| | | Index Performance | | Index | Sensex | Nifty | | Open | 13,972.81 | 4,083.55 | | High | 14,046.52 | 4,122.35 | | Low | 13,879.39 | 4,075.20 | | Today's Cls | 13,928.33 | 4,085.10 | | Prev Cls | 13,897.41 | 4,083.55 | | Change | 30.92 | 1.55 | | % Change | 0.22 | 0.04 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Syngenta | 625.20 | 20.00 | | Exide Industries | 48.50 | 6.48 | | iGate Global | 356.50 | 6.15 | | Alfa Laval | 999.00 | 5.94 | | Maharashtra Seamless | 562.50 | 5.92 | | Losers | | Sun Pharma | 1,048.10 | -11.20 | | Titan | 953.00 | -5.70 | | Mphasis | 306.15 | -4.12 | | Balaji Tele | 162.05 | -3.91 | | Suzlon Energy | 1,146.15 | -3.73 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,163 | 663 | | Declines | 1,384 | 775 | | Unchanged | 83 | 35 | | Volume(Nos) | 27.04cr | 38.21cr | | | | | | Market Commentary | | | Sensex gains amid lacklustre trades | | The market closed with marginal gains amid worries about another interest rate hike and liquidity tightening measures from the RBI. | | It appeared that investors preferred to remain on the sidelines ahead of the announcement of the monetary policy by the Reserve Bank of India (RBI). | | | The market opened on a positive note at 13973, up 76 points, and surged to touch the day's high of 14047, gaining 150 points on sustained buying in front-line stocks in tandem with firm global markets. However, after regaining the 14,000 level in the early trades the Sensex eased on profit booking in the heavyweights as well as pharma and fast moving consumer goods stocks, and touched the intra-day low of 13879. The market remained range-bound in the afternoon with marginal gains on account of selective buying in metal and technology stocks. The Sensex finally closed the session with gains of 31 points at 13928. The Nifty ended the session at 4085, up two points.
The breadth of the market was negative. Of the 2,630 stocks traded on the BSE, 1,384 stocks declined, 1,163 stocks advanced and 83 stocks ended unchanged. Among the sectoral indices, except for the BSE Metal Index, the BSE Oil & Gas Index and the BSE Teck Index, all closed in the red. The BSE CD Index slipped by 2.36% at 3740 followed by the BSE FMCG Index (down 1.62% at 1782) and the BSE HC (down 1.40% at 3740). | | | Movers & Shakers | - Punj Lloyd closed in the red despite signing a contract worth Rs180 crore with Reliance Gas Transportation Infrastructure.
- Tata Power Company gained on acquiring Coastal Gujarat Power, a special purpose vehicle formed for the Mundra Ultra Mega Power Project.
- Kale Consultants surged on signing a contract with SAS Cargo, Scandinavia's largest cargo carrier, to implement its CSP-AMBER® cargo revenue accounting solution.
- Bharati Shipyard slipped despite signing a contract with UP Offshore (Bahamas) for construction and supply of two platform supply vessels.
- Wockhardt closed with marginal losses despite signing its first in-licencing agreement with Milan-based Syrio Pharma S.P.A to market their B-Lift range of dermatology products in India.
| | | |
However, select blue chips notched up significant gains. Tata Steel rose 4.35% at Rs558, Reliance Energy advanced 2.33% at Rs523, Reliance Communication climbed 1.87% at Rs465, ONGC surged 1.27% at Rs933, HDFC scaled up 1.18% at Rs1,670, while Satyam Computer, Hindalco, Reliance Industries, Hero Honda and ACC closed with marginal gains. Among the laggards, ITC tumbled by 2.62% at Rs156, HLL dropped 1.61% at Rs202, Bajaj Auto slipped 1.36% at Rs2,409, SBI was down 1.36% at Rs1,060 and Maruti Udyog dipped 1.15% at Rs767. TCS, HDFC Bank, Tata Motors, Wipro and Bharti Airtel ended with marginal losses.
Metal stocks were in the limelight. Maharashtra Seamless soared 5.92% at Rs563, Jindal Steel jumped 5.43% at Rs2,785, Shree Precoated scaled up 4.99% at Rs363, Tata Steel advanced 4.35% at Rs558 and Jindal Saw gained 2.25% at Rs558. SAIL, Hindalco, Jindal Stainless, Hindustan Zinc and Nalco were up around 1% each.
Over 3.03 crore Gujarat Ambuja Cement shares changed hands on the BSE followed by Reliance Natural Resources (1.78 crore shares), GV Films (91.70 lakh shares), FSL (89.43 lakh shares) and Tata Teleservices (76.55 lakh shares).
Value-wise Gujarat Ambuja Cement registered a turnover of Rs349 crore on the BSE followed by Tata Steel (Rs126 crore), Unitech (Rs121 crore), Phoenix Mills (Rs120 crore) and Advanta (Rs97 crore).
| | | | | | | | European Indices at 16:15 IST on 23-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6485.00 | 44.40 | 0.69 | | CAC 40 Index | 5926.09 | -12.81 | -0.22 | | DAX Index | 7334.01 | -8.53 | -0.12 | | | | | | | | | | | Asian Indices at close on 23-04-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17455.37 | 2.75 | 0.02 | | Hang Seng | 20556.57 | -10.02 | -0.05 | | Kospi Index | 1544.35 | 11.27 | 0.74 | | Straits Times Index | 3388.48 | 27.81 | 0.83 | | Jakarta Composite Index | 1986.73 | 18.00 | 0.91 | | | | | | | | | | | | “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.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com
| |
No comments:
Post a Comment