Post-Market Commentary. Monday, August 04, 2008

Sensex ends down 79pts; TCS, Reliance drag
The Sensex opened 62 points lower at 14,595 amid subdued cues from the global markets. The index rebounded and moved up to a high of 14,726 before slipping back into the negative zone to a low of 14,504 - down 222 points from the day's high.
The index gyrated between zones for most part of the trading day today and finally ended with a loss of 79 points at 14,578.
The market breadth was extremely positive - out of 2,719 stocks traded, 1,845 advanced, and 806 declined today.
The NSE Nifty moved in a range of 73 points before settling with a loss of 18 points at 4,395.
INDEX MOVERS...
Grasim surged over 3% to Rs 1,895. Ranbaxy moved up 2.8% to Rs 524.
Jaiprakash Associates gained 2.4% at Rs 175, and Maruti rallied 2% to Rs 572.
Tata Steel and ACC advanced 1.6% each to Rs 692 and Rs 586, respectively.
Satyam, Hindalco and Infosys were up around 1% each at Rs 396, Rs 142 and Rs 1,656, respectively.
...AND THE SHAKERS
TCS dropped 2.7% to Rs 816. Reliance and BHEL shed almost 2.5% each at Rs 2,243 and Rs 1,714, respectively.
ONGC slipped 1.5% to Rs 982. Sterlite, Larsen & Toubro and Mahindra & Mahindra declined 1.3% each to Rs 624, Rs 2,657 and Rs 517, respectively.
HDFC and DLF were down over 1% each at Rs 2,373 and Rs 514, respectively.
VALUE & VOLUME TOPPERS
Reliance Natural Resources topped the value chart with a turnover of Rs 469 crore followed by Reliance Capital (Rs 271.50 crore), Reliance (Rs 233 crore), Essar Oil (Rs 220 crore) and Reliance Petroleum (Rs 177.75 crore).
Reliance Natural Resources also led the volume chart with trades of around 4.50 crore shares followed by Ispat Industries (2.86 crore), IFCI (1.95 crore), Bellary Steels (1.15 crore) and Kashyap Technologies (1.11 crore).