Wednesday, August 27, 2008
Market 26th August 2008, • Rupee depreciated to trade at INR 43.85 against the dollar

 Market in a nutshell

  

  • Taking cues from global peers, local bourses opened weak and remained in the negative territory for major part of the day. The final hour however saw some buying which helped the indices pare losses and end marginally in the green. Sensex closed at 14,482 (up 32 points), while Nifty closed at 4,338 (up 3 points).
  • Nifty August Futures were trading at a premium of around 5-10 points to spot for major part of the session.
  • BSE Bankex advanced 2% to 6,863, with HDFC Bank climbing 4% to INR 1,255. BSE Oil and Gas Index slipped 1% to 9,768, with Reliance down 2% to INR 2,180.
  • Market breadth was slightly negative with an Advance: Decline Ratio of 8:10. India Bulls Real Estate fell 5% to INR 287, while Amtek was down 4% to INR 174.
  • Cash volumes were low at INR 124,588 mn (NSE+BSE) as against a 5 DMA of INR 126,555 mn. F&O volumes were at INR 448,621 mn as against a 5 DMA of INR 497,794 mn.

Eye Catchers  

  • Strides Arcolab gained 6.5% to INR 198 with volumes of 306,273 (up 1440%).

Market News

  • Rupee depreciated to trade at INR 43.85 against the dollar.
  • Nymex crude fell to trade at $113.25/bbl. Base metals were trading on a weak note with zinc and copper down 2.5%.
  • Bharat Heavy Electricals won a contract worth INR 1.40 bn from the United Arab Emirates for two gas turbines generating units of 42 MW each.

Indices performance

CURRENT PREV. %CHANGE
S&P CNX NIFTY

       4,337.50

    4,335.35

0.05%
CNX NIFTY JUNIOR

       7,008.05

    6,987.65

0.29%
CNX IT

       3,897.10

    3,850.85

1.20%
BANK NIFTY

       5,943.20

    5,860.80

1.41%
CNX 100

       4,133.55

    4,130.10

0.08%
S&P CNX DEFTY

       3,412.25

    3,432.80

-0.60%
S&P CNX 500

       3,468.90

    3,467.40

0.04%
CNX MIDCAP

       5,668.25

    5,667.75

0.01%
NIFTY MIDCAP 50

       2,132.20

    2,135.10

-0.14%
Top Gainers
Symbol Open High Low Last Price Prev. Close % Change
HDFCBANK

       1,200.00

    1,262.00

      1,195.75

      1,251.30

   1,207.70

        3.61
SATYAMCOMP

          394.90

       408.00

         390.00

         406.75

      393.45

        3.38
HCLTECH

          226.00

       231.50

         225.00

         230.40

      224.10

        2.81
WIPRO

          420.00

       430.00

         418.05

         429.30

      420.00

        2.21
BHEL

       1,700.00

    1,728.00

      1,664.10

      1,721.90

   1,688.85

        1.96
Top Losers
Symbol Open High Low Last Price Prev. Close % Change
SUZLON

          213.00

       214.00

         203.20

         207.25

      216.45

       (4.25)
ZEEL

          217.10

       219.80

         211.05

         215.25

      221.00

       (2.60)
RELIANCE

       2,219.00

    2,219.00

      2,146.65

      2,179.35

   2,232.00

       (2.36)
DRREDDY

          583.05

       590.70

         571.00

         573.70

      587.35

       (2.32)
IDEA

            83.20

        83.20

          81.60

          81.95

        83.20

       (1.50)


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