Sensex

Thursday, August 30, 2007

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

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 30 August 2007 15:29
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated August 30, 2007

 

 

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August 30, 2007

 

Index Performance

Index

Sensex

Nifty

Open

15,168.69

4,360.35

High

15,200.81

4,422.30

Low

15,053.98

4,359.75

Today's Cls

15,121.74

4,412.30

Prev Cls

14,993.04

4,359.30

Change

128.70

53.00

% Change

0.86

1.22

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

VSNL

470.25

6.71

Sun TV

330.25

5.87

HMT

62.10

5.61

Escorts

90.15

5.50

GSK Pharma

1,184.50

5.35

Losers

Nalco

255.70

-4.55

Lanco Infra

286.80

-4.21

BEML

1,148.00

-3.71

I-flex

1,997.95

-3.55

Indian Bank

142.35

-3.06

Market Statistics

-

BSE

NSE

Advances

1,567

670

Declines

1,058

444

Unchanged

74

34

Volume(Nos)

39.97cr

60.92cr

 Market Commentary 

Sensex gains on positive global cues

The market remained upbeat for the fifth straight session and surged 129 points on sustained buying in heavyweight, banking and auto stocks.

The market attracted considerable buying interest for the fifth straight session on firm global cues and gained nearly 200 points in early trades.  

 

The Sensex resumed with a huge positive gap of 176 points at 15,169. The market was range-bound with a positive bias, but the index lost some ground in the late morning trades to touch the day's low of 15,054, up 61 points from yesterday's close. The market however regained its lost momentum towards the final hour of the session on hectic upsurge in banking, heavyweight and auto stocks but, profit booking at close led the Sensex shed its gains and end the session at 15,122, up 129 points. The Nifty gained 53 points to close at 4,412.

The breadth of the market was positive. Of the 2,699 stocks traded on the BSE 1,567 stocks advanced, 1,058 stocks declined and 74 stocks ended unchanged. Among the sectoral indices the BSE Auto notched up gains of 1.38% at 4,777 followed by the BSE Bankex index (up 1.29% at 7,752) while the BSE IT index and the BSE Teck index up 1.06% respectively.

Most of the index heavyweights received considerable buying interest. Mahindra & Mahindra soared 2.95% at Rs675, Reliance Communication rose 2.77% at Rs534 HDFC Bank was up 2.20% at Rs1,182. Among the other major gainers Bajaj Auto shot up by 1.96% at Rs2,365, ACC jumped 1.92% at Rs1,061, ICICI Bank added 1.76% at Rs872, Ranbaxy gained 1.57% at Rs378, HDFC moved up by 1.37% at Rs1,986 and Infosys was up 1.33% at Rs1,858. However, Cipla slipped 2.68% at Rs165 and Reliance Energy fell 1.97% at Rs767 while Tata Steel, L&T, SBI, Bharti Airtel, Ambuja Cement and Maruti Udyog inched marginally lower.

Movers & Shakers

  • DLF's slipped despite the hospitality arm of the company signing an agreement with Four Seasons Hotels and Resorts to operate a proposed luxury hotel at DLF Golf Links.
  • Tata Consultancy Services gained marginally on receiving a contract from BSNL worth Rs574 crore or $140 million.
  • Nakoda Textile Industries surged on forming a special purpose vehicle company for integrated textile park scheme approved by the Ministry of Textile.
  • Gammon India moved up on signing Wyndham Hotel Group international to enter into hotel business.


Auto and auto ancillary stocks notched up significant gains during the day. AmteK Auto surged 6.58% at Rs370, Escorts scaled up 5.50% at Rs90, Exide Industries rose 4.51% at Rs61, TVS Motors jumped 2.95% at Rs61, Apollo Tyre added 2.23% at Rs39, Bajaj Auto gained 1.96% at Rs2,365 and Hero Honda was up 1.37% at Rs646.

Over 4.36 crore Bella Steel shares changed hands on the BSE followed by Ispat Industries (1.60 crore shares), Tata Teleservices (1.55 crore shares), Nagarjuna Fertilisers (1.29 crore shares) and JP Hydro (1.07 crore shares).

Value wise, Axis Bank registered a turnover of Rs504 crore on the BSE followed by Puruvankara (Rs264 crore), Housing Development & Infrastructure (Rs257 crore), GMR Infrastructure (Rs192 crore) and Reliance Industries (Rs171 crore). 

European Indices at 16:15 IST on 30-08-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6143.00

10.80

0.18

CAC 40 Index

5537.56

17.54

0.32

DAX Index

7447.37

8.19

0.11

Asian Indices at close on 30-08-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

16153.82

140.99

0.88

Hang Seng

23484.54

463.94

2.02

Kospi Index

1841.70

15.51

0.85

Straits Times

3321.15

-13.51

-0.41

Jakarta Composite Index

2150.72

15.83

0.74

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