Monday, March 31, 2008
Market 31st March 2008

  Market in a nutshell 

  • Unexpected rise in inflation and weak global markets dented the market mood with the indices paring off part of its last week’s gains. Persistent selling across the sectors led to further fall with software and banking sector bearing the major brunt. The Sensex finally closing at 15,644 (down 727 points) while Nifty closed at 4,735 (down 208 points).
  • BSE Bankex lost 5.9% to 7,718 with Yes Bank and ICICI Bank lost over 7% each to INR 169 and INR 770 respectively. IT Index lost 5.6% with Wipro and Rolta losing over 6% each to INR 425 and INR 262 respectively.
  • Nifty April Futures were trading at a premium of 5-6 points to spot for major part of the session.
  • Market breadth was negative with an Advance: Decline Ratio of 0.6:1. Reliance Capital lost 12% to INR 1229, while Adlabs was down 10% to INR 614. Orchid Chemicals gained 12% to INR 161.
  • Cash volumes were at INR 204,290 mn (NSE+BSE) as against a 5 DMA of INR 195,589 mn. F&O volumes were at INR 472,008 mn as against a 5 DMA of INR 560,615 mn.

Eye Catchers

  • Cummins was up 6% to INR 322 with volumes of 690,075 (up 800%).

Market News

  • Rupee weakened to INR 40.11 a dollar owing to fall in equity markets.
  • Nymex crude was trading at $ 105.03/bbl. Base metals were trading on a weak note.

Indices Performance

CURRENT PREV.CLOSE %CHANGE
S&P CNX NIFTY            4,734.50         4,942.00

-4.20%
CNX NIFTY JUNIOR            7,975.75         8,297.00

-3.87%
CNX IT            3,704.95         3,904.70

-5.12%
BANK NIFTY            6,655.00         7,037.85

-5.44%
CNX 100            4,537.85         4,734.55

-4.15%
S&P CNX DEFTY            4,105.85         4,295.30

-4.41%
S&P CNX 500            3,825.85         3,971.15

-3.66%
CNX MIDCAP            6,240.65         6,353.35

-1.77%
NIFTY MIDCAP 50            2,371.70         2,418.60

-1.94%
Top Gainers
Symbol Open High Low Last Price Prev. Close % Change
CIPLA               218.00            224.00               215.25               220.00           217.65              1.08
M&M               655.00            724.00               655.00               697.05           692.50              0.66
Top Losers
Symbol Open High Low Last Price Prev. Close % Change
HDFC            2,579.95         2,614.00            2,351.35            2,379.75        2,613.95             (8.96)
ICICIBANK               848.85            848.85               765.00               769.40           835.50             (7.91)
TATACOMM               556.40            560.00               505.00               512.95           556.40             (7.81)
DLF               695.70            695.70               641.00               645.75           696.00             (7.22)
TCS               871.05            871.05               797.00               810.45           871.05             (6.96)


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