Friday, 9 November 2007

Muhurat day: Sensex in red 1st time in 10 years

The Sensex, began Samvat 2064 with a bang, opened with a positive gap of 224 points at 19,283, and soon touched a high of 19,330. The index, however, could not hold gains for long as profit taking at higher levels saw the index slip into red.

The index tumbled to a low of 18,737 - down 546 points from the day's high. The Sensex finally ended with a loss of 151 points at 18,908 on this special trading day.

In the process, the index finished in red for the first time in the last ten years on Muhurat trading day.


MUHURAT TRADING

Date

Sensex Close

Net Chg

Nov 09, 2007

18,907.60

-151.33

Oct 21, 2006

12,736.82

27.42

Nov 02, 2005

8072.75

128.65

Nov 12, 2004

5964.01

9.67

Oct 25, 2003

4802.28

44.91

Nov 04, 2002

2987.58

37.00

Nov 14, 2001

3113.04

35.85

Oct 26, 2000

3757.16

13.55

Nov 07, 1999

4650.54

52.09

Oct 19, 1998

2853.27

5.16

Oct 30, 1997

3803.24

-131.09

Nov 10, 1996

3080.26

13.60

* Data by BS Research Bureau



The BSE Bankex dropped 1.4% to 10,212. The IT and Metal indices slipped 1% each to 4253 and 16,864, respectively.

ACC plunged 3.5% to Rs 1,020. ICICI Bank [Get Quote] and Wipro [Get Quote] slipped over 2% each to Rs 1,143 and Rs 460, respectively.

Satyam [Get Quote] shed 1.8% at Rs 427. Bharti Airtel [Get Quote], HDFC [Get Quote] and Tata Motors [Get Quote] dropped 1.5% each to Rs 871, Rs 2,523 and Rs 696, respectively.

HDFC Bank, Bajaj Auto [Get Quote] and Tata Steel [Get Quote] declined 1.3% each to Rs 1,538, Rs 2,398 and Rs 834, respectively.

Grasim [Get Quote], Mahindra & Mahindra and SBI [Get Quote] were down 1% each at Rs 3,503, Rs 744 and Rs 2,162, respectively.

The market breadth, however, was fairly positive - out of 2,557 stocks traded, 1,792 advanced, 701 declined and 64 were unchanged on Friday.