Sensex

Wednesday, July 25, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 25, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 25 July 2007 16:12
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 25, 2007

 

 

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July 25, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,711.87

4,620.50

High

15,771.26

4,620.50

Low

15,572.98

4,555.80

Today's Cls

15,699.33

4,588.70

Prev Cls

15,794.92

4,620.75

Change

-95.59

-32.05

% Change

-0.61

-0.69

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

ITC

165.85

8.93

Mastek

305.15

8.00

Pidilite Industries

146.20

5.18

Thermax

630.30

4.76

HDIL

580.10

3.85

Losers

Lanco Infra

210.30

-10.13

India Cement

204.90

-9.61

Asahi India

101.85

-7.41

Suzlon Energy

1,401.90

-6.61

Satyam Computer

486.90

-6.06

Market Statistics

-

BSE

NSE

Advances

862

328

Declines

1,753

773

Unchanged

70

34

Volume(Nos)

32.52cr

44.72cr

 Market Commentary 

Sensex erases its lows but sheds 96 points at close

Across-the-board selling saw the Sensex slip below 15,600 mark, but selective buying towards the close enabled the Sensex make for the losses.

Weak global cues and negative breadth in yesterday's trades, led the market open at a lower today. Bombay Stock Exchange's Sensex was down 

 

83 points at the open and remained subdued as investors booked profits after the recent gains. Realty, capital goods and auto stocks took the major beating, but FMCG stocks bucked the trend on the gains in ITC. The index faltered under selling pressure by afternoon and slipped to the day's low of 15,573. While the market fluctuated sharply thereafter, the firm bullish sentiment and strong buying in heavyweights and FMCG stocks in the late trades helped the Sensex erase most of its losses. The Sensex finally ended the session by shedding 0.61% or 96 points at 15,699. The Nifty slipped by 0.69% or 32 points at 4,589.

The market breadth was negative, with the losers outpacing the gainers in the ratio of 2.01:1. Of the 2,685 stocks that traded on the BSE, 1,753 stocks declined, 862 stocks advanced and 70 stocks ended unchanged. Most of the sectoral indices ended in the red. The BSE Realty index dropped 2.90% at 8,132 followed by the BSE CG index (down 2.46% at 13,429) and the BSE Bankex index (down 2% at 5,023). However, the BSE FMCG index gained 3.91% at 1,951 and the BSE CD index (up 1.08% at 4,264).

Movers & Shakers

  • Educomp Solutions rallied sharply on signing an agreement with the Chattisgarh Government to implement computer aided learning in 323 locations.
  • Nagarjuna Construction slipped despite acquiring civil construction contract worth Rs285 crore from National Highways Authority of India.


Heavyweights led the fall in the Sensex. Satyam Computers slipped by 6.06% at Rs487, Ambuja Cement slumped by 4.50% at Rs128, ACC shed 4.24% at Rs1,071, Bajaj Auto lost 3.83% at Rs2,355, L&T was down 3.54% at Rs2,573 and Tata Motors tumbled by 2.86% at Rs726. Among the gainers ITC jumped 8.93% at Rs166, NTPC slipped 2.51% at Rs168, ONGC shed 2.05% at Rs934, Bharti Airtel fell by 1.57% at Rs947 and HUL was down 1.13% at Rs202, while Infosys and Reliance Energy ended with modest gains.

Over 1.56 crore IFCI shares changed hands on the BSE followed by Bellary Steel (1.44 crore shares), Allied Digital (88.27 lakh shares), Spice Telecommunication (71.15 lakh shares) and Suryachakra Power Corporation (60.90 lakh shares).

Reliance Energy registered a turnover of Rs317 crore on the BSE followed by Allied Digital (Rs300 crore), Housing Development & Infrastructure (Rs231 crore), Indiabulls Real Estate (Rs156 crore) and GMR Infrastructure (Rs147 crore). 

European Indices at 16:20 IST on 25-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6497.50

-1.20

-0.02

CAC 40 Index

5872.39

-35.08

-0.59

DAX Index

7736.46

-70.33

-0.90

Asian Indices at close on 25-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17858.42

-143.61

-0.80

Hang Seng

23362.18

-110.70

-0.47

Kospi Index

2004.22

11.96

0.60

Straits Times

3633.54

-31.59

-0.86

Jakarta Composite Index

2394.56

-6.58

-0.27

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