out of 2,582 stocks traded, 2,110 declined, 415 advanced and the rest were unchanged today.

Satyam slumped today following Ramalinga Raju's resignation as the company's managing director, and subsequent confession of a fraud in the company's accounts management by him. The stock, which, touched a high of Rs 189 in morning trades, saw a free fall and tumbled to a low of Rs 31. The stock finally ended with a huge loss of almost 78% (Rs 139) on the back of hefty volumes of around 14.30 crore shares.

Jaiprakash Associates plunged 29% to Rs 71. Reliance Communications shed 17% at Rs 207, and DLF tumbled 16% to Rs 235.

Reliance Infrastructure cracked 13.5% to Rs 559, and Reliance dropped 12.5% to Rs 1,197.

ICICI Bank slipped 10.5% to Rs 468. Larsen & Toubro declined 8.6% to Rs 776.

HDFC Bank was down over 8% at Rs 1,011. Ranbaxy and Tata Motors shed 7% each at Rs 236 and Rs 173, respectively.

SBI, ACC, Hindalco, Mahindra & Mahindra and Tata Steel were the other major losers.

Hindustan Unilever gained 2% at Rs 251. Infosys moved up 1.7% to Rs 1,187.

Comments

Post a Comment

Popular posts from this blog

RBS picks up 0.60% stake in Gateway Distriparks

The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
Post a Comment
Read more

Day End Report

The Sensex opened with a huge downward gap of 250 points at 13,856, and soon touched a low of 13,731. Another rise in repo rate and Cash Reserve Ratio by the RBI sparked off heavy sell-off in opening trades. However, fresh buying at lower levels helped the index recover all its losses by mid noon trades. A fresh round of buying in late trades saw the index surge to a high of 14,249 - up 518 points from the days low. The Sensex finally settled with a gain of 113 points at 14,220. The NSE Nifty ended with a gain of 60 points at 4,251. The market breadth was marginally positive- out of 2707 stocks traded, 1,370 advanced, 1,264 declined and 73 were unchanged today. Reliance Communications (RCom) zoomed 7.2% at Rs 509. Tata Steel surged 4.5% at Rs 743. DLF and Reliance Infra gained 4.2% each at Rs 458 and Rs 945, respectively. TCS and Bharti Airtel advanced 4% each at Rs 877 and Rs 780, respectively. Ranbaxy was up 3.8% at Rs 545. BHEL gained 3.7% at Rs 1,442. Reliance advanced 3.4% to Rs 2...
Post a Comment
Read more

Auto industry records highest-ever sales in Jan

Riding on the back of economic growth, easy availability of finance and the continuing fiscal stimulus, the domestic auto industry has posted the highest ever monthly sales in January. The strong growth is both in terms of passenger car volumes and the total vehicle sales. According to Society of Automobile Manufacturers (SIAM) data, the passenger car segment has posted a 32 per cent growth in domestic sales at 145,905 units in January, over the same month last year. The last highest-ever monthly sales in the segment were in March 2009, when it sold 129,358 units. Meanwhile, overall sales across the industry grew 45 per cent at 1,114,157 units. The earlier record of highest ever monthly sales was in October 2006, when the industry had sold 1,017,198 units. Individually, the umbrella passenger vehicle segment posted a 37 per cent growth, while the commercial vehicle (CV) segment grew 131 per cent. Also, the two-wheeler and three-wheeler segments rose 43 and 47 per cent, respectively.
Post a Comment
Read more