| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,087.91 | 4,113.20 | | High | 14,219.24 | 4,174.05 | | Low | 14,087.91 | 4,112.85 | | Today's Cls | 14,203.72 | 4,170.00 | | Prev Cls | 14,003.03 | 4,113.05 | | Change | 200.69 | 56.95 | | % Change | 1.43 | 1.38 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Alstom Project | 600.20 | 8.58 | | Sun TV | 1,457.05 | 6.84 | | Nicholas Piramal | 306.85 | 6.73 | | Vijaya Bank | 47.90 | 5.97 | | TVS Motor | 65.20 | 5.84 | | Losers | | Punjab Tractor | 304.60 | -4.81 | | Proctor & Gamble | 779.15 | -2.22 | | Apollo Tyre | 322.35 | -1.77 | | GSK Pharma | 1,282.40 | -1.71 | | Hero Honda | 683.50 | -1.65 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,692 | 804 | | Declines | 781 | 255 | | Unchanged | 88 | 27 | | Volume(Nos) | 20.64cr | 31.24cr | | | | | | Market Commentary | | | Sensex recovers on firm global cues, short coverings | | The market rallied sharply and closed above the 14200 mark on strong buying in metal and capital goods stocks. | | The market displayed a positive trend on firming global cues. The Sensex went into a major recovery mode and surged by 201 points during the intra-day trades. | | | | Recovery in major Asian indices turned the sentiment bullish, with the Sensex crossing the 14100 mark in early trades and maintaining the upward bias thereafter. The mood remained upbeat on strong buying in metal, capital goods, public sector and technology stocks. The market rallied sharply towards the close and the Sensex surged past the 14200 mark to touch the day's high of 14219. The Sensex ended the session by gaining 201 points at 14204, while the Nifty added 57 points at 4170.
The breadth of the market was extremely positive, with gainers outnumbering losers in the ratio of 2.18:1. Of the 2,561 stocks traded on the BSE 1,692 stocks advanced, 781 stocks declined and 88 stocks ended unchanged. Among the sectoral indices the BSE Metal Index flared up by 2.84%, the BSE CG Index rose 2.31%, the BSE PSU Index moved up by 1.71% and the BSE Teck Index was up 1.60%. The other indices also ended with gains. | | | Movers & Shakers | - ICRA zoomed on signing an agreement with Corporation Bank to assign ratings to SSI and SME borrowers of the bank.
- Global Broadcast News advanced on launching a 24-hour Marathi language news and current affairs channel.
- Sun TV rallied sharply on signing an exclusive agreement with Nimbus Communications to broadcast live feed of the ODI matches of the Ireland Series.
- GE Shipping gained on signing a contract to sell its single hull very large crude carrier "Ardeshir H Bhiwandiwalla".
- Nagarjuna Construction Company moved up on receiving a contract worth Rs61 crore from National Institute of Technology.
| | | | Barring Hero Honda, ICICI Bank, Tata Motors and ITC all the other Sensex stocks ended at higher levels. HDFC flared up 4.24% at Rs1,825, ACC shot up by 3.36% at Rs825, Tata Steel zoomed 3.18% at Rs614, Grasim moved up by 2.96% at Rs2,432, BHEL scaled up 2.88% at Rs1,349, L&T surged by 2.78% at Rs1,933, Bharti Airtel jumped by 2.63% at Rs818 and Hindalco gained 2.34% at Rs164.
Metal stocks were in demand and attracted strong buying support. JSW Steel spurted by 5.07% at Rs582, Maharashtra Seemless shot up by 4.40% at Rs607, SAIL flared up 4.39% at Rs133 and Sesa Goa jumped by 4.39% at Rs1,762. Jindal Saw, Jindal Steel, Jindal Stainless and Sterlite gained around 1-2% each.
Over 71.02 lakh GV Films shares changed hands on the BSE followed by IFCI (63.09 lakh shares), Reliance Natural Resources (6.06 lakh shares), Time Technologies (50.92 lakh shares) and MIC Electronics (38.15 lakh shares).
Value-wise Time Technologies clocked a turnover of Rs248 crore followed by ICRA (Rs186 crore), Unitech (Rs138 crore), MIC Electronics (Rs137 crore) and Indiabulls Real Estate (Rs102 crore). | | | | | | | | European Indices at 16:15 IST on 14-06-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6616.60 | 57.00 | 0.87 | | CAC 40 Index | 5990.61 | 56.31 | 0.95 | | DAX Index | 7799.19 | 118.43 | 1.54 | | | | | | | | | | | Asian Indices at close on 14-06-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17842.29 | 109.52 | 0.62 | | Hang Seng | 20867.26 | 288.51 | 1.40 | | Kospi Index | 1769.18 | 47.19 | 2.74 | | Straits Times | 3573.43 | 22.21 | 0.63 | | Jakarta Composite Index | 2108.41 | 19.81 | 0.95 | | | | | | | | To know more about our products and services, click here. | | | | | | | “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