Skip to main content

Day End Report

After opening with a positive gap of 73 points at 15,577, the index could barely a tad higher to touch a high of 15,580. Profit-taking at higher levels saw the index soon slip into the negative zone.
Significant weakness in banking, metal and technology stocks saw the index slide to a low of 15,125 - down 455 points from the day's high. The Sensex recouped some losses but eventually ended with a loss of 292 points at 15,212.
The BSE Bankex and the Metal index dropped around 3.5% each to 7,437 and 12,661, respectively. The IT index slipped nearly 3% to 3,772.
The market breadth was fairly negative - out of 2,729 stocks traded, 1,556 declined and 1,100 advanced today.
The NSE Nifty shed 68 points to settle at 4,552.

Tata Steel slumped 5.7% to Rs 608. Maruti tumbled over 5% to Rs 678.
Jaiprakash Associates and Sterlite shed 4.5% each at Rs 189 and Rs 597, respectively.
ICICI Bank, HDFC and Infosys dropped around 4% each to Rs 738, Rs 2,467 and Rs 1,604, respectively.
Tata Power and HDFC Bank slipped around 3.5% each to Rs 1,037 and Rs 1,264, respectively.
Bharti Airtel and Tata Motors declined around 2.5% each to Rs 823 and Rs 436, respectively.
SBI, Wipro, Ranbaxy, Satyam and TCS were down around 2% each.

ITC advanced over 1% to Rs 195.
Grasim, Mahindra & Mahindra, Reliance and Hindustan Unilever were the other gainers today.

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