Post Market Commentary - Feb 27 2008

The Sensex opened with a positive gap of 177 points at 17,983 on positive cues from the Asian markets. The index touched a high of 18,137 - up 331 points from the previous close - in morning deals.

Selling emerged in mid-noon deals, and a heavy bout of selling in late trades saw the index drop to a low of 17,771 - down 366 points from the day's high.

The Sensex finally ended with a marginal gain of 20 points at 17,826.

The Nifty was down two points at 5,268.

The BSE market breadth was marginally positive - out of 2,805 stocks traded, 1,419 advanced, 1,306 declined and 80 were unchanged.

INDEX MOVERS...

Mahindra & Mahindra and HDFC gained around 4.5% each to Rs 659 and Rs 2,684, respectively.

Ranbaxy and BHEL added around 4% each to Rs 436 and Rs 2,263, respectively.

Larsen & Toubro moved up over 3% to Rs 3,631. Maruti gained 2.4% at Rs 832, and ONGC was up 1% at Rs 1,038.

...AND THE SHAKERS

Grasim slumped 5% to Rs 2,889. Reliance Energy tumbled nearly 4% to Rs 1,631.

Satyam and Infosys dropped nearly 3% each to Rs 437 and Rs 1,617, respectively. TCS slipped over 2% to Rs 878.

ACC and SBI declined 1.8% each to Rs 816 and Rs 2,083, respectively.

VALUE & VOLUME TOPPERS

Reliance led the value chart with a turnover of Rs 364.70 crore followed by OnMobile Global (Rs 311 crore), IRB Infrastructure (Rs 306.70 crore), Reliance Capital (Rs 262.50 crore) and Tulsi Extrusions (Rs 231 crore).

Ispat Industries topped the volume chart with trades of around 2.05 crore shares followed by Tulsi Extrusions (1.86 crore), IRB Infrastructure (1.53 crore), Reliance Natural Resources (1.21 crore) and Centurion Bank of Punjab (86.15 lakh).