Sensex

Monday, July 09, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 09, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 09 July 2007 15:46
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 09, 2007

 

 

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July 09, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,018.71

4,385.45

High

15,085.22

4,427.55

Low

15,005.47

4,385.45

Today's Cls

15,045.73

4,419.40

Prev Cls

14,964.12

4,384.85

Change

81.61

34.55

% Change

0.55

0.79

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Union Bank

145.20

11.82

Lanco Infra

227.65

8.43

Dena Bank

52.20

7.63

ING Vysya Bank

269.05

7.04

IOB

125.90

6.65

Losers

Alfa Laval

1,078.00

-2.69

Apollo Tyre

345.65

-2.43

HLL

195.35

-2.30

Aurobindo Pharma

742.00

-2.29

BEML

1,254.70

-2.05

Market Statistics

-

BSE

NSE

Advances

1,610

696

Declines

1,055

399

Unchanged

72

26

Volume(Nos)

27.84cr

38.24cr

 Market Commentary 

Market clocks new peak above 15000

The market registered decent gains, but was off its new intra-day high and ended at a new peak above the 15000 mark.

The market continued with its awesome display and achieved a new peak on the back of all-round buying.  

 

Resuming on a firm note at 15019, 55 points above its previous close of 14964, the Sensex rallied sharply and zoomed above the 15050 mark to touch a new intra-day high of 15085 on strong upmove in most of the index heavyweights and other side counters. However, profit-taking in select counters, particularly, in Reliance Energy, towards the close saw the Sensex pare gains to a considerable extent and close at a new high of 15046, up 82 points. The Nifty also edged higher and closed at 4419.

Movers & Shakers

  • Venus Remedies, which registered a research product in Ukraine, reported steady gains.
  • Dishman Pharmaceuticals was up on reports that the company has signed a memorandum of understanding with Solvay Pharmaceuticals.
  • ICSA India gained on report that it has secured work orders(s) for a total contract value of Rs30.44 crore from chief general manager/projects, APSPDCL, Tirupati, Andhra Pradesh.


The breadth of the market was positive. Of the 2,737 stocks traded on the BSE, 1,610 stocks advanced, 1,055 stocks declined and 72 ended unchanged. Among the sectoral indices, the BSE PSU index, the BSE Teck index and the BSE CG index rose around 1% each, while the BSE FMCG index and BSE Auto index were the only laggards and ended marginally weak.

Among the movers of the index, Reliance Energy soared 2.94% at Rs615.50, L&T rose 2.17% at Rs2,415.80, Bharti Airtel scaled up 1.98% at Rs884, ONGC added 1.88% at Rs895.85, TCS moved up by 1.51% at Rs1,176 and SBI was up 1.36% at Rs1,571. HDFC Bank, BHEL, NTPC and Wipro gained over 1% each. HLL, however, faced heavy profit booking and lost 2.30% at Rs195.35, while ICICI Bank declined 1.13% at Rs970. Mahindra and Mahindra, Cipla, Grasim and Maruti Udyog ended with marginal losses.

PSU stocks continued to trade in the limelight. Union Bank of India advanced 11.82% at Rs145.20, Dena Bank rose 7.63% at Rs52.20, Indian Overseas added 6.65% at Rs125.90 and Vijaya Bank gained 6.07% at Rs53.30. Corporation Bank, Oriental Bank, Rashtriya Chemicals, Indian Bank and UCO Bank were up 4-6% each.

Ambalal Sarabhai Enterprises at Rs24.75, Reliance Capital at Rs1,164.30, Morgan Stanley at Rs49.45, Prism Cements at Rs49.15, Sub Projects at Rs275, SOLIX Technologies at Rs44.95, Borosil at Rs620.85, Asian Electricity at Rs1,051.10 and Emco at Rs951 touched new intra-day highs on the BSE.

Over 1.73 crore IFCI shares changed hands on the BSE followed by GV Films (83.12 lakh shares), Roman Tarmat (81.89 lakh shares), IKF Technologies (69.53 lakh shares) and RNRL (41.60 lakh shares).

Value-wise Roman Tarmat registered a turnover of Rs269 crore followed by Vishal Retail (Rs245 crore), DIVIS Lab (Rs202 crore), Akruti Nirman (Rs179 crore) and ICICI Bank (Rs146 crore).

European Indices at 16:42 IST on 09-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

6708.10

18.00

0.27

CAC 40 Index

6117.47

14.78

0.24

DAX Index

8086.37

38.05

0.47

Asian Indices at close on 09-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

18261.98

121.04

0.67

Hang Seng Index

22817.43

285.69

1.27

Kospi Index

1883.59

22.58

1.21

Straits Times Index

3626.72

64.76

1.82

Jakarta Composite Index

2271.34

44.29

1.99

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