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Rediff.com  » Business » Volatile Sensex slips 76 points; SBI soars 4%

Volatile Sensex slips 76 points; SBI soars 4%

November 22, 2007 16:54 IST
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The Sensex opened with a positive gap of 121 points at 18,724, and after touching day's high of 18,745, the index soon slipped into red. The index, thereafter, exhibited highly volatile movement wherein it gyrated between zones and tumbled to a low of 18,183 - down 562 points from the day's high.

Aggressive short covering in the last half-hour saw the Sensex rebound and gain nearly 100 points. The index finally ended with a loss of 76 points at 18,526. The NSE Nifty ended at 5,519, down 42 points.

The BSE Realty index plunged 5% to 9457, and the Power index tumbled over 2% to 4151. The Bankex moved up 1.8% to 10,406.

The market breadth was extremely negative - out of 2,816 stocks traded, 1,959 declined, 811 advanced and 46 were unchanged on Thursday.

INDEX MOVERS...

SBI zoomed 4% to Rs 2,242. Maruti surged 3% to Rs 980.

ACC, ICICI Bank and Bajaj Auto rallied over 2% each to Rs 1,103, Rs 1,127 and Rs 2,473, respectively.

Hindalco, Cipla and Bharti Airtel advanced 1% each to Rs 186, Rs 183 and Rs 907, respectively.

...AND THE SHAKERS

DLF plunged 5.5% to Rs 823.

Reliance Energy and NTPC tumbled 5% each to Rs 1,605 and Rs 228, respectively.

Larsen & Toubro dropped 4% to Rs 3,942, and ONGC shed 3.6% at Rs 1,150.

Ranbaxy and HDFC slipped 1.5% each to Rs 393 and Rs 2,561, respectively.

Infosys and Reliance Communications were down over 1% each at Rs 1,532 and Rs 674, respectively. 

Major Gainers

Major Losers

Name

Close

% Chg

Name

Close

% Chg

JCT Elect 3.27 19.8 Vinati Org 110.00 35.3
Wires Fab 75.00 17.0 Mukand Crps 4.66 19.9
Majestic Aut 38.60 15.2 Panch Steel 263.20 15.4
D-Link 99.65 14.8 Dalmi Cem 1751.00 14.6
TCFC Fin 63.75 11.8 Jyoti Res 2.50 13.5
(Close = Stock pirce at the end of day in Rs)

VALUE & VOLUME TOPPERS

Reliance Petroleum topped the value chart with a turnover of Rs 504.20 crore followed by Reliance Natural Resources (Rs 311.55 crore), Reliance (Rs 288.70 crore), Reliance Capital (Rs 283 crore) and Larsen & Toubro (Rs 238.80 crore).

Reliance Petroleum led the volume chart with trades of around 2.46 crore shares followed by Reliance Natural Resources (2.16 crore), Ispat Industries (1.73 crore), Tata Teleservices (1.64 crore) and IFCI (1.23 crore).
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