Market
Commentary
market watch
last close
change
% change
BSE Index
14645.47
-22.95 -0.16
NSE Index
4340.9
-1.5 -0.03
Key benchmark indices ended with small losses in what was a choppy trading session. The BSE Sensex was down 22.72 points at 14,622.75. The S&P CNX Nifty was down 1.50 points to 4,339.40. The market breadth was positive. On the BSE, 1,417 shares rose as compared with 1,156 that fell. RIL fell 2.64% to Rs 2,003. PSU OMCs rose. HPCL and IOC rose by between 1.28% and 2.01%. BPCL fell 0.6%. ONGC rose 6.38%. GAIL India jumped 7.69%. Metal stocks rose. Sterlite Industries, Hindustan Zinc, Hindalco Industries, Jindal Steel and SAIL rose by between 0.33% and 3.84%. Tata Steel rose 5.82%. Auto stocks fell. Maruti Suzuki India fell 1.79%. M&M fell 0.61%. Tata Motors fell 2.19%. Hero Honda Motors slipped 0.92%. Aurobindo Pharma declined 2.4% to Rs 470. Suggesting sweeping tax reforms, the Economic Survey released ahead of Monday’s Budget announcement for the fiscal year ending in March 2010, asked for rationalising the dividend distribution tax so that dividend is taxed in the hands of receiver. According to the current dispensation, a company pays tax on dividend declared to shareholders, which is called dividend distribution tax. The dividend is tax-free in shareholders hand. The survey also called for a review and phasing out of surcharges, cesses and transaction taxes such as commodities transaction tax, securities transaction tax and fringe benefit tax. The Economic Survey said the economy could grow around 7% in the year ending March 2010 if the US economy recovers by September 2009. It further said the economy could return to 8.5-9% growth in the medium-term if reforms are pursued. It said the government should free diesel and petrol prices at the earliest. The report said the government should take advantage of the recent low price in oil costs to free petrol and diesel prices.
Sector
Watch
Health Care
Top
Gainers
Top Losers
Scrip Name
Closing Price
%Change
GlenmarkPhar
218.50
4.25
GSK Pharma
1,268.50
4.15
Apollo Hspt
601.90
2.57
SunPhrmInds
1,140.00
1.94
Cipla
248.95
1.59
Information Technology
Top
Gainers
Top Losers
Scrip Name
Closing Price
%Change
Satyam Compu
77.20
4.96
Finan.Techno
1,315.00
2.51
Tech Mahindr
765.10
2.41
Patni Comput
262.00
1.02
Wipro
380.80
0.62
Capital Goods
Top
Gainers
Top Losers
Scrip Name
Closing Price
%Change
HavellsIndia
299.00
15.09
SKF India
265.00
11.11
Kalpatru Pwr
789.95
5.35
CromptonGrev
300.05
2.53
Everest Kant
196.00
1.98
BSE PSU Index
Top
Gainers
Top Losers
Scrip Name
Closing Price
%Change
GAIL
310.00
7.69
ONGC
1,124.10
6.79
PFC
207.90
6.75
Rural Electr
174.10
5.58
Hind Copper
245.95
4.99
Consumer Durables
Top
Gainers
Top Losers
Scrip Name
Closing Price
%Change
Rajesh Expo
43.80
5.16
Gitanjali
108.45
1.17
Titan Inds
1,186.00
0.73
FMCG Index
Top
Gainers
Top Losers
Scrip Name
Closing Price
%Change
Ruch SoyaInd
43.50
7.41
Dabur India
129.60
4.39
GodrejConsum
170.80
3.02
Marico
74.40
0.81
BritaniaInds
1,579.00
0.58
International
Markets
market watch
Last Close
Change
% change
FTSE
Data not available.
NASDAQ
2,513.04
+16.73 +0.67 %
DOW
12,786.64
+19.07 +0.15 %
NIKKEI
17,913.21
-25.91 -0.14 %
HSI
20,651.42
+83.51 +0.41 %
Asian markets: Most of the Asian stocks were trading lower today. Key benchmark indices in Japan, Singapore, Hong Kong and South Korea fell by between 0.01% and 1.09%. Key benchmark indices in China and Taiwan rose by between 1.35% and 1.73%.
US markets: US stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the US reinforced hopes that the world’s economy is on the road to recovery. A day after the S&P 500 wrapped up its best quarter in a decade, investors put new money into stocks, boosting growth-sensitive sectors like energy, industrials, technology, materials and consumer discretionaries.
ADR prices (USD)
Last Close
Change
% change
ICICI BANK
44.58
+0.23 +0.52 %
REDIFF
NA
NA
NA
SILVERLINE
Data not available.
VSNL
19.20
-0.15 -0.78 %
DR REDDYS
17.26
+0.10 +0.58 %
WIPRO
18.32
NA
NA
SATYAM COMP
23.55
-0.38 -1.59 %
INFOSYS
NA
NA
NA
SATYAM
NA
NA
NA
Previous Commentary
Mid-Session Commentary
at
7/2/2009 12:52:20 PM
Pre-Opening Commentary
at
7/2/2009 10:10:10 AM
related links
Derivatives Summary
Weekly Snapshot
Top Gainers CMP
% ch
TORRENTPOWER
190.80
10.51
GMDC
92.05
9.98
GAIL
310.00
7.69
SINTEX INDS
240.20
7.66
ONGC
1,124.10
6.79
more
Top Losers CMP
% ch
BANKOFBARODA
428.60
-4.79
REIAGROLTD
70.30
-4.68
BIOCON INDIA
218.25
-4.00
INDIA INFO
126.90
-3.86
ABAN OFFSHOR
860.00
-3.86
more
Volume Toppers CMP
Value
EDUCOMP SOLU
4,252.00
4,170.52
TATA STEEL
418.00
2,631.08
ONGC
1,124.10
2,160.34
DLF
333.00
1,725.65
REL
1,248.90
1,371.12
more
FII Investments
Date
Type
Net Invest (Rs.cr)
01/07/2009
Equity
228.90
01/07/2009
Debt
-245.80
more
