Friday, February 29, 2008
Market 28th Feb 2008

  Market in a nutshell 

  • Markets opened on a cautious note and traded within a narrow range, with a negative bias throughout the day. The last half hour saw some buying interest causing the Sensex to finally close at 17,825 (down 2 points) while Nifty closed at 5,285 (up 17 points).
  • BSE Healthcare and Metal Indices both advanced around 2% to 3,926 and 16,972 respectively. Sun Pharmaceuticals gained 5.5% to INR 1,259, while National Aluminum was up 7% to INR 478.
  • Nifty March Futures were trading at a discount of 15 points to spot for the first half, which increased to 30 points during the second half.
  • Market breadth was marginally negative with an Advance: Decline Ratio of 0.8:1. Nagarjuna Fertilisers advanced 6% to INR 57, while Union Bank shed 6% to INR 178.
  • Cash volumes were at INR 196,048 mn (NSE+BSE) as against a 5 DMA of INR 175,179 mn. F&O volumes were at INR 610,653 mn as against a 5 DMA of INR 501,766 mn.

Eye Catchers

  • Bata gained 4.5% to INR 169 with volumes of 976,375 (up 420%).
  • Hero Honda was up 3.5% to INR 748 with volumes of 342,658 (up 400%).

Market News

  • Rupee was trading at INR 39.88 against the dollar.
  • Nymex crude was trading at $ 99.24/bbl. Base metals were trading on a strong note, with zinc up 8%.

Indices Performance

CURRENT

PREV.CLOSE

%CHANGE

 

 

 

S&P CNX NIFTY

5,285.10

5,268.40

0.32%

 

 

 

CNX NIFTY JUNIOR

9,658.05

9,794.65

-1.39%

 

 

 

CNX IT

4,062.35

4,058.60

0.09%

 

 

 

BANK NIFTY

8,608.25

8,719.60

-1.28%

 

 

 

CNX 100

5,124.75

5,121.70

0.06%

 

 

 

S&P CNX DEFTY

4,593.70

4,585.85

0.17%

 

 

 

S&P CNX 500

4,404.35

4,407.95

-0.08%

 

 

 

CNX MIDCAP

7,219.85

7,233.95

-0.19%

 

 

 

NIFTY MIDCAP 50

2,809.25

2,826.25

-0.60%

 

 

 

 

 

 

 

 

 

Top Gainers

 

 

 

 

 

 

Symbol

Open

High

Low

Last Price

Prev. Close

% Change

NATIONALUM

441.30

496.95

432.00

482.70

447.10

7.96

TATACOMM

490.00

549.00

490.00

525.25

487.05

7.84

DRREDDY

541.70

583.95

541.00

572.35

541.70

5.66

SUNPHARMA

1,190.00

1,280.00

1,190.00

1,254.20

1,200.60

4.46

HINDALCO

196.00

205.00

193.50

204.30

195.95

4.26

Top Losers

 

 

 

 

 

 

Symbol

Open

High

Low

Last Price

Prev. Close

% Change

PNB

595.95

599.00

571.00

575.45

597.55

(3.70)

REL

1,630.00

1,650.00

1,584.10

1,594.55

1,634.50

(2.44)

SBIN

2,090.70

2,096.00

1,996.35

2,039.10

2,087.90

(2.34)

RELIANCE

2,580.00

2,600.00

2,516.70

2,533.25

2,588.45

(2.13)

IDEA

110.05

116.80

110.05

112.35

114.50

(1.88)