Sensex

Thursday, October 04, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated October 04, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 04 October 2007 15:56
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated October 04, 2007

 

 

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October 04, 2007

 

Index Performance

Index

Sensex

Nifty

Open

17,799.63

5,211.65

High

17,890.49

5,233.10

Low

17,494.70

5,126.05

Today's Cls

17,777.14

5,208.05

Prev Cls

17,847.04

5,210.80

Change

-69.90

-2.75

% Change

-0.39

-0.04

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Jindal Steel

6291.75

16.95

Neyveli Lignite

115.75

9.15

CESC

588.10

8.69

GIPCL

95.50

7.85

HDIL

707.60

6.78

Losers

Nestle

1260.00

-4.04

JP Associates

1129.05

-4.02

United Phosphorus

377.50

-3.96

ONGC

985.95

-3.77

Tata Power

992.95

-3.71

Market Statistics

-

BSE

NSE

Advances

1,164

419

Declines

1,612

711

Unchanged

53

31

Volume(Nos)

47.52cr

75.05cr

 Market Commentary 

Sensex wraps up its longest winning streak

Sensex fell after snapping its longest winning run in almost four years amid heavy selling in banking, fast moving consumer goods (FMCG) and technology stocks.

The market took a halt after having recorded gains for eleven consecutive sessions that had lifted the Sensex to a record peak above 17,950. Tracking the weak Asian 

 

markets, the Sensex resumed the session with a negative gap of 47 points at 17,800 and continued moving southwards. As selling intensified by the afternoon in banking, FMCG and oil stocks, the Sensex touched the day's low of 17,495 below the 17,500 mark. The market saw a sharp upmove thereafter but the widespread selling assured that the Sensex remains in the negative territory. The Sensex finally ended the session with a loss of 70 points at 17,777, while the Nifty dropped by two points to close at 5,209.

The breadth of the market was negative. Of the 2,829 stocks traded on the BSE 1,612 stocks declined, 1,164 stocks advanced and 53 stocks ended unchanged. However, most of the sectoral indices of the Bombay Stock Exchange (BSE) ended in positive territory. The BSE CD index rallied sharply and gained 2.75% at 4,870. The BSE Metal index, the BSE CG index, the BSE Auto index, the BSE Oil and the BSE Realty index added over 0.50%-1% each. However, the Bankex index slipped 1.44% while the BSE FMCG index, the BSE IT index and the BSE PSU index slipped marginally.

Movers & Shakers

  • Panacea Biotec surged on signing a memoranda of agreement with Family Vaccines, Philippines to provide "Easy Vaccines" through its chain of 50 immunisation clinics.
  • Ranbaxy Laboratories moved up on receiving final approval from the US Food and Drug Administration to manufacture and market Clarithromycin for oral suspension.
  • GE Shipping slipped despite taking the delivery of a MR product tanker from TX Shipping, Korea.
  • Sun TV Network closed in the red despite launching two FM Radio Stations at Madurai and Tuticorin under the brand 'Suryan FM'.


Index heavyweight ONGC triggered a major sell-off in the market and tumbled by 3.77% at Rs986. Among the other major losers, HDFC dropped 3.65% at Rs2,500, ICICI Bank declined by 2.45% at Rs1,061, Wipro lost 1.99% at Rs461, Hindalco shed 1.84% at Rs176, M&M slumped by 1.61% at Rs758, Grasim slipped by 1.52% at Rs2,590 and ITC dipped by 1.33% at Rs185. However, NTPC managed to report gains and moved up by 4.33% at Rs226, Tata Steel advanced 2.94% at Rs865, Cipla added 2.19% at Rs189 and Maruti Udyog gained 2.10% at Rs1,041.

Over 2.57 crore Himachal Futuristic Communication shares changed hands on the BSE followed by Ispat Industries (2.54 crore shares), Nagarjuna Fertilisers (2.45 crore shares), Tata Teleservices (1.67 crore shares) and Reliance Natural Resources (1.66 crore shares).

Reliance Energy was the most actively traded counter on the BSE with a turnover of Rs463 crore followed by Reliance Industries (Rs242 crore), Reliance Capital (Rs231 crore), Unitech (Rs186 crore) and DLF (Rs175 crore).

European Indices at 16:45 IST on 04-10-2007

Index

Level

Change (pts)

Change (%)

FTSE 100

6565.80

30.60

0.47

CAC 40 Index

5808.17

1.99

0.03

DAX Index

7948.88

-6.42

-0.08

Asian Indices at close on 04-10-2007

Index

Level

Change (pts)

Change (%)

Nikkei 225

17092.49

-107.40

-0.62

Hang Seng

26973.98

-505.96

-1.84

Kospi Index

2003.60

-10.49

-0.52

Straits Times

3783.81

29.19

0.78

Jakarta Composite Index

2473.16

21.57

0.88

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