Sensex

Thursday, January 04, 2007



From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Thursday, January 04, 2007 5:45 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated January 04, 2007


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January 04, 2007


Index Performance
Index

Sensex

Nifty
Open 14,029.04 4,027.30
High 14,060.35 4,041.00
Low 13,850.38 3,979.80
Today's Cls 13,871.71 3,988.80
Prev Cls 14,014.92 4,024.05
Change -143.21 -35.25
% Change -1.02 -0.88

Market Indicators
Top Movers (Group A)
Company Price
(Rs)
%
chg

Gainers

iGate Global 404.70 7.45
IBP 479.80 5.88
Crompton Greaves 228.95 5.73
Balaji Tele 138.25 5.09
Exide Industries 39.20 4.81

Losers

Sterling Biotech 191.15 -4.16
ITC 168.90 -3.68
Maharashtra Seamless 476.00 -3.24
Canara Bank 278.10 -3.24
Hero Honda 755.00 -2.98

Market Statistics
- BSE NSE
Advances 1,538 812
Declines 1,062 653
Unchanged 54 31
Volume(Nos) 28.43cr

36.84cr


Market Commentary

Sensex sheds 143 points
After touching an intra-day high of 14060, the market slumped on across-the-board selling pressure.
After registering gains of 228 points in the last two sessions, the market slipped on profit taking in early trades and lingered in negative territory
throughout the trading session. The Sensex faltered after touching a new intra-day high of 14060 in early trades. Hectic selling in heavyweight, FMCG, metal, information technology and banking stocks in noon trades dragged the index below the 13900 mark to the day's low of 13850. The Sensex ended the session with losses of 143 points at 13872, while the Nifty shed 35 points to close at 3989.

Dragging down the market, ITC dropped 3.68% at Rs169, Hero Honda tumbled 2.98% at Rs755, Hindalco shed 2.64% at Rs175, Satyam Computers slipped 2.56% at Rs502, Wipro shed 2.34% at Rs606, Reliance Communication lost 1.70% at Rs465 and SBI declined 1.69% at Rs1,244. However, select blue chip counters managed to clock some gains. Dr Reddy’s gained 2.20% at Rs826 on impressive third quarter numbers. L&T was up 1.15% at Rs1,493, Reliance Energy gained 0.91% at Rs530, Tata Motors added 0.84% at Rs947, Ranbaxy advanced 0.29% at Rs413 and ONGC was marginally up 0.28% at Rs875.

Except the BSE CD index, the BSE CG index, the BSE HC index and the BSE Oil & Gas index, the remaining sectoral indices ended in the red. The BSE FMCG index dropped 2.08% at 1887 while the other indices were down around 1% each. However, the BSE CD index advanced 0.34% at 3679. The breadth of the market was firm. Of the 2,654 stocks traded on the BSE, 1,538 stocks advanced, 1,062 stocks declined and 54 stocks ended unchanged.

Movers & Shakers

  • Cubex Tubings moved up on receipt of an order worth Rs6 crore.
  • Polaris Software closed in the red despite a global top 10 bank having chosen the company’s next-generation, SOA based intellect cash and liquidity management platform.
  • Nicholas Piramal India gained marginally on reports that its unit Wellspring has acquired Jankharia Imaging.
  • JSW Steel tumbled despite reports that the company has hiked the prices of galvanised steel by Rs1,500 per metric tonne.


Among the non-Sensex stocks Sterlite Biotech lost 4.16% at Rs191, Maharashtra Seamless dropped 3.24% at Rs476, Canara Bank lost 3.24% at Rs278, Corporation Bank dipped 2.97% at Rs348, Jindal Stainless was down 2.96% at Rs120, Hindustan Zinc shed 2.95% at Rs785, MTNL tumbled 2.76% at Rs146, Parsvnath slumped 2.61% at Rs456 and Birla Corporation was down 2.54% at Rs330.

Over 26.87 lakh ITC shares changed hands on the BSE followed by Polaris (22.09 lakh shares), Satyam Computers (20.59 lakh shares), IndusInd Bank (20.22 lakh shares) and SAIL (13.28 lakh shares).

Value-wise Reliance Industries registered a turnover of Rs107.71 crore on the BSE followed by Satyam Computers (Rs105.44 crore), HDFC (Rs99.29 crore), Reliance Capital (Rs70.25 crore) and Glaxo (Rs64.28 crore).






European Indices at 16:15 IST on 04-01-2007


Index Level Change (pts) Change (%)
FTSE 100 Index 6269.70 -49.30 -0.78
CAC 40 Index 5561.77 -49.15 -0.88
DAX Index 6640.46 -50.86 -0.76








Asian Indices at close on 04-01-2007


Index Level Change (pts) Change (%)
Nikkei 225 17353.67 127.84 0.74
Hang Seng Index 20025.58 -387.81 -1.90
Kospi Index 1397.29 -12.06 -0.86
Straits Times Index 3023.80 -13.94 -0.46
Jakarta Composite Index 1824.10 -10.61 -0.58











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