Friday, April 07, 2006

Indian Stock Market - Evening Update (Friday)

Sensex opened in a positive note and at one time gained more than 100 points , later in the day (about 01:00) due to profit booking the sensex crashed down to finally close the day and week below 11,600 at 11,589 down by 157 points or 1.3% .
Sensex days range - 11,564.87 - 11,930.66

BSE MidCap closed at 5534 -80 -1.4%
BSE SmallCap closed at 6873 -67 -0.97%
BSE BankEx closed at 5,361 -172 -3.13%

Source of this crash seems to be this: Sensex Volatile
"There are rumours that a few foreign funds have been asked by the SEBI to square positions in the derivatives segment," said a trader.

Nifty also opened aggressively and touched a new high of 3,555 but due to selling pressure crashed down to 3,454 -56 -1.6%
Nifty days range - 3,445.90 - 3,555.50
CNX Nifty Junior - 6651 -1.5%
Bank Nifty - 4717 -3.19%

Top Gainers:
- ACC 886 +5.6%
- Jet Airways 1022 +3.91%
- Infosys 3167 +1.68
- Grasim 2198 +1.48
- Zee tele 250 1.42%

Top Losers:
- HPCL 329 -4.5%
- HDFC Bank 802 -4.5%
- Satyam 823 -4%
- GAIL 307 -3.8%
- RanBaxy 457 -3.5%

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