| | Index Performance | Index | Sensex | Nifty | Open | 17,402.24 | 5,062.65 | High | 18,327.42 | 5,348.70 | Low | 17,287.19 | 5,000.95 | Today's Cls | 18,280.24 | 5,327.25 | Prev Cls | 17,491.39 | 5,085.10 | Change | 788.85 | 242.15 | % Change | 4.51 | 4.76 | | | Market Indicators | Top Movers (Group A) | Company | Price (Rs) | % chg | Gainers | iGate Global | 317.70 | 20.00 | IndusInd Bank | 71.15 | 16.07 | IDFC | 164.70 | 12.12 | REL | 1,533.65 | 11.17 | RCom | 705.85 | 10.13 | Losers | Asahi India | 112.90 | -3.05 | Sun Pharma | 923.40 | -2.44 | HCL Info | 232.60 | -2.29 | Micro Inks | 352.00 | -2.14 | GSK Consumer | 609.85 | -1.37 | | Market Statistics | - | BSE | NSE | Advances | 1,784 | 624 | Declines | 933 | 427 | Unchanged | 66 | 26 | Volume(Nos) | 49.11cr | 85.28cr | | | | | Market Commentary | | Sensex 18,000 Hurray! | The Sensex gained 789 points and closed at 18,280 on widespread buying support. | The market was back on track after slipping over 280 points yesterday. Following weak Asian markets, the Sensex opened marginally lower at 17,402 and slipped further | | | to touch the day's low of 17,287, down 204 points to its previous close. The market soon overcame the early hitch and made steady progress before a strong bout of buying lifted the index past 18,000 level. The Sensex climbed 1,000 points from 17,000 in eight sessions only. The market thereafter rallied sharply and touched the lifetime high of 18,327, up 1,040 points from its day's low. The Sensex closed with gains of 4.51% and was up 789 points at 18,280, while the Nifty rose 4.76% and gained 242 points to close at 5,327. The market breadth was firm, with the gainers outpacing the losers in the ratio of 1.86:1. Of the 2,783 stocks traded on the Bombay Stock Exchange (BSE), 1,784 stocks advanced, 933 stocks declined and 66 stocks ended unchanged. While the BSE Oil & Gas index and the BSE Realty index gained over 5-6%, the rest of the sectoral indices jumped over 2-4% each. All the 30 stocks of Sensex closed in the green. Reliance Energy was the star performer and surged 11.17% at Rs1,534. Reliance Communication spurted 10.13% at Rs706, Maruti Udyog scaled up 7.80% at Rs1,105, Reliance Industries soared 7.59% at Rs2,600, NTPC advanced 6.38% at Rs218, SBI moved up by 6.01% at Rs1,889 and Tata Steel added 5.78% at Rs835. | | Movers & Shakers | - Petron Engineering Construction jumped after receiving an order worth Rs1.35 crore from Moser Baer India Ltd.
- IVRCL Infrastructures rallied sharply on bagging lift irrigation works valued at Rs761.24 crore.
- Larsen & Toubro surged on receiving a large project order from IOC valued at Rs693 crore.
| | | Oil & gas stocks registered significant gains. Reliance Petroleum surged 6.72% at Rs161, Gail soared 5.69% at Rs385, ONGC firmed up by 4.85% at Rs985 and BPCL added 3.69% at Rs386. Over 3.61 crore Reliance Natural Resources shares changed hands on the BSE followed by IFCI (2.76 crore shares), Power Grid Corporation (2.63 crore shares), Tata Teleservices (2.41 crore shares) and Ispat Industries (2.13 crore shares). Reliance Energy was the most actively traded counter on the BSE and registered a turnover of Rs440 crore followed by Reliance Communication (Rs407 crore), Reliance Industries (Rs355 crore), Reliance Capital (Rs313 crore) and Reliance Natural Resources (Rs306 crore). | | | | | | | | | European Indices at 17:00 IST on 09-10-2007 | | | Index | Level | Change (pts) | Change (%) | FTSE 100 | 6587.00 | 46.10 | 0.70 | CAC 40 Index | 5836.54 | 7.14 | 0.12 | DAX Index | 7986.48 | 12.11 | 0.15 | | | | | | | | | | | Asian Indices at close on 09-10-2007 | | | Index | Level | Change (pts) | Change (%) | Nikkei 225 | 17159.90 | 94.86 | 0.56 | Hang Seng | 28228.04 | 457.75 | 1.65 | Kospi Index | 2014.13 | 1.31 | 0.07 | Straits Times | 3865.75 | 45.44 | 1.19 | Jakarta Composite Index | 2546.61 | 22.91 | 0.91 | | | | | | | | To know more about our products and services, click here. | | | | | | “This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report. The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.” | To unsubscribe write to myaccount@sharekhan.com | |
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