| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,139.92 | 4155.20 | | High | 14,152.79 | 4161.80 | | Low | 13,968.38 | 4102.95 | | Today's Cls | 14,003.03 | 4113.05 | | Prev Cls | 14,130.95 | 4155.20 | | Change | -127.92 | 42.15 | | % Change | -0.91 | -1.01 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Titan Ind | 1,072.75 | 6.28 | | Wyeth | 558.25 | 3.81 | | Lanco | 169.50 | 3.54 | | GTL | 222.95 | 3.48 | | MICO | 4,493.95 | 3.44 | | Losers | | Century Enka | 134.65 | -5.64 | | Balaji Tele | 206.90 | -3.20 | | SBI | 1,289.40 | -3.02 | | Bank of India | 182.90 | -3.02 | | BPCL | 335.90 | -3.00 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,083 | 430 | | Declines | 1,372 | 632 | | Unchanged | 85 | 28 | | Volume(Nos) | 22.17cr | 31.11cr | | | | | | Market Commentary | | | Sensex slips on weak global markets | | Sustained selling in capital goods, oil and banking stocks saw the Sensex to close marginally above the 14000 mark. | | On weakness in global markets and expectation that the market is in correction phase, the market witnessed accumulation of fresh short positions and squaring of | | | | long positions which led to two-way selling today. The Sensex resumed with a positive gap of nine points despite a major fall in the US markets and weak Asian indices. The market turned choppy as selling intensified among the Sensex heavyweights, FMCG, oil and capital goods stocks. While the index moved in a range with a negative bias thereafter, sustained selling saw the Sensex touch the day's low of 13968 towards the close. The Sensex finally closed at 14003, down 128 points, while the Nifty shed 42 points to close at 4113.
The breadth of the market was weak. Of the 2,535 stocks traded on the BSE, 1,372 stocks declined, 1,083 stocks advanced and 85 stocks ended unchanged. Except fro the BSE CD Index and the BSE HC Index all the sectoral indices received a beating. The BSE Oil & Gas Index led the slump and shed 1.25% at 7379, the BSE CG Index was down 1.22% and the BSE Bankex was down 1.14%. | | | Movers & Shakers | - Simplex Infrastructures hit the upper circuit after bagging two overseas orders worth Rs1,006.70 crore.
- Areva T&D India closed in the red despite laying the foundation stone for a new instrument transformer factory at Hosur, Tamil Nadu.
- IMP Powers surged on receiving a $1-million order from Zambia.
- Ansal Housing & Construction slipped despite announcing plan to develop 98 acre of residential project in Karnal, Haryana.
- ICICI Bank fell even though its subsidiary ICICI Financial Services, which owns its insurance and asset management businesses, decided to offload its 5.9% stake.
| | | | Among the 30 Sensex stocks 22 ended in the red and eight closed in the green. Among the laggards SBI was down 3.19% at Rs1,289, Reliance Communication declined by 2.46% at Rs486, L&T shed 1.85% at Rs1,871, HDFC dropped 1.70% at Rs1,751, Wipro lost 1.56% at Rs531 and HLL fell 1.56% at Rs187. However, select heavyweights attracted decent buying support. Dr Reddy's Lab surged 2.72% at Rs628, Satyam computers rose 1.65% at Rs486 and Tata Motors, Hindalco, Reliance Energy, Maruti Udyog, ONGC, NTPC and Cipla gained marginally.
Over 1.32 crore Time Technologies stocks changed hands on the BSE followed by GV Films (81.26 lakh shares), IFCI (66.81 lakh shares), Reliance Natural Resources (61.62 lakh shares) and Dabur India (51.62 lakh shares).
Value-wise Time Technologies registered a turnover of Rs636 crore followed by Reliance Industries (Rs147 crore), Nestle (Rs103 crore), Indiabulls Real Estate (Rs100 crore) and SBI (Rs81 crore). | | | | | | | | European Indices at 16:20 IST on 13-06-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6517.20 | -3.20 | -0.05 | | CAC 40 Index | 5888.55 | -9.61 | -0.16 | | DAX Index | 7626.79 | -51.47 | -0.67 | | | | | | | | | | | Asian Indices at close on 13-06-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17732.77 | -28.14 | -0.16 | | Hang Seng | 20578.75 | -57.64 | -0.28 | | Kospi Index | 1721.99 | -7.89 | -0.46 | | Straits Times | 3551.22 | -10.32 | -0.29 | | Jakarta Composite Index | 2088.60 | -19.98 | -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