Sensex

Monday, July 23, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 23, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 23 July 2007 15:51
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 23, 2007

 

 

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July 23, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,560.57

4,564.25

High

15,773.37

4,628.45

Low

15,477.91

4,547.20

Today's Cls

15,732.20

4,619.35

Prev Cls

12,565.55

4,566.05

Change

166.65

53.30

% Change

1.07

1.17

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

GMR Infra

960.00

8.94

Century Textiles

760.50

7.52

BHEL

1,765.45

7.12

ABB

1,136.10

6.04

L&T

2,614.40

5.62

Losers

National Fertilsers

33.40

-8.24

Fertillisers Chemicals

23.30

-7.91

RCF

50.00

-7.49

Finolex Cable

89.70

-5.03

Cipla

191.35

-4.75

Market Statistics

-

BSE

NSE

Advances

1,330

497

Declines

1,306

586

Unchanged

74

26

Volume(Nos)

35.77cr

43.80cr

 Market Commentary 

Market remains buoyant

The Sensex clocked solid gains and closed at 15,732 amid buying in heavyweight, capital goods and FMCG stocks.

The northbound trend of the Sensex continued for the fourth consecutive session with the index registering smart gains on buying in heavyweight and sectoral   

 

stocks. The Sensex began the trading session marginally lower and shed 88 points to touch the day's low at 15,478, but recovered on buying in heavyweights and rallied sharply to touch another all-time high of 15,773 towards close. The Sensex came close to testing 15,800 towards the day’s close, but ended the session with a gain of 167 points at 15,732. The Nifty gained 53 points to close at 4,619.

The breadth of the market was marginally positive. Of the 2,710 stocks traded on the BSE, 1,330 stocks advanced, 1,306 stocks declined and 74 stocks ended unchanged. On the sectoral indices front, the BSE CG index surged 4.97% to 13,720 followed by the BSE Realty index (up 2.62% to 8,398) and the BSE FMCG (up 2.12% to 1,868). However, the BSE Bankex index, the BSE HC index and the BSE IT index inched lower.

Movers & Shakers

  • IVRCL Infrastructures surged on receiving four orders aggregating to Rs641.39 crore.
  • Pratibha Industries slipped despite receiving two contracts from Municipal Corporation of Greater Mumbai worth Rs434.86 crore.
  • UTI Bank fell sharply despite successfully pricing its offering of 14.13 million GDRs aggregating 218.07 million.


Among the gainers, BHEL advanced 7.54% to Rs1,772, L&T surged 7.42% to Rs2,659, HUL added 4.58% to Rs203, Bajaj Auto advanced 4.21% to Rs2,425, Reliance Energy gained 3.97% to Rs716, ACC jumped 3.47% to Rs1,146 and Satyam Computers was up 2.85% to Rs491. However, Cipla dropped 4.75% to Rs191, Infosys lost 2.01% to Rs1,947 and ICICI Bank declined 1.53% to Rs970, while ITC, Ranbaxy, Ambuja Cement, M&M and Dr Reddy's Lab closed with marginal losses.

Several capital goods stocks attracted strong buying support. Areva soared 7.20% to Rs1,647, BHEL advanced 7.12% to Rs1,765, ABB surged 6.04% to Rs1,136 and L&T gained 5.62% to Rs2,614. Crompton Greaves, Bharat Electronics, Punj Lloyds, BEML, Suzlon Energy and Alstom Projects gained over 1-3% each.

Over 6.10 crore Surya Chakra Power Corporation shares changed hands on the BSE followed by IFCI (1.39 crore shares), Reliance Natural Resources (98.81 lakh shares), Spice Telecommunication (84.10 lakh shares) and Tata Teleservices (78.56 lakh shares).

Valuewise, GMR Infrastructure registered a turnover of Rs225 crore on the BSE followed by DLF (Rs174 crore), Surya Chakra Power Corporation (Rs139 crore), L&T (Rs98 crore) and United Sprits (Rs98 crore).

European Indices at 16:05 IST on 23-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6588.80

3.60

0.05

CAC 40 Index

5947.12

-10.04

-0.17

DAX Index

7862.58

-12.27

-0.16

Asian Indices at close on 23-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17963.64

-194.29

-1.07

Hang Seng

23365.56

73.66

0.32

Kospi Index

1993.05

9.51

0.48

Straits Times

3635.35

-16.03

-0.44

Jakarta Composite Index

2380.21

13.81

0.58

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