Sensex

Wednesday, April 18, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated April 18, 2007

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Wednesday, April 18, 2007 4:45 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 18, 2007

 
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April 18, 2007
Index Performance
Index

Sensex

Nifty
Open 13,602.90 3,989.60
High 13,762.92 4,039.25
Low 13,602.90 3,981.75
Today's Cls 13,672.19 4,011.60
Prev Cls 13,607.04 3,984.95
Change 65.15 26.65
% Change 0.48 0.67
 

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

Gainers

GTL 164.10 17.55
Sterling Biotech 166.70 16.13
BASF India 219.95 9.48
HCL Tech 323.70 7.22
Dabur India 98.90 5.16

Losers

iGate Global 332.35 -5.58
Siemens 1,061.55 -4.65
CESC 384.30 -3.91
BPCL 320.45 -3.86
Jaiprakash Associates 570.95 -3.35
Market Statistics
- BSE NSE
Advances 1,341 783
Declines 1,232 662
Unchanged 88 49
Volume(Nos) 23.12cr

33.42cr

 Market Commentary 
Sensex ends on a bullish note
The Sensex held firm throughout the trading session and closed with gains of 65 points.
After yesterday’s fall the market saw an upmove during the day on sustained buying in heavyweight, banking and pharma stocks.    
The Sensex opened with a negative gap of four points but soon gained momentum and moved into positive territory. The Sensex gyrated by over 100 points in early trades and surged to touch the day's high of 13763. However, the market eased towards the close on selling in auto, engineering and metal stocks. The Sensex ended the session with gains of 65 points at 13672 while the Nifty closed at 4012, up 27 points.

Movers & Shakers

  • Valecha Engineering closed in the red despite bagging orders worth Rs100 crore for roads in various states and an order from Delhi Metro Rail Corporation. 
  • Petron Engineering notched up gains on bagging an order from a Chinese firm worth Rs37.76 crore. 
  • Reliance Capital gained after the company made an open offer for the acquisition of 20% stake of TV Today at Rs130.50 per share. 
The breadth of the market was positive. Of the 2,661 stocks traded on the BSE, 1,341 stocks advanced, 1,232 stocks declined and 88 stocks ended unchanged. Among the sectoral indices the BSE HC Index gained 1.56%, the BSE PSU Index rose 1.40% and the BSE Bankex was up 1.07%.

Most of the Sensex stocks ended at higher levels. NTPC surged 3.12% at Rs162, SBI soared 2.65% at Rs1,035, Wipro gained 2.09% at Rs586, Bharti Airtel added 1.64% at Rs813, ONGC advanced 1.64% at Rs906, Cipla gained 1.39% at Rs233, Hindalco jumped 1.33% at Rs145 and ACC was up 1.25% at Rs817. 

Pharma stocks were in demand and attracted strong buying support. Sterling Biotech spurted 16.13% at Rs167, Sun Pharma gained 3.40% at Rs1,151, Glenmark Pharma added 3.23% at Rs665 and Biocon advanced 2.24% at Rs524. Matrix, Wyeth Lab, Divis Lab and Wockhardt gained around 1% each.

Over 1.88 crore Dish TV shares changed hands on the BSE followed by IFCI (77.13 lakh shares), Himachal Futuristic (75.45 lakh shares), Tata Steel (47.55 lakh shares) and Hindustan Oil Exploration (47.09 lakh shares).

Value-wise ICRA clocked a turnover of Rs391 crore followed by Tata Steel (Rs241 crore), Dish TV (Rs201 crore), Reliance Industries (Rs80 crore) and Page Industries (Rs79 crore).
European Indices at 16:20 IST on 18-04-2007
Index Level Change (pts) Change (%)
FTSE 100 6472.30 -25.50 -0.39
CAC 40 Index 5848.98 -9.16 -0.16
DAX Index 7304.83 -44.00 -0.60
Asian Indices at close on 18-04-2007
Index Level Change (pts) Change (%)
Nikkei 225 17667.33 139.88 0.80
Hang Seng 20777.09 -11.52 -0.06
Kospi Index 1534.58 5.92 0.39
Straits Times Index 3400.41 -14.91 -0.44
Jakarta Composite Index 1959.68 -5.76 -0.29

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