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Volatile Sensex slips 76 points; SBI soars 4%
 
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November 22, 2007 16:54 IST
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 [Get Quote] zoomed 4% to Rs 2,242. Maruti [Get Quote] surged 3% to Rs 980.

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

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

...AND THE SHAKERS

DLF plunged 5.5% to Rs 823.

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

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

Ranbaxy [Get Quote] and HDFC [Get Quote] slipped 1.5% each to Rs 393 and Rs 2,561, respectively.

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

Major Gainers

Major Losers

Name

Close

% Chg

Name

Close

% Chg

JCT Elect3.2719.8Vinati Org110.0035.3
Wires Fab75.0017.0Mukand Crps4.6619.9
Majestic Aut38.6015.2Panch Steel263.2015.4
D-Link99.6514.8Dalmi Cem1751.0014.6
TCFC Fin63.7511.8Jyoti Res2.5013.5
(Close = Stock pirce at the end of day in Rs)

VALUE & VOLUME TOPPERS

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


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