Post Market Commentary - Feb 28 2008

The Sensex opened marginally (15 points) lower at 17,811 on mixed cues from the Asian markets. The index moved into positive zone and touched a high of 17,922 in early trades.

The index could not hold gains and slipped back into negative territory. The index touched a low of 17,690 - down 232 points from the day's high - but rebounded into positive zone in late trades.

The Sensex finally ended on a flat note (down two points) at 17,824.

The NSE Nifty moved up 17 points to end at 5,285.

The BSE market breadth was marginally negative - out of 2,784 stocks traded, 1,444 declined, 1,276 advanced today.

INDEX MOVERS...

Hindalco gained 4% to Rs 204. Bajaj Auto moved up 3.6% to Rs 2,255.

HDFC and Mahindra & Mahindra added over 3% each to close at Rs 2,775 and Rs 680, respectively.

BHEL gained 2.7% at Rs 2,324. Wipro, Cipla and Satyam advanced over 2% each to Rs 450, Rs 206 and Rs 447, respectively.

Ranbaxy moved up nearly 2% to Rs 445. Tata Steel and HDFC Bank were up around 1.5% each at Rs 824 and Rs 1,471, respectively.

...AND THE SHAKERS

DLF dropped over 2% to Rs 805. SBI and Reliance declined 2% each to Rs 2,039 and Rs 2,537, respectively.

Reliance Energy slipped nearly 2% to Rs 1,601.

Infosys, ACC and ICICI Bank were down around 1% each at Rs 1,599, Rs 808 and Rs 1,103, respectively.

VALUE & VOLUME TOPPERS

OnMobile topped the value chart with a turnover of Rs 271.35 crore followed by Reliance Capital (Rs 186 crore), debutant Manjushree Extrusions (Rs 173.35 crore), Reliance Energy (Rs 149.65 crore) and Reliance Energy (Rs 147.70 crore).

Manjushree Extrusions led the volume chart with trades of around 3.16 crore shares followed by Tulsi Extrusions (1.27 crore), Reliance Natural Resources (1.09 crore), Nagarjuna Fertilisers (1.07 crore) and Ispat Industries (80.85 lakh).