| | | | Index Performance | | Index | Sensex | Nifty | | Open | 13,949.81 | 4,125.40 | | High | 14,159.36 | 4,181.00 | | Low | 13,936.88 | 4,113.05 | | Today's Cls | 14,127.31 | 4,170.95 | | Prev Cls | 13,929.98 | 4,120.30 | | Change | 197.98 | 50.65 | | % Change | 1.42 | 1.23 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Alfa Laval | 1,232.85 | 18.00 | | Dena Bank | 45.15 | 11.62 | | Balaji Tele | 195.05 | 9.70 | | Power Finance | 145.90 | 7.32 | | Wyeth | 533.60 | 6.73 | | Losers | | Hero Honda | 678.30 | -2.79 | | SCI | 214.05 | -2.75 | | MIRC Eletronics | 19.95 | -2.44 | | Britannia | 1,430.00 | -2.32 | | Abbott India | 462.15 | -2.23 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,626 | 952 | | Declines | 987 | 482 | | Unchanged | 66 | 35 | | Volume(Nos) | 32.34cr | 51.53cr | | | | | | Market Commentary | | | Sensex ends buoyant above 14100 | | Late round of buying in heavyweights, banking and PSU stocks saw the Sensex close above the 14100 mark. | | The market reported a solid performance on the back of strong all-round buying even as the major Asian indices exhibited a subdued trend in morning trades. | | | | Shrugging off the global cues the market opened with a gap of 21 points at 13950. The market was range-bound, but stayed above the 14000 mark in the mid morning trades. As trading progressed, the index lost ground by the afternoon and touched the day's low of 13937, up eight points from yesterday's close. The eruption of buying towards the close in heavyweights, banking and public sector stocks lifted the Sensex to touch the intra-day high of 14159 and closed the session at 14127, up 198 points. The Nifty ended the session at 4171, up 51 points.
The breadth of the market was positive. Of the 2,679 stocks that traded on the BSE, 1,626 stocks advanced, 987 stocks declined and 66 stocks ended unchanged. Among the sectoral indices the BSE Bankex notched up gains of 3.09% at 7413 followed by the BSE PSU index (up 1.55% at 6653), the BSE Oil & Gas index (up 1.52% at 7402) and the BSE CG index (up 1.50% at 10083). | | | Movers & Shakers | - Tata Power moved up on signing Doosan Heavy Industries & Construction Co. for its first 4000MW Ultra Mega Power Project at Mundra, Gujarat.
- Parsvnath Developers rallied sharply on reports that the company will be developing a group housing complex on a plot measuring 13,200 square metre in Jamnagar, Gujarat.
- Glenmark Pharmaceuticals gained on receiving USFDA approval to market Pravastatin Sodium oral tablets.
- VSNL slipped despite drawing up major plans for this year to further enhance its footprint to over 1,000 hotspots from 250 hotspots today.
- i-flex Solutions closed in the red despite successfully deploying FLEXCUBE® for Islamic banking across the Middle East.
| | | |
The heavyweights witnessed strong buying interest. In the banking space, SBI soared 4.71% at Rs1,284, ICICI Bank rose 3.61% at Rs919 and HDFC Bank was up 2.02% at Rs1,031. Among the other major gainers Reliance Communication shot up by 3.25% at Rs491, BHEL jumped 3.02% at Rs2,595, Tata Motors added 2.84% at Rs735, Hindalco gained 2.51% at Rs149, Reliance Industries moved up by 2.29% at Rs1,634 and L&T was up 2.29% at Rs1,712. However, Hero Honda slipped 2.79% at Rs678, Infosys lost 1.06% at Rs1,952 and TCS was down 0.99% at Rs1,224.
Banking stocks notched up significant gains during the day. Oriental Bank surged 6.32% at Rs220, Andhra Bank scaled up 3.67% at Rs92, Union Bank rose 2.86% at Rs122, Canara Bank jumped 2.59% at Rs243, Kotak Bank added 2.54% at Rs552, Fedral Bank gained 1.89% at Rs269 and Punjab National Bank was up 1.80% at Rs557.
Over 2.43 crore Reliance Natural Resources shares changed hands on the BSE followed by Nagajuna Fertilizers (1.05 crore shares), Tata Teliservices (95.78 lakh shares), IFCI (65.67 lakh shares) and Petronet LNG (65.64 lakh shares).
Value-wise Unitech registered a turnover of Rs225 crore on the BSE followed by HDFC Bank (Rs167 crore), SBI (Rs153 crore), Reliance Industries (Rs125 crore) and Orbit Corporation (Rs104 crore).
| | | | | | | | European Indices at 16:25 IST on 16-05-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6560.40 | -8.20 | -0.12 | | CAC 40 Index | 6031.26 | -18.50 | -0.31 | | DAX Index | 7487.94 | -17.41 | -0.23 | | | | | | | | | | | Asian Indices at close on 16-05-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17529.00 | 16.02 | 0.09 | | Hang Seng | 20937.26 | 69.11 | 0.33 | | KOSPI Composite | 1600.60 | 11.23 | 0.71 | | Straits Times Index | 3501.17 | 26.09 | 0.75 | | Jakarta Composite Index | 2063.76 | 25.98 | 1.27 | | | | | | | | | | | | “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