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

Post a Comment

Popular posts from this blog

Jyoti Structures bags Rs 253 cr worth orders

Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
Post a Comment
Read more

Banking stocks take severe hit

(The Hindu Business Line 1st April 2008) Stocks in the banking sector took a severe hit on Monday, leading the market fall. The BSE Bankex was down a 5.89 per cent, sliding more than the Sensex which declined by over 4 per cent. In the bear run in the recent weeks, the BSE-Bankex index has been the hardest hit; it has shed close to 2400 points in the last one month. Inflation figures are a big cause for worry for the banking sector as a whole, said analysts. Inflation has shot up to 6.68 per cent, its highest in more than a year. “With such high inflation figures, the chances of a reduction in the interest rates have become even less. The buzz in the market is that this might lead the RBI to hike the CRR rate to curb inflation,” said Ms Anita Gandhi, Head Institutional Business, Arihant Capital Markets. Another reason, marketmen said, is that the cues for growth in the fourth quarter for banks seem weak. “In the third quarter, the banks declared good profits, but we will see a reversal...
1 comment
Read more

Diwali bang: Reliance Ind offers 1:1 bonus, interim of Rs 13

Reliance Industries Ltd announced a 1:1 bonus share issue, the first time in 12 years. According to a proposal approved by the RIL board on Wednesday, all shareholders will get one free share for every share held by them. Around 35 lakh shareholders will benefit from this so called ‘Diwali bonus’. The last bonus issue (also 1:1) by RIL was in 1997. The RIL board also proposed an interim dividend of Rs 13 per share for 2008-09. The dividend will entail an outgo of Rs 2,219 crore, including Rs 322 crore in taxes, said a senior company official. The board also approved the audited results of RIL for the year ended March 31, 2009.
1 comment
Read more