Sensex

Friday, August 24, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated August 24, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 24 August 2007 14:56
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 24, 2007

 

 

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August 24, 2007

 

Index Performance

Index

Sensex

Nifty

Open

14,237.26

4,113.05

High

14,455.49

4,201.45

Low

14,163.61

4,110.05

Today's Cls

14,424.87

4,190.15

Prev Cls

14,163.98

4,114.95

Change

260.89

75.20

% Change

1.84

1.83

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

JSW Steel

571.60

10.13

HTMT Global

328.65

9.66

Century Textiles

747.35

8.40

Omaxe

322.45

7.54

HCL Infosystems

175.45

6.69

Losers

Chennai Petroleum

247.05

-6.08

ING Vysya Bank

227.60

-3.91

Raymond

254.20

-3.55

HCL Tech

276.65

-2.09

HMT

56.05

-2.01

Market Statistics

-

BSE

NSE

Advances

1,563

746

Declines

1,067

350

Unchanged

47

20

Volume(Nos)

25.21cr

37.89cr

 Market Commentary 

Buoyancy lifts Sensex past 14,400

The market remained upbeat throughout the session and gained 261 points on sustained buying in metal, auto, oil and capital goods stocks.

The markets stabilised today after witnessing wild intra-day swings yesterday.  

 

The market regained strength after the Left Front indicated softening its stand on the Indo-US nuclear deal. The Sensex opened on a positive note at 14,237 despite weakness in global indices. As trading progressed, the market gained strength on strong buying in metal, auto, oil and capital goods stocks. A smart rally thereafter and buoyancy in heavyweight towards the close saw the index surge to an intra-day high of 14,455. The Sensex finally ended the session with a gain of 261 points at 14,425, while the Nifty added 75 points to close at 4,190.

Movers & Shakers

  • EL Manufacturing rallied sharply on receiving an order worth $18 million for exporting readymade garments.
  • Shree Renuka Sugars gained marginally on acquiring the ethanol plant of Dhanuka Petro-Chem.


The market breadth was positive. Of the 2,677 stocks traded on the BSE 1,563 stocks advanced, 1,067 stocks declined and 47 stocks ended unchanged. Among the sectoral indices the BSE Metal index notched up a gain of 2.84% at 10,276 followed by the BSE Auto index (up 2.37% at 4,569), the BSE PSU index (up 2.30% at 6,626) and the BSE CG index (up 2.31% at 12,622).

The heavyweights witnessed a strong buying interest. Tata Motors soared 5.93% at Rs659, BHEL rose 4.72% at Rs1,740, Reliance Energy shot up by 4.22% at Rs736, ACC jumped 3.90% at Rs1,010, Tata Steel added 3.80% at Rs582, SBI gained 3.60% at Rs1,466, Ranbaxy moved up by 3.48% at Rs361 and Satyam Computer was up 3.36% at Rs434. However, Dr Reddy's Lab at Rs626 and HDFC at Rs1,905 inched marginally lower.

Metal stocks notched up significant gains during the day. JSW Steel surged 10.13% at Rs572, Welspun Gujrat scaled up 5.77% at Rs228, Bhushan Steel rose 4.98% at Rs655, Maharashatra Seamless Steel jumped 4.33% at Rs578, Jindal Stainless added 3.52% at Rs145 and SAIL gained 3.22% at Rs145.

Over 1.29 crore Nagarjuna Fertiliser shares changed hands on the BSE followed by Tata Teleservices (1.13 crore shares), SEL Manufacturing (1.02 crore shares), IFCI (99.30 lakh shares) and Asian Granite (94.82 lakh shares).

Value wise, SEL Manufacturing registered a turnover of Rs212 crore on the BSE followed by SBI (Rs133 crore), Reliance Industries (Rs99 crore), Asian Granite (Rs97 crore) and Omaxe (Rs90 crore).

European Indices at 16:05 IST on 24-08-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6194.70

-2.20

-0.04

CAC 40 Index

5519.11

-4.22

-0.08

DAX Index

7481.85

-30.11

-0.40

Asian Indices at close on 24-08-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16248.97

-67.35

-0.41

Hang Seng

22921.89

-45.08

-0.20

Kospi Index

1791.33

-8.39

-0.47

Straits Times

3369.45

-1.46

-0.04

Jakarta Composite Index

2143.11

25.45

1.20

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