| | | | Index Performance | | Index | Sensex | Nifty | | Open | 14,948.15 | 4,103.80 | | High | 15,015.35 | 4,411.45 | | Low | 14,829.55 | 4,344.70 | | Today's Cls | 14,910.62 | 4,387.15 | | Prev Cls | 15,009.88 | 4,406.05 | | Change | -99.26 | -18.90 | | % Change | -0.66 | -0.43 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | CMC | 1,485.00 | 13.33 | | Ramco System | 150.00 | 9.97 | | RCF | 46.45 | 6.17 | | IOB | 134.40 | 6.16 | | GNFC | 119.20 | 5.81 | | Losers | | Infosys | 1,929.70 | -4.47 | | Sterling Biotech | 167.05 | -3.47 | | TCS | 1,146.90 | -3.34 | | Satyam Computer | 480.85 | -3.28 | | Jindal Saw | 669.85 | -3.01 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,444 | 585 | | Declines | 1,183 | 507 | | Unchanged | 67 | 30 | | Volume(Nos) | 32.42cr | 46.27cr | | | | | | Market Commentary | | | Mid-caps rally in an otherwise subdued market | | While the key indices closed in the red the CNX Mid-cap Index closed up 0.57% and the BSE Mid-cap Index ended higher by 0.58%. | | Weak global cues, modest earnings from Infosys and rising crude oil prices kept Indian floats lower today. IT bellwether Infosys Technologies today reported | | | | a net profit of Rs1,028 crore for the quarter ended June 30, 2007, down 8.5% from Rs1,124 crore in the quarter ended March 31, 2007. Tracking the same, the Sensex resumed with a negative gap of 62 points at 14948 but recovered immediately and touched the day's high of 15015. But, the party did not last. The fresh bout of selling in technology, auto and banking stocks dragged the Sensex to its day's low of 14830 by the afternoon. The market remained subdued thereafter as investors preferred to remain on the sidelines. The Sensex finally closed the session by shedding 99 points at 14911. The broad based Nifty ended the session at 4387, down 19 points.
Surprisingly, the breadth of the market was positive. Of the 2,694 stocks traded on the BSE, 1,444 stocks advanced, 1,183 stocks declined and 67 stocks ended unchanged. The sectoral indices had a mixed outing. The BSE IT index slipped sharply and dropped 3.34% followed by the Teck index (down 1.99%) and the BSE Auto index (down 0.52%). However, the BSE Realty index rallied sharply and gained 3.38% followed by the BSE Metal index (up 1.48%) and the BSE CD index (up 1.30%). | | | Movers & Shakers | - HCL Technologies closed in the red despite opening an offshore development centre to provide software services to Konica Minolta Group.
- DMC International zoomed after entering into a JV agreement with SADM Technology Pvt Ltd for development of IT tower.
- GTL slipped on the reports that the company has sold its enterprise solutions and managed services business to EGN B. V in an all-cash deal.
- Dollex Industries tumbled despite receiving a $ 6-million order for Indian Made Foreign Liquor from Africa.
| | | |
Among the major losers Infosys Technologies slumped by 4.47% at Rs1,930, TCS plummeted by 3.34% at Rs1,147, Satyam Computer tumbled by 3.28% at Rs481, Wipro shed 2.02% at Rs510, Ambuja Cement crashed by 1.84% at Rs128, Tata Motors dropped 1.69% at Rs732 and Ranbaxy declined by around 1.44% at Rs357. However, Grasim surged 3.40% at Rs2,819, Tata Steel jumped 3.40% at Rs656, ACC zoomed 3.16% at Rs1,069, Reliance Energy added 2.14% at Rs626 and HUL gained 1.96% at Rs202. BHEL, ONGC, Bharti Airtel, HDFC Bank and Dr Reddy's Lab closed with modest gains.
Reality stocks, however, registered solid gains. India Bulls Real Estate was in the forefront and vaulted 7.03% at Rs501. Among the other major gainers DLF soared 3.27% at Rs590, Unitech surged 3.06% at Rs542, Sobha Developers advanced 1.98% at Rs955 and Parsvanath Developers scaled up 1.94% at Rs383.
Over 2.12 crore shares of Reliance Natural Resources shares changed hands on the BSE followed by IFCI (1.18 crore shares), Nagarjuna Fertilizers (1.17 crore shares), Silverline Technologies (1.13 crore shares) and G V Films (96.42 lakh shares).
Value-wise Infosys Technologies registered a turnover of Rs298 crore on the BSE followed by DLF (Rs190 crore), Roman Tarmat (Rs154 crore), GMR Infrastructure (Rs148 crore) and Indiabulls Real Estate (Rs139 crore).
| | | | | | | | European Indices at 16:15 IST on 11-07-2007 | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6556.90 | 51.80 | 0.80 | | CAC 40 Index | 5932.83 | 49.54 | 0.84 | | DAX Index | 7675.88 | 85.38 | 1.12 | | | | | | | | | | | Asian Indices at close on 11-07-2007 | | | | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 17834.48 | 55.39 | 0.31 | | Hang Seng | 20615.49 | 106.34 | 0.52 | | Kospi Index | 1716.56 | -10.72 | -0.62 | | Straits Times | 3545.46 | 53.87 | 1.54 | | Jakarta Composite Index | 2084.03 | 29.58 | 1.44 | | | | | | | | 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