Thursday, March 27, 2008
Market 27th March 2008

 Market in a nutshell 

  • Following global peers, domestic bourses opened deep in the red and remained weak throughout the day. Late afternoon trades saw muted recovery from the low levels leading the Sensex to close at 16,016 (down 71 points), while Nifty closed at 4,830 (up 2 points).
  • BSE FMCG Index gained 2% to 2,280, with Hindustan Unilever up 4% to INR 244. BSE IT Index declined 3% to 3,580, with Mphasis down 6.5% to INR 182.
  • The March series contracts saw weaker Nifty rollovers as compared to the average primarily due to lack of aggression by short rollers. This also caused the Nifty roll cost to move into a premium of nearly 30 points during the day.
  • Nifty April Futures were trading at a premium of 15-20 points to spot for major part of the session.
  • Market breadth was positive with an Advance: Decline Ratio of 1.2:1.Sasken advanced 10% to INR 102, while Amtek was down 8% to INR 248.
  • Cash volumes were at INR 218,554 mn (NSE+BSE) as against a 5 DMA of INR 194,108 mn. F&O volumes were high at INR 643,089 mn as against a 5 DMA of INR 521,618 mn.

Eye Catchers

  • Maharashtra Seamless was up 4.5% to INR 296 with volumes of 1,719,197 (up 1200%).
  • Strides Arcolab fell 7% to INR 146 with volumes of 159,921 (up 410%).

Market News

  • Rupee was steady trading at INR 40.12 against the dollar.
  • Nymex crude rose to trade at $ 107.04/bbl. Base metals were trading on a strong note, with lead up 2%.

Indices Performance

CURRENT PREV. %CHANGE
S&P CNX NIFTY

           4,830.25

        4,828.85

0.03%
CNX NIFTY JUNIOR

           7,979.80

        8,034.80

-0.68%
CNX IT

           3,735.10

        3,831.05

-2.50%
BANK NIFTY

           6,969.30

        7,120.90

-2.13%
CNX 100

           4,617.35

        4,620.50

-0.07%
S&P CNX DEFTY

           4,172.20

        4,168.40

0.09%
S&P CNX 500

           3,862.25

        3,867.25

-0.13%
CNX MIDCAP

           6,137.90

        6,161.20

-0.38%
NIFTY MIDCAP 50

           2,309.05

        2,331.30

-0.95%
Top Gainers
Symbol Open High Low Last Price Prev. Close % Change
HINDALCO

              158.40

           176.80

              158.40

              173.15

          161.85

             6.98
SUZLON

              228.00

           243.00

              221.00

              239.70

          228.20

             5.04
HINDUNILVR

              239.75

           247.95

              232.40

              244.70

          235.10

             4.08
UNITECH

              265.00

           293.00

              262.25

              281.85

          270.80

             4.08
SUNPHARMA

           1,208.00

        1,283.00

           1,200.00

           1,255.15

       1,210.30

             3.71
Top Losers
Symbol Open High Low Last Price Prev. Close % Change
HCLTECH

              272.60

           280.90

              259.00

              263.35

          276.40

            (4.72)
SATYAMCOMP

              408.00

           416.00

              392.30

              395.55

          414.15

            (4.49)
TATACOMM

              557.00

           580.00

              522.20

              538.05

          562.80

            (4.40)
SBIN

           1,700.00

        1,721.00

           1,626.35

           1,646.60

       1,713.70

            (3.92)
INFOSYSTCH

           1,490.05

        1,490.05

           1,426.10

           1,441.75

       1,499.50

            (3.85)


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