Sensex

Tuesday, July 10, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 10, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 10 July 2007 15:14
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 10, 2007

 

 

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July 10, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,100.13

4,419.10

High

15,114.95

4,434.45

Low

14,966.40

4,393.00

Today's Cls

15,009.88

4,406.05

Prev Cls

15,045.73

4,419.40

Change

-35.85

-13.35

% Change

-0.24

-0.30

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Arvind Mills

51.00

9.80

Ingersoll Rand

345.00

7.11

GMR Infra

793.50

6.51

Escorts

121.65

6.24

Chennai Petro

282.00

5.42

Losers

Thermax

544.35

-4.16

Birla Corp

274.45

-3.48

Ispat Inds

14.58

-3.38

Suzlon Energy

1,445.00

-3.33

IndusInd Bank

51.35

-3.20

Market Statistics

-

BSE

NSE

Advances

1,170

421

Declines

1,467

673

Unchanged

73

29

Volume(Nos)

30.29cr

42.31cr

 Market Commentary 

Market closes marginally above the 15k mark

The Sensex lost nearly 36 points and ended marginally above the 15000 level on across-the-board selling.

The market had a decent start today despite subdued Asian indices. After yesterday's solid performance the Sensex opened 49 points above its previous close and  

 

surged to touch another all-time high of 15115. Following the global market trend, the index gyrated around 150 points before taking a heavy plunge below the 15000 mark to touch an intra-day low of 14966 on the back of heavy selling pressure. Although the market managed to erase most of its losses towards the close, yet a fresh bout of buying in several front-line stocks saw the Sensex close at 15010, down 36 points. The Nifty closed the session at 4406 by shedding 13 points. 

The breadth of the market was negative as losers outnumbered gainers. Of the 2,710 stocks traded on the BSE, 1,467 stocks declined, 1,170 stocks advanced and 73 stocks ended unchanged. Among the sectoral indices, the BSE CD Index at 4137 and the BSE CG Index at 12760 were down over 1% each. However, the BSE Auto Index added 1%, while the BSE IT Index and the BSE Metal Index gained marginally.

Movers & Shakers

  • Tulip IT gained on receiving the international long distance licence by the Department of Telecom.
  • L&T slipped despite receiving an order valued at Rs542 crore from IOC for the Motor Spirit Quality upgradation unit at Panipat, Haryana.
  • Patni Computer closed in the red despite signing a deal with iTKO, a US-based testing software company, to deliver Service Oriented Architecture testing services.


Few heavyweight stocks helped the index rebound from its intra-day low. Auto stocks ended with strong gains after taking a dip in the last few sessions. Tata Motors rose 4.03% at Rs745, Maruti Udyog moved up by 2.33% at Rs8,130, M&M gained 1.16% at Rs788 and Bajaj Auto added 1.08% at Rs2,128. Among the other major gainers HUL gained 1.61% at Rs199, Infosys flared up 1.35% at Rs2,020, Tata Steel shot up by 1.35% at Rs634 and Satyam Computer added 1.15% at Rs497. 

Selling was also evident in several front-line stocks. Reliance Communication slipped 1.76% at Rs543, HDFC Bank dropped 1.73% at Rs1,148 while ITC declined by 1.48% at Rs153, Grasim lost 1.38% at Rs2,727, Gujarat Ambuja Cement shed 1.36% at Rs130 and SBI was down 1.31% at Rs1,551.

Reliance Natural Resources attracted volumes of over 1.83 crore shares on the BSE followed by Ankit Metal (1.72 crore shares), GV Films (73.47 lakh shares) and IFCI (73.37 lakh shares).

Value-wise ICRA registered a turnover of Rs186 crore followed by Orbit Corporation (Rs173 crore), DLF (Rs137 crore), Devi's Lab (Rs112 crore) and Vishal Retail (Rs107 crore).

European Indices at 16:15 IST on 10-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6692.30

-20.40

-0.30

CAC 40 Index

6078.42

-26.24

-0.43

DAX Index

8043.54

-33.85

-0.42

Asian Indices at close on 10-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

18252.67

-9.31

-0.05

Hang Seng

22885.84

68.41

0.30

Kospi Index

1894.53

10.94

0.58

Straits Times

3620.32

-6.40

-0.18

Jakarta Composite Index

2282.38

11.03

0.49

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