Sensex

Friday, June 22, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated June 22, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 22 June 2007 15:23
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated June 22, 2007

 

 

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June 22, 2007

 

Index Performance

Index

Sensex

Nifty

Open

14,508.63

4,267.55

High

14,560.32

4,278.85

Low

14,441.76

4,242.50

Today's Cls

14,467.36

4,252.05

Prev Cls

14,499.24

4,267.40

Change

-31.88

-15.35

% Change

-0.22

-0.36

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

FDC

34.25

7.87

GE Shipping

342.05

5.69

Sun TV

1,649.00

5.48

IDFC

126.05

5.44

Reliance Energy

590.20

5.32

Losers

Chennai Petroleum

263.55

-7.69

HCL Infosys

194.85

-6.50

Rolta India

461.45

-6.17

HTMT Global

559.80

-5.15

Birla Corporation

244.15

-4.44

Market Statistics

-

BSE

NSE

Advances

1,274

478

Declines

1,280

578

Unchanged

86

39

Volume(Nos)

23.67cr

33.73cr

 Market Commentary 

Sensex slips despite record fall in inflation

After a mild recovery, stocks continued to slide despite inflation rate hitting a 58-week low.

The market remained choppy as investors continued to book profits on every rise.  

 

Stocks had rebounded yesterday, helped by good volumes and strong Asian markets. However, the inflation rate, which hit a record low at 4.28%, could not rescue the sliding index and the Sensex touched the day's low of 14442. Except consumer durable and pharma stocks most of the stocks witnessed selling pressure. The lack of buying interest kept the market subdued and the Sensex closed the session by shedding 32 points at 14467. The Nifty closed the session down 15 points at 4252. 

The market breadth was neutral. Of the 2,640 stocks that traded on the BSE, 1,280 stocks declined, 1,274 stocks advanced and 86 stocks ended unchanged. Most of the sectoral indices closed with a little change. The BSE Oil & Gas index dropped 0.97% at 7594 followed by the BSE Metal index (down 0.69% at 10745) and the BSE IT index (down 0.59% at 4858).

Among the Sensex stocks, Reliance Energy was the leading gainer and soared 5.32% at Rs590, Hindalco advanced 1.89% at Rs170, NTPC jumped 1.73% at Rs153, HDFC shot up by 1.65% at Rs1,870, Hero Honda moved up 1.28% at Rs670 and HLL gained 1.24% at Rs192, while Dr Reddy's Lab, SBI, Barti Airtel and ICICI Bank closed with marginal gains. Among the laggards BHEL tumbled 2.80% at Rs1,440, Gujarat Ambuja shed 2.64% at Rs116, Reliance Industries declined by 1.68% at Rs1,704 and Tata Steel lost 1.55% at Rs599. 

Over 1.09 crore Reliance Natural Resources shares changed hands on the BSE followed by IKF Technologies (99.55 lakh shares), IDBI (80.08 lakh shares), TCS (49.30 lakh shares) and IFCI (47.90 lakh shares).

TCS registered a turnover of Rs562 crore on the BSE followed by Time Technologies (Rs163 crore), Reliance Industries (Rs147 crore), Educomp (Rs144 crore) and SBI (Rs135 crore). 

European Indices at 16:20 IST on 22-06-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6575.40

-20.60

-0.31

CAC 40 Index

6024.58

-5.21

-0.09

DAX Index

7937.85

-26.86

-0.34

Asian Indices at close on 22-06-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

18188.63

-51.67

-0.28

Hang Seng

21999.91

45.21

0.21

Kospi Index

1770.98

-23.26

-1.30

Straits Times

3615.38

-24.11

-0.66

Jakarta Composite Index

2152.32

-0.02

0.00

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