Post Session Commentary - Jan 28 2008

The Sensex opened with a negative gap of 350 points at 18,012 on global cues. The index dropped to a low of 17,443 - down 919 points from the previous close - in morning deals.

Buying at lower levels, mainly seen in auto and financial stocks, saw the index touch a high of 18,213 - a recovery of 770 points from the day's low.

The Sensex eventually closed with a loss of 209 points (1.1%)at 18,153.

The NSE Nifty declined 109 points (2%)to 5,274.

The BSE Auto index surged 1.7% to 4,843, and the Bankex moved up over 1% to 11,521.

The BSE market breadth was extremely negative - out of 2,747 stocks traded, 1,851 declined, 865 advanced and 31 were unchanged today.

INDEX SHAKERS...

DLF and Wipro slumped around 5.5% each to Rs 893 and Rs 406, respectively.

Bharti Airtel and Infosys tumbled around 5% each to Rs 870 and Rs 1,447, respectively. Ranbaxy shed 4.8% at Rs 350.

NTPC and SBI plunged over 4% each to Rs 213 and Rs 2,308, respectively.

BHEL and Reliance Communications slipped 3.3% each to Rs 2,092 and Rs 646, respectively. TCS tumbled over 3% to Rs 854.

Tata Steel, Grasim and Satyam dropped around 2% each to Rs 698, Rs 2,970 and Rs 399, respectively.

Ambuja Cements and Reliance declined 1.8% each to Rs 115 and Rs 2,564, respectively.

...AND THE MOVERS

Bajaj Auto zoomed 8.6% to Rs 2,459. Maruti soared 4.4% to Rs 866, and Mahindra & Mahindra moved up 1.8% to Rs 686.

HDFC rallied 2.5% to Rs 2,782. ICICI Bank advanced over 1% to Rs 1,274.

Reliance Energy surged 3.3% to Rs 2,098. ACC added 1.4% to Rs 799.

VALUE & VOLUME TOPPERS

Reliance Natural Resources topped the value chart with a turnover of Rs 239.40 crore followed by Reliance Capital (Rs 179.30 crore), Reliance Energy (Rs 164.50 crore), Essar Oil (Rs 164.40 crore) and Reliance Petroleum (Rs 150.40 crore).

Reliance Natural Resources led the volume chart with trades of around Rs 1.73 crore shares followed by Ispat Industries (1.48 crore), Reliance Petroleum (91.10 lakh), IFCI (76.25 lakh) and Essar Oil (74.80 lakh).