Skip to main content

Day End Report

The Sensex opened with significant positive gap of 258 points at 9,161 on the back of positive cues from the US markets. The index soon touched a high of 9,183, and thereafter pared gains as the day progressed.Significant weakness in select energy, realty and banking stocks dragged the index into the negative zone. The index tumbled to a low of 8,649 - down 534 points from the day's high. The Sensex finally ended with a loss of 208 points at 8,696.Market breadth was extremely weak. Of the 2,524 stocks traded on the BSE, 1,442 stocks declined, 995 stocks advanced and 87 stocks ended unchanged. All the sectoral indices were bashed bar the BSE CD. BSE Oil & Gas led the slump falling by 3.86% for the session. BSE CG was down 2.56%, BSE Realty lost 2.51% and BSE Bankex dropped 2.01%. The remaining sectoral indices slipped by around 1-2% each.

Of the 30 Sensex stocks, 23 ended in the red, with oil and capital goods stocks taking a strong beating. Among oil stocks, Aban Offshore plummeted by 6.85% at Rs707.65 and Reliance Industries Ltd (RIL) crashed by 6.40% at Rs1,071.70. Capital goods major, Suzlon Energy slumped 9.49% at Rs42.45 and BEML lost nearly 9% at Rs290. Index heavyweight Mahindra & Mahindra plunged 7.63% at Rs276.65, State Bank of India (SBI) shed 6.55% at Rs1,071.70, Reliance Communications declined by 4.98% at Rs195.55, Ranbaxy Laboratories slipped by 4.70% at Rs203.60 and Sterlite Industries fell by 4.64% at Rs204.65. 

Satyam and Tata Motors rallied nearly 2% each to Rs 234 and Rs 136, respectively.

ONGC and Maruti were up 1% each at Rs 686 and Rs 535, 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