Sensex

Monday, July 30, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated July 30, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 30 July 2007 15:27
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated July 30, 2007

 

 

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July 30, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,278.03

4,442.35

High

15,451.81

4,493.05

Low

15,135.25

4,403.70

Today's Cls

15,260.91

4,440.05

Prev Cls

15,234.57

4,445.20

Change

26.34

-5.15

% Change

0.17

-0.12

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Lanco Infra

230.20

9.18

HUL

208.75

6.26

Federal Bank

351.65

5.68

SBI

1,579.00

5.26

GAIL India

342.35

5.08

Losers

Nalco

258.95

-7.67

GMR Infra

822.45

-5.45

HTMT Global

394.45

-4.35

Hindalco

166.15

-4.13

Suzlon Energy

1,251.10

-4.09

Market Statistics

-

BSE

NSE

Advances

1,342

513

Declines

1,258

585

Unchanged

60

32

Volume(Nos)

30.52cr

41.23cr

 Market Commentary 

Market ends choppy

The Sensex ended with modest gains after witnessing an intra-day swing of more than 300 points.

The market opened flat but expectations of good earnings helped the Sensex recover from the day's low of 15,135. The market remained choppy in early trades but recovered  

 

as results poured in. Good quarter results of Hindustan Unilever and SBI, followed by heavy buying in cement stocks helped the Sensex see the day's high of 15,452 by afternoon. However, in the closing session, the Sensex entered in to the negative territory as selling intensified. But, last minute buying helped the Sensex finally close the session at 15,261 up 26 points. The Nifty, the broad based index, closed by shedding five points at 4,440.

The breadth of the market was positive. Of the 2,660 stocks traded on the BSE 1,342 stocks advanced, 1,258 stocks declined and 60 stocks remained unchanged. Among the 12 sectoral indices on the BSE only three managed to close in the green. The BSE Realty index dropped 1.97% at 7,670, the BSE Metal index slipped 1.05% at 11,381 while, the BSE HC index, the BSE CG index and the BSE Teck index also ended at lower levels. The BSE Bankex index, the BSE FMCG and the BSE PSU index gained over 0.50-1% each.

Movers & Shakers

  • Elecon Engineering gained on receiving order worth Rs379 crore from Damodar Valley Corporation.
  • Biocon closed in the green on reports that the company is forming a joint venture, Neobiocon, with Neopharma in Dubai's biotechnology and research park, Dubiotech.
  • NTPC moved up after signing Anna University to provide a platform for knowledge sharing and collaboration to promote research and development.


Select heavyweights edged higher on decent buying support. On the back of good quarterly results, Hindustan unilever rose 6.26% at Rs209 and SBI jumped 5.26% at Rs1,579. Ambuja Cement advanced 3.40% at Rs129, Grasim added 2.96% at Rs2,947, ACC gained 2.27% at Rs1023 and Reliance Energy gained 2.20% at Rs780. However, select front-line stocks came under selling pressure. Hindalco was the major loser and dropped 4.13% at Rs166. Other draggers M&M declined 3% at Rs753, ITC dropped 2.62% at Rs167 and TCS shed 1.32% at Rs1,138. 

Over 1.78 crore Reliance Natural Resources shares changed hands on the BSE followed by IKF Technologies (1.03 crore shares), IFCI (97.43 lakh shares), Suryachakra Power Corporation ( 86.25 lakh shares) and JP Hydro (54.75 lakh shares).

Value wise, Reliance Industries registered a turnover of Rs216 crore on the BSE followed by Reliance Energy (Rs200 crore), Housing Development & Infrastructure (Rs182 crore), SBI (Rs178 crore) and Reliance Capital (Rs152 crore).

European Indices at 16:15 IST on 30-07-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6196.90

-18.30

-0.29

CAC 40 Index

5622.53

-21.53

-0.38

DAX Index

7404.92

-46.76

-0.63

Asian Indices at close on 30-07-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17289.30

5.49

0.03

Hang Seng

22739.90

169.49

0.75

Kospi Index

1906.71

23.49

1.25

Straits Times

3526.29

33.59

0.96

Jakarta Composite Index

2301.55

3.14

0.14

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