Sensex

Tuesday, April 03, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated April 03, 2007

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Tuesday, April 03, 2007 4:48 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 03, 2007

 
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April 03, 2007
Index Performance
Index

Sensex

Nifty
Open 12,503.75 3,633.85
High 12,657.75 3,703.05
Low 12,481.86 3,632.20
Today's Cls 12,624.58 3,690.65
Prev Cls 12,455.37 3,633.60
Change 169.21 57.05
% Change 1.36 1.57
 

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

Gainers

Syngenta 516.40 9.62
Sterling Biotech 140.95 7.72
Exide Inds 41.85 6.76
OBC 178.45 5.81
Bank of India 162.70 5.58

Losers

SCI 162.20 -5.97
BEML 1,006.50 -5.15
Lanco Infra 140.85 -4.70
Aventis Pharma 1,170.00 -3.66
Crompton Greaves 183.95 -3.49
Market Statistics
- BSE NSE
Advances 1,390 599
Declines 1,040 419
Unchanged 88 32
Volume(Nos) 15.76cr

30.86cr

 Market Commentary 
Market recovers some lost ground
The Sensex recovered a little after yesterday’s battering and gained 169 points during the day.
After witnessing a huge crash yesterday that wiped out almost 1.4 lakh crore of investors’ wealth, the market began the trading session on a positive note.    
The Sensex opened with a positive gap of 49 points at 12504 and moved up on buying in select heavyweight and information technology stocks. After an initial upmove to 12584 the Sensex eased on profit taking in Cipla, SBI, Bajaj Auto and select front-line stocks. The Sensex touched the day's low at 12482, down 176 points from the day's high. Short covering and the emergence of buying at lower levels saw the Sensex recover in the afternoon. The major support came from stocks like BHEL, NTPC, Wipro, Hero Honda and some information technology stocks that propelled the Sensex to an intra-day high of 12658. The Sensex closed the session at 12625 with gains of 169 points. The Nifty ended the session at 3691, up 57 points.

The breadth of the market was positive. Of the 2,518 stocks traded on the BSE, 1,390 stocks advanced, 1,040 stocks declined and 88 stocks ended unchanged. Among the sectoral indices the BSE PSU Index gained 2.16% at 5797 followed by the BSE IT Index (up 2.02% at 4767), the BSE Oil & Gas Index (up 1.86% at 6287) and the BSE CD Index (up 1.63% at 3505).

Movers & Shakers

  • Orchid Chemicals gained marginally after receiving formal approval from the Canadian Therapeutic Product Directorate for two of its abbreviated new drug submission applications. 
  • Eveready Industries closed in the red despite reports that the company has commenced commercial production at its manufacturing unit at Uttaranchal. 
  • Sanguine Media surged on starting OCTAVVE, a division that will provide total conversion of music & voice software on the 3G spectrum.
  • Indian Hotels Company slipped despite reports that the company has acquired Hotel Campton Place, San Francisco for $60 million.


Most of the heavyweights ended at higher levels. Among the blue chips BHEL shot up by 4.66% at Rs2,255, NTPC soared 4.58% at Rs154, Hero Honda advanced 3.05% at Rs657, Satyam Computers added 2.78% at Rs459, Grasim gained 2.42% at Rs2,104, Infosys advanced 2.22% at Rs1,964 and Reliance Industries was up 2.11% at Rs1,341. Among the laggards Cipla, HDFC, Bajaj Auto, SBI and ICICI Bank closed with marginal losses.

Public sector units were in the limelight and closed with substantial gains. Oriental Bank of Commerce vaulted 5.81% at Rs178, Bank of India soared 5.58% at Rs163, GAIL surged 4.77% at Rs279 and Dena Bank advanced by 4.29% at Rs34. Dredging Corporation, SAIL, Bharat Electrical and Corporation Bank gained 2-4% each. 

Over 1.50 crore IFCI shares changed hands on the BSE followed by Power Finance Corporation (52.32 lakh shares), Rana Sugars (50.30 lakh shares), Sakthi Sugars (41.06 lakh shares) and Reliance Petroleum (29.86 lakh shares).

Reliance Industries clocked a turnover of Rs112 crore on the BSE followed by Renuka Sugar (Rs110 crore), India Bulls (Rs68 crore), BHEL (Rs67 crore) and Kotak Bank (Rs67 crore).

European Indices at 16:15 IST on 03-04-2007
Index Level Change (pts) Change (%)
FTSE 100 6349.00 33.50 0.53
CAC 40 Index 5675.46 29.90 0.53
DAX Index 7001.41 64.24 0.93
Asian Indices at close on 03-04-2007
Index Level Change (pts) Change (%)
Nikkei 225 17244.05 215.64 1.27
Hang Seng Index 20002.70 193.00 0.97
Kospi Index 1463.75 4.22 0.29
Straits Times Index 3288.36 42.05 1.30
Jakarta Composite Index 1894.58 45.19 2.44

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