Sensex

Thursday, July 12, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 12, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 12 July 2007 15:36
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 12, 2007

 

 

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July 12, 2007

 

Index Performance

Index

Sensex

Nifty

Open

14,963.53

4,388.05

High

15,112.22

4,451.95

Low

14,963.53

4,387.05

Today's Cls

15,092.04

4,446.15

Prev Cls

14,910.62

4,387.15

Change

181.42

59.00

% Change

1.22

1.34

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

GMR Infra

951.65

13.58

Ramco System

165.00

10.00

Lanco Infra

251.25

8.70

Hindalco

165.85

7.03

Reliance Energy

668.50

6.82

Losers

Ingersoll Rand

331.70

-4.68

Arvind Mills

48.50

-3.87

ING Vysya Bank

256.25

-2.23

IOB

131.75

-1.97

iGate Global

283.10

-1.74

Market Statistics

-

BSE

NSE

Advances

1,793

765

Declines

858

340

Unchanged

62

18

Volume(Nos)

36.33cr

51.28cr

 Market Commentary 

Sensex rallies on metal and auto stocks

Buoyancy in heavyweights, metal and auto stocks helped the Sensex to gain 181 points for the day.

The market witnessed a sharp pull-back after witnessing a slump for the last couple of sessions. The rally was mainly triggered by the buoyancy in   

 

heavyweights, metal and auto stocks. Realty stocks on the bourses also rallied sharply today, as the market value of DLF, India's biggest real estate firm, crossed rupees one-trillion mark on hopes that the Reserve Bank of India may not raise interest rates at a credit review later this month. Firm close in other Asian indices also helped the market to rally. The Sensex resumed with a positive gap of 53 points at 14964 and surged on sustained buying in front-line stocks. The index moved within a range thereafter. However, hectic buying towards the close helped the Sensex to touch the day's high of 15112 and end the session at 15092, up 181 points. The Nifty closed by adding 59 points at 4446.

Among the sectoral indices the Metal index led the upsurge with gains of 3.34% at 11475 followed by the BSE Realty index (up 3.33% at 7880), the BSE Auto index (up 1.75% at 5007) and the BSE Bankex (up 1.57% at 8216). The market breadth was extremely positive. Of the 2,713 stocks traded on the BSE 1,793 stocks advanced, 858 stocks declined and 62 stocks ended unchanged.

Out of the 30 Sensex stocks, 25 managed to end in the green while five stocks ended with losses. Hindalco was the leading gainer and soared 7.03% at Rs166. Reliance Energy jumped 6.82% at Rs669, HDFC Bank shot up by 4.42% at Rs1,201, BHEL advanced 4.12% at Rs1,641, Reliance Communication moved up by 4.04% at Rs562, Bajaj Auto added 3.11% at Rs2,195 and M&M gained 2.86% at Rs803. Among the laggards Ambuja Cement dropped 1.17% at Rs126, ONGC shed 0.95% at Rs893, Infosys declined by 0.41% at Rs1,922, Satyam fell 0.25% at Rs480 and L&T slipped marginally at Rs2,377. 

Over 2.49 crore Reliance Natural Resources shares changed hands on the BSE followed by Nagarjuna Fertilizers (1 crore shares), IFCI (97.49 lakh shares), IKF Technologies (86.40 lakh shares) and Tata Teleservices (70.30 lakh shares).

GMR Infrastructure registered a turnover of Rs454 crore on the BSE followed by DLF (Rs228 crore), Time Technologies (Rs148 crore), Reliance Energy (Rs133 crore) and Unitech (Rs118 crore).

European Indices at 16:15 IST on 12-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6633.60

18.50

0.28

CAC 40 Index

6017.38

16.29

0.27

DAX Index

7914.38

15.84

0.20

Asian Indices at close on 12-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17984.14

-65.37

-0.36

Hang Seng

22809.02

202.00

0.89

Kospi Index

1909.75

19.79

1.05

Straits Times

3624.56

29.62

0.82

Jakarta Composite Index

2284.92

11.50

0.51

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