Sensex

Thursday, July 26, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 26, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 26 July 2007 15:03
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 26, 2007

 

 

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July 26, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,768.28

4,593.10

High

15,812.27

4,624.30

Low

15,654.40

4,570.80

Today's Cls

15,776.31

4,619.80

Prev Cls

15,699.33

4,588.70

Change

76.98

31.10

% Change

0.49

0.68

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Alok Industries

64.05

10.81

Ranbaxy

373.40

9.49

Housing Development

621.75

7.18

Asahi India

107.95

5.99

i-Gate Global

254.30

5.61

Losers

Suzlon Energy

1,298.75

-7.36

PNB

525.05

-5.00

ACC

1,021.65

-4.56

Chennai Petroleum

284.45

-3.49

IndusInd Bank

52.55

-3.49

Market Statistics

-

BSE

NSE

Advances

1,533

651

Declines

1,058

435

Unchanged

68

39

Volume(Nos)

34.61cr

58.05cr

 Market Commentary 

Sensex recovers on late buying

Sustained buying in IT and pharma stocks saw the Sensex gain 77 points at the close.

The market resumed in the green despite weak Asian cues and rallied sharply led by capital goods and auto stocks.  

 

Energy majors Reliance Industries and ONGC also supported indices. The Sensex came of its high as profit selling began in mid-morning trades and slipped into the red as investor confidence waned. The index majors ACC and Bharti Airtel led the slump and the Sensex touched the intra-day low of 15,654. The market remained subdued thereafter but recovered on a hectic buying in heavyweights, IT and pharma stocks towards the close. The Sensex finally wrapped up the session with the gains of 77 points at 15,776. The Nifty closed 31 points up at 4,620.

Movers & Shakers

  • Elder Pharma moved up after acquiring 20% strategic stake in Neutra Health PLC, an AIM listed company in the United Kingdom.
  • Aventis Pharma gained on signing Themis Lab for technology transfer agreement for fixed - dose combinations comprising glibenclamide and glimepiride.


The breadth of the market was positive, with gainers outnumbering losers in the ratio of 1.42:1. Of the 2,657 stocks traded on the BSE 1,533 stocks advanced, 1,058 stocks declined and 68 stocks ended unchanged. Among the sectoral indices the BSE IT Index flared up by 1.92%, the BSE Realty Index rose 1.54%, the BSE Oil & Gas Index and the BSE HC Index moved up by 1.49%. However, the BSE Bankex Index, the BSE CG Index and the BSE Metal Index closed in the red.

Among the index heavyweights, Ranbaxy was the star performer and surged 9.49% at Rs373. Cipla spurted 4.19% at Rs194, Maruti Udyog scaled up 3.88% at Rs841, Wipro soared 3.24% at Rs515, TCS advanced 3.21% at Rs1,186, Reliance Energy moved up by 2.80% at Rs780 and M&M added 2.36% at Rs801. However, ACC tumbled 4.56% at Rs1,022, Ambuja Cement slipped 2.84% at Rs125, Bharti Airtel fell 2.28% at Rs925, BHEL was down 1.93% at Rs1,755 and HDFC Bank shed 1.82% at Rs1,219.

IT stocks registered significant gains. Rolta India surged 4.35% at Rs493, Mphasis soared 3.29% at Rs278, Infosys firmed up by 2.26% at Rs2,035 and HCL Technologies added 1.81% at Rs327. 

Over 2.84 crore IFCI shares changed hands on the BSE followed by Manglore Chemical & Fertilizer (1.47 crore shares), Suryachakra Power Corporation (1.36 crore shares), IDFC (1.31 crore shares) and IKF Technologies (80.04 lakh shares).

HDFC was the most actively traded counter on the BSE and registered a turnover of Rs369 crore followed by IFCI (Rs160 crore), Reliance Industries (Rs153 crore), IDFC (Rs151 crore) and DLF (Rs145 crore). 

European Indices at 16:10 IST on 26-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6430.80

-23.50

-0.36

CAC 40 Index

5801.36

-35.75

-0.61

DAX Index

7677.03

-15.52

-0.20

Asian Indices at close on 26-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17702.09

-156.33

-0.88

Hang Seng

23211.69

-150.49

-0.64

Kospi Index

1963.54

-40.68

-2.03

Straits Times

3579.73

-53.81

-1.48

Jakarta Composite Index

2365.26

-29.30

-1.22

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