Sensex

Tuesday, July 17, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 17, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 17 July 2007 16:17
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 17, 2007

 

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

July 17, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,357.60

4,497.10

High

15,440.20

4,550.25

Low

15,272.46

4,488.25

Today's Cls

15,289.82

4,496.75

Prev Cls

15,311.22

4,512.15

Change

-21.40

-15.40

% Change

-0.14

-0.34

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

GNFC

137.15

5.50

Mastek

343.05

3.91

Nicholas Piramal

293.85

3.47

HCL Tech

336.90

3.15

Ambuja Cement

137.45

3.11

Losers

Siemens

1,345.55

-7.67

Geometric Software

117.80

-6.17

Ispat Industries

15.24

-4.99

Sterlite Industries

633.00

-4.80

CESC

477.10

-4.13

Market Statistics

-

BSE

NSE

Advances

977

370

Declines

1,696

719

Unchanged

60

32

Volume(Nos)

36.64cr

52.86cr

 Market Commentary 

Market dips marginally on late selling

A late bout of selling saw the Sensex erase its early gains and close at 15290.

The market was poised for another positive close, but a late bout of selling dragged the Sensex below 15300 and halted its up move.  

 

Shrugging off the mixed trend in the US and European markets, the Sensex took a cue from the Asian indices and resumed 47 points above its last close at 15358. Extending the up move on hectic buying support, the Sensex breached the 15400 mark and touched the day's high of 15440. The market remained above the crucial 15350 level for a major portion of the day, but it witnessed a major slump towards the close and touched an intra-day low of 15272. The Sensex closed with losses of 21 points at 15290, while the Nifty was down 15 points at 4497.

The breadth of the market was marginally weak. Of the 2733 stocks traded on the BSE, 1,696 stocks declined, 977 stocks advanced and 60 stocks ended unchanged. On the sectoral front, the BSE Oil & Gas index was up 1.46% at 7985 and the BSE IT index gained 0.65% at 4880 while the BSE CD index closed marginally higher at 4230. However BSE Metal index, BSE CD index, BSE Auto index and BSE PSU were down 1% each. 

Among the major losers, M&M shed 2.63% at Rs780, Reliance Com declined 2.31% at Rs561, BHEL fell 2.16% at Rs1623, SBI slipped 2.09% at Rs1580, Tata Steel dipped 1.98% at Rs681, Bharti Airtel lost 1.62% at Rs863 and Bajaj Auto slumped 1.61% at Rs2219. HDFC, Tata Motors, Grasim, HDFC Bank, REL, Cipla, Hindalco, L&T, ONGC and ACC were down 1% each. Ambuja Cements, however, gained 3% at Rs137, followed by RIL up 2.86% at Rs1827, TCS added 2.39% at Rs1155, Dr Reddy's jumped 1.79% at Rs674 and Satyam was up by 1.30% at Rs488. Wipro and ITC were up 1% each. ICICI Bank, NTPC, Infosys and Ranbaxy ended the day in the positive territory.

Over 23.22 million Reliance Natural Resources shares changed hands on the BSE followed by Bella Steel (14.29 million shares), Celest Lab (77.87 lakh shares), Silverline Technologies (74.80 lakh shares) and IFCI (74.03 lakh shares).

Value-wise, Indiabulls Real Estate registered a turnover of Rs403.62 crore on the BSE followed by Indiabulls (Rs238.85 crore), DLF (Rs185.94 crore), RIL (Rs166.85 crore) and GMR Infrastructure (Rs153.31 crore).

European Indices at 16:15 IST on 17-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6635.60

-62.20

-0.93

CAC 40 Index

6070.70

-54.90

-0.90

DAX Index

8002.00

-103.69

-1.27

 

Asian Indices at close on 17-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

18217.27

-21.68

-0.12

Hang Seng

23057.30

103.36

0.45

Kospi Index

1949.51

-13.42

-0.68

Straits Times

3651.05

-2.18

-0.06

Jakarta Composite Index

2301.34

15.12

0.66

 

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

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
SPONSORED LINKS
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Yoga Groups

Find Enlightenment

& exchange insights

with other members

Real Food Group

on Yahoo! Groups

What does real food

mean to you?

.

__,_._,___

No comments: