Domestic market ended the day with heavy losses as witnessed a sharp fall during the trading session on the back of sustained selling activity over the counters. Market opened on weak note tracking unfavorable cues from global markets and further continued to lose ground ahead of inflation data for the weak ended 2nd August 2008, due to be released today evening. Due to some buying, domestic markets made a partial recovery after mid session. But this recovery was not sustained and market continued to meltdown till the end of session. Due to the heavy selling during the final trading hours, market closed in deep red. It was a bad day for the market as BSE Sensex ended below 15,000 level and NSE Nifty ended below 4,450 mark. From the sectoral front, most of the indices underperformed and among that Reality index closed with deep cut of more around 8%. Along with that Bank stocks lost more than 5%. Capital Goods, Oil & Gas, Power and Auto stocks also witnessed heavy selling from these baskets. However, IT index was in limelight as it was able to gain the market favor. The market breadth was negative as 811 stocks closed in green while 1849 stocks closed in red and 70 stocks remained unchanged.
SEBI meeting was scheduled yesterday (13th August 2008) to review the regulatory framework governing P-notes. SEBI has brought down the timeline for rights issue of shares. Rights issues could now be completed in just 43 days after filing, instead of the existing 109 days.
The BSE Sensex closed lower by 368.94 points at 14,724.18 and NSE Nifty ended down by 98.35 points at 4,430.70. The BSE Mid Caps and Small Caps closed with losses of 105.95 points and 119.33 points at 5,823.42 and 7,110.44 respectively. The BSE Sensex touched intraday high of 15,033.28 and intraday low of 14,686.66.
Lossers from the BSE are DLF Ltd (8.66%), JP Associates (7.74%), Reliance Infra (7.72%), SBI (6.24%), ICICI Bank Ltd (5.25%), HDFC (5.21%), L&T Ltd (4.84%), BHEL (4.47%) and Reliance Com Ltd (3.75%).
The BSE Capital Goods index dropped by 468.22 points to close at 12,138.72. Lossers are Elecon Eng C (7.12%), Punj Lloyd (6.93%), Gammon Ind (6.31%), Crompton Greaves (4.89%), L&T Ltd (4.84%), BHEL (4.47%) and Alstom Proje (3.44%).
The BSE Reality index ended lower by 447.30 points at 5,163.53. Major lossers are Indiabull Real (13.89%), DLF Ltd (8.66%), Housing Development (7.54%), Unitech Ltd (26.82%), Akruti City (5.14%) and Anant Raj Indus (5.04%).
The BSE Bank index closed lower by 368.44 points at 6,902.96. Lossers are Canara Bank (8.37%), PNB (6.91%), Kotak bank (6.28%), SBI (6.24%), Bank of Baroda (6.14%), Union Bank (6.03%) and Bank of India (5.34%).
The BSE Oil & Gas index ended down by 241.94 points at 10,197.05. As HPCL (6.44%), Reliance Nat Res (6.29%), Essar Oil Ltd (2.82%), Relaince (2.80%), IOC (2.64%) and BPCL (2.08%) closed in negative territory.
The BSE Power lost 81.21 points to close at 2,648.63. As Reliance Infra (7.72%), Crompton Greaves (4.89%), GMR Infra (4.63%), BHEL (4.47%), R Power (4.17%) and Lanco Infra (3.80%) closed in negative territory.
The BSE IT index gained 83.00 points to close at 3,896.96. Major gainers are Mphasis Ltd (5.49%), Infosys Tech (3.95%), HCL Tech (2.50%), Satyam Computer (1.39%), I-Flex (1.28%) and Patni Computer (1.15%).
SEBI meeting was scheduled yesterday (13th August 2008) to review the regulatory framework governing P-notes. SEBI has brought down the timeline for rights issue of shares. Rights issues could now be completed in just 43 days after filing, instead of the existing 109 days.
The BSE Sensex closed lower by 368.94 points at 14,724.18 and NSE Nifty ended down by 98.35 points at 4,430.70. The BSE Mid Caps and Small Caps closed with losses of 105.95 points and 119.33 points at 5,823.42 and 7,110.44 respectively. The BSE Sensex touched intraday high of 15,033.28 and intraday low of 14,686.66.
Lossers from the BSE are DLF Ltd (8.66%), JP Associates (7.74%), Reliance Infra (7.72%), SBI (6.24%), ICICI Bank Ltd (5.25%), HDFC (5.21%), L&T Ltd (4.84%), BHEL (4.47%) and Reliance Com Ltd (3.75%).
The BSE Capital Goods index dropped by 468.22 points to close at 12,138.72. Lossers are Elecon Eng C (7.12%), Punj Lloyd (6.93%), Gammon Ind (6.31%), Crompton Greaves (4.89%), L&T Ltd (4.84%), BHEL (4.47%) and Alstom Proje (3.44%).
The BSE Reality index ended lower by 447.30 points at 5,163.53. Major lossers are Indiabull Real (13.89%), DLF Ltd (8.66%), Housing Development (7.54%), Unitech Ltd (26.82%), Akruti City (5.14%) and Anant Raj Indus (5.04%).
The BSE Bank index closed lower by 368.44 points at 6,902.96. Lossers are Canara Bank (8.37%), PNB (6.91%), Kotak bank (6.28%), SBI (6.24%), Bank of Baroda (6.14%), Union Bank (6.03%) and Bank of India (5.34%).
The BSE Oil & Gas index ended down by 241.94 points at 10,197.05. As HPCL (6.44%), Reliance Nat Res (6.29%), Essar Oil Ltd (2.82%), Relaince (2.80%), IOC (2.64%) and BPCL (2.08%) closed in negative territory.
The BSE Power lost 81.21 points to close at 2,648.63. As Reliance Infra (7.72%), Crompton Greaves (4.89%), GMR Infra (4.63%), BHEL (4.47%), R Power (4.17%) and Lanco Infra (3.80%) closed in negative territory.
The BSE IT index gained 83.00 points to close at 3,896.96. Major gainers are Mphasis Ltd (5.49%), Infosys Tech (3.95%), HCL Tech (2.50%), Satyam Computer (1.39%), I-Flex (1.28%) and Patni Computer (1.15%).
No comments:
Post a Comment