Sensex

Wednesday, June 27, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated June 27, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 27 June 2007 15:07
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated June 27, 2007

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

June 27, 2007

 

Index Performance

Index

Sensex

Nifty

Open

14,520.19

4,286.20

High

14,520.19

4,294.20

Low

14,407.12

4,255.25

Today's Cls

14,431.06

4,263.95

Prev Cls

14,501.08

4,285.70

Change

-70.02

-21.75

% Change

-0.48

-0.51

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Suzlon Energy

1532.70

6.72

IndusInd Bank

51.65

6.06

Sobha Developers

913.15

4.68

Engineers India

508.55

4.34

Titan Industries

1,329.40

3.92

Losers

FDC

32.70

-4.80

MICO

4,485.65

-4.27

Cadila Healthcare

380.45

-3.67

Mirc Electronics

18.10

-3.21

PFC 

142.20

-3.00

Market Statistics

-

BSE

NSE

Advances

1,245

455

Declines

1,338

617

Unchanged

64

26

Volume(Nos)

24.64cr

36.65cr

 Market Commentary 

Profit booking takes its toll

The Sensex slips 70 points on profit booking in PSU, metal and auto stocks.

Weak global cues and choppy trading ahead of the expiry of the June F&O series ensured that the market remained in the red today.  

 

Despite weak Asian markets the Sensex opened on a positive note but soon slipped into the red on selling pressure in heavyweights and metal stocks. The Sensex fell sharply as investors sold for profits and touched the early low of 14433. However, buying at lower levels by the afternoon saw the Sensex pare most of its losses, but the benchmark index again tumbled on unabated selling in public sector, metal and auto stocks, touching the day's low of 14407. The Sensex finally closed the session at 14431, down 70 points. The Nifty ended the session down 21 points at 4264.

Movers & Shakers

  • United Phosphorus fell despite acquiring DuPont's global triphenyltin hydroxide contact fungicide and fenbutatin-oxide miticide businesses.
  • MSK Projects gained on receiving orders worth Rs23.12 crore from Bharat Oman Refineries.
  • Sun TV Network tumbled despite launching FM Radio Station in Bhubaneshwar under the brand "S FM".
  • Nagarjuna Construction moved up on receiving a contract worth Rs333.77 crore from the public works department, Government of Karnataka.
  • Precision Containers slipped even after deciding to expand its manufacturing facilities at Daman with existing surplus land available with the company.
  • Jain Irrigation closed in the red despite receiving an order worth Rs84 crore from Hindustan Coca Cola Company for supply of mango pulp.


The breadth of the market was weak, with the losers outnumbering the gainers in a ratio of 1.06:1. Of the 2,647 stocks traded on the BSE, 1,338 stocks declined, 1,245 stocks advanced and 64 stocks ended unchanged. Most of the sectoral indices ended weak. The BSE PSU index slipped by 1.04% followed by the BSE Auto index (down 0.87%), the BSE Metal index (down 0.79%) and the BSE Bankex (down 0.64%).

Among the major losers, Tata Motors slipped 2.40% at Rs668, NTPC tumbled by 2.09% at Rs150, Reliance Communication declined by 2.05% at Rs515, Reliance Energy plunged by 1.97% at Rs578, ACC dropped 1.93% at Rs829, Bharti Airtel crumbled by 1.81% at Rs835, ONGC slumped 1.57% at Rs921 and Ranbaxy fell by 1.41% at Rs343. However, Satyam Computer gained 2.55% at Rs468 and Hero Honda moved up by 1.07% at Rs677 while TCS, Grasim, Infosys, Dr Reddy's Lab, HLL, Gujarat Ambuja, Wipro and Bajaj Auto ended with modest gains.

PSU stocks took a beating on the bourses. Bank of Baroda slipped by 2.92% at Rs259, Union Bank crashed by 2.36% at Rs128, SAIL shed 2.28% at Rs131, Mangalore Refineries lost 2.17% at Rs41 and Bharat Petroleum dropped 2.14% at Rs331. 

Over 1.80 crore IFCI shares changed hands on the BSE followed by IKF Technologies (82.45 lakh shares), Reliance Petroleum (79.42 lakh shares), GV Films (62.22 lakh shares) and Nelcast (60.95 lakh shares).

Value-wise GMR Infrastructure clocked a turnover of Rs297 crore on the BSE followed by Indiainfoline (Rs138 crore), Nelcast (Rs131 crore), Suzlon Energy (Rs124 crore) and Entertainment Network (Rs116 crore).

European Indices at 16:15 IST on 27-06-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6537.10

-22.20

-0.34

CAC 40 Index

5934.19

-19.17

-0.32

DAX Index

7805.94

-54.58

-0.69

Asian Indices at close on 27-06-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17849.28

-216.83

-1.20

Hang Seng

21705.56

-98.01

-0.45

Kospi Index

1733.10

-16.45

-0.94

Straits Times

3505.50

-19.60

-0.56

Jakarta Composite Index

2125.34

-28.20

-1.31

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

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
SPONSORED LINKS
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Search Ads

Get new customers.

List your web site

in Yahoo! Search.

HDTV Support

on Yahoo! Groups

Help with Samsung

HDTVs and devices

.

__,_._,___

No comments: