The key benchmark indices ended the volatile session with a loss of nearly one percent. Mixed global cues and imminent expiry of March 2008 derivative contracts kept the market volatile throughout the day.
Investors turned cautious after the previous day's 6.1% jump. Majority of the sectoral indices on BSE slipped into red. ICICI Bank was the top loser from the Sensex pack. The market breadth was positive.
As per provisional closing, the 30-share BSE Sensex was down 156.96 points or 0.97% at 16,060.53. The index lost 207.62 points at sessions low of 16,009.87 hit in afternoon trade. The index gained 92.39 points at the sessions high of 16,309.88, hit at the onset of the trading session.
The broader CNX S&P Nifty was down 58.3 points or 1.20% at 4819.20.
The March 2008 derivative contracts will expire on Thursday, 27 March 2008. As per reports, the marketwide rollover of derivative positions from March 2008 series to April 2008 series stood at 38%, while that of Nifty was 41% by Tuesday, 25 March 2008.
The BSE Mid-cap index was up 1.42% at 6,262.04. The BSE small-cap index was up 2.15% at 7,441.01.
The market breadth was positive. On BSE, 1710 stocks advanced, 1003 declined and 47 stocks were unchanged.
The BSE clocked a turnover of Rs 6100 crore as against Rs 6,880.05 crore on Tuesday, 25 March 2008.
Indias largest private sector bank by assets ICICI Bank fell 4.54% at Rs 840.
Indias largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) fell 0.62% to Rs 2300.
Indias top commercial vehicle maker by sales Tata Motors lost 0.71% to Rs 675.10. As per reports, US automaker Ford has agreed to sell its luxury brands Jaguar and Land Rover to India's Tata Motors for more than $2 billion. Ford, which signed the deal on Tuesday, 25 March 2008, plans to publicly announce the transaction in New York today, reports suggest.
Top Sensex gainers were, Tata Steel (up 3.99% at Rs 659.10), Housing Development Finance Corporation (up 3.18% at Rs 2672), ITC (up 2.30% at Rs 195.50), and Grasim Industries (up 0.53% at Rs 2701).
Top Sensex losers were, Hindustan Unilever (down 4.37% at Rs 234.25), Bharti Airtel (down 4.24% at Rs 799), Bharat heavy Electricals (down 3.51% at Rs 1942), Jaiprakash Associates (down 3.47% at Rs 225) and DLF (down 3.32% at Rs 656.10).
Shipping firm Mercator Lines rose 6.80% to Rs 76.15 after the company said its subsidiary Mercator Lines, Singapore has entered into negotiation with Refined Success for the time charter-out of Geastiniono TBN, a gearless panamax vessel.
Avantel Softech surged 9.41% to Rs 59 after the company said it has bagged an order worth Rs 8.25 crore from the Government of India for supply of satellite communication receiver terminals for Indian Navy
Engineering firm GEI Industrial Systems soared 10.85% to Rs 71.50 after the company said it has bagged an order worth Rs 30 crore from Essar Construction for supply of air cooled heat exchangers for a project in Gujarat.
Private sector lender Axis Bank vaulted 4.34% to Rs 826.50 after a two block deals totaling 45.46 lakh shares were struck on the counter at average price of Rs 799.89 per share on BSE.
Garment manufacturer SEL Manufacturing Company rose 5% to Rs 276.05 after the company said its board has approved raising upto $250 million through issue of foreign currency convertible bonds and global depository receipts.
Diesel engines maker Kirloskar Oil Engines jumped 5.95% to Rs 106 after three block deals aggregating 30.99 lakh shares were executed on the counter at an average price of Rs 100.03 per share in opening trade on BSE.
Edible oils maker K S Oils gained 0.39% to Rs 64.60 after the company said it has acquired a single palm plantation over a vast area spread across 50,000 acres of green land in Indonesia.
US markets ended on mixed note yesterday, 25 March 2008 after the consumer confidence fell sharply in March 2008 with the Consumer Confidence Index (CCI) slumping to a five-year low of 64.5. The Dow Jones industrial average declined 16.04 points, or 0.13%, to 12,532.60. The S&P added 3.11 points, or 0.23%, to 1,352.99 and the Nasdaq gained 14.30 points, or 0.61%, to 2,341.05.
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As per provisional closing, the 30-share BSE Sensex was down 156.96 points or 0.97% at 16,060.53. The index lost 207.62 points at sessions low of 16,009.87 hit in afternoon trade. The index gained 92.39 points at the sessions high of 16,309.88, hit at the onset of the trading session.
The broader CNX S&P Nifty was down 58.3 points or 1.20% at 4819.20.
The March 2008 derivative contracts will expire on Thursday, 27 March 2008. As per reports, the marketwide rollover of derivative positions from March 2008 series to April 2008 series stood at 38%, while that of Nifty was 41% by Tuesday, 25 March 2008.
The BSE Mid-cap index was up 1.42% at 6,262.04. The BSE small-cap index was up 2.15% at 7,441.01.
The market breadth was positive. On BSE, 1710 stocks advanced, 1003 declined and 47 stocks were unchanged.
The BSE clocked a turnover of Rs 6100 crore as against Rs 6,880.05 crore on Tuesday, 25 March 2008.
Indias largest private sector bank by assets ICICI Bank fell 4.54% at Rs 840.
Indias largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) fell 0.62% to Rs 2300.
Indias top commercial vehicle maker by sales Tata Motors lost 0.71% to Rs 675.10. As per reports, US automaker Ford has agreed to sell its luxury brands Jaguar and Land Rover to India's Tata Motors for more than $2 billion. Ford, which signed the deal on Tuesday, 25 March 2008, plans to publicly announce the transaction in New York today, reports suggest.
Top Sensex gainers were, Tata Steel (up 3.99% at Rs 659.10), Housing Development Finance Corporation (up 3.18% at Rs 2672), ITC (up 2.30% at Rs 195.50), and Grasim Industries (up 0.53% at Rs 2701).
Top Sensex losers were, Hindustan Unilever (down 4.37% at Rs 234.25), Bharti Airtel (down 4.24% at Rs 799), Bharat heavy Electricals (down 3.51% at Rs 1942), Jaiprakash Associates (down 3.47% at Rs 225) and DLF (down 3.32% at Rs 656.10).
Shipping firm Mercator Lines rose 6.80% to Rs 76.15 after the company said its subsidiary Mercator Lines, Singapore has entered into negotiation with Refined Success for the time charter-out of Geastiniono TBN, a gearless panamax vessel.
Avantel Softech surged 9.41% to Rs 59 after the company said it has bagged an order worth Rs 8.25 crore from the Government of India for supply of satellite communication receiver terminals for Indian Navy
Engineering firm GEI Industrial Systems soared 10.85% to Rs 71.50 after the company said it has bagged an order worth Rs 30 crore from Essar Construction for supply of air cooled heat exchangers for a project in Gujarat.
Private sector lender Axis Bank vaulted 4.34% to Rs 826.50 after a two block deals totaling 45.46 lakh shares were struck on the counter at average price of Rs 799.89 per share on BSE.
Garment manufacturer SEL Manufacturing Company rose 5% to Rs 276.05 after the company said its board has approved raising upto $250 million through issue of foreign currency convertible bonds and global depository receipts.
Diesel engines maker Kirloskar Oil Engines jumped 5.95% to Rs 106 after three block deals aggregating 30.99 lakh shares were executed on the counter at an average price of Rs 100.03 per share in opening trade on BSE.
Edible oils maker K S Oils gained 0.39% to Rs 64.60 after the company said it has acquired a single palm plantation over a vast area spread across 50,000 acres of green land in Indonesia.
US markets ended on mixed note yesterday, 25 March 2008 after the consumer confidence fell sharply in March 2008 with the Consumer Confidence Index (CCI) slumping to a five-year low of 64.5. The Dow Jones industrial average declined 16.04 points, or 0.13%, to 12,532.60. The S&P added 3.11 points, or 0.23%, to 1,352.99 and the Nasdaq gained 14.30 points, or 0.61%, to 2,341.05.
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