Sensex

Wednesday, April 04, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated April 04, 2007

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Wednesday, April 04, 2007 4:51 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 04, 2007

 
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April 04, 2007
Index Performance
Index

Sensex

Nifty
Open 12,691.24 3,689.75
High 12,835.36 3,751.40
Low 12,691.24 3,689.75
Today's Cls 12,786.77 3,733.25
Prev Cls 12,624.58 3,690.65
Change 162.19 42.60
% Change 1.28 1.15
 

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

Gainers

Hindustan Zinc 618.85 8.00
Sterlite Industries 469.50 7.97
Crompton Greaves 196.45 6.80
GMDC 480.00 5.32
Titan 875.30 5.29

Losers

Syngenta 496.40 -3.87
Jaiprakash Associates 509.40 -3.28
Procter & Gamble 780.00 -3.11
Bank of India 157.70 -3.07
India Cements 151.30 -2.98
Market Statistics
- BSE NSE
Advances 1,581 813
Declines 899 511
Unchanged 79 35
Volume(Nos) 16.01cr

30.82cr

 Market Commentary 
Sensex gains amid lacklustre trades
The market continued its upmove for the second consecutive session and gained 162 points.
The Sensex continued its upmove for the second consecutive session. Taking a cue from the strength in the international markets     
the domestic market resumed on a firm note at 12691, up 66 points. The revival of buying interest in metal, capital goods and banking stocks led the rally and the Sensex touched the day's high of 12835. Cement stocks had a weak outing on reports that the government has decided to cut import duty on cement to control the rising cement prices. The index was range-bound with a positive bias in the afternoon. The Sensex slipped towards the close and touched an intra-day low of 12691. The Sensex bounced back and closed the session with gains of 162 points at 12787. The Nifty closed at 3733, up 43 points. 

Movers & Shakers

  • Hinduja TMT tumbled despite reports that HTMT Global Solutions, an undertaking of the company, has inaugurated its Vashi Centre of Excellence.
  • Dollex Industries gained after its recently acquired Godavari Manar SSK’s total crushing crossed 1.40 lakh tonne. 
  • JSW Steel slipped despite posting a growth of 20% in crude steel production in the fourth quarter.
  • ICSA India gained marginally on securing a contract worth Rs23.17 crore from APEPDCL, Visakhapatnam.
  • M&M slipped despite the Mahindra & Mahindra-Renault joint venture launching the new car Logan. 
  • Garware Offshore Services closed in positive territory on receiving a letter of award of contract from ONGC worth Rs25 crore per annum. 
  • Satyam Computer fell despite launching a 4,500 square foot development centre in Sao Paulo, Brazil. 


The breadth of the market was positive. Of the 2,559 stocks traded on the BSE, 1,581 stocks advanced, 899 stocks declined and 79 stocks ended unchanged. Except the BSE Auto Index and the BSE FMCG Index, all the other sectoral indices closed with gains. The BSE CG Index gained 2.23% followed by the BSE HC Index (up 2%), the BSE CD Index (up 1.99%) and the BSE Metal Index (up 1.79%).

Heavyweights led the upsurge in the market. HDFC soared 5.15% at Rs1,497, NTPC surged 4.48% at Rs161, BHEL was up 4.39% at Rs2,353, Dr Reddy's gained 3.68% at Rs746, Wipro added 2.80% at Rs549, Cipla vaulted 2.10% at Rs229, ICICI Bank jumped 2.06% at Rs821, Tata Steel gained 1.95% at Rs438 and Bharti Airtel was up 1.76% at Rs748. Select counters, however, finished on a weak note. Hero Honda shed 2.27% at Rs644, Grasim dropped 1.92% at Rs2,064, Maruti Udyog declined 1.39% at Rs745 and Satyam Computer lost 1.23% at Rs453.

Capital Goods stocks rallied sharply. Praj Industries surged 10.04% at Rs390, Crompton Greaves jumped 6.80% at Rs196, Jyoti Structures added 5.94% at Rs171, Bharat Electrical advanced 4.46% at Rs1,581 and Alstom Projects gained 3.63% at Rs390. Areva, ABB and Punj Lloyd were up around 2% each. 

Over 85.66 lakh IFCI shares changed hands on the BSE followed by Rana Sugars (48.13 lakh shares), Reliance Petroleum (37.45 lakh shares), India Bulls Real Estate (37.23 lakh shares) and NTPC (36.05 lakh shares).

Value-wise HDFC Bank registered a turnover of Rs112 crore on the BSE followed by Renuka Sugar (Rs98 crore), India Bulls Real Estate (Rs98 crore), Mindtree (Rs95 crore) and ACC (Rs95 crore).

European Indices at 16:20 IST on 04-04-2007
Index Level Change (pts) Change (%)
FTSE 100 6355.60 -10.50 -0.16
CAC 40 Index 5722.38 10.47 0.18
DAX Index 7064.53 18.97 0.27
Asian Indices at close on 04-04-2007
Index Level Change (pts) Change (%)
Nikkei 225 17544.09 300.04 1.74
Hang Seng Index 20209.71 207.01 1.03
Kospi Index 1483.41 19.66 1.34
Straits Times Index 3332.92 44.56 1.36
Jakarta Composite Index 1922.05 27.48 1.45

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