Sensex

Saturday, June 16, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated June 15, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 15 June 2007 15:32
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated June 15, 2007

 

 

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June 15, 2007

 

Index Performance

Index

Sensex

Nifty

Open

14,277.61

4,186.40

High

14,326.55

4,209.45

Low

14,112.53

4,153.70

Today's Cls

14,162.71

4,171.45

Prev Cls

14,203.72

4,170.00

Change

-41.01

1.45

% Change

-0.29

0.03

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Lanco Infra

196.15

10.60

United Phosphorus

313.10

9.36

HCL Infosys

186.50

7.31

Suzlon Energy

1,384.25

5.61

ING Vysya Bank

253.15

5.06

Losers

SCI

191.85

-4.48

Punjab Tractors

291.40

-4.33

Hexaware

160.70

-3.40

Indo Rama Synthetics

47.55

-2.86

Jindal Stainless

144.55

2.82

Market Statistics

-

BSE

NSE

Advances

1,275

783

Declines

1,210

628

Unchanged

86

33

Volume(Nos)

23.88cr

34.43cr

 Market Commentary 

Market ends choppy

Led by the heavy selling in IT and metal stocks, the Sensex witnessed a fall and shed 41 points for the day.

The market resumed with a huge positive gap of 74 points on firming trends in global markets, expectations of a further ease in inflation and smart gains in   

 

yesterday's trades. The market remained firm but within a range of 14250-14300 in the early trades. The stocks rallied sharply in the afternoon session as India’s inflation rate slipped to 4.8% in the week ended June 2 and touched the intra-day high of 14327. The Sensex shed some gains thereafter but recovered on some buying interest for a while. The Sensex slipped further as selling intensified in frontline, information technology (IT) and metal stocks dragging the index down to enter into negative territory and touch the day's low of 14113. After slipping over 200 points from the day's high the Sensex ended the session by shedding 41 points at 14163. The Nifty closed the session by adding a point at 4171.

Although the market fell sharply, the breadth of the market was positive. Of the 2,571 stocks traded on the BSE 1,275 stocks advanced, 1,210 stocks declined and 86 stocks ended unchanged. Among the sectoral indices the BSE IT Index, the BSE Metal Index and the BSE Oil & Gas Index lost around 1% each while the BSE CG Index gained 1.68% and the BSE CD Index added 1.18%.

Movers & Shakers

  • Orchid Chemicals closed in the red despite receiving the tentative approval from the USFDA for its Terbinafine HCL 250mg tablets.
  • Hindustan Dorr Oliver rallied sharply on receiving a major order worth Rs85 crore from IOC.
  • Aurobindo Pharma slipped despite receiving seventh Cephalosporin approval for its Cefpodoxime proxetil tablets.
  • Venus Remedies advanced on successfully filling patent in 48 countries for its second PCT application.
  • Indiabulls Real Estate gained on signing a memorandum of understanding with Zublin International GmbH to jointly work on large infrastructure development projects.


The index heavyweights stocks witnessed heavy selling. Tata Steel slumped 2.29% at Rs600, HDFC lost 2.23% at Rs1,785, NTPC shed 1.89% at Rs151, Grasim plunged 1.79% at Rs2,389, Hindalco crumbled by 1.68% at Rs161, TCS declined 1.60% at Rs1,184, Satyam Computer dropped 1.55% at Rs483 while Reliance Industries, Dr Reddy's Lab and Gujarat Ambuja Cement slipped marginally. Select counters, however, managed to buck the downtrend and ended in the green. BHEL rose 2.95% at Rs1,389, Maruti Udyog moved up by 1.62% at Rs740, L&T added 1.29% at Rs1,948 and Tata Motors gained 1.21% at Rs650 and Ranbaxy ended higher by 1.01% at Rs374.

IT stocks lost ground on selling pressure. Hexaware dropped 3.40% at Rs161, KLG Systel slumped 3.17% at Rs381, Allsec Technologies declined 3.17% at Rs257, Asian CERC lost 2.81% at Rs195 and Helios & Matheson fell by 2.60% at Rs161. 

Over 1.41crore IFCI shares changed hands on the BSE followed by GV Films (1 crore shares), IQMS Software (57.36 lakh shares), IKF Technologies (51.30 lakh shares) and Reliance Natural Resources (45.66 lakh shares).

Value-wise MIC Electronics registered a turnover of Rs154 crore followed by Reliance Industries (Rs128 crore), Indiabulls Real Estate (Rs127 crore), ICRA (Rs112 crore) and Reliance Capital (Rs89 crore).

European Indices at 16:15 IST on 15-06-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6690.50

40.60

0.61

CAC 40 Index

6075.68

28.45

0.47

DAX Index

7904.37

55.21

0.70

Asian Indices at close on 15-06-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17971.49

129.20

0.72

Hang Seng

21017.05

149.79

0.72

Kospi Index

1772.26

3.08

0.17

Straits Times

3581.16

7.73

0.22

Jakarta Composite Index

2120.64

12.23

0.58

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