| | | Index Performance | | Index | Sensex | Nifty | | Open | 12,904.85 | 3,752.90 | | High | 13,194.00 | 3,850.90 | | Low | 12,904.85 | 3,747.25 | | Today's Cls | 13,177.74 | 3,843.50 | | Prev Cls | 12,856.08 | 3,752.00 | | Change | 321.66 | 91.50 | | % Change | 2.50 | 2.44 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | UTI Bank | 499.50 | 10.68 | | IDFC | 89.20 | 9.45 | | Kotak Bank | 505.35 | 7.34 | | Parsvnath Developers | 267.50 | 7.21 | | India Cement | 163.20 | 7.12 | | Losers | | ICI India | 437.30 | -4.53 | | EIH | 94.30 | -2.13 | | Nirma | 158.20 | -1.74 | | Aditya Birla Nuvo | 1,031.10 | -1.71 | | Dabur India | 92.80 | -1.59 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,915 | 1,073 | | Declines | 613 | 270 | | Unchanged | 71 | 23 | | Volume(Nos) | 19.96cr | 34.10cr | | | | | | Market Commentary | | | Sensex ends buoyant | | Strong optimism in heavyweight and sectoral stocks lifted the Sensex above 13100. | | It seems that the bulls are back in action. The Sensex traded firm above the 13000 mark for the entire trading session on the back of strong US and Asian markets, | | | | creating the perfect platform for buying in the domestic market. Unshaken by the slowdown in foreign institutional investor inflows, the Sensex resumed 49 points higher at 12905 and advanced further on substantial buying support. Buying in heavyweight, metal, banking, capital goods and fast moving consumer goods stocks propelled the index to an intra-day high of 13194 in the afternoon. The Sensex wrapped up the session with gains of 322 points at 13178, while the Nifty closed with gains of 91 points at 3843. | | | Movers & Shakers | - Financial Technologies surged on reports that the company has launched Tickerplant Infovending to provide data, news and analysis for the financial markets.
- Dolphin Offshore hit the upper circuit on bagging a contract along with Larsen & Toubro worth $24 million plus Rs8 crore from ONGC.
- Petron Engineering gained after it entered into a contract with Dangote Industries for the erection of two lines of 5,000 tonne per day of a grassroot cement plant.
- Aban Offshore rallied sharply on its subsidiary Deep Drilling 1 Pte Ltd getting a letter of award from GSPC for the charter hire of the rig Deep Driller 1.
- Stone India closed in the green on receiving an order for the refurbishment and up gradation of 1,115 wagons from the ministry of defence, government of India.
- Kirloskar Brothers gained marginally on reports that the company has received an order from the IVRCL-Navayuga & Sew joint venture worth Rs255 crore.
- State Bank of India jumped on revising the benchmark prime-lending rate upwards by 50 basis points from 12.25% per annum to 12.75% per annum.
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The market breadth was extremely positive. Of the 2,599 stocks traded on the BSE, 1,915 stocks advanced, 613 stocks declined and 71 stocks ended unchanged. All the sectoral indices notched up significant gains. The BSE Metal Index was the biggest gainer and soared 3.55% followed by the BSE Bankex (up 3.38%), the BSE FMCG Index (up 3.25%), the BSE CG Index (up 3.04%), the BSE CD Index (up 2.74%), the BSE Teck Index (up 2.49%) and the BSE IT Index (up 2.41%).
Bajaj Auto was the lone loser in the Sensex basket. Tata Steel led the upsurge and surged 6.04% at Rs493. Among the other major gainers ITC soared 4.90% at Rs155, Maruti Udyog gained 4.57% at Rs790, Reliance Communications advanced 4.57% at Rs416, SBI vaulted 4.30% at Rs989, Grasim jumped 3.88% at Rs2,195, L&T added 3.21% at Rs1,597 and HDFC Bank rose 3.04% at Rs972. Hindalco, BHEL, ONGC, ACC, Infosys, Tata Motors, Gujarat Ambuja, Reliance Energy, Bharti Airtel, Reliance Industries, TCS and Wipro gained 1-2% each.
Metal stocks were in the limelight and rallied sharply. Shree Precoated soared 5% at Rs284, SAIL jumped 3.14% at Rs118, Hindustan Zinc added 3.05% at Rs668 and Hindalco gained 2.84% at Rs135.
Over 2.54 crore IFCI shares changed hands on the BSE followed by Visu International (43.63 lakh shares), Reliance Natural Resources (41.51 lakh shares), IndiaBulls Real Estate (36.36 lakh shares) and Reliance Petroleum (34.04 lakh shares).
Tata Steel was the most actively traded counter on the BSE and registered a turnover of Rs133 crore followed by Mindtree (Rs99 crore), IndiaBulls Real Estate (Rs99 crore), IFCI (Rs92 crore) and India Bulls Financial Services (Rs91 crore).
| | | | | | | | European Indices at 16:20 IST on 09-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6397.30 | 32.60 | 0.51 | | CAC 40 Index | 5741.38 | 2.37 | 0.04 | | DAX Index | 7099.91 | 26.00 | 0.37 | | | | | | | | | | | Asian Indices at close on 09-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17743.76 | 258.98 | 1.48 | | Kospi Index | 1501.06 | 16.91 | 1.14 | | Straits Times Index | 3400.00 | 54.14 | 1.62 | | Jakarta Composite Index | 1913.74 | 18.12 | 0.96 | | | | | | | | | | | | “This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
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