Sensex

Tuesday, October 09, 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated October 09, 2007

 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 09 October 2007 16:07
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated October 09, 2007

 

 

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October 09, 2007

 

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

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